Don’t put all your eggs in one basket. Do not invest all your money on USDT only. This is what Tether’s recent activities suggest. After stablecoins, the crypto company also turned to bitcoin (BTC) mining. And recently she decided toembrace Artificial Intelligence. Objective : revolutionize the bitcoin mining process using AI. Thus, it decided to inject $420 million into Northern Data, a specialist in BTC mining and Artificial Intelligence.
In short
- Tether will invest $420 million in Northern Data, a German company specializing in bitcoin mining
- This initiative will also allow the USDT issuer to take ownership of Norhern Data Intelligence
- Tether to test Moria, its AI-powered bitcoin mining solution
Tether, after stablecoin, bitcoin mining… Artificial Intelligence
This week, crypto media reported on a new milestone reached by Tether: the start of Moria’s tests, its unique bitcoin mining platform. Proof that the issuer of the USDT stablecoin does not intend to limit itself to the sole issuance of digital assets. Bitcoin mining is also a promising activity in his eyes.
“ Tether makes strategic investment in Northern Data Group – poised to become the largest independent AI player in Europe. »
Yesterday, September 21, official site Tether announced a strategic investment in Northern Data Group. The crypto company, with a market capitalization of $83 billion, marks with this initiative its desire to try other adventures beyond fintech, energy production, communication technologies and even bitcoin (BTC) mining. .
“ As the world anticipates the limitless opportunities brought about by technological advancements, including blockchain, generative AI and scientific research, Northern Data Group is emerging as a true pioneer. This investment is significant for Tether as it demonstrates its commitment to supporting emerging technologies », We can read in the press release.
Paolo Ardoino, CTO of Tether, welcomes this partnership:
“ We are excited about this investment in Northern Data Group, as it represents a new adventure into new technological frontiers. This investment underscores our commitment to responsible growth and innovation, while preserving the strength and integrity of Tether’s token reserves. »
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