news - The SiLLC Assembly

Arcane Crypto publishes Interim Report for Q4 and full year of 2022

Fourth quarter of 2022 (compared to fourth quarter 2021)

Group revenue decreased to 45,032 kSEK (148,930)
EBITDA amounted to -13,765 kSEK (-3,383)
Adjusted EBITDA amounted to -10,046 (-3,383)
EBIT amounted to -18,008 kSEK (-11,737)
The result for the period amounted to -14,460 kSEK (-12,568)
Earnings per share before dilution amounted to SEK -0.002 (-0.002)
Earnings per share after dilution amounted to SEK -0.002 (-0.001)

Full year 2022 (compared to full year 2021)

Group revenue decreased to 287,838 kSEK (332,625)
EBITDA amounted to -43,830 kSEK (-21,969)
Adjusted EBITDA amounted to -32,930 kSEK (-21,969)
EBIT amounted -95,287 kSEK (-33,468)
The result for the period amounted to -94,201 kSEK (-163,440)
Adjusted result for the period amounted to -94,201 kSEK (-36,487)
Earnings per share before dilution amounted to SEK -0.011 (-0.021)
Earnings per share after dilution amounted to SEK -0.011 (-0.019)

CEO Torbjørn Bull Jenssen comments:

“Despite the bear market, we have used this opportunity to focus on building and restructuring the company, preparing ourselves for the next wave of adoption.”

Main events during Q4 2022

On November 1, Arcane announced Viggo Leisner’s departure from the Board due to other professional obligations.
On November 22, Arcane announced an operational reorganization, unifying its growing private wealth business under a new business unit called K33.
On November 25, Arcane’s portfolio company, LN Markets (ITOAM srl) announced the launch of synthetic USD feature, allowing for seamless swaps between BTC and USD.
On December 1, Arcane announced a research distribution partnership with Blomberg. Arcane’s research-led digital assets brokerage K33’s research’s content is now available on Bloomberg terminals.

Main events after the end of the period

On January 30, Arcane announced its intention to change the company name to Arcario. An extraordinary general meeting was announced for March 2^nd to approve the name change.
On February 16, Arcane announced that its subsidiary K33 has developed a crypto reference index together with Vinter, a crypto index provider.
On February 23, Arcane announced that it had entered into a convertible loan agreement with COWA and was discussing a strategic M&A transaction.

Webcast presentation

The company will hold a webcast presentation where CEO Torbjørn Bull Jenssen will present the report today at 10:00 CET. Investors, analysts, and media are invited to follow the webcast.

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230228_11

No pre-registration is required. The presentation will be held in English and questions can be submitted in English during the webcast.

About K33

K33 is a research-led digital assets brokerage with investment services, helping clients across EMEA make informed decisions backed by industry leading digital assets research, enter the market guided by a multi-exchange brokerage service, and invest safely for the long term in tailored managed funds. K33 provides a unified platform where customers get access to Research, digital assets brokerages, funds, and structured products. The unified platform will be rolled out during Q1 2023. The platform can be accessed both directly by customers on k33.com and through distribution partners and asset management firms that have signed up to offer the K33 platform as part of their investment offering.

About Arcane Crypto

Arcane Crypto AB is a holding company with broad exposure to the digital assets industry. The Company holds 100% stakes in K33, a research-led digital assets brokerage with investment services across EMEA, Arcane Green Data, an environmentally sustainable Bitcoin mining operation based in northern Norway, and minority stakes in both Puremarkets Ltd (37.5%), an interbank OTC market for digital currencies, and LN Markets (16%), a Bitcoin exchange built on the Bitcoin Lightning Network.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail:
web: investor.arcanecrypto.se

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.

The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EU’s Market Abuse Regulation (MAR). This information was submitted for publication at 08:00 (CET) on 28th February 2023, through the agency of the CEO.

Files for download

2022-Q4-report.pdf

Arcane-Crypto-AB-Q4-2022.pdf

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

10% stake in Rhein Petroleum sold

The UK-based company Beacon Energy plc announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG (10%) and Tulip Oil Holding (90%).

Mannheim, Dezember 16, 2022

British Beacon Energy plc acquires Rhein Petroleum/Deutsche Rohstoff receives shares and a revenue share

Mannheim. The UK-based company Beacon Energy plc (AIM: BCE; “Beacon”) announced today that it has acquired all of the shares in Rhein Petroleum GmbH from Deutsche Rohstoff AG (10%) and Tuilp Oil Holding (90%), (please see www. beaconenergyplc.com). As part of the sale, Deutsche Rohstoff will receive a share in Beacon of around 3.3% as well as a revenue share of around 1% of the future net returns from Rhein Petroleum’s production (“earn out”).

The value of the 3.3% stake in Beacon will initially be around EUR 0.3 million after the transaction and a capital measure. Considerable further potential arises from the “earn-out” agreement. Beacon intends to further develop Rhein Petroleum’s existing acreage and significantly increase production.

In 2011 and 2012, Deutsche Rohstoff AG sold its majority stake in Rhein Petroleum to Tulip Oil. This resulted in a profit of around EUR 9.8 million. Under the Shareholders’ Agreement concluded at that time, Deutsche Rohstoff AG had undertaken to sell its own remaining shares in the event of Tulip Oil selling the majority of the shares. This agreement was now applied.

Irrespective of this, Deutsche Rohstoff AG considers the transaction to be positive. The shares in Beacon are traded on the AIM segment of the London Stock Exchange. Tulip Oil also replaces the guarantees in the amount of approximately EUR 1.5 million that Deutsche Rohstoff AG had provided to the mining authority in Hesse.

Mannheim, 16. December 2022

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten round off the portfolio. Further information is available at www.rohstoff.de

Contact

Deutsche Rohstoff AG

Phone +49 621 490 817 0

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DIGITALX DECEMBER BITCOIN AND DIGITAL ASSET EXPOSURE

DECEMBER BITCOIN AND DIGITAL ASSET EXPOSURE

DigitalX Limited (ASX:DCC, OTCQB: DGGXF) (the Company) provides the following monthly update to shareholders on its funds under management and value of Bitcoin and digital asset holdings as at the end of December 2022.

The DigitalX Bitcoin Fund declined 0.3% for the month and the DigitalX Fund fell 3.7%, while the S&P Cryptocurrency Top 10 Equal Weight Index (“Index”) declined 14.0%. Over the quarter, the DigitalX Bitcoin Fund declined 18.8% and the DigitalX Fund fell 22.2%, while the Index declined 26.5%.

The performance of both DigitalX funds reflected the subdued market action in December in the wake of the collapse of the FTX exchange. The active DigitalX Fund strategy outperformed the Index this month and quarter due to our relatively conservative portfolio composition and higher allocations to Bitcoin and Ethereum than the Index.

DigitalX Chief Executive Officer, Lisa Wade said:

“Although a negative month and tough quarter for digital assets, it is pleasing that our funds outperformed the Index with our focus on quality names inside the Top 20 crypto universe.

We believe 2023 will see further volatility across financial markets and expect the recent correlation to digital asset markets to continue. In saying this, we believe that the underperformance gap of digital asset markets to broader equity markets will close over the medium term (this gap is currently 55%) as we see further movement towards industry regulation and transition from traditional finance to decentralised finance. In the short term, digital asset markets must navigate the continued fallout from the collapse of FTX, with the possibility of further Chapter 11 bankruptcies dominating news flow in January.

We continue to position ourselves as a safe pair of hands in digital asset management by managing counter-party risk, utilising cold storage methods and producing our significant proprietary research aligned to our long term thematic views for the digital assets sector. Our top investment themes continue to include:

1. Real world asset tokenisation;
2. Decentralised data (including ZK Rollups – a cryptographic proof to validate Ethereum transactions faster, cheaper and more securely);
3. Digital identity opportunities; and
4. Web3.0 infrastructure across decentralised application networks.

We believe the structural shift of financial infrastructure into Web3.0 financial guardrails is well underway and expect institutional adoption to continue to accelerate in 2023.

Finally, in December ~A$800,000 of our Bitcoin holdings held in Treasury (~15%) was converted into cash as part of our broader strategic initiative to more actively manage treasury assets and optimise investment opportunities. The board and management are focused on proactively generating shareholder value and making sure our balance sheet is generating value.”

For information on the DigitalX digital asset funds please visit https://digitalx.fund/

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