【Crypto World】Tether’s AI data center operator Northern Data recently completed a strategic adjustment of its mining business. Its Bitcoin mining division Peak Mining was sold to an entity controlled by Tether founder and CEO for up to $200 million. As this deal was finalized, a bigger move followed — Northern Data received an acquisition offer from Rumble. The social platform, in which Tether holds nearly 50% of the shares, decided to acquire Northern Data for approximately $767 million. Within just a few days, a series of capital operations unfolded, reflecting Tether’s accelerated布局 in AI, data centers, content platforms, and other fields. The divestment of the mining business and subsequent overall acquisition outline the ecosystem integration plan that this stablecoin giant is currently executing.
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WalletDetective
· 12-20 10:55
Our move with Tether is really a big chess move.
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Rumble acquiring Northern Data? The speed of this ecosystem integration is quite aggressive.
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Selling off mining and then being acquired—Tether's move here is hard to understand.
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Wait, $767 million just to package Northern Data? Isn't this valuation a bit inflated?
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Ecosystem integration sounds nice, but honestly, it's just about adjusting holdings.
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Tether is involved in so many things—aren't they worried about a backlash?
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Post-sale acquisition by Peak Mining feels like a shuffle, reorganizing assets.
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Rumble taking on this deal—are they really optimistic or just getting played?
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NFTDreamer
· 12-19 06:30
Tether is about to make a big move again? Selling mining assets to acquire Rumble, is this ecosystem integration or just a cash-out game?
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Peak Mining threw out 200 million, and Rumble spent another 767 million to acquire it. How does this accounting add up?
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What’s the point of integration? Still just changing skins and flipping assets. If it lasts a few months, I’ll consider myself beaten.
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Wait, Tether is still in the mining business? I thought they had already washed their hands long ago.
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Another ecosystem integration story, just listen and don’t take it seriously.
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GasFeeLady
· 12-19 06:29
ngl, tether moving pieces around like it's playing 4d chess rn... peak mining exit + rumble acquisition? that's some serious portfolio rotation. timing's gotta be immaculate tho, can't just yeet assets without checking the optimal window fr
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ForkTrooper
· 12-19 06:28
Tether's move is quite aggressive, selling off mining assets directly for cash, then getting hit with a 767 million cut from Rumble... What kind of ecosystem are they trying to consolidate?
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CrossChainMessenger
· 12-19 06:27
Tether's move is really clever, selling the mining business and then being acquired in return. Is this how they do ecosystem integration?
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7.67 billion USD invested, what are Rumble and Tether planning to do together...
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Northern Data's deal feels like Tether is playing a big game behind the scenes
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Wait, is this paving the way for a bigger plan...
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Tether is messing with the ecosystem again. Will this work this time?
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By the way, why does Rumble have such confidence in Northern Data? Is there a story behind it?
Tether Ecosystem Accelerates Integration: After $200 million Transfer by Peak Mining, Rumble Acquires Northern Data for $767 million
【Crypto World】Tether’s AI data center operator Northern Data recently completed a strategic adjustment of its mining business. Its Bitcoin mining division Peak Mining was sold to an entity controlled by Tether founder and CEO for up to $200 million. As this deal was finalized, a bigger move followed — Northern Data received an acquisition offer from Rumble. The social platform, in which Tether holds nearly 50% of the shares, decided to acquire Northern Data for approximately $767 million. Within just a few days, a series of capital operations unfolded, reflecting Tether’s accelerated布局 in AI, data centers, content platforms, and other fields. The divestment of the mining business and subsequent overall acquisition outline the ecosystem integration plan that this stablecoin giant is currently executing.