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 publishes Interim Report for Q1 2022

Arcane Crypto publishes Interim Report for Q1 2022

Published: 2022-05-10 08:00:24 CEST

Arcane Crypto AB
Interim information

First quarter of 2022
– compared to first quarter 2021 –

  • Group revenue increased to 105,865 kSEK (2,157)
  • EBITDA amounted to -2,124 kSEK (-11,043)
  • EBIT amounted to -8,835 kSEK (-11,079)
  • The result for the period amounted to -10,178 kSEK (-136,050)
  • Adjusted result for the period amounted to -10,178 kSEK (-9,097)
  • Earnings per share before dilution amounted to SEK -0.001 (-0.017)
  • Earnings per share after dilution amounted to SEK -0.001 (-0.016)

CEO Torbjørn Bull Jenssen comments:

“In first quarter of 2022, EBITDA improved to -2,124 kSEK compared to -3,383 kSEK in the previous quarter, mainly driven by increased activity in Arcane Green Data.

The adoption of digital assets is accelerating, and with the increased interest we see every day, I am more confident than ever that we are on track to build Arcane into one of the world’s leading players in the institutional digital asset space.”

Main events during Q1 2022

  • On January 13, Arcane Crypto’s wholly-owned subsidiary Kaupang Krypto AS entered into a collaboration with NFT AS and curator Sam Farao, to facilitate acquisitions of Bjarne Melgaard’s first crypto art collection The Lightbulb Man.
  • On February 1, Anna Svahn informed Arcane Crypto AB of her decision to resign from the board due to other professional obligations.
  • On March 1, Puremarkets Limited (branded as Pure Digital) announced its partnership with Copa Fin Ltd. (trading as Cobalt) to bring next-generation credit and post-trade solutions to market.
  • On March 11, Ijort Invest AB (branded as Trijo) announced its partnership with Freja eID, a provider of digital identification services. Freja’s solution allows Trijo to onboard customers from all Nordic countries.
  • On March 22, Arcane Crypto’s wholly owned subsidiary Kaupang Krypto AS announced its collaboration with Ræder in order to provide tax and legal advice to premium clients.

Events after the end of the period

  • On April 22, Arcane Crypto’s associated company LN Markets announced a launch of Bitcoin options trading built on top of the Lightning Network.
  • During the first quarter, 194,670,151 warrants were exercised resulting in an equal number of new shares being issued in April.
  • Kaupang Krypto achieved its earn-out target, 58,452,374 new shares will be issued in Q2 to settle the earn-out.
  • In April, a 15 MSEK loan was secured from DBT Capital with a 42 month term.

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.

Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20220510_6/

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

 

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

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.

 

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 May 10, 2022, through the agency of the CEO.


Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

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 International.

Arcane Crypto publishes Interim Report for Q4 and full year 2021

Arcane Crypto publishes Interim Report for Q4 and full year 2021

The fourth quarter of 2021 (compared to the fourth quarter of 2020)

· Group revenue increased to 148,930 kSEK (1,224)

· EBITDA amounted to -3,383 kSEK (-10,358)

· EBIT amounted to -11,737 kSEK (-10,373)

· The result for the period amounted to -12,568 (-9,533)

· Earnings per share before dilution amounted to SEK -0.002 (-0.018)

· Earnings per share after dilution amounted to SEK -0.001 (-0.018)

 

Full year 2021 (compared to full year 2020)

· Group revenue increased to 332,625 kSEK (2,103)

· EBITDA amounted to -21,969 kSEK (-17,812)

· EBIT amounted to -33,468 kSEK (-17,878)

· The result for the period amounted to -163;440 kSEK (-16,876)

· Adjusted result for the period amounted to -36,487 kSEK (-16,876)

· Earnings per share before dilution amounted to SEK -0.021 SEK (-0.031)

· Earnings per share after dilution amounted to SEK -0.019 SEK (-0.031)

CEO Torbjørn Bull Jenssen comments:

Q4 has been a good quarter for Arcane with record revenue and improved result. We increased net sales by 83% compared to the previous quarter and our gross profit increased by 67% also compared to the previous quarter.

On the tech front, we launched Research in live beta on our new platform. On the mining front, we received the second delivery of our mining machines and are now running at a capacity of close to 80 PH/s.

Our portfolio company LN Markets has continued to set new records in trading activity, benefitting from increasing adoption of Lightning. Pure Digital continues to see strong interest from tier one banks, driven by the underlying client demand from institutional investors.

Main events during Q4 2021

  • On October 4, Linus Jönsson was appointed as the new Group CFO of Arcane Crypto. Linus assumed his role on January 10th, 2022, replacing Interim CFO Per-Olov Östberg.
  • On October 19, Arcane Green Data announced it had partnered with Luxor Technology Corporation and had gone live with the current hosting capacity of miners.
  • On October 26, Arcane Green Data announced a purchase agreement for 360 Antminer s19 Pro (100 TH/s). The purchase agreement represents a total of 36,000 Terra Hash (TH) of computing power and the total cost amounts to approximately SEK 28 million. The machines were delivered in Q1 2022 and Arcane Green Data’s total hosting capacity doubled to 2.5 MW.
  • On November 12, Arcane Crypto’s wholly owned subsidiary Ijort Invest AB (“Trijo”) announced that Arcane Crypto’s CEO Torbjørn Bull Jenssen would become CEO of Trijo and thereby replace Totte Löfström.
  • On December 9, an extraordinary general meeting elected two new members to the Board of Arcane. Michael Jackson was elected Chairman of the Board and Sïmon Saneback was elected Member of the Board.
  • On December 14, Arcane Crypto’s partner Valour received approval from the Swedish Financial Supervisory Authority on its Base Prospectus, which includes an Exchange-Traded Product based on Arcane Assets’ cryptocurrency fund.

Main events after the end of the period

  • On January 13, Arcane Crypto’s wholly-owned subsidiary Kaupang Krypto AS entered into a collaboration with NFT AS and curator Sam Farao, to facilitate acquisitions of Bjarne Melgaard’s first crypto art collection The Lightbulb Man.
  • On February 1, Anna Svahn informed Arcane Crypto AB that she would have to resign from the board due to other professional obligations.

Webcast presentation

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

Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20220225_3/

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

 

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
E-mail: ir@arcanecrypto.no

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/

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.

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 25th February 2022, through the agency of the CEO.

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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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