Northern Data secures €575 million in debt financing for business expansion!

The post Northern Data secures €575 million in debt financing for business expansion! appeared first on Coinpedia Fintech News

Northern Data AG, a German technology company, has secured a €575 million ($667 million) debt financing facility with the Tether Group to invest in its three business lines: Taiga Cloud, Ardent Data Centers, and Peak Mining. The funds will be used to acquire additional hardware for the Taiga Cloud, expand the portfolio of data centers for Ardent Data Centers, enhance existing operations, and scale the bitcoin mining operations of Peak Mining. The unsecured loan has a term until January 1, 2030, and will enable Northern Data Group to further invest and expand its offerings in Europe.