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

December 19th — According to the Financial Times (FT), Northern Data, the AI data center firm linked to Tether, has sold its Bitcoin mining arm Peak Mining to entities controlled by Tether co-founders Giancarlo Devasini and CEO Paolo Ardoino (including Highland Group Mining and 2750418 Alberta ULC) for up to $200 million. Days after that transaction was announced, Rumble — the conservative social media platform backed by Tether’s parent company (which holds nearly 50% of Northern Data’s shares) — agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was hit with a surprise EU investigation over allegations of large-scale tax fraud; the company denied the claims and stated it was cooperating with the probe.