Northern Bitcoin AG plans extensive cooperation with one of the world’s leading cryptomining companies and in this context also capital measures

11:33 CET/CEST

Frankfurt am Main, 28 May 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) today has signed a letter of intent (LOI) with one of the world’s leading crypto-mining companies for the potential cooperation between both entities. The object of the LOI is the extension of crypto-mining capacities and the strengthening of Northern Bitcoin’s operational business through the purchase and the contribution in kind of (not yet determined) resources. The LOI is non-binding and the implementation of the transaction is subject to various suspending conditions as well as committee approval. Within the scope of the intended transaction – which shall consist of the purchase of resources facilitated through one or several capital increases by way of contribution in kind signed by the crypto-mining company under exclusion of subscription rights as well as a capital increase for cash with strategic investors – Northern Bitcoin would achieve an outstanding market position in the area of bitcoin mining.

Stay up to date

Disclaimer

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  nvestment 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

Latest news

Northern Bitcoin doubles its mining capacities

Acquisition of 4,475 ASIC Miners Doubling of existing mining capacities Further significant expansion steps ahead of completion Frankfurt am Main, Germany – July 01, 2019. Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world’s leading companies in the sustainable mining of bitcoin, has signed a purchase agreement for

Read More »

Northern Bitcoin acquires mining hardware

11:00 CET/CEST AD HOC RELEASE Frankfurt am Main, Germany – July 01, 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) has concluded a purchase agreement for the acquisition of 4,475 ASIC miners. The contract doubles Northern Bitcoin’s mining capacity from 57 PH/s to approximately 112 PH/s. The hardware will be directly

Read More »

Corporate News

Northern Bitcoin doubles its mining capacities

Acquisition of 4,475 ASIC Miners Doubling of existing mining capacities Further significant expansion steps ahead of completion Frankfurt am Main, Germany – July 01, 2019. Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world’s leading companies in the sustainable mining of bitcoin, has signed a purchase agreement for

Read More »

Northern Bitcoin acquires mining hardware

11:00 CET/CEST AD HOC RELEASE Frankfurt am Main, Germany – July 01, 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) has concluded a purchase agreement for the acquisition of 4,475 ASIC miners. The contract doubles Northern Bitcoin’s mining capacity from 57 PH/s to approximately 112 PH/s. The hardware will be directly

Read More »