DGAP-News

Northern Data provides operations update year-to-date 2021 and confirms guidance for FY2021

DGAP-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain/Monthly Figures Northern Data provides operations update year-to-date 2021 and confirms guidance for FY2021 (news with additional features) 02.12.2021 / 07:30 The issuer is solely responsible for the content of this announcement. PRESS RELEASE / IR RELEASE Northern Data provides operations update year-to-date 2021 and confirms guidance for FY2021

• YTD 2021 Northern Data generated:
  • 20,812 green¹ ETH (for own account)
  • 405 BTC (for own account)
  • 61 BTC (3rd party) out of profit-sharing

• In November 2021 Northern Data generated:
  • 5,940 green¹ ETH (for own account)
  • 159 BTC (for own account)
  • 44 BTC (3rd party) out of profit-sharing

• Northern Data had 17,000 ASIC miners online (thereof 6,200 for hosting customers) end of Nov'21
• As projected 1.7 Exahashes for BTC mining online end of November
• 17,000 miners currently online, representing 15% of the 110,000 miners (contractually secured) to be operated by Northern Data at the end of 2022.
• Gigabyte server roll-out completed with 223,000 GPUs (this implies 12.7 Terahashes) being online for Altcoin Mining end of November
• Guidance FY2021 confirmed based on operational performance and projected hardware sales

Frankfurt am Main - 02 December 2021 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87 / ISIN DE000A3E5EZ5), the leading value generator for HPC infrastructure solutions, today provided a year-to-date operations update for 2021.

CEO Aroosh Thillainathan: "We are pleased to provide the first operations update for our mining business since we acquired Decentric and Bitfield. On this basis, we hereby confirm our guidance for FY2021 with revenues of EUR 180-220 million and EBITDA of EUR 100-125 million. If you look at the operational numbers for November 2021 alone, you can see the amount of high-performance compute power that is already online in our data centers. We will continue at this level and significantly increase the number of ASIC miners as planned. The implementation of our roll-out plan is well underway."