EQS-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain/Monthly Figures
Northern Data Group: Operations Update Peak Mining
20.10.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Northern Data Group: Operations Update Peak Mining

  • 174 BTC generated in September (+5% month-on-month)
  • New miners from MicroBT allow for more than 7 EH/s computing power – delivery starting in October 2023 with option to purchase an additional USD 150 million of hardware
  • More than 40,000 installed ASIC servers

Performance Indicators

  September ’23 August ’23 YTD 2023
BTC generated 174
(YoY: +2% / MoM: +5%) 
(YoY: -23% / MoM: -3%) 
BTC sold 174 166 1,848
Number of Self-Mining
ASIC servers installed
40,248 (3.75 EH/S)
MoM: 0%
40,082 (3.74 EH/S)
MoM: 0%
Utilization Self-Mining
ASIC servers
68% (2.55 EH/s) 60% (2.24 EH/s)  

All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.

Frankfurt/Main – 20 October 2023 – Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), today provided an update on its mining business activities for the month of September. Peak Mining, part of Northern Data Group, produced a total of 174 Bitcoin in September 2023, generating revenues of EUR 4.3 million, roughly 2% more than the corresponding figure for the previous month. Year-to-date BTC revenue thus totals EUR 43.7 million.

In Europe, Northern Data Group participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.3 million of additional income in September corresponding to a year-to-date income of EUR 2.5 million from the program.

In September, Peak Mining announced its purchase of more than 7 Exahashs (EH/s) of the latest generation WhatsMiners from MicroBT, with a total contract value of USD 150 million. Prices are fixed for M53S+/M53S++ and M50S+/M50S++ models. Furthermore, Peak Mining has the option to purchase an additional USD 150 million of hardware.

Peak Mining is one of the first to adopt the newest liquid-cooling mining technology at this scale, to be deployed across various locations globally. The new hardware can be efficiently cooled in warmer climates, has lower operational overhead and maintenance, and can be overclocked within warranty to increase performance and hash rate output. The first batch of the latest, next-generation liquid-cooled miners is expected to be delivered in October 2023 and installed at our 30MW location in North Dakota.

The company had a self-mining hash rate of around 3.75 EH/s and 40,248 ASIC systems installed on the Bitcoin network at the end of September 2023 (about the same level as previous month).

About Peak Mining:

Peak Mining is powering the future of the Bitcoin network. Part of Northern Data Group, we deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to power the mining network, and we’re driven to continuously find new efficiencies which drive value for our investors. We’re delivering long-term value in more responsible ways.

About Northern Data Group:

Northern Data Group (ETR: NB2) is a provider of energy efficient High Performance Computing (HPC) infrastructure to businesses and research institutions, utilizing GPU and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisions: Taiga Cloud; Ardent Data Centers; and Peak Mining. Through our HPC infrastructure, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our partnerships with industry-leading manufacturers including GIGABYTE, AMD, and NVIDIA are 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
Telefon: +49 171 557 6989

20.10.2023 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

show this


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.