Institutional Investments in the Cryptocurrency Industry: Northern Data and Anthropic Secure Significant Funding from Tether and Google

The extraordinary surge in interest from institutional investors in the cryptocurrency space is affirmed by two significant events: Northern Data secures €575 million in credit financing from Tether, while Anthropic signs an agreement with Google for investments up to $2 billion.

Northern Data, a German Bitcoin miner, has announced an agreement with Tether to secure €575 million in credit financing. These funds will be directed towards acquiring equipment for Taiga Cloud, a division of Northern Data that provides cloud computing services for generative artificial intelligence (AI) projects in Europe. Additionally, the company plans to expand data centers under the Ardent Data Centers brand, enhancing its infrastructure for more efficient Bitcoin mining. This event underscores the growing interest of cryptocurrency companies in institutional investments and strengthens Northern Data's position in the Bitcoin mining sector.

IBM has declared the launch of the IBM Enterprise AI Venture Fund with a total investment volume of $500 million. The fund is focused on supporting artificial intelligence (AI) projects globally. The organization intends to invest in current and future leaders in the AI field, assisting enterprises in harnessing the potential of technology to optimize business processes. Rob Thomas, Vice President of Software and Commercial Director at IBM, emphasized that the fund will utilize the watsonx platform, launched in May, to aid companies in integrating AI into their data management operations. This event signifies that major corporations are increasingly dedicating attention and investments to the development of artificial intelligence.

An article in the Wall Street Journal (WSJ) reveals that Google has committed to investing up to $2 billion in the startup Anthropic, founded by former OpenAI employees Daniel and Dario Amodio. The agreement includes an initial funding of $500 million and an additional $1.5 billion in the future. Anthropic, engaged in AI research, attracts attention from major players, starting with Google's investments in February and the support from Spark Capital in March, highlighting the demand and prospects for AI technologies.

The subsidiary of Standard Chartered Bank (SC Ventures) and the Japanese conglomerate SBI Holdings join forces to establish a company in the United Arab Emirates with a capital of $100 million. This company will specialize in investments in cryptocurrency projects. This joint venture underscores the interest of traditional financial institutions in cryptocurrency startups, potentially contributing to further innovations in blockchain and digital assets in the UAE and on a global scale.