DGAP-News: Northern Bitcoin AG / Key word(s): Merger/Alliance
NORTHERN DATA TO SUCCESSFULLY MERGE WITH WHINSTONE US
– The merger creates world’s leading blockchain infrastructure company
– High-Performance Computing Infrastructure in addition to blockchain for game streaming and AI
– Company to close strategic partnerships
Frankfurt on the Main – February 10, 2020 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) is about to successfully merge with the American company Whinstone US, Inc.
The deal, announced in November 2019, will be successfully completed in the coming weeks and results in a global technology company, whose infrastructure capacities build the foundation for a variety of software solutions which go far beyond Bitcoin and blockchain applications.
The new Company is based on mobile and stationary data centers for the field of High-Performance Computing (HPC) and software solutions based on these. In addition to HPC in the blockchain segment, the Company’s hardware and software solutions will also be used in numerous other upcoming industries, such as artificial intelligence, game streaming or autonomous driving.
For these applications, the Company offers solutions both stationary in large data centers and in mobile containers, that can be placed anywhere in the world. It combines self-developed software and hardware with intelligent concepts for cost-efficient and sustainable energy supply. In Texas, Whinstone is currently building the largest data center in the USA and, at the same time, the world’s largest Bitcoin mining facility.
“The new Northern Data AG holds a leading position in upcoming technology sectors. The backbone of our activities is the high-performance computing capacity at our disposal,” explains Aroosh Thillainathan, CEO of Northern Data AG. “With our roots in blockchain, we have created a great foundation for future growth with strong international partners in other areas such as artificial intelligence or game streaming.”
In addition to the successful merger with Whinstone US, Inc., the new Northern Data AG is about to conclude a series of strategic partnerships with global players, which will be published in the coming weeks.
About Northern Data:
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|Company:||Northern Bitcoin AG|
|Phone:||+49 69 34 87 52 25|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange|
|EQS News ID:||971357|
|End of News||DGAP 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.
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