TechFlow, December 19 — According to the FT, Northern Data, an AI data center company under Tether, will sell its Bitcoin mining business, Peak Mining, to companies controlled by Tether founders Giancarlo Devasini and CEO Paolo Ardoino (including Highland Group Mining and 2750418 Alberta ULC), for up to $200 million. Several days after this transaction was announced, Rumble, a conservative social platform in which Tether holds nearly 50% stake, agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was raided by EU authorities over allegations of large-scale tax fraud, which the company denies, stating it is cooperating with the investigation.
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