Vertical Ventures

Nyheter

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.

2021-09-08
Regulatory

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.

2021-08-30
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on and carried out a directed issue of 300,925,294 units (the "Directed Issue") to a group of qualified investors with a proven interest in Arcane Crypto and the crypto currency sector. Each unit consists of one (1) share and one (1) warrant of series 2021:5. The subscription price of the units in the Directed Issue amounts to SEK 0.203 per unit, corresponding to a subscription price of SEK 0.203 per share. The warrants were issued free of charge. Each (1) warrant of series 2021:5 entitles the holder to subscribe for one (1) newly issued share in the Company during the period commencing 1 September 2021 up to and including 28 February 2022. The subscription price per share exercised through a warrant of series 2021:5 is SEK 0.2436. Through the Directed Issue Arcane Crypto will receive proceeds amounting to approximately SEK 61.1 million before deduction of transaction costs. Upon full exercise of the warrants of series 2021:5, Arcane Crypto will receive proceeds amounting to approximately an additional SEK 73.3 million.

2021-08-13
Regulatory

Second quarter of 2021 (compared to second quarter 2020)

  • Group revenue increased to 100,372 kSEK (190)
  • EBITDA was -1,484 kSEK (-1,472)
  • The result for the period was -7,056 (-1,617)
  • Adjusted result for the period was -7,056 (-1,617)
  • Earnings per share before dilution were SEK -0.001 (-0.003)
  • Earnings per share after dilution were SEK -0.001 (-0.003)

First half year 2021 (compared to first half year 2020)

  • Group revenue increased to 102,529 kSEK (308)
  • EBITDA was -12,527 kSEK (-4,369)
  • The result for the period was -143,106* (-4,510)
  • Adjusted result for the period was -16,153 (-4,510)
  • Earnings per share before dilution were SEK -0.019 (-0.008)
  • Earnings per share after dilution were SEK -0.017 (-0.008)
2021-06-28
Regulatorisk

Arcane Crypto AB's wholly owned subsidiary Arcane Green Data Services AS (under formation, "Arcane Green Data"), has today entered into a lease agreement for hosting capacity for bitcoin miners of up to 2.5 MW (the "Lease Contract"). The signing of the lease contract is a first step in forming a bitcoin mining business unit within Arcane Crypto, branded Arcane Green Data, and in line with Arcane Crypto's strategy to develop and invest in projects focused on bitcoin and digital assets.

2021-06-23
Regulatorisk

Stockholm, June 23, 2021 - Arcane Crypto has today received regulatory approval from the Swedish Financial Supervisory Authority (SFSA) as owners of Ijort Invest AB, which operates the Swedish crypto exchange Trijo. On April 20, 2021, Arcane Crypto entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB. Closing of the transaction is conditioned upon today's approval from SFSA.

2021-06-07
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on a directed set-off issue of no more than 9,215,845 shares at a subscription price of approximately SEK 0.1758 per share, corresponding to issue proceeds of MSEK 1.62. The issue is, with deviation from the shareholders' preferential rights, directed to Dividend Sweden AB (publ) and Crafoord Capital Partners AB and is paid by offsetting previously raised loans.

2021-05-21
Regulatory

At today's Annual General Meeting in Arcane Crypto AB, Reg. No. 556668-3933 (the "company"), the resolutions presented below were passed. All resolutions were made in accordance with submitted proposals, which are described in detail in the meeting documents available on the company's website, investor.arcanecrypto.se.

2021-05-07
Regulatory

The Group revenue, EBITDA and the result for the period was missing in the highlight of main events during the first quarter 2021 and has been added in this updated Press Release.

1
2
...
19
>>

Prenumerera

Pressmeddelanden och rapporter direkt till din e-post.