Northern Data AG, the world’s largest Bitcoin miner, is reportedly working with Credit Suisse for a possible US$500mln IPO into the United States.
Reports citing ‘people familiar with the matter’ says that a share sale could go ahead later this year to bolster the shareholder base and reach a bigger investor audience.
The German group has been expanding its portfolio of computing centre in the past year adding new ones in the United States, Sweden, Netherlands, and Germany. Its largest facility is located in Rockdale, Texas.
Presently, Northern Data is a German over-the-counter stock with a quote in Frankfurt.