Arcane Crypto

News

Here you can find our press releases. press releases published by Vertical Ventures prior to the Reversed Acquisition of Arcane can be found in our archive. (Only available in Swedish)

Arcane Crypto orders its first batch of bitcoin miners

Stockholm, September 8, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the Company's subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

"We expect our mining operation to bring substantial revenue to the Arcane Crypto group. At current market conditions, the miners we have ordered would generate around SEK 3.5 million in monthly revenue and be highly profitable. From Q1 next year, we have the hosting capacity to double this mining activity. In addition, we are exploring further scale up through new hosting arrangements. Mining is the mechanism securing the bitcoin blockchain and we are committed to securing the bitcoin blockchain in the cleanest way possible, with renewable energy." - says Torbjørn Bull Jenssen, CEO Arcane Crypto.

He goes on and adds: "In addition, we see strong synergies with the rest of our portfolio in Arcane Crypto. Going forward we will explore product development around our mining operation, such as cloud mining and the use of derivatives trading to enhance risk management and drive profitability."

The business of Arcane Green Data Services will be to produce and supply the raw data processing power, while other parts of the group focus on using the data processing power in the most optimal way, including, but not limited to, selecting the optimal mining arrangement and potentially using derivatives and other financial instruments to balance and optimise risk. At current market conditions, with a total global hash rate of approximately 130m TH/s (7 day average) and a bitcoin price of around USD 46,000, the 38,720 TH/s computing power represent a monthly income potential of around SEK 3.5 million for the Arcane Green Data group as a whole. In addition to the investment itself, Arcane will incur electricity, hosting and administrative costs related to the operation.

This information is information that Arcane Crypto AB is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the below contact person, for publication on 8 September 2021 at 08:00 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

E-mail: ir@arcanecrypto.no

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

2021-12-09
Regulatorisk

Vid extra bolagsstämma i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") den 9 december 2021, som genomförts enbart genom poströstning med stöd av tillfälliga lagregler, fattades nedan angivna beslut. Samtliga beslut var i enlighet med framlagda förslag, vilka beskrivs i detalj i stämmohandlingarna som finns tillgängliga på Bolagets webbplats, investor.arcanecrypto.se.

2021-12-09
Regulatory

At the Extraordinary General Meeting in Arcane Crypto AB ("Arcane Crypto" or the "Company") on 9 December 2021, which has been conducted solely through postal voting in advance pursuant to temporary legislation, the resolutions presented below were passed. All resolutions were in accordance with submitted proposals, which are described in detail in the meeting documents available on the Company's website, investor.arcanecrypto.se.

2021-11-25
Regulatorisk

Styrelsen i Arcane Crypto AB har idag beslutat att godkänna bolagets plan att ansöka om en notering på OTCQB, en handelsplattform i USA som drivs av OTC Markets Group för värdepapper som inte är noterade på en nationell börs. Arcane Crypto kommer därmed att ansöka om notering på OTCQB och räknar med att erhålla ett godkännande under första kvartalet 2022.

2021-11-25
Regulatory

The Board of Arcane Crypto AB have today approved the company's plan to apply for a dual listing on OTCQB, a US trading market operated by OTC Markets Group for securities not listed on a national exchange. Arcane Crypto will apply for admission to trading on OTCQB and expects an approval during the first quarter of 2022.

2021-11-08
Regulatorisk

Aktieägarna i Arcane Crypto AB, org. nr. 556668-3933 ("Arcane Crypto" eller "bolaget"), kallas härmed till extra bolagsstämma att hållas torsdagen den 9 december 2021.

Styrelsen för Arcane Crypto har, i enlighet med lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor, beslutat att stämman ska genomföras enligt ett s.k. poströstningsförfarande. Stämman hålls därmed utan möjlighet för aktieägare att närvara personligen eller genom ombud. Istället kan aktieägare delta vid stämman genom att rösta och lämna in frågor i förväg enligt instruktionerna nedan.

Information om de beslut som har fattats av stämman offentliggörs 9 december 2021 så snart utfallet av poströstningen är slutligt sammanställt.

2021-11-08
Regulatory

The shareholders in Arcane Crypto AB, Reg. No. 556668-3933 ("Arcane Crypto" or the "company"), are hereby summoned to the Extraordinary General Meeting on Thursday, 9 December 2021.

The Board of Directors of Arcane Crypto has resolved that the Extraordinary General Meeting will be held by postal voting only, in accordance with the Act (2020:198) on Temporary Exceptions to Facilitate the Execution of General Meetings in Companies and Other Associations. The Extraordinary General Meeting will therefore be held without the possibility for shareholders to attend in person or through a proxy. Instead, shareholders can participate in the Extraordinary General Meeting by voting and submitting questions in advance pursuant to the instructions described below.

Information about the resolutions passed by the Extraordinary General Meeting will be published on 9 December 2021, as soon as the result of the postal voting has been finally confirmed.

2021-10-29
Regulatory

The third quarter of 2021 (compared to the third quarter of 2020)

  • Group revenue increased to 81,166 kSEK (571)

  • EBITDA amounted to -6,059 kSEK (-3,085)

  • EBIT amounted to -8,105 kSEK (-3,133)

  • The result for the period amounted to -7,766 kSEK (-2,833)

  • Earnings per share before dilution amounted to -0,001 SEK (-0,005)

  • Earnings per share after dilution amounted to -0,001 SEK (-0,005)

The first nine months of 2021 (compared to the first nine months of 2020)

  • Group revenue increased to 183,555 kSEK (879)

  • EBITDA amounted to -18,586 kSEK (-7,454)

  • EBIT amounted to -21,731 kSEK (-7,505)

  • The result for the period amounted to -150,872 kSEK (-7,343)

  • Adjusted result for the period amounted to -23,919 kSEK (-7,343)

  • Earnings per share before dilution amounted to -0,019 SEK (-0,014)

  • Earnings per share after dilution amounted to -0,018 SEK (-0,014)

2021-10-28
Regulatorisk

Stockholm, 28 oktober 2021 - Ett pressmeddelande med rubriken "Nomineringskommittén föreslår förändringar i Arcane Cryptos styrelse" som distribuerades tidigare idag inkluderade av misstag ett namn på en föreslagen styrelseledamot som inte kommer att föreslås som styrelseledamot. Det rätta offentliggörandet lyder:

Styrelsen i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") har idag mottagit ett förslag från Bolagets nomineringskommitté om att sammankalla en extra bolagsstämma för att besluta om förändringar i Bolagets styrelse. Nomineringskommittén föreslår att Michael Jackson utses till styrelseordförande och att Sïmon Saneback utses till ny styrelseledamot. Jonatan Raksnes kommer att lämna sin position som styrelseordförande och styrelseledamot och Anna Svahn, Kristian Kierkegaard och Viggo Leisner kommer att förbli styrelseledamöter.

2021-10-28
Regulatory

Stockholm, October 29, 2021 - A press release headlined "The Nomination Committee proposes changes within Crypto's Board of Directors" distributed earlier today by mistake included a name of a proposed member of the Board that will not be proposed as member of the Board. The correct announcement follows:

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company) has today received a proposal from the company's Nomination Committee to convene an Extraordinary General Meeting ("EGM") to resolve on changes within the Company's Board of Directors. The Nomination Committee proposes that Michael Jackson is elected as Chairman of the Board and that Sïmon Saneback is elected as a new member of the Board. Jonatan Raknes will resign from his position as Chairman and member of the Board and Anna Svahn, Kristian Kierkegaard and Viggo Leisner will remain as members of the Board.

2021-10-28
Regulatorisk

Stockholm, 28 oktober 2021 - Styrelsen i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") har idag mottagit ett förslag från Bolagets nomineringskommitté om att sammankalla en extra bolagsstämma för att besluta om förändringar i Bolagets styrelse. Nomineringskommittén föreslår att Michael Jackson utses till styrelseordförande och att Sïmon Saneback och Mikkel Riiber utses till nya styrelseledamöter. Jonatan Raksnes kommer att lämna sin position som styrelseordförande och styrelseledamot och Anna Svahn, Kristian Kierkegaard och Viggo Leisner kommer att förbli styrelseledamöter.

2021-10-28
Regulatory

Stockholm, October 28, 2021 - The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company) has today received a proposal from the Company's Nomination Committee to convene an Extraordinary General Meeting ("EGM") to resolve on changes within the Company's Board of Directors. The Nomination Committee proposes that Michael Jackson is elected as Chairman of the Board and that Sïmon Saneback and Mikkel Riiber are elected as new members of the Board. Jonatan Raknes will resign from his position as Chairman and member of the Board and Anna Svahn, Kristian Kierkegaard and Viggo Leisner will remain as members of the Board.

2021-09-08
Regulatory

Stockholm, September 8, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the Company's subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

2021-08-30
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on and carried out a directed issue of 300,925,294 units (the "Directed Issue") to a group of qualified investors with a proven interest in Arcane Crypto and the crypto currency sector. Each unit consists of one (1) share and one (1) warrant of series 2021:5. The subscription price of the units in the Directed Issue amounts to SEK 0.203 per unit, corresponding to a subscription price of SEK 0.203 per share. The warrants were issued free of charge. Each (1) warrant of series 2021:5 entitles the holder to subscribe for one (1) newly issued share in the Company during the period commencing 1 September 2021 up to and including 28 February 2022. The subscription price per share exercised through a warrant of series 2021:5 is SEK 0.2436. Through the Directed Issue Arcane Crypto will receive proceeds amounting to approximately SEK 61.1 million before deduction of transaction costs. Upon full exercise of the warrants of series 2021:5, Arcane Crypto will receive proceeds amounting to approximately an additional SEK 73.3 million.

1
2
...
20
>>

Subscribe

Press releases and reports to your E-mail