Tether-linked executives acquire Peak Mining in Northern Data’s up to $200 million sale

In November 2025, Northern Data agreed to sell its bitcoin mining unit Peak Mining for up to $200 million to three companies controlled by Tether executives Giancarlo Devasini and Paolo Ardoino. The transaction followed an earlier uncompleted $235 million sale attempt and came shortly before a separate $767 million deal in which Rumble, backed by Tether, announced plans to acquire Northern Data.