Northern Data

Overview

Northern Data is a cryptocurrency mining and HPC company previously known as Northern Bitcoin. Company got rebranded to Northern Data in 2020, due to focusing on HPC and AI in addition to crypto.

In December 2020, compamy signed a letter of intent to purchase Hydro66 subsidiaries, including data centre in Sweden. In 2021 Q3, Northern Data has acquired another Bitcoin miner Decentric Europe from blockchain Block.one for approximately 365million euros. Northern Data will pay 195million euros in the next 12 months and issue 18.2% worth of company shares to Block.one.

The company expected to complete installation of GPU systems by the end of Q3 2021.

Northern Data has sites in Norway, Sweden, the Netherlands and Germany - either their own, or have presence in partnering sites.