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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.
Bitcoin mining firm Northern Data is said to be planning to list in the U.S. in order to raise up to $500 million.
STORY CONTINUES BELOW
- 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
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
