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 2nd 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. 

 

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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 AB announces an operational reorganization, unifying its growing private wealth businesses under a new business unit called K33.

Arcane Crypto AB announces an operational reorganization, unifying its growing private wealth businesses under a new business unit called K33.

22 November 2022

In parallel Arcane has initiated a strategic review of its investment and venture business to exploit current market opportunities.

Over the last year, Arcane Crypto AB (“Arcane”) has experienced substantial interest in its private wealth business, currently offered by the various subsidiaries, today known as Arcane Research, Kaupang Krypto and Arcane Assets.

To capitalize on this interest and opportunity, these units will be combined into one single business unit called K33. This provides the operational optimizations and the single-minded focus needed to capture the opportunities in K33.

For Arcane as a group, unifying the private wealth initiative under K33, creates optionality to act on strategic interest. This may include, but is not limited to, taking on strategic investors or separated listings of different parts of the portfolio.

In practice, Arcane’s wholly owned subsidiary Arcane Crypto AS will be renamed K33 Holding AS, trading as K33. The relevant sub-entities will be combined and renamed accordingly.

Arcane is also in the process of optimizing the operation of its investment portfolio. Initially, the portfolio will consist of K33, Arcane Green Data, Pure Markets and LN Markets. Arcane will explore both new investments and M&A, seeking to take advantage of a strong deal flow and interesting opportunities in the market as well as potential partnerships.

K33 – Safe. Secure. Digital Assets.

K33, available on k33.com, will be a research-led digital assets brokerage with investment services.  Helping clients across EMEA make informed decisions backed by industry leading digital assets research as they invest for the long term is already proving a unique and winning proposition to Arcane’s customers.   K33 provides this through a unified platform where investors and wealth managers get access to Research, digital assets brokerages offering funds & structured products.

The unified platform will be launched during Q4 2022. The platform can be accessed both directly by customers and through distribution partners and asset management firms that sign up to offer the K33 platform as part of their investment offering.

I am very happy about this operational restructuring of Arcane. By doing this, K33 will get the focus and attention it needs to become, quite simply, the preferred private wealth platform for digital assets in Europe” says Torbjørn Bull Jenssen, CEO of Arcane and of K33.

According to the CTO & Head of Product, Oisin Zimmermann; “K33 represents our vision of the future of the digital assets investment industry, with client funds and investments guided and protected by experts. This will all be offered through an intuitive digital interface, augmented by real-time one-on-one advice and support. We’re targeting young, affluent and high net worth individuals across EMEA, directly and through their existing wealth managers, who value our level of expertise, and our ability to serve the most demanding clients and managers.

We are happy to finally be able to announce this strategic reorganization for Arcane. Despite turmoil in digital asset markets recently, we continue to see massive interest in the sector from many market participants.   Both the investment side, and the private wealth offering, K33, has an amazing potential. Under the new structure both parts of the business will get even better foundations to prosper and take strong positions in their respective markets” says Chairman Michael Jackson.

 

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 Q4 2022 and into 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.

Arcane Green Data

Arcane Green Data is a bitcoin mining company. The company is generating close to 70 PH, operating out of facilities in the Norwegian power region NO4. NO4 is currently one of the world’s most attractive locations for bitcoin mining due to its low power prices and cold climate.

About LN Markets

LN Markets provides a leading trading platform for leveraged bitcoin and option trading, built on the Bitcoin lightning network and offering instant deposits of collateral from all over the world. For further information please see: https://lnmarkets.com/en

About Pure Digital

Pure Digital is working to establish an interbank market for digital assets with the world tier 1 banks as participants. The management team bring many years of experience at top tier banks and have successfully delivered a similar product for FX previously

Pure Digital has 7 LOIs already in place with global tier 1 banks and is in the process of attracting capital from these banks and other potential investors.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

E-mail:

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

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

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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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