Northern Data AG and Whinstone US Inc., have announced a strategic cooperative relationship with SBI Crypto Co., Ltd., a wholly-owned subsidiary of SBI Holdings Inc., as regards blockchain technology.
According to a press release, this move is for the betterment of the blockchain industry.
Both parties have observed areas of strategic development, comprising projects related to blockchain technology infrastructure and joint software development and deployment.
According to CEO of Northern Data AG, Aroosh Thillainathan, they are happily to have SBI as an incredible partner and as one of the topmost International technology and financial holding companies by their side.
“With its activities to date, SBI Holdings has impressively illustrated its leadership in the arising crypto and blockchain industry.
“This partnership gives us the potential to thrive sooner by joining forces.”
Carson Smith, CEO of SBI Crypto, added that SBI has been planning with Whinstone and Northern Data for the Texas mining farm since early 2019.
Now, the results are there to show for it and the relationship continues to strengthen.
About Northern Data
Northern Data offers solutions both stationary in large data centers and in mobile containers, which can be located at any location worldwide.
In doing this, it blends self-developed software and hardware with intelligent concepts for sustainable energy supply.
In Texas, Whinstone is currently building the largest data center in the USA and, at the same time, the world’s largest Bitcoin mining facility.
The HPC data center infrastructure built by Northern Data Group is designed to be used not only for blockchain applications but also for numerous other industries, such as game streaming, artificial intelligence, and autonomous driving.
SBI Crypto Co., Ltd., a subsidiary of the SBI Group, is into cryptocurrency mining activities.
The SBI Group was established in 1999 as a pioneer of Internet-based financial services in Japan.
Since then, the SBI Group has formed the world’s first Internet-based financial conglomerate, providing financial services in a broad range of fields including securities, banking and insurance.
Furthermore, the SBI Group gives Asset Management Business, with a primary focus on investment in venture companies.
In this domain, the SBI Group has made focused investments in the IT and biotechnology sectors, which are the 21st-century growth industries.
Currently, the development of new technologies is accelerating within FinTech, IoT, AI, Big Data and related fields thus attracting global attention.
The SBI Group is proactively investing in venture companies within these fields.