Tether
EU's Largest Bitcoin Miner Northern Data Sold to Tether-run Companies, But There’s a Twist
Northern Data’s $200M Bitcoin mining sale is drawing scrutiny after buyers were linked to Tether executives. Here’s what the deal reveals.
Northern Data’s $200M Bitcoin mining sale is drawing scrutiny after buyers were linked to Tether executives. Here’s what the deal reveals.
Northern Data disclosed in November that it had sold its bitcoin mining subsidiary, Peak Mining, for up to $200 million. What it did not disclose at the time
The sale came just days before Tether-backed video streaming site Rumble announced its $767 million agreement to acquire Northern Data.
Tether CEO Paolo Ardoino warns that a potential AI investment bubble bursting in 2026 could spill over into Bitcoin due to its correlation with U.S. equities
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