Benzinga – Frankfurt-based tech company Northern Data (OTC:NDTAF) has seen a significant change in its business model, which has caught the eye of investment bank Berenberg.
What Happened: Northern Data, previously known for its Bitcoin (CRYPTO: BTC) mining operations, has shifted its focus to cloud solutions and data center infrastructure. This transformation has led Berenberg to predict a substantial increase in the company’s stock value, reported CNBC.
The bank has initiated coverage of the company’s stock with a Buy rating and a price target of 39 euros ($41.84) per share, indicating a potential 53.2% upside from the current share price.
The company, listed on the Frankfurt Stock Exchange, operates three main divisions: Peak Mining for bitcoin mining, Taiga Cloud certified as an “Elite” partner of NVIDIA Corp (NASDAQ:NVDA) for cloud computing, and Ardent Data Centers for…
Read More
