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Germany-Based Bitcoin Miner Northern Data Forecasts €190M Revenue for 2022

Bitcoin miner Northern Data, based out of Germany,  anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022.

Information has been made public by Aroosh Thillainathan, CEO of Northern Data, in a shareholders letter on Dec. 21. At the midpoint range, the expected revenue exceeded the previous year’s €189.9 million ($194.934 million) by 1.11%.

According to the report, the firm expects earnings of €40 – 75 million ($43 – $80 million) for 2022, excluding interest, taxes, and depreciation (EBITDA).

(by Soumen Datta)

Bitcoin Miner
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