Will tether buy H100 GPUs for $420 million?

H100 GPUs for $420 million. The deal includes a 20% stake in German-listed bitcoin miner Northern Data, which intends to rent the chips to artificial intelligence (AI) startups. Tether will acquire 10,000 GPUs through an Irish shell company, Damoon. Also Read: Tether To Unleash $1B Liquidity Flood On Tron Network For Imminent Issuance Demands

Will tether buy Nvidia H100 chips?

In the race of startups to acquire Nvidia’s H100 chips, Tether gets lucky to grab 10,000 chips through Bitcoin miner Northern Data. The deal comes amid Tether looking to diversify investments beyond stablecoins. H100 GPUs for $420 million.

Is Nvidia grabbing 2% of the high-demand GPU allocation?

Thillainathan states that grabbing 2% of the high-demand GPU allocation was rare for the company. Investment in GPUs and cloud computing is a recent trend followed by many countries. The British government has apparently allocated $120 million for GPUs, while Saudi Arabia has already purchased around 3,000 of Nvidia’s H100 chips.