Northern Data Group's Peak Mining announces new partnership for 28MW of
mining, powered by 100% renewable energy

EQS-News: Northern Data AG / Key word(s): Alliance
Northern Data Group's Peak Mining announces new partnership for 28MW of
mining, powered by 100% renewable energy

10.05.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Northern Data Group's Peak Mining announces new partnership for 28MW of
mining, powered by 100% renewable energy

* 28MW of miners delivering 1.3 EH/s, strategically located in Paraguay

  * 2,860 units of MicroBT's M63-series liquid-cooled WhatsMiners to be
    installed

* Power rate of sub USD 0.04/kWh, generated by 100% renewable hydropower


Frankfurt/Main - 10 May 2024 - Northern Data Group's Peak Mining today
announces a new partnership with Penguin Infrastructure Holding ("Penguin")
for 28MW of mining capacity. This project represents a significant next step
in Northern Data Group's geographical expansion and enables Peak Mining to
increase its hashrate, powered by 100% renewable energy.

The hardware will be energized in H2 2024 and marks Peak Mining's first step
into South America. 2,860 units of MicroBT's M63-series liquid-cooled
WhatsMiners will be installed at the site. The hardware will generate 1.3
EH/s, contributing to Peak Mining's planned growth to 7.9 EH/s this year.

The site in Paraguay is 100% powered by renewable hydropower harnessed from
the 14 GW Itaipu Dam, it is the world's third-largest hydroelectric dam. The
site will therefore benefit from the availability of clean energy.

This expansion into South America follows Peak Mining's recent purchase of a
300MW mining data center site in Corpus Christi, Texas, which will power
around 4.2 EH/s of MicroBT's miners as well as the construction of a 30MW
facility in Grand Forks, North Dakota, which will support approximately 1.1
EH/s of the miners.

This selection of sites underscores Northern Data Group's commitment to meet
the demands of the industry as efficiently as possible. Throughout 2024,
Northern Data Group will be rapidly expanding its HPC footprint.

Aroosh Thillainathan, Northern Data Group's Chief Executive Officer,
commented:

"This partnership is significant to Northern Data Group as we continue to
execute on our investment strategy and solidify our position within the
global High-Performance Computing market, and I'm especially pleased to be
working with Penguin, given the team's impressive sustainability standards
at this site. It is Peak Mining's first expansion into South America and is
another milestone for the company as it continues to scale its international
Bitcoin mining capabilities."

Niek Beudeker, Managing Director, Peak Mining, commented:

"I'm pleased to partner with Penguin to expand our mining capacity to
Paraguay. The Penguin team has done a tremendous job in constructing the
site and building a strong local team. This agreement, structured as a
partnership, will allow for better alignment of both parties than with a
standard hosting arrangement. The partnership demonstrates our commitment to
leveraging 100% clean energy to meet growing industry demand, efficiently."

Björn Schmidtke, CEO at Penguin Group, commented:

"This strategic alliance with Northern Data Group strengthens our position
as a leader in hosting next-generation High-Performance Computing and also
allows us to strengthen our capabilities and expand our offerings in
cutting-edge areas such as AI compute. We are committed to advancing in this
constantly accelerating world, which demands more high-quality services to
keep evolving."

About Peak Mining

Peak Mining, part of the Northern Data Group, is powering the future of the
Bitcoin network. We deliver industry-leading operating and energy efficiency
in Bitcoin mining through the latest hardware alongside innovative
technology and HPC infrastructure. With our heritage dating back to 2013,
we've been innovating for over a decade and have been at the forefront of
the industry ever since. Our high-quality infrastructure is purpose-built to
secure the Bitcoin network, and we're driven to continuously find new
efficiencies driving value for our investors. We're delivering long-term
value in more responsible ways.

About Penguin

Penguin Group is at the forefront of HPC and cloud services powered by fully
renewable hydro power in South America. Its core value is the mission to
Transform Energy into Human Potential. This mission is achieved through
Penguin Academy, a revolutionary education concept where students 'learn by
doing' and has already trained thousands of young people to become the next
generation of tech talent. Penguin aims to transform Paraguay into the
Technological Hub of South America and expand their concept and mission
globally.

About Northern Data Group

Northern Data Group (ETR: NB2) is a leading provider of High-Performance
Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible
compute power fuels innovation in our three core business platforms: Taiga
Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we
pioneer ambitious computing innovation that drives progress in the AI, ML,
and Generative AI industries. Our close collaboration with industry-leading
manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the
acceleration of innovation across sectors including life sciences, financial
services, and energy.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telefon: +49 171 557 6989

Media enquiries:

Hawthorn Advisors
Email: northerndata@hawthornadvisors.com


---------------------------------------------------------------------------

10.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Northern Data AG
                   An der Welle 3
                   60322 Frankfurt/Main
                   Germany
   Phone:          +49 69 34 87 52 25
   E-mail:         info@northerndata.de
   Internet:       www.northerndata.de
   ISIN:           DE000A0SMU87
   WKN:            A0SMU8
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich (m:access),
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1899887

End of News EQS News Service
---------------------------------------------------------------------------

1899887 10.05.2024 CET/CEST