đ Northern Data Group is eyeing a big shift! The company plans to sell its crypto mining biz, Peak Mining, and pour the proceeds into AI and high-performance computing (HPC). đ§
- Germany-based Northern Data announced negotiations are underway but warned the sale depends on market conditions.
- Proceeds will boost their AI platform, data centers, and GPUs.
- Tether, holding 46% of Northern Data, backs this move with hefty investments.
- Northern Data aims to list its AI and HPC units on Nasdaq by 2025.
Looks like AI is the new crypto!
