Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation of up to $16 billion, according to banks consulted by the company. However, the situation is still under scrutiny, and Bloomberg states that Northern Data might choose to not go ahead with this plan. In May, Northern Data announced the acquisition of a 300-megawatt site in Texas through its Peak Mining subsidiary.

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