Northern Data Reports on Operations for May 2022

Jun 03, 2022

46,000 ASIC systems deployed equating to 4.23 exahash per second (EH/s) by the end of May 2022
By the end of the year, as planned, a total of more than 100,000 ASIC systems are expected to be in operation, representing approximately 9.3 EH/s
Year-to-date 2022, Northern Data has generated:
24,012 Ethereum
1,353 Bitcoin
Northern Data holds cryptocurrencies with a current value of EUR 112 million (a decrease of around 27% month-over-month due to both price drops and cryptocurrency sales) by the end of May
Bitcoin generation in May 2022: 295 (a decrease of around 9% month-over-month due to a temporary restriction at one site of a Northern Data ASIC hosting customer. Without this constraint, Bitcoin production would have been almost unchanged from the previous month)
Ethereum generation in May 2022: 4,560 (at previous month's level)
Current managed hash rate and Northern Data's market share would enable the production of an estimated up to 10 bitcoin per day as of June, assuming a constant global hash rate
Management sees possibility of a decline in global hashrate due to lower BTC and ETH prices, and thus an increase in Northern Data's market share over the coming months
All monthly figures are unaudited and might include rounding and billing differences for cryptocurrency production (in particular in relation to hosting customers)

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