Tether-related company sells Northern Data mining business, Rumble then announces acquisition of Northern Data

BlockBeats News, December 19 — According to FT, Tether’s AI data center company Northern Data is selling its Bitcoin mining business Peak Mining for up to $200 million to a company controlled by Tether founder Giancarlo Devasini and CEO Paolo Ardoino (Highland Group Mining, 2750418 Alberta ULC, etc.). Several days after the announcement of the deal, the conservative social platform Rumble, which holds nearly 50% of Tether’s shares, agreed to acquire Northern Data for approximately $767 million. Northern Data was subjected to a surprise investigation by the European Union this year, accused of large-scale tax fraud, which the company denied, stating it is cooperating with the investigation.