According to Foresight News, Bitcoin miner Northern Data is reportedly considering an Initial Public Offering (IPO) in the United States as early as the first half of next year. The entity, which will be listed after merging with a cloud computing service named Taiga and its data center named Ardent, is estimated to be valued between $10 billion and $16 billion, as suggested by banks. Northern Data may also sell a minority stake in this department to investors before going public.
In previous news from Foresight News, Tether had arranged a credit of $610 million for Northern Data in November 2023 and purchased stocks of Northern Data AG in September 2023.