Reported about 11 hours ago
Northern Data AG is nearing a deal to sell its crypto mining operations, driven by the recent Bitcoin rally following the election of pro-crypto Donald Trump. The company is fielding offers as it seeks to capitalize on the surge, with estimates suggesting a potential sale could net between $300 million and $500 million. Northern Data aims to use the proceeds to expand its AI services, amidst a broader industry shift following changes in Bitcoin mining profitability.
Source: YAHOO