EQS-News: Northern Data releases its February 2023 results for its Mining division
EQS-News: Northern Data AG
/ Key word(s): Monthly Figures
Northern Data releases its February 2023 results for its Mining division
13.03.2023 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE / IR ANNOUNCEMENT
Northern Data releases its February 2023 results for its Mining division
Key Performance Indicators
YoY: + 1% / MoM: -13% 246
YoY: +4% / MoM: +39% 460 of which hosting services (customer) 4 10 14 BTC Sold 237 251 488 Self-mining
ASIC servers installed 37,587 (3.48 EH/s)
MoM: +4% 36,101 (3.31 EH/s)
MoM: +0% Utilization rate
self-mining ASIC server 71.8% (2.36 EH/s) 73.2% (2.22 EH/s) Number of ASIC servers Hosting (deployed end of Feb') - 7,728 (0.71 EH/s) Utilization rate ASIC server Hosting 28% (0.12 EH/s) 53.8% (0.26 EH/s)
All monthly figures are unaudited and may include rounding and billing differences for cryptocurrency production (in particular, for hosting customers).
Frankfurt am Main – 13 March 2023 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) today provided an update on its crypto mining activities for the month of February. In the second month of 2023, a total of 214 bitcoin were generated. This represents a slight increase year-on-year (February 2022: 212 BTC) and is slightly below the previous month, taking into account that this was 3 days longer.
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.
About Northern Data:
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.
Investor Relations:
Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telephone: +49 171 557 6989
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