TechFlow news, according to Forbes, Tether has purchased 10,000 Nvidia H100 GPUs for $420 million, securing a 20% equity stake in Bitcoin miner Northern Data, and plans to lease these chips to AI startups.
Nvidia's H100 is one of the most sought-after products in the IT industry, with each chip priced at $40,000. Data processing companies prefer these GPUs as their primary processors, resulting in strong demand from artificial intelligence startups.
Northern Data CEO Aroosh Thillainathan said the deal could position Northern Data as Europe’s largest cloud GPU operator outside major cloud computing giants such as Amazon, Microsoft Azure, and Oracle.
Add to Favorites
Share to Social Media
