Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  Northern Data AG    NB2   DE000A0SMU87

NORTHERN DATA AG

(NB2)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Northern Data : sells Texas site to Riot Blockchain Inc. for approximately EUR 550 million in cash and shares – No impact on operating EBITDA guidance for fiscal 2021

04/08/2021 | 07:54am EDT

Frankfurt am Main - April 8, 2021 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) sells its U.S. subsidiary Whinstone US Inc. to Riot Blockchain Inc. The purchase price, after closing of the transaction, consists of a cash payment (cash and debt-free) of approx. EUR 67 million and 11.8 million common shares of Riot Blockchain Inc., which corresponds to a total value of approximately EUR 481 million based on the last Riot Blockchain share price (record date April 7, 2021: USD 48.37). Consequently, the total volume of the transaction amounts to approximately EUR 548 million. Upon closing of the transaction, Northern Data AG will own approximately 12% of the total outstanding common stock of Riot Blockchain Inc.

Accordingly, the reporting of Northern Data AG will continue without the consolidation of Whinstone US Inc. in the future. Special effects from the transaction and effects from the current financial year of Whinstone US Inc. are expected to generate special income for Northern Data in the mid-three-digit million-euro range based on current knowledge, which is expected to be booked in H1 2021. This information is subject to any deviations due to the ongoing conversion of the Group's accounting from HGB to IFRS. Details on this will be announced shortly in the context of the publication of the Annual Report 2020. The execution of the transaction is also subject to an antitrust review.

The sale of the Texas site and the resulting transaction proceeds will enable Northern Data to accelerate its profitable growth trajectory by further diversifying its global portfolio of sites and more rapidly expanding and developing them for, among other things, the highly profitable operation of its GPU-based HPC cluster. Currently, 6 sites are in operation and 8 more sites are under development.

Due to the strong, profitable growth of the other data center sites the operating EBITDA forecast for 2021 in the order of EUR 100 million to EUR 125 million remains unchanged. The operating EBITDA forecast includes the YTD business performance, but no one-off effects from the transaction and effects from the current fiscal year of Whinstone US Inc. The company now expects to generate revenues in the amount of EUR 285 million to EUR 325 million in fiscal year 2021. Originally, revenues of EUR 350 million to EUR 400 million and EBITDA of EUR 100 million to EUR 125 million were forecast.

Disclaimer

Northern Data AG published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 11:53:07 UTC.


© Publicnow 2021
All news about NORTHERN DATA AG
04/08NORTHERN DATA  : sells Texas data center operations to Riot Blockchain Inc. for ..
BU
04/08NORTHERN DATA  : sells Texas site to Riot Blockchain Inc. for approximately EUR ..
PU
04/08NORTHERN DATA  : sells Texas data center operations to Riot Blockchain Inc. for ..
EQ
04/08PRESS RELEASE : Northern Data sells Texas data center operations to Riot Blockch..
DJ
04/08NORTHERN DATA  : sells Texas site to Riot Blockchain Inc. for approximately EUR ..
EQ
04/01NORTHERN DATA  : successfully places capital increase from authorized capital in..
PU
04/01NORTHERN DATA  : successfully places capital increase from authorized capital in..
EQ
03/31NORTHERN DATA  : resolves on capital increase from authorized capital
PU
03/31NORTHERN DATA  : resolves on capital increase from authorized capital
EQ
03/19PRESS RELEASE : Cryptology's weekly estimated NAV is EUR213.27.
DJ
More news
Financials
Sales 2020 130 M 154 M 154 M
Net income 2020 11,9 M 14,1 M 14,1 M
Net cash 2020 20,3 M 24,1 M 24,1 M
P/E ratio 2020 134x
Yield 2020 -
Capitalization 1 262 M 1 500 M 1 501 M
EV / Sales 2020 9,57x
EV / Sales 2021 2,91x
Nbr of Employees 8
Free-Float 94,5%
Chart NORTHERN DATA AG
Duration : Period :
Northern Data AG Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 152,00 €
Last Close Price 102,80 €
Spread / Highest target 104%
Spread / Average Target 47,9%
Spread / Lowest Target 12,8%
EPS Revisions
Managers and Directors
NameTitle
Aroosh Thillainathan Chief Executive Officer
Mathias Dähn Chief Financial Officer
Tom Oliver Schorling Chairman-Supervisory Board
Andreas Lange Chief Technological Officer
Stefan Sickenberger Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
NORTHERN DATA AG28.82%1 500
ADOBE INC.0.78%241 599
AUTODESK, INC.-2.54%65 344
TWILIO INC.8.79%62 777
WORKDAY INC.7.51%62 599
ROPER TECHNOLOGIES, INC.-2.99%44 240