Northern Data, a Bitcoin mining company based in Frankfurt, forecasts a significant revenue jump in 2024, expecting sales to triple thanks to high-performance computing (HPC) solutions and AI investments. Revenue is projected to rise to €240 million this year from €77.5 million in 2023. The firm beat market expectations last year, attributing success to robust investments in teams and HPC structures. With $1 billion in debt and equity funding secured in 2023, Northern Data aims to leverage the growing demand for HPC and generative AI. Future projections indicate revenue could soar to €570 million by 2025. Additionally, Northern Data plans a potential U.S. IPO for its AI cloud computing and data center businesses next year, potentially valuing the entity between $10 billion and $16 billion.