Bitcoin-focused mining firm Northern Data eyes a US listing that could raise up to $500 million, Bloomberg reports. While the exact date of the IPO remains unknown, the sale of new shares might start later this year. A source familiar with the matter said the IPO would increase the company's shareholder base "as well as its global profile."
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While Northern Data is headquartered in Frankfurt, its data-center is located in Rockdale, Texas. It is expected that Credit Suisse may be the organizer of the upcoming IPO.
Earlier in February, BitRiver, a data-center provider, announced it had imported in December 2020 from Asia to Russia a batch of over 20,000 crypto mining ASIC devices with a total capacity of about 70 MWh. All the devices belong to a foreign company whose name had not been disclosed.
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