Northern Data, based in Frankfurt, builds and delivers infrastructure solutions for high performance computing (HPC) applications. In a recent development, Northern Data announced the acquisition of Decentric Europe from Block.one in a € 365 million deal. Northern Data will also acquire all GPU hardware from Decentric.
Overview of transactions
The acquisition involves a cash transaction of 195 million euros – payable within 12 months – as well as approximately 170 million euros in new shares (2.3 million shares). Block.one will now own an approximate 18.2 percent stake in Northern Data.
Get to know the incredible finalists here
Block.one is the creator of EOSIO, an open source blockchain software that provides digital creators with the tools to build high performance blockchain infrastructure.
Speaking on the development, Brendan Blumer, CEO of Block.one, said: “Delivering HPC infrastructure solutions that use 100% renewable energy sources is fundamental to sustainably meeting the growing demand for AI and blockchain computer processing. I am delighted to see Northern Data continue to expand its global capabilities to better serve its growing customer base.
About northern data
Founded in 2009 by Aroosh Thillainathan, Northern Data provides the infrastructure for various HPC applications in areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering.
The company offers its HPC solutions in large fixed data centers, as well as high-tech mobile data centers that can be installed anywhere in the world. In doing so, it combines in-house developed software and hardware with concepts of sustainable energy supply.
Commenting on the acquisition, Aroosh Thillainathan, who is also the CEO, said: “The acquisition of Block.one’s entire portfolio of GPU server systems represents a quantum leap in company history. by Northern Data. We now have at our disposal all the critical components necessary to cover the enormous demand from customers for data processing capacity in the HPC field.
“I am particularly proud that the entire cluster is powered exclusively by green energy. We will soon be taking additional steps to complete our offering throughout the value chain so that we can meet the needs of tomorrow’s customers by providing everything from hardware to an HPC application platform, ”he said. -he adds.
Objective of this acquisition
As previously mentioned, Northern Data will also acquire GPU hardware from Decentric Europe which includes nearly 223,000 GPU cards produced by AMD and Nvidia. These are installed in more than 24,000 server systems from GIGABYTE Technology, a supplier of high performance servers. The company will complete the full installation of all GPU server systems at its sites by the third quarter of 2021.
According to Northern Data, a large-scale project to build one of the largest GPU-based distributed computing clusters for HPC applications will involve sites in Norway, Sweden, the Netherlands and Germany.
With this, Northern Data’s computing power as a whole will increase to around 2.6 FP32 exaflops (390 FP64 petaflops) and around 13.86 terahashes. To put this in perspective, the world’s fastest supercomputer, the Japanese “Fugaku”, delivers 1.07 exaflops FP32.
This computing power will be deployed for the strategic HPC applications of Northern Data customers. At the same time, the company is also looking to accelerate its expansion of HPC business for applications that go beyond blockchain use cases.
Northern Data’s sells its data center in Texas
In May 2021, Northern Data completed the sale of its U.S. subsidiary Whinstone US, Inc., which operates a high-performance data center based in Rockdale, Texas, to Riot Blockchain, Inc. The transaction consisted of approximately $ 67 million. euros in cash and 11.8 million common shares of Riot Blockchain, Inc. As a result of the transaction, Northern Data owns approximately 12% of the total outstanding common shares of Riot Blockchain, Inc.
Currently, Whinstone US is building the largest HPC data center in the United States and, at the same time, the largest dedicated HPC facility in the world.
How his partnership with Salesforce helped him succeed!