Tether's Strategic Bet: Northern Data's Crypto Mining Sale
Wednesday, Nov 27, 2024 11:40 am ET
1min read Tether, the stablecoin issuer, is backing a strategic move by Northern Data AG, a Frankfurt-listed crypto and AI infrastructure company. Northern Data is exploring the sale of its Peak Mining unit, aiming to focus on Europe's largest Generative AI cloud platform and a portfolio of data centers. This shift aligns with Tether's investment strategy, which emphasizes stability, predictability, and consistent growth.
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