Northern Data AG

NB2

Equity

ISIN DE000A0SMU87 / Valor 27392576

Xetra (2025-11-20)

EUR 13.50-5.92%

Northern Data AG
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About company

Northern Data AG is a technology firm specializing in High Performance Computing (HPC) solutions, catering to a diverse range of computational needs. The company's offerings encompass a cutting-edge generative AI cloud platform, energy-efficient Bitcoin mining operations, and the development of next-generation data center infrastructure. With a significant presence across Europe, the United States, and Canada, Northern Data AG leverages renewable energy sources to power its operations, aligning with its commitment to maintaining an environmentally responsible footprint. The firm's strategic focus on utilizing green energy underscores its approach to integrating sustainability with high-tech computing solutions.

Summarized from source with an LLMView SourceSector:

Cloud and Data Center Revenue Skyrockets

In Q4 2024, Northern Data AG's Cloud and Data Center revenue surged by 840% year-on-year to EUR 55 million, marking the fifth consecutive quarter of sequential growth. This impressive increase is driven by ongoing GPU deployment and successful customer onboarding, with the Cloud platform contributing approximately 63% of the consolidated revenue.

Mining Revenue Sees Strong Growth

The Mining segment reported a revenue of EUR 32 million in Q4 2024, up 88% year-on-year and 171% sequentially. This growth was fueled by higher Bitcoin prices and additional installed capacity, enabling Peak Mining to reach an installed capacity of 7.9 EH/s by the end of the year. For the full year, Mining revenue grew by 26% to EUR 79 million.

Expansion with New Data Center in Georgia

Northern Data AG announced the commencement of design at its new site in Maysville, Georgia (USA) during Q4 2024. The facility will deliver 120MW initially, with potential expansion to 180MW, enhancing the company's global infrastructure capabilities.

Robust GPU Deployment Enhances Capacity

As of December 31, 2024, Northern Data AG owned 24,000 NVIDIA GPUs, with 16,000 operational and an additional 4,000 deployed by January 20, 2025. The remaining GPUs are expected to be deployed by the end of March 2025, solidifying the company's status as the largest GPU capacity provider in Europe.

Strategic Advancements in AI Cloud Platform

The company is making significant progress in developing its AI cloud platform to support a wide range of use cases, from large-scale training to inferencing. This strategic focus positions Northern Data AG to capitalize on the expanding AI market.

Leadership Strengthened with New CTO Appointment

Northern Data AG welcomed Adam Low as the new Group Chief Technology Officer. With 30 years of experience in technology and product leadership, Mr. Low brings valuable expertise to drive the company's technological and operational advancements.

Looking Ahead: Annual Audit and Future Guidance

The annual audit for the year ended December 31, 2024, is underway, with full audited results expected in late March 2025. Northern Data AG is also preparing to provide updates on its strategic positioning and guidance for FY 2025 following the ongoing sale of its Mining business.

Summarized from source with an LLMView Source

Key figures

-60.4%1Y

54.3%3Y

-76.8%5Y

Performance

62.7%1Y

79.2%3Y

82.4%5Y

Volatility