The production of cryptocurrencies is lucrative, but energy and computationally intensive.
(Photo: Bloomberg)
Frankfurt It’s usually non-news: a publicly traded company receives an attestation for its annual balance sheet. But that is exactly what is important news for the Frankfurt data center operator Northern Data.
“Northern Data AG today received unqualified certificates from the auditing company KPMG for the annual financial statements and the consolidated financial statements for 2020. The (…) preliminary group annual figures have been confirmed, ”announced the company on Tuesday morning in a mandatory announcement. The Executive Board reaffirmed its guidance for 2021 that the Annual General Meeting should take place on December 23 at the latest. Shortly after the announcement, the stock gained more than 27 percent.
On request, anchor shareholder Christian Angermayer stated: “As a long-term investor, I’m interested in the fundamental development, and it’s excellent. Northern Data has the potential to become a leading global HPC player. The price development of Bitcoin and Co. gives additional tailwind. ”HPC stands for“ High Performance Computing ”, complex arithmetic tasks performed by Northern Data.
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