Golden Finance reported that Northern Data AG is studying the possibility of selling its crypto mining business to free up funds to expand its artificial intelligence business. Northern Data, whose main shareholder is stablecoin issuer Tether Holdings Ltd., said in a statement on Monday that it would use the proceeds from the sale of Peak Mining to focus on its artificial intelligence solutions division. Influenced by the news, Northern Data's stock price rose by 12% at one point, and as of 12:06 p.m. Frankfurt time, the stock price rose by 9.8%.