German Miner Northern Data Confirms its Guidance for Fiscal Year 2021

Northern Data, a leading provider of High-Performance Computing (HPC) solutions, has given an operations update for 2021.

According to Aroosh Thillainathan, the CEO of the Frankfurt Stock Exchange-listed firm, the company managed to keep the GPU computing power constantly high while expanding its Bitcoin mining capacity.

The company reported that it generated 666 BTC in 2021, with 227 Bitcoins being mined in December 2021 alone. Additionally, it generated a total of 26,554 ETH in 2021 while almost exclusively using renewable energy.

Northern Data stated that it generated a revenue of €180 to €220 million as well as earnings before interest, taxes, depreciation, and amortization (EBITDA) amounting to €100 to €125 million in 2021.

Northern Data Shares Jump Nearly 9%

The market responded positively to Northern Data’s operational update, with share prices jumping nearly 9% on Wednesday to hit $88 before retracing slightly.

Backed by Block.One, Northern Data is determined to continue providing high-quality computing services to crypto miners. The firm already had 18,000 ASIC miners online by the end of 2021 and is looking to continue expanding its capacity.

In September 2021, the provider of mining infrastructure announced its acquisition of leading crypto miner Bitfield for about $450 million and went on to generate 666 BTC by December 2021. The firm also mined 5,740 ETH in December 2021 alone.

Now that it has confirmed its guidance for the fiscal year 2021, Northern Data can continue focusing on building a global infrastructure for the field of HPC. It can also ramp up efforts to add more ASIC miners as it pursues its ambition to become a Bitcoin mining powerhouse in the industry.

The ultimate goal is to develop solutions that unlock unparalleled potential and opportunities for business, research and development, and human progress.

About Northern Data

Northern Data is a multinational organization investing in the global infrastructure of the High-Performance Computing sector that goes beyond Bitcoin and blockchain applications.

The Germany-based firm is working to establish itself as a leader in the field of GPU and ASIC-based solutions by designing and operating highly efficient, green High-Performance Computing infrastructures.

Northern Data Group runs large-scale data centers in seven countries. It strives to deliver a unique blend of sustainable and efficient data centers, cutting-edge hardware, and self-developed software to serve multiple HPC applications.

The solutions are targeted to big data analytics, blockchain technology, BTC mining, AI, IoT, and graphics rendering.

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