Northern Data Recently Announced IPO Intention Faces Bankruptcy and Tax Evasion Allegations of Tens of Millions of Dollars by Former Executives

Northern Data, which owns businesses in Bitcoin mining and artificial intelligence cloud computing, was sued last month by former executives Joshua Porter and Gulsen Kama for wrongful termination. According to recently disclosed legal documents, the company is accused of concealing and misleading investors about its true financial condition, and evading taxes in excess of tens of millions of dollars.