German police conducted a raid on the data center company Northern Data.

[German police conduct raid on data center company Northern Data] The Frankfurt public prosecutor's office announced on Friday that German police carried out a raid on the data center company Northern Data. A spokesperson for the agency declined to comment on the targets of the search or what the investigators were looking for. He stated that the public prosecutor's office would release more details on Monday. Northern Data initially provided computing resources for cryptocurrency miners, but with the increasing demand for artificial intelligence technology, the company has recently shifted to offering AI services. The major shareholder of Northern Data is Tether Holdings SA. Last month, Bloomberg reported that Rumble is considering an all-stock acquisition of Northern Data, valuing the target company at approximately $1.17 billion. (Bloomberg)

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