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Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to
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In an Oct. 18 report from Chainalysis, Central, Northern and Western Europe were said to account for 17.6% of global transaction volume between July 2022 and June 2023. The only cryptocurrency economy that is said to be larger is North America. The UK takes the lead As part of growing trends for crypto
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The United Kingdom has emerged as a major cryptocurrency economy worldwide and the biggest crypto country in terms of raw transaction volume in Central, Northern and Western Europe (CNWE), according to a new study.The blockchain analytics firm Chainalysis released two new chapters of its 2023 Geography of Cryptocurrency report on
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The world’s largest stablecoin is reported to have spent $420 million on 10,000 H100 GPUS from the Bitcoin miner Northern Data, according to a report in Forbes. However, a press release from Tether issued the next day stated this report had some inaccuracies in the stake size of the investment. A collaboration
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The firm behind stablecoin Tether (USDT) has invested an undisclosed amount into German-based crypto miner Northern Data Group in a move backing artificial intelligence (AI) initiatives.In a Sept. 21 blog post, Tether said the strategic investment into Northern Data through Tether group company Damoon was intended to demonstrate “its determination
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Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing. Original Source
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The Bitcoin (BTC) community in Europe continues to be a voice to combat vexing social problems affecting the continent, according to podcast host Eric Dale.The CEO of Northern Lightning conferences, which hosts a number of Bitcoin events across Europe, believes the continent’s Bitcoin community is fostering ideals that will be
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Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, released its December 2022 results for its mining division.According to Northern Data AG, in the fiscal year 2022, it mined a total of 2,798 BTC, a significant increase of 315% compared to the previous year. This
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According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth
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The Nordics remain a cold place for crypto, but Estonia
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