Ace Digital AA, through its subsidiary Ace Invester AS, has partnered with Lokotech Group’s Powerpool Hosting to launch a new mining initiative in Northern Norway, marking a strategic expansion into operational mining activities.
Alexander Hagen (image) is the CEO of Ace Digital, listed at Euronext in Oslo.
Under the agreement, Ace Invester AS will deploy mining machines operated by Powerpool Hosting AS, a subsidiary of Lokotech Group AS. The machines deliver around 48 gigahashes per second of Scrypt hashrate and are hosted in Northern Norway as part of Powerpool’s pilot program. Hosting costs are deducted directly from mining revenue, with all net rewards accruing to Ace Invester AS.
The company estimates a payback period of two to three years based on current market conditions. While the transaction is of limited financial size, Ace Digital sees it as an important strategic step into hands-on mining operations. The company will continue evaluating additional opportunities in this area.
When assessing mining projects, Ace Digital prioritizes predictability in energy costs, payback time, and the expected return on individual investments. These factors guide the company’s structured approach to digital asset mining activities.
According to Ace Digital, the SOC certification, revenue-maximizing algorithms, and Powerpool’s focus on reducing friction for traditional business operators were key factors in their decision. The company also valued Powerpool’s transparency, immutable revenue records, and detailed reporting features, alongside its competitive pricing as a pool operator.
