The announced amount will allow the German company to invest in state-of-the-art equipment for subsidiary Taiga Cloud, which is Europe’s largest cloud computing provider for AI startups. Northern Data is also looking to expand its own data center network, operating under the Ardent Data Centers brand.
Northern Data Group intends to increase bitcoin mining operations and promote the development of blockchain services.
“Tether Group is proud to support Northern Data in its ability to provide customers with access to flexible, energy-efficient high-performance computing infrastructure,” Tether CTO Paolo Ardoino said proudly.
Earlier, Tether reported reserves for the third quarter of the year. If the report is to be believed, the financial giant’s excess asset holdings totaled $3.2 billion