Tether-Linked Company Sells Northern Data Mining Business, Rumble Then Announces Acquisition of Northern Data
By: theblockbeats.news|2025/12/19 14:16:10
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BlockBeats News, December 19th, according to FT, Tether's AI data center company Northern Data has sold its Bitcoin mining business Peak Mining to a company controlled by Tether's co-founder Giancarlo Devasini and CEO Paolo Ardoino (Highland Group Mining, 2750418 Alberta ULC, etc.) for up to $200 million.
A few days after the announcement of this transaction, Tether's parent company, which holds nearly 50% of the shares, the conservative social media platform Rumble, agreed to acquire Northern Data for approximately $767 million. Northern Data was subject to a surprise EU investigation earlier this year on allegations of large-scale tax fraud, which the company denied and stated that it was cooperating with the investigation.
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