Northern Data Group: Operations Update

2023-09-18 04:07:37

(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.
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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:
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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