EQS-News: Northern Data Reports on September 2022 Mining Business Performance
EQS-News: Northern Data AG
/ Key word(s): Monthly Figures/Cryptocurrency / Blockchain
PRESS RELEASE / IR MESSAGE
All monthly figures are unaudited and may include rounding and billing differences for cryptocurrency production (in particular, for hosting customers). The mining segment has installed a total of 25,952 ASIC systems as of 30 September 2022. The maximum available computing capacity for Bitcoin (excluding hosting) at the end of September was around 2.39 EH/s. The company's advantageous energy sourcing strategy avoids reliance on risky take-or-pay contracts and allows the company, especially in a bear market, to cope with higher energy prices at the cost of production. This reduced the applicable hashrate from 2.39 EH/s to 1.54 EH/s in September. A total of 162 Bitcoin were mined (excluding hosting) in September 2022, up approximately 33% from the September 2021 production of 122 BTC. Northern Data plans to have up to 3.5-4.0 EH/s in operation by the end of 2022 with a total of 36,000-42,000 ASIC miners (excluding hosting). Northern Data firmly believes that High-Performance Computing (HPC) will — quite literally — determine what the future will hold. HPC has the power to unlock unprecedented potential and opportunities for research and development, business, and government. Our multinational organization is rapidly staking out a position of global significance in the area of GPU- and ASIC-based solutions by designing and operating efficient, green HPC infrastructures. We offer a combination of intelligent, sustainable data centers, cutting-edge hardware and self-developed software for various HPC applications. These include bitcoin mining, blockchain technology, artificial intelligence, big data analytics, IoT, and graphics rendering. The Northern Data Group currently operates custom, large-scale data centers and proprietary mobile high-performance data centers and employs a workforce of over 220 people in 7 countries. Investor Relations: Jens-Philipp Briemle
07.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG. |
Language: | English |
Company: | Northern Data AG |
An der Welle 3 | |
60322 Frankfurt/Main | |
Germany | |
Phone: | +49 69 34 87 52 25 |
E-mail: | [email protected] |
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: | 1459553 |
End of News | EQS News Service |
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1459553 07.10.2022 CET/CEST