Northern Data AG announces new 100 MW US customer

- First US-based customer for new Texas HPC-site

- Customer will invest 30 million USD for CAPEX in the first phase

FRANKFURT AM MAIN, Germany-Tuesday 21 April 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world's largest providers of high-performance computing (HPC) solutions, today announces a new customer for the provision of 100 megawatts of HPC power through its new Texas facility.

The new customer is the first US based customer of Northern Data AG and will be served by the world's largest HPC data center in Texas, which is expected to start operating imminently.

Northern Data's world leading Texas HPC data center is being constructed and expanded on an area of ​​more than 100 acres, which corresponds to the size of around 57 soccer fields. International clients have now each signed contracts with a duration of approx. 5 to 10 years for up to 450 megawatts in total, meaning that it has secured almost half of the target one gigawatt for the end of 2020. The company continues to plan a total utilized capacity of one gigawatt at the Texas site by the end of the year and to expand the location to up to 3.6 gigawatts within the coming years.

"After initially signing multinational corporations for our newest site in Texas, this first onshore customer from the United States is another great achievement for our US team. Compared to regular datacenters, these 100 MW alone are a multiple of the capacity of most of the datacenters in the world," explains Aroosh Thillainathan, CEO of Northern Data AG. "This underscores our position as the world's leader in large-scale HPC solutions."

In the initial phase, Northern Data's new partner will make an additional USD 30 million investment in CAPEX. Northern Data is currently planning to take the customer online in the second half of 2020.

The company is also in final negotiations with additional blue chip customers and remains confident to meet the target of fulfilling utilization of one gigawatt in total capacity by end of the year 2020.

About Northern Data:

Northern Data AG builds and offers global infrastructure solutions in the field of High-Performance Computing (HPC), offering solutions in the fields of machine learning and artificial intelligence, big data analytics, blockchain applications, game streaming and others. Operating internationally the Company evolved from the merger of German Northern Bitcoin AG and American Whinstone US, Inc. and is now a recognized leader in the provision of HPC solutions worldwide. The Company offers HPC solutions, both stationary in large state-of-the- art data centers as well as in high-tech mobile data centers, which can be located at any location worldwide. In doing so, it combines self-developed software and hardware with intelligent concepts for sustainable energy supply. In Texas, Whinstone is currently building the largest HPC data center in the USA and, at the same time, the world's largest dedicated HPC facility.

Disclaimer:

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

 


Language:

 
English

Company:

 
Northern Data AG

 
Thurn-und-Taxis-Platz 6

 
60313 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, Munich (m:access), Tradegate Exchange



View source version on businesswire.com: https://www.businesswire.com/news/home/20200420005318/en/

Contacts
Press contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
E-Mail: h.duerr@northerndata.de
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
E-Mail: ir@northerndata.de
Phone: +49 89 89 82 72 27

Permalink : https://www.aetoswire.com/news/northern-data-ag-announces-new-100-mw-us-customer/en