Updated company presentation

Please follow link for updated presentation in Norwegian prepared for Investordagene 2021 arranged by Hegnar Media October 18-21 2021.

 

 

First stand-alone software product: Scryptpool

October 4, 2021: Harmonychain is pleased to provide the following update on our software development: Harmonychain has launched its proprietary Scryptpool. The project is still in closed alpha, but technical architecture has now been completed, and the platform will be further developed over the next six months. A pool is a server-side software solution that allows miners to share the reward of offering their processing power to a given blockchain.

“We aim to create a scalable, modular solution, where over time we will be able to offer pool services for many Scrypt blockchains – both the more and less popular – without making it too technically complicated for the user,” comments CEO Ola Stene-Johansen.

“We use the best of existing technology, and our own experience from developing large telecom platforms to create a future-oriented, secure and scalable solution for miners. The technology is intended to be able to handle large traffic volumes for current and future mining hardware, including hardware we ourselves are developing », comments Lead Software Developer Arve Rasmussen.

About Harmonychain AS: Harmonychain is a diversified blockchain company that focuses on sustainable blockchain systems. The management and board have experience from the IT sector, the strategy department in the Research Council of Norway (NTNF) and finance. We focus on environmental improvements (reduction of energy consumption and CO2 emissions) in blockchain verification. Harmonychain is located in Oslo and owns 100% of the subsidiaries Arctic Core AS (data center and blockchain verification) and Lokotech AS (Scrypt ASIC Miner).

 

 

Data Center

September 15, 2021: Arctic Core AS, a wholly owned subsidiary of Harmonychain AS, is pleased to announce that we recently purchased our first property for developing a data center of 995 square meters in Halden, Norway. 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. The Harmonychain Group had per 15th September 2021 bank deposit of approx. 83 MNOK after adjustment for the purchase price of the property.

 

Relocate Data Centers to Norway

We welcome international Data Centers wanting to relocate to Norway to contact us on post@harmonychain.com or tel. +4746290000 for frequently asked questions or assistance. As per October 2021, Norway has the cheapest electricity in Europe, substantially cheaper than Germany, France, and the United Kingdom. We are setting up a Data Center site in Norway through our subsidiary Arctic Core.

 

The Lokotech goal is to offer a Scrypt miner with a higher hash rate, lower power consumption (0.099 J/MH) and lower price than competitors.

 
  
August 16, 2021: The design of the ASIC has been improved so that it is now more power efficient. Preliminary simulation shows a performance of as much as 9.95MH/s per 0.984 Watt, which corresponds to only 0.099 Joules per Megahash (0.099 J/MH). This is more than 10 MH per Joule. This is significantly more power efficient performance than any other Scrypt computer that exists today, including Bitmain’s L7. This means that potential customers can operate significantly more miners on their available power capacity. The goal is to offer a product with a higher hash rate and lower power consumption at a lower price than what is available on the market today.
   
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 Lokotech AS (Scrypt ASIC) and Arctic Core AS (data center). Our low energy microchips can potentially also be used in artificial intelligence (AI).

 

Research Council (SkatteFUNN) application approved

July 29, 2021: Lokotech AS, a wholly owned subsidiary of Harmonychain AS, was today informed that their SkatteFUNN application has been approved by the Research Council of Norway. The application covers research and development costs associated with Lokotech’s main R&D project. The grant amounts to up to 19% of project costs of up to NOK 25 million per year.

 

 

Harmonychain is a diversified blockchain company that focuses on sustainable blockchain systems

Harmonychain is listed on the Euronext Growth Oslo Stock Exchange. The management and board have experience from the IT sector, the strategy department in the Research Council of Norway (NTNF), as well as academia and finance. We focus on environmental improvements (reduction of energy consumption and CO2 emissions) in blockchain accounting. Harmonychain has launched its proprietary Scryptpool, and also owns 100% of the subsidiaries Lokotech AS (Scrypt ASIC) and Arctic Core AS (data center). Our low-energy microchips can potentially also be used in artificial intelligence (AI).

The Harmonychain group has comfortable liquidity. As of 15.9.2021. Harmonychain had NOK 83 million in bank deposits adjusted for purchase price of data center property.