Techub News reported that according to Bitcoin.news, German bitcoin mining company and data center operator Northern Data AG announced a 20% capital increase and plans to raise 214 million euros (about 233 million U.S. dollars) by issuing 10.7 million new shares.

The funds will be used to enhance the cloud platform and expand data centers in Europe and the United States, and invest in Nvidia GPU and AI infrastructure. The new shares will be listed on the Munich Stock Exchange.