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Bitcoin Mining Firm Northern Data Plans US Listing to Raise $500M: Report
The Germany-based firm owns the world’s largest cryptocurrency mining facility in Rockdale, Texas.
Updated Apr 10, 2024, 3:17 a.m. Published Feb 23, 2021, 1:07 p.m.
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Bitcoin mining firm Northern Data is said to be planning to list in the U.S. in order to raise up to $500 million.
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- Northern Data is in talks with Credit Suisse over the listing, which could take place later this year, according to a Bloomberg report on Tuesday citing people familiar with the matter.
- The Frankfurt-headquartered firm owns, among others, the world’s largest cryptocurrency mining facility in Rockdale, Texas, which has a planned capacity of 1 gigawatt by the end of 2021.
- Northern Data is already listed on Deutsche Börse's Xetra trading venue under the ticker NB2.
- Shareholders include Cryptology Asset Group, the investment company backed by Mike Novogratz and Block.One.
Read more: Argo Blockchain Gets Priority Access to ePIC’s Bitcoin Miner Production, Starts With $8M Buy
