The post Bitcoin miner Northern Data eyes $16B IPO for US cloud and mining units appeared on BitcoinEthereumNews.com.

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. German Bitcoin miner and cloud computing firm Northern Data AG is reportedly seeking an initial public offering for two of its entities in the United States at a valuation of up to $16 billion. According to a July 1 report from Bloomberg, citing people familiar with the matter, executives at Northern Data — Europe’s largest Bitcoin miner by market cap — have contacted several advisers about an IPO and are eyeing a potential listing in the first half of 2025. Under the current plan, Northern Data would list the “Taiga” and “Ardent” entities on the Nasdaq, which comprise its cloud computing and data center arms, respectively. Read more Source: https://cointelegraph.com/news/bitcoin-miner-northern-data-seeks-ipo-ai-unit

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Filed under: News - @ July 2, 2024 9:26 pm