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

Odaily Planet Daily reports that 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 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 investigation by the European Union for alleged large-scale tax fraud, which the company denied, stating it was cooperating with the investigation. (FT)