1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Arcane Crypto AB
  6. News
  7. Summary
    ARCANE   SE0007614722

ARCANE CRYPTO AB

(ARCANE)
Delayed Nasdaq Stockholm  -  11:29 2022-08-12 am EDT
0.0396 SEK   -1.00%
06/27ARCANE CRYPTO : announces successful migration of bitcoin mining operations to Northern Norway.
PU
06/27Arcane Announces Successful Migration of Bitcoin Mining Operations to Northern Norway
CI
06/20ARCANE CRYPTO AB(OM : ARCANE) dropped from S&P Global BMI Index
CI
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Arcane Crypto : announces mining partnership with Bitzero

06/13/2022 | 02:13am EDT

Stockholm, 13 June 2022

Arcane Green Data Services, a wholly owned subsidiary of Arcane Crypto, has entered into a hosting agreement with Exanorth, a subsidiary of Bitzero Blockchain Inc. ("Bitzero"). Arcane will relocate its bitcoin mining equipment to their facility in Northern Norway (electricity price sone, NO 4). Arcane retains full ownership of the equipment which will be fully managed by Bitzero.

After the move, which is expected to be finalised by end of month, Arcane Green Data will generate approximately 24 BTC per quarter at current market conditions. Gross margin is expected to be above 70%, also given current market conditions.

Torbjørn Bull Jenssen, CEO of Arcane Crypto says, "I am excited about our partnership with Bitzero. Their commitment to securing the bitcoin blockchain in the cleanest way possible, with renewable energy and heat capture, aligns well with our own ambitions. Bitzero is a global leader when it comes to developing green data centres, and we are looking forward to working with them and explore further opportunities for collaboration."

Akbar Shamji, Founder & CEO of Bitzero, said, "The partnership with Arcane aligns our core focus to innovate in the blockchain space, whilst building ESG focussed datacentres. Our concurrent green Bitcoin mining operations perfectly synergise with Arcane, with whom we are excited to collaborate."

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: ir@arcanecrypto.no
web: investor.arcanecrypto.se

About Bitzero
Bitzero is a privately held Canadian company whose operations are focused on the designing, building, and operating of ESG focussed data-centres. Bitzero mines green Bitcoin for its own account and also hosts third party servers at its datacentres, within a zero-carbon displacement (ZCD) ecosystem. Bitzero is focused on blockchain innovation and global data hosting, in harmony with its host communities.

About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

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

Disclaimer

Arcane Crypto AB published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 06:12:05 UTC.


ę Publicnow 2022
All news about ARCANE CRYPTO AB
06/27ARCANE CRYPTO : announces successful migration of bitcoin mining operations to Northern No..
PU
06/27Arcane Announces Successful Migration of Bitcoin Mining Operations to Northern Norway
CI
06/20ARCANE CRYPTO AB(OM : ARCANE) dropped from S&P Global BMI Index
CI
06/13ARCANE CRYPTO : announces mining partnership with Bitzero
PU
05/10Arcane Crypto AB Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
05/10Vertical Ventures AB Reports Earnings Results for the First Quarter Ended March 31, 202..
CI
05/03ARCANE CRYPTO : Invitation to presentation of Arcane Crypto's Q1 2022 Interim Report
PU
04/28ARCANE CRYPTO : Semi-Annual Report
PU
04/28ARCANE CRYPTO : Interim Financial Report
PU
04/22ARCANE CRYPTO : associated company LN Markets announces launch of Bitcoin options trading
PU
More news
Financials
Sales 2021 332 M 32,6 M 32,6 M
Net income 2021 -163 M -16,0 M -16,0 M
Net cash 2021 22,9 M 2,24 M 2,24 M
P/E ratio 2021 -7,92x
Yield 2021 -
Capitalization 337 M 33,0 M 33,0 M
EV / Sales 2020 -
EV / Sales 2021 4,12x
Nbr of Employees 24
Free-Float 6,29%
Chart ARCANE CRYPTO AB
Duration : Period :
Arcane Crypto AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ARCANE CRYPTO AB
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Torbj°rn Bull Jenssen Chief Executive Officer
Sven Linus J÷nsson Chief Financial Officer
Michael Jackson Chairman
Eva Lawrence Chief Operating Officer
Rolf Viggo Leisner Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ARCANE CRYPTO AB-75.55%34
MICROSOFT CORPORATION-14.66%2 140 564
ATLASSIAN CORPORATION PLC-27.67%70 309
DASSAULT SYSTÈMES SE-17.75%58 375
SYNOPSYS INC.2.31%57 671
CADENCE DESIGN SYSTEMS, INC.0.00%51 036