Northern Data AG plans to sell Peak Mining crypto business to focus on AI Solutions sector.

Northern Data AG is contemplating selling its Peak Mining crypto business to concentrate on its AI Solutions sector. This strategic shift aims to enhance its position as a leader in Europe's Generative AI Cloud platform and innovative data centers. The decision follows notable growth in its AI earnings. CEO Aroosh Thillainathan affirmed the company's ongoing commitment to blockchain technology while seeking a suitable steward for the mining operations.

October 21, 2024
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