Arcane announces mining partnership with Bitzero

Stockholm, 13 June 2022

Arcane Green Data Services, a wholly owned subsidiary of Arcane Crypto, has entered into a hosting agreement with Exanorth, a subsidiary of Bitzero Blockchain Inc. ("Bitzero"). Arcane will relocate its bitcoin mining equipment to their facility in Northern Norway (electricity price sone, NO 4). Arcane retains full ownership of the equipment which will be fully managed by Bitzero.

After the move, which is expected to be finalised by end of month, Arcane Green Data will generate approximately 24 BTC per quarter at current market conditions. Gross margin is expected to be above 70%, also given current market conditions.

Torbjørn Bull Jenssen, CEO of Arcane Crypto says, "I am excited about our partnership with Bitzero. Their commitment to securing the bitcoin blockchain in the cleanest way possible, with renewable energy and heat capture, aligns well with our own ambitions.  Bitzero is a global leader when it comes to developing green data centres, and we are looking forward to working with them and explore further opportunities for collaboration."

Akbar Shamji, Founder & CEO of Bitzero, said, "The partnership with Arcane aligns our core focus to innovate in the blockchain space, whilst building ESG focussed datacentres.  Our concurrent green Bitcoin mining operations perfectly synergise with Arcane, with whom we are excited to collaborate."

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: [email protected]

About Bitzero
Bitzero is a privately held Canadian company whose operations are focused on the designing, building, and operating of ESG focussed data-centres. Bitzero mines green Bitcoin for its own account and also hosts third party servers at its datacentres, within a zero-carbon displacement (ZCD) ecosystem.  Bitzero is focused on blockchain innovation and global data hosting, in harmony with its host communities.

About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

Subscribe to press releases and financial information:

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: [email protected], web:

Nerladdningsbara filer

Arcane Crypto AB announces an operational reorganization, unifying its growing private wealth businesses under a new business unit called K33.

In parallel Arcane has initiated a strategic review of its investment and venture business to exploit current market opportunities.

Arcane Crypto publishes Interim Report for Q3 and the first nine months of 2022

Third quarter of 2022 (compared to third quarter 2021)

  • Group revenue decreased to 52,186 kSEK (81,166)
  • EBITDA amounted to -7,336 kSEK (-6,059)
  • EBIT amounted to -12,703 kSEK (-8,105)
  • The result for the period amounted to -13,290 kSEK (-7,766)
  • Earnings per share before dilution amounted to SEK -0.002 (-0.001) and after dilution to SEK -0.001 (-0.001)

Inbjudan till presentation av Arcane Cryptos delårsrapport Q3 2022

Arcane Crypto bjuder härmed investerare, analytiker och media till en webcastpresentation som hålls av VD Torbjørn Bull Jenssen i samband med att bolagets delårsrapport för tredje kvartalet 2022 publiceras. Webbsändningen kommer att hållas tisdagen 8 november 2022 klockan 10:00.

Invitation to presentation of Arcane Crypto's Q3 2022 Interim Report

Arcane Crypto hereby invites investors, analysts and media to a webcast presentation hosted by CEO Torbjørn Bull Jenssen in connection to the publication of the company's Interim Report for the third quarter 2022. The webcast will be held on Tuesday November 8, 2022 at 10:00 CET.

Arcane Crypto publishes Interim Report for Q2 2022

Second quarter of 2022 (compared to second quarter 2021)

  • Group revenue decreased to 84,755 kSEK (100,372)
  • EBITDA amounted to -20,604 kSEK (-1,484)
  • Adjusted EBITDA -9,704 kSEK (-1,484)
  • EBIT amounted to -55,740 kSEK (-2,547)
  • The result for the period amounted to -56,272 (-7,056)
  • Earnings per share before dilution amounted to SEK -0.007 (-0.001), and after dilution to SEK -0.006 (-0.001)

Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Nybrogatan 34
Box 5216
102 45 Stockholm

08-692 21 90

Om beQuoted