14.07.2023 Northern Data AG  DE000A0SMU87

EQS-News: Northern Data AG: Financial results for mining business in June 2023


 

EQS-News: Northern Data AG / Key word(s): Monthly Figures
Northern Data AG: Financial results for mining business in June 2023

14.07.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE / IR NEWS

Financial results for mining business in June 2023

 

  • 180 BTC generated in June (-25% month-on-month)
    • Difference compared to previous month due to curtailment of activity from weather-related restrictions (which resulted in more profitable per coin production), BTC transaction fees returning to normal level, and a continued increase in the global hash rate
  • Received EUR 0.5 million (equivalent to approx. 20 BTC) in fees from participating in demand response activities in June
  • BTC mining revenues of EUR 4.6 million in June (-24% month-on-month)
  • BTC revenue since the beginning of the year: EUR 30.6 million


Performance Indicators

  June ’23 May ’23 YTD 2023
BTC generated 180
(YoY: -16% / MoM: -25%) 
240
(YoY: -11% / MoM: +15%) 
1,304
BTC sold 180 241 1,338
Number of Self-Mining
ASIC servers installed
40,508 (3.77 EH/s)
MoM: ±0%
40,643 (3.78 EH/s)
MoM: ±0%
 
Utilization Self-Mining
ASIC servers
62% (2.35 EH/s) 69% (2.62 EH/s)  

All monthly figures are unaudited and may include rounding and billing differences for Bitcoin production.

Frankfurt am Main – 14 July 2023 - Northern Data AG (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) today provided an update on its mining business activities for the month of June. Northern Data produced a total of 180 Bitcoin in June 2023, generating revenues of EUR 4.6 million, 24% less than the corresponding figure for the previous month. Year-to-date BTC revenue thus totals EUR 30.6 million.

Temperatures in the U.S. reached near-record levels during the month and power demand in Europe was high, leading to higher power prices. The Mining division was therefore curtailed, to reduce the average cost of power, in line with Northern Data’s power strategy, resulting in a lower but more profitable production (per coin). June’s mining rate (when compared month-on-month) was also a result of by BTC transaction fees returning to normal level, (due to ordinals hype in May), alongside a continued increase in the global hash rate (reaching an all-time-high of 390 EH/s).

In Europe, Northern Data participates in a grid demand response program (balancing the demand on power grids), which generated approximately EUR 0.5 million of additional income, representing an equivalent value of approx. 20 Bitcoin, based on the average price of Bitcoin during the month.

The company had a self-mining hash rate of around 3.77 EH/s and 40,508 ASIC systems installed on the Bitcoin network at the end of June 2023 (on par with the previous month).

About Northern Data: 

Northern Data firmly believes that High-Performance Computing (HPC) will — quite literally — determine what the future will hold. HPC has the power to unlock unprecedented potential and opportunities for research and development, business, and government. Our multinational organization is rapidly staking out a position of global significance in the area of GPU- and ASIC-based solutions by designing and operating efficient, sustainable HPC infrastructures. We offer a combination of intelligent data centers, cutting-edge hardware and self-developed software for various HPC applications. These include bitcoin mining, blockchain technology, artificial intelligence, big data analytics, IoT, and graphics rendering. The Northern Data Group currently operates custom, large-scale data centers and proprietary mobile high-performance data centers. Northern Data’s shareholders include among others Apeiron Investment Group, Samara Asset Group (formerly Cryptology Asset Group), Block.one, BlackMars Capital, Krypto Ventures and the founders of the Company, who together represent the majority of the voting rights. 

Investor Relations: 

Jens-Philipp Briemle 
Head of Investor Relations 
An der Welle 3 
60322 Frankfurt am Main 
E-Mail: [email protected] 
Telefon: +49 171 557 6989



14.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Northern Data AG
An der Welle 3
60322 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: [email protected]
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1680619

 
End of News EQS News Service

1680619  14.07.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 0,05 2,55 10,13 16,38 189,86 193,29 77,53
EBITDA1,2 -0,68 -4,94 -4,67 -12,34 320,06 -58,12 -28,23
EBITDA-Marge3 -1.360,00 -193,73 -46,10 -75,34 168,58 -30,07
EBIT1,4 -0,68 -5,57 -8,57 -30,48 254,13 -265,35 -153,16
EBIT-Marge5 -1.360,00 -218,43 -84,60 -186,08 133,85 -137,28 -197,55
Jahresüberschuss1 -0,70 -5,60 -9,27 -84,26 287,16 -265,76 -151,06
Netto-Marge6 -1.400,00 -219,61 -91,51 -514,41 151,25 -137,49 -194,84
Cashflow1,7 -0,69 -4,97 -6,01 183,48 88,07 0,96 -17,60
Ergebnis je Aktie8 -0,01 -0,10 -0,17 -1,58 5,37 -11,16 -5,22
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Liebhart & Kollegen

INVESTOR-INFORMATIONEN
©boersengefluester.de
Northern Data
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0SMU8 21,100 - 1.128,79
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,93 14,34 1,62 -14,08
KBV KCV KUV EV/EBITDA
1,54 - 14,56 -37,46
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
0,00 0,00 0,00 06.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 - 12.07.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,20% -16,50% -19,77% -7,66%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Northern Data AG  ISIN: DE000A0SMU87 können Sie bei EQS abrufen


IT-Infrastruktur , A0SMU8 , NB2 , XETR:NB2