ChainThink report, December 19, according to FT, Tether's AI data center subsidiary Northern Data has sold its Bitcoin mining operation Peak Mining to a company controlled by Giancarlo Devasini, Tether’s founder, and CEO Paolo Ardoino (Highland Group Mining, 2750418 Alberta ULC, etc.) for up to $200 million.

Shortly after the announcement of this transaction, Rumble, a conservative social platform with nearly 50% ownership by Tether, agreed to acquire Northern Data for approximately $767 million. Northern Data was previously subjected to a surprise EU investigation this year, accused of large-scale tax fraud; the company denied the allegations and stated it is cooperating with the inquiry.