Golden Finance reports that sources reveal the raid on Northern Data AG's offices last week was part of a criminal investigation, focusing on whether the company illegally declared a tax relief of approximately 500 million euros (about 586 million dollars) for high-performance computing chips.
Informed sources indicate that European prosecutors are reviewing Northern Data's purchase of graphics processing units (GPUs) for a project in northern Sweden. They are investigating whether Northern Data, backed by the stablecoin issuer Tether Holdings SA, obtained tax breaks by claiming these chips were for artificial intelligence when, in fact, they were used for cryptocurrency mining.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether invests across industries in AI sleep technology! Leads a $50 million investment in Eight Sleep, with valuation soaring to $1.5 billion
Tether leads a $50 million funding round for AI sleep technology startup Eight Sleep, which is valued at $1.5 billion. The two parties will collaborate to develop AI-based health products, with Tether integrating data through the privacy health platform QVAC, aiming to achieve passive health monitoring. Tether's investments have expanded into fields such as gold, media, and biotech, demonstrating its diversified development strategy.
動區BlockTempo5h ago
Tether Invests $50 Million in Sleep Tech Startup Eight Sleep at $1.5 Billion Valuation
Tether, the issuer of the $183 billion USDT stablecoin, has invested $50 million in sleep technology company Eight Sleep at a $1.5 billion valuation, marking the latest expansion of the stablecoin firm's venture portfolio beyond crypto infrastructure.
CryptopulseElite5h ago
Tether leads AI sleep technology company Eight Sleep's $50 million funding round, valuing it at $1.5 billion
Tether leads $50 million funding round for Eight Sleep, valuing the company at $1.5 billion, focusing on sleep health products. The two parties will collaborate on developing AI-driven health technology, with Eight Sleep planning to launch an AI agent to optimize sleep experiences and advance related FDA filings.
GateNews6h ago
German robotics startup Neura has completed approximately 1 billion euros in funding, with Tether participating in the investment
German robotics startup Neura Robotics is raising approximately €1 billion in funding, with Tether Holdings SA participating in the investment to support AI-driven humanoid robot development. The company is valued at around €4 billion, with recent orders nearing $1 billion, and its clients include several well-known enterprises.
GateNews9h ago
Tether Puts $50M Into Eight Sleep, Pushing Valuation to $1.5B
_Tether led a $50M funding round in Eight Sleep, valuing the sleep tech company at $1.5B and integrating its QVAC AI platform._
Tether Investments has led a $50 million funding round in Eight Sleep. The deal, announced on March 4, 2026, values the sleep technology company at $1.5 billion.
Eigh
LiveBTCNews15h ago
European banking giants join forces: Can the euro stablecoin reshape the global crypto landscape?
The article discusses the background and significance of the Qivalis alliance launching a euro-pegged stablecoin, marking Europe's banking system's response to on-chain finance and aiming to counter the influence of dollar stablecoins. The alliance consists of 12 major banks, emphasizing a robust reserve mechanism to attract institutional investors and promote the application of stablecoins in the digital asset space. The article suggests that future on-chain finance may evolve into a multi-sovereign clearing structure, rather than being centered solely around the US dollar.
PANews21h ago
