Northern Data AG

  • WKN: A0SMU8
  • ISIN: DE000A0SMU87
  • Land: Deutschland

Nachricht vom 10.02.2020 | 10:00

NORTHERN DATA TO SUCCESSFULLY MERGE WITH WHINSTONE US

DGAP-News: Northern Bitcoin AG / Key word(s): Merger/Alliance
10.02.2020 / 10:00
The issuer is solely responsible for the content of this announcement.

NORTHERN DATA TO SUCCESSFULLY MERGE WITH WHINSTONE US
 

- The merger creates world's leading blockchain infrastructure company

- High-Performance Computing Infrastructure in addition to blockchain for game streaming and AI

- Company to close strategic partnerships


Frankfurt on the Main - February 10, 2020 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) is about to successfully merge with the American company Whinstone US, Inc.

The deal, announced in November 2019, will be successfully completed in the coming weeks and results in a global technology company, whose infrastructure capacities build the foundation for a variety of software solutions which go far beyond Bitcoin and blockchain applications.

The new Company is based on mobile and stationary data centers for the field of High-Performance Computing (HPC) and software solutions based on these. In addition to HPC in the blockchain segment, the Company's hardware and software solutions will also be used in numerous other upcoming industries, such as artificial intelligence, game streaming or autonomous driving.

For these applications, the Company offers solutions both stationary in large data centers and in mobile containers, that can be placed anywhere in the world. It combines self-developed software and hardware with intelligent concepts for cost-efficient and sustainable energy supply. In Texas, Whinstone is currently building the largest data center in the USA and, at the same time, the world's largest Bitcoin mining facility.

"The new Northern Data AG holds a leading position in upcoming technology sectors. The backbone of our activities is the high-performance computing capacity at our disposal," explains Aroosh Thillainathan, CEO of Northern Data AG. "With our roots in blockchain, we have created a great foundation for future growth with strong international partners in other areas such as artificial intelligence or game streaming."

In addition to the successful merger with Whinstone US, Inc., the new Northern Data AG is about to conclude a series of strategic partnerships with global players, which will be published in the coming weeks.

About Northern Data:
Northern Data AG is building a global infrastructure for the field of High-Performance Computing (HPC), which goes far beyond Bitcoin and blockchain applications. The globally operating technology Company evolves from the merger of German Northern Bitcoin AG and American Whinstone US, Inc. and specializes in the infrastructure for blockchain applications, such as Bitcoin mining. For this purpose, the Company offers solutions both stationary in large data centers and in mobile containers, which can be located at any location worldwide. In doing so, it combines self-developed software and hardware with intelligent concepts for sustainable energy supply. In Texas, Whinstone is currently building the largest data center in the USA and, at the same time, the world's largest Bitcoin mining facility. The HPC data center infrastructure built by Northern Data Group is designed to be used not only for blockchain applications but also for numerous other industries, such as game streaming, artificial intelligence, and autonomous driving.

Disclaimer:
This press release represents neither an offer to sell nor a request to submit an offer to purchase Northern Data AG, nor does it constitute a securities prospectus for Northern Data AG. The information contained in this press release is not intended to serve as a basis for financial, legal, tax-related or other business decisions. Investment or other decisions should not be taken solely on the basis of this press release. As in all business and investment matters, please seek qualified professional advice. This press release and the information it contains are not intended for direct or indirect communication to or within the United States of America, Canada, Australia or Japan.

Press Contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Mail: h.duerr@northerndata.de
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
Mail: ir@northerndata.de
Phone: +49 89 125 09 03 31



10.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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