Northern Data AG - Lightyear

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About Northern Data AG

Northern Data AG, headquartered in Frankfurt am Main, Germany, develops and operates high-performance computing (HPC) and artificial intelligence (AI) solutions across Europe and North America. The company operates through three segments: Peak Mining, which focuses on Bitcoin mining; Taiga Cloud, providing GPU-based cloud computing services; and Ardent Data Centers, offering colocation services and managing data center operations. Originally founded as Northern Bitcoin AG in 2008, the company rebranded to Northern Data AG in January 2020 to reflect its expanded focus beyond cryptocurrency mining. Northern Data's strategic positioning includes the development of energy-efficient data centers and the integration of advanced hardware and software solutions to support various HPC applications.

Ticker

€NB2

Sector

Software & Cloud Services

Primary listing

XETRA

Employees

157

Headquarters

Frankfurt am Main, Germany

Website

northerndata.de

Northern Data AG Metrics

BasicAdvanced

€482m

-€6.08

1.02

Bulls say / Bears say

Northern Data raised its full-year 2026 revenue outlook to €170 million–€190 million, up from €130 million–€150 million, reflecting stronger-than-expected uptake of its AI and HPC services. (Reuters)

GPU utilization reached approximately 85 percent in March 2026, demonstrating high operational efficiency and robust demand for Northern Data’s Taiga Cloud compute capacity. (Reuters)

The acquisition secures access to roughly 22,000 Nvidia H100 and H200 GPUs along with over 200 megawatts of unmonetized energy capacity, positioning Northern Data’s infrastructure for scalable AI and HPC expansion. (Reuters)

Following the acquisition closing on June 17, 2026, Northern Data will delist and former shareholders will hold illiquid shares in the combined RUM Group, significantly reducing liquidity and price transparency. (Reuters)

Q1 2026 results for the combined entity showed an EPS of –$0.12 (missing the –$0.06 forecast) and revenue of $25.5 million (below the $34.83 million consensus), highlighting integration and earnings volatility risks. (Reuters)

Over 200 megawatts of energy capacity remain unmonetized post-acquisition, posing potential margin pressure and requiring significant additional investment to generate revenue streams. (Reuters)

Data summarised monthly by Lightyear AI. Last updated on 30 Jun 2026.

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.

Market data provided by CBOE Europe and Deutsche Börse.

Bulls say / Bears say

GPU utilization reached approximately 85 percent in March 2026, demonstrating high operational efficiency and robust demand for Northern Data’s Taiga Cloud compute capacity. (Reuters)

Over 200 megawatts of energy capacity remain unmonetized post-acquisition, posing potential margin pressure and requiring significant additional investment to generate revenue streams. (Reuters)

Data summarised monthly by Lightyear AI. Last updated on 30 Jun 2026.

About Northern Data AG

Ticker

Sector

Primary listing

Employees

Northern Data AG Metrics

Price and volume

Financial strength

Profitability

Management effectiveness

Valuation

Growth

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About Northern Data AG

Ticker

Sector

Primary listing

Employees

Northern Data AG Metrics

Price and volume

Financial strength

Profitability

Management effectiveness

Valuation

Growth

Bulls say / Bears say

Bulls say / Bears say