Arcane Crypto publishes Interim Report for Q3 and the first nine months of 2021

ARCANE CRYPTO PUBLISHES INTERIM REPORT FOR Q3 AND THE FIRST NINE MONTHS OF 2021

CEO Torbjørn Bull Jenssen comments:

"Q3 has been an important quarter for Arcane. We have successfully launched our mining business, using renewable energy, and are on track to become cash flow positive from the start of next year, given current market conditions. We have hired a new CFO and are now in the process of appointing new board members, including a very experienced chairman.

We see an increased upside in Pure Digital and LN Markets, two of our portfolio companies, and have made important progress on the new unified Arcane platform, launching the first iteration together with this report. While this first version mostly looks like a new design, a lot of the heavy lifting on the backend has already been done and new features and products will be rolled out efficiently on the platform over the coming quarters."

Main events during Q3 2021

• On July 2nd, Arcane Crypto completed the acquisition ofIjort Invest AB (Trijo).

• On July 21st, Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, announced that Bank of New York Mellon has joined the consortium of banks working with the interbank wholesale marketplace to develop a platform to support the entire digital asset life cycle.

• On July 29th, Arcane Crypto announced that the company will be included in CoinShares Elwood Global Blockchain Index as of August 2, 2021.

• On July 30th, Arcane Crypto announced a collaboration between its wholly owned subsidiary Ijort Invest AB (Trijo) and the payment service provider Trustly.

• On August 9th, Arcane Crypto informed that the company will be included in the Melanion BTC Equities Universe UCITS ETF.

• On August 30th, Arcane Crypto carried out a directed issue of 300,925,294 units consisting of one share and one warrant, raising proceeds of approximately 61.1 MSEK before deduction of transaction costs. Upon full exercise of the warrants Arcane Crypto will receive proceeds amounting to approximately an additional 73.3MSEK.

• On September 8th, Arcane Crypto ordered its first batch of bitcoin miners through its subsidiary Arcane Green Data Services, at a total cost of approximately 35 MSEK. The miners have become operational during the quarter.

• On September 14th, Arcane Crypto's wholly owned subsidiary Kaupang Krypto AS launched a service for automatic saving in all cryptocurrencies available on the platform.

• On September 14th, Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, announced the successful execution of a live test trade via Zodia Custody on its wholesale digital currency trading platform.

• On September 14th, Arcane Crypto's wholly owned subsidiary Ijort Invest AB (Trijo) launched Trijo Autopilot, a service for automatic saving in Bitcoin, Ethereum and Litecoin - becoming the first Swedish player to do so.

• Arcane Crypto was joined by Oisin Zimmerman as the new Chief Technology Officer.

• Arcane Assets grew with the addition of Natalia Goldin Lundh, who joined as Head of Business Development.

• Arcane Research was strengthened with the addition of Anders Helseth as a Senior Analyst.

Main events after the end of the period

• On October 4th, Linus Jönsson was appointed as the new Group CFO of Arcane Crypto. Linus will assume his role on January 10th, 2022, replacing Interim CFO Per-Olov Östberg.

• On October 19th, Arcane Green Data announced it had partnered with Luxor Technology Corporation and had gone live with current hosting capacity of miners.

• On October 26th, Arcane Green Data announced that it has ordered a second batch of miners, due for delivery in January 2022.

• On October 28th, the Nomination Committee proposed that Michael Jackson is elected as Chairman of the Board and that Sïmon Saneback is elected as new member of the Board. An Extraordinary General Meeting will be convened to decide on the proposal.

Webcast presentation

The company will hold a webcast presentation where CEO Torbjørn Bull Jenssen will present the report today at 10:00 a.m. CET. Investors, analysts, and media are invited to follow the webcast.

Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20211029_5/

No pre-registration is required. The presentation will be held in English and questions can be submitted in English during the webcast.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
E-mail: [email protected]

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: [email protected], web: www.mangold.se.

The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EU's Market Abuse Regulation (MAR).This information was submitted for publication at 08:00 (CET) on 29th October2021, through the agency of the CEO.

The following documents can be retrieved from beQuoted
Arcane-Crypto-Q3-2021.pdf