Northern Bitcoin AG considering strategic options for business expansion

19:50 CET/CEST

Frankfurt on the Main – November 03, 2019. Northern Bitcoin AG is currently evaluating strategic options to further optimize and expand its business. Such options may include strategic acquisitions of new sites, hardware or direct investments in other companies. The Company plans to take advantage of such opportunities in the short and medium term. At present, the Company has in particular entered into discussions regarding the possible acquisition of a company that builds and operates data centers specializing in blockchain applications such as Bitcoin mining. The investment is planned to be implemented by means of a capital increase through contributions in kind using the existing authorized capital at Northern Bitcoin AG. In addition, the Company continues to review options on an ongoing basis to optimize its business. To this end, discussions are currently being held with potential partners to set up the mobile mining containers of Northern Bitcoin AG at locations where energy producers provide electricity at no cost to Northern Bitcoin AG and in return receive a share of the proceeds from mining.

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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 Canada, Australia or Japan.

Press Contact
Dr. Hans Joachim Dürr
Head of Corporate Communications
E-Mail: h.duerr@northernbitcoin.com
Phone: +49 69 348 752 89
Investor Relations
Sven Pauly
E-Mail: ir@northernbitcoin.com
Phone: +49 89 125 09 03 31