Northern Data Group reported a decrease in net revenue to €77.5 million for the 2023 fiscal year, with 2,298 BTC mined. The company's total income dropped to €111.0 million, attributing the decline to investments in HPC applications. Despite a negative adjusted EBITDA of -€5.5 million, Northern Data anticipates revenue growth to €200 million in 2024 and €520 million in 2025. The firm plans to invest in Bitcoin mining and expand its data center footprint. Peak Mining, the company's Bitcoin activities, generated significant revenue alongside cloud services. With plans for an IPO in the US, Northern Data aims to capitalize on its position as Europe's largest Bitcoin miner. In other news, Arkham's tracker revealed zero Bitcoin holdings for the German government, and regulatory challenges were discussed by Taurus Co-Founder Lamine Brahimi. DWS predicts increasing interest from crypto investors. Disclaimer: CryptoSlate provides information, not investment advice. Conduct your own research before trading cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news