Germany’s Bitcoin mining firm, Northern Data, is reportedly considering an initial public offering (IPO) in the U.S. next year for its combined artificial intelligence (AI) cloud computing and data center businesses. Sources familiar with the matter have stated that the IPO could value the company between $10 billion and $16 billion. Before the listing, Northern Data might sell a minority stake in the unit to investors. The company is currently in talks with potential advisers and could choose lead banks in the coming months. The decision to combine the AI and data center units is unclear, as the company had previously considered separate IPOs for each. Following this news, Northern Data shares on the XETRA stock exchange rose over 5% to €25. In September 2023, Northern Data collaborated with Tether to focus on initiatives related to AI, peer-to-peer communications, and data storage solutions. The specific financial details of the collaboration were not disclosed.