• CEO Thillainathan: “Significant expansion step”
• Lowest electricity prices within the EU with 100 percent renewable energy
• Highly scalable thanks to up to 4.5 gigawatts of available hydropower
• The rise of Bitcoin catapults customer demand to new heights
• Northern Data participates in the positive bitcoin price development through performance-based component of customer fees
• Accelerated expansion of up to five new data center locations
• Rise in bitcoin price leads to strong increase in customer demand
• Expansion of existing mining locations as well as short-term development of new sites
• Additional upside through performance-linked remuneration from bitcoin mining clients
• Expected 2021 revenue of EUR 350 million to EUR 400 million with EBITDA of EUR 100 million to EUR 125 million
• Strengthening of capital base through successful EUR 52.5 million capital increase
The German Federal Financial Supervisory Authority (BaFin) has imposed a fine of EUR 34,000 on Northern Data AG on December 7, 2020. This refers to incidents at the former amp biosimilars AG in 2016/2017.
• GPU cluster will serve as HPC platform for research and industry
• Cooperation with University Frankfurt and GSI Helmholtzzentrum Darmstadt
• Mobile high-tech data centers form the basis of the infrastructure
• Significant expansion step due to high demand for HPC infrastructure
• Further locations shortly before commissioning
• Computing power of 404 Petaflops by the end of Q1/2021
• Management Board provides overview of expansion and confirms forecast
• Top-class new composition of Supervisory Board
• KPMG elected as new auditor
• In the focus: Customer acquisition and capacity expansion
• Balance sheet total significantly increased to EUR 241 million
• Equity increased to EUR 97.7 million
• First revenues from customer business and confirmation of forecast
• Computing power 3.1 Exaflops
• Partners Gigabyte and AMD deliver hardware
• Financing secured by anchor customer