Arcane Green Data enters agreement with Luxor Technology Corporation and goes live with current hosting capacity

Arcane Green Data enters agreement with Luxor Technology Corporation and goes live with current hosting capacity

Stockholm October 19, 2021 – Arcane Crypto’s wholly owned subsidiary Arcane Green Data Services AS (“Arcane Green Data”) has entered into an agreement with US-based Luxor Technology Corporation (“Luxor”) regarding the sale of computing power for mining operations. Arcane Green Data’s current hosting capacity of 1.25 MW is now fully utilized.

On 28th June 2021, Arcane Green Data signed a leasing contract for hosting miners and thereby took the first step in establishing a bitcoin mining operation. The lease agreement for Arcane Green Data’s hosting capacity for bitcoin miners totaled 2.5 MW. Arcane Green Data will invest in additional mining equipment and expects that the full capacity of the 2.5 MW will be utilized by bitcoin miners in Q1 2022.

At current market conditions (bitcoin price of 61,000 USD and total market hash rate of 145 EH/s), Arcane Green Data will generate around 4 MSEK in monthly revenue at the current capacity of 1.25 MW.

“It is a pleasure to be working with Luxor given their expertise in building infrastructure for digital assets. Arcane Green Data is already a highly profitable venture, and we expect to double our hosting capacity in Q1 2022. We remain committed to securing the bitcoin blockchain in the cleanest way possible, with renewable energy,” says Torbjørn Bull Jenssen, CEO of Arcane Crypto.

Alex Brammer, VP of Business Development at Luxor commented “We are excited to grow our European footprint with Arcane Crypto. Arcane’s expansion into the mining space is a great complement to the value they are adding across different verticals within the crypto industry, and we are honored to be a strategic partner on their mining initiative.”

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

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 of digital finance. As a group we deliver services for payments, investments, 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.

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 orders its first batch of bitcoin miners

Arcane Crypto orders its first batch of bitcoin miners

Stockholm, September 8, 2021 – Arcane Crypto AB (“Arcane Crypto” or the “Company”) has today, through the Company’s subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

We expect our mining operation to bring substantial revenue to the Arcane Crypto group. At current market conditions, the miners we have ordered would generate around SEK 3.5 million in monthly revenue and be highly profitable. From Q1 next year, we have the hosting capacity to double this mining activity. In addition, we are exploring further scale up through new hosting arrangements. Mining is the mechanism securing the bitcoin blockchain and we are committed to securing the bitcoin blockchain in the cleanest way possible, with renewable energy.” – says Torbjørn Bull Jenssen, CEO Arcane Crypto.

He goes on and adds: “In addition, we see strong synergies with the rest of our portfolio in Arcane Crypto. Going forward we will explore product development around our mining operation, such as cloud mining and the use of derivatives trading to enhance risk management and drive profitability.”

The business of Arcane Green Data Services will be to produce and supply the raw data processing power, while other parts of the group focus on using the data processing power in the most optimal way, including, but not limited to, selecting the optimal mining arrangement and potentially using derivatives and other financial instruments to balance and optimise risk. At current market conditions, with a total global hash rate of approximately 130m TH/s (7 day average) and a bitcoin price of around USD 46,000, the 38,720 TH/s computing power represent a monthly income potential of around SEK 3.5 million for the Arcane Green Data group as a whole. In addition to the investment itself, Arcane will incur electricity, hosting and administrative costs related to the operation.

This information is information that Arcane Crypto AB is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the below contact person, for publication on 8 September 2021 at 08:00 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

E-mail: ir@arcanecrypto.no

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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