Northern Bitcoin AG / Key word(s): Strategic Company Decision
03-Nov-2019 / 19:50 CET/CEST
AD HOC RELEASE
NORTHERN BITCOIN AG CONSIDERING STRATEGIC OPTIONS FOR BUSINESS EXPANSION
Frankfurt on the Main – November 03, 2019. Northern Bitcoin AG is currently evaluating strategic options to further optimize and expand its business. Such options may include strategic acquisitions of new sites, hardware or direct investments in other companies. The Company plans to take advantage of such opportunities in the short and medium term. At present, the Company has in particular entered into discussions regarding the possible acquisition of a company that builds and operates data centers specializing in blockchain applications such as Bitcoin mining. The investment is planned to be implemented by means of a capital increase through contributions in kind using the existing authorized capital at Northern Bitcoin AG. In addition, the Company continues to review options on an ongoing basis to optimize its business. To this end, discussions are currently being held with potential partners to set up the mobile mining containers of Northern Bitcoin AG at locations where energy producers provide electricity at no cost to Northern Bitcoin AG and in return receive a share of the proceeds from mining.
|Northern Bitcoin AG
|+49 69 34 87 52 25
|Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange
|EQS News ID:
|End of Announcement
|DGAP News Service
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.