Following the completion of the successful merger of Northern Data AG and Whinstone US Inc., Northern Data is now the owner of the world's largest HPC data centre currently nearing completion in Texas, US, with an initial capacity of 350 megawatts expected to increase to 1 gigawatt by year-end 2020.
Northern Data has signed binding contracts to provide HPC solutions to global customers, and as such expects significant growth in both total revenues and earnings before interest, taxes, depreciation and amortization (EBITDA). Based on current expectations and in accordance with contracts that have already been signed, the Management Board anticipates revenues of 120 million euro to 140 million euro in the course of the financial year 2020. Accordingly, the Management Board expects an EBITDA for the financial year 2020 of between 45 million euro and 60 million euro.
This represents a significant increase in comparison to the expected preliminary numbers for Northern Data for 2019 with revenues of around 10 million euro and a negative EBITDA of around 8 million euro.
"We have been working on the world's largest HPC data centre in Texas for some time and have secured high-quality contracts with global blue-chip customers. We are looking forward to the exciting next step of going live in the coming months", stated Aroosh Thillainathan, CEO of Northern Data AG. "Given these recent developments and our state-of-the-art facility in the US, we feel more than confident to deliver this guidance and continue our steep growth path for the years to come."