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      Tether Invests in Tenstorrent's $1.5 Billion Funding Round to Enhance AI Computing Access

      Tether, the issuer of the widely used stablecoin, has invested in AI chip developer Tenstorrent as part of a $1.5 billion Series E funding round. This investment, made through Tether Capital, values Tenstorrent at $6.2 billion, marking a significant increase from its previous valuation of $2 billion during its Series D round in December 2024.

      The funding round, announced on October 19, 2026, was led by Trace Capital and Innovation X, with participation from notable financial firms including ARK Invest and Fidelity Management. Tenstorrent plans to utilize the capital to scale production of its Galaxy servers, advance AI and CPU technology, and expand its global commercial operations. The Galaxy servers, which incorporate multiple AI chips, are already in use by major clients such as Samsung and LG.

      Tether's investment aligns with its strategy to decentralize AI computing power, aiming to lessen reliance on major cloud providers that dominate the AI infrastructure market. This move signifies Tether's broader ambitions beyond the cryptocurrency sector, positioning itself as a significant player in technology investments. The diverse mix of investors backing Tenstorrent, including traditional asset managers and crypto-focused firms, reflects a growing interest in the intersection of AI and cryptocurrency.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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