Northern Data AG acquires 86% of Bitfield shares in global expansion plan

Northern Data AG (OTCPK:NDTAF), which provides high-performance computing services in blockchain, crypto mining, data analytics, and game streaming, will purchase at least 86% of Bitfield NV shares, a transaction that will result in the indirect acquisition of some 33K ASIC miners. The ASIC hardware includes 6K high-performance ASIC miners that have already been installed and operate in Northern Data's mobile data centers. The transaction, with a total enterprise value of up to EUR 400M ($468M), involves the issuance of up to 5.1M shares of Northern Data. Eventually, Northern Data's (OTCPK:NDTAF) stake in Bitfield will increase to up to 100%. The acquisitions of Bitfield and Decentric Europe a few weeks ago further the company's ambition to expand globally. Additional details on the expansion strategy will be provided when the preliminary figures for 2020 are published, the company said. The new shares will in part come from the use of the company's