Tether
Specialty finance lender based in San Salvador, El Salvador.
Tether, the San Salvador issuer of the USDT stablecoin, also invests in Bitcoin mining, AI and data infrastructure, and lends to companies it backs. In November 2023 Tether Group provided Northern Data an unsecured debt facility of up to EUR 575 million (about $610 million) to buy NVIDIA AI hardware for its Taiga Cloud business and expand its Ardent data centers.
Profile
| Type | Specialty finance |
| Headquarters | San Salvador, El Salvador |
| Website | tether.io |
| Coverage | International |
| Sectors | AI and GPU infrastructure, Data centers, Technology and IT equipment |
Sources: Tether, PR Newswire, The Block, Reuters via Yahoo Finance, Wikipedia.
GPU and data center financings
Public financings naming Tether, from the GPU Financing Tracker.
| Date | Borrower | Amount | Type | Role | Source |
|---|---|---|---|---|---|
| Nov 2, 2023 | Northern Data | $610M | Other | lead | PR Newswire / Northern Data |
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