✉news BusinessCrypto first seen 12 h ago, last 8 h ago, peak #21
FTX-linked Bitcoin mining firm pivots to AI with €800 million raise
Original: FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI
Northern Data, the company behind a Bitcoin mining venture once backed by FTX, has raised €800 million to expand into artificial intelligence computing. The funding gives new life to a business that collapsed into FTX's bankruptcy, as the group shifts from crypto mining toward AI data infrastructure amid surging demand for computing power.
Why now: The FTX connection and the pivot from crypto mining to AI infrastructure make the funding round newsworthy for both crypto and tech audiences.
Evidence
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