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The operator of the largest mining farm in Texas plans an IPO of $ 500 million


Frankfurt-am-Main-based mining company Northern Data plans to raise $ 500 million in an initial public offering (IPO). He writes about this with reference to his own sources Bloomberg

The company is confident that the placement of shares on the stock exchange will expand the shareholder base and secure Northern Data’s status as a global player. Credit Suisse may be the organizer of the IPO. No specific dates have been named, no additional details are available.

Northern Data specializes in infrastructure solutions and high performance computing, including Bitcoin mining, blockchain, IoT, artificial intelligence and big data analytics.

The firm’s data center in Rockdale, Texas, is positioned as the world’s largest mining farm with a design capacity of 1 GW and an area of ​​57 football fields. To create it in November 2019, the company acquired Whinstone US

February 2020 Northern Data has entered into a strategic partnership with subsidiary of SBI Holdingswho became a resident of the data center.

Since 2015, Northern Data shares have been traded on the Deutsche Börse’s Xetra OTC market. Among the company’s shareholders Cryptobank Mike Novogratz Galaxy Digital.

As a reminder, ForkLog recently reported about capitalization records of public miners against the background of overcoming the price of bitcoin psychological bar $ 50,000

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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