News Release
HIVE Digital Technologies on green bitcoin mining & AI pivot | Crypto Round-Up
HIVE Digital Technologies
HIVE Digital Technologies, a prominent Bitcoin miner is at the forefront of the Bitcoin mining sector with operations in Sweden and Iceland. Frank Holmes, co-founder and chairman of HIVE, emphasised the role of Bitcoin in the digital financial transformation, highlighting the significant inflows into Bitcoin ETFs such as those from VanEck and BlackRock. Holmes underscored the decentralised nature of the Bitcoin ecosystem, powered by 17,000 nodes worldwide, offering transaction validation at a fraction of traditional banking costs. He discussed the upcoming Bitcoin halving in April, its implications for the mining sector, and Hive's commitment to mining "green coins" using renewable energy sources. Despite challenges from the discontinuation of Intel's ASIC chips for Bitcoin mining, Hive remains innovative, focusing on energy efficiency and high-performance computing (HPC) to pivot towards AI and other high-margin business models. With Ethereum's shift away from mining, Hive is adapting by expanding its AI capabilities and hedging strategies to maintain profitability. Holmes also highlighted Hive's significant Bitcoin holdings and their strategies for managing market volatility. The conversation touched on regulatory perceptions in Sweden and Iceland, Hive's operational efficiencies, and the broader implications of Bitcoin's decentralisation amidst increasing institutional investments. Finally, Holmes shared insights into the current Bitcoin market dynamics and the potential for Bitcoin as a hedge against inflationary pressures, comparing its investment appeal to that of gold. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:06 AM Eastern Standard Time
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HIVE Digital Technologies secures 1,000 New Energy Efficient Bitmain S21 Antminers to increase HODL
HIVE Digital Technologies
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive and shared significant updates regarding the company's Bitcoin mining operations. He announced the purchase of 1,000 Bitmain S21 Antminers, which will add 200 petahash per second of high-efficiency Bitcoin mining capacity to the company's operations. The S21 Antminer is recognized as one of the newest and most efficient Bitcoin mining ASIC systems, boasting a remarkable energy efficiency of 17.5 joules per terahash. Additionally, Daubaras disclosed that Hive Digital Technologies has further strengthened its position by accumulating 2,070 Bitcoin on its balance sheet as of February 21, 2024. This proactive approach aligns with the company's strategic preparation for the upcoming Bitcoin Halving event, expected in late April 2024. Rather than expanding its physical footprint, the company has opted to upgrade its mining fleet with the latest and most efficient machines available. This strategic decision aims to lower the average costs of Bitcoin production and enhance operational efficiency. By upgrading to the S21 Antminers, Hive Digital Technologies plans to increase its target Exahash from 5.3 EH/s to 5.5 EH/s by the end of June 2024, leveraging its 140 MW of operating infrastructure globally. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
February 28, 2024 07:04 AM Eastern Standard Time
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News Release
Trust Stamp flags Trojan impacting 3rd party biometric systems on iOS
T Stamp Inc
Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to issue a warning to financial institutions and their customers regarding the emerging dangers posed by Trojans targeting bank accounts. One such newly discovered Android Trojan, dubbed "GoldDigger," has raised concerns among cybersecurity experts. Furthermore, Group-IB's threat intelligence unit identified a cluster of aggressive banking Trojans, including GoldPickAxe, which is the first known iOS Trojan designed to harvest facial biometric data for unauthorized access to bank accounts. Francis emphasized the importance of safeguarding biometric data in light of rapidly evolving attacks like these Trojans. He highlighted Trust Stamp's revolutionary Stable IT2 TM technology and biometric multi-factor authentication, which do not store or retain any biometric data on vulnerable devices. Additionally, no identifying data is stored on the user's device. This biometric cryptographic system offers authentication without leaving behind any biometric breadcrumbs that could be exploited by cybercriminals. By combining biometric multi-factor authentication with device authentication, Trust Stamp disrupts the transaction flow used by attackers behind these Trojans. This approach not only utilizes biometric authentication with proof of life but also ensures that the user is in possession of the authorized device, thereby enhancing security and mitigating the risks associated with such attacks. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 07:01 AM Eastern Standard Time
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Forte Minerals hits key milestone with first ESG report on Mining in Peru
Forte Minerals Corp.
Forte Minerals CEO Patrick Elliott joined Steve Darling from Proactive to share news about the company's publication of its initial Environmental, Social, and Governance (ESG) report. This significant milestone demonstrates Forte Minerals' dedication to sustainable exploration and mining practices and underscores its commitment to responsible operations. Elliott highlighted that the pillars of the ESG report emphasize the company's commitment to sustainability, which begins during the exploration phase and lays the groundwork for responsible growth. As an exploration company, Forte is focused on implementing strategic measures to manage and mitigate environmental impacts as it progresses. Furthermore, the report underscores Forte Minerals' social responsibility efforts in Peru, where the company has had a longstanding presence for over 15 years. This engagement highlights the company's dedication to fostering local development, enhancing community engagement, and ensuring equitable practices. In addition to environmental and social aspects, the ESG report also elaborates on Forte Minerals' governance structure, emphasizing ethical conduct, anti-corruption measures, and the promotion of diversity and inclusion. Elliott emphasized that this report showcases the company's commitment to ethical exploration and mining practices, offering a transparent overview of its governance practices and dedication to community engagement and sustainability. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:58 AM Eastern Standard Time
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Tonix Pharmaceuticals drug TNX-102 SL gets FDA ok for US Department of Defense funded trial
Tonix Pharmaceuticals
Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to share significant news regarding the company's latest development: the clearance of the Investigational New Drug application by the U.S. Food and Drug Administration for the Phase 2 investigator-initiated OASIS trial. This trial aims to evaluate the efficacy of TNX-102 SL in reducing the severity of acute stress reaction and the frequency of acute stress disorder and post traumatic stress disorder. Dr. Lederman explained that the trial is sponsored by The University of North Carolina Institute for Trauma Recovery and is supported by a substantial 3 million dollar grant from the U.S. Department of Defense. The primary objective of the trial is to assess the safety and efficacy of TNX-102 SL in mitigating adverse posttraumatic neuropsychiatric effects among patients who present to the emergency department following a motor vehicle collision. The trial is expected to enroll approximately 180 trauma survivors across various emergency department study sites throughout the United States. Participants will be randomly assigned to receive either TNX-102 SL 5.6 mg or a placebo for a two-week course. Notably, there is currently a lack of medication available at or near the point-of-care to effectively address the needs of patients suffering from traumatic events and support their long-term health. This development underscores Tonix Pharmaceuticals' commitment to addressing unmet medical needs in the field of trauma recovery and psychiatric disorders. With the initiation of the OASIS trial, the company aims to contribute to the advancement of treatment options for individuals experiencing acute stress reactions and related neuropsychiatric sequelae following traumatic events. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:56 AM Eastern Standard Time
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Tonix Pharmaceuticals' Fibromyalgia Trial Shows Promising Results in Webinar Presentation
Tonix Pharmaceuticals
Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to share positive Phase 3 data on Tonmya, also known as TNX-102 SL, for the management of fibromyalgia, and discussed the company's plans to file for FDA approval in the second half of 2024. Dr. Lederman highlighted that Tonmya, a centrally acting, non-opioid, non-addictive bedtime medication, showed promising results in the RESILIENT Phase 3 study. The study met its pre-specified primary endpoint by significantly reducing daily pain compared to placebo in participants with fibromyalgia. Additionally, significant improvements were observed in key secondary endpoints related to sleep quality, fatigue reduction, and overall fibromyalgia symptoms and function. Based on these positive results, Tonix Pharmaceuticals plans to submit a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in the second half of 2024 for Tonmya for the management of fibromyalgia. The company hosted a webinar featuring key opinion leaders in fibromyalgia, highlighting the significance of the trial results. Interested individuals can access the webinar through Tonix Pharmaceuticals' website or the accompanying press release. Led by renowned experts like Professor Leslie Arnold and Professor Dan Clau, the webinar offers valuable insights into the treatment landscape for fibromyalgia. Tonix Pharmaceuticals remains committed to advancing innovative solutions for fibromyalgia and improving patient outcomes. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
February 28, 2024 06:54 AM Eastern Standard Time
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Tower Resources maintains 2025 target for first oil from Thali licence in Cameroon
Tower Resources PLC
Tower Resources Plc Chairman and CEO Jeremy Asher joined Steve Darling from Proactive to share significant updates regarding the company's operations in Cameroon. Tower Resources has received formal notification from the Minister of Mines, Industry, and Technological Development in Cameroon regarding the extension of the First Exploration Period of the Thali production-sharing contract until 2025. Asher explained that the company's primary obligation during this extended period is the drilling of a single well, which Tower intends to fulfill through the drilling of the NJOM-3 well. Tower Resources is actively engaged in discussions with multiple parties regarding asset-level financing for the NJOM-3 well. The company has already contracted the Norve jack-up rig with Borr Drilling for this purpose. According to Borr Drilling's latest advice, the Norve rig is expected to be mobilized to Cameroon between June and August 2024, subject to existing contractual commitments. In Namibia, comprehensive analysis of potential structures, including stratigraphic traps, is underway, with plans for 3D seismic acquisition. Asher expressed optimism for a transformative year in 2024, indicating a busy period ahead for the company. Stay tuned for more updates as Tower Resources progresses with its exploration activities. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com
February 28, 2024 06:38 AM Eastern Standard Time
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Bitget Lists QnA3.AI ($GPT) to Empower Web3 Knowledge and Trading
Bitget
Bitget, the world's leading cryptocurrency exchange and Web3 company, has announced the inclusion of QnA3.AI ($GPT) in its Innovation and AI Zone. This pioneering initiative marks a significant milestone in the integration of artificial intelligence with blockchain technology, offering unprecedented opportunities for Web3 users. QnA3.AI stands at the forefront of the AI-powered Web3 knowledge engines and is an intent-centric trading platform that leverages the vast potential of AI to provide innovative solutions within the crypto domain. As the largest application combining AI and Crypto, QnA3.AI is designed to cater to the extensive needs of Web3 users, featuring a unique blend of services including a crypto-oriented ChatGPT, intent-centric trading, and DePIN Innovation. This integration not only enhances user experience but also fosters an environment of growth and innovation within the Web3 ecosystem. Gracy Chen, Managing Director of Bitget, states: "Bitget is committed to fostering the development of diverse blockchains and ecosystems, and the inclusion of QnA3.AI is a testament to our dedication towards this goal. With this listing, Bitget reaffirms its position as a trailblazer in the crypto exchange domain, continually seeking innovative solutions to enhance user engagement and satisfaction. This strategic move by Bitget is expected to attract a wider audience of crypto enthusiasts and traders, eager to explore the synergies between AI and blockchain." Bitget has consistently expanded its market presence in both spot and derivatives trading within centralized exchanges. In 2023 alone, the platform introduced over 350 new listings, showcasing its dedication to diversifying the digital assets available in its spot market. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between 40 mainnets. For more info, users can visit: https://www.bitget.com/support/articles/12560603805888 About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/
February 28, 2024 06:37 AM Eastern Standard Time
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News Release
Bitget Launches Blockchain4Youth Campus Roadshow in Philippines
Bitget
Bitget, the world's leading cryptocurrency exchange and Web3 company, has launched a series of campus roadshows under the Blockchain4Youth $10M initiative. The educational drive spans from colleges to specialization institutions where Bitget will spread awareness around the transformative technology of crypto and blockchain. The event kickstarted its first roadshow with the University of Perpetual Help System in Laguna on 14th February 2024. It witnessed participation from over 200 students enrolled in Computer Science and Information Technology programs. The roadshow is designed to encourage youth to begin their web3 careers and broaden their technological expertise through the Blockchain4Youth initiative. Bitget is focused on bringing emerging technologies and their real-life use-cases to students enriching their academic experiences. From blockchain development to applications and entrepreneurship, the students are provided with detailed workshops and collaborative opportunities. To support and strengthen this educational drive, Blockchain4Youth will enable students with blockchain applications, crypto overview, and a playground to land internships in WEB3 companies in the Philippines. Opening up avenues for students' careers in the revolutionary fintech space, Bitget plans to spread awareness and mass adoption of blockchain throughout the region with a core focus on supporting students pursuing technology-related academics. "Bitget plans to enable students with better access to blockchain education and a playground to pursue it. There's a growing demand for highly equipped blockchain and crypto professionals, and we're constantly cultivating talents for the future development of the whole ecosystem. We're constantly looking out to educate and fund emerging ideas from the youth." said Gracy Chen, Managing Director at Bitget. The event featured speakers such as Ben Joseph Banta - CEO of Ranida Games, Isaeus Gulang - Founder of AWS Cloud Club Philippines, Eli Becislao - Managing Director of THE BLOKC, Armielyn Obinguar - Technology Director at Cloud Ace Philippines, Eliezer Rabadon, CEO of DVCode Technologies, Athena Abe - KCH Coach at PAR Technology, along with Bitget's team members Jose Antonio and Marc Castro. Blockchain4Youth is built on Bitget's fundamental philosophy of driving Web 3 adoption and inspiring individuals to embrace crypto and blockchain. Bitget believes that a blockchain-based future is crucial for catalyzing new solutions that drive acceptance and encourage people to embrace this new world. Bitget recognizes that the younger generation is key to promoting these ideas and aims to help them become proactive leaders. Phillippines stands as one of the top crypto adoption markets with significant growth driven by a combination of government support, innovative startups, and a community of developers and enthusiasts. With crypto-friendly regulations, the Philippines is currently emerging as a top crypto hub; at Bitget, the goal is to accelerate this ongoing adoption and provide youth with the means to learn and grow. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/
February 28, 2024 06:26 AM Eastern Standard Time
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