Tether Group's CTO, Paolo Ardoino, expressed excitement about the investment, viewing it as a venture into new technological frontiers. This follows the recent launch of the testing phase for Moria, Tether's Bitcoin mining platform. The testing phase includes an initial batch of containers and miners, along with extended control over PDU management and miner interaction, which Ardoino described as a pioneering step for the crypto sphere.
Key takeaways:
- Tether Group has reportedly spent $420 million on 10,000 H100 GPUS from Bitcoin miner Northern Data, but denies the reported stake size in the investment.
- The collaboration between Tether and Northern Data Group will focus on AI, peer-to-peer communications, and data storage solutions, but no financial details have been disclosed.
- Forbes reported that Tether was taking a 20% stake in Northern Data, who plans to rent the chips to AI startups, potentially making it the largest operator in Europe outside of major cloud computing companies.
- Tether Group's CTO Paolo Ardoino expressed excitement about the investment and the company's continued venture into new technological frontiers, including the recent launch of the testing phase for their Bitcoin mining platform, Moria.