Bitcoin Miner Northern Data Rejects Manipulation Allegations (1)

Oct. 6, 2021, 8:54 AM

Northern Data AG dismissed allegations of market manipulation after the Bitcoin miner’s share price tumbledover a complaint to prosecutors by Germany’s financial watchdog.

“We are confident that we will clarify the matter in full cooperation with the authorities,” the company said in a statement on its website late Tuesday.

Frankfurt prosecutors confirmed on Monday that they received a criminal complaint from financial regulator BaFin asking for an investigation in connection with an allegedly misleading ad-hoc statement by Northern Data in November 2019.

Since the allegations first surfaced on Oct. 1, Northern Data’s stock has dropped 30%. The shares were ...

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