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Overview
Northern Data Group builds and operates its own data centers to provide high-performance computing and artificial intelligence infrastructure for AI workloads, blockchain, bitcoin mining, and big data analytics. Its services work by offering scalable HPC resources hosted in renewable-powered facilities, giving customers access to compute and GPU-accelerated power via a cloud-like platform. Unlike many peers, it owns and runs its renewable data-center footprint and is pursuing a Europe-wide Generative AI Cloud to serve large-scale AI applications, while considering selling its mining business to sharpen focus. Its aim is to become a leading provider of AI solutions and infrastructure by delivering reliable, scalable compute and AI capabilities at scale.
About Northern Data Group
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
IPO
Headquarters
Frankfurt, Germany
Founded
2017
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Simplify's Take
What believers are saying
- Q1 2026 revenue hit €43 million, with GPU utilization reaching 85%.
- RUM Group closed the acquisition June 17, 2026, giving Northern Data access to broader capital.
- Core42's 10,000-GPU partnership and Gatti expansion deepen customer demand through 2027.
What critics are saying
- Aroosh Thillainathan resigned June 17, 2026; leadership churn now reaches the August 25 AGM.
- Northern Data's fate depends on RUM Group integration; any post-merger misexecution destroys standalone bargaining power.
- Former executives sued in California over fraud and tax-evasion claims; adverse findings trigger insolvency pressure.
What makes Northern Data Group unique
- Taiga Cloud runs roughly 22,000 H100/H200 GPUs, rare European scale for sovereign AI.
- Ardent controls 250MW across ten data centers, giving Northern Data physical compute capacity.
- Core42 and RUM Group partnerships position Northern Data inside sovereign-cloud and media-distribution ecosystems.
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Funding
Total Funding
$619.1M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Flexible Work Hours
Hybrid Work Options
Remote Work Options
Wellness Program
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 3%published on 07/18/2026 at 08:00 from Northern Bitcoin AG (ETR:NB2). EQS-News: Northern Data AG / Key word(s): Miscellaneous/Personnel Northern Data AG - Changes to the Supervisory Board and the Management Board 18.07.2026 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Northern Data AG - Changes to the Supervisory Board and the Management Board. Frankfurt am Main - 18 July 2026 - Northern Data AG (ETR: NB2) ("Northern Data Group" or "the Company"), a leading provider of AI and High-Performance Computing (HPC) solutions, today announced changes to the Supervisory Board and the Management Board. Changes to the Supervisory Board The previous Supervisory Board members, Bertram Pachaly and Dr. Bernd Hartmann, have resigned effective July 17, 2026. The Company has applied to the Frankfurt am Main District Court to appoint Dr. Tyler Hughes and Stephen Noonan as Supervisory Board members effective July 18, 2026 and until the end of the Annual General Meeting (AGM) on August 25, 2026. Dr. Tyler Hughes and Stephen Noonan are employees of RUM Group Inc., the indirect majority shareholder of Northern Data AG and will stand for re-election as members of the Supervisory Board at the upcoming AGM. Dr. Tyler Hughes has served as Chief Operating Officer of RUM Group Inc. (formerly Rumble Inc.) since August 2021. Prior to joining RUM Group, he worked nearly a decade in the pharmaceutical industry at Bayer, holding various senior strategy and operational roles. Most recently, he led marketing for Bayer's new AI-based enterprise software business. Dr. Tyler holds a PhD in Physics, specializing in nuclear medicine, and a BSc with honors in Physics from the University of British Columbia. Stephen Noonan has served as Executive Vice President Corporate Development at RUM Group Inc. since 2021. Prior to joining RUM Group, he worked over three decades in the technology sector, including leadership roles at Telcordia Technologies and Ericsson. Mr. Noonan holds a Bachelor of Business Administration (Finance) from Hofstra University and an MBA from Seton Hall University. Changes to the Management Board Additionally, the Supervisory Board has appointed Rudolf Haas, Northern Data's Chief Legal Officer since 2024, to the Management Board of the Company. Rudolf Haas will continue to lead the legal function of the Group and work closely with the leadership team to drive the successful execution of the Company's strategy. Prior to joining Northern Data, Rudolf served as a Partner at King & Wood Mallesons in Frankfurt, where he also held the position of Managing Director for their German operation since 2017. Dr. Tom Oliver Schorling, Chairman of the Supervisory Board of the Company said: "On behalf of the Supervisory Board of Northern Data, I would like to thank Mr. Pachaly and Dr. Hartmann for their valuable contribution and stewardship of the Company over the years. I am pleased to welcome Dr. Hughes and Mr. Noonan to the Supervisory Board, and Mr. Haas to the Management Board of Northern Data. I look forward to working with them as we embark on the next exciting chapter of the Company." About Northern Data, now part of Quake AI: Northern Data AG (ETR: NB2) is now part of Quake AI, a leading provider of full-stack AI and High Performance Computing (HPC) solutions, leveraging a network of high-density, liquid-cooled, GPU-based technology to enable the world's most innovative companies. Together with its partners, Web Disclosure is passionate about the potential of HPC to drive both technological and societal transformation. The company has one of the largest GPU clusters in Europe through its Taiga Cloud business, while its Ardent Data Centers business has approximately 250MW of power deployed or coming online across ten global data centers by 2027. Northern Data enjoys access to cutting-edge chips and hardware for maximum performance and efficiency. At every step, its customers are supported by Northern Data's best-in-class technologists and engineers for rapid, flexible deployment. To learn more, please visit northerndata.de. Investor Relations: Jose Cano Vice President, Investor Relations E-Mail:[email protected] 18.07.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. View original content: EQS News | Language: | English | | Company: | Northern Data AG | | / | An der Welle 3 | | / | 60322 Frankfurt/Main | | / | Germany | | Phone: | +49 69 34 87 52 25 | | E-mail: | [email protected] | | Internet: | www.northerndata.de | | ISIN: | DE000A0SMU87 | | WKN: | A0SMU8 | | Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate BSX | | LEI Code: | 391200LB6JA3HAQWTS32 | | EQS News ID: | 2367704 | | End of News | EQS News Service | 2367704 18.07.2026 CET/CEST
CEO of Northern Data AG, Aroosh Thillainathan, steps down from the Management Board. Jun. 17, 2026 5:04 PM ET Source: EQS Group AG | FRANKFURT AM MAIN, GERMANY - June 17, 2026 (NEWMEDIAWIRE) - Northern Data AG (ETR: NB2) ("Northern Data Group" or "the Company"), a leading provider of AI and High-Performance Computing (HPC) solutions, today announces that that Aroosh Thillainathan, Co-Chief Executive Officer of the Company, signed an agreement for the termination of his executive service agreement by mutual consent. He has tendered his resignation from the Management Board of the Company with effect from June 17, 2026. "We thank Aroosh Thillainathan for his many years of service with the Company and invaluable support in shaping Northern Data Group. Without him, the Company would not have been in a position to embark on this next exciting chapter," said Dr. Tom Oliver Schorling, Chairman of the Supervisory Board of the Company. About Northern Data Group: Northern Data AG(ETR:NB2) is a leading provider of full-stack AI and High Performance Computing (HPC) solutions, leveraging a network of high-density, liquid-cooled, GPU-based technology to enable the world's most innovative companies. Together with its partners, NewMediaWire, Inc. is passionate about the potential of HPC to drive both technological and societal transformation. Northern Data has one of the largest GPU clusters in Europe through its Taiga Cloud business, while its Ardent Data Centers business has approximately 250MW of power deployed or coming online across ten global data centers by 2027. Northern Data enjoys access to cutting-edge chips and hardware for maximum performance and efficiency. At every step, its customers are supported by Northern Data's best-in-class technologists and engineers for rapid, flexible deployment. To learn more, please visit northerndata.de. Investor Relations: Jose Cano Vice President, Investor Relations E-Mail:[email protected] |
Northern Data reported first-quarter 2026 revenue of €43 million, up 8% from €40 million a year earlier, as GPU utilisation across its AI and high-performance computing fleet climbed to roughly 85% in March. The company maintained its full-year 2026 revenue guidance of €130 million to €150 million. The German firm operated approximately 22,000 H100 and H200 GPUs during the quarter, with utilisation rising from 62% in December 2025. Adjusted EBITDA reached €24 million, whilst cash and cash equivalents stood at €58 million as of 31 March. Separately, Rumble confirmed its exchange offer for Northern Data remains on track for mid-June closing, with 81.3% of outstanding shares secured. Under the offer, Northern Data shareholders would receive 2.0281 newly issued Rumble Class A shares for each Northern Data share.
Rumble CEO Christopher Pavlovski announced the company is preparing for a major transformation as its acquisition of Northern Data nears completion in June. The deal will establish cloud services as a revenue pillar alongside video, with early indications suggesting cloud will become the largest revenue generator. Rumble has secured approximately 81% of Northern Data's outstanding shares and received all required regulatory approvals. Northern Data reported record Q1 revenue of roughly €43 million, with GPU utilisation rising from 62% in December 2025 to 85% in March 2026. The company confirmed its 2026 revenue outlook of €130 million to €150 million. Rumble is negotiating with multiple customers for GPU-as-a-Service and evaluating non-dilutive GPU financing offers. The company recently launched one-click OpenClaw deployment, positioning itself for AI agent deployment and crypto infrastructure applications.
Rumble has raised over $100 million in annual revenue for the first time, reporting $27.1 million in Q4 2025, a 9% sequential increase. Monthly active users reached 52 million in Q4, up 11% from the previous quarter. The video platform's recently launched Rumble Shorts has surpassed one million daily unique video views. The company is on track to complete its acquisition of AI infrastructure firm Northern Data in Q2 2026, which would add approximately 22,400 NVIDIA GPUs to Rumble Cloud's computing capacity. Rumble secured a $100 million advertising commitment from Tether, structured as $50 million annually over two years. The company also launched Rumble Wallet in January 2026, a non-custodial cryptocurrency wallet supporting Bitcoin and Tether-backed stablecoins. As of 31 December 2025, Rumble held $237.9 million in cash and 210.82 Bitcoin.
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About Northern Data Group
Industries
Data & Analytics
Hardware
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
IPO
Headquarters
Frankfurt, Germany
Founded
2017
Northern Data Group is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today