NORTHERN DATA EYES IPO IN 2025
Northern Data, Europe's largest Bitcoin miner, is considering an initial public offering (IPO) in the US next year. The company is reportedly in talks with advisors to list its combined AI cloud computing and data center businesses, which could value the entity between $10 billion and $16 billion.
THE COMPANY'S PLANS
This move comes after Northern Data previously considered separate IPOs for its cloud unit and Bitcoin mining operations. The news has sent the company's shares surging over 5% on the XETRA stock exchange.
THE FUTURE OF CRYPTOCURRENCY AND AI
This development highlights the growing interest in cryptocurrency and AI, with Northern Data having recently collaborated with Tether on initiatives related to AI, peer-to-peer communications, and data storage solutions.