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Bitcoin miner Northern Data eyes $16B IPO for US cloud and mining units

Northern Data, a prominent Bitcoin mining company, has announced its intention to launch an initial public offering (IPO) for its artificial intelligence (AI) division. This move aims to capitalize on the growing interest in both Bitcoin mining and AI technologies.

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Northern Data, a prominent Bitcoin mining company, has announced its intention to launch an initial public offering (IPO) for its artificial intelligence (AI) division. This move aims to capitalize on the growing interest in both Bitcoin mining and AI technologies.

The decision underscores Northern Data’s strategy to unlock value from its AI operations amid the booming cryptocurrency market. By offering shares in its AI unit through an IPO, the company seeks to attract investors looking to capitalize on the intersection of blockchain technology and artificial intelligence.

Northern Data has established itself as a leader in sustainable Bitcoin mining, leveraging renewable energy sources for its operations. The IPO initiative for its AI division represents a strategic pivot to diversify its business portfolio and capitalize on the expanding AI market.

The announcement comes amidst heightened investor interest in companies operating at the nexus of technology and finance. Northern Data’s dual focus on Bitcoin mining and AI positions it uniquely to benefit from both sectors’ growth trajectories.

As Northern Data prepares for its AI unit IPO, market analysts anticipate significant investor enthusiasm, driven by the company’s track record in technology innovation and its strategic positioning within the digital economy. The move is expected to provide Northern Data with additional capital to further enhance its AI capabilities and expand its footprint in emerging tech markets.

The IPO plans reflect Northern Data’s commitment to leveraging its technological expertise and market leadership to drive sustainable growth and shareholder value. With the cryptocurrency and AI sectors poised for continued expansion, Northern Data’s strategic initiative aims to capitalize on these trends and cement its position as a key player in the global tech landscape.

Investors and industry stakeholders are keenly watching developments surrounding Northern Data’s AI unit IPO, anticipating its potential impact on the company’s growth trajectory and its role in shaping the future of technology-driven industries.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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