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Northern Data Group reports Q2 2026 including the adverse fair value movement on contingent consideration Northern Data AG / Key word ( s ) : Results / Quarter Northern Data Group reports Q2 2026 including the adverse fair value movement on contingent consideration 07 - Aug - 2026 / 23 : 21 CET / CEST Disclosure of an inside information acc . to Article 17 MAR of the Regulation ( EU ) No 596/2014 , transmitted by EQS News - a service of EQS Group . The issuer is solely responsible for the content of this announcement . Disclosure of an inside information acc . to Article 17 of the Regulation ( EU ) No 596/2014 Northern Data Group reports Q2 2026 including the adverse fair value movement on contingent consideration Frankfurt am Main - 7 August 2026 - Northern Data AG ( ETR : NB2 ) ( “ Northern Data " or " the Group " ) , a leading provider of AI and High - Performance Computing ( HPC ) solutions , today publishes its Q2 2026 results , including the adverse fair value movement on a contingent consideration . Q2 2026 revenue [ 1 ] was approximately EUR 54 million ( Q2 2025 : EUR 0.6 million ) and Q2 2026 adjusted EBITDA [ 2 ] was approximately EUR 23 million [ 3 ] . Cash and cash equivalents balance as of June 30 , 2026 , amounted to approximately EUR 40 million ( March 31 , 2026 : EUR 58 million ) . As part of the fair value assessment of the contingent consideration receivable recognized in connection with the disposal of the Peak Mining business , a decrease in fair value of EUR 251 million was recognized , reducing the carrying amount from EUR 271 million at December 31 , 2025 , to EUR 20 million at June 30 , 2026. The decrease was recognized as a non - cash financial expense . The reduction primarily reflects revised assumptions regarding the likelihood and timing of a future sale of the Corpus Christi sites , changes in expected future cash flows under the contingent consideration arrangements resulting from the developments in Bitcoin market prices and related mining economics , and the expiry of the call option granted to Northern Data in connection with the disposal of the Peak Mining business . While the contractual entitlement to participate in future sale proceeds remains in place , Northern Data obtained confirmation from the acquirer of the Peak Mining business that it does not intend to pursue a near - term sale of the Corpus Christi sites . Based on this information , the Group no longer