Northern Data AG, a German Bitcoin miner and cloud computing firm, is reportedly planning an initial public offering (IPO) for two of its entities in the US, potentially valuing the company at up to $16 billion. The IPO, which could take place in the first half of 2025, would list the firm's cloud computing and data center arms, "Taiga" and "Ardent," on the Nasdaq. Northern Data's Bitcoin mining business, Peak Mining, might also see a separate listing. The company, founded in 2009, has expanded into the AI space as profit margins in the Bitcoin mining sector continue to thin.