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Bitcoin miner Northern Data pursues US$16bn IPO for cloud computing and data centre operations

This valuation, which could reach up to ten times Northern Data's current market capitalisation, underscores the insatiable investor appetite for artificial intelligence (AI) and cloud computing stocks.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

July 08, 2024 | 9:36 PM BST

Bitcoin miner Northern Data pursues US$16bn IPO for cloud computing and data centre operations

Aroosh Thillainathan Group Founder, CEO and Chairman of the Management Board at Northern Data Group

The Tech Capital

Northern Data AG is reportedly exploring strategic options including an initial public offering (IPO) on the Nasdaq exchange for a combined entity encompassing its cloud computing endeavours, codenamed "Taiga," and its data centre operations, dubbed "Ardent."

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João Marques Lima

Founder and Editor, The Tech Capital

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