Core Insights - Tether's stake in Northern Data led to the sale of its Bitcoin mining business, Peak Mining, for approximately $200 million in November [1] - The buyer consists of multiple companies controlled by Giancarlo Devasini and Paolo Ardoino [1] - This sale occurred shortly before Tether-backed video platform Rumble announced its acquisition of Northern Data for about $767 million [1] - Tether has established loan, service procurement, and advertising agreements with both Rumble and Northern Data [1]

Core Viewpoint - Tether's subsidiary Northern Data is selling its Bitcoin mining business, Peak Mining, for up to $200 million to companies controlled by Tether's founder and CEO [1] Group 1: Transaction Details - Northern Data's Peak Mining business is being sold for a maximum price of $200 million [1] - The acquiring companies include Highland Group Mining and 2750418 Alberta ULC, which are controlled by Tether's founder Giancarlo Devasini and CEO Paolo Ardoino [1] Group 2: Subsequent Developments - Shortly after the sale announcement, Tether's nearly 50% owned conservative social platform Rumble agreed to acquire Northern Data for approximately $767 million [1] Group 3: Regulatory Issues - Northern Data faced a surprise investigation by the EU earlier this year, being accused of large-scale tax fraud, which the company denies and claims to be cooperating with the investigation [1]