Bitcoin mining firm Northern Data is said to be planning to list in the U.S. in order to raise up to $500 million.
- Northern Data is in talks with Credit Suisse over the listing, which could take place later this year, according to a Bloomberg report on Tuesday citing people familiar with the matter.
- The Frankfurt-headquartered firm owns, among others, the world’s largest cryptocurrency mining facility in Rockdale, Texas, which has a planned capacity of 1 gigawatt by the end of 2021.
- Northern Data is already listed on Deutsche Börse's Xetra trading venue under the ticker NB2.
- Shareholders include Cryptology Asset Group, the investment company backed by Mike Novogratz and Block.One.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.