Northern Data Group is considering selling its cryptocurrency mining arm, Peak Mining, to focus on enhancing its artificial intelligence and high-performance computing (HPC) divisions. The company's major shareholder is stablecoin issuer Tether. The potential divestment of Peak Mining aims to allocate funds towards bolstering its AI platform, expanding data center operations, and acquiring more AI graphics processing units (GPUs). While negotiations with interested parties have begun, the outcome is uncertain and contingent on market conditions. Tether, holding a significant stake in Northern Data, has previously provided substantial financial support. Northern Data also plans to explore an IPO in 2025 to list its cloud computing and data center branches on the Nasdaq. The company's recent financial results highlight a strategic shift towards AI and HPC technologies, reflecting a broader industry trend towards diversification and innovation. Read more AI-generated news on: https://app.chaingpt.org/news