Ace Digital AS (Euronext Oslo: ACED), through its wholly owned subsidiary Ace
Invester AS, has entered into an agreement with Powerpool Hosting AS (a
subsidiary of Lokotech Group AS), for the purchase of mining machines providing
a total of approximately 48 Gigahashes/s of Scrypt hashrate.
The machines will be hosted in Northern Norway under Powerpool Hosting AS’ pilot
program. Hosting services are provided at a fixed rate per kW/h, deducted
directly from the mining revenue. All net mining rewards accrue 100% to Ace
Invester AS.
Expected payback time for the investment is 2-3 years at current market
conditions. The transaction is of limited financial significance for Ace Digital
but represents a strategic step into operational mining activities. The company
will continuously evaluate further commitments should similar opportunities
arise.
In assessing mining projects, Ace Digital places…
