NORTHERN DATA AG INTERIM

Letter to Shareholders

LETTER TO shaREhOLdERs Letter to shareholders Dear Shareholders, Our service sets in at a very early, already with the selection of the hardware. As far as high-perfor- mance solutions in the GPU area are concerned, we select the best components for our customers i am very pleased to present this half-yearly report providing you with an overview of the develop- for the respective applications and configure the hardware that the customers purchase from us. ments of our company in the first half of 2020, as well as an outlook on the second half of the year. We then install the hardware – and this is our next key strength – in an extremely short span of time, The year 2020 is the first financial year of the new company, which is operating under the new name standardized and turnkey – in our data centers specializing in HPC. This is where proprietary software- Northern Data AG following the merger of the predecessor company Northern Bitcoin AG with the based artificial intelligence enters the picture, resulting in a high degree of automation in handling the American company Whinstone US, Inc. The takeover was formally completed in the middle of the hardware. The time between hardware delivery, configuration, documentation and commissioning is reporting period, in March 2020, so that Whinstone US is now a wholly owned subsidiary of Northern only a fraction, less than a tenth of the time that would have to be expended without this software. Data AG. The strategic goal of the merger is to combine the technology and customer side exper- Last but not least, we command an extremely efficient heat management system for ongoing opera- tise of both companies and to leverage this for the development of high-growth High Performance tions, which is not only based on the special hardware configuration in the computer center but also Computing (HPC) platforms. We have made the decision to discontinue the Bitcoin mining operations on our proprietary artificial intelligence, which also allows us to control every chip and every processor formerly operated by Northern Bitcoin. with pinpoint precision and to respond quickly and effectively in critical situations. This enables us, In parallel with the formation of the new company, the greatest attention was paid to customer acqui- unlike other pure data center providers, to implement end-to-end management of the data center, sition