German police have raided Northern Data AG, a data center firm backed by Tether Holdings SA, according to the Frankfurt prosecutor's office. Details on the raid's targets and objectives remain undisclosed, with further information expected on Monday. Northern Data, initially focused on cryptocurrency mining, has recently pivoted to AI services amid rising demand. Last month, Bloomberg reported that Rumble was contemplating an all-stock acquisition of Northern Data, valuing the company at around $1.17 billion.