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Northern Bitcoin AG, DE000A0SMU87

Northern Bitcoin AG, DE000A0SMU87

09.09.2019 - 07:32:44

NORTHERN BITCOIN PREPARED TO ENTER THE MARKET WITH ITS NEW MINING CONTAINER

PRESS RELEASE

NORTHERN BITCOIN PREPARED TO ENTER THE MARKET WITH ITS NEW MINING CONTAINER

- New container solution opens up additional expansion potential - Innovative air cooling with high miner density - Flexible response to site options in cool climates

Frankfurt on the Main - September 09, 2019 - Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) has successfully completed the tests for its new air-cooled mining container at its test site in Frankfurt-Hoechst.

The innovative mining container, in which 144 ASIC miners are installed, is a custom-made construction based on a 20-foot container. It was specifically developed for outdoor operation. To cool the container, cold outside air is ingested and filtered through lamellae mounted in an outer wall and led through the container past the mining hardware. The warm exhaust air is vented through the opposite container wall. The performance of the fans is variable and controlled by temperature sensors. The concept was developed together with partners in Germany and brought to market maturity.

With this additional, mobile, air-cooled container solution, Northern Bitcoin AG is opening up further, even remote locations in the permanently cool regions of the world, where sustainable electricity, for example from hydropower, is available at extremely low cost and in abundance. Together with the water-cooled containers that have been successfully in use in Norway for over a year, Northern Bitcoin now has two different mobile container solutions for practically any location in the Nordic countries.

Moritz Jäger, Chief Technology Officer (CTO) of Northern Bitcoin, comments: "Already with our water-cooled container solution we have a revolutionary approach in place to mine Bitcoins sustainably and cost-effectively. The new air-cooled technology has been optimized for year-round cool locations. With the new container variant, we are thus extending our option to open up new locations in Scandinavia for our Bitcoin mining. Like the water-cooled variant, also the air-cooled mining container is highly mobile. This allows us to react flexibly to all location options at short notice for conducting highly efficient Bitcoin mining".

Computers need be cooled during calculations due to the heat generated by the processors. As a result of the high computing power, this applies in particular to the special Bitcoin Mining hardware. At the Lefdal Mine Datacenter in Norway, Northern Bitcoin AG currently operates 21 water-cooled 40-foot containers, each with 210 ASIC miners. In the new, air-cooled 20-foot container, a higher miner density has been achieved due to the design. The still young Northern Bitcoin AG pursues the goal of becoming the world's leading, sustainable Bitcoin mining company and is constantly developing its innovative mining concept according to the most state-of-the-art aspects. The new container solution will enable the company to further accelerate the scaling of its business that has just begun.

About Northern Bitcoin: Northern Bitcoin AG is a technology company focused on the Bitcoin blockchain. It is challenging the status quo of Bitcoin mining and redefining it. As a pioneer, it provides Bitcoin and blockchain technology with a sustainable infrastructure. To this end, it operates its own state-of-the-art mining hardware based on renewable energy sources under extremely cost-efficient and secure conditions as well as a self-developed mining pool. The company is headquartered in Frankfurt am Main. Further information under www.northernbitcoin.com.

Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Bitcoin AG and does not constitute a prospectus of Northern Bitcoin AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

 

Press contact: Northern Bitcoin AG Dr. Hans Joachim Dürr Head of Corporate Communications Thurn-und-Taxis-Platz 6 60313 Frankfurt Germany E-Mail: h.duerr@northernbitcoin.com Telefon: +49 69 348 752 89

Investor Relations: Sven Pauly E-Mail: ir@northernbitcoin.com Telefon: +49 89 125 09 03 31

09.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Northern Bitcoin AG Thurn-und-Taxis-Platz 6 60313 Frankfurt/Main

Germany Phone: +49 69 34 87 52 25 E-mail: info@northernbitcoin.com Internet: www.northernbitcoin.com ISIN: DE000A0SMU87 WKN: A0SMU8 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange EQS News ID: 870169   End of News DGAP News Service

870169  09.09.2019 

@ dgap.de