A company related to Tether sells Northern Data's mining business, Rumble subsequently announces the acquisition of Northern Data

BlockBeats News, December 19, according to FT, Tether's AI data center company Northern Data has sold its bitcoin mining business Peak Mining for up to $200 million to companies controlled by Tether founders Giancarlo Devasini and CEO Paolo Ardoino (including Highland Group Mining, 2750418 Alberta ULC, etc.).

A few days after the announcement of this deal, the conservative social platform Rumble, in which Tether holds nearly a 50% stake, agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was subject to a surprise investigation by the European Union, accused of large-scale tax fraud, which the company denied and stated it was cooperating with the investigation.