Along with the release of H125 figures, Northern Data Group has provided an update on its strategic evolution, with news of third-party interest in acquiring the group, as well as an update on the sale of Peak Mining.

Northern Data has revised its targets for the current year, reflecting technology investments and changes in market conditions. While the investments will clearly have longer-term benefits, the reality is a setback for current-year expectations and turns 2025 into another year of transition. The company should remain of interest to investors wanting exposure to the longer-term growth in high performance computing (HPC) infrastructure fuelled by AI services.

Northern Data has announced a new strategic partnership with Gcore, a leading provider of edge AI, cloud, network and security solutions. We see this as an important initiative, consistent with management’s long-term aim to establish the company as a leading provider of HPC data centres and AI services. We also note the recent publication of the full audited figures and Report and Accounts on 28 March, confirming all preliminary figures (released 21 January).