🔥Hot News! Mining company Northern Data AG is actively negotiating with potential advisers for an IPO in the United States, with a valuation of up to $16 billion, according to people familiar with the matter! 💰💰

Northern Data has invited several potential advisers to bid and may appoint a lead bank in the coming months. According to current plans, Northern Data will list an entity consisting of its cloud computing business (called Taiga) and data center (called Ardent) on Nasdaq as early as the first half of next year. 💼💼

Banks have suggested a valuation of about $10 billion to $16 billion for the business. Northern Data may also sell a minority stake in the unit to investors before the listing. 📈📈

The deliberations are still ongoing, details may change, and the company may decide not to proceed with the strategic options it is considering. A representative for Northern Data declined to comment. 🤐🤐

Peak Mining, the company’s U.S.-based bitcoin mining arm, currently has nearly 700 megawatts of data centers under construction or development, according to a May statement from the company; this would make it one of the largest cryptocurrency mining companies in the U.S. 👏👏

Bitcoin, we’re bullish on you! 💪💪