United

Bitcoin

DeFi

Northern

Billion

<div class="intro-text">
 German Bitcoin mining and cloud computing firm Northern Data AG is reportedly planning an initial public offering (IPO) in the United States, with ambitions to achieve a valuation of up to $16 billion.
</div>
This information comes from<a style="color: #0000ff;" href="https://www.bloomberg.com/news/articles/2024-07-01/northern-data-weighs-ai-unit-us-ipo-at-up-to-16-billion-value" rel="noopener noreferrer nofollow"> a Bloomberg report</a> published on July 1, citing sources familiar with the matter.
According to the report, executives at Northern Data, Europe’s largest Bitcoin miner by market capitalization, have begun discussions with several advisors regarding the IPO. The company is considering listing its “Taiga” and “Ardent” entities, which encompass its cloud computing and data centre operations, on the Nasdaq in the first half of 2025.
The IPO is expected to value the entity between $10 billion and $16 billion. Bloomberg’s sources suggested that the Frankfurt-headquartered company might sell a minority stake in the unit to investors ahead of the listing.
Northern Data’s shareholder base includes notable figures such as Galaxy Digital founder Mike Novogratz, as well as investment firm Cryptology Asset Group and EOS developer Block.one.
This isn’t Northern Data’s first attempt at a U.S. listing. In February 2021, the company<a style="color: #0000ff;" href="https://www.bloomberg.com/news/articles/2021-02-22/bitcoin-mine-operator-is-said-to-plot-dual-listing-via-u-s-ipo" rel="noopener noreferrer nofollow"> reportedly</a> explored the possibility of listing its cryptocurrency mining business through an IPO in the U.S. At that time, it collaborated with Swiss investment bank Credit Suisse; however, the plan did not materialize.
This development aligns with the ongoing expansion and evolution of the cryptocurrency mining sector, with major players seeking to capitalize on market opportunities and optimize their operations in an increasingly competitive landscape.
In related industry news, Bitcoin mining company Bitfarm recently<a style="color: #0000ff;" href="https://defi-planet.com/2024/06/bitfarms-to-build-major-120-megawatt-bitcoin-mining-facility-in-the-u-s/" rel="noopener noreferrer nofollow"> announced</a> plans to construct a 120-megawatt mining infrastructure in Sharon, Pennsylvania. According to the company, the proposed location—within the Pennsylvania-New Jersey-Maryland Interconnection (PJM)—is strategic, as it provides access to a competitive electricity supply. Bitfarm claims it will allow it to optimize its corporate electricity costs and diversify revenue streams.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/07/europes-largest-bitcoin-miner-northern-data-considering-a-u-s-ipo-in-2025-aims-for-16-billion-valuation/" rel="noopener noreferrer nofollow">Europe’s largest Bitcoin Miner, Northern Data, Considering a U.S. IPO in 2025, Aims for $16 Billion Valuation</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Europe’s largest Bitcoin Miner, Northern Data, Considering a U.S. IPO in 2025, Aims for $16 Billion Valuation

DeFi Planet

2024년 7월 2일에 게재된 다른 기사

Ripple Moves 1 Billion XRP from Escrow: A Sign of XRP Lawsuit Settlement?

Aethir Achieves Significant Milestones in Its Launch Month, Is ATH the Next RNDR?

Bitcoin, Ethereum, Dogecoin Stay Rangebound On Mt. Gox Anxiety: King Crypto Must Reclaim $64K For...

MiCA Regulation: Circle Execs Reveal How This Will Impact Crypto Market

SHIB Payments Now Accepted by Kronos Advanced Technologies

Investors Anticipate July for Altcoin Performance

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!