Deals
Bitcoin Mine Operator Northern Data Said to Eye U.S. Listing
- Northern Data to go public in U.S., raising up to $500 million
- Germany-based firm is Bitcoin miner turned mine operator
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Northern Data AG, the operator of the world’s largest Bitcoin mine, is working with Credit Suisse Group AG on plans for a U.S. listing that could raise as much as $500 million, according to people familiar with the matter.
The sale of new shares, which could go ahead later this year, will boost Northern Data’s shareholder base as well as its global profile, the people said, declining to be identified because the information is private.