Fintech PR
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann’s Abode of Chaos as a ‘total work of art’, the global headquarters of Artprice by Artmarket.
PARIS, March 24, 2025 /PRNewswire/ — La Demeure du Chaos (“The Abode of Chaos” – dixit the New York Times) was conceived in 1999 as “a mirror of our world” by thierry Ehrmann. Besides his many business accomplishments, his certified biography in Who’s Who In France describes Ehrmann as a ‘visual artist since 1980’. https://imgpublic.artprice.com/img/wp/sites/11/2025/02/2025-Biographie_de_Thierry_Ehrmann-Who-s-Who-In-France.pdf
The Abode of Chaos is managed by a contemporary art museum baptised “Organe” and located in the village of Saint-Romain-Au-Mont-d’Or just outside Lyon, France.
This unique open-air museum spans 7,555m² and features a one-of-a-kind museum trail set in the heart of nature. Open to the public free of charge, it was conceived as a total work of art, ensuring accessibility and inclusion for all audiences, in line with the vision of its founder and creator, thierry Ehrmann. It is classified by the Prefecture as an ERP open-air museum. Since its opening in 2006, the Contemporary Art Museum has received 2.5 million visitors free of charge, 25% of whom are from outside France.
In 25 years, the Abode of Chaos has been the subject of nearly 3,600 written and audiovisual press reports from 72 countries. Its activities are followed around the world by more than 10.9 million subscribers on its social media accounts and it counts 720,000 signatories to the petition for its preservation and recognition by France’s public authorities.
The Abode of Chaos has three imposing buildings dating back to 1630 that have been completely re-sculpted in an alchemical transmutation that gave birth to nearly 7,200 distinct works of art created by thierry Ehrmann. Each work has its original name, its original medium and its original shape. There are 4,500 laser-sculpted steel artworks, some weighing several hundred tons. There are also portraits, paintings, street artworks, mural engravings, installations, digital artworks created with AI, works of land art and an all-encompassing electronic system, which together constitute a ‘total work of art’:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
“Dear Sir,
For several years you have been practicing a proteiform artistic activity alongside your energetic development of Artprice, the company you founded.
Not long ago, you drew the attention of one of my predecessors and my ministerial services (DRAC and DGCA) to the complex situation surrounding the product of your artistic activity: the Abode of Chaos.
Originally an old farm in the Monts du Lyonnais, you made the property your personal residence as well as the headquarters of your company Artprice. At the same time, you developed a multi-faceted and abundant artistic project on the entire site, part of which has National Historical Monument protection, called “La Demeure du Chaos” (Abode of Chaos). This project, which integrates the architecture of the existing building as well as its surroundings, while preserving and respecting the remains of an old Protestant cemetery, is a total work of art, in perpetual evolution. It’s primary artistic objective is to reflect the historical and societal convulsions at the end of the 20th century and the promises and uncertainties of our 21st century. The work is both indoors and outdoors, integrating public and private spaces, notably those dedicated to the daily activities of your company.
Its integrated contemporary art museum offers a hallucinatory and fascinating promenade through the recesses of human memory via portraits of the prominent personalities of our modern era, as well as key quotes, sculptures and architectural extensions that modify the existing buildings. Repurposed car and plane wrecks also play a key role, alongside contemporary ‘factories’ installed in the park.
I would like to inform you that my ministerial department officially recognizes the value of this unique work, which I understand is in perpetual motion and will only stop evolving when you are no longer.“
According to Madame Dati, thierry Ehrmann’s work, “is in line with great ‘total works of art’ like Postman Cheval’s Ideal Palace and the Cyclops in Milly la Forêt…
By this letter I wish to inform you that the Ministry of Culture recognizes the artistic value of the work already created and encourages you to continue it.”
Recognition by public authorities constitutes the highest point in the process of protecting the artworks of the Abode of Chaos and, with regard to the law, it is the principal factor that triggers the work’s inclusion in the History of Art and its preservation for posterity. The different protection measures constitute a subsidiary factor, while the Minister offers a range of legal solutions to allow the transmission of the Abode of Chaos to future generations:
“I also hope that a dialogue can be initiated with State Services and in particular with the Regional Prefecture and the Regional Office of Cultural Affairs (DRAC), in both directions.
The first concerns allowing greater access to the Abode by extending the openings hours that you already practise.
The second concerns implementing the right conditions to ensure the sustainability, conservation and accessibility of the Abode to future generations. I will also ask my services, both central and decentralized, to collaborate with your teams to examine the various legal frameworks that could be used to allow the perennity and transmission of the Abode to future generations: endowment fund, a protected foundation, or a foundation recognized as being of public utility, or any other suitable device.”
With great emotion, upon reading this letter, thierry Ehrmann – founder of Artprice, historian and visual sculptor – cannot help but reflect on the extensive study he dedicated to the sculptor Constantin Brancusi:
“Exactly a century ago, the U.S. High Court (Brancusi/USA) redefined the cognitive value of a work of art through a landmark trial involving Constantin Brancusi’s The Bird in Space. Today, after 25 years of legal struggle, France, through its Minister of Culture, Madame Rachida Dati, has officially recognized the value of my work, defining it as unique through my artistic creation embodied in The Abode of Chaos and its total work of art. Furthermore, it acknowledges that my work is in constant evolution and encourages me to continue, while supporting its dissemination, conservation, and sustainability. This moment forms a true ‘mise en abîme‘, linking Brancusi’s The Bird and his portrait painted in my studio at the heart of The Abode of Chaos. It represents both my Great Alchemical Work and my 45 years of artistic creation. I receive this recognition with deep gratitude towards the Minister of Culture, her team, and all my long-standing supporters, as we mark the 25th anniversary of the Abode of Chaos. Today, France, through the voice of its Minister of Culture, is writing a new chapter in the history of art.”
The process of recognition and legal protection of the Abode of Chaos relies on in part, on the creation of an in-depth bilingual architectural study titled “The Abode of Chaos: Gesamtkunstwerk & Singular Architecture”. This study is now freely accessible to the public at:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
The brief description provided in this press release is not exhaustive. The reader is encouraged to consult the typescript for a comprehensive reading of the referenced works.
The study examines the Abode of Chaos from a historical, archaeological, sociological, artistic, architectural and scientific points of view, with the help of international experts, distinguished professors, and multidisciplinary researchers.
This Study constituted the core requests led by Sandra Béchiche – Director of thierry Ehrmann’s office, in charge of international relations and heritage conservation, for legal protection addressed to the French Ministry of Culture, and more specifically to the General Director of the General Department of Artistic Creation (DGCA) in the person of Christopher Miles, as well as to Marc Drouet, Regional Director of Cultural Affairs Auvergne-Rhône-Alpes (DRAC AURA).
These initiatives began in December 2019 in order to obtain recognition from the public authorities of thierry Ehrmann’s total work of art, and to ensure its sustainability and a peaceful resolution to the 25-year legal dispute initiated by the Commune of Saint-Romain-Au-Mont-d’Or, based on town planning law in the face of artistic creation. This dispute was initially protected by the Malraux laws and later by the law of July 7, 2016, concerning freedom of creation, architecture, and heritage. thierry Ehrmann contributed to this through the legal debate he initiated on the status of the artist in France and the freedom of artistic creation.
The surveys, plans, sections, illustrations, orthophotographs for the complete digitization of the 7200 artworks connected to the buildings, outbuildings and surrounding walls over 7,555 m² (generating a digital heritage of 1.2 Terra-Bytes [1 pixel IPTC/GPS DMS = 1mm]) was carried out in 18 months by Philippe Barthélémy, founder of ICONEM (which has done extensive work of the Bamiyan cliffs, Palmyra site etc.) as well as TT Géomètres Experts Group and its 3D Lab. This work was based on the European Commission’s standards for the digitization and online accessibility of cultural material and digital preservation (2011/711/EU).
The study and the complete digitization of the Abode of Chaos was overseen by martyr heritage specialists led by Dr. Nicolas Detry, a specialized Heritage Architect. N. Detry wrote the main corpus of the section on “Formativity of the Abode of Chaos” with reference to the work of Luigi Pareyson. Raphaëlle Rivière, historian of art & architecture and archaeologist, studied the Total Work of Art (Gesamtkunstwerk) and the Singular Architecture that is the Abode of Chaos / Demeure du Chaos with Nicolas Detry. They were both also the curators of the exhibition “The Abode of Chaos: History of a Sustainable Heritage from the 17th Century to the Present Day” in 2022.
Finally, from a purely pedagogical perspective, the notion ‘total work of art’ (from the German Gesamtkunstwerk) that Madame Rachida Dati, Minister of Culture, has officially recognized in the Abode of Chaos, is an aesthetic concept originating from German romanticism and appearing in the 19th century in Europe. A ‘total work of art’ is characterized by the simultaneous use of numerous artistic mediums and disciplines, and by the symbolic, philosophical or metaphysical significance it holds. Such projects are born from a desire to reflect the interconnectedness of all elements of existence.
thierry Ehrmann opens the doors of the total artwork La Demeure du Chaos to Loïc Ballet & Sébastien Chabal for the TV program En vadrouille on March 9, 2025 (France 3 Auvergne-Rhône-Alpes, France Télévisions group, LB Production):
https://www.youtube.com/watch?v=nF_W2e4NeCc
thierry Ehrmann’s Abode of Chaos is regularly cited by art historians as the artistic continuity of the Merzbau, a monumental spatial assemblage, the culmination of the ‘total work of art’ that the artist Kurt Schwitters worked on in his studio and home in Hanover as of 1923.
At the same time, a number of other studies were conducted, notably on the conservation and restoration of the corpus of works at La Demeure du Chaos. The eminent specialist, Simona Sajeva, a civil engineer and international specialist in the conservation-restoration of historic buildings, and President of the International Scientific Committee on Mural Paintings of ICOMOS (International Council of Monuments and Sites) played a key role in these studies.
La Demeure du Chaos is regularly included in international nominations for selections such as the Watch List of the World Monument Fund proposed by the DIVA (Documentation Interpretation and VAlorization of Heritage) research laboratory of Liège University in Belgium. The DIVA specializes in conservation sciences for art and architecture under the direction of Claudine Houbart, professor, architect, art historian, and specialist in the conservation of monuments and sites. She is also a Doctor in engineering sciences, and President of the Doctoral School at the FNRS (Scientific Research Fund) dedicated to building arts and urban planning, and a member of the ICOMOS International Scientific Committee on the theory and philosophy of conservation.
This nomination benefited from prestigious sponsorships including the support of Giovanni Carbonara (1942-2023) – professor, architect and Director Emeritus of the School of Specialization of Architectural Heritage and Landscape at the University of Rome, “La Sapienza“, and Special Advisor to UNESCO – and Pierre Hallot – Doctor of Philosophy and Geospatial Information Sciences, professor at Liège University, member of ICOMOS, expert and Belgian Representative of the CIPA (International Committee of Architectural Photogrammetry – Heritage Documentation).
In addition, La Demeure du Chaos has been subject to restoration after thierry Ehrmann reluctantly agreed to the destruction of part of his works to comply with requests from the public authorities. This work was conducted by specialists in listed monuments, including the company Comte (Vinci Group), which, among other projects, has restored the Primatiale Saint Jean in Lyon on several occasions, a UNESCO World Heritage site.
The memory of this artistic loss will remain in the martyred heritage thanks to the “Catalogue Raisonné of an Artistic Loss Necessary for Republican Peace” created in 2023, which lists the 450 destroyed works.
Lastly, the dimentions of the “total work of art” of the Abode of Chaos include the global headquarters of Artprice by Artmarket, World Leader in Art Market Information since 1987, listed on the Paris Euronext’s regulated market, as well as Groupe Serveur (Artprice’s principal shareholder) and its legal, scientific, and press agency subsidiaries (since 1985).
The Abode of Chaos is also home to the world’s largest collection of manuscripts, codices and art market sales catalogs kept under exceptionally high security standards. These documents represent the history of the art market from 1700 to the present day, a modern-day ‘Library of Alexandria‘. All the archives belong to Artprice by Artmarket and they have all been scanned annotated and studied by the company’s historians and experts. The company’s underground area also hosts its various data centers, hosting more than 180 data banks of art market information which constitute the global reference for art market professionals all over the world, and for more than 9 million Artprice by Artmarket subscribers. Artprice’s press agency, ArtMarketInsight, distributes Art Market news with its long-standing partner of 27 years, Cision PR Newswire, to 122 countries and in 11 languages.
Of the many descriptions of the Abode of Chaos proposed over the last 25 years, many art historians have used the term ‘total work of art’, while others have described it as a “Black Work of hermetic tradition feeding on the Alchemical Chaos of our tragic and sumptuous 21st century, whose embers were ignited on September 11, 2001“.
Various studies from different parts of the world suggest that the genesis of the Abode of Chaos can be traced back to first Masonic trestle boards by thierry Ehrmann at the National Grand Lodge of France in 1985, referring to the remarkable alchemical work “The Philosophers’ Mansions“ by Fulcanelli.
In addition, over the last twenty-five years, thierry Ehrmann’s Abode of Chaos has regularly been compared to the famous ‘total work of art’ created by “Postman Cheval” with his “Ideal Palace”. Indeed, the reference work on Postman Cheval’s work (published by Postman Cheval’s Ideal Palace in conjunction with the École Nationale Supérieure des Beaux Arts and the Musée de la Poste in 2008) described thierry Ehrmann as The Postman Cheval of the 21st century (section titled “Cheval and his artistic lineage”, page 18). The Postman Cheval lineage is clear and unambiguous, and there exists a cultural tour incorporating visits to the two sites for more than 15 years now.
The Abode of Chaos is also home to more than 1,800 geopolitical, literary, scientific, philosophical, artistic, and historical portraits. The portraits reference personalities involved in 90% of the global news regularly covered by written and audiovisual media around the world, as well as thousands of alchemical engravings.
The international press sees the Abode of Chaos as a “body of distinct works” and as an “essential and unique ‘Factory’” that has a key place in the History of Art as the most significant major work of the beginning of the 21st century (see press review, notably the special issue of the The New York Times and Artpress).
It also exists within the realm of ideas. It has sparked exhibitions, debates, numerous books, short and feature films by renowned directors, theses, research, and reverberations across different continents.
In 2024, the 36th Congress of the International Committee of Art History (CIHA) convened in Lyon. On a global scale, the CIHA Congresses have constituted the most unifying events for the entire community of researchers and professionals in the world of art and heritage since 1873.
thierry Ehrmann, CEO and Founder of Artprice declared: “Considering our strategic mission, it is natural for Artprice and the Organe Museum of Contemporary Art that manages the Abode of Chaos, to sponsor the 36th CIHA Congress as one of its principal patrons, with contributions from all of Artprice’s historians and researchers. We were delighted to welcome delegates to the global headquarters of Artprice by Artmarket in the heart of the Organe Contemporary Art Museum and its Abode of Chaos.”
This extraordinary event for Art History, held every four years, contributed to re-emergence of France, which – according to Artprice’s 30th Annual Art Market Report – is now positioned as the second largest public art market in the world in terms of transaction volumes, just behind the United States. In 2024, Paris generated the 4th largest art auction turnover in the world, surpassing both Beijing & Shanghai.
https://www.artprice.com/artprice-reports/the-art-market-in-2024
Copyright 1987-2025 thierry Ehrmann www.artprice.com – www.artmarket.com
Artprice’s econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com
Find out more about our services with the artist in a free demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who’s Who In France©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 865,100 artists.
Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 119 countries and 9 languages.
Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.
There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
See our 2024 Global Art Market Annual Report, published in March 2025 by Artprice by Artmarket: https://www.artprice.com/artprice-reports/the-art-market-in-2024
Artprice by Artmarket publishes its 2024 Contemporary Art Market Report: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2024
Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.5 million subscribers)
Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video
whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, ir@artmarket.com
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LONDON, March 27, 2025 /PRNewswire/ — Hakluyt, the global strategic advisory firm for businesses and investors, has announced the appointment of Ronald Sugar, chairman of the board at Uber and director of Apple, to its international advisory board.
An engineer by background, Dr. Sugar has held executive positions at companies including Litton Industries and TRW Inc. He was appointed chairman and CEO of Northrop Grumman Corporation in 2003, and retired in 2010. He has since served on the boards of major corporations, including Chevron, Amgen, Apple and Uber. As well as his roles in business, Dr. Sugar is a director of several philanthropic organisations, and serves on the boards of the University of Southern California and the Los Angeles Philharmonic. He is a member of the National Academy of Engineering, and a fellow of the American Institute of Aeronautics and Astronautics and the Royal Aeronautical Society.
Hakluyt’s international advisory board includes senior leaders from across business, government and academia who amplify the firm’s work and global connectivity. Chaired by Lord William Hague, the board’s members draw on their collective experience to provide the firm with advice and expertise at the highest level.
On the appointment of Dr. Sugar, Lord Hague said: “I am very pleased to be welcoming Ron to the Hakluyt international advisory board. His experience with some of the world’s most important corporations will undoubtedly be immensely valuable, as the firm continues to provide international business leaders with insights and advice on their most pressing issues.”
Dr. Sugar added: “I am delighted to be joining the Hakluyt international advisory board during a period of continued growth and opportunity for its Americas business. I am looking forward to drawing on my background in technology and engineering businesses, both within the US and internationally, in support of Hakluyt’s excellent work.”
Thomas Ellis, Hakluyt’s managing partner, said: “It really is a great pleasure to welcome Ron to our international advisory board, and I know that I speak for everyone in the firm in saying that we are all very excited to have the opportunity to work with him and learn from him.”
This appointment is effective immediately.
Notes to editors:
Hakluyt is a strategic advisory firm that works with corporate leaders and investors around the world on their most important commercial issues. For more information on the firm, please visit www.hakluytandco.com
View original content:https://www.prnewswire.co.uk/news-releases/hakluyt-appoints-ronald-sugar-to-its-international-advisory-board-302413180.html
Fintech PR
Canaan Unveils Avalon Q at Mining Disrupt 2025: a Professional-Grade Quiet Bitcoin Mining Solution for Home Use
SINGAPORE, March 27, 2025 /PRNewswire/ — Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts.
The Avalon Q offers up to 90 TH/s hash power with adjustable consumption (800W-1600W), making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 110V home power worldwide.
“With Avalon Q, we’re democratizing Bitcoin mining by bringing professional capabilities into people’s homes,” said Mr NG Zhang, Founder and CEO at Canaan. “Cryptocurrency enthusiasts no longer need to choose between powerful mining capabilities and residential compatibility.”
Professional Mining Performance in a Home-Friendly Package
Unlike industrial mining rigs, the Avalon Q operates at just 45dB—similar to a quiet library—making home mining practical. This revolutionary sound engineering makes it possible to run a Bitcoin mining operation from a home office, garage, or basement without disruptive noise.
The Avalon Q’s key features include:
- Professional-Grade Hashing Power: Maximum 90 TH/s computing capacity rivals institutional mining equipment
- Home Power Compatibility: AC input range of 110V-240V covers the world’s major voltage standards and works with standard household electrical systems
- Ultra-Quiet Operation: Industry-leading 45dB minimum noise level enables unobtrusive home placement
- User-Friendly Operation: Avalon Family APP enables simple plug-and-mine functionality for beginners and experienced miners alike
- Exceptional Durability: Built with Avalon’s proven reliability engineering for continuous operation
- Comprehensive Warranty: 360-day guarantee provides peace of mind for home miners
Rising Residential Mining Trend
The launch comes amid growing interest in home-based Bitcoin mining as enthusiasts seek greater control over their cryptocurrency operations. With Bitcoin’s rise as a mainstream asset, home mining offers both an investment opportunity and a way to contribute to network security.
“We’re seeing significant demand from individuals who want to be more than just Bitcoin investors – they want to be active participants in the network,” added Mr. NG Zhang. “The Avalon Q gives them that opportunity without requiring a dedicated mining facility.”
Availability
The Avalon Q is available for preorder at https://canaan.io/avalonhome and select cryptocurrency mining equipment retailers worldwide. During the preorder period till the end of April, the price for Avalon Q is USD1599, while supplies last.
|
Category |
Specification |
Details |
|
Product |
Product Name |
Avalon Q |
|
Performance |
Hash Rate |
90T±5% |
|
Noise Range |
45-65 dB |
|
|
Power Efficiency |
18.6 J/TH |
|
|
Power Supply |
AC Voltage Input Range |
1674 W, 110V-240 V, AC |
|
Environmental |
Working Temperature |
-5-35 Celsius degree |
|
Size |
Device Dimensions |
455*130.5*440 |
|
Packaging Specifications | |
575*265*580 |
|
|
Weight |
Net Weight |
10.5 kg (prototype) |
|
Gross Weight |
12 kg |
Notes: Specifications are based on prototype measurements and may be subject to slight variations in final production.
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon. With years of experience in the Bitcoin mining ecosystem, Canaan continues to drive innovation in making Bitcoin mining more accessible, efficient, and sustainable.
For more information, visit our website at canaan.io.
Media Contact: pr@canaan-creative.com
Follow us on social media and stay tuned for more updates on Canaan.
Telegram Group Official: https://t.me/Canaanio
X.com: https://x.com/canaanio
YouTube: https://www.youtube.com/@canaan6966
LinkedIn: https://www.linkedin.com/company/canaaninc/
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View original content:https://www.prnewswire.co.uk/news-releases/canaan-unveils-avalon-q-at-mining-disrupt-2025-a-professional-grade-quiet-bitcoin-mining-solution-for-home-use-302413249.html
STOCKHOLM, March 27, 2025 /PRNewswire/ — Nordark’s lending desk has seen over $2.5 billion in demand over the last two quarters. The Swedish crypto banking platform has focused on building out infrastructure and liquidity to satisfy the demand, and has recently secured additional credit facilities for their lending desk, which is now open to institutions globally.
Focused Loan Offering with Advanced Risk Management and Competitive Rates
Nordark’s crypto loan product is built to offer clients efficient access to liquidity with top tier custodian partnerships for collateral custody, and the best rates on the market. Key features include:
Overcollateralized Structure: Loans are secured by digital assets, ensuring that collateral exceeds the loan amount to protect both lender and borrower amid market fluctuations.
Competitive Interest Rates: Nordark offers rates below 10%, providing cost-effective solutions in the competitive digital assets lending market.
Custodian-Segregated Collateral: Collateral is held dormant in segregated, bankruptcy-remote accounts with trusted custodians.
No Rehypothecation: Collateral is held in custody at all times and is at no point used to trade, generate yield, or collateralize further debt.
Upcoming Earn Program
Looking ahead, Nordark will be launching an earn program for clients. This initiative is designed to complement the existing suite of financial products, providing clients with an opportunity to earn competitive returns on their digital assets, while supporting the lending product with capital.
Integrated Digital Ecosystem
Nordark’s broader digital ecosystem integrates comprehensive banking services, a dedicated trading desk, counterparty banking solutions, and in-platform trading. This all-in-one integrated crypto banking solution supports the efficient operation of clients by ensuring seamless management of both conventional and digital assets.
About Nordark
Nordark is an institutional banking platform built exclusively for crypto businesses. It merges traditional fiat banking with deep crypto liquidity. In addition, Nordark provides crypto-backed loans that allow customers to unlock liquidity without selling their digital assets.
For additional information about Nordark’s crypto loan products and upcoming earn program, please visit www.nordark.com.
View original content:https://www.prnewswire.co.uk/news-releases/nordark-reports-2-5-billion-in-demand-for-overcollateralized-crypto-loan-products-302413245.html
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