EQS-News: Northern Data AG / Key word(s): Monthly Figures
Northern Data publishes financial results for mining business in May 2023
13.06.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Northern Data publishes financial results for mining business in May 2023

  • 240 BTC generated in May (+15% month-on-month)
  • BTC mining revenues of EUR 6.1 million (+10% month-on-month)
  • BTC revenue since the beginning of the year: EUR 25.9 million
  • Self-mining computing power of around 3.78 EH/s and 40,643 ASIC systems (on par with previous month)

Performance Indicators

  May ’23 April ’23 YTD 2023
BTC Generated 240
(YoY: -11% / MoM: +15%) 
(YoY: -31% / MoM: -4%) 
BTC Sold 241 213 1,158
ASIC servers installed
40,643 (3.78 EH/s)
MoM: ±0%
40,559 (3.78 EH/s)
MoM: ±0%
Utilization rate
self-mining ASIC servers
69% (2.62 EH/s) 68% (2.58 EH/s)  

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

Frankfurt am Main – 13 June 2023 – Northern Data AG (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) today provided an update on its mining business activities for the month of May. Northern Data produced a total of 240 Bitcoin in May 2023, generating revenues of EUR 6.1 million, 10% higher than the corresponding figure for the previous month. Year-to-date BTC revenue thus totals EUR 25.9 million.

The company had a self-mining hash rate of around 3.78 EH/s and 40,643 ASIC systems installed on the Bitcoin network at the end of May 2023 (on par with the previous month).

About Northern Data:

Northern Data firmly believes that High-Performance Computing (HPC) will — quite literally — determine what the future will hold. HPC has the power to unlock unprecedented potential and opportunities for research and development, business, and government. Our multinational organization is rapidly staking out a position of global significance in the area of GPU- and ASIC-based solutions by designing and operating efficient, sustainable HPC infrastructures. We offer a combination of intelligent data centers, cutting-edge hardware and self-developed software for various HPC applications. These include bitcoin mining, blockchain technology, artificial intelligence, big data analytics, IoT, and graphics rendering. The Northern Data Group currently operates custom, large-scale data centers and proprietary mobile high-performance data centers. Northern Data’s shareholders include among others Apeiron Investment Group, Samara Asset Group (formerly Cryptology Asset Group),, BlackMars Capital, Krypto Ventures and the founders of the Company, who together represent the majority of the voting rights.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
Telefon: +49 171 557 6989

13.06.2023 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.

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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.