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CRYPTOLOGY ASSET GROUP PLC Cryptology's estimated NAV per share as of 16/03/2022 is €8.42 as Northern Data enters into Strategic Partnership with Oklahoma

Directive transparence : information réglementée

17/03/2022 14:48

DGAP-News: Cryptology Asset Group PLC / Key word(s): Statement/Cryptocurrency / Blockchain
Cryptology's estimated NAV per share as of 16/03/2022 is €8.42 as Northern Data enters into Strategic Partnership with Oklahoma

17.03.2022 / 14:48
The issuer is solely responsible for the content of this announcement.


Corporate News

Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 17.03.2022

Cryptology's estimated NAV per share as of 16/03/2022 is €8.42 as Northern Data enters into Strategic Partnership with Oklahoma

Malta, 17.03.2022. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European holding company for crypto assets and blockchain-related business models, announced its most recent weekly estimated Net Asset Value ("NAV") per share of €8.42.

Cryptology portfolio company, Northern Data, announced last week that it had struck a deal with the state of Oklahoma to open a new data center in the state. The data center comes on top of the existing 10 facilities Northern Data currently operates and will help the firm scale its cryptocurrency mining operations as well as help it evolve into a fully-fledged cloud service provider.

Christopher Yoshida, President and CFO of Northern Data, said "The expansion into Oklahoma will double the company's total workforce and power capacity, and will be transformative for Northern Data."

Cryptology's updated estimated NAV figures come on the heels of Hauck & Aufhäuser issuing an updated report on Cryptology's shares with a "BUY" rating and a price target of €13.00. Shares opened this morning around €6.00, meaning Hauck & Aufhäuser is projecting well over a 50% price increase from current levels.

Cryptology shares currently trade on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is currently exploring an international listing.

 

About Cryptology Asset Group p.l.c.

Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR) is a leading European holding company for crypto assets and blockchain-based business models. Founded by Christian Angermayer's family office, Apeiron Investment Group, and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOSIO software publisher B1, leading HPC provider Northern Data, commission-free online neobroker nextmarkets, and crypto asset management group Iconic Holding.

Media Contact:

Cryptology Asset Group p.l.c.

Jefim Gewiet (COO)

66/67, Beatrice, Amery Street,

Sliema SLM 1707 Malta

E-mail: info@cryptology-ag.com



17.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Cryptology Asset Group PLC
Beatrice 66 & 67, Amery Street
SLM 1707 Sliema
Malta
E-mail: info@cryptology-ag.com
Internet: cryptology-ag.com
ISIN: MT0001770107
WKN: A2JDEW
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1305725

 
End of News DGAP News Service

1305725  17.03.2022 

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