- As of 28 February 2022, Northern Data held c. 784 Bitcoin, and c. 30,211 Ethereum which, at recorded exchange rates (BTC/EUR 38,429; ETH/EUR 2,594) carries an equivalent value of approximately EUR 110 million
- Year-to-date 2022 Northern Data generated:
- 9,837 Ethereum
- 450 Bitcoin
- Northern Data has a positive long-term view on Ethereum and Bitcoin. It generally holds on to ETH and BTC produced and only sells necessary amounts of its ETH and BTC holdings to fund operations, data center buildouts and further hardware purchases
- Northern Data has increased its Bitcoin hash rate by approx. 10% in February (2.0 EH/s) compared to the previous month (1.8 EH/s)
- As of February 2022, Northern Data's mining fleet, which is comprised of the latest generation of ASIC systems, has grown to a total of 22,500 an increase of 2,000 miners
- Northern Data is on track to have more than 100,000 ASIC systems deployed by the end of 2022. Most of these ASIC systems have been already paid
- Since last year GPU server fleet is fully deployed with more than 223k GPUs being in operation
- Bitcoin produced in February 2022: 212 BTC
- Ethereum produced in February 2022: 4,582 ETH
- In summary Bitcoin and Ethereum production in February is comparable to January when adjusting for less production days (28 vs. 31) and maintenance work
- As of 28 February 2022, Northern Data has recorded total liquidity of c. EUR 247 million, defined as cash and cash equivalents as well as digital assets
- All monthly figures are unaudited
Northern Data Operations and Financial Update for February 2022
Mar 04, 2022
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