Tether-affiliated companies sold Northern Data's mining operations, and Rumble subsequently announced its acquisition of Northern Data.

Tether's AI data center company, Northern Data, sold its Bitcoin mining business, Peak Mining, for up to $200 million to companies controlled by Tether founder Giancarlo Devasini and CEO Paolo Ardoino (including Highland Group Mining and Alberta ULC, 2750418). Days after the deal was announced, Rumble, a conservative social platform in which Tether holds a nearly 50% stake, agreed to acquire Northern Data for approximately $767 million. Northern Data was previously under intense scrutiny from the European Union this year, accused of large-scale tax fraud, which the company denied and stated it was cooperating with the investigation. (FT)