Mining giant asset restructuring: The ecological changes behind the transfer of hundreds of millions of dollars.

[Coin World] There is another significant move in the encryption ecosystem. Northern Data, controlled by Tether, recently sold its subsidiary Peak Mining to a company closely related to Tether executives Giancarlo Devasini and Paolo Ardoino, with a transaction price of up to $200 million. In fact, there was an attempt to sell it for a higher price of $235 million to another entity under Devasini's name, but the negotiations fell through. Interestingly, this transaction does not need to be disclosed as a related party transaction.

What is the background? Rumble has agreed to acquire Northern Data for $767 million, a deal that involves a $610 million loan from Tether to Northern Data, along with a new service agreement. Therefore, the sale of Peak Mining is taking place against such a significant backdrop.

Timing is also crucial—Northern Data is facing tax-related accusations, with regulatory authorities conducting a review, while Tether is actively expanding its global mining business. Two parallel stories, one under scrutiny and the other in expansion, both heavily flavored with capital operations and business layouts. These large transactions reflect a deep capital restructuring occurring throughout the encryption mining ecosystem.