German Bitcoin mining and cloud computing company Northern Data AG is planning an IPO of two of its US units at a valuation of up to $16 billion. Executives at Northern Data, Europe's largest Bitcoin miner, are discussing the possibility of an IPO in the first half of 2025, according to Bloomberg. The Taiga and Ardent units will be listed on Nasdaq. A separate listing could also occur for the company's Bitcoin mining business, Peak Mining. Plans may change and Northern Data may pull out of the IPO. 📉