Tether Group denies stake size in Northern Data investment
The world’s largest stablecoin is reported to have spent $420 million on 10,000 H100 GPUS from the Bitcoin miner Northern Data, according to a report in Forbes. However, a press release from Tether issued the next day stated this report had some inaccuracies in the stake size of the investment . A collaboration that will leverage AI According to Tether’s release, this collaboration with Northern Data Group, the Frankfurt-based company, will focus on initiatives around AI, peer-to-peer communications, and data storage solutions. However, Tether did not disclose any figures related to the collaboration. Tether Makes Strategic Investment into Northern Data Group – Set to Become the Biggest Independent AI Player in Europe Read more:https://t.co/L4F6V10ruk — Tether (@Tether_to) September 21, 2023 In contrast, Forbes reported on Sept. 20 that Tether was taking on a 20% stake in the Bitcoin miner who plans to rent the $10,000 chips to AI startups. The CEO of Nor...