Northern Data AG
XETRA:NB2

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Northern Data AG Logo
Northern Data AG
XETRA:NB2
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Price: 14.41 EUR -1.3% Market Closed
Market Cap: 925.1m EUR

Northern Data AG
Investor Relations

Northern Data AG, originating from Germany, casts a significant presence in the realm of high-performance computing (HPC) infrastructure solutions. The company stands at the crossroads of cutting-edge technology and sustainable business practices, offering a robust framework for applications requiring vast computational power. From blockchain technology to artificial intelligence, Northern Data provides capacity and expertise to enterprises seeking efficient processing at scale. Their operational ecosystem encompasses sophisticated data centers strategically located to optimize energy use, frequently integrating renewable energy sources to align with sustainability goals. Tailored solutions are a hallmark of their offering, often specifically designed to meet the computational demands of their clients.

Revenue generation for Northern Data AG is primarily centered around providing HPC infrastructure and related services to a diverse client base. The company monetizes its expertise through data center space, leveraging economies of scale to deliver cost-effective services. Additionally, a significant portion of its revenue stems from strategic collaborations with businesses that manage and host intensive computational workloads, such as those involved in cryptocurrency mining and software development. By harnessing these strategic partnerships and technological assets, Northern Data has carved out a niche, capitalizing on the exponential growth in data demand across various high-tech sectors.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Jan 21, 2025
AI Summary
Q4 2024

Revenue Growth: Northern Data reported revenue of EUR 200.5 million for 2024, up 159% year-on-year and in line with guidance.

Profitability: Adjusted EBITDA expected to be between EUR 60 million and EUR 80 million for 2024, a significant improvement from negative EUR 5.5 million last year.

Cloud Momentum: Cloud revenue hit a record EUR 121 million for 2024, up 722% from 2023, now representing 60% of total revenue.

Mining Business: Peak Mining capacity increased to 7.9 exahash, with Q4 mining revenue up 171% quarter-on-quarter to EUR 32 million; company progressing with plans to sell the mining business.

GPU Investment: Over 22,000 NVIDIA H100/H200 GPUs acquired, with further GPU deployments and improved utilization expected to drive growth in 2025.

Positive Cash Position: EUR 120 million in cash and cash equivalents at year-end; operating cash flow turned positive in Q4.

Customer Diversification: Revenue in Q4 came from 9 customers, with ongoing plans to expand the customer base further in 2025.

Audit & Governance: Confident in publishing audited 2024 results by March 2025, citing improved financial controls and reporting.

Key Financials
Revenue
EUR 200.5 million
Revenue (Q4)
EUR 86 million
Cloud Revenue (2024)
EUR 121 million
Cloud Revenue (Q4)
EUR 55 million
Mining Revenue (Q4)
EUR 32 million
Adjusted EBITDA (2024)
EUR 60–80 million
Cash and Cash Equivalents (year-end 2024)
EUR 120 million
Bitcoin Mining Capacity
7.9 exahash
Number of GPUs Acquired
over 22,000
Operating Cash Flow (Q4)
positive
Operating Cash Flow (2024)
EUR -39 million
Financing Cash Flow (2024)
EUR 903 million inflow
Investing Cash Flow (2024)
EUR 987 million outflow
Earnings Call Recording
Other Earnings Calls

Management

Mr. Aroosh Thillainathan
Group Founder, Chairman of Management Board & CEO
No Bio Available
Mr. Elliot Jordan
Group Chief Financial Officer
No Bio Available
Ms. Rosanne Kincaid-Smith
Group Chief Operating Officer
No Bio Available
Mr. Jose Cano Perez
Vice President of Investor Relations
No Bio Available
Mr. Rudolf Haas
Group Chief Legal Officer
No Bio Available
Dr. Hans Joachim Durr
Head of Corporate Communications
No Bio Available
Mr. Adrian McGreevy
Vice President of Sales
No Bio Available
Mr. Christoph Lugert
Vice President of Group Marketing
No Bio Available
Mr. Niek Beudeker
Managing Director of Peak Mining
No Bio Available
Mr. Mick McNeil
Group Chief Revenue Officer
No Bio Available

Contacts

Address
HESSEN
Frankfurt
An der Welle 3
Contacts
+496934875225.0
www.northerndata.de