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Northern Data benefits from the Bitcoin course

At the end of the year, a Northern Data customer drew an option for additional ASIC chips. This expands an order in terms of capacity by more than 200 MW. The order is worth $ 100 million. In addition, a performance-related remuneration component must be taken into account. These aspects are not taken into account in the forecast for 2021.

ND CEO Aroosh Thillainathan comments: “The expansion of the customer order is great evidence of our technologically leading solutions for Bitcoin mining infrastructure. With this customer, we participate directly in a rising Bitcoin rate and thus have an additional upside that we have not yet taken into account in our planning. ”

The CEO continues: “In addition to the accelerated expansion of our Bitcoin mining activities, we are also benefiting from rapidly increasing customer demand in other areas of high-performance computing.”

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