Northern Data AG (CHIX:NB2d)

€ 47.52 (0%) Market Cap: 1.49 Bil Enterprise Value: 2.08 Bil PE Ratio: 0 PB Ratio: 1.77 GF Score: 17/100

Q4 2024 Northern Data AG Earnings Call Transcript
Jan 21, 2025

€52.8

Earnings

Q4 2024 Northern Data AG Earnings Call Transcript

Jan 21, 2025 / 02:00 PM GMT

Release Date Price: €52.8

Transcript

Key Points

Positve

Northern Data AG (XTER:NB2) reported a significant revenue growth of 159% year-on-year, reaching over €200 million.
The company achieved a record cloud revenue of €121 million, marking a 722% increase from 2023.
Northern Data AG has successfully expanded its Bitcoin mining capacity to 7.9 X hash, resulting in an 88% year-on-year revenue growth in peak mining for Q4.
The company remains well-funded with €120 million in cash and cash equivalents at year-end.
Northern Data AG is positioned as Europe's largest AI cloud platform, leveraging cutting-edge NVIDIA technology and carbon-neutral energy solutions.

Negative

The company faced delays in deploying GPU clusters due to the complexity of configurations and supply chain issues.
Operational cash flow for the full year 2024 was an outflow of €39 million, despite positive cash flow in Q4.
The sale of the mining business is still in progress, with no specific valuation disclosed yet.
Northern Data AG's customer base remains concentrated, with efforts needed to diversify beyond existing leading customers.
The company is still in the process of finalizing its audited financial results, which are expected by the end of March 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NB2.DE - Northern Data AG
Q4 2024 Northern Data AG Earnings Call
Jan 21, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone and welcome to today's call. Thank you all for joining us today.

Now on the call today, we're joined by our CEO and founder Austla Nathan alongside Jordan our group CFO Before we start, as usual, I must remind you that as always this presentation and management comments reflect underline assumptions and include forward-looking statements. I will not read the full disclaimer, but I will assume it has been read for the purpose of this call.

Now, let's start by walking through today's agenda. First, I will provide an overview of no data and share some key highlights from 2024.

Next, we'll dive into the financials Elliot will review key performance metrics and finally, we'll wrap up with a Q

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