Northern Data's option to acquire and subsequently sell the Corpus Christi HPC facility has expired without a successful transaction. This development carries significant implications for the company's planned Rumble tender offer, which was partly dependent on this asset transaction. The failure to close the deal on schedule marks a setback for the infrastructure expansion strategy that had been anticipated in the market. Without the capital infusion from this potential sale, Northern Data's timeline and scope for the upcoming financing initiative may require recalibration. The situation underscores the complexities of large-scale infrastructure M&A in the data center sector, particularly when transaction conditions hinge on multiple interconnected moving parts.