Tether-Linked Firms Acquire Peak Mining for Up to $200 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 23 2025- Transaction Background: Companies linked to Tether executives have acquired Peak Mining, a cryptocurrency mining business, for up to $200 million, highlighting Tether's expanding investment footprint in the crypto sector.
- Management Structure: The buyer, Highland Group Mining, is directed by Tether co-founder Giancarlo Devasini, indicating a tight connection between Tether's leadership and its investment assets, which may raise regulatory scrutiny.
- Market Impact: With Northern Data's market capitalization at approximately €885 million and Tether controlling over 70% of its shares, this acquisition further solidifies Tether's influence in the cryptocurrency mining space.
- Regulatory Scrutiny: Northern Data is under investigation by European prosecutors for potential tax fraud, which places Tether's investment activities under stricter examination and could impact its future capital operations.
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.
