Northern Data AG
NB2.F
Frankfurt Stock Exchange7.74
EUR
-0.46
- -
Northern Data AG
NB2.F
(Frankfurt Stock Exchange)
Recent
price
7.74
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Northern Data AG (ETR: NB2), a Frankfurt am Main-based provider of high-performance computing (HPC) and artificial intelligence (AI) infrastructure solutions founded in 2008 and headquartered at An der Welle 3, develops and operates scalable GPU-based cloud platforms and data centers across Europe, North America, and select international locations including the United Kingdom, Netherlands, Ireland, Sweden, Norway, Portugal, Germany, and the United States. The company operates through three primary segments—Peak Mining, Taiga Cloud, and Ardent Data Centers—offering crypto mining compute services via proprietary hardware and facilities; AI and HPC cloud computing including on-demand, reserved, and spot-market access to approximately 22,000 NVIDIA H100 and H200 GPUs connected via InfiniBand for machine learning, generative AI training and inferencing, big data analytics, and game streaming; GPU hardware procurement, installation, and management; and colocation services featuring liquid-cooled, energy-efficient data centers with over 800MW of grid-powered capacity, approximately 250MW of which is deployed or coming online across eight global sites by 2027, emphasizing renewable energy, waste heat recovery, and grid stabilization. Taiga Cloud positions as Europe's largest regional AI cloud provider with multi-tenancy capabilities supporting enterprise clients, AI startups, sovereign cloud operators, Web 3.0 providers, and GPU marketplaces; Peak Mining focuses on Bitcoin production at sites in Corpus Christi, North Dakota, and Maysville; while Ardent Data Centers handles modular infrastructure design and operations. Formerly Northern Bitcoin AG until its rebranding in January 2020, the company targets data-intensive organizations with sustainable, high-density solutions powered by cutting-edge ASICs and GPUs. Recent developments include a March 2025 upgrade of Taiga Cloud infrastructure for software-defined GPU access yielding over 60% utilization by October 2025 and revenue run-rate acceleration to EUR 10-15 million monthly; an April 2025 strategic partnership with Gcore to launch a full-stack AI platform via Intelligence Delivery Network, including an option for Northern Data to acquire majority control; Q3 2025 revenue of EUR 33 million driven by mining growth and cloud uptake; divestiture of non-Corpus Christi Peak Mining assets to its largest shareholder for USD 50 million upfront in October 2025 with deferred consideration; sale of a historical equity stake in Lancium Inc.; leadership updates; and a November 2025 business combination agreement with Rumble Inc. featuring a voluntary public exchange offer expected to close in Q2 2026, adding 22,000 GPUs and expanding Rumble Cloud internationally.