Bitcoin Mining Firm Northern Data Plans US Listing to Raise $500M: Report

The Germany-based firm owns the world’s largest cryptocurrency mining facility in Rockdale, Texas.

AccessTimeIconFeb 23, 2021 at 1:07 p.m. UTC
Updated May 9, 2023 at 3:16 a.m. UTC

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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.