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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