Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue […]
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The broker initiated coverage of the stock with a buy rating and 60 euro price target.
The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.
Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.
CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.