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    2CRSI   FR0013341781

2CRSI

(2CRSI)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

2CRSi : supplies computing power to fintech specialist Coin Citadel for close to $6m

12/23/2020 | 02:20pm EDT
 
 2CRSi SA 
2CRSi supplies computing power to fintech specialist Coin Citadel for close 
to $6m 
 
23-Dec-2020 / 20:19 CET/CEST 
Dissemination of a French Regulatory News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
              Press release 
 
       2CRSi supplies computing power 
       to fintech specialist Coin Citadel for close to $6m 
 
 San Jose (United States), December 23, 2020 - 2CRSi (ISIN: FR0013341781), a 
        manufacturer of high-performance, energy-efficient computer servers, 
    announces it has been selected by the US digital currency and blockchain 
           company Coin Citadel to provide additional green computing power. 
 
     In relation to the Group's focus on key verticals, among which finance, 
       2CRSi will supply the US fintech company Coin Citadel (OTC:CCTL) with 
  additional computing power. In order to meet Coin Citadel's need for green 
   and cost-effective servers, 2CRSi has selected Octopus 1.4 servers with 2 
     CPU and 4 GPU. This first order represents a total amount of close to 6 
              million US dollars. 
 
      Coin Citadel is a US-based technology company specialized in providing 
 computing capacity for digital currency mining, and which has more recently 
 evolved to also support peer-to-peer payment and blockchain. The additional 
GPU/CPU computing power provided by 2CRSi will double the company's existing 
              capacity and complement its ASIC miners. 
 
 Thomas Pillsworth, Coin Citadel CEO, comments: "Global demand for computing 
      is rapidly changing. With the digitalization of finance, more and more 
   dedicated hardware will be required to support this fast growth. We could 
      not be happier to partner with a specialist like 2CRSi to grow our own 
              capacity." 
 
"In order to support the digitization of financial instruments, Coin Citadel 
is making a significant investment in additional computing capacity which is 
 also environment-friendly. This first order is a recognition of the perfect 
          match between 2CRSi solutions and the finance industry's needs and 
      expectations.", adds Alain Wilmouth, Chairman and co-founder of 2CRSi. 
 
 As per the terms of agreement, the new servers will be delivered by the end 
              of January 2021. 
 
   This new agreement in the United States is yet another commercial success 
 for 2CRSi, further reinforcing the Group's confidence in its positive sales 
              momentum. 
 
       - END - 
 
              About 2CRSi 
 
    Founded in Strasbourg (France), 2CRSi group develops, produces and sells 
        high-performance customised and environment-friendly servers. In the 
          financial year 2019/2020, the Group achieved pro forma turnover of 
&euro141.1m. The Group today has approximately 350 employees and markets its 
offer of innovative solutions (processing, storage and network) in more than 
 50 countries. 2CRSi has been listed since June 2018 on the regulated market 
       of Euronext in Paris (ISIN Code: FR0013341781) and is included in the 
           European Rising Tech label. For further information please visit: 
              www.2crsi.com [1] 
 
              Contacts 
 
2CRSi               Actifin                 Actifin 
 
Marie de Lauzon     Simon Derbanne          Jennifer Jullia 
 
COO                 Financial Communication Financial PR 
 
investors@2crsi.com sderbanne@actifin.fr    jjullia@actifin.fr 
 
+33 3 68 41 10 70        + 33 1 56 88 11 14 + 33 1 56 88 11 19 
 
Regulatory filing PDF file 
 
File: PDF EN [2] 
 
Language:       English 
Company:        2CRSi SA 
                32, rue Jacobi-Netter 
                67200 Strasbourg 
                France 
Phone:          +33 3 68 41 10 70 
E-mail:         investors@2crsi.com 
Internet:       www.2crsi.com 
ISIN:           FR0013341781 
Euronext        2CRSI 
Ticker: 
AMF Category:   Inside information / Issuer activities (acquisitions, 
                sales...) 
EQS News ID:    1157319 
 
End of Announcement EQS News Service 
 
1157319 23-Dec-2020 CET/CEST 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=bcd04e974652f8e8d4d3582e2ce7357d&application_id=1157319&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=aa146d27d9b4b0bd7669e3fb23c20ce1&application_id=1157319&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 23, 2020 14:19 ET (19:19 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
2CRSI 0.00% 4.37 Real-time Quote.-15.64%
All news about 2CRSI
10/202CRSI : Consolidated revenue for the first half of 2021/2022
PU
10/202CRSI SA : Consolidated revenue for the first half of 2021/2022: ?89.8 million (+14.4%)
EQ
10/202CRSI SA : Chiffre d'affaires consolidé du 1er semestre 2021/2022 : 89,8 MEUR (+14,4%)
DJ
10/202CRSI SA : Consolidated revenue for the first half of 2021/2022: EUR89.8 million (+14.4%)
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10/072CRSi SA receives significant follow-up order from oil & gas customer.
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09/232CRSI : Minutes of the Combined General Meeting of 31 August 2021
PU
09/232CRSI SA : Minutes of the Combined General Meeting of 31 August 2021.
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More news
Financials
Sales 2022 180 M 210 M 210 M
Net income 2022 1,00 M 1,16 M 1,16 M
Net Debt 2022 31,0 M 36,0 M 36,0 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 62,1 M 72,2 M 72,3 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,45x
Nbr of Employees 373
Free-Float 31,8%
Chart 2CRSI
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Technical analysis trends 2CRSI
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 4,37 €
Average target price 5,60 €
Spread / Average Target 28,1%
EPS Revisions
Managers and Directors
Alain Wilmouth Chairman, President & Chief Executive Officer
Valérie Bouleau Chief Financial & Administrative Officer
Hubert Mathis Operations Director
Monique Jung Independent Director
Dominique Henneresse Independent Director
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