European authorities are investigating Northern Data AG over allegations of tax incentive fraud related to the purchase of $568 million worth of high-performance GPUs, according to data-analytics-id=”inline-link” href=”https://www.bloomberg.com/news/articles/2025-10-01/european-prosecutors-probe-northern-data-s-500-million-gpu-buy” target=”_blank” data-url=”https://www.bloomberg.com/news/articles/2025-10-01/european-prosecutors-probe-northern-data-s-500-million-gpu-buy” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none”>Bloomberg. The criminal investigation aims to determine whether the company misrepresented its GPU usage and utilized the data center for cryptocurrency mining rather than performing AI-related computing. However, while it makes sense to procure 10,000 H100 GPUs at a discount, it does not make sense to use them for mining.
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