Northern Data – DIGIT INFO

Northern Data wants to sell Peak Mining to invest in AI expansion

DIGIT — Mon, 21 Oct 2024 18:48:08 +0000

The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.

CleanSpark mined 445 Bitcoin in June, surpasses hash rate target

DIGIT — Wed, 03 Jul 2024 04:53:01 +0000

CleanSpark’s CEO Zach Bradford said his firm was setting its sights on increasing future hash rate instead of branching out to alternative revenue streams.

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Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation

DIGIT — Tue, 02 Jul 2024 08:02:25 +0000

Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation […]

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Bitcoin miner Northern Data yees $16B IPO for US cloud and mining units

DIGIT — Tue, 02 Jul 2024 05:11:22 +0000

Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025.

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Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas

DIGIT — Fri, 24 May 2024 17:08:05 +0000

According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining […]

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Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration

DIGIT — Thu, 21 Sep 2023 18:00:00 +0000

The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions.

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Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022

DIGIT — Wed, 21 Dec 2022 15:49:45 +0000

At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.

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Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets

DIGIT — Mon, 04 Apr 2022 17:30:01 +0000

On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March. […]

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Riot Blockchain Bitcoin production jumps 80% over pre-halving levels

DIGIT — Mon, 12 Apr 2021 16:20:00 +0000

The company said it held more than $94 million in crypto as of March 31, all from Bitcoin it has mined.

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Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO

DIGIT — Wed, 24 Feb 2021 05:30:30 +0000

While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States. Report: Sources Say Northern Data AG IPO […]

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