Northern Data Group: Operations Update


(MENAFN- EQS Group)

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

MENAFN18092023004691010666ID1107087306


EQS Group

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.