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 midMay 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

Stay up to date


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
Phone: +49 69 348 752 89

Investor Relations

Sven Pauly
Phone: +49 89 125 09 03 31

Latest news

New opportunities to pay with Bitcoin

With the focus on Bitcoin as a digital preserver of value, its function as a means of payment seems to have taken a back seat. Here too, however, solutions are being developed to increase the speed of transactions, and the network of companies which accept Bitcoin in payment is constantly

Read More »

One third of US investors are considering Bitcoin purchases

Over a third (36%) of US investors would consider an investment in Bitcoin. What attracts them in particular is that they can start by investing small sums in Bitcoin. The potential for growth and the limited availability also argue in favor of an investment in Bitcoin. These are the principal

Read More »

Corporate News

Northern Bitcoin Publishes Annual Report 2018

Frankfurt am Main, July 23, 2019. Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world’s leading companies in the sustainable mining of Bitcoin, today published its 2018 Annual Report. It is the first annual report following the realignment of the business purpose as a Bitcoin mining company in

Read More »

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 »