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Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the Germany-based enterprise AI company Aleph Alpha. The deal, which has yet to close, will value the newly formed company at $20 billion, the FT reported. Schwarz Group, one of Aleph Alpha’s top backers, will also invest $600 million in Cohere’s Series E round, which is expected to close later this year,…

Germany-based Bitcoin miner Northern Data forecasts €190M revenue for 2022

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Bitcoin miner Northern Data, based out of Germany,  anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022.

Information has been made public by Aroosh Thillainathan, CEO of Northern Data, in a shareholders letter on Dec. 21.  At the midpoint range, the expected revenue exceeded the previous year’s €189.9 million ($194.934 million) by 1.11%.

According to the report, the firm expects earnings of €40 – 75 million ($43 – $80 million) for 2022, excluding interest, taxes, and depreciation (EBITDA).

As reported, the firm can generate more than 300 Bitcoin per month with its available computing power of 3.3 EH/s. Considering the output of the roughly 13,000 upcoming ASIC miners and power contracts in the coming months, the CEO noted that bitcoin production could reach 500 BTC mathematically.

A hard time for Bitcoin miners

Thillainathan noted the crypto market has been unstable since the beginning of the year, with Bitcoin (BTC) prices dropping more than 60%. Nevertheless, the firm held its ground, according to the CEO.  Thillainatha said:

“We have expanded our Bitcoin mining business in 2022 and successfully held ground in an environment that has been simultaneously impacted by collapsing Bitcoin prices, extreme increases in electricity prices, and hash-rate high.”

In addition to discussing the current market conditions, Thillainathan also touched on investors losing money because of “great expectations.” However, he also noted that Northern Data has no financial debt.

On Dec. 21, major Bitcoin mining firm Core Scientific filed for bankruptcy due to its significant pending debts. The CEO noticed an opportunity for scaling in these market conditions.  Thillainatha stated:

“Therefore, we again intend to use this situation, as we did in 2020, to our advantage: a very favorable entry time, an uncertain global economy, volatility on the capital market, and a realignment of the blockchain network for the future.”

Another U.S. Bitcoin miner, Greenridge, is also undergoing restructuring efforts in order to avoid bankruptcy in a troubling time for miners.

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Korea Republic and Augsburg midfielder Koo Ja-cheol is hoping for a double dose of success at the 2018 FIFA World Cup.

Koo, who has been plying his trade in the Bundesliga since 2011, will be coming up against some familiar faces at Russia 2018, with the South Koreans set to face Germany in Group F on June 27.

By that time, both teams would have faced the other two nations in their group – Mexico and Sweden – meaning that match in Kazan could be a do-or-die for either’s hopes of reaching the Round of 16.

Nonetheless, Koo – who is enjoying life in Augsburg – is hoping that will not be the case.

“Since Germany is a team who is hoping to win the World Cup, I also hope that Germany wins the World Cup,” said Koo, in a Bundesliga feature on him ahead of the tournament.

“I hope South Korea make it to the quarter-finals, or perhaps even the semi-finals.

No matter how far we go, I want to be able to say that we gave it everything.”

Along with the likes of Son Heung-min and Ki Sung-yueng, Koo will be crucial to the Taegeuk Warriors’ prospects at the World Cup, given he has been one of their best players in recent seasons.

A solid return once again this season from #FCA's Ja-Cheol #Koo! 💪 pic.twitter.com/LtzVxvMcX2

— FC Augsburg English (@FCA_World) June 3, 2018

Having first moved to Germany as a 20-year-old when he joined Wolfsburg, the Chungju native showed plenty of resilience to adapt to his new surroundings.

Having spent time at Augsburg on loan previously, Koo moved to the WWK Arena permanently in the summer of 2015 following a spell at Mainz.

More from Koo Ja-cheol: "On paper, the back three should always provide a spare man at the back, but for us, we were actually giving up more space than usual. I've played in this system at Augsburg. To be more effective, we have to position ourselves deeper as a team."

— Steve Han • 한만성 (@RealSteveScores) June 1, 2018

And, the following March, he made history when he became the first player in Augsburg’s history to net a hat-trick in the Bundesliga following a match-winning display against Bayer Leverkusen.

Thus, it should come as no surprise that the 29-year-old feels completely at home in the Southeast of Germany.

“Augsburg is a German home for me,” Koo added. “It’s just like the place where I grew up in South Korea.

“When I first came to Augsburg, there wasn’t really anyone in South Korea who really knew Augsburg.

“Nowadays, even the cashiers in the supermarkets opposite my house in Korea can pronounce “Augsburg” properly.”

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Carbon Black Extends Next-Gen Endpoint Security SaaS Offering to Europe [Press Release]

Cb Enterprise Response Cloud now offers Germany-based EU hosting option

WALTHAM, Mass.—May 2016—Carbon Black®, the leading provider of Next-Generation Endpoint Security (NGES) solutions, today announced it has extended its Carbon Black Enterprise Response Cloud Software-as-a-Service offering to Europe. Cb Enterprise Response is an endpoint detection and response (EDR) solution for finding,…

Carbon Black Extends Next-Gen Endpoint Security SaaS Offering to Europe [Press Release]

Cb Enterprise Response Cloud now offers Germany-based EU hosting option

WALTHAM, Mass.—May 2016—Carbon Black®, the leading provider of Next-Generation Endpoint Security (NGES) solutions, today announced it has extended its Carbon Black Enterprise Response Cloud Software-as-a-Service offering to Europe. Cb Enterprise Response is an endpoint detection and response (EDR) solution for finding,…