Northern Data Group Reports H1 2025 Financial Performance

Northern Data Group has announced its financial results for the first half of 2025. Revenue reached EUR 94.3 million, marking a 72% increase from the same period in 2024. Adjusted EBITDA showed significant improvement, more than doubling to EUR 21.3 million.

The rise in revenue was driven by the Taiga Cloud and Peak Mining sectors. The combined revenue from Cloud and Data Centers totaled EUR 40.8 million, a 116% year-on-year increase. Infrastructure upgrades initiated in Q2 have bolstered customer interest in Northern Data's Cloud operations.

Despite these gains, Northern Data reported a net loss of EUR 164.6 million, a substantial increase from the previous year's EUR 32.6 million loss. This was attributed to higher operating expenses and depreciation costs due to infrastructure expansions. Earnings per share also fell, dropping from EUR -0.61 to EUR -2.56.