Northern Data releases its February 2023 results for its Mining division

PRESS RELEASE / IR ANNOUNCEMENT

Northern Data releases its February 2023 results for its Mining division
 

• 214 BTC generated in February 2023, slight increase year-on-year
• BTC mining revenues in the amount of EUR 4.7 million (at the previous month’s level)
• New agreement in close to final form and expected to be executed shortly will bring the available self-mining computing power to over 4 EH/s in March 2023:
  • In February, Northern Data reached an agreement in principle for 7,700 ASICs (around 0.8 EH/s) to be deployed in its own infrastructure in North America in March
  • The agreement replaces the last ASIC hosting agreement for the same number of machines, which was terminated as per guidance given in the September 2022 shareholder letter

 
Key Performance Indicators

All monthly figures are unaudited and may include rounding and billing differences for cryptocurrency production (in particular, for hosting customers).

Frankfurt am Main – 13 March 2023 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) today provided an update on its crypto mining activities for the month of February. In the second month of 2023, a total of 214 bitcoin were generated. This represents a slight increase year-on-year (February 2022: 212 BTC) and is slightly below the previous month, taking into account that this was 3 days longer.

EUR 5.2 million in cash (+ 9% compared to the previous month) was generated from the sale of Bitcoins in February. Hosting has now been discontinued, as announced in the September 2022 Shareholder letter, as a result of recent low utilization.

The company had installed a self-mining hash rate of 3.48 EH/s and 37,587 ASIC systems on the Bitcoin network by the end of February 2023. In February, Northern Data optimized its last hosting agreement for 7,700 ASICs into a self-mining agreement of 7,700 more efficient ASIC machines (about 0.8 EH/s), expected to be executed in March 2023 bringing the available self-mining computing power to over 4 EH/s.

Northern Data still has around 7,000 new miners (approx. 0.7 EH/s) in stock, which it intends to deploy when an attractive opportunity arises.

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, green HPC infrastructures. We offer a combination of intelligent, sustainable 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.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telephone: +49 171 557 6989