Northern Data : Company Presentation September 2023 -September 27, 2023 at 06:55 am EDT
Company Presentation 7. September 2023 1 ...
Source: marketscreener.com
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Tether Diversifies Portfolio with Strategic Stake in Northern Data AG, Signals Move into AI
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Source: econotimes.com
Tether Ventures into $420 Million AI Chip Deal with German Bitcoin Mining Firm Northern Data
Tether is reportedly engaging in a $420 million deal involving AI chips and an overseas Bitcoin mining firm, according to Forbes. The investment, not officially confirmed by Tether, centers around the purchase of 100,000 Nvidia H100 GPUs. Tether's role is to acquire the chips for German mining firm Northern Data, earning a 20% stake in return. The deal is managed through an Irish shell company owned by Northern Data, called Damoon. Northern Data holds 70% of Damoon, with potential for further acquisition. Controversies surround Northern Data, while Tether's $83 billion USDT stablecoi...
Source: techstory.in
Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150…
Source: biztoc.com
Tether acquires 20% stake in German Bitcoin miner Northern Data in unusual equity deal: Report
Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on…
Source: biztoc.com