Northern Data AG
ISIN: DE000A0SMU87
WKN: A0SMU8
04 December 2024 08:00AM

EQS-News: Northern Data Group to Develop Best-in-Class U.S. Data Center for High Performance Computing

Northern Data AG · ISIN: DE000A0SMU87 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2043543

EQS-News: Northern Data AG / Key word(s): Miscellaneous
Northern Data Group to Develop Best-in-Class U.S. Data Center for High Performance Computing

04.12.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Northern Data Group to Develop Best-in-Class U.S. Data Center for High-Performance Computing
 

  • Expanding portfolio to meet the demand for AI and High-Performance Computing (HPC) solutions
  • Expected to deliver 120MW in the near-term with capacity to expand up to 180MW
  • Data center to create up to 100 new jobs and support local economy


Frankfurt/Main, Germany – 4 December 2024 – Northern Data AG (ETR: NB2) (‘Northern Data Group’ or ‘the Group’), a leading provider of AI and High-Performance Computing (HPC) solutions, today announced plans for a best-in-class data center located in Maysville, Georgia, USA. The new site will support computing requirements for the soaring demand for generative AI and HPC while also underpinning Northern Data’s community focus by adding up to 100 new jobs to the local economy.

Kim Wilmoth, Maysville City Council Representative, commented:
“We are excited to have Northern Data expand in the Maysville area. This project is illustrative of the broader business growth in Jackson County positively affecting our city, and the company’s franchise fees for power will be used to support city expenditures. We can’t wait to partner with Northern Data as it advances construction on its data center.”

Design has already begun, and once complete, the new 63-acre site will deliver 120MW, with capacity to expand to 180MW. This state-of-the-art facility is designed to be future-ready, cutting-edge, high-density, and liquid-cooled, enabling the seamless integration of next-generation infrastructure and technologies that are foundational for AI and HPC innovations. The data center is expected to be fully operational in the first quarter of 2027.

Gary Tinkler, Managing Director, Data Center Infrastructure at Northern Data, commented:
“The Maysville site is an important piece of our portfolio expansion. Its strategic location offers unique advantages, allowing us to implement best-in-class solutions. These innovative systems are at the heart of our long-term vision to revolutionize data center efficiency, and we look forward to a productive working relationship with Maysville to ensure that the local community can share in our success.”

As a pioneer in HPC infrastructure, Northern Data Group’s data centers are purpose built. The company’s data centers aim to run as sustainably as possible wherever they operate, and enhanced efficiency at the Maysville facility will allow the company to empower businesses to accomplish more with less, while helping communities and national grids benefit from increased access to local energy sources.

Aroosh Thillainathan, Founder and CEO, Northern Data Group, commented:
“At Northern Data Group, our data centers are the backbone of the AI and HPC solutions our customers are developing every day. The new site in Maysville will further expand the compute power and capacity Northern Data Group can offer to our customers, creating more space for innovation while supporting the development of reliable and environmentally sustainable AI and HPC infrastructure in the United States.”

This announcement builds on Northern Data Group’s existing and ongoing U.S. investments, supporting local communities and the wider economy at large, including:


About Northern Data Group

Northern Data Group is a leading provider of AI and High-Performance Computing (HPC) solutions, leveraging high-density, liquid-cooled, GPU-based technology to empower the world’s most innovative organizations. Together with our partners, we are passionate about the potential of HPC to drive not only technological advancements but also societal progress.

Investor Relations:

Jose Cano
Vice President, Investor Relations
E-Mail: ir@northerndata.de



04.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Northern Data AG
An der Welle 3
60322 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: info@northerndata.de
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 2043543

 
End of News EQS News Service

2043543  04.12.2024 CET/CEST

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The most important financial data at a glance
  2019 2020 2021 2022 2023 2024e 2025e
Sales1 10,13 16,38 189,86 193,29 77,53 228,00 550,00
EBITDA1,2 -4,67 -12,34 320,06 -58,12 -28,23 65,00 0,00
EBITDA-Margin3 -46,10 -75,34 168,58 -30,07 -36,41 28,51 0,00
EBIT1,4 -8,57 -30,48 254,13 -265,35 -153,16 -28,00 67,00
EBIT-Margin5 -84,60 -186,08 133,85 -137,28 -197,55 -12,28 12,18
Net Profit (Loss)1 -9,27 -84,26 287,16 -265,76 -151,06 -32,00 49,00
Net-Margin6 -91,51 -514,41 151,25 -137,49 -194,84 -14,04 8,91
Cashflow1,7 -6,01 183,48 88,07 0,96 -17,60 39,00 0,00
Earnings per share8 -0,17 -1,58 5,37 -11,16 -5,22 -0,60 0,92
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Liebhart & Kollegen

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INVESTOR-INFORMATION
©boersengefluester.de
Northern Data
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0SMU8 DE000A0SMU87 AG 2.863,17 Mio € 05.10.2018 - 9F2C4M9C+2G
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
48,48 14,34 3,36 -29,75 3,90 -162,67 36,72
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.09.2024 07.05.2024 06.08.2024 17.10.2024 12.07.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,56%
44,60 €
ATH 143,00 €
+31,37% +64,89% +69,58% +69,58% +165,48%

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