Tether-Linked Company Sells Northern Data Mining Business, Rumble Then Announces Acquisition of Northern Data

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.