Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.
The allegations come amidst growing media buzz that Northern Data is considering a U.S initial public offering of its artificial intelligence unit, whichPorter joined the U.S. subsidiary of Northern Data as COO and was later promoted to CEO of the U.S. arm of the company. Only after his promotion, the suit claimed, did Porter get a true look behind the curtain at the reality of the company’s financial situation.
Kama, who started out as the CFO of the U.S. subsidiaries before being promoted the group’s CFO, reported similar concerns “regarding accounting and securities fraud” to her superiors at Northern Data – ”to no avail, because the CEO and COO were perpetuating the accounting and securities fraud,” the suit claims. Northern Data’s CEO is Aroosh Thillainathan and its COO is Rosanne Kincaid-Smith.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warnThe U.S. is facing a surge in electricity demand equivalent to the consumption of entire nations.
Read more »
Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warnThe U.S. is facing a surge in electricity demand equivalent to the consumption of entire nations.
Read more »
Northern Data, European Bitcoin Miner, Explores IPO for US AI Unit (Report)Crypto Blog
Read more »
Bitcoin miner Northern Data mulls IPO for its AI unit: ReportEurope Bitcoin miner Northern Data is mulling an IPO of its AI business division in the U.S., eying a Nasdaq listing in the first half of 2025.
Read more »
Bitcoin miner Northern Data mulls US IPO of AI unit as early as 2025: reportNorthern Data is evaluating potential advisors and may appoint lead banks in the coming months, Bloomberg reported.
Read more »
US data-driven volatility ahead: PCE inflation and GDP data in focusHigh-Importance US Data Releases: This week, the US dollar may experience fluctuations due to several significant data releases.
Read more »