The Frankfurt-headquartered company has reported its audited 2023 financial results to crypto.news. The company’s revenue of €77.5 million exceeded the market guidance of €65 million to €75 million. Additionally, sources familiar with the matter have indicated that the company’s IPO is anticipated to value the entity between $10 billion and $16 billion. It is also suggested that the miner may sell a minority stake in the unit to investors prior to the listing.
Northern Data, a Bitcoin miner, anticipates a threefold increase in revenue by 2024.
