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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.

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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.

Northern Data Group Secures EUR 575 Million Debt Financing Facility

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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.

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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.

EQS-News: Northern Data Group: Operations Update Peak Mining

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Thursday, October 26, 2023

Bitcoin, BTC, EUR, Ticker, Artillery Peak mine, NB2, Maintenance, ISIN, Cryptocurrency

Frankfurt/Main – 20 October 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 September.

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Frankfurt/Main – 20 October 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 September.
Peak Mining, part of Northern Data Group, produced a total of 174 Bitcoin in September 2023, generating revenues of EUR 4.3 million, roughly 2% more than the corresponding figure for the previous month.
Furthermore, Peak Mining has the option to purchase an additional USD 150 million of hardware.
Peak Mining is one of the first to adopt the newest liquid-cooling mining technology at this scale, to be deployed across various locations globally.

EQS-News: Northern Data AG: Taiga Cloud Announces Strategic European Partnership with GIGABYTE

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Tuesday, October 17, 2023

GIGABYTE will supply Taiga Cloud with 20 NVIDIA H100 GPU pods, worth EUR 400 million, with customer access beginning late Q4 2023

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GIGABYTE will supply Taiga Cloud with 20 NVIDIA H100 GPU pods, worth EUR 400 million, with customer access beginning late Q4 2023
Frankfurt/Main – 9 October 2023 – Taiga Cloud, Europe’s first and largest Generative AI Cloud Service Provider and part of Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), has entered into a strategic European partnership with GIGABYTE, an industry innovator and leader in the enterprise computing market.
The partnership positions Taiga Cloud to meet the surging demand for compute power for Generative AI applications.
This partnership is the evolution of more than two years of collaboration between the companies, which began with GIGABYTE supplying NVIDIA A100s to Taiga Cloud which are hosted in Northern Data Group’s pioneering data center in Boden, Sweden.
Karl Havard, Managing Director, Taiga Cloud commented: “We’re excited to take this strategic next step in our long-standing partnership with GIGABYTE, which will help Taiga Cloud on its journey to make computing power accessible to organizations across Europe.

EQS-News: Taiga Cloud, a Northern Data Group company, certified as an Elite Cloud Service Provider in NVIDIA’s Partner Network

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Monday, September 25, 2023

Taiga Cloud, a Northern Data Group company, certified as an Elite Cloud Service Provider in NVIDIA’s Partner Network

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Taiga Cloud, a Northern Data Group company, certified as an Elite Cloud Service Provider in NVIDIA’s Partner Network
The issuer is solely responsible for the content of this announcement.
Taiga Cloud, a Northern Data Group company, certified as an Elite Cloud Service Provider in NVIDIA’s Partner Network
Frankfurt/Main – 25 September 2023 – Taiga Cloud, Europe's largest Generative AI Cloud Service Provider, part of Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), today announced its certification as an Elite Partner of NVIDIA and official Cloud Service Provider (CSP) in NVIDIA’s Partner Network (NPN).
As the highest level of partnership, the Elite status is reserved for NVIDIA partners that demonstrate the largest impacts on the NVIDIA ecosystem.
With currently just 15 Elite CSPs globally, Taiga Cloud is the largest European CSP with Elite Partner certification, affirming its position as the region’s leading Generative AI Cloud Service Provider.

EQS-News: Northern Data Group: Operations Update

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Monday, September 18, 2023

Bitcoin, ISIN, Artillery Peak mine, EUR, BTC, Ticker, NB2, Cryptocurrency

All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.

Key Points:

All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.
Frankfurt/Main – 18 September 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 August.
Peak Mining, part of Northern Data Group, produced a total of 166 Bitcoin in August 2023, generating revenues of EUR 4.2 million, roughly 8% less than the corresponding figure for the previous month, mainly due to two increases of the Bitcoin mining difficulty in August.
In Europe, Northern Data Group participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.3 million of additional income in August corresponding to a year-to-date income of EUR 1.9 million from the program.

EQS-News: Northern Data announces further progress in implementation of Cloud Strategy

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Saturday, September 16, 2023

Cloud, H100, Cloud computing, EUR, Taiga, Ticker, International investment agreement, ISIN, NB2, GPU, Cryptocurrency

Frankfurt/Main – 11 September 2023 – Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU8) has made further progress in implementing its ambitious growth strategy for its cloud solutions business, Taiga Cloud.

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Frankfurt/Main – 11 September 2023 – Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU8) has made further progress in implementing its ambitious growth strategy for its cloud solutions business, Taiga Cloud.
As announced in July 2023, Northern Data agreed to acquire Damoon Designated Activity Company (“Damoon”) for a valuation of EUR 400 million.
In a first step, Northern Data Group is now entering into two Contribution Agreements, under which Northern Data Group, subject to customary reservations, will acquire c. 70% of Damoon.
Northern Data Group will continue to update the market as it continues to implement Taiga Cloud’s growth strategy.

EQS-News: Northern Data AG holds Extraordinary General Meeting

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Saturday, September 16, 2023

ISIN, Management, Islamabad Wildlife Management Board, Livestreaming, Mass meeting, Ticker, NB2, Extraordinary general meeting, Supervision, Supervisory board, Security (finance)

Frankfurt/Main – 8 September 2023 – On Thursday, September 7, Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) successfully concluded an Extraordinary General Meeting, which was virtually broadcast via livestream, for its duly registered shareholders or their proxies on the company’s website.

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Frankfurt/Main – 8 September 2023 – On Thursday, September 7, Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) successfully concluded an Extraordinary General Meeting, which was virtually broadcast via livestream, for its duly registered shareholders or their proxies on the company’s website.
Shareholders and their proxies had the opportunity to ask questions, which were answered in detail by Aroosh Thillainathan, Group CEO and Chairman of the Management Board.
All resolutions proposed by the Management Board and Supervisory Board were approved by the shareholders with a large majority.
Commenting on the outcome of the Extraordinary General Meeting, Aroosh Thillainathan, Group CEO and Chairman of the Management Board said: "I am pleased that our shareholders have again expressed their support for the company and its growth targets.

EQS-News: Northern Data Reports Significant Progress in Implementing its Growth Strategy for its Cloud Solutions Business

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Thursday, August 24, 2023

Cloud, Tether, Exercise, Sale, EUR, Taiga, Acquisition, Ticker, International investment agreement, ISIN, NB2, GPU, Security (finance), Cryptocurrency

Frankfurt/Main – 24 August 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) has made significant progress in implementing its ambitious growth strategy for its cloud solutions business, Taiga Cloud.

Key Points:

Frankfurt/Main – 24 August 2023 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) has made significant progress in implementing its ambitious growth strategy for its cloud solutions business, Taiga Cloud.
In essence, on completion of the transaction, Northern Data will have acquired latest-generation GPU hardware for a value of EUR 400 million.
As previously disclosed, Northern Data Group has a unilateral option under the Investment Agreement, which can be exercised until 31 December 2024, to acquire the remaining c. 30% of shares in Damoon for cash or additional shares in Northern Data Group.
Northern Data Group will continue to update the market as it works with Damoon to implement Taiga Cloud’s growth strategy.

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.