Golden Finance reported that Northern Data AG is negotiating with potential advisers about a joint project of its artificial intelligence cloud computing and data center business for an initial public offering (IPO) in the United States, which could be valued at up to $16 billion, according to people familiar with the matter. The company has invited several potential advisers to bid and may appoint a lead bank in the coming months, people familiar with the matter said. They said that 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. People familiar with the matter said that banks 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, people familiar with the matter said. People familiar with the matter said that deliberations are still ongoing, details may change, and the company may decide not to proceed with the strategic options being considered. 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. That would make it one of the largest cryptocurrency mining companies in the country.