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Frankfurt am Main, Germany – 3 July 2020 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world’s largest providers of high-performance computing (HPC) solutions, has signed a new customer for 180 MW of power, extending its successful 2020.
Northern Data’s most recent customer is a Bitcoin mining operation backed by Blockchain Powerhouse Block.one, with an initial volume of 180 MW and an option to scale up to 300 MW, which the company signed today and will go live in early 2021.
Block.one’s CEO, Brendan Blumer, says: “Block.one’s emphasis on leveraging EOSIO to improve scalability and transparency in the blockchain industry led us to Northern Data and their strategic market positioning and strong leadership. We’re thrilled to be working with them to bring EOSIO-powered Bitcoin mining solutions to market.”
Northern Data AG’s CEO, Aroosh Thillainathan, adds, “We are delighted that Block.one believes in our services and has chosen us as another blue-chip client. Large customers who put high demands on the time and cost efficiency of their HPC applications are drawn to the specific infrastructure for HPC applications that we run on this scale from Texas.”

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Members of the Ateam are probably conscious that we can’t get enough of BKPPF. If you’ve been following us for a while, you’ll know that our long-term swing trade calls have been on fire. We’ve honed our skills at spotting stocks that are just entering the recognition stage. On our penny stock watchlist, BKPPF is currently ranked first.
According to a TG12 ventures update, the company now has 200 operational miners and expects to have 1,000 by the end of March. BKPPF would have a significant advantage over rivals due to the low price of $0.10 per kilowatt hour. Their mine has the capacity to accommodate up to 600,000 miners. That means there will be a lot of future trigger and news to look forward to.
A bill to relax the rules was just passed by the Senate. Following Dodd-Frank, it appears that blockchain would have a major impact on the mortgage industry. For lenders and customers, blockchain’s ability to conduct and record complex transactions will be extremely beneficial and cost-effective. Finzat Block Inc. is in a very advantageous position because they are at the forefront of BlockChain and Mortgages. The mortgage industry can’t afford to fall behind on blockchain, according to this National Mortgage News report.

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Nick Watters has considerable capital market experience, having served as a director or officer of a number of public and private companies in a range of industries, including mining, technology, and biotech. Mr. Watters has also formed several profitable junior companies and has played a key role in raising over $260 million in equity financings during his career.
Mr. Watters has been issued 300,000 stock options, exercisable at $0.08 per share for three years, subject to regulatory approval. Half of the options would vest in six months, with the other half vesting in twelve months.
This press release includes forward-looking statements based on the Company’s assumptions, forecasts, and predictions for its business and the economic climate in which it operates. While Block One assumes that the expectations reflected in such forward-looking statements are based on rational assumptions, they are not guarantees of future success and are subject to risks and uncertainties that are difficult to control or predict. As a result, actual outcomes and performance may vary materially from those projected in these forward-looking statements, and readers should not place undue reliance on them. Costs affecting profitability, availability of capital and funding on reasonable terms, general economic, market, or business conditions, including the general risks associated with regulatory changes, availability of resources on a timely basis, incidents, and uninsured risks, are all factors that may cause actual results to vary materially from those in forward-looking statements. Unless expressly required by law, these forward-looking statements speak only as of the date on which they are published, and the Company assumes no duty to amend them publicly to represent new knowledge or the occurrence of future events or circumstances.

Frankfurt am Main, Germany – 17 June 2020 –

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With the approval of the Supervisory Board, the Management Board of Northern Data AG (ISIN DE000A0SMU87, WKN A0SMU8, ticker NB2) decided today to increase the Company’s issued share capital by issuing 431,225 new no-par value ordinary bearer stock. This is equal to 3.64 percent of the company’s current share capital. The shares are distributed in exchange for cash contributions, with the current approved capital being used only in part and existing shareholders’ subscription rights being ignored. The shares are priced at EUR 50 each, resulting in gross proceeds of EUR 21,561,250. Block.One, a strategic investor, will subscribe to all shares. Block.One is the creator of the EOSIO open source platform and the world pioneer in high-performance blockchain software. Block.one and Northern Data plan to collaborate closely to develop software infrastructure for Northern Data’s HPC facility based on EOSIO. The capital increase’s net proceeds will be used to improve the balance sheet, accelerate the expansion of current business operations, and for general corporate purposes. The new shares would be added to the current listing on the Munich Stock Exchange’s Open Market without a prospectus (m:access).

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