Tether-backed Northern Data Nears Sale of Crypto Mining Division
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 28 2024Northern Data AG's Sale of Crypto Mining Business: The Frankfurt-listed company is advancing towards selling its cryptocurrency mining operations, driven by the recent Bitcoin rally and strategic shifts towards expanding artificial intelligence services.
Valuation and Market Potential: While Northern Data has not provided an official valuation for the mining business, estimates range from $300 million to $500 million, with potential sales reaching up to $800 million based on current market conditions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
