Tether Announces Strategic Investment Into European AI Firm

Stablecoin giant Tether has announced a strategic investment in German-listed Bitcoin miner Northern Data Group , which the former says will be “the biggest independent AI Player in Europe.”

“We are excited about this investment into Northern Data Group as it represents a fresh venture into new technological frontiers,” said Paolo Ardoino, Tether’s Chief Technology Officer, in a statement. “This investment underscores our commitment to responsible growth and innovation while preserving the strength and integrity of Tether tokens’s reserves.”

Tether referenced no exact figure for its GPU purchase, but did state that it’s investment in Northern Data was made “through Damoon. “contained inaccuracies regarding Tether’s stake size in this investment,” the company added.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tether makes strategic investment in Northern Data GroupThrough the partnership, Tether and Northern Data Group will collaborate on AI, communication and data storage initiatives.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Amazon announces $3.5 billion in new investment in Central OhioAmazon has announced more big plans for its growing presence in Central Ohio.The company said it plans to invest $3.5 billion in New Albany by 2030.New Albany's
Source: fox28columbus - 🏆 249. / 63 Read more »