Northern Data ( Company working in the field of High-Performance Computing and specialised in building the infrastructure for blockchain applications) announced a strategic cooperative partnership with SBI Crypto Ltd. (a subsidiary of Japan-based SBI crypto engaged in crypto mining activities) in the field of applied blockchain technology and cryptocurrency.
What Does New Partnership Hold?
Many strategic fields have been identified under the latest partnership, which includes the projects related to the infrastructure of blockchain technology and joint development and deployment of software. SBI Crypto is also getting an opportunity to stand out for probable equity participation in Northern Data.
SBI Crypto will be one of the first enterprises which will be hosted at Northern Data’s latest data centre in Texas (delivery from March 2020).
According to Aroosh Thillainathan, CEO of Northern Data, the partnership has the potential to grow the emerging crypto and blockchain industry as it may increase the rate of the mining process. While according to the CEO of SBI Crypto, Carson Smith, the relationship with Northern Data for Texas mining farm will benefit the ecosystem of cryptocurrency and will bring the new investments due to Northern Data’s high-performance computing infrastructure.
High-Performance Computing Holds The Future Of Crypto Mining
SBI crypto which is significantly dedicated in the operations of crypto mining would be benefited as it will be cooperating with high-performance Computing infrastructure builders, Northern Data AG. As the mining process of bitcoins requires the upgraded equipment to dig the blocks, the recent announcement holds the potential to ease out the mining process as well.
Northern Bitcoin which changed to Northern Data AG shifted away from the process of Bitcoin mining in past years and instead operated mines for large investors. The strategic cooperations hold the position of a propeller in the cyber landscape. The latest announcement can mark the entry of notable institutional investors in the world of crypto mining.