Mining News in June：Northern Data plans $16 billion IPO, SEALMINER releases technology roadmap for Bitcoin mining machines, miners aggressively cash out, sponsored by Bitdeer
Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. Northern Data AG is speaking with potential advisers about a US initial public offering of its combined artificial intelligence cloud computing and data center businesses. Banks asked to pitch for a role have suggested valuations for the business from about $10 billion to $16 billion, the people said. Under the current plan, Northern Data would list an entity comprising its cloud computing activities, dubbed Taiga, and its data centers, called Ardent, on the Nasdaq as early as in the first half of next year. Read more 2. Bitcoin miner Bitfarms released its latest monthly production data. Bitfarms said it earned 156 BTC in May, a 42% drop from the previous month and down 66% year over year. Of that earned, it sold 136 BTC for total proceeds of $8.9 million (down from $16.1 million in April). Bitfarms had rejected a nearly $1 billion acquisition proposal from Riot Platforms, another Bitcoin mining company.（The Block） Read mor...
