Northern Data announces new Block.one backed customer

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  • Base case 180 MW with upsize option to 300 MW
  • “Strategic market positioning and strong leadership of Northern Data”
  • Strong demand for Northern Data’s HPC-Solutions

Frankfurt am Main – July 03, 2020 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the world’s largest providers of high-performance computing (HPC) solutions, continues to enjoy a very successful 2020 with the signing of 180 MW of capacity with a new customer.

Northern Data’s most recent customer is a Bitcoin mining operation backed by Blockchain Powerhouse Block.one with an initial 180 MW volume and an upsize option to 300 MW, which the company signed today and which shall go live in early 2021.

Brendan Blumer, CEO of Block.one, says: “Block.one’s focus on leveraging EOSIO to bring increased scalability and transparency to the greater blockchain industry led us to Northern Data and their strategic market positioning and strong leadership. We’re excited to be collaborating with them to introduce unprecedented Bitcoin mining solutions, powered by EOSIO.”

Aroosh Thillainathan, CEO of Northern Data AG adds, “We are pleased that Block.one is convinced of our services and that we have won the company as another blue-chip customer. The unique infrastructure for HPC applications, which we operate from Texas on this scale, is a magnet for large customers who place high demands on the time and cost efficiency of their HPC applications.” Northern Data continues to see strong demand for its HPC solutions, fuelled by the boom of online business models as well as the increased market adoption of financial related Blockchainapplications like Bitcoin mining, one of the major tasks Northern Data’s clients are performing with the HPC capacities provided.

About Block.one

Block.one is a global software company specializing in high performance blockchain software. In 2018, it published EOSIO, a free, open-source protocol designed to bring speed, scalability, and ease of use to the secure and transparent fundamentals of distributed databases. Block.one’s social platform Voice aims to redefine social media by cultivating creation, sharing, discovery and promotion of content by real users. Block.one’s venture capital arm, EOS VC, invests in companies, projects, and developers around the world leveraging EOSIO technology.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

Press Contact

Dr. Hans Joachim Dürr
+49 69 34 87 52 89
presse@northerndata.de

Ir Contact

Sven Pauly
+49 89 125 09 03 30
ir@northerndata.de