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.
Arcane Crypto and its early-stage portfolio companies continue to make progress (at different speeds) on developing their core products, several of which will be offered on a single platform backed by a unified, cloud-based tech framework. The company plans to enter the bitcoin (BTC) mining business (powered by renewable energy), which we see as promising given the Chinese ban on crypto mining. It raised SEK61.1m in equity in August 2021 to finance this project and management expects that it will allow the group to become cash flow positive from end-2021.