Tether-backed Northern Data sold mining firm to Tether execs: FT
Northern Data, which is majority-owned by Tether, sold its Bitcoin mining arm to businesses owned by Tether executives, the Financial Times reports.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Northern Data, which is majority-owned by Tether, sold its Bitcoin mining arm to businesses owned by Tether executives, the Financial Times reports.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Crypto ETFs appeared to hit $10B in hours, but filing data exposes where that money really came from
US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemb...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
XRP treasury firm Evernorth says SEC registration now effective, clearing way for Nasdaq listing
The S-4 registration statement is for Evernorth's merger with SPAC firm Armada, through which it seeks a Nasdaq listing.
Sberbank plans crypto-backed loans using Bitcoin, Ethereum and Tether
Sberbank's crypto integration signals a major shift in Russia's financial landscape, potentially challenging global regulatory nor...
Israeli crime groups increasingly use Bitcoin, Tether for money laundering
The rise in crypto use for laundering by Israeli crime groups complicates law enforcement efforts, necessitating advanced internat...
RedStone powers onchain NAV data for savUSD on Stellar, unlocking DeFi collateral for a $3B RWA market
RedStone's integration enhances Stellar's DeFi ecosystem, enabling broader asset utilization and reducing risks in the rapidly gro...