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Bitcoin Mining Firm Northern Data Plans US Listing to Raise $500M: Report

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Tanzeel Akhtar
·1 min read
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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.

  • 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

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