DGAP-News: Advanced Blockchain AG: Expects Higher Income Due to Shifts in Digital Assets

Advanced Blockchain AG (Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) expects an increased profit for the year compared to the communicated half-year result due to rebalancing of its digital asset portfolio. The balance sheet income will amount to at least a mid-single-digit million EUR amount before taxes within the Advanced Blockchain Group.

This rebalancing of crypto assets acquired by the organization in the years 2017 to 2020, will result in the ability to make new investments in more currently promising digital assets in a timely manner. A reduction of investments in digital assets overall is not planned, as Advanced Blockchain AG continues to assume a dynamic development of the market.

Reallocations will be made over an extended period of time, potentially extending into the next fiscal year, depending on market conditions across centralized and decentralized exchanges for crypto assets.

For more information on Advanced Blockchain AG and its projects and investments, please visit www.advancedblockchain.com.