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    NB2   DE000A0SMU87

NORTHERN DATA AG

(NB2)
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DGAP-Adhoc: Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind

09/03/2021 | 11:53am EDT

DGAP-Ad-hoc: Northern Data AG / Key word(s): Investment/Takeover Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind 03-Sep-2021 / 17:51 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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AD HOC Northern Data Plans Acquisition of Majority Interest in Bitcoin Mining Company for up to USD 475 Million through Capital Increase Involving a Contribution in Kind . Plans call for acquisition of a majority interest in a bitcoin mining company, primarily in exchange fornew shares in Northern Data AG to be issued through a corresponding capital increase against a contribution inkind, excluding shareholders' subscription rights. . Subject to the positive outcome of the due diligence review and necessary appraisal and valuationprocedures, the closing of the transaction will require the approval of the Supervisory Board of Northern Data AGand shareholders of the target company. . Northern Data expects that the transaction could be completed in September 2021. Frankfurt am Main - September 3, 2021 - Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) is planning to acquire a majority interest in a bitcoin mining company. The transaction would essentially involve a capital increase in connection with a contribution in kind using existing Authorized Capital 2021. As a result, the transaction would require no further approval by shareholders of Northern Data AG.

The purchase price of up to USD 475 million would cover the acquisition and commercial operation of some 33,000 ASIC miners. The hardware acquired would represent a strategic asset build-up and complement Northern Data's existing bitcoin hosting infrastructure solutions.

Northern Data would generate initial revenue and a corresponding contribution to EBITDA upon closure of the transaction. The anticipated positive impact at the level of the forecast for the 2021 financial year would be described in detail when the annual report for 2020 is published. Investor Relations: Jens-Philipp Briemle Head of Investor Relations An der Welle 3 60322 Frankfurt am Main E-Mail: jens-philipp.briemle@northerndata.de Phone: +49 171 557 6989

Important notice: This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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03-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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:       info@northerndata.de 
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:  1231206 
 
End of Announcement  DGAP News Service 
=------------ 

1231206 03-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1231206&application_name=news

(END) Dow Jones Newswires

September 03, 2021 11:52 ET (15:52 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) -1.93% 51014 Real-time Quote.119.75%
BITCOIN (BTC/USD) -1.75% 59228 Real-time Quote.109.32%
NORTHERN DATA AG 3.14% 55.8 Delayed Quote.-32.21%
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Financials
Sales 2020 134 M 156 M 156 M
Net income 2020 28,7 M 33,3 M 33,3 M
Net cash 2020 109 M 126 M 126 M
P/E ratio 2020 29,2x
Yield 2020 -
Capitalization 664 M 770 M 772 M
EV / Sales 2020 4,14x
EV / Sales 2021 1,10x
Nbr of Employees 8
Free-Float 100%
Chart NORTHERN DATA AG
Duration : Period :
Northern Data AG Technical Analysis Chart | NB2 | DE000A0SMU87 | MarketScreener
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 54,10 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Aroosh Thillainathan Chief Executive Officer
Mathias Dńhn Chief Financial Officer
Tom Oliver Schorling Chairman-Supervisory Board
Andreas Lange Chief Technological Officer
Stefan Sickenberger Chief Operating Officer
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