NORTHERN DATA AG ANNUAL

Letter to Shareholders

Letter to shareholders “Northern Data is now entering dimensions that will catapult the company into the premier league of HPC solution providers to Dear Shareholders, businesses worldwide. ” Your Northern Bitcoin is now Northern Data. The name change reflects the massive development leap in which Northern Data AG has taken several steps at once in recent months. On course to accelerate its own growth through a strategic partnership, Northern Data, then Northern Bitcoin, has merged with AROOSH THILLAINATHAN Whinstone US Inc. CEO The preceding search was long and intensive, as the list of requirements for a suitable partner to build and run own data centers in order to operate customers‘ HPC hardware was also long. But our efforts are now paying off. In Whinstone, your company has found nothing less than the ideal partner. The Northern Data is now entering dimensions that are in demand from industry for areas such as merger of the two companies was decided in late 2019 and completed in 2020. Both companies com- will catapult the company into the premier the Internet of Things or artificial intelligence plement each other ideally, both in technological terms and with regard to their regional focus. league of HPC solution providers to busines- with applications such as autonomous driving, Germany‘s Northern Bitcoin AG that was mainly active in Norway, engaging in Bitcoin mining based ses worldwide. And we are developing and biotech drug research or smart homes, but also on regenerative energy, fully completed its research and development phase in 2019, presenting operating these HPC solutions, tailored to our video rendering, for example, and many other two market-ready versions of its high-tech mobile data centers - a water-cooled and an air-cooled customers‘ applications – at present, mainly applications. While HPC is a relatively young field version. Whinstone, too, has been working on the blockchain and other applications of so-called clients active in Bitcoin mining and blockchain that only took minor significance in the past „high performance computing“, or HPC for short, for some seven years. This company has amassed solutions - to the highest levels of schedule and years, the pace of development is extremely its know-how specifically in the development, construction and operation of large-scale, stationary cost efficiency. As we work by customer order d