Northern Data Group plans to divest its cryptocurrency mining business, Peak Mining, focusing instead on artificial intelligence (AI) and high-performance computing (HPC). The divestment will depend on market conditions, and the company has begun talks with interested parties. If successful, proceeds will enhance AI capabilities and acquire more AI graphics processing units. Northern Data's major shareholder, Tether, owns about 46% of the company and has invested heavily in it. The company aims to list on the Nasdaq in 2025, with its cloud computing and data center branches remaining after the divestment. In the third quarter, Northern Data reported earnings of 59 million euros, mainly driven by AI and HPC, indicating a commitment to expanding in these sectors.

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