Northern Data Group and VAST Data Partner to Deliver Market-Leading Scale,
Speed, and Energy-Efficient AI Cloud

EQS-News: Northern Data AG / Key word(s): Alliance
Northern Data Group and VAST Data Partner to Deliver Market-Leading Scale,
Speed, and Energy-Efficient AI Cloud

22.05.2024 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

PRESS RELEASE / IR NEWS

Northern Data Group and VAST Data Partner to Deliver Market-Leading Scale,
Speed, and Energy-Efficient AI Cloud

  * Northern Data Group's Taiga Cloud brings comprehensive AI-as-a-Service
    to Europe by leveraging NVIDIA GPUs and the VAST Data Platform.

  * The partnership will deliver AI cloud services in Europe, driven by 100
    percent carbon-free energy.

  * Taiga Cloud provides access to a vast NVIDIA GPU network in Europe, with
    over 20,000 GPUs.

Frankfurt/Main - May 22, 2024 - Northern Data Group's GenAI cloud platform,
Taiga Cloud, a leading European generative AI cloud service provider (CSP)
and VAST Data, the AI data platform company, today announced a strategic
partnership. Together, Taiga Cloud and VAST will deliver dedicated, scalable
generative AI cloud services to Europe, driven by 100 percent carbon-free
energy.

Gartner (1) predicts that by 2030, AI could consume up to 3.5 percent of the
world's electricity. To meet this growing demand, organizations are seeking
sustainable and energy-efficient AI solutions. Taiga Cloud, a Cloud partner
in the NVIDIA Partner Network, provides access to a large NVIDIA GPU network
in Europe, with over 20,000 NVIDIA GPUs, including the latest NVIDIA H100
and A100 Tensor Core GPUs. Its platform runs entirely on carbon-free,
renewable energy, and boasts a less than 1.2 Power Usage Effectiveness
ratio.

Combining this efficiency with VAST's differentiated Disaggregated Shared
Everything (DASE) architecture and Similarity data reduction software will
provide access to a high-speed, low-latency and data-sovereign cloud built
for accelerated computing, while ensuring organizations aren't compromising
on their sustainability objectives.

"Northern Data Group is committed to providing best-in-class solutions
driven by energy from renewable sources," said Aroosh Thillainathan, Founder
and CEO, Northern Data Group. "This partnership with VAST Data is doing just
this, helping to bring scalable, sustainable solutions to customers,
enabling them to bring their best ideas to life."

Key benefits for customers leveraging Northern Data Group's Taiga Cloud with
the VAST Data Platform include:

  * Reduced Environmental Footprint with Sustainable Infrastructure: With
    best-in-class infrastructure and the latest liquid-cooling technologies
    to optimize GPUs for optimal efficiency, renewable energy and
    waste-reduction solutions, and VAST's efficient data management
    capabilities, organizations can achieve aggressive sustainability goals
    in the face of power-hungry AI deployments and applications - without
    compromising on performance.

  * A Robust Cloud Services Catalog: The VAST Data Platform offers easy API
    access to encapsulate its storage, database, global namespace and
    compute engine capabilities into Taiga Cloud's wide-ranging advanced
    cloud data services and support, enabling Taiga Cloud to pass on
    best-in-class services to customers.

  * Improved Performance with Enterprise Features: VAST's performance -
    particularly for AI-driven applications requiring high throughput and
    fast access speed - flexibility, and multi-tenancy, allows Taiga Cloud
    to help customers manage, move and protect their data with
    enterprise-grade features. Superior service levels, particularly in GPU
    cluster interconnectivity and storage speed, are also possible, which is
    crucial for intensive computational workloads.

  * Expanded Access to Secure, Compliant GPU Services: Thanks to VAST's
    multi-tenant, scalable solutions, Taiga Cloud securely and efficiently
    scales its infrastructure in perfect harmony with its growing customer
    base - allowing Taiga Cloud to serve startups and smaller enterprises
    that might not have the capital to invest in high-performance computing
    infrastructure independently.

"With the VAST Data Platform, Taiga Cloud is bringing to market one of
Europe's leading GPU-accelerated clouds, with robust services and support
offerings for generative AI deployments," said Chris Morgan, Vice President,
Solutions at VAST Data. "VAST provides CSPs with software infrastructure
solutions that combine the speed, scale, security and GDPR-compliant
operations that data-intensive organizations across the globe require for
their AI workflows."

About Northern Data Group:

Northern Data Group (ETR: NB2) is a leading provider of High-Performance
Computing (HPC) solutions to businesses and research institutions, utilizing
GPU- and ASIC-based solutions. Our flexible compute power fuels innovation
in our three core business platforms: Taiga Cloud, Ardent Data Centers, and
Peak Mining. Through our HPC solutions, we pioneer ambitious computing
innovation that drives progress in the AI, ML and Generative AI industries.
Our close collaboration with industry-leading manufacturers including
Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation
across sectors including life sciences, financial services, and energy.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telefon: +49 171 557 6989

About VAST Data

VAST Data is the data platform company built for the AI era. As the new
standard for enterprise AI infrastructure, organizations trust the VAST Data
Platform to serve their most data-intensive computing needs. VAST Data
empowers enterprises to unlock the full potential of their data by providing
AI infrastructure that is simple, scalable, and architected from the ground
up to power deep learning and GPU-accelerated data centers and clouds.
Launched in 2019, VAST Data is the fastest growing data infrastructure
company in history. For more information, please visit and follow VAST Data
on X (formerly Twitter) and LinkedIn.

Media Contact

Austin Weedfall
VAST Data
press@vastdata.com

(1) Gartner Says CIOs Must Balance the Environmental Promises and Risks of
AI


---------------------------------------------------------------------------

22.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Northern Data AG
                   An der Welle 3
                   60322 Frankfurt/Main
                   Germany
   Phone:          +49 69 34 87 52 25
   E-mail:         info@northerndata.de
   Internet:       www.northerndata.de
   ISIN:           DE000A0SMU87
   WKN:            A0SMU8
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich (m:access),
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1908789

End of News EQS News Service
---------------------------------------------------------------------------

1908789 22.05.2024 CET/CEST