Tether makes AI foray with huge bet on Cloud GPUs

Tether has made an entry into the AI space with a strategic investment in Bitcoin miner Northern Data.
Media reports say Tether purchased 10,000 Nvidia H100 GPUs worth $420 million.Tether, the company behind the $83 billion stablecoin USDT, has marked its foray into the AI tech space with a strategic investment in Europe-based crypto mining firm Northern Data.
A news release by Tether noted that the investment was made via Damoon, a Tether group company. The stablecoin issuer did not disclose t