Data
Print
Tether Makes Strategic Investment into Northern Data Group – Set to Become the Biggest Independent AI Player in Europe

21 September 2023: Tether, the company behind the world's leading stablecoin, is pleased to announce its strategic investment into Northern Data Group through Damoon, a Tether group company. With an $83 billion market capitalization, Tether is expanding its reach beyond fintech, following recent investments in energy production, bitcoin mining, and communications technology. 

As the world anticipates the boundless opportunities driven by technological advancements, including blockchain, Generative AI, and scientific research, Northern Data Group emerges as a true pioneer. This investment is significant for Tether as it demonstrates its determination to support emerging technology. Tether recognizes Northern Data Group as a trailblazer in this domain and believes its commitment to resilient data storage and high-performance computing aligns perfectly with Tether's forward-looking perspective.

These investments not only embrace innovation but also uphold both companies' dedication to responsible financial stewardship, safeguarding the interests of their customers. Together, they aim to develop accessible solutions that benefit communities worldwide.

Tether looks forward to its collaboration with Northern Data Group on several initiatives that aim to leverage AI, peer-to-peer communications, and super-resilient data storage solutions, to develop accessible solutions globally and locally that service many communities already engaged with other Tether products.

"We are excited about this investment into Northern Data Group as it represents a fresh venture into new technological frontiers," said Paolo Ardoino, Tether's Chief Technology Officer. "This investment underscores our commitment to responsible growth and innovation while preserving the strength and integrity of Tether tokens’s reserves."

A media report from Forbes contained inaccuracies regarding Tether’s stake size in this investment. 

It is also important to note that these investments are separate from Tether's reserves disclosed in the CRR, ensuring they do not impact Tether's reserves or customer funds. Tether's expansion into new frontiers signifies a promising era of growth and sustainability that aligns with Northern Data Group's vision for the future.

latest news

Tether Awards Another $100,000 Grant to BTCPay Server Foundation, Reaffirming Its Commitment to Free and Open Source Software Development

8 May, 2025 – Tether, the largest company in the digital asset industry, has reinforced its commitment to the Free and Open Source Software (FOSS) movement with another $100,000 grant to the BTCPay Server Foundation. This marks the second consecutive year Tether has extended direct support to the Foundation, reaffirming its strategic mission to champion […]

Learn more
LINE NEXT and Kaia Expand Web3 and Stablecoin Adoption Across Asia Following the Launch of Tether’s USD₮ on Kaia Blockchain   

7 May, 2025 – Tether, the largest company in the digital assets industry today, announced it has created a native deployment of Tether’s USD₮ on the Kaia blockchain. LINE NEXT Corp., LINE’s venture dedicated to developing and expanding the Web3 ecosystem, and Kaia, a high-performance public layer 1 blockchain that exclusively powers the Mini Dapp […]

Learn more
Hadron by Tether Integrates Chainalysis, Sets New Standard for Compliant Tokenization

6 May, 2025 – Tether, the largest company in the digital assets industry, today announced another milestone in their strategic collaboration with Chainalysis, integrating Chainalysis’ compliance and monitoring tools into Hadron by Tether, Tether’s purpose-built platform for tokenizing real-world assets. This upgrade brings institutional-grade oversight to Hadron by Tether, further strengthening its position as a […]

Learn more
Read all news