European High-Performance Computing Joint Undertaking

EQS-News: Northern Data Group Secures EUR 575 Million Debt Financing Facility

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Tuesday, November 7, 2023

Frankfurt/Main – 2 November 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ), a leading provider of specialized High-Performance Compute (HPC) infrastructure, today announced it has secured a EUR 575 million debt financing facility.

Key Points:

Frankfurt/Main – 2 November 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ), a leading provider of specialized High-Performance Compute (HPC) infrastructure, today announced it has secured a EUR 575 million debt financing facility.
The facility will primarily strengthen Northern Data Group’s ability to invest in the most sophisticated hardware available, which is needed to unlock access to Generative AI technology in Europe.
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, comments: “As the demand for technological innovation and acceleration shows no signs of slowing down, this debt facility will allow Northern Data Group to continue capitalizing on the market opportunities within each sector of our three subsidiaries, Taiga Cloud, Ardent Data Centers, and Peak Mining.
Northern Data Group is a trailblazer in this domain and has already demonstrated impressive execution of its ambitious growth strategy.

Asia Pacific Expected to Lead Quantum Computing Market, Fueled by Rapid Expansion in Banking and Finance Sector - ResearchAndMarkets.com

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Wednesday, November 1, 2023

The adoption of quantum computing is being driven by the increasing demand for high-speed computing, the growing utilization of quantum mechanics in encryption, the expanding applications of quantum computing in drug discovery, and other factors.

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The adoption of quantum computing is being driven by the increasing demand for high-speed computing, the growing utilization of quantum mechanics in encryption, the expanding applications of quantum computing in drug discovery, and other factors.
Increase in Quantum Computing Start-ups: The emergence of quantum computing startups is fostering competition, innovation, and growth in the market.
Increasing Adoption of Cloud-Based Quantum Computing: Cloud-based quantum computing solutions are gaining popularity, making quantum computing more accessible to a broader range of users.
Technological Advancement in Quantum Computing: Ongoing advancements in quantum computing technology are leading to improved performance, scalability, and reliability.

Quantum Computing Hardware Leads Market Share, While Services Segment Exhibits Highest Growth

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Friday, November 3, 2023

By Component: The global quantum computing market is categorized into three primary segments by component: Hardware, Software, and Services.

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By Component: The global quantum computing market is categorized into three primary segments by component: Hardware, Software, and Services.
The hardware segment currently holds the largest share in the quantum computing market, while the services segment is anticipated to exhibit the highest CAGR.
Increase in Quantum Computing Start-ups: The emergence of quantum computing startups is fostering competition, innovation, and growth in the market.
Increasing Adoption of Cloud-Based Quantum Computing: Cloud-based quantum computing solutions are gaining popularity, making quantum computing more accessible to a broader range of users.

Northern Data Group Secures EUR 575 Million Debt Financing Facility

Retrieved on:

Thursday, November 2, 2023

FRANKFURT, Germany, Nov. 2, 2023 /PRNewswire/ -- Northern Data Group (Ticker symbol German stock market: NB2 ) (ISIN: DE000A0SMU87 ), a leading provider of specialized High-Performance Compute (HPC) infrastructure, today announced it has secured a EUR 575 million debt financing facility.

Key Points:

FRANKFURT, Germany, Nov. 2, 2023 /PRNewswire/ -- Northern Data Group (Ticker symbol German stock market: NB2 ) (ISIN: DE000A0SMU87 ), a leading provider of specialized High-Performance Compute (HPC) infrastructure, today announced it has secured a EUR 575 million debt financing facility.
Aroosh Thillainathan, Northern Data Group's Chief Executive Officer, comments: "As the demand for technological innovation and acceleration shows no signs of slowing down, this debt facility will allow Northern Data Group to continue capitalizing on the market opportunities within each sector of our three subsidiaries, Taiga Cloud, Ardent Data Centers, and Peak Mining.
Paolo Ardoino, Chief Executive Officer (incoming), Tether Group, comments: "Tether Group is proud to support Northern Data Group in its ability to provide customers access to flexible, energy efficient High Performance Computing infrastructure.
Northern Data Group is a trailblazer in this domain and has already demonstrated impressive execution of its ambitious growth strategy.

Hewlett Packard Enterprise Builds AI Supercomputer for CRIANN to Accelerate Scientific Research and Innovation

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Tuesday, October 17, 2023

The new AI supercomputer is part of ongoing efforts to advance France’s national AI strategy and was co-funded by the Normandy Region, the French State, and the European Union through the European Regional Development Fund (ERDF).

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The new AI supercomputer is part of ongoing efforts to advance France’s national AI strategy and was co-funded by the Normandy Region, the French State, and the European Union through the European Regional Development Fund (ERDF).
Austral will help train robust AI models and run simulations and data analysis to accelerate scientific discovery and innovation in climate modeling, biotechnology, healthcare, and materials science, among other areas.
“We are proud to continue partnering with France’s national and regional centers to accelerate its AI missions by building powerful solutions using our supercomputers and AI software.
Accelerate innovation for autonomous driving by understanding obstacle avoidance across different environments, such as railways or adverse weather conditions.

EQS-News: ParTec AG: The German manufacturer ParTec AG sets a European milestone building the first Exascale supercomputer “JUPITER” in Jülich, Germany together with the French partner Eviden

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Tuesday, October 17, 2023

ParTec AG: The German manufacturer ParTec AG sets a European milestone building the first Exascale supercomputer “JUPITER” in Jülich, Germany together with the French partner Eviden

Key Points:

ParTec AG: The German manufacturer ParTec AG sets a European milestone building the first Exascale supercomputer “JUPITER” in Jülich, Germany together with the French partner Eviden
The issuer is solely responsible for the content of this announcement.
The contract includes procurement, delivery, installation, hardware, software and maintenance of the JUPITER Exascale Supercomputer.
The cost of the system and its operation for an expected six years amounts to 500 million euros.
With the strong expertise of ParTec, Jülich and Eviden, we are proud to take part in this major milestone for excellence in “design in Europe” exascale supercomputing infrastructure.”

Leaders to Examine Health Care’s Technological Tipping Point: Northwell Health Hosts Sixth Annual Constellation Forum in NYC

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Wednesday, September 20, 2023

Health care is approaching a scientific and technological tipping point, poised to cross into an age of artificial intelligence (AI) and supercomputing.

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Health care is approaching a scientific and technological tipping point, poised to cross into an age of artificial intelligence (AI) and supercomputing.
To explore how science, technology, culture and society are converging in medicine, Northwell Health , New York State's largest health system, will host its annual Constellation Forum .
View the full release here: https://www.businesswire.com/news/home/20230920880571/en/
Michael Dowling, president and CEO of Northwell Health will host the sixth annual Constellation Forum.
(Credit: Northwell Health)
Now in its sixth year, the virtual and in-person event will convene on October 5 in New York City starting at 9 a.m.

atNorth Announces Further Strategic New Hires as Demand for Sustainable Infrastructure Increases

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Tuesday, September 19, 2023

Bid manager, Acquisition, HPC, CPA, Magnus, CFO, Knowledge, Growth, Icelandic, European High-Performance Computing Joint Undertaking, Management

REYKJAVIK, Iceland, Sept. 19, 2023 /PRNewswire/ -- atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, has today announced the appointment of Magnus Dittmer as Director of Bid Management and Kristinn Kristjánsson as Director of Accounting as the business continues to experience significant demand for its sustainable, best in class, digital infrastructure solutions.

Key Points:

The appointments aim to support atNorth's response to a surge in demand for its services and ongoing expansion plans.
Magnus brings a wealth of knowledge in business development and bid management garnered over his 25 years' experience in customer relations and sales roles.
Prior to joining atNorth, Magnus held senior commercial positions at Atea Sverige, InfoCare Services and Enaco.
Based in Iceland, Kristinn will report to Eva Soley Gudbjornsdottir, Deputy CEO & CFO at atNorth.

Mawson Infrastructure Group Inc. Reports Q2 2023 Financial Results

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Monday, August 21, 2023

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the second quarter ending June 30, 2023.

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Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the second quarter ending June 30, 2023.
The Company indicated that the Co-Location contract with Celsius Mining LLC will expire in accordance with its terms on August 23, 2023.
Mawson has received active interest from a number of parties related to hosting and digital infrastructure services.
In the second quarter 2023, Mawson incurred a net loss of $17.6 million compared to $11.4 million in the prior period and $2.4 million for the same quarter last year.

EQS-News: Northern Data Group: Operations Update

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Tuesday, August 22, 2023

Cloud, European High-Performance Computing Joint Undertaking, ISIN, Artillery Peak mine, Taiga, BTC, EUR, Ticker, NB2, HPC, Bank statement, Cryptocurrency, Bitcoin

Frankfurt/Main – 16 August 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ), today provided an update on its mining business activities for the month of July.

Key Points:

Frankfurt/Main – 16 August 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ), today provided an update on its mining business activities for the month of July.
Peak Mining, part of Northern Data Group, produced a total of 170 Bitcoin in July 2023, generating revenues of EUR 4.6 million, roughly 1% more than the corresponding figure for the previous month.
This month, Northern Data Group announced the launch of its divisional brands , dedicated to its three core business areas: Taiga Cloud, Ardent Data Centers and Peak Mining.
In Europe, Northern Data Group participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.35 million of additional income in July, representing an equivalent value of approx.