Northern Data AG develops and sells high-performance computing (HPC) infrastructure solutions worldwide. It offers infrastructure for various HPC applications in areas, such as cloud computing, bitcoin hosting and services, altcoin and bitcoin mining, and data centers. The company was formerly known as Northern Bitcoin AG and changed its name to Northern Data AG in January 2020. Northern Data AG is based in Frankfurt am Main, Germany.

Marco Beckmann

Aroosh Thillainathan

Northern Data AG

At Northern Data Group, we believe unlimited High Performance Computing (HPC) will unlock unprecedented opportunities for research and development, business, and ultimately human progress. We power innovation through market-leading HPC infrastructure, operating across our three business divisions: Taiga Cloud, Ardent Data Centers and Peak Mining.Our global organization is rapidly becoming a world leader for GPU-based solutions by designing and operating ultra-efficient green HPC infrastructure.We uniquely combine intelligent and sustainable data centers, cutting-edge hardware and self-developed software for various HPC applications including Generative AI, Machine Learning and Bitcoin Mining. We operate from large-scale custom data centers and proprietary containerized data centers for ultimate site selection flexibility.

Metric
Company Name	Northern Data AG
Symbol	NB2
MSH ID	DE:NORTHERNDATA
Market	STOCKS
Sector	Technology
Industry	Information Technology Services
Country	DE
Stage
Employee Count	157
Website	northerndata.de
LinkedIn	northerndatagroup
Founders

Metric
Market Cap	1.20B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	81.89M
Revenue (LTM)
Revenue (NTM)
Gross Profit	-68.55M
EBITDA	-34.39M
Operating Income	-102.55M
Net Income	-159.55M
EPS	-5.51
Diluted EPS	-5.51
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.33
Operating Profit Margin
EBITDA Margin	-0.42
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

DE:NORTHERNDATA

Northern Data AG

Last Close

35.00

25/11 09:22

Market Cap

1.13B

Beta: -

Volume Today

4.17K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	1.51
P/B Ratio	0.71
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	25.74
EV Multiple	56.05

Metric
Days Sales Outstanding	17.92
Days Payables Outstanding	84.55
Days Inventory Outstanding	144.94
Operating Cycle	1.69K
Cash Conversion Cycle	1.53K
Asset Turnover	0.43

Metric
Operating Cash Flow	-18.75M
Free Cash Flow	-122.78M
Cash Flow to Debt	0.09
Operating Cash Flow/Sales	0.00
Free Cash Flow Yield	-0.10

Metric
Cash & Equivalents	256.66M
Accounts Receivable
Inventory	59.74M
Goodwill	14.13M
Debt to Capitalization	0.29
Debt to Assets	0.11
Current Ratio	2.01
Quick Ratio	5.00

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue	0.14