Sources: Northern Data is weighing a US IPO of its combined AI cloud computing and data center businesses at a valuation of up to $16B as early as in H1 2025 (Bloomberg)

Bloomberg:
Sources: Northern Data is weighing a US IPO of its combined AI cloud computing and data center businesses at a valuation of up to $16B as early as in H1 2025  —  - Combined cloud, data center business could list on Nasdaq  — Company secured financing from Tether Group to buy chips