EQS-News: Northern Data AG
/ Key word(s): Cryptocurrency / Blockchain/Monthly Figures
Northern Data Group: Operations Update
18.09.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE / IR NEWS
Northern Data Group: Operations Update
- 166 BTC generated in August (-3% month-on-month)
- More than 40,000 installed ASIC servers
Performance Indicators
| |
August ’23 |
July ’23 |
YTD 2023 |
| BTC generated |
166
(YoY: -23% / MoM: -3%) |
170
(YoY: -17% / MoM: -5%) |
1,625 |
| BTC sold |
166 |
170 |
1,673 |
Number of Self-Mining
ASIC servers installed |
40,082 (3.74 EH/S)
MoM: 0% |
40,092 (3.74 EH/S)
MoM: -1% |
|
Utilization Self-Mining
ASIC servers |
60% (2.24 EH/s) |
60% (2.25 EH/s) |
|
All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.
Frankfurt/Main – 18 September 2023 – Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), today provided an update on its mining business activities for the month of August. Peak Mining, part of Northern Data Group, produced a total of 166 Bitcoin in August 2023, generating revenues of EUR 4.2 million, roughly 8% less than the corresponding figure for the previous month, mainly due to two increases of the Bitcoin mining difficulty in August. Year-to-date BTC revenue thus totals EUR 39.4 million.
In Europe, Northern Data Group participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.3 million of additional income in August corresponding to a year-to-date income of EUR 1.9 million from the program.
The company had a self-mining hash rate of around 3.74 EH/s and 40,082 ASIC systems installed on the Bitcoin network at the end of August 2023 (about the same level as the previous month).
About Northern Data Group:
Northern Data Group (ETR: NB2) is a provider of energy efficient High Performance Computing (HPC) infrastructure to businesses and research institutions, utilizing GPU and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisions: Taiga Cloud; Ardent Data Centers; and Peak Mining. Through our HPC infrastructure, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our partnerships with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA are fundamental to the acceleration of innovation across sectors including life sciences, financial services and energy.
Investor Relations:
Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telefon: +49 171 557 6989
18.09.2023 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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
