Northern Data AG / Key word(s): Mergers & Acquisitions/Capital Increase
12-Aug-2021 / 14:35 CET/CEST
Northern Data Acquires Server Systems with approximately 223,000 GPUs from Block.one for a Total Price in the Amount of Approximately EUR 365 million / Capital Increase in the Amount of EUR 170 million
Frankfurt am Main – August 12, 2021 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) today agreed to purchase Decentric Europe BV from Block.one and will as a result acquire all of Decentric’s GPU hardware. This GPU hardware includes approximately 223,000 GPU cards produced by AMD and Nvidia, which are installed in more than 24,000 high-performance server systems. The hardware acquisition represents a strategic asset build-up that complements Northern Data’s existing high-performance servers. The transaction gives Northern Data immediate access to the hardware. At the current level of expansion, the GPUs represent immediately deployable computing power of approximately 1.29 exaflops FP32 and 7.3 terahashes respectively. After full installation by the end of Q3 2021, the total computing power for Northern Data will be about 2.6 exaflops FP32 (390 petaflops FP64) and approximately 13.86 terahashes.
Northern Data will generate initial revenue and a corresponding contribution to EBITDA following completion of the transaction which took place immediately after the execution of the agreement. The anticipated positive impact at the level of the forecast for the 2021 financial year will be described in detail when the annual report for 2020 is published.
|Company:||Northern Data AG|
|An der Welle 3|
|Phone:||+49 69 34 87 52 25|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1225819|
|End of Announcement||DGAP News Service|
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.
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