Tether (USDT), the world’s largest stablecoin issuer, made a strategic investment of $ 427 million in the company working in many areas besides Bitcoin mining and artificial intelligence.
Tether is currently a company within Damoon over Bitcoin (BTC) miner And cloud data provider based in Germany To Northern Data Group (NB2) established a partnership by making strategic investments. Within the scope of investment, Tether Damoon Designated Activity through 10,000 Nvidia H100s worth $427 million processor Purchased.
Within the scope of the purchase and agreement, Tether became part of Northern Data. 20% of the shares and added it to its own balance sheet.
Purchased processors Northern Data’s cloud service Taiga Cloud will be distributed thanks to its services and according to planning In the fourth quarter of 2023 will be made available to customers. of investment artificial intelligence, communication And cloud data storage It is aimed to bring about groundbreaking innovations in the fields. Particularly innovative processors rental to artificial intelligence startups is planned.
In the official statement made by Tether, it was stated that this step was an important decision in terms of following developing technologies:
As the world awaits the limitless opportunities brought by technological advances, including blockchain, Generative AI and scientific research, Northern Data Group emerges as a true pioneer. This investment is of great importance for Tether as it shows its determination to support developing technology. These investments not only embrace innovation, but also support both companies’ commitment to responsible financial management while protecting the interests of their customers. Together, they aim to develop accessible solutions that benefit communities around the world.
Northern Data announced in August that Damoon Designated Activity 70%‘ness buy your share had taken it. Tether this year Bitcoin mining operations in South America And in Georgia He also invested in a cryptocurrency payment company.