Northern Data's cryptocurrency mining division is nearing the completion of an acquisition

ChainCatcher news, according to Bloomberg, Northern Data AG is expected to complete the sale of its cryptocurrency mining business, hoping to take advantage of the rising Bitcoin market to profit. Northern Data's Chief Financial Officer Elliot Jordan stated that the company has hired bankers to invite bidders to submit offers and is currently reviewing various proposals. Jordan told investors, "Clearly, now is the best time to sell this business." The main shareholder of Northern Data is the stablecoin issuer Tether, which is seeking to free up funds to expand its artificial intelligence services business.