Mining asset Northern Data has been transferred to entities associated with Tether leadership

GraphGuru · 2026-01-20T15:16:40+00:00

Northern Data sold its mining operations to a group including Highland Group Mining, Appalachian Energy, and 2750418 Alberta ULC, linked to Tether executives. The deal illustrates how major players in the crypto industry transform assets through complex ownership structures across jurisdictions.

GraphGuru

2026-01-20 15:16:40

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Northern Data has completed the sale of its significant mining operations portfolio to Peak Mining group, which includes Highland Group Mining Inc., Appalachian Energy LLC, and 2750418 Alberta ULC. These three legal entities are directly linked to Tether executives, who supported this deal.

Following the investigation by Financial Times (, information disseminated through Jinse Finance) reveals a complex ownership structure. Documentation from the British Virgin Islands confirms that Highland Group Mining is controlled by Giancarlo Devasini, who serves as co-founder and chairman of Tether, as well as Paolo Ardoino, who is the organization’s CEO.

Canadian registration shows that the Alberta company 2750418 Alberta ULC has Devasini as its sole registered director. Regarding Appalachian Energy LLC, registered in Delaware, its ownership structure remains unclear to the public — official registries do not contain information about the company’s directors.

Such a business purchase and sale in the mining sector demonstrates how major players in the crypto industry are transforming their assets and creating complex ownership structures across different jurisdictions.

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