Arcane announces mining partnership with Bitzero

Arcane announces mining partnership with Bitzero

Stockholm, 13 June 2022 — Arcane Green Data Services, a wholly owned subsidiary of Arcane Crypto, has entered into a hosting agreement with Exanorth, a subsidiary of Bitzero Blockchain Inc. (“Bitzero”). Arcane will relocate its bitcoin mining equipment to their facility in Northern Norway (electricity price sone, NO 4). Arcane retains full ownership of the equipment which will be fully managed by Bitzero.

After the move, which is expected to be finalised by end of month, Arcane Green Data will generate approximately 24 BTC per quarter at current market conditions. Gross margin is expected to be above 70%, also given current market conditions.

Torbjørn Bull Jenssen, CEO of Arcane Crypto says, “I am excited about our partnership with Bitzero. Their commitment to securing the bitcoin blockchain in the cleanest way possible, with renewable energy and heat capture, aligns well with our own ambitions. Bitzero is a global leader when it comes to developing green data centres, and we are looking forward to working with them and explore further opportunities for collaboration.”

Akbar Shamji, Founder & CEO of Bitzero, said, “The partnership with Arcane aligns our core focus to innovate in the blockchain space, whilst building ESG focussed datacentres. Our concurrent green Bitcoin mining operations perfectly synergise with Arcane, with whom we are excited to collaborate.”

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: ir@arcanecrypto.no
web: investor.arcanecrypto.se

About Bitzero
Bitzero is a privately held Canadian company whose operations are focused on the designing, building, and operating of ESG focussed data-centres. Bitzero mines green Bitcoin for its own account and also hosts third party servers at its datacentres, within a zero-carbon displacement (ZCD) ecosystem. Bitzero is focused on blockchain innovation and global data hosting, in harmony with its host communities.

About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

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

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se

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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.

Arcane Crypto announces intention to list an Exchange-Traded Product (ETP) based on the Arcane Assets Fund with Valour

PRESS RELEASE: Arcane Crypto announces intention to list an Exchange-Traded Product (ETP) based on the Arcane Assets Fund with Valour

Arcane Crypto’s wholly owned subsidiary Arcane Assets AS has today signed a Letter of Intent with Valour Structured Products Inc. with the intention to explore the issuance and listing of an Exchange-Traded Product (ETP) based on Arcane’s cryptocurrency fund. The ETP would be the first to have a cryptocurrency fund as underlying asset and the market provides exciting expansion possibilities for both the Arcane Fund and Valour. The parties are working on a definitive partnership agreement and a plan for issuance and expect these to be completed later this year. The project is in line with Arcane Crypto’s overall strategy to develop and invest in projects focused on bitcoin and digital assets.

 

Torbjørn Bull Jenssen CEO of Arcane Crypto AS said of the partnership:

Valour has successfully launched several ETPs tracking cryptocurrencies in the past and is an ideal partner for us. By joining forces, our intention is to bring a truly new and innovative product to market, lowering the frictions associated with cryptocurrency investments.

Valour (a wholly owned subsidiary of DeFi Technologies Inc.) is an issuer of ETPs that track underlying digital assets and the ETPs are listed on regulated European stock exchanges. This enables investors to easily gain exposure to this emerging asset class through their regular bank or broker like Avanza and Nordnet.

An ETP based on the Arcane Fund would work in the same way. In other words, investors would be able to buy and sell the ETP through their broker, which would track the performance of the Arcane Fund.

Eric Wall CIO of Arcane Assets commented:

We’re constructing this as an ideal one-stop shop solution for investors’ entire cryptocurrency exposure based on active portfolio management. We use all the market intelligence on a daily basis to offer the best kind of product, and investors can potentially gain exposure to our portfolio through an ISK (Investeringssparkonto) savings account.”

Diana Biggs CEO of Valour commented:

“We’re delighted to be partnering with Arcane to launch the world’s first fund-based crypto ETP. Arcane Assets bring unparalleled knowledge of cryptocurrencies both from a technology and an investment perspective, rightly placing them as one of the most well-respected hedge funds in this space, and this product partnership is a key milestone in our ongoing mission to provide investors of all types with access to the most innovative and highest quality digital asset ETPs.”

 

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
E-mail: ir@arcanecrypto.se

 

About Valour

Valour Structured Products Inc. issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO:DEFI, GR: RMJ.F, OTC: DEFTF). For more information on Valour, visit www.valour.com.

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

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

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

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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.


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