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    Home ยป Northern Data a Giant in the Bitcoin Mining Industry Plans to Go Public for the First Time in the United States
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    Northern Data a Giant in the Bitcoin Mining Industry Plans to Go Public for the First Time in the United States

    By adminJul. 2, 2024No Comments2 Mins Read
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    Northern Data a Giant in the Bitcoin Mining Industry Plans to Go Public for the First Time in the United States
    Northern Data a Giant in the Bitcoin Mining Industry Plans to Go Public for the First Time in the United States
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    According to reports, the German Bitcoin mining and cloud computing company Northern Data AG is preparing for an Initial Public Offering (IPO) in the United States, with the company’s valuation potentially reaching up to 1.6 billion dollars. Based on a report from January 1st, Bloomberg reported that executives from Northern Data, the largest-valued company, have been in contact with advisors, planning to go public in the first half of 2025. Northern Data plans to list its cloud computing and data center divisions, Taiga and Ardent, on NASDAQ. In addition, its BTC mining subsidiary Peak Mining may undergo a separate listing. Discussions with banks indicate a valuation between 1 and 1.6 billion dollars, although these plans are still under review and subject to change. Northern Data had previously considered an IPO for its US cryptocurrency mining business as early as February 2021, but the plan did not materialize. Read more:

    Germany continues Bitcoin sales Northern Data AG was established in Germany in 2009, initially named Northern Bitcoin AG, and has now become a major player in the cryptocurrency and cloud computing fields. Initially focused on extracting Ethereum, the company’s mining division shifted its focus to Bitcoin following ETH’s transition from Proof of Work (PoW) to Proof of Stake (PoS) in August 2022. With the profit margins in the BTC mining industry continually shrinking, Northern Data, along with other mining companies such as Core Scientific, TeraWulf, and Hut 8 Corp, has expanded its business into the artificial intelligence sector. With strong support and focus on cryptocurrency and artificial intelligence, Northern Data aims to position itself as a leading structure in the future of financial and computational technology.

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