Stablecoin issuer Tether has provided a 575 million euro debt financing facility to Bitcoin mining firm Northern Data AG. The financing will strengthen Northern Data's ability to invest in sophisticated hardware. Northern Data has acquired the loan agreement with the Tether group of companies, capped at $610 million. The company is considering floating its cloud unit but expects a loss.
Northern Data Group Nets €575M From #Tether to Supercharge AI and HPC Expansion https://t.co/kI3QWBWCga
Northern Data Secures $600 Million Loan From #Tether Amidst AI Hardware Investment Spree https://t.co/kI3QWBWCga
ICYMI: Tether extends debt financing to Northern Data capped at $610 million https://t.co/1F4Ycf76gR
Bitcoin miner Northern Data could float cloud unit, expects loss https://t.co/OJQXgM3Dhi
Bitcoin miner Northern Data could float cloud unit, expects loss https://t.co/sbgNsj9gR5
Bitcoin miner Northern Data could float cloud unit, expects loss https://t.co/8rPwfxAzyK
Bitcoin miner Northern Data could float cloud unit, expects loss https://t.co/BKxdGKShJR
Tether extends debt financing to Northern Data capped at $610 million https://t.co/3bBTfxnV2y
NEW: Biggest European #Bitcoin mining firm Northern Data AG acquires 💶 €575M in a loan agreement with the Tether group of companies 🙌 https://t.co/dynQOAzcPK
Northern Data Group says will the financing will strengthen its ability to invest in the 'most sophisticated hardware available' https://t.co/sDwteIA4kG
⚡Stablecoin issuer @@Tether_to has issued a 575 million euro debt financing facility to #Bitcoin mining firm Northern Data AG. https://t.co/Uh7o5durhU