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Northern Data AG (NB2.DE)
EUR7.73
+0.53 (+7.36%)
DE XETRA Technology Information Technology Services
Address
An der Welle 3 60322
Frankfurt am Main, DE
Frankfurt am Main, DE
CEO
Aroosh Thillainathan
Website
northerndata.de
IPO
2018-10-05
ISIN DE000A0SMU87
Also trades on
Deutsche Börse · NB2.DE (EUR)
Frankfurt Stock Exchange · NB2.F (EUR)
Other OTC · NDTAF (USD)
Description
Northern Data AG, headquartered in Frankfurt am Main, Germany, provides high-performance computing (HPC) infrastructure solutions across the globe. This infrastructure supports a diverse range of HPC applications, including cloud computing, Bitcoin hosting and associated services, the mining of various altcoins and Bitcoin, and the operation of data centers. The company officially adopted its current name, Northern Data AG, in January 2020, having previously operated as Northern Bitcoin AG.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR7.73
+0.53 (+7.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
48.0K
Beta
1.02
Float Shares
39.35M
Free Float %
61.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.66% | +4.23% | +33.17% | +57.14% | +11.86% | +19.83% | -37.69% | -11.76% | -82.14% | -4.35% | -4.35% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
7.73
Ratings Trend (MoM)
67% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-0.56
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Information Technology Services: +10.1%-60.1% Q4'25: -1,069.6% (vs Q2'20)
-
EPS growth Information Technology Services: +16.7%-38.2% Q4'25: -0.6% (vs Q2'20)
-
FCF margin FCF growth · Information Technology Services: +32.8%-244.0% Q4'25: +812.2% (vs Q2'20)
-
EBIT margin Information Technology Services: +9.0%-571.1% Q4'25: +2,119.2% (vs Q2'20)
-
ROIC Information Technology Services: +9.5%-40.4%
-
Share dilution Information Technology Services: +0.0%+121.8% Q4'25: +441.9% (vs Q2'20)
-
Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×-9.72× Q4'25: -0.59× (vs Q2'20)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
193.29M
est: 193.29M (+0.0%)
|
77.53M
est: 77.53M (+0.0%)
|
200.27M
est: 214.22M (-6.5%)
|
80.00M
est: 223.07M (-64.1%)
|
485.00M
485.00M – 485.00M
+117.4% YoY
|
515.00M
515.00M – 515.00M
+6.2% YoY
|
| EBITDA |
-169.49M
est: -64.24M (-163.8%)
|
-87.55M
est: -25.77M (-239.8%)
|
43.06M
est: -69.42M (+162.0%)
|
-76.67M
est: -72.28M (-6.1%)
|
-157.16M
-157.16M – -157.16M
-117.4% YoY
|
-166.88M
-166.88M – -166.88M
-6.2% YoY
|
| EBIT |
-265.25M
est: -92.77M (-185.9%)
|
-152.08M
est: -37.21M (-308.7%)
|
-80.06M
est: -102.82M (+22.1%)
|
-456.84M
est: -107.06M (-326.7%)
|
-232.78M
-232.78M – -232.78M
-117.4% YoY
|
-247.18M
-247.18M – -247.18M
-6.2% YoY
|
| Net Income |
-265.78M
est: -265.77M (0.0%)
|
-151.06M
est: -151.06M (+0.0%)
|
-127.44M
est: -78.00M (-63.4%)
|
-390.00M
est: -163.70M (-138.2%)
|
24.39M
24.39M – 24.39M
+114.9% YoY
|
19.26M
19.26M – 19.26M
-21.1% YoY
|
| SGA |
26.71M
est: 48.10M (-44.5%)
|
23.31M
est: 19.29M (+20.8%)
|
54.55M
est: 37.16M (+46.8%)
|
—
est: 38.70M (-100.0%)
|
84.14M
84.14M – 84.14M
+117.4% YoY
|
89.34M
89.34M – 89.34M
+6.2% YoY
|
| EPS |
-11.16
est: -11.16 (0.0%)
|
-5.22
est: -5.22 (0.0%)
|
-4.40
est: -1.16 (-279.3%)
|
-6.08
est: -2.50 (-143.2%)
|
0.38
0.38 – 0.38
+115.2% YoY
|
0.30
0.30 – 0.30
-21.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-28 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-27 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-26 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-25 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-22 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-21 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-20 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-19 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-14 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
174.67M
OE per share TTM
9.45
Owner's Yield
16.49%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
255.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 2 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - Blockchain ETF BKCH | 0.21% | 497.9K | 0.50% |
| 2 | Global X - Blockchain UCITS ETF BKCH.L | 0.21% | 169.9K | 0.50% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
-29.1K
Shares Outstanding
64.20M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Aroosh Thillainathan | Group Founder, Chairman of Management Board & Chief Executive Officer | — | male |
| Charlotte Park | Group Chief People Officer | — | female |
| Elliot Jordan | Group Chief Financial Officer | — | male |
| John Hoffman | Co-CEO & Member of Management Board | — | male |
| Rudolf Haas | Group Chief Legal Officer | — | male |
| Scott Bailey | Group Chief Operating Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for NB2.DE
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
