According to the Financial Times, Tether-backed Northern Data has sold its bitcoin mining business to a company run by Tether executives
The buyers of Peak Mining - Highland Group Mining Inc., Appalachian Energy LLC, and 2750418 Alberta ULC - are directly tied to Tether's leadership. British Virgin Islands records show Highland Group Mining is controlled by Giancarlo Devasini, Tether's co-founder and chairperson, and Paolo Ardoino, the company's chief executive. Canadian filings show Devasini is the sole director of Alberta ULC. The shareholding structure of Appalachian Energy LLC, registered in Delaware, remains opaque, with no publicly listed directors.
Northern Data has sold its bitcoin mining business to a company run by Tether executives
2025-12-21 18:25:29
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