According to the Financial Times in the UK, Northern Data, a German AI and data center company in which Tether holds shares, sold its Bitcoin mining business, Peak Mining, in November for approximately $200 million. Subsequent regulatory filings revealed that the buyer was a group of companies controlled by Giancarlo Devasini and Paolo Ardoino. This sale occurred just days before Tether, which holds nearly 50% of the video platform Rumble, announced its acquisition of Northern Data for approximately $767 million; at the same time, there are also loan, service procurement, and advertising agreement arrangements between Tether, Rumble, and Northern Data.