Arcane Crypto

Stockholm: ARCANE

Market CapSEK438m

Last Close SEK0.05

Arcane Crypto is an investment company acquiring and developing early-stage businesses in the blockchain-powered digital assets sector as part of a ‘buy-and-build’ strategy. It currently has five fully owned and four minority-owned businesses across payments, trading, asset management, research and media. It has been listed on the Nasdaq First North alternative market since February 2021.

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Investment summary

In Q421 Arcane Crypto reduced its EBITDA loss to SEK3.4m from SEK10.4m in Q420, on the back of higher trading volumes and the gross margin of its crypto broker Kaupang Krypto, as well as the launch of bitcoin (BTC) mining in October 2021. The latter is now fully ramped up after deployment of the second batch of miners in Q122. These operations generated a robust average gross margin of 65% in Q421. However, the subsequent BTC price decline from its all-time high in November 2021, coupled with high electricity prices in Norway, means Arcane Crypto now expects to be close to cash flow neutral in the near term (compared to previous expectations of being cash flow positive from Q122 onwards).

Content on Arcane Crypto
Arcane Crypto – Bitcoin mining project has come on stream
TMT | research Update | 5 November 2021
Coins of various cryptocurrencies
Arcane Crypto – Gradually making progress on its agenda
TMT | research Update | 7 September 2021
Coins of various cryptocurrencies
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Share price graph
Price performance
%
1m
3m
12m
Actual (44.3) (43.2) (73.1)
Relative* (40.4) (40.9) (70.0)
52-week high/low SEK0.3/SEK0.0
*% relative to local index
Key management
Torbjørn Bull Jenssen CEO
Per Olov Östberg CFO
Eva Lawrence COO