Northern Data Group: Operations Update
Date
9/18/2023 4:07:37 AM
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 previmonth, mainly due to two increases of the Bitcoin mining difficulty in August. Year-to-date BTC revenue ttotals 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 previmonth).
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 ambiticomputing 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:
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 Language: | English | Company: | Northern Data AG | | An der Welle 3 | | 60322 Frankfurt/Main | | Germany | Phone: | +49 69 34 87 52 25 | E-mail: | | Internet: | | ISIN: | DE000A0SMU87 | WKN: | A0SMU8 | Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange | EQS News ID: | 1725651 | | End of News | EQS News Service |
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