EQS-News: Northern Data releases its February 2023 results for its Mining division
EQS-News: Northern Data AG
/ Key word(s): Monthly Figures
PRESS RELEASE / IR ANNOUNCEMENT
All monthly figures are unaudited and may include rounding and billing differences for cryptocurrency production (in particular, for hosting customers). EUR 5.2 million in cash (+ 9% compared to the previous month) was generated from the sale of Bitcoins in February. Hosting has now been discontinued, as announced in the September 2022 Shareholder letter, as a result of recent low utilization. The company had installed a self-mining hash rate of 3.48 EH/s and 37,587 ASIC systems on the Bitcoin network by the end of February 2023. In February, Northern Data optimized its last hosting agreement for 7,700 ASICs into a self-mining agreement of 7,700 more efficient ASIC machines (about 0.8 EH/s), expected to be executed in March 2023 bringing the available self-mining computing power to over 4 EH/s. Northern Data still has around 7,000 new miners (approx. 0.7 EH/s) in stock, which it intends to deploy when an attractive opportunity arises. 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. Jens-Philipp Briemle
13.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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: | 1580273 |
End of News | EQS News Service |
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1580273 13.03.2023 CET/CEST