Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups (Iain Martin/Forbes) 22-09-2023

Iain Martin / Forbes:
Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups — A $40,000 computer chip has become one of the hottest commodities in the tech industry. Startups are scrambling to buy up Nvidia’s H100 …