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Germany’s Northern Data rejects allegations of market manipulation By Reuters

by Mike Robinson

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© Reuters.

(Reuters) – Northern Data AG stated Tuesday that it has rejected the allegations of BaFin, Germany’s market watchdog, made last week regarding market manipulation. The complaint was filed with Frankfurt prosecutors.

This company provides the infrastructure necessary for high-performance computing. It said that it received information about the problem from media reports. A copy was sent to them on Tuesday.

We reject all allegations, including those of manipulation in the market. The company stated https:// that they are certain to clarify the matter with authorities.

BaFin stated Friday that a complaint was filed.

Northern Data claimed that the matter of the complaint is its purchase of Whinstone US Inc. in bitcoin mining, which was announced in November 2019.

According to the company’s website, its infrastructure can be used for bitcoin mining, Blockchain, Artificial Intelligence, Big Data Analytics, Internet of Things, or rendering.

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