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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.
The lease contract for hosting of bitcoin miners has a start-up divided between August and Q1 2022 and is done at market terms for such hosting. It has a duration of three and a half years with an option to extend the contract for further two years.
The signing of the lease contract is a preparational step for the formation of a bitcoin mining business unit within Arcane under the brand Arcane Green Data. Arcane is currently negotiating acquisition of mining equipment, as well as finalizing the strategy of Arcane Green Data. The initial investment is expected to be completed without any need for Arcane to raise equity. Arcane will revert with further information regarding the strategy of Arcane Green Data once it has been resolved by the board.
"As China is turning away from bitcoin mining, the mining industry as a whole is becoming increasingly green and a driver for renewable energy around the world. Now is excellent timing for Arcane to enter into this segment," says Torbjørn Bull Jenssen, CEO or Arcane. And he continues "Mining is a very interesting business stand alone, and it also has considerable synergies towards our other investments and business. I am looking forward to finalize the strategy for Arcane Green Data and present it in more detail for our partners and investors."
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/
This information is such information Arcane Crypto AB is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated by Arcane Crypto's news distributor Bequoted at the publication of this press release. The responsible person above may be contacted for further information.
The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: firstname.lastname@example.org, web: www.mangold.se.
Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Kaupang Krypto AS har lanserat en färdigutvecklad tjänst för automatiskt sparande i alla tillgängliga kryptovalutor på plattformen. Tjänsten är högt efterfrågad bland Kaupangs kunder och hjälper till att minimera tidsrisk och administration genom automatiska köpordrar.
Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Kaupang Krypto AS has today launched a service for automatic saving in all cryptocurrencies available on the platform. The automatic savings function is a highly demanded solution among Kaupang's customers and will help clients mitigate timing risk and eliminate the need to repetitively place orders.
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.
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.
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)
Stockholm den 9 augusti 2021 - Arcane Crypto meddelar idag att bolaget kommer att ingå i Melanion BTC Equities Universe UCITS ETF. Den 4 augusti offentliggjorde Melanion Capital avsikten att notera ETF:en på Euronext i Paris och att den har erhållit godkännande från den franska finansmarknadsmyndigheten (AMF).
Stockholm, August 9, 2021 - Arcane Crypto today informs that the company will be included in the Melanion BTC Equities Universe UCITS ETF. On August 4, Melanion Capital announced the intention to list the ETF on Euronext in Paris and that it has received necessary approval from the French Financial Markets Authority (AMF).
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 second quarter 2021. The webcast will be held on Friday 13 August 2021 at 10:00 a.m. CET.
Stockholm den 30 juli 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) inleder ett samarbete med betaltjänstsföretaget Trustly. Betalningslösningen kommer att lanseras på Trijos plattform inom de närmaste dagarna. Därmed blir Trijo den första kryptobörsen att erbjuda Trustly som betalningsalternativ i Europa.
Stockholm, July 30, 2021 - Arcane Crypto announces a collaboration between its fully owned subsidiary Ijort Invest AB (Trijo) and the payment service provider Trustly. The option to deposit money through Trustly will be implemented on Trijo's platform in the next few days. This makes Trijo the first cryptocurrency exchange to offer its clients Trustly as a payment option in Europe.
Stockholm, den 29 juli 2021 - Arcane Crypto kommer från och med den 2 augusti 2021 att inkluderas i CoinShares Elwood Global Blockchain Index. Beslutet följer efter att CoinShares gör bedömningen att Arcane Crypto uppfyller indexets kriteria.
Stockholm, July 29, 2021 - Arcane Crypto today announces that the company will be included in CoinShares Elwood Global Blockchain Index as of August 2, 2021. The decision follows an assessment by CoinShare of Arcane Crypto's activities against the Elwood Blockchain Global Equity Index's criteria.
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