🚀 Northern Data Eyes AI Future, Considers Selling Peak Mining Unit 🚀

Northern Data AG, a German-listed crypto and AI infrastructure firm, is exploring the sale of its Peak Mining unit. This move aims to sharpen its focus on AI solutions, particularly Europe's largest Generative AI cloud platform and data centers.

- CEO Aroosh Thillainathan emphasizes the importance of blockchain but seeks a suitable steward for the mining business.

- Proceeds from the sale will boost AI product platforms and infrastructure.

- Shares surged 10.69% to €35.20 post-announcement.

What are your thoughts on this strategic shift? Share in the comments! 💬