Purchase of first property for developing data center
Arctic Core AS, a wholly owned subsidiary of Harmonychain AS, is pleased to announce that we today have been informed of our first purchase of a property for developing a data centre of 995 square meters in Halden, Norway. The purchase was conducted at market price and was 100% financed by group equity. Final documentation is expected on or around 30.9.2021, and we expect to take over the property on or around 16.11.2021. The property is part of a former industrial property and has access to electricity transformers on site, and requires some development in efforts of scaling the operation. We plan to use the property for our own hardware, test units, and/or hosting of high performance computing hardware.
The Harmonychain Group plans to offer services for customer looking to establish traditional data centers, HPC, and blockchain verification in Norway. The data center industry in Norway is experiencing growing demand due to good infrastructure and environmentally clean energy. We are also looking for more data center locations to lease or purchase.
For more information, contact: Ola Stene-Johansen, CEO Harmonychain AS, osj@lokotech.no
www.harmonychain.com
About Harmonychain AS: Harmonychain is a diversified blockchain company that focuses on sustainable blockchain systems. The management and the board have experience from the IT sector, the strategy department of the Research Council of Norway (NTNF), academia and finance. We focus on environmental improvements (reduction of energy consumption and CO2 emissions) in blockchain verification. Harmonychain owns 100% of the subsidiaries Arctic Core AS (datacenter and blockchain verification) and Lokotech AS (Scrypt ASIC miner). This information is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.