EQS-Adhoc: Northern Data AG secures a credit facility of EUR 575 million for further investments in its three business areas

Publication of inside information in accordance with Article 17 of the Regulation (EU) No. 596/2014

Northern Data AG secures a credit facility of EUR 575 million for further investments in its three business areas

Frankfurt am Main, 2. November 2023 – Northern Data AG (ISIN: DE000A0SMU87, the “Company” and, together with its subsidiaries, the “Northern Data Group” or the “Group”) today entered into a loan agreement with a company of the Tether Group for a credit facility in the amount of EUR 575 million. The credit facility is unsecured, granted at arm’s length and has a term until January 1, 2030. It will enable the Northern Data group to make further investments in its three business areas Taiga Cloud, Ardent Data Centers and Peak Mining.

The focus of these investments will be on the acquisition of additional advanced hardware that will enable Northern Data Group’s Taiga Cloud business to further expand its offering as a Generative AI Cloud Service Provider in Europe.

The new funding will also be used to expand Northern Data Group’s data center portfolio within Ardent Data Centers, the group’s data center infrastructure business, and to optimize the group’s existing operations.

Finally, the Company also intends to use the financing to further scale its Bitcoin mining activities in the Group’s mining division (Peak Mining) using specially developed liquid-cooled mining technology.

Investor relations:

Jens Philipp Briemle
Head of Investor Relations
On wave 3
60322 Frankfurt am Main
Email: [email protected]
Telephone: +49 171 557 6989