Northern Data AG / Key word(s): Investment/Takeover 03-Sep-2021 / 17:51 CET/CEST AD HOC Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind
Frankfurt am Main – September 3, 2021 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) is planning to acquire a majority interest in a bitcoin mining company. The transaction would essentially involve a capital increase in connection with a contribution in kind using existing Authorized Capital 2021. As a result, the transaction would require no further approval by shareholders of Northern Data AG. The purchase price of up to USD 475 million would cover the acquisition and commercial operation of some 33,000 ASIC miners. The hardware acquired would represent a strategic asset build-up and complement Northern Data’s existing bitcoin hosting infrastructure solutions. Northern Data would generate initial revenue and a corresponding contribution to EBITDA upon closure of the transaction. The anticipated positive impact at the level of the forecast for the 2021 financial year would be described in detail when the annual report for 2020 is published. Investor Relations: Important notice: 03-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | 1231206 |
End of Announcement | DGAP News Service |
Disclaimer
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.