Tether's AI data center company, Northern Data, has sold its Bitcoin mining business, Peak Mining, for up to $200 million. The buyers include companies controlled by Tether's founder Giancarlo Devasini and CEO Paolo Ardoino, such as Highland Group Mining and 2750418 Alberta ULC. This transaction was announced shortly before Rumble, a conservative social platform in which Tether holds nearly a 50% stake, agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was subject to an EU raid over alleged large-scale tax fraud, which the company denies, stating it is cooperating with the investigation.