NORTHERN BITCOIN ENSURES EXTENSIVE FINANCING

PRESS RELEASE

NORTHERN BITCOIN ENSURES EXTENSIVE FINANCING

– Entry of leading consortium of blockchain companies and investors

– Convertible bond with a volume of up to EUR 20 million

– Financing unlocks additional growth potential

Frankfurt on the Main – November 15, 2019 – Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) resolved to issue a convertible bond for the entry of an international consortium of leading blockchain companies and investors. The Company has received confirmation for EUR 10 million, the total volume of the convertible bond, including the free-float share, is up to EUR 20 million. The convertible bond has a term of five years and an interest rate of 5 percent per year, the conversion price is EUR 8.00 per share. The Company is entitled to pay a cash sum of EUR 21.00 instead of delivering the shares. The Company therefore has the option to execute the financing without dilution of the existing shareholders.

Mathis Schultz, CEO of Northern Bitcoin, commented: “This financing is a strong validation of our Company and our strategy to provide Bitcoin with a sustainable and extremely fast scalable infrastructure. The investment is a step closer to our objective of building the world’s largest sustainable company for the Bitcoin infrastructure. Together with major industry partners, we have created both the technological and logistical basis to massively scale our business. This now resolved financing allows us to take a giant leap forward.”

Northern Bitcoin AG, based in Frankfurt, started in 2018 as a sustainable Bitcoin Miner and is recording a rapid growth thanks to the strong global distribution of Bitcoin and its blockchain. The Company among other things operates a mining site based on renewable energy sources in Norway and benefits from the rapid adaptation of Bitcoin as “digital gold” and new means of payment. With the offer of its own wallet, the Company becomes the operator of a 360-degree Bitcoin ecosystem.

About Northern Bitcoin:
Northern Bitcoin AG is a technology company focused on the Bitcoin blockchain. It is challenging the status quo of Bitcoin mining and redefining it. As a pioneer, it provides Bitcoin and blockchain technology with a sustainable infrastructure. To this end, it operates its own state-of-the-art mining hardware based on renewable energy sources under extremely cost-efficient and secure conditions as well as a self-developed mining pool. The company is headquartered in Frankfurt am Main. Further information under www.northernbitcoin.com.

Disclaimer:
This press release represents neither an offer to sell nor a request to submit an offer to purchase Northern Bitcoin AG securities; nor does it constitute a securities prospectus for Northern Bitcoin AG. The information contained in this press release is not intended to serve as a basis for financial, legal, tax-related or other business decisions. Investment or other decisions should not be taken solely on the basis of this press release. As in all business and investment matters, please seek qualified professional advice. This press release and the information it contains are not intended for direct or indirect communication to or within the United States of America, Canada, Australia or Japan.

Press Contact:
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Mail: h.duerr@northernbitcoin.com
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
Mail: ir@northernbitcoin.com
Phone: +49 89 125 09 03 31