Tether Acquires Peak Mining for $200M, Shifting Focus to AI Data Centers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 27 2025- Acquisition Deal: Tether's Giancarlo Devasini and Paolo Ardoino acquired Northern Data's Peak Mining for $200 million through Highland Group Mining Inc. and Appalachian Energy LLC, marking a strategic shift from Bitcoin mining to AI data centers.
- Financial Structure: The deal involves $50 million upfront and $150 million deferred contingent on mining profits, showcasing Tether's flexibility and foresight in restructuring its financial framework.
- Industry Impact: The acquisition will optimize Tether's Bitcoin mining capabilities while supporting investments in AI and data processing, reflecting the company's keen insight into future technological trends.
- Strategic Restructuring: Devasini emphasized that this acquisition addresses the growing demand for AI, indicating Tether's repositioning of assets to adapt to industry changes, which may have profound regulatory and technological implications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
