Northern Bitcoin is specialised in the mining of Bitcoin.
It operates a data centre in Norway with the necessary mining hardware.
Since Bitcoin mining requires a lot of computing power and therefore has a high energy requirement, a computer centre is operated in Norway to obtain electricity from low-cost, renewable energy sources (in this case hydropower).
The computers required for mining are containers developed and manufactured in Germany, each containing 210 miners with 39,690 ASIC chips. These containers are placed deep inside a Norwegian mountain, in one of the most secure data halls in the world.
These miners together form a mining pool to confirm new Bitcoin blocks in proof-of-work.
Nortern Bitcoin operates its own mining pool with its hardware and sells the mining containers, each containing 210 miners.
In future, operators of wind turbines will be offered the opportunity to use the surplus energy for mining processes in order to profitably operate Bitcoin mining themselves.
Northern Bitcoin is a publicly listed company and listed on Xetra trading.
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