Following an announcement in which Northern Data said it had reached an agreement with Tether to acquire Damoon, the stablecoin issuer said it had invested an undisclosed amount.
a $420-million investment, but did not specify the exact amount when reached for comment. Cointelegraph also reached out to Northern Data, but did not receive a response at the time of publication.in July that it had reached an agreement with Tether to acquire Damoon, a deal in which the stablecoin issuer “agreed to capitalize Damoon prior to completion of the acquisition with the funds needed to acquire latest-generation GPU hardware".
Tether Makes Strategic Investment into Northern Data Group - Set to Become the Biggest Independent AI Player in Europe
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