Information Technology
/C O R R E C T I O N -- Northern Data Group/
The investment represents a significant step forward in Northern Data Group's investment strategy , cementing expansion plans well beyond the current 2024 financial year.
The new site enables Peak Mining to accelerate its ambition to become one of the largest bitcoin miners globally. The company will be deploying indoor, custom-designed, fully integrated, and liquid-cooled HPC data center systems to drastically improve deployment time and lower infrastructure costs.
Saxet Infrastructure Group ("Saxet") will serve as construction manager for the additional Corpus Christi project and oversee the design, build, and energization of the substation and basic infrastructure for the second phase. The Saxet team brings a strong track record of project management and deep expertise with HPC infrastructure.
Northern Data Group was advised on the transaction by Katten Muchin Rosenman LLP (Legal Counsel), BitOoda Technologies LLC and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (Finance and Strategic Advisory). MJC Partners, LLC served as exclusive financial advisor to the sellers.
Peak Mining , part of the Northern Data Group, is powering the future of the blockchain network. We deliver industry-leading operating and energy efficiency in bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining heritage dating back to 2013, we've been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to power the mining network, and we're driven to continuously find new efficiencies driving value for our investors. We're delivering long term value in more responsible ways.
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisions: Taiga Cloud , Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.
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