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Northern Data, Europe's largest crypto mining company, is considering an initial public offering (IPO) in the United States. The IPO, which could take place as early as the first half of 2025, is expected to value the company's combined AI cloud computing and data center businesses at up to $16 billion. This move follows a significant investment from Tether, Bloomberg News reports.
[BLOOMBERG] Northern Data, Europe's Largest Crypto Miner, Eyes $16 Billion U.S. IPO Next Year Following Major #Tether Investment
Northern Data, Europe's largest crypto mining company, is considering an initial public offering (IPO) in the United States, with a valuation of up to $16 billion, as early as the first half of next year. Tether has previously made a huge investment in Northern Data.ā¦
Sources: Northern Data is weighing a US IPO of its combined AI cloud computing and data center businesses at a valuation of up to $16B as early as in H1 2025 (Bloomberg) https://t.co/OQujHU94dS š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/Z7UCGUeO9R
