EQS-News: Northern Data AG / Key word(s): Monthly Figures
PRESS RELEASE / IR NEWS
Peak Mining Operations Update
All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.
Frankfurt/Main – 20 November 2023 – Peak Mining, part of Northern Data Group, today provided an update on its business activities for the month of October. Peak Mining produced a total of 178 Bitcoin in October 2023, generating revenues of EUR 5.0 million, roughly 16% more than the corresponding figure for the previous month. Year-to-date BTC revenue thus totals EUR 48.7 million.
In Europe, Peak Mining participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.1 million of additional income in October corresponding to a year-to-date income of EUR 2.6 million from the program.
Peak Mining is in the process of upgrading its hardware following its recent USD 150 million hardware purchase. As such there will be ongoing fluctuations in the number of installed miners, month over month. Peak Mining had a self-mining hash rate of around 3.27 EH/s and 34,947 ASIC systems installed on the Bitcoin network at the end of October 2023 (about 13% less than previous month). Peak Mining expect this to significantly increase by the end of Q1 2024, as new hardware and sites come online.
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.
About Northern Data Group:
Northern Data Group (ETR: NB2) is a provider of High-Performance Computing (HPC) infrastructure solutions. Our HPC infrastructure forms the foundation of our three business divisions: Taiga Cloud; Ardent Data Centers; and Peak Mining. Through our dedicated compute power, we fuel innovation in Generative AI and Blockchain technologies. Our partnerships with industry leading HPC hardware manufacturers including NVIDIA, Gigabyte and MicroBT are fundamental to the acceleration of innovation in the areas we operate in.
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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:||1776585|
|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.