Tether-related companies sold Northern Data's mining business, and Rumble subsequently announced the acquisition of Northern Data.

On December 19th, Northern Data, an AI data center company owned by Tether, sold its bitcoin mining business Peak Mining for up to $200 million to companies controlled by Tether founder Giancarlo Devasini and CEO Paolo Ardoino (Highland Group Mining, 2750418 Alberta ULC, etc.).
Days after the deal was announced, Rumble, a conservative social platform in which Tether holds a nearly 50 per cent stake, agreed to buy Northern Data for about $767 million. Northern Data was raided by the European Union this year amid allegations of large-scale tax fraud, which the company denied and said it was cooperating with.