Northern Bitcoin AG / Key word(s): Alliance/Corporate Action
28-May-2019 / 11:33 CET/CEST
Northern Bitcoin AG plans extensive cooperation with one of the world’s leading crypto-mining companies and in this context also capital measures
Frankfurt am Main, 28 May 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) today has signed a letter of intent (LOI) with one of the world’s leading crypto-mining companies for the potential cooperation between both entities. The object of the LOI is the extension of crypto-mining capacities and the strengthening of Northern Bitcoin’s operational business through the purchase and the contribution in kind of (not yet determined) resources. The LOI is non-binding and the implementation of the transaction is subject to various suspending conditions as well as committee approval. Within the scope of the intended transaction – which shall consist of the purchase of resources facilitated through one or several capital increases by way of contribution in kind signed by the crypto-mining company under exclusion of subscription rights as well as a capital increase for cash with strategic investors – Northern Bitcoin would achieve an outstanding market position in the area of bitcoin mining.
28-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Northern Bitcoin AG|
|Phone:||+49 69 34 87 52 25|
|Listed:||Regulated Unofficial Market in Frankfurt, Munich (m:access)|
|EQS News ID:||816473|
|End of Announcement||DGAP News Service|
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