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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)
CEO Torbjørn Bull Jenssen commented:
"Q2 has been a great quarter for Arcane Crypto on many fronts as we continue to deliver on our core strategy, to develop and invest in projects focused on bitcoin and digital assets. Our revenue saw strong growth and exceeded 100 MSEK in the quarter, with a gross margin on sales of 5.5 MSEK, for the first time in the Group's history. The revenue was mainly driven by our acquisition of Kaupang, while the gross margin on sales was also driven by a record quarter for Arcane Assets and Arcane Research.
During the quarter Bank of New York Mellon, announced its involvement with the Pure Digital project. They are joining State Street and 4 other tier one banks, that have yet to be disclosed, exploring the possibilities of a bitcoin interbank marketplace for digital assets.
From an Arcane group perspective, we see great potential in bringing our portfolio of companies even closer together. We're just getting started. We are working tirelessly to build Arcane into Europe's leading platform to learn, trade, and invest in the blockchain ecosystem."
Main events during Q2 2021
- On 2nd April 2021, BlockFi and Arcane Research announced a collaborative partnership to provide a report for BlockFi's institutional clients every two weeks.
- On 8th April 2021, Puremarkets Limited ("Pure Digital"), a company where Arcane Crypto AB holds 37.5% through Arcane Crypto AS, announced that State Street was one of the banks that had signed an LOI with Pure Digital to explore trading of digital assets, and that Currenex, owned by State Street, would provide the trading infrastructure to the Pure Digital platform.
- On 16th April 2021, Arcane Crypto AS, a subsidiary of Arcane Crypto AB, increased its shareholding in ITOAM, the owner of the Bitcoin Lightning Network based trading platform LN Markets, from 7% to 16%.
- On 20th April 2021, Arcane Crypto announced that its subsidiary Arcane Crypto AS had entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB, which operates the Swedish crypto exchange Trijo.
- On 16th June 2021, Arcane Crypto's subsidiary Arcane Assets AS signed an LOI with Valour Structured Products Inc. with the intention to explore the issuance and listing of an Exchange-Traded Product based on Arcane's cryptocurrency fund.
- On 24th June, 2021, Arcane Research published a report in collaboration with LMAX Digital titled "The Bitcoin Trading Ecosystem" which focuses on the emerging institutional infrastructure.
- On 28th June 2021, Arcane Green Data Services AS signed a leasing contract for hosting bitcoin miners and thereby took the first steps in establishing a bitcoin mining business unit branded Arcane Green Data.
Main events after the end of the period
- On 2nd July 2021, Arcane Crypto completed the acquisition of Ijort Invest AB ("Trijo").
- On 21st July 2021, Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital) announced that Bank of New York Mellon has joined the consortium of banks working with the interbank wholesale marketplace to develop a platform to support the entire digital asset life cycle.
- On 29th July 2021, Arcane announced that the Company will be included in CoinShares Elwood Global Blockchain Index as of August 2, 2021.
- On 30th July 2021, Arcane announced a collaboration between its fully owned subsidiary Ijort Invest AB ("Trijo") and the payment service provider Trustly.
- On 9th August 2021, Arcane announced that the Company will be included in the Melanion BTC Equities Universe UCITS ETF.
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.
No pre-registration is needed. The presentation will be held in English. Questions can be submitted in English during the webcast.
* Accounting-wise the Group is seen as acquiring Vertical Ventures at market price at the time of closing (0.235 SEK per share). As there were no operations in Vertical Ventures before closing of the Reverse Takeover, the purchase price cannot be allocated to goodwill, hence the entire acquisition price is accounted for as Other financial costs, in the Group income statement. This is purely a technical accounting matter, has no cash flow effect and does not impact the operational strength of the operations of the Group. Hence, Arcane also presents an adjusted result for the period (excluding this cost item of 126,917 kSEK), which, according to the Company's opinion, better reflects the financial performance of the Group in the period.
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
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 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 a.m. (CET) on 13th August 2021, through the agency of the CEO.
The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: email@example.com, web: www.mangold.se.
Stockholm, October 26, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the subsidiary Arcane Green Data Services ("Arcane Green Data"), entered into a purchase agreement to acquire 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 will be delivered in Q1 2022 and Arcane Green Data's total hosting capacity will then double to 2.5 MW.
Arcane Crypto bjuder härmed investerare, analytiker och media till en webcastpresentation av VD Torbjørn Bull Jenssen i samband med att bolagets delårsrapport för tredje kvartalet 2021 publiceras. Webbsändningen kommer att hållas fredagen 29 oktober 2021 klockan 10:00.
Arcane Crypto hereby invites investors, analysts and media to a webcast presentation by CEO Torbjørn Bull Jenssen in connection with the release of the company's interim report for the third quarter 2021. The webcast will be held on Friday October 29, 2021 at 10:00 a.m. CET.
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.
Stockholm 7 oktober 2021 - Arcane Cryptos helägda dotterbolag Kaupang Krypto AS har lanserat en depå-tjänst för sina premiumkunder. Kaupang erbjuder nu en komplett mäklarlösning som gör det enkelt och tryggt för premiumkunder att köpa och sälja kryptovalutor samt inneha en depå.
Stockholm October 6, 2021 - Arcane Crypto's wholly owned subsidiary Kaupang Krypto AS has today launched a custody service for its premium clients. Kaupang now offers a full-service brokerage solution making it easy and safe for premium clients to buy, sell and hold cryptocurrencies.
Stockholm, October 5th, 2021 - Arcane Research, a wholly-owned division of Arcane Crypto, launched a new report today providing a complete overview of the Bitcoin Lightning Network and its ecosystem, with data not previously shared with the public.
Linus Jönsson has been appointed as the new Group CFO of Arcane Crypto AB ("Arcane Crypto"). Linus' most recent position was as Group CFO and Managing Director of TalkRemit Group.
Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) har idag som första svenska aktör lanserat en färdigutvecklad tjänst för automatiskt sparande i bitcoin, ethereum och litecoin. Tjänsten Trijo Autopilot är nästa steg i Trijos ambition att tillgängliggöra sparande i kryptovalutor på den svenska marknaden.
Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Ijort Invest AB (Trijo) has today launched a service for automatic saving in bitcoin, ethereum and litecoin - becoming the first Swedish player to do so. The service Trijo Autopilot is the next step in delivering on Trijo's ambition to make savings in cryptocurrencies more available on the Swedish market.
Stockholm, 14 september 2021 - Arcane Cryptos Londonbaserade intressebolag, Puremarkets Limited (Pure Digital), i vilket Arcane äger 37,5%, tillkännager i dag ett lyckat genomförande av ett handelstest på sin wholesale-handelsplattform för digitala valutor.
Stockholm September 14, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announces the successful execution of a live test trade on its wholesale digital currency trading platform.
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