DGAP-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain
PRESS RELEASE / IR RELEASE
Northern Data takes an important step to execute its strategy and outlines its intention to make strategic investment for North American Operations Campus, enters into Partnership with Oklahoma
Frankfurt am Main – 28 February 2022 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) announces to have entered into final negotiations for strategic data center infrastructure in Oklahoma. Northern Data is taking another important step to implement its projected growth strategy.
Today Northern Data operates ten data centers globally, with expansion planned for Europe, Canada, and the US. The strategic partnership announced today will support the company’s ramp-up and ASIC systems deployment plans in North America.
In total, the first complex of data centers is intended to be powered by up to 250 MW by the end of 2024 and has secured commitments for long-term power contracts from public power in Oklahoma with competitive pricing. Northern Data intends to continue to grow, strengthen its strategic partnership and scale the business in the coming years together with its strong partners. The entire project is subject to satisfactory completion of due diligence.
About Northern Data:
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|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:||1289287|
|End of News||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.