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Northern Data AG is studying the possibility of selling its crypto mining business to free up funds to expand its artificial intelligence business. Northern Data, whose main shareholder is stablecoin issuer Tether Holdings Ltd., said in a statement Monday that it will use the proceeds from the sale of Peak Mining to focus on its artificial intelligence solutions division. Affected by this news, Northern Data's share price rose by 12% at one point, and as of 12:06 pm Frankfurt time, the share pri...
On August 4th, Israel's benchmark TA-35 stock index fell as much as 2.7% on Sunday, the biggest drop in a week. The biggest decline was in dual-listed technology stocks, catching up with last Friday's U.S. stock market slump. Ronen Menachem, chief market economist at Mizrahi Tefahot Bank, attributed the stock market decline to Friday's sharp decline in U.S. stocks and "huge security tensions" in Israel, and he expected the market to continue to be very tense. Menachem said investors are vacillat...
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