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Tether Executives Sell Mining Assets to Affiliated Companies

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Tether executives sold mining assets to affiliated companies in a $200 million deal last November. Highland Group Mining and Appalachian Energy, controlled by Tether co-founder Devasini and CEO Ardoino, acquired Peak Mining. The transaction occurred ahead of Rumble’s $767 million buyout of Northern Data, which owes Tether €610 million and faces a $1 billion VAT probe. Traders are evaluating the risk-to-reward ratio of Tether-linked investments amid these moves. Key levels for Tether’s USD stability may now hinge on support and resistance from internal financial ties.
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