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Europe's largest Bitcoin miner Northern Data to launch IPO in the US

Europe's largest Bitcoin miner Northern Data to launch IPO in the US
Northern Data is set to go public in a US IPO during the first half of 2025 at a valuation between $10 billion and $16 billion.

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Europe's largest Bitcoin miner, Northern Data AG, has announced plans for a substantial initial public offering (IPO) in the US at a valuation between $10 billion and $16 billion. The IPO, scheduled for the first half of 2025, will be held on the Nasdaq stock exchange and may also include selling a minority stake to investors prior to the public listing. The company's shares on the XETRA stock exchange surged by over 5% following the announcement, reaching €25, indicating strong investor confidence in the company's future prospects. Northern Data has diversified its operations to include artificial intelligence (AI) and cloud computing, securing $610 million in debt financing from Tether to strengthen these operations. Despite this pivot, the company remains committed to Bitcoin mining and plans to continue expanding its footprint in the industry.

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