German police raided the data center company Northern Data, which supports Tether.

PANews, September 26 - According to Bloomberg, the Frankfurt prosecutor's office announced on Friday that the German police conducted a raid on the data center company Northern Data AG. A spokesperson for the agency declined to comment on the target of the search or what the investigators were looking for. He stated that the prosecutor's office would release more details on Monday. Northern Data initially provided computing resources for cryptocurrency miners, but with the increasing demand for artificial intelligence technology, the company has recently shifted to offering AI services. The major shareholder of Northern Data is Tether Holdings SA. Last month, Bloomberg reported that Rumble is considering an all-stock deal to acquire Northern Data, which values the target company at approximately $1.17 billion.