EQS-News: Northern Data AG / Key word(s): Monthly Figures
PRESS RELEASE / IR RELEASE
Northern Data releases its March 2023 results for its Mining division
Key Performance Indicators
All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.
Frankfurt am Main – 14 April 2023 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) today provided an update on its Bitcoin mining activities for the month of March. Northern Data produced a total of 217 Bitcoin in March 2023, generating revenues of EUR 5.1 million, which was 10% higher than the corresponding figure for the previous month.
The company had a self-mining hash rate of around 3.8 EH/s and 40,562 ASIC systems installed in the Bitcoin network at the end of March 2023. A higher utilization of ASIC miners is expected in April driven by the completed commissioning of 0.8 EH/s in March with optimized power purchase agreements. Northern Data’s Mining Division continues to work on options to rapidly commission ASIC servers from inventories (around 10,000 ASICs or 0.9 EH/s) in North America to further increase the hash rate.
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. Northern Data’s shareholders include among others Apeiron Investment Group, Samara Asset Group (formerly Cryptology Asset Group), Block.one, BlackMars Capital, Krypto Ventures and the founders of the Company, who together represent approx. 70% of the voting rights.
14.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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|Company:||Northern Data AG|
|An der Welle 3|
|Phone:||+49 69 34 87 52 25|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1604265|
|End of News||EQS News Service|
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.