Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in St...
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....
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Northern Data believes the acquisition will position it as a leading mining firm globally. Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield. According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of roughly $460 million. Northern Data will acquire an equity interest of between 86% and 100% in Bitfield as per the agreement.Northern Data claims it has become “a leading global Bitcoin mining company” through the acquisition, with....
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 […]
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....
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....
Northern Data, a multinational company seeking to bring radical change through unprecedented innovation and ideas in high-performance computing (HPC), is rapidly advancing its expansion efforts. In a recent press release, the Germany-based corporation has announced an upcoming partnership with the State of Oklahoma in its latest endeavor. Northern Data and Oklahoma will leverage their collaboration […]