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Northern Data AG
Regulatory Filings • Mar 13, 2023
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News Details
Corporate | 13 March 2023 07:45
Northern Data releases its February 2023 results for its Mining division
EQS-News: Northern Data AG / Key word(s): Monthly Figures
Northern Data releases its February 2023 results for its Mining division
13.03.2023 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
**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**
| February ’23 | January ’23 | YTD 2023 | |
| BTC Generated | 214 YoY: + 1% / MoM: -13% |
246 YoY: +4% / MoM: +39% |
460 |
| of which hosting services (customer) | 4 | 10 | 14 |
| BTC Sold | 237 | 251 | 488 |
| Self-mining ASIC servers installed |
37,587 (3.48 EH/s) MoM: +4% |
36,101 (3.31 EH/s) MoM: +0% |
|
| Utilization rate self-mining ASIC server |
71.8% (2.36 EH/s) | 73.2% (2.22 EH/s) | |
| Number of ASIC servers Hosting (deployed end of Feb’) | – | 7,728 (0.71 EH/s) | |
| Utilization rate ASIC server Hosting | 28% (0.12 EH/s) | 53.8% (0.26 EH/s) |
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: [email protected]
Telephone: +49 171 557 6989
13.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Northern Data AG |
| An der Welle 3 | |
| 60322 Frankfurt/Main | |
| Germany | |
| Phone: | +49 69 34 87 52 25 |
| E-mail: | [email protected] |
| Internet: | www.northerndata.de |
| ISIN: | DE000A0SMU87 |
| WKN: | A0SMU8 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1580273 |
| End of News | EQS News Service |