PRESS RELEASE
NORTHERN BITCOIN AG: DIRK STRÖER BUYS LARGE SHARE PACKAGE
- Dirk Ströer acquires 750,000 shares
- 10 percent shareholding
- Entry via Krypto ventures
Frankfurt am Main / Cologne - 24 October 2018 - Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) was informed today that entrepreneur and investor Dirk Ströer and his investment company Krypto Ventures GmbH (Cologne) have acquired a 10.08 percent stake in Northern Bitcoin AG. Dirk Ströer's investment marks the first participation of an external investor in the shares of the world's leading sustainable Bitcoin Miner, which have only been traded on XETRA since this month. The investment was made via Cologne-based Krypto Ventures GmbH, a wholly-owned subsidiary of Media Ventures GmbH of Dirk Ströer.
Mathis Schultz, CEO of Northern Bitcoin AG, explains: "We are delighted to welcome Dirk Ströer and his Krypto Ventures, a strong partner, as new shareholders. Dirk Ströer is not only regarded as a leading German investor in digital business models but also enjoys an excellent reputation worldwide for his early and profitable participation in technological upheavals. As the fastest growing European company in the Bitcoin sector, we are delighted about this strengthening of our shareholder base".
Dirk Ströer comments: "The Northern Bitcoin team has developed an impressive technological solution for sustainable Bitcoin production in a comparatively short time and has successfully implemented it at its first location in Norway. I look forward to supporting the company as it continues to grow".
Northern Bitcoin AG is experiencing rapid growth as a result of the strong global distribution of Bitcoin and its blockchain. Northern Bitcoin is the global leader in Bitcoin's sustainable mining business. Based in Frankfurt, the company operates a mining site in Norway and benefits from the rapid adaptation of Bitcoin as a "digital gold" and innovative means of payment. Initial analysts are already predicting that the total Bitcoin transaction volume for 2018, at USD 1.3 trillion, will be several hundred billion dollars higher than Paypal's transaction volume.
About Northern Bitcoin:
Northern Bitcoin AG is a technology company focused on the Bitcoin blockchain. It is challenging the status quo of Bitcoin mining and redefining it. As a pioneer, it provides Bitcoin and blockchain technology with a sustainable infrastructure. To this end, it operates its own state-of-the-art mining hardware based on renewable energy sources under extremely cost-efficient and secure conditions as well as a self-developed mining pool. The company is headquartered in Frankfurt am Main. Further information under www.northernbitcoin.com
Disclaimer:
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Bitcoin AG and does not constitute a prospectus of Northern Bitcoin AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into Canada, Australia or Japan.
Press contact:
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Germany
E-Mail: h.duerr@northernbitcoin.com
Telefon: +49 69 348 752 89
Investor Relations:
Sven Pauly
E-Mail: ir@northernbitcoin.com
Telefon: +49 89 89 82 72 27
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