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NORTHERN BITCOIN AG AGREES MERGER WITH WHINSTONE US, INC. BY CAPITAL INCREASE AGAINST CONTRIBUTION IN KIND

Frankfurt on the Main, November 18, 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) and the shareholders of Whinstone US have agreed on a merger of Whinstone US with Northern Bitcoin AG. Whinstone US operates specialized data centers for blockchain applications such as Bitcoin mining. The Whinstone team has a successful track record in Bitcoin mining since 2014 and is currently building in the USA the largest mining facility worldwide with a capacity of one gigawatt on an area of over 100 acres. Whinstone US is to be contributed to Northern Bitcoin AG by issuing 3,720,750 shares from the authorized capital under exclusion of subscription rights as part of a capital increase against contribution in kind. The current shareholders of Whinstone US undertake not to sell (lock-up) the shares from the capital increase against contribution in kind for a period of 36 months without the consent of the Supervisory Board (which can in particular be granted for off-exchange transactions); after expiry of this period 25% of the shares will be released from the lock-up per quarter. The transaction is still subject to a satisfactory due diligence of Whinstone US by Northern Bitcoin AG. It is intended that the Management Board of Northern Bitcoin AG will be expanded at short notice by the management of Whinstone US.

Press contact:
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Mail: [email protected]
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
Mail: [email protected]
Phone: +49 89 125 09 03 31