Tether-linked Firms Buy Northern Data’s Peak Mining for $200M
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Tether-linked executives acquired Northern Data's Peak Mining unit for up to $200 million after a failed $235 million deal. This acquisition raises scrutiny due to ongoing EU tax probes and a pending acquisition of Rumble.
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- Tether-linked executives quietly acquired Northern Data’s mining arm for up to $200m via affiliated entities.
- The Peak Mining sale followed a failed $235M deal, ending at a lower valuation with related-party buyers.
- Deal adds to scrutiny as Northern Data faces EU tax probes and a pending Rumble acquisition.
A Bitcoin mining unit formerly owned by Northern Data, a German AI and data center company majority-owned by Tether, was sold for up to $200 million to a group of companies linked to Tether’s senior leadership, according to corporate filings.
Northern Data disclosed in November that it had sold its mining subsidiary, Peak Mining, but did not name the buyers at the time. Subsequent filings show the assets were acquired by Highland Group Mining Inc., Appalachian Energy LLC, and 2750418 Alberta ULC.
Records in the British Virgin Islands indicate Tether co-fo…
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