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Bitcoin.com 2023-11-03 11:30:36

Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree

Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern Data’s cloud services and hardware capabilities, focusing on generative AI technologies. Northern

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