Northern Data Forecasts Sales to Triple on Cloud Computing Push.

Northern Data AG, a major crypto mining company, has projected that its revenue could more than triple this year due to its expansion in high-performance computing. The company expects sales of €200 million to €240 million for the full year, compared to €77.5 million in 2023. Northern Data has also been considering a US listing for its artificial intelligence cloud computing and data center businesses. However, the company's stock has faced challenges following allegations of financial misrepresentation by former employees. Despite this, Northern Data remains optimistic about its future sales, with expectations of reaching €520 million to €570 million in the 2025 financial year. [Extracted from the article]

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