RomaGarnik

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.

Tether Execs Acquire Northern Data’s Miner Arm in Major Industry Move
Northern Data Sells Bitcoin Mining Business to Tether-Linked Entities in Complex Deal In a recent development, Northern Data, a data center operator backed by Tether, has divested i...