Northern Data AG

Northern Data AG

7.50
EUR
+1.02
(+15.74%)
1.14BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.02
0.34
1.36
1.44
10.76
8.12
2.68
2.1
1.25
- -
Basic EPS, GAAP
-0.04
-0.72
-0.51
-0.31
-0.75
-1.25
-7.38
16.27
-11.16
-5.22
-2.21
-6.08
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
-0.96
-3.06
-6.39
-4.19
-4.01
-18.14
-1.3
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.24
- -
- -
0.11
-1.14
12.06
25.71
15.09
17.41
13.08
6.89
12.06
Tangible Book Value per Share
- -
0.23
- -
- -
0.11
-1.14
2.62
22.11
14.46
17.01
12.51
6.53
2.62
Basic Weighted Avg Shares
2
2
2
2
7
7
11
18
24
29
58
64
13
Sales/Revenue/Turnover
- -
- -
- -
- -
3
10
16
190
193
78
121
80
- -
Operating Margin (%)
- -
- -
-12,297.42
-1,310.35
-218.15
-84.5
-167.3
48.55
-99.09
-199.66
-75.22
-562.04
- -
Depreciation Expense
- -
- -
- -
- -
1
4
18
66
207
125
156
430
- -
Net Income, GAAP
- -
-1
-1
-1
-6
-9
-84
287
-266
-151
-127
-390
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
14.72
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
-12,427.96
-1,345.58
-219.55
-91.58
-514.48
151.25
-137.5
-194.84
-105.25
-487.46
- -
Working Capital
- -
- -
- -
- -
-2
-1
-181
170
46
547
181
356
-181
LT Debt
- -
- -
- -
1
8
16
31
7
8
177
691
716
31
Total Equity
- -
- -
- -
- -
1
-8
177
612
359
734
840
442
177
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
44.99
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
63.56
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-604.82
-427.5
- -
-1,386.06
- -
- -
72.81
-54.7
-27.62
-16.19
-60.87
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'19
Jun'20
Dec'20
ST Debt
3
16
12
LT Borrowings
16
102
17
LT Finance Leases
- -
9
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
12
15
Market Capitalization
152
881
1,139

Working Capital

EUR

•

in mil. unless spec.
Dec'19
Jun'20
Dec'20
Total Current Assets
3
30
95
Cash, Cash Equivalents & STI
3
24
74
Accounts Receivable, Net
- -
1
2
Inventories
- -
- -
12
Total Current Liabilities
4
31
276
Payables & Accruals
- -
- -
- -
ST Debt
3
16
12
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
55.38%
-47.35%
Free Cash Flow
- -
187.41%
-92.02%
Net Income, GAAP
102.66%
-97.2%
206.15%
Sales/Revenue/Turnover
- -
204.7%
-33.9%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
78
2024
- -
- -
121
2025
- -
- -
80

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-5.22
2024
- -
- -
-2.21
2025
- -
- -
-6.08

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
John Hoffman
Full Time Employees
157
Sector
Technology services
Industry
Data processing services
Address
An der Welle 3 Frankfurt HE Germany 60322
IPO Date
Apr 1, 2015
Business
Northern Data AG Northern Data AG develops and operates high-performance computing (HPC) infrastructure and artificial intelligence (AI) solutions primarily in Europe and North America. The company, founded in 2008 and headquartered in Frankfurt am Main, Germany, operates through three main segments: Peak Mining, which focuses on Bitcoin mining using ASIC hardware; Taiga Cloud, which provides GPU-based cloud computing services featuring NVIDIA H100 and H200 clusters connected via InfiniBand for AI workloads, machine learning, and generative AI applications; and Ardent Data Centers, which offers colocation services, data center management, procurement, installation, and operation of server hardware with liquid cooling technology for optimized performance and sustainability. Northern Data targets business-to-business customers including innovative enterprises, research institutions, and AI developers seeking scalable, energy-efficient, carbon-neutral compute resources. Recently, Northern Data announced the divestiture of its Peak Mining business for an initial USD 50 million plus up to USD 150 million in earn-outs tied to future operations at its Corpus Christi site, sharpening focus on AI and HPC; entered a business combination agreement with Rumble Inc. for a voluntary public exchange offer expected in Q2 2026, supported by major shareholders holding 72% of shares including Tether, with terms including GPU leasing commitments and potential cash from Corpus Christi commercialization; and disclosed an exclusivity agreement for HPC development at Corpus Christi while pursuing customer growth in cloud and data centers.