It's still faster to go public! Much faster than mining.

Mining company Northern Data plans to IPO in the United States next year, with a valuation of up to $16 billion

On July 2, Bloomberg reported that Bitcoin miner Northern Data is considering an initial public offering (IPO) in the United States as early as the first half of next year. The entity will be listed after merging a cloud computing service called Taiga and its data center called Ardent. Banks recommend a valuation of between $10 billion and $16 billion for the business.

Northern Data may also sell a minority stake in the division to investors before going public.

Tether previously provided Northern Data with a $610 million credit facility in November 2023 and purchased shares of Northern Data AG in September 2023.