The agreement means that HPC (High Performance Computing) will be the focus of Xpecunia's digital operations.
Xpecunia intends to enter into a partnership with an established HPC platform based in the UK. The agreement means that HPC (High Performance Computing) will be the focus of Xpecunia's digital operations. In the coming periods, this will entail investments in upgrades of the server hardware to even better match the digital platform environment. The assessment is that investments can be made step by step with established relationships and are estimated at approx. SEK 10 million when fully implemented. Xpecunia has for a long time developed an ability to rent out its server capacity to the HPC market. This means that computing power is leased to third parties who use it on a contract basis for, for example, training of AI models, VM applications and, among other things, rendering calculations to varying extents.
This is a market that is expected to continue to grow strongly at 9% annually up to $60 billion in five years from today's level of $46 billion according to Intersect360 Research. Other assessors have similar estimates. Xpecunia already has revenue in HPC that is on the rise.
Earlier in the year, Xpecunia tested HPC against various marketplaces to evaluate how our model should be adapted. The company conducts and has conducted negotiations with various foreign players and can state that this is a market with strong margins. The growth means that price pressure is not significant and that there is a strong increase in environmental awareness within the industry. The assessment is that there are good negotiating grounds and conditions for entering into a long-term partnership with an actor based in Great Britain. A negotiation has been conducted over the past six months and the parties now agree to develop a close collaboration. Once this is signed, it is intended to be communicated with a joint press release. The partner is a company founded in 2017, with just under 50 employees and they have intimate and well-developed relationships with NVIDA, AMD and Intel. There is a very strong environmental awareness that pervades their choices in the expansion.
Xpecunia's position with a good level of its own technology park and owner of large solar fields, number 11 in order of size in the list that Svensk Solenergi has on its website, as well as the focus on further environmentally friendly energy expansion means that we are very well received and interesting as a partner.
Xpecunia is fundamentally a technical computing company that is expanding to strengthen the long-term potential and create a presence in the rapidly growing market for computing capacity. The company has its own facilities in Sweden with its own energy production to reduce raw material costs and environmental impact. The company is listed on NGM Nordic SME in Stockholm, Sweden and on the Stuttgart Stock Exchange in Germany.
CEO: Daniel Moström – +46-70-7446901
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
Xpecunia Nordic AB (publ) company registration number: 559152-3013