German Crypto Miner Northern Bitcoin AG Now Listed on Munich Stock Exchange
German Bitcoin Company Listed on Munich Stock Exchange
German bitcoin mining company, Northern Bitcoin AG, has appeared on a section of the Munch Stock Exchange that specifically caters to medium-sized companies. The section, called M:Access is seen as ideal for companies that want to enhance their transparency, accountability, and to receive greater access to new money.
The company executive officer Mathiss Shultz mentioned that the listing will enable the company more access to capital markets. As he stated, “Our business is very dynamic. We are developing synchronously with the globally strong growing Bitcoin blockchain and its first and largest application.”
As Northern Bitcoin AG develops its business very fast, it simultaneously has to serve the growing needs of the investors. Northern Bitcoin fulfills the higher obligations arising from admission to the M:Access segment of the Munch Stock Exchange and thus our results and perspectives become more transparent to investors. So, M:Access increases the visibility of our company in the capital market.
Munich Stock Exchange managing director Marc Feller mentioned the listing of $157.76 million valued Northern Bitcoin AG shows that the cryptocurrency industry is growing. He mentioned:
With Northern Bitcoin, we have gained an innovative young company in a very interesting and highly regarded market for M:Access. This shows us that we offer an unbureaucratic and flexible stock exchange in Munich that attracts companies across all industries.
Northern Bitcoin AG was formerly Bisoilu Healthcare AG. The company runs its mining rig from Norway and claims that it is powered by 100 percent renewable energy sourced from hydro and wind. The platform’s network is designed to enable users to contribute to bitcoin mining and contributors receive a portion of the rewards.
The miner also reported that it experienced a net loss of $1.72 million and over the last two weeks, the company’s shares have reached a $58 high and a low of $1.