on Northern Bitcoin AG (ETR:NB2)
Northern Data Group Finalizes Sale of Peak Mining
On November 3, 2025, Northern Data Group announced its completion of the Peak Mining divestiture. The deal is valued at up to USD 200 million, with an initial USD 50 million payment, and potential additional payments of up to USD 150 million tied to a profit share from mining operations at Corpus Christi.
This transaction allows Northern Data to focus on its cloud and data center businesses. The proceeds will enhance their cash position, supporting the expansion of AI solutions and customer base. With a 600 MW grid capacity at Corpus Christi, 100 MW is allocated to bitcoin mining, providing opportunities for potential high-performance computing transactions.
John Hoffman, Co-CEO of Northern Data, expressed satisfaction with this strategic move towards advancing their AI and high-performance computing initiatives.
R. P.
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