DGAP-News: Northern Data AG / Key word(s): Monthly figures/Cryptocurrency/Blockchain

Northern Data reports on its operations for April 2022

04.05.2022 / 12:38
The issuer is solely responsible for the content of this announcement.


Northern Data reports on its operations for April 2022

  • 44,900 ASIC systems equivalent to 4.07 exahash per second (EH/s) in operation at the end of April 2022
  • By the end of the year, as planned, a total of more than 100,000 ASIC systems should be operational, which represents approximately 9.3 PE/s
  • Since the start of 2022, Northern Data has generated:
    • 19,452 ethers
    • 1,055 bitcoins
  • Northern Data holds cryptocurrencies, approx. 1,390 Bitcoin and approx. 39,800 Ethereum, currently worth €153 million (an increase of around 4% month-over-month) by the end of April
  • Bitcoin generation in April 2022: 324 (an increase of around 13% month-over-month)
  • Ethereum generation in April 2022: 4,583 (scheduled inventory maintenance caused ~9% decrease month over month)
  • All monthly figures are unaudited and may include rounding and billing differences for cryptocurrency production (in particular, with respect to hosting customers)

Frankfurt/Main? May 04, 2022? Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) today released a trading activity update for April 2022. In April 2022, the Bitcoin mining fleet operated by Northern Data increased by approximately 1,400 machines from next-generation ASIC systems, to reach a total of 44,900. This caused the Bitcoin hash rate (including hosting) to increase by around 3% to around 4.07 EH/s at the end of April compared to the month previous (about 3.95 PE/s). Of the 44,900 systems, 22,800 are hosted on behalf of customers, with the rest assigned to own-account mining. By the end of the year, as planned, a total of more than 100,000 ASIC systems should be operational, which represents approximately 9.3 pe/s. Most of these ASIC systems are already paid for.

GPU server systems, with over 223,000 GPUs, have been fully operational since late last year. A total of 4,583 ETH was generated in April 2022. Due to planned inventory maintenance at a data center, the availability of GPU server systems was 9% lower compared to the previous month.

A total of 324 Bitcoins and 4,583 Ethereum were generated in April 2022. As of the end of April 2022, Northern Data held cryptocurrencies, including receivables to which the company is contractually entitled, for a total of approx. 1,390 BTC and approx. 39,800 ETH, which at current exchange rates (BTC/EUR 35,770; ETH/EUR 2,589) equates to a value of all cryptocurrencies held of approx. 153 million euros.

About North Data:
Northern Data strongly believes that high performance computing (HPC) will? literally ? determine what the future holds. CHP has the power to unlock unprecedented potential and opportunity for research and development, business and government. Our multinational organization is rapidly taking a position of global significance in the field of GPU and ASIC-based solutions by designing and operating efficient and green HPC infrastructures. We offer a combination of smart and sustainable data centers, state-of-the-art hardware and in-house developed software for various HPC applications. These include bitcoin mining, blockchain technology, artificial intelligence, big data analytics, IoT, and graph rendering. Northern Data Group currently operates large-scale custom data centers and proprietary high-performance mobile data centers and employs over 180 people in seven countries.

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

04.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Tongue: English
Company: Northern Data AG
An der Welle 3
60322 Frankfurt/Main
Call: +49 69 34 87 52 25
E-mail: [email protected]
The Internet: www.northerndata.de
Listed: Unofficial regulated market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hannover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS news ID: 1343467

End of news DGAP Information Service

1343467 04.05.2022

EQS 2022

All news from NORTHERN DATA AG

Sales 2021 202M
Net income 2021 23.7 million
25.0 million
25.0 million
Net cash 2021 594M
626 million
626 million
PER 2021 ratio 46.1x
2021 performance
Capitalization 688M
726 million
726 million
EV / Sales 2021 0.47x
EV / Sales 2022 0.04x
# of employees 157
Floating 100%

Duration :

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Medium consensus TO BUY
Number of analysts 1
Last closing price €47.02
Average target price €208.00
Average Spread / Target 342%


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