Bitcoin miner Northern Data plans IPO next year for its AI cloud computing and data center businesses

According to TechFlow, German Bitcoin mining company Northern Data AG plans to conduct an IPO in the United States, involving its AI cloud computing and data center business, with a valuation of between US$10 billion and US$16 billion, and is expected to be listed on Nasdaq in the first half of 2025. The company may sell a minority stake to investors before listing.