Northern Data Group's Peak Mining announces purchase of a second 300MW data
center location in Corpus Christi, Texas

EQS-News: Northern Data AG / Key word(s): Cryptocurrency / Blockchain
Northern Data Group's Peak Mining announces purchase of a second 300MW data
center location in Corpus Christi, Texas

24.05.2024 / 13:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

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

PRESS RELEASE / IR NEWS

Northern Data Group's Peak Mining announces purchase of a second 300MW data
center location in Corpus Christi, Texas

  * The location expands on an adjacent 300MW site, purchased in December
    2023

* The site comes with an ERCOT-approved interconnect of 300MW

  * Construction already underway, with long-lead time items secured and
    energization scheduled for early 2025

Frankfurt/Main - 24 May 2024 - Peak Mining, part of the Northern Data Group,
announces the purchase of a second 300MW ERCOT-approved site in Corpus
Christi, Texas. The location is adjacent to the 300MW mining facility that
is already under construction. The site also provides energy in the
attractive low-cost power zone of Load Zone South of the ERCOT grid, known
for its abundance of renewable (wind) energy.

The investment represents a significant step forward in Northern Data
Group's investment strategy, cementing expansion plans well beyond the
current 2024 financial year.

The new site enables Peak Mining to accelerate its expansion plans to become
one of the largest bitcoin miners globally. The company will be deploying
indoor, custom-designed, fully-integrated and liquid-cooled HPC data center
systems to drastically improve deployment time and infrastructure cost,
bringing Peak Mining to a leading position in the industry and preparing it
for the future of HPC compute.

Saxet Infrastructure Group ("Saxet") will act as construction manager for
the design, build and energization of the substation. The Saxet team brings
a strong track record of project management and deep expertise with the
construction of HPC infrastructure.

Niek Beudeker, Managing Director, Peak Mining, commented:

"The purchase of this second large site will significantly shorten our time
to hashing and kick off one of the fastest mining expansions globally. We
now have almost 700MW of sites in active development, that when fully fitted
with our latest-generation hardware, could potentially provide up to 40EH of
hash rate."

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

"This second data center location demonstrates how Northern Data Group is
able to harness the power and opportunity of HPC. Sustainability has been at
the core of this further expansion into the US and thanks to the center's
ERCOT approved status, we will be able to scale our operations at speed, as
the demand for digital assets continues to grow."

Steven Quisenberry, Chief Executive Officer at Saxet Infrastructure Group,
commented:

"We are excited to support Northern Data Group's expansion in the ERCOT
market and specifically to welcome them to the Corpus Christi area. The
combination of base load industrial demand and significant renewable
resources creates a unique opportunity for their portfolio. This is a
terrific example of one of the largest, most advanced liquid cooled data
centers in North America and we are proud to partner with Northern Data
Group to bring their data center online."

Northern Data Group was advised on the transaction by Katten Muchin Rosenman
LLP (Legal Counsel) and BitOoda Technologies LLC.

About Peak Mining

Peak Mining, part of the Northern Data Group, is powering the future of the
blockchain network. We deliver industry-leading operating and energy
efficiency in bitcoin mining through the latest hardware alongside
innovative technology and infrastructure. With our mining 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 power the mining 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 Northern Data Group

Northern Data Group (ETR: NB2) is a leading provider of High Performance
Computing (HPC) solutions to businesses and research institutions, utilizing
GPU- and ASIC-based solutions. Our flexible compute power fuels innovation
in our three core business divisions: 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


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

24.05.2024 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:    1910879

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

1910879 24.05.2024 CET/CEST