[Northern Data, a Tether-affiliated company, divests mining business and is acquired by Rumble] Tether's AI data center company, Northern Data, has sold its Bitcoin mining business, Peak Mining, for up to $200 million to a company controlled by Tether founder Giancarlo Devasini and CEO Paolo Ardoino. Days after the announcement of this transaction, the social platform Rumble, in which Tether holds nearly 50% ownership, agreed to acquire Northern Data for approximately $767 million. Earlier this year, Northern Data was subjected to a surprise investigation by the EU, accused of large-scale tax fraud. The company denied the allegations and stated it is cooperating with the investigation.