Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment

On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement Northern Data’s current collection of artificial intelligence (AI)-oriented hardware, following their previous acquisition of 10,000 Nvidia GPUs in September.

Taiga’s $362M Nvidia AI Boost; Northern Data Launches Liquid-Cooled Bitcoin Mining Site

In a continuous stride towards growth in the generative AI sector, Northern Data Group and its subsidiary, Taiga Cloud, announced on November 29 another noteworthy expansion. Taiga Cloud has enhanced its AI infrastructure through the procurement of additional Nvidia-based GPUs.

The expansion includes equipping Taiga Cloud with HPE Cray XD supercomputers, furnished with Nvidia H100 GPU Tensor Core GPUs. This latest acquisition, valued at 330 million euros or equivalently $362 million, was facilitated by Hewlett Packard Enterprise (HPE). The company had previously acquired 10,000 Nvidia units in September.

“Taiga and HPE share similar beliefs and values, which are aligned to democratizing access to cutting-edge sustainable generative AI technology,” Karl Havard the managing director of Taiga Cloud said in a statement. “We understand that AI workloads require purpose-built AI-native architecture where hundreds and even thousands of nodes work together in concert to support a single workload.”

The recent announcement highlights Taiga’s ascendancy as a frontrunner among Europe’s generative AI Cloud Service Providers. Taiga’s investment in AI hardware exceeds $800 million, granting them “access to over 18,000 Nvidia H100 Tensor Core GPUs.” Additionally, Taiga revealed its generative AI Cloud’s achievement of 100% carbon neutrality, maintained through energy-efficient Power Usage Effectiveness (PUE) ratios below 1.2.

In a parallel development, Northern Data is advancing its bitcoin mining endeavors. Its subsidiary, Peak Mining, has commenced the construction of a 30-megawatt (MW) mining facility in Grand Forks, North Dakota. The project, which began this month, is on track to be operational in the first quarter of 2024. The facility, boasting state-of-the-art direct-to-chip liquid-cooling technology, will utilize Microbt‘s advanced liquid-cooled M53S++ miners.

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