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

[Oct 21 6:48 PM] The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.

Bitcoin Miner Northern Data Moves to Dismiss Ex-Employees’ Whistleblower Suit

[Jul 16 12:57 PM] European bitcoin mining firm Northern Data is pushing back against a whistleblower suit filed by two former executives of the company who say they were wrongfully terminated after raising concerns about the company’s financial health and alleging…

Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud

[Jul 5 11:02 AM] Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.

CleanSpark mined 445 Bitcoin in June, surpasses hash rate target

[Jul 2 10:53 PM] CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.

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

[Jul 2 2:02 AM] 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…

Bitcoin miner Northern Data mulls IPO for its AI unit: Report

[Jul 1 11:11 PM] 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.

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

[May 24 11:08 AM] 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…

Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment

[Nov 29, 2023 12:15 PM] On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units…

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

[Sep 21, 2023 12:00 PM] The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions.

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

[Sep 21, 2023 9:09 AM] Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

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

[Dec 21, 2022 9:36 AM] At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.