NORTHERN DATA SIGNS $600 MILLION DEBT FACILITY WITH TETHER

Summary from the TLDR Crypto newsletter

German firm Northern Data is borrowing $600 million from Tether to expand its data center operations and bitcoin mining business. Proceeds will be used to enhance its Taiga Cloud, Ardent Data Centers, and Peak Mining. This follows Tether's subsidiary Damoon purchasing $427 million of NVIDIA GPUs for AI cloud computing. Despite a decline in market share this year, Northern Data recently pre ordered new mining technology worth $150 million.