German Bitcoin mining and cloud computing company Northern Data AG is reportedly preparing for an initial public offering (IPO) in the United States, aiming for a valuation of up to $16 billion. The firm, Europe's largest Bitcoin miner by market cap, is looking to list its 'Taiga' and 'Ardent' entities on the Nasdaq in the first half of 2025. Additionally, Northern Data's Bitcoin mining business, Peak Mining, may also undergo a separate listing. Despite previous considerations for an IPO in February 2021, the company is now exploring this option further. With banks suggesting a valuation between $10 billion and $16 billion, Northern Data's plans are still subject to change. The company, which began as Northern Bitcoin AG in 2009, has since expanded into AI, following a trend among Bitcoin miners to diversify their operations. Read more AI-generated news on: https://app.chaingpt.org/news