News Explorer — Tether Group Bets Big on AI, Buys $420 Million Worth of NVIDIA GPUs

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Sep 20, 5:14 pm

Forbes

Tether Group Bets Big on AI, Buys $420 Million Worth of NVIDIA GPUs

Tether Group, the crypto company behind the stablecoin Tether, has purchased $420 million worth of Nvidia's H100 GPUs in a deal that gives it a 20% stake in German-listed bitcoin miner Northern Data. Northern Data plans to rent the GPUs to AI startups, making it a major cloud GPU operator in Europe. The deal is part of Tether's strategy to diversify its investments beyond stablecoins.

Tether Group, the crypto company behind the stablecoin Tether, has purchased $420 million worth of Nvidia's H100 GPUs in a deal that gives it a 20% stake in German-listed bitcoin miner Northern Data. Northern Data plans to rent the GPUs to AI startups, making it a major cloud GPU operator in Europe. The deal is part of Tether's strategy to diversify its investments beyond stablecoins.

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