Mining company Northern Data plans to IPO in the US next year, with an estimated value of up to 16 billion dollars

According to BlockBeats news on July 2, Bloomberg reported that Bitcoin miner Northern Data is considering an initial public offering (IPO) in the United States as early as the first half of next year. The entity will be listed after merging with a cloud computing service named Taiga and its data center called Ardent. Banks suggest that the valuation of this business is between 10 billion and 16 billion dollars.

Northern Data may also sell a minority stake in this department to investors before listing.

Previously in November 2023, Tether provided Northern Data with a credit arrangement of $610 million and purchased stocks from Northern Data AG in September 2023.