Northern Data plans to sell its cryptocurrency mining business.

Bitcoin mining company Northern $Data AG is exploring the possibility of selling its cryptocurrency mining business to free up funds for expanding its artificial intelligence operations. The main shareholder of Northern $Data is the stablecoin issuer Tether, which stated that it will use the proceeds from the sale of Peak Mining to focus on its artificial intelligence solutions division. Following this news, Northern $Data's stock rose by as much as 12%, and as of 12:06 PM Frankfurt time, the stock was up 9.8%.