DGAP-News
Northern Data AG considers change to a more transparent stock exchange listing as of H2 2021 - Seite 2
With its remaining 6 sites and customer base including Blockchain powerhouse Block.One, Northern Data can fully maintain its EBITDA outlook for 2021 of EUR 100 million to EUR 125 million even after the complete deconsolidation of the Texas site. The EBITDA forecast excludes all one-off effects from the transaction and all effects from the current fiscal year of the Texas site.
Fiscal year 2020 results are expected to be published within the next weeks, for the first time under IFRS standard and with KPMG as auditor. Northern Data will also start to publish quarterly financial results in FY2021.
In order to meet the exponentially growing demand from both Bitcoin mining and GPU clients alike, 8 further sites are being developed - in addition to the six sites currently in operation - with a targeted start of operation in the course of 2021. Additionally, Northern Data is in discussions with further acquisition targets which could be acquired via cash and/or issuance of shares.
Aroosh Thillainathan comments: "All Northern Data sites stand out by time to market of just 2-4 months, data sovereignty principles and tier 3 DC standards. However, I am most proud of all our sustainability attributes such as renewable energy usage of >90% in all new sites. We are building a platform, based on renewable energies, enabling our clients to be fully compliant with ESG standards."
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This quality and sustainability leadership allows Northern Data to charge both fix base remunerations and profit share agreements with its clients. Hence, Northern Data directly participates in
rising Bitcoin prices. For the years ahead, management expects exponential growth both in revenues and earnings.
About Northern Data:
Northern Data AG develops and operates global infrastructure solutions in the field of High-Performance Computing (HPC). With its customer-specific solutions, the company
provides the infrastructure for various HPC applications in areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering. The internationally active is
today a leading provider of HPC solutions worldwide. Northern Data offers its HPC solutions both in large, stationary data centers and in mobile high-tech data centers that can be set up at any
location worldwide. The company combines self-developed software and hardware with intelligent concepts for a sustainable energy supply. The Northern Data group currently employs around 200 people.