Northern Data’s Subsidiary, Taiga Cloud, Invests $362 Million in Nvidia GPUs for AI Capabilities

Northern Data’s Subsidiary, Taiga Cloud, Invests $362 Million in Nvidia GPUs for AI Capabilities

Get ready for a groundbreaking investment in artificial intelligence (AI) capabilities! Northern Data’s subsidiary, Taiga Cloud, has just announced its recent acquisition of approximately 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs) worth a whopping $362 million. This significant investment will bolster Northern Data’s existing collection of AI-oriented hardware, following their previous acquisition of 10,000 Nvidia GPUs a few months ago. As part of their expansion, Taiga Cloud will be equipped with HPE Cray XD supercomputers, incorporating Nvidia-based GPUs to enhance their AI infrastructure. With their total investment in AI hardware now surpassing $800 million, Taiga Cloud is fast becoming a leading generative AI Cloud Service Provider in Europe. Not only is the company striving for innovation in AI, but it is also making waves in the bitcoin mining industry. Northern Data’s subsidiary, Peak Mining, is currently constructing a state-of-the-art mining facility in Grand Forks, North Dakota, set to be operational in early 2024. Stay tuned for more exciting developments from Northern Data as they explore new frontiers in both AI and bitcoin mining.

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Taiga Cloud’s Investment in Nvidia GPUs

Value of the investment

Taiga Cloud, a subsidiary of Northern Data Group, has recently made a significant investment in Nvidia GPUs to enhance its AI infrastructure. The acquisition of approximately 8,200 Nvidia H100 Tensor Core GPUs builds upon their previous acquisition of 10,000 units in September. This investment, valued at 330 million euros or $362 million, demonstrates Taiga Cloud’s commitment to staying at the forefront of the generative AI sector.

Enhancing AI infrastructure

By equipping Taiga Cloud with HPE Cray XD supercomputers powered by Nvidia H100 GPU Tensor Core GPUs, the company is taking significant steps towards bolstering its AI infrastructure. These purpose-built AI-native architecture systems enable hundreds and even thousands of nodes to work harmoniously to support the demanding workloads associated with generative AI technology. With this investment, Taiga Cloud now has access to over 18,000 Nvidia H100 Tensor Core GPUs, further solidifying its position as a leading generative AI Cloud Service Provider in Europe.

Collaboration with HPE

Taiga Cloud’s investment in Nvidia GPUs and its pursuit of cutting-edge AI technology aligns with the values and beliefs of Hewlett Packard Enterprise (HPE). This collaboration facilitates democratizing access to sustainable generative AI technology, which is crucial in today’s AI-driven landscape. By leveraging the expertise and resources of HPE, Taiga Cloud can continue to push the boundaries of what is possible in the AI domain, ultimately benefiting its clients and the larger AI community.

Taiga Cloud: A Leading Generative AI Cloud Provider

Investment in AI hardware

Taiga Cloud’s investment in Nvidia GPUs, totaling over 18,000 units and exceeding $800 million, showcases its commitment to providing state-of-the-art AI hardware to its clients. These powerful GPUs offer the computational capabilities necessary to handle complex AI workloads, allowing Taiga Cloud to deliver cutting-edge solutions to its customers. By continually investing in AI hardware, Taiga Cloud ensures that it remains a leading generative AI Cloud Service Provider, capable of meeting the evolving needs of the industry.

Achievement of carbon neutrality

In addition to its investment in AI hardware, Taiga Cloud has also achieved 100% carbon neutrality for its generative AI Cloud. Through the implementation of energy-efficient Power Usage Effectiveness (PUE) ratios below 1.2, Taiga Cloud minimizes its environmental impact while providing top-tier AI services. This commitment to sustainability sets Taiga Cloud apart and resonates with clients who prioritize environmentally conscious solutions. By operating a carbon-neutral AI Cloud, Taiga Cloud not only supports the advancement of AI technology but also contributes to a greener future.

Northern Data’s Bitcoin Mining Endeavors

Construction of mining facility in North Dakota

Northern Data’s subsidiary, Peak Mining, has undertaken the construction of a cutting-edge mining facility in Grand Forks, North Dakota. This 30-megawatt (MW) facility aims to leverage state-of-the-art direct-to-chip liquid-cooling technology, ensuring optimal mining performance and energy efficiency. With the construction set to be completed in the first quarter of 2024, Northern Data demonstrates its commitment to expanding its presence in the bitcoin mining sector and capitalizing on the vast potential of cryptocurrency.

Utilization of advanced mining technology

To maximize the efficiency of its mining operations, Northern Data’s mining facility will utilize Microbt’s advanced liquid-cooled M53S++ miners. These mining rigs boast impressive 18.5 J/TH efficiency, enabling Northern Data to achieve higher mining yields while optimizing energy consumption. By leveraging the latest advancements in mining technology, Northern Data sets itself apart from competitors and aims to become a leading player in the bitcoin mining industry.

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Parallel Development: AI and Bitcoin Mining

Expansion of bitcoin mining firms into AI sector

What makes Northern Data’s endeavors particularly intriguing is the parallel development of bitcoin mining and artificial intelligence. While traditionally seen as separate sectors, some bitcoin mining firms are now expanding into the AI domain. This convergence stems from the similarities between the computational requirements of both sectors. GPUs, which are essential for bitcoin mining, also play a crucial role in AI workloads. As a result, mining firms are capitalizing on their existing computational infrastructure to enter the rapidly growing AI market. This innovative approach highlights the interconnectedness and potential synergies between various technology sectors.

Conclusion

The investments made by Taiga Cloud and Northern Data in Nvidia GPUs demonstrate their commitment to leveraging cutting-edge technology for the advancement of AI and bitcoin mining, respectively. Taiga Cloud’s expansion of its AI infrastructure and collaboration with HPE solidify its position as a leading generative AI Cloud Service Provider. Meanwhile, Northern Data’s construction of a state-of-the-art mining facility and utilization of advanced mining technology showcase its dedication to the bitcoin mining industry. Furthermore, the parallel development of AI and bitcoin mining signifies the potential for cross-sector collaboration and innovation. As these companies continue to push boundaries and explore new opportunities, the future of technology looks increasingly promising.

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