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Tether Executives Buy Peak Mining for $200M, Sparking Concerns Over Related-Party Transactions

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Tether executives Paolo Ardoino and Giancarlo Devasini bought Peak Mining for $200 million from Northern Data, a Tether subsidiary. The deal, done via three shell companies, has drawn attention over transparency and regulatory risks. The move follows a tax probe into Northern Data and comes as Bitcoin news remains in focus. Tether’s USDT liquidity continues to support internal flows, with expansion into GPU and AI cloud services. Inflation data trends may influence future moves in the crypto and mining sectors.
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