Tether Amplifies Investment in Bitcoin Mining with Major Debt Facility to Northern Data AG!
Is it another signal for the next crypto bull run? In an ambitious move within the crypto mining sector, the Tether Group, which is behind the USDT stablecoin, has fortified its commitment to Bitcoin mining. It has issued a substantial debt facility to Northern Data AG, a leading German Bitcoin mining firm. The publicly traded mining behemoth has secured a whopping €575 million debt financing from the Tether Group, set to mature on January 1, 2030.