Northern Data, a European company specializing in cloud computing, artificial intelligence (AI), and bitcoin mining, is reportedly considering the possibility of going public in the U.S. market. The company is currently in discussions to conduct its initial public offering (IPO) in 2025, with the aim of merging its AI cloud computing and data center divisions into a single entity. According to banking sources consulted by the company, this new entity could potentially achieve a valuation of up to $16 billion. However, it is important to note that the situation is still being closely monitored, and there is a possibility that Northern Data may decide not to proceed with this plan. In May, Northern Data made headlines with its acquisition of a 300-megawatt site in Texas, which was carried out through its subsidiary, Peak Mining.
