{"id":57284,"date":"2025-11-07T09:36:16","date_gmt":"2025-11-07T07:36:16","guid":{"rendered":"https:\/\/www.fyb.de\/northern-data-sells-peak-mining-division\/"},"modified":"2025-11-07T09:36:16","modified_gmt":"2025-11-07T07:36:16","slug":"northern-data-sells-peak-mining-division","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/northern-data-sells-peak-mining-division\/","title":{"rendered":"Northern Data sells \u201cPeak Mining\u201d division"},"content":{"rendered":"<p>Frank\u00adfurt a. M. \u2014 Gleiss Lutz has advi\u00adsed Nort\u00adhern Data AG, a data center opera\u00adtor, on the sale of its \u201cPeak Mining\u201d divi\u00adsion. Nort\u00adhern Data has alre\u00adady recei\u00adved a payment of USD 50 million upon conclu\u00adsion of the sale agreement.&nbsp;<\/p>\n<p>Nort\u00adhern Data will also receive addi\u00adtio\u00adnal perfor\u00admance-rela\u00adted payments of up to USD 150 million (\u201cearn-out\u201d) over the next five years. These result from a profit share in the current cash earnings poten\u00adtial of the exis\u00adting 100 mega\u00adwatts of mining capa\u00adcity and the poten\u00adtial future expan\u00adsion of mining acti\u00advi\u00adties at the Corpus Christi site.&nbsp;<\/p>\n<p>A possi\u00adble resale of the opera\u00adti\u00adons at the Corpus Christi site could result in sales proceeds that exceed the earn-out. Nort\u00adhern Data is a leading provi\u00adder of full-stack solu\u00adti\u00adons&nbsp;for<br>\nArti\u00adfi\u00adcial Intel\u00adli\u00adgence and High Perfor\u00admance Compu\u00adting (HPC). <\/p>\n<p>Gleiss Lutz regu\u00adlarly advi\u00adses Nort\u00adhern Data, most recently on a 20 percent increase in its share capital.<\/p>\n<p><strong>Advi\u00adsor Nort\u00adhern Data AG: Gleiss Lutz<\/strong><\/p>\n<p><strong>Dr. Stephan Aubel, <\/strong>photo \u00a9 Gleiss Lutz (lead, part\u00adner), Alex\u00adan\u00adder Gebhardt (coun\u00adsel), Mela\u00adnie Barwich (coun\u00adsel), Chris\u00adtian Schr\u00f6\u00adder (all corpo\u00adrate and capi\u00adtal markets), Anne G\u00f6rg (corpo\u00adrate, all Frank\u00adfurt), Dr. Walter Andert (corpo\u00adrate and capi\u00adtal markets, Berlin).<\/p>\n<p>Working <strong>in-house<\/strong> for Nort\u00adhern Data were: Rudolf Haas (Chief Legal Offi\u00adcer), Martin Rinscheid (Deputy Legal Coun\u00adsel), Mareile M\u00fcller-Felsch (Head of Legal) and Konrad v. Buch\u00adwaldt (Senior Tran\u00adsac\u00adtion Counsel).<\/p>\n<p>Nort\u00adhern Data was advi\u00adsed on US law by a team from <strong>Latham &amp; Watkins<\/strong> in<br>\nNew York led by Robert M.&nbsp;Katz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frank\u00adfurt a. M. \u2014 Gleiss Lutz has advi\u00adsed Nort\u00adhern Data AG, a data center opera\u00adtor, on the sale of its \u201cPeak Mining\u201d divi\u00adsion. Nort\u00adhern Data has alre\u00adady recei\u00adved a payment of USD 50 million upon conclu\u00adsion of the sale agree\u00adment.&nbsp; Nort\u00adhern Data will also receive addi\u00adtio\u00adnal perfor\u00ad\u00admance-rela\u00ad\u00adted payments of up to USD 150 million (\u201cearn-out\u201d) [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":57282,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-57284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northern Data sells &quot;Peak Mining&quot; division - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/northern-data-sells-peak-mining-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Data sells &quot;Peak Mining&quot; division - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Frank\u00adfurt a. M. \u2014 Gleiss Lutz has advi\u00adsed Nort\u00adhern Data AG, a data center opera\u00adtor, on the sale of its \u201cPeak Mining\u201d divi\u00adsion. 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