Insider information pursuant to Article 17 MAR
Frankfurt/Main / Beijing – October 8, 2018 – Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) and the US-based Growfund, Inc., owner of the Rawpool Group, today signed a comprehensive strategic cooperation agreement. The strategic cooperation, which begins immediately, covers the areas of crypto wallets, Bitcoin mining and crypto exchange, some of which significantly expand Northern Bitcoin AG’s existing business.
In the crypto wallet sector, Northern Bitcoin will join forces with Bpal to launch the “Bpal Wallet“-digital purse on the European market. Bpal Wallet is a digital application for the storage of crypto currencies, which also permits the receipt and dispatch of crypto money. Apart from the market introduction in the countries of the European union, Bpal and North-ern Bitcoin jointly intend to enter cooperations with financial institutions such as banks and stock exchanges within the range of cryptocurrencies on a world-wide basis. In the context of the agreement Bpal will establish its European head-office in Frankfurt/Main and will be comprehensively supported by Northern Bitcoin.
In Bitcoin mining, Rawpool will use its leading market position to provide Northern Bitcoin with access to low-cost mining hardware. In addition, the two companies will work to-gether to further develop the mining facilities in Northern Europe and to negotiate energy costs at the sites.
Northern Bitcoin and Bi.top Exchange intend to establish a joint cryptoexchange in Europe. Bi.top offers the world’s first complete ecosystem for the exchange of digital assets, adding significant value over existing cryptoexchanges. Bi.top provides its complete market-entry solution, including technical and operational support.