03.09.2018
Northern Bitcoin AG DE000A0SMU87
DGAP-News: Northern Bitcoin displays successful first half year 2018
DGAP-News: Northern Bitcoin AG / Key word(s): Half Year Results
Northern Bitcoin displays successful first half year 2018
03.09.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Northern Bitcoin displays successful first half year 2018
- Launch of Lefdal / Norway mine
- Commencement of Bitcoin mining in mid-May 2018
- Successful development of proprietary mining pool
Frankfurt/Main, 03 September 2018 - Northern Bitcoin AG (ISIN: DE000A0SMU87)
has succeeded at taking its Bitcoin mining infrastructure in Norway into
operation during the first half of 2018. During this time, a capacity of
47,000 TH/s was installed and since mid-May 2018 the corresponding Bitcoin
mining activities have been taking place through which an overall output of
EUR 1.18 million was achieved in H1/2018.
Building upon its Bitcoin mining infrastructure in Norway based on mobile
mining containers, Northern Bitcoin AG during the first half-year has
furthermore self-developed the software for a proprietary Bitcoin mining
pool with which it in the course of making a substantial contribution to the
Bitcoin infrastructure on a global scale.
"The rapid technical implementation of our Bitcoin infrastructure, based
upon both a hardware and a software component, has made us one of the
fastest growing Bitcoin corporations in Europe," says Mathis Schultz, CEO of
Northern Bitcoin AG. "With the imminent market introduction of our
proprietary mining pool, we now have the potential to establish ourselves as
a leading player for most anything related to Bitcoin."
Following the successful launch of the mobile Bitcoin mining containers at
the site in Norway, the company is now glancing upon the imminent
introduction of its proprietary mining pool. The Northern Bitcoin mining
pool is a self-developed software for governing mining computing power. It
addresses all Bitcoin miners worldwide and enables them to achieve constant
revenue streams and, hence, increase the visibility of their income.
Northern Bitcoin receives a fee in form of a pro-rata participation in the
users' mining proceeds.
Corresponding to this phase of developments and the comprehensive
establishment of operations, Northern Bitcoin AG managed to achieve a net
result of EUR -1.48 million for H1/2018.
The detailed H1/2018 report will be published on the company's website
within the next few days at www.northernbitcoin.com/investor-relations.
Contact
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
T: + 49 69 34 87 52 89
Email: [email protected]
Sven Pauly
Investor Relations
T: +49 89 89 82 72 27
Email: [email protected]
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03.09.2018 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
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Language: English
Company: Northern Bitcoin AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: [email protected]
Internet: www.northernbitcoin.com
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Munich
End of News DGAP News Service
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