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 price was up 9.8%.