Northern Data : Capital Markets Day 2024

Capital Markets Day - Q1 2024

7th May, 2024

Disclaimer

This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend", "may", "plan", "project", "should" and similar expressions are used to identify forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about Northern Data's beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Northern Data Group. Forward-looking statements therefore speak only as of the date they are made, and Northern Data AG undertakes no obligation to correct, update any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. These statements are based on Northern Data AG management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements.

Actual results may differ from those set forth in the forward- looking statements as a result of various factors (including, but not limited to, future global economic conditions, changed market conditions affecting the industry, intense competition in the markets in which we operate and costs of compliance with applicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting our markets, and other factors beyond our control). This presentation is intended to provide a general overview of Northern Data AG's business and does not purport to deal with all aspects and details regarding Northern Data AG. Accordingly, neither Northern Data AG nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance should be placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. Neither Northern Data AG nor any of its directors, officers, employees or advisors nor any other person shall have any liability

whatsoever for any errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.

The material contained in this presentation reflects current legislation and the business and financial affairs of Northern Data AG, which are subject to change. This Presentation shall not constitute an offer, nor a solicitation of an offer, for the sale or purchase of any securities or assets or to enter into any transaction. This Presentation should not be relied upon to form the basis of any investment decision. In all cases, the recipient should conduct its own investigation and analysis of the Northern Data and the information set forth and provided in this Presentation. The recipient should not construe the contents of this Presentation as legal, business, accounting or tax advice.

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Agenda

1 Vision & Strategy

1. Platform and Services
2. Financial Outlook

3

Your team today

Aroosh	Rosanne	Elliot
Thillainathan
Kincaid-Smith	Jordan
Founder &	Group COO	Group CFO
Group CEO

4

Key messages

Defined

Strategy

Success

Factors

Future

Growth

Financial

Performance

1. defined technology strategy to create leading high-performance compute solutions

Demonstrated delivery against our roadmap

Strong partnerships and wise capital allocation ensure further growth

Strong execution has translated into solid financial performance

5

Vision & Strategy

• The future's greatest opportunities will" be driven by giant technological leaps

VISION

To power the next generation of innovation bravery through

sustainable, state of the art, high performance computing solutions

Us at a glance

Best-in-class hardware and configurations, across our technology estate

Strategic partnerships with technology vendors to increase speed to market

Innovative co-location services with longstanding industry expertise

*By Q3 2024

**As at end of Q1 2024

*** As at May 2024

~24,000	~60MW	~3.2 EH/s
GPUs *	Tier 3 owned**	Installed **
~10,000 NVIDIA GPUs
deployed***	~50MW under LOI	~160MW in use
~14,000 NVIDIA GPUs	~775MW owned
in deployment	~150MW Targeted	available capacity

Cutting-edge liquid cooling infrastructure for large computing workloads

Scalable options and full flexibility for all our customer needs

Continuing to contribute to the blockchain ecosystem and focusing on cost leadership

Our foundations

Leading the Market

Exploding	Universal need	Global adoption
Generative	of data center	of Bitcoin as
AI Market	capacity	asset class

How we deliver success

Commercial	Industry	Growth	State of the	Specialized
clarity	expertise	capital	art technology	partners
Diversification and	A business portfolio	Successive,	Europe's leader in	Alliances with
delineation of our	led by industry	successful	the acquisition of	hardware and
core business	experts and subject	capital raises	latest GPU and	deployment partners
capabilities	matter experts		mining hardware

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Our path

Readiness

2023

• Streamlined business

• Hired expertise

• Focused on specific opportunities

Execution

2024

• Deliver our technology & product roadmaps
• Secure market share
• Enhance transparency
• Improve governance

Acceleration

2025

• Expand on technology & product roadmap
• Formalise focus on customer needs
• Mature market share
• Capitalise on new market opportunities
• Deliver sustainable MRR

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