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Nalezeno "Northern Data": 31

Northern Data Considers Selling Crypto Mining Unit to Fund AI Venture

22.10.2024
Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use...

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

21.10.2024
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

16.7.2024
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 tax evasion

Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether

15.7.2024
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States. Bitcoin Miner...

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

5.7.2024
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

3.7.2024
CleanSpark’s CEO Zach Bradford said his firm was setting 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

2.7.2024
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 an entity combining its AI cloud computing and data...

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

2.7.2024
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

24.5.2024
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 location acquired by the firm in December 2023. Peak...

Prepare for a North American Bitcoin Mining Infrastructure Boom + More News

15.12.2023
Source: AdobeStock / thodonal Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Prepare for the Next Bitcoin Mining Infrastructure Boom – BlocksBridge Consulting Bitcoin Miner Marathon...

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

29.11.2023
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 (GPUs). These newly acquired units will complement...

Today in Crypto: US Treasury Sanctions Crypto-Using Russian Money Launderer, Northern Data Expects Loss and May List Cloud Unit

6.11.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Crime news The US Department of Treasury sanctioned Ekaterina Zhdanova, an alleged Russian money launderer who reportedly helped...

Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree

3.11.2023
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern...

Tether issues $610M debt financing to Bitcoin miner Northern Data

2.11.2023
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives

Northern Data Secures $610 Million Debt Financing from Tether as New ASIC Technology Makes Mining Profitable Again

2.11.2023
Northern Data AG, Europe’s largest Bitcoin mining company, has secured a debt financing facility of around $610 million from a company within the Tether Group amid advancements in ASIC technology that have made mining profitable again. The loan agreement, which has a term until January...

Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech

22.9.2023
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt...