Northern Data Group has confirmed a €575 million ($ 610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern Data’s cloud services and hardware capabilities, focusing on generative AI …
Stars Arena, an on-chain social app built on the Avalanche blockchain, suffered a $ 2.9 million hack Saturday, when hackers took advantage of a vulnerability in its smart contract, draining funds. Stars Arena’s team has already announced that it has secured the funds to close the gap and will complete a full security audit …
Paris-based Bubblemaps, a firm specializing in blockchain data visualization, announced on Monday that it had secured $ 3.2 million in seed funding from a group of investors. Bubblemaps stated that the newly acquired funds would be directed toward a mission to increase access to blockchain data, serving both individuals and institutions. Bubblemaps Raises $ …
The Nigerian Web3 startup Nestcoin has reportedly secured a total of $ 1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse on Nestcoin The Nigerian Web3 startup Nestcoin recently secured $ …
Utah-based Nodal Power, which specializes in turning landfill gas into energy for powering bitcoin (BTC) mining hubs, recently announced a successful $ 13 million seed round backed by strategic investors. Bryan Black, Nodal’s CEO, stressed the technology’s “potential to make a significant impact on local energy markets.” Nodal Power Raises $ 13M to …