Crypto miner Northern Data expects its cloud computing sales to more than triple this year

Crypto mining company Northern Data expects that the revenue of its high-performance computing (cloud computing) business may more than triple this year as it expands. The company said in a statement on Friday that it expects full-year sales of the cloud computing business to reach 200 million to 240 million euros (218 million to 262 million U.S. dollars), up from 77.5 million euros in 2023. It is reported that the company's main investor is stablecoin issuer Tether, and the company was previously one of the largest Ethereum mining companies. (Bloomberg)