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    NB2   DE000A0SMU87

NORTHERN DATA AG

(NB2)
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PRESS RELEASE: Northern Data closes acquisition of data center site in Northern Sweden and continues successful expansion driven by enormous demand

03/08/2021 | 01:33am EDT
DGAP-News: Northern Data AG / Key word(s): Expansion 
Northern Data closes acquisition of data center site in Northern Sweden and continues successful expansion driven by 
enormous demand 
2021-03-08 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
PRESS RELEASE / IR-RELEASE 
Northern Data closes acquisition of data center site in Northern Sweden and continues successful expansion driven by 
enormous demand 
- Acquisition closed / first capacities online in the next weeks 
- Milestone reached on successful roadmap / immediate expansion with five new sites in Canada and Scandinavia 
- Highly scalable with up to 4.5 gigawatts of hydropower available 
- Value added for customers: data sovereignty not affected by US Cloud Act 
Frankfurt am Main - March 8, 2021 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) has successfully closed the 
acquisition of the site in Northern Sweden near the city of Boden, announced in January, and immediately started to 
roll out and install the first GPU-based high-performance computing (HPC) hardware. The site is expected to bring the 
first capacity online within the next weeks and will contribute decisively to the further successful expansion of 
Northern Data Group's HPC infrastructure and provide direct customer benefits. 
The highly efficient data center in Northern Sweden is one of up to five new Scandinavian and Canadian sites that the 
Group is rapidly building and scaling up as part of its expansion and the massive growth in demand for computing power. 
The sites are operated climate-neutrally using renewable energies and are characterized by scalability, efficiency and 
cost advantages. 
Electricity for Northern Data's new site comes from 100 percent renewable energy and is generated by hydropower plants 
in the region. The local hydropower plants have a capacity of around 4.5 gigawatts (GW), producing around 14 terawatt 
hours (TWh) per year, which can be utilized by Northern Data as part of its next expansion activities. 
Northern Data CEO Aroosh Thillainathan comments: "Our expansion is proceeding rapidly and on schedule. We are pleased 
to have acquired the blueprint for the ideal location with the plant in Northern Sweden: The site is highly efficient 
and based on renewable energy at the most favorable conditions in the EU, while at the same time we have every 
opportunity to scale up almost at will. As a result, the site marks an important milestone in our roadmap, since it 
will enable us to meet the massive demand for HPC computing power very effectively. As a European company, we are not 
subject to the U.S. Cloud Act, which, in contrast, secures U.S. authorities access to the stored data of large American 
hyperscalers. The data sovereignty we can offer in comparison is another selling proposition that makes us particularly 
attractive to certain customers and drives demand." 
The site in Boden currently consists of six data center facilities on an area of 2.5 hectares. Awarded for its 
ultra-efficiency, the site meets the highest requirements with various ISO certifications and was only completed by 
data center operator Hydro66 in 2019 before being acquired by Northern Data Group. Located around 80 kilometers south 
of the Arctic Circle with an average annual temperature of 1.3 degrees Celsius, the site is ideal for passive 
energy-saving cooling of HPC hardware and achieves peak energy efficiency values. 
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, blockchain, artificial intelligence, big data analytics, IoT or rendering. The 
internationally active company was formed from the merger of the German company Northern Bitcoin AG and the American 
company Whinstone US, Inc. and 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. 
Press Contact: 
Northern Data AG 
Dr. Hans Joachim Dürr 
Head of Corporate Communications 
An der Welle 3 
60322 Frankfurt am Main 
E-Mail: hans.duerr@northerndata.de 
Phone: +49 69 348 752 89 
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 
Disclaimer: 
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any 
securities of Northern Data AG, nor does it constitute a securities prospectus of Northern Data AG. The information 
contained in this press release is not intended to be the basis for any financial, legal, tax or other business 
decision. Investment or other decisions should not be made solely on the basis of this press release. As in all 
business and investment matters, please consult qualified professional advice. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-03-08 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:  1173715 
 
End of News   DGAP News Service 
=------------ 

1173715 2021-03-08

(END) Dow Jones Newswires

March 08, 2021 01:32 ET (06:32 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO -5.20% 27464.55 Real-time Quote.23.01%
BITCOIN - UNITED STATES DOLLAR -4.99% 32865.56 Real-time Quote.19.90%
BUSINESS & DECISION 0.00% 7.93 End-of-day quote.3.66%
DÜRR AG 0.24% 33.26 Delayed Quote.-0.66%
NORTHERN DATA AG 0.88% 80.4 Delayed Quote.-0.13%
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Financials
Sales 2020 127 M 152 M 152 M
Net income 2020 28,7 M 34,3 M 34,3 M
Net cash 2020 109 M 130 M 130 M
P/E ratio 2020 43,1x
Yield 2020 -
Capitalization 979 M 1 167 M 1 168 M
EV / Sales 2020 6,84x
EV / Sales 2021 2,04x
Nbr of Employees 8
Free-Float 75,1%
Chart NORTHERN DATA AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 79,70 €
Average target price 152,00 €
Spread / Average Target 90,7%
EPS Revisions
Managers and Directors
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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