Northern Bitcoin AG plans to expand its Executive Board as part of the merger with its US competitor Whinstone. Henceforth, Aroosh Thillainathan, Co-Founder and Managing Director of the Whinstone Group, will lead Northern Bitcoin AG as CEO. Support on the Executive Board will come from COO Julian Handte and CTO Andreas Lange, Northern Bitcoin's previous CEO, Mathis Schultz, will take over as CFO.

The expansion and realignment of the Executive Board are to be completed within the next few days. With Aroosh Thillainathan, joins the Executive Board of Northern Bitcoin AG as Chief Executive Officer (CEO). Thillainathan founded Whinstone in 2014 with the objective of addressing an untapped area of the global data center industry at the time.

Within about five years, his company managed to become a global leader in blockchain infrastructure. By his side, Julian Handte will be the Chief Operating Officer (COO) responsible for the operating business. Handte has been a successful COO for Northern Bitcoin since early 2019 and has many years of entrepreneurial experience in founding and managing companies.

Handte, who previously built up the business in the Middle East in cooperation with a mining company, was the lead manager for the successful merger with Whinstone. With Andreas Lange, one of Whinstone's co-founders joins the Executive Board as Chief Technology Officer (CTO). Lange founded Whinstone with Thillainathan and was already responsible for the complete technology in the Group as CTO, including the successful development and application of comprehensive automation and control software for the operation of the mining facility.

In his future role at Northern Bitcoin AG, he and his team will also further develop the wallet app "Wallace". Mathis Schultz, as Chief Financial Officer (CFO), rounds off the Executive Board with responsibility for finance and the capital market. Schultz has so far led the Company as CEO and successfully positioned it on the capital market as a sustainable and fast-growing company.

With his experience and his network, he will continue to support the Company in a new position of responsibility.