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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Northern Data
Northern Data (NB2) investor relations material
Northern Data H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary7 Aug, 2026
Executive summary
Q2 2026 revenue reached approximately EUR 54 million, a significant increase from EUR 0.6 million in Q2 2025.
Adjusted EBITDA for Q2 2026 was approximately EUR 23 million.
Financial highlights
Cash and cash equivalents as of June 30, 2026, stood at approximately EUR 40 million, down from EUR 58 million at March 31, 2026.
A non-cash financial expense of EUR 251 million was recognized due to a decrease in the fair value of contingent consideration related to the Peak Mining business disposal.
Outlook and guidance
Revised assumptions indicate an imminent sale of the Corpus Christi sites is no longer probable, impacting future cash flow expectations.
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Latest events from Northern Data
- 2025 saw a strategic pivot, major losses, and a focus on AI/HPC growth amid regulatory risks.NB2
H2 2025 - Revenue up 72% and Adjusted EBITDA up 101% year-over-year, despite a wider net loss.NB2H1 2025
- Cloud revenue up 56% QoQ in Q2 2024; full-year guidance reaffirmed at EUR 200–240 million.NB2H1 2024
- Cloud revenue now drives 80% of total, fueling record growth and strong EBITDA margins.NB2Q3 2024
- Revenue down, but major investments set up Northern Data for strong 2024 growth.NB2H2 2023
- FY 2024 revenue up 159% to EUR 200.5M, led by cloud growth and major GPU expansion.NB2H2 2024
Next Northern Data earnings date
H2 202617 Mar, 2027
Northern Data
Next Northern Data earnings date
H2 202617 Mar, 2027
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Frequently asked questions
Northern Data AG, identified by the ticker NB2, operates within the information technology sector, focusing on developing and constructing infrastructure solutions in the domain of High-Performance Computing (HPC). The company provides infrastructure for a variety of HPC applications, including cloud computing, cryptocurrency hosting services and hardware, alongside both stationary and mobile data centers. Its HPC solutions cater to diverse areas such as machine learning and artificial intelligence (AI), big data analytics, blockchain, game streaming, and video rendering. Northern Data AG is headquartered in Frankfurt am Main, Germany, and its shares are listed on the Xetra.