Bitcoin mining operator Northern Data reportedly considering $500M IPO
Swiss investment bank Credit Suisse is reportedly backing German Bitcoin mining operator Northern Data in its $500 million IPO. Major European Bitcoin (BTC) mining company Northern Data is reportedly considering going public in the United States.Germany-based Northern Data is planning to raise up to $500 million in the initial public offering, or IPO, Bloomberg reported on Feb. 22. The company is working with Swiss investment bank Credit Suisse to proceed with the IPO, anonymous people familiar with the matter told the publication.According to the report, the company is considering....
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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 for $500 Million Is in the Works Recent reports say that Northern Data AG, the mining operation that mines bitcoin (BTC), is planning to IPO in the near future. Bloomberg reveals that “sources familiar with the matter” have told the publication that....
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement.
Northern Data AG Acquires Bitfield N.V. — Firm gains Immediate Access to Deployable ASIC Mining Rigs
The Bitcoin network hashrate is hovering just above the 140 exahash per second (EH/s) handle at the time of writing. Bitcoin mining has become....
These days are eventful ones for Bitcoin-lovers. And not just the ones who held on to their Bitcoins during the dark times get rewarded. Also, the Bitcoin mining industry is booming. Hidden giant is Germany’s Northern Data (listed on the German stock exchange; XETRA: NB2; ISIN: DE000A0SMU87), a leading provider of high-performance computing (HPC) solutions. Northern Data offers a full-service solution for Bitcoin Miners, from hardware purchase to data center operations. Today, the company announced […]
“We participate directly in the rising Bitcoin price“ Northern Data, the specialist in high-performance computing, is one of the world’s leading providers of infrastructure for Bitcoin mining and listed on the Frankfurt Stock Exchange (XETRA: NB2, ISIN: DE000A0SMU87). We spoke with founder and CEO Aroosh Thillainathan about the prospects for Bitcoin and the growth expectations for Northern Data. Mr. Thillainathan, Bitcoin is gaining more and more attention, not the least because of the enormous rise […]
The $650 million deal sees Riot Blockchain acquiring a major data center owned by Northern Data AG, one of its competitors. Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the U.S.-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced via a press release by Riot Blockchain on Thursday, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of about 12% of its stock to Northern DAG.Whinstone reportedly operates the single largest Bitcoin mining....