Tether has invested a whopping $420 million to purchase thousands of GPU chips for a German crypto mining firm through an Irish shell company.
Tether’s $420M Investment
Tether Holdings, the crypto company renowned for its $86.5 billion stablecoin Tether (USDT), has entered the AI tech arena with a hefty investment. The company recently made a significant purchase of 10,000 Nvidia H100 GPUs, a coveted hardware asset in the AI sector, for a staggering $420 million. These GPUs are in high demand for their prowess in heavy-duty data processing, a vital component in artificial intelligence applications.
Tether’s Stealthy Move
While Tether has not made an official announcement about this strategic investment, Forbes broke the story based on insights from Northern Data and its executives. According to Forbes’ report, Tether’s $420 million acquisition comprises 100,000 Nvidia H100 GPUs, constituting approximately 2% of Nvidia’s projected GPU shipments for the year.
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We współpracy z: https://cryptodaily.co.uk/2023/09/tether-bets-big-on-ai-tech-through-cloud-gpus
