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    NB2   DE000A0SMU87

NORTHERN DATA AG

(NB2)
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PRESS RELEASE: Northern Data AG considers change to a more transparent stock exchange listing as of H2 2021

04/12/2021 | 01:49am EDT
DGAP-News: Northern Data AG / Key word(s): Strategic Company Decision 
Northern Data AG considers change to a more transparent stock exchange listing as of H2 2021 
2021-04-12 / 07:48 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
PRESS RELEASE / IR RELEASE 
Northern Data AG considers change to a more transparent stock exchange listing as of H2 2021 
 
  . Northern Data is on track to become the largest specialized HPC data center provider globally 
  . Discussions with further acquisition targets which could be acquired via cash and/or issuance of new shares 
Frankfurt am Main - April 12, 2021 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), a leading infrastructure 
supplier for Bitcoin mining and other HPC data center solutions, is considering a change to a more transparent stock 
exchange listing, presumably on NASDAQ, in H2 2021. This is intended to facilitate investor access to the company, 
increase transparency and reflect Northern Data's successful development as a high-tech company. The Executive Board 
has therefore decided today to examine a possible up-listing and to prepare the necessary next steps. 
Considerations of an up-listing start just a few days after announcing the sale of the Texas site - just one out of 7 
sites currently in operation - with total proceeds of around EUR 550 million, putting the Company in a strong financial 
position to pursue its strategic goals. 
CEO Aroosh Thillainathan comments: "We are on track to become the largest specialized HPC data center provider globally 
and cover all areas of HPC. With our ASICs sites, we are already one of the leading outsourcing partners for the 
booming Bitcoin mining industry. At the same time, Northern Data is currently developing one of the world's largest 
GPU-based distributed computing clusters for HPC applications, working with renowned partners such as Gigabyte and AMD. 
The cluster is expected to handle HPC tasks for customers in areas such as artificial intelligence, deep learning, and 
streaming or rendering movies." 
With its remaining 6 sites and customer base including Blockchain powerhouse Block.One, Northern Data can fully 
maintain its EBITDA outlook for 2021 of EUR 100 million to EUR 125 million even after the complete deconsolidation of 
the Texas site. The EBITDA forecast excludes all one-off effects from the transaction and all effects from the current 
fiscal year of the Texas site. 
Fiscal year 2020 results are expected to be published within the next weeks, for the first time under IFRS standard and 
with KPMG as auditor. Northern Data will also start to publish quarterly financial results in FY2021. 
In order to meet the exponentially growing demand from both Bitcoin mining and GPU clients alike, 8 further sites are 
being developed - in addition to the six sites currently in operation - with a targeted start of operation in the 
course of 2021. Additionally, Northern Data is in discussions with further acquisition targets which could be acquired 
via cash and/or issuance of shares. 
Aroosh Thillainathan comments: "All Northern Data sites stand out by time to market of just 2-4 months, data 
sovereignty principles and tier 3 DC standards. However, I am most proud of all our sustainability attributes such as 
renewable energy usage of >90% in all new sites. We are building a platform, based on renewable energies, enabling our 
clients to be fully compliant with ESG standards." 
This quality and sustainability leadership allows Northern Data to charge both fix base remunerations and profit share 
agreements with its clients. Hence, Northern Data directly participates in rising Bitcoin prices. For the years ahead, 
management expects exponential growth both in revenues and earnings. 
About Northern Data: 
Northern Data AG develops and operates global infrastructure solutions in the field of High-Performance Computing 
(HPC). With its customer-specific solutions, the company provides the infrastructure for various HPC applications in 
areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering. The 
internationally active is today a leading provider of HPC solutions worldwide. Northern Data offers its HPC solutions 
both in large, stationary data centers and in mobile high-tech data centers that can be set up at any location 
worldwide. The company combines self-developed software and hardware with intelligent concepts for a sustainable energy 
supply. The Northern Data group currently employs around 200 people. 
Investor Relations: 
Jens-Philipp Briemle 
Head of Investor Relations 
An der Welle 3 
60322 Frankfurt am Main 
E-Mail: jens-philipp.briemle@northerndata.de 
Phone: +49 171 557 6989 
Important notice: 
This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not 
constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be 
unlawful prior to registration or qualification under the securities laws of that jurisdiction. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Northern Data AG 
              An der Welle 3 
              60322 Frankfurt/Main 
              Germany 
Phone:        +49 69 34 87 52 25 
E-mail:       info@northerndata.de 
Internet:     www.northerndata.de 
ISIN:         DE000A0SMU87 
WKN:          A0SMU8 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), 
              Stuttgart, Tradegate Exchange 
EQS News ID:  1183243 
 
End of News   DGAP News Service 
=------------ 

1183243 2021-04-12

(END) Dow Jones Newswires

April 12, 2021 01:48 ET (05:48 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ASICS CORPORATION 2.10% 2675 End-of-day quote.35.10%
BITCOIN - EURO -0.96% 33115.07 Real-time Quote.35.84%
BITCOIN - UNITED STATES DOLLAR -1.07% 40105.27 Real-time Quote.34.53%
DJ INDUSTRIAL -0.25% 34393.75 Delayed Quote.12.65%
NASDAQ COMP. 0.74% 14174.143114 Delayed Quote.9.16%
NORTHERN DATA AG 11.18% 87.5 Delayed Quote.9.65%
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More news
Financials
Sales 2020 127 M 154 M 154 M
Net income 2020 28,7 M 34,8 M 34,8 M
Net cash 2020 109 M 132 M 132 M
P/E ratio 2020 47,3x
Yield 2020 -
Capitalization 1 074 M 1 303 M 1 302 M
EV / Sales 2020 7,60x
EV / Sales 2021 2,26x
Nbr of Employees 8
Free-Float 75,1%
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 87,50 €
Spread / Highest target 140%
Spread / Average Target 73,7%
Spread / Lowest Target 32,6%
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
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