Northern Data provides operational update

EQS-News: Northern Data AG / Key word(s): Quarter Results Northern Data provides operational update  05.03.2026 / 19:52 CET/CEST The issuer is solely responsible for the content of this announcement. Northern Data provides operational update

• Delivered strong sequential quarterly revenue growth in Q4 2025[1] to EUR 31 million
• GPU utilization[2] increased from 62% in December 2025 to 66% in January 2026, and is expected to approximate the current allocation rate of 85% by end of Q1 2026
• Improved customer traction drives GPU estate allocation[3] to near peak capacity of more than 85%[4] by the end of February 2026
• GPU utilization increased from 62% in December 2025 to 66% in January 2026, and is expected to approximate the current allocation rate of 85% by end of Q1 2026The Group expects to publish its FY 2025 Annual Report before the end of March 2026

 

Frankfurt am Main – 5 March 2026 – Northern Data AG (ETR: NB2) (“Northern Data Group” or “the Group”), a leading provider of AI and High-Performance Computing (HPC) solutions, published today an operational update.

In Q1 2026, the Group expects to operate its ~22,000[5] H100 and H200 GPU estate at full capacity, with an allocation rate of over 85%. The GPUs will be allocated to customers mainly committing to reserved and on-demand contracts.

The current pipeline of opportunities and recently executed customer contracts confirm continued improvements in utilization in Q1 2026. Utilization of the GPU estate reached 62% in December 2025 and 66% in January 2026. The Group expects its utilization rate to approximate the current peak capacity allocation rate of 85% in Q1 2026.

As a result of the improved GPU utilization, Northern Data delivered strong sequential quarterly revenue growth in Q4 2025[6] to EUR 31 million (Q3 2025: EUR 8 million). The H100 and H200 GPU pricing environment has improved from Q4 2025 to Q1 2026.

Northern Data’s infrastructure platform (Taiga Cloud) enables software-defined, on-demand access to its GPU estate, addressing increasingly complex customer training and inference needs by providing multi-tenancy, on-demand access, flexible scalability and additional software capabilities. Taiga Cloud together with its technology partners is attracting a broader and more diversified customer base and is effectively serving customers who require both bare metal and on-demand GPU access. The Group has successfully transitioned spot-market contracts to reserved and on-demand customer engagements, resulting in more predictable utilization, better per GPU hour pricing and higher revenue.