Bitcoin Miner Northern Data Could Float Cloud Unit, Expects Loss – Bloomberg Law

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Eyk Henning
<-rte-company state="{"_id":"0000018b-910c-db85-afab-bf1cd4040000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Northern Data AG could float its cloud computing unit Taiga, the German bitcoin miner said Thursday as it unveiled a debt financing package to buy more chips and boost its generative AI offerings.
“We have absolutely structured the company in a way that gives us more flexibility,” <-bsp-person state="{"_id":"0000018b-910c-db85-afab-bf1cd4050000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Rosanne Kincaid-Smith, the firm’s chief operating officer said at a meeting with investors and analysts in Frankfurt. “A listing of our Taiga unit could absolutely be an option,” she said, adding that the bitcoin mining operations may also warrant a flotation in the US at some point.
Northern Data earlier this year …
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