Northern Data AG

Share Issue/Capital Change • Sep 3, 2021

News Details

Ad-hoc | 3 September 2021 17:51

Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind

Northern Data AG / Key word(s): Investment/Takeover

Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind

03-Sep-2021 / 17:51 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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**AD HOC

Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind**

• Plans call for acquisition of a majority interest in a bitcoin mining company, primarily in exchange for new shares in Northern Data AG to be issued through a corresponding capital increase against a contribution in kind, excluding shareholders’ subscription rights.
• Subject to the positive outcome of the due diligence review and necessary appraisal and valuation procedures, the closing of the transaction will require the approval of the Supervisory Board of Northern Data AG and shareholders of the target company.
• Northern Data expects that the transaction could be completed in September 2021.

Frankfurt am Main – September 3, 2021 – Northern Data AG (XETRA: NB2 , ISIN: DE000A0SMU87 ) is planning to acquire a majority interest in a bitcoin mining company. The transaction would essentially involve a capital increase in connection with a contribution in kind using existing Authorized Capital 2021. As a result, the transaction would require no further approval by shareholders of Northern Data AG.

The purchase price of up to USD 475 million would cover the acquisition and commercial operation of some 33,000 ASIC miners. The hardware acquired would represent a strategic asset build-up and complement Northern Data’s existing bitcoin hosting infrastructure solutions.

Northern Data would generate initial revenue and a corresponding contribution to EBITDA upon closure of the transaction. The anticipated positive impact at the level of the forecast for the 2021 financial year would be described in detail when the annual report for 2020 is published.

Investor Relations:

Jens-Philipp Briemle

Head of Investor Relations

An der Welle 3

60322 Frankfurt am Main

E-Mail: jens-philipp.briemle@northerndata. de

Phone: +49 171 557 6989

Important notice:

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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03-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	info@northerndata.de
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:	1231206

End of Announcement	DGAP News Service