Northern Data AG (XETRA: NB2) is a global leader in high-performance computing (HPC) and digital infrastructure, specializing in the deployment and operation of cutting-edge data centers and cloud solutions. Headquartered in Germany, Northern Data operates a diversified portfolio that includes AI, blockchain, and GPU-based computing services, leveraging state-of-the-art technology and strategic partnerships to drive growth. In 2024, Northern Data significantly expanded its footprint, deploying 12,000 NVIDIA H100 Tensor Core GPUs and launching its AI Accelerator. The company’s cloud revenue has seen substantial growth as it continues to onboard customers to its NVIDIA ecosystem, offering one of the few sovereign AI cloud services globally selected by NVIDIA for Grace Blackwell-based infrastructure. Northern Data is also upgrading its data centers, including a major site in Pittsburgh, and expanding colocation partnerships to meet the increasing demand for HPC and AI services. Northern Data’s financial performance in the first half of 2024 reflects this growth, with revenue projections of EUR 200-240 million and an adjusted EBITDA of EUR 50-80 million for the full year. The company is on track to achieve over EUR 500 million in revenue by 2025, driven by its strong execution, capital-efficient strategy, and focus on delivering industry-leading compute solutions. With a clear vision for the future, Northern Data is poised to accelerate its growth in 2025 and beyond, leveraging its expertise in digital infrastructure to support the rapidly evolving markets of AI, HPC, and digital assets.

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