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EQS-News: Northern Data AG: Financial results for mining business in June 2023

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Friday, July 14, 2023

ISIN, EUR, BTC, Ticker, NB2, Mining, Cryptocurrency, Bitcoin

Frankfurt am Main – 14 July 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 June.

Key Points:

Frankfurt am Main – 14 July 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 June.
Northern Data produced a total of 180 Bitcoin in June 2023, generating revenues of EUR 4.6 million, 24% less than the corresponding figure for the previous month.
Temperatures in the U.S. reached near-record levels during the month and power demand in Europe was high, leading to higher power prices.
The Mining division was therefore curtailed, to reduce the average cost of power, in line with Northern Data’s power strategy, resulting in a lower but more profitable production (per coin).

EQS-News: Northern Data AG holds Extraordinary General Meeting

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Thursday, June 15, 2023

Cloud, ISIN, Islamabad Wildlife Management Board, Livestreaming, Mass meeting, Ticker, NB2, Extraordinary general meeting, Media, Supervision, Supervisory board, Security (finance), Management

Frankfurt am Main - 13 June 2023 – On Monday, June 12, Northern Data AG (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) successfully concluded an Extraordinary General Meeting, which was virtually broadcast via livestream, for its duly registered shareholders or their proxies on the company's website.

Key Points:

Frankfurt am Main - 13 June 2023 – On Monday, June 12, Northern Data AG (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) successfully concluded an Extraordinary General Meeting, which was virtually broadcast via livestream, for its duly registered shareholders or their proxies on the company's website.
All resolutions proposed by the Management Board and Supervisory Board were approved by the shareholders with a large majority.
In addition, the General Meeting resolved on the authorization to implement a new stock option program.
Aroosh Thillainathan commented on the outcome of the Extraordinary General Meeting: “I am pleased that our shareholders have once again shown their support for us and our growth ambitions.

EQS-News: Northern Data publishes financial results for mining business in May 2023

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Thursday, June 15, 2023

Bitcoin, ISIN, EUR, BTC, Ticker, NB2, Cryptocurrency

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

Key Points:

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.

EQS-News: Northern Data releases its April 2023 results for its Mining division

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Tuesday, May 16, 2023

Bitcoin, ISIN, Application-specific integrated circuit, Ticker, NB2, HPC, ASIC, Cryptocurrency

Frankfurt am Main - 16 May 2023 – Today, Northern Data (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) reports its April 2023 bitcoin mining business results:

Key Points:

Frankfurt am Main - 16 May 2023 – Today, Northern Data (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) reports its April 2023 bitcoin mining business results:
Northern Data produced a total of 209 Bitcoin in April 2023, generating revenues of EUR 5.5 million, which was 8% higher than the corresponding revenue figure from the previous month.
The company had a self-mining hash rate of around 3.78 EH/s and 40,559 ASIC systems installed at the end of April 2023 (at the previous month’s level).
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.
With its HPC infrastructure, Northern Data contributes to the stable operation of the Bitcoin network and the blockchain ecosystem.

EQS-News: Artificial Intelligence to become the growth engine for Northern Data’s Cloud Solutions division

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Monday, April 24, 2023

In addition to the monthly operations update for the Bitcoin Mining division, Northern Data will also provide regular operational updates on the progress of both the Cloud Solutions and Data Centre Infrastructure Solutions divisions, going forward.

Key Points:

In addition to the monthly operations update for the Bitcoin Mining division, Northern Data will also provide regular operational updates on the progress of both the Cloud Solutions and Data Centre Infrastructure Solutions divisions, going forward.
Today, Northern Data is releasing its first operations update for the Cloud Solutions division.
Northern Data’s Cloud Solutions division with its established GPU-based HPC infrastructure is in a prime position to scale quickly and fulfill the rapidly growing demand of compute power, triggered by the global AI boom.
Northern Data will provide revenue and EBITDA guidance for the Cloud Solutions division in the next update.

EQS-News: Northern Data releases its March 2023 results for its Mining division

Retrieved on:

Saturday, April 15, 2023

Bitcoin, ISIN, Application-specific integrated circuit, Miner, EUR, XETRA, NB2, ASIC, Cryptocurrency

1 Value adjusted compared to February report (214) due to final billing with hosting customer.

Key Points:

1 Value adjusted compared to February report (214) due to final billing with hosting customer.
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.
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.

EQS-News: Northern Data increases equity and accelerates growth plans

Retrieved on:

Saturday, April 15, 2023

To finance its ambitious growth plans and strengthen its balance sheet, Northern Data AG resolved to implement a capital increase excluding subscription rights this week Tuesday, with gross proceeds of EUR 32.27 million.

Key Points:

To finance its ambitious growth plans and strengthen its balance sheet, Northern Data AG resolved to implement a capital increase excluding subscription rights this week Tuesday, with gross proceeds of EUR 32.27 million.
These new proceeds, plus potential long-term debt facilities for which Northern Data is in discussions, are to be mainly used for the purchase of ASIC servers for BTC mining and various GPU chips for cloud solutions.
Northern Data is currently in negotiations with infrastructure service providers, energy companies, and hardware suppliers to realize unique opportunities in Bitcoin mining.
Northern Data currently has 3.8 EH/s of computing power in ASIC-based BTC mining.

EQS-News: Northern Data releases its February 2023 results for its Mining division

Retrieved on:

Thursday, March 16, 2023

XETRA, Application-specific integrated circuit, Sale, ASIC, ISIN, BTC, NB2, Miner, Letter, Cryptocurrency, Bitcoin

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.

Key Points:

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.
EUR 5.2 million in cash (+ 9% compared to the previous month) was generated from the sale of Bitcoins in February.
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.

EQS-News: Karl Havard joins Northern Data from Amazon Web Services and will lead the Cloud Solutions Division

Retrieved on:

Thursday, March 16, 2023

Frankfurt am Main, 14 March 2023 – Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ) today announced that it has successfully hired industry veteran Karl Havard as Managing Director of its Cloud Solutions Division.

Key Points:

Frankfurt am Main, 14 March 2023 – Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ) today announced that it has successfully hired industry veteran Karl Havard as Managing Director of its Cloud Solutions Division.
With years of leadership experience in creating cloud-based enterprise solutions at some of the world’s top hyperscalers, Karl will bring his unique understanding of the industry to Northern Data’s Cloud Solutions Division.
Most recently, he worked for Amazon Web Services as Head of EMEA GtM, AWS & Accenture Business Group, overseeing the jointly-created cloud and industry solutions and tackling customers’ biggest transformation and growth challenges.
I am very pleased to welcome Karl to the Cloud team, and herewith successfully completing Northern Data's divisional leadership."

EQS-News: Northern Data releases its January 2023 results for its Mining division

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Monday, February 13, 2023

Negotiation, Sale, NB2, Miner, ISIN, ASIC, XETRA, Cryptocurrency, Bitcoin

Frankfurt am Main – 10 February 2023 – Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ) today provided an update on its mining activities in January 2023.

Key Points:

Frankfurt am Main – 10 February 2023 – Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ) today provided an update on its mining activities in January 2023.
This represents a 39% increase from the previous month and the highest monthly Bitcoin mining yield since May of last year.
At the same time, Northern Data still has c. 13,000 miners (approx.
Aroosh Thillainathan, CEO and founder of Northern Data, commented on the latest developments as follows: "We are very satisfied with the start to the new year.