Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Latest News

RETRANSMISSION: HIVE Announces Investment in Titan, Leading Blockchain Software Company

Published

on

Reading Time: 5 minutes

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated February 2, 2021 to its short form base shelf prospectus dated January 27, 2021.

Vancouver, British Columbia–(Newsfile Corp. – December 1, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce its investment in Titan.IO, Inc. (“Titan”), a cutting-edge blockchain software company and the creator of Lumerin, a next generation decentralized mining marketplace where hashpower can be bought and sold using tokens.

Today Titan offers software which helps Bitcoin miners increase their efficiency and scalability at a flat, low cost. It also operates the Titan Mining Pool, which recently surpassed 3 Exahash of Bitcoin mining capacity.

Titan has also announced a disruptive decentralized hashpower routing protocol named Lumerin. The open source Lumerin Protocol is a peer-to-peer solution that enables the exchange of hashpower through smart contracts, making crypto mining hashpower tradable and liquid.

The Lumerin Protocol will allow companies and individuals to buy, sell, and deliver hashpower, achieving decentralization through free market dynamics. Furthermore, the Lumerin Protocol will make Bitcoin hashpower a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital and hedging strategies.

The investment in Titan has been structured as a share exchange where HIVE will issue to Titan securities consisting of shares and warrants having a value of USD $5 million at CAD $6/share, the same terms as the recently-announced private placement. Titan will issue to HIVE common shares in an amount representing 10% of the outstanding equity of Titan. The transaction is pending TSX Venture Exchange approval.

Other investors in Titan include Coinbase Ventures and Fenbushi Capital.

HIVE’s investment in Titan will mark the Company’s fourth equity investment of the year. Previous investments include DeFi Technologies, Network Media Group, and a seed investment in Tokens.com.

HIVE Executive Chairman Frank Holmes strongly endorses the Titan team, stating: “We’re backing an extremely strong technological team at Titan, led by expert 15-year veteran software coder CEO Ryan Condron. We were also impressed by Matthew Roszak, co-founder and chairman of Bloq, a leading enterprise software blockchain company. And co-founder Jeff Garzik was an early Bitcoin core developer. HIVE wants to participate in growth in the blockchain ecosystem such as mining software, transparent pools and innovative new tokens, and this is another strategic way to do that. We look forward to working with Titan to capture new opportunities as Bitcoin mining power shifts from China to North America.”

Ryan Condron, Titan’s CEO and Co-Founder, echoed Frank’s sentiment. “We’re very excited to be partnering with HIVE. We founded Titan in order to maximize the optimization and decentralization of mining at any scale. In that journey, we have greatly appreciated HIVE’s expertise and leadership in the mining space. We look forward to working with them to maximize mining efficiency and transform hashpower into a global tradeable commodity using the Lumerin Protocol.”

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a 100% green energy focus and an ESG strategy.

HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HOLD both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE traded over 2 billion shares in 2020.

We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.

On Behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman

For further information please contact:
Frank Holmes
Tel: (604) 664-1078

About Titan

Titan provides powerful software and services for crypto mining at scale and now offers the first enterprise-grade mining pool. The Lumerin Protocol is a peer-to-peer solution that makes Bitcoin hashpower a tradable, liquid financial asset, unlocking mining profitability and providing greater access to capital. Titan was founded in September 2018 by Ryan Condron, Jeff Garzik, and Matthew Roszak. For more information, please visit Titan.io and Lumerin.io and follow us on Twitter at @Titan_Mining.

For further information please contact:
Lewis Farrell
[email protected]
(650) 485-9912

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

Forward-Looking Information

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the outcomes of the strategic investment in Titan.io; potential for the Company’s long term growth; the business goals and objectives of the Company, and other forward-looking information includes but is not limited to information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, if the strategic investment with Titan.io is not as successful as the Company hopes that it will be; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Filing Statement of the Company dated and other documents disclosed under the Company’s filings at www.sedar.com.

This news release also contains “financial outlook” in the form of gross mining margins, which is intended to provide additional information only and may not be an appropriate or accurate prediction of future performance and should not be used as such. The gross mining margins disclosed in this news release are based on the assumptions disclosed in this news release and the Company’s Management Discussion and Analysis for the fiscal year ended March 31, 2021, which assumptions are based upon management’s best estimates but are inherently speculative and there is no guarantee that such assumptions and estimates will prove to be correct.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to realize operational efficiencies going forward into profitability; profitable use of the Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital currencies and the ability of the Company to mine digital currencies will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106064

Powered by WPeMatico

Latest News

China-France forum underscores people-to-people, cultural exchanges

Published

on

PARIS, May 5, 2024 /PRNewswire/ — A forum on the development of people-to-people and cultural exchanges between China and France was held here on Saturday, in a bid to boost cooperation and mutual learning.

 

President of Xinhua News Agency Fu Hua attends a forum on the development of people-to-people and cultural exchanges between China and France and delivers a speech, in Paris, France, May 4, 2024. (Meng Dingbo)

 

Chinese Ambassador to France Lu Shaye, speaks at a forum on the development of people-to-people and cultural exchanges between China and France, in Paris, France, May 4, 2024. (Lian Yi)

The participants agreed that strengthening cultural exchanges and cooperation between China and France will not only help broaden consensus and deepen mutual trust, but also promote the two great civilizations and other civilizations worldwide to achieve each other and to rejuvenate with fresh vitality in the new era.

This year marks the 60th anniversary of the establishment of diplomatic relations between China and France and is also the China-France Year of Culture and Tourism.

In his opening speech, President of Xinhua News Agency Fu Hua said the forum, held on the eve of Chinese President Xi Jinping’s state visit to France, is of great significance in boosting cooperation between media, think tanks and enterprises from the two countries and in facilitating cultural exchange and mutual learning.

Fu said that Xinhua has been dedicated to telling stories about the friendship between the two countries and promoting Chinese and French cultures.

“We are willing to work with Chinese and French media outlets, think tanks and other organizations to uphold the principle of equality, mutual learning, dialogue and inclusiveness among civilizations, and promote the common values of all humanity,” he said.

Xinhua is ready to jointly showcase the fruits of China-France cooperation, demonstrate the charms of the two countries’ traditional cultures and the unique highlights of their modern civilizations, and broaden the bridge of people-to-people exchange and cultural cooperation, Fu noted.

Xinhua also stands ready to seize such opportunities as the China-France Year of Culture and Tourism and the Paris Olympic Games to try to hold more cultural exchange activities to push bilateral relations to a new high.

China’s Ambassador to France Lu Shaye said people-to-people and cultural exchanges are an important foundation and inexhaustible driving force for China-France relations.

The two countries are set to launch dozens of cultural and tourism events this year that marks the 60th anniversary of diplomatic ties and the China-France Year of Culture and Tourism, and will see the Paris Olympic Games, bringing important opportunities for people-to-people and cultural exchanges, the ambassador said.

Lu also expressed his belief that under the strategic guidance of President Xi and President Macron, bilateral ties are bound to show vigor and vitality in the future, and the booming cultural exchanges and cooperation will also lay a more solid public opinion foundation for the sound and stable development of bilateral ties.

“Culture constitutes the strongest cement between our civilizations,” Eric Alauzet, president of the France-China Friendship Group of the French National Assembly, said at the forum.

The common history of the two countries after the establishment of diplomatic ties has nourished fruitful cultural and people-to-people exchanges, which has in turn driven cooperation and development in other areas, he said.

Bilateral cooperation has achieved many outcomes in economy and trade, and in their joint efforts against climate change, Alauzet added, noting that the two countries have held various cultural exchange activities this year, which will further push forward bilateral relations.

Saturday’s forum is co-sponsored by Xinhua News Agency, the Chinese Embassy in France, and Publicis Groupe, a French multinational advertising and public relations company.

Themed “Reinforcing People-to-people and Cultural Exchanges, Promoting the China-France Spirit,” the forum drew around 250 representatives from the Chinese and French governments, the United Nations and other international organizations, mainstream global media outlets, think tanks as well as cultural and business circles of the two countries.

Prior to the opening of the forum, Xinhua News Agency signed a memorandum of understanding with Publicis Groupe.

Photo – https://mma.prnewswire.com/media/2404842/A_forum_development_people_to_people_cultural_exchanges_China_France_held_InterContinental.jpg
Photo – https://mma.prnewswire.com/media/2404843/President_Xinhua_News_Agency_Fu_Hua_attends_a_forum_development.jpg
Photo – https://mma.prnewswire.com/media/2404844/1.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/china-france-forum-underscores-people-to-people-cultural-exchanges-302136213.html

Continue Reading

Latest News

QNB Group appoints prominent actor Ahmed Helmy as Brand Ambassador

Published

on

DOHA, Qatar, May 4, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, is proud to announce the signing of renowned actor Ahmed Helmy as its new brand ambassador.

The announcement comes in line with the Group’s vision and the values of innovation and excellence reflected by its brand. Ahmed Helmy, one of the most influential artists of his generation in the region and humanitarian and artistic commitment, making him the ideal ambassador to consolidate brand values and contribute to the Group’s efforts to build a better future for all.

In his new role, Ahmed will strengthen the Bank’s image as a leading financial institution committed to providing the best customer experience, attracting a new customer base, supporting the Group’s vision and brand and building customer relationships.

Commenting on the announcement, Ms. Heba Ali Al Tamimi,  Senior Executive Vice President, QNB Group Communications, said: “We are delighted to welcome Ahmed Helmy as our brand ambassador. His exceptional career makes him the right personality to represent our brand. We hope that this collaboration will support QNB Group’s commitment to providing the best innovative solutions and services, reinforcing our position as a leading financial institution, while making a lasting impact in the communities in which we operate and strengthening the QNB’s position as a trusted financial partner in the region.”

This partnership reflects the shared values of Ahmed Helmy with QNB, a banking icon committed to the highest standards of innovation, excellence and success.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group’s presence spans more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 30,000, operating from approximately 900 locations, with an ATM network of 5000 machines.     

Photo – https://mma.prnewswire.com/media/2404804/QNB_Group.jpg
Logo – https://mma.prnewswire.com/media/1917328/4687801/QNB_Group_Logo.jpg

QNB Group Logo

Cision View original content:https://www.prnewswire.co.uk/news-releases/qnb-group-appoints-prominent-actor-ahmed-helmy-as-brand-ambassador-302136122.html

Continue Reading

Latest News

REALTY ONE GROUP CELEBRATES 19TH ANNIVERSARY WITH GLOBAL ‘ONE DAY’ OF VOLUNTEERING & GIVING BACK

Published

on

Food Banks, Children, Veterans, Pets and Many More Benefit from the Global Franchisor’s Charitable ONE Day

LAGUNA NIGUEL, Calif., May 3, 2024 /PRNewswire/ — Realty ONE Group International, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors in the world, celebrate its May 1st anniversary – this year marks 19 years – with a day of volunteering and giving back across the globe. The ONE Family of U.S. real estate professionals from coast to coast as well as offices and affiliates in 20 more countries, generously donated thousands of hours on Wednesday helping children, veterans, food banks, pets and so many more.

Being a part of our ONE Family means we are driven to make a positive impact in our communities, helping each other whenever and wherever we can,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group International. “Giving back is in our DNA because we know that ONE act of kindness can change a life!”

The internet was flooded Wednesday with images of Realty ONE Group agents and entire offices handing out food, repairing homes, collecting backpacks, and serving in so many other ways. In less than 24 hours, with more locations still submitting volunteer impact forms, the franchisor impacted over 334,000 lives and donated more than $60,000 in just this ONE day.

Realty ONE Group’s ONE Cares, the 501(c)3 charitable arm of the organization, drives the ‘Community’ in the franchisor’s 6C’s values which also include Connect, Cares, Coaching, COOLTURE, and Commission. In 2023, the global franchisor transformed more than 200,000 lives.

Realty ONE Group International claimed the No. 1 spot for real estate franchisors for the third year in a row on Entrepreneur’s highly competitive 2024 Franchise 500® list. The only modern, lifestyle brand in the industry now has more than 19,000 real estate professionals in more than 400 locations in 49 U.S. states, Washington D.C. and 20 more countries and territories.

Learn more at www.OwnAOne.com.

About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 19,000 real estate professionals in over 400 locations across 20 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

Logo – https://mma.prnewswire.com/media/260011/realty_one_group___logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/realty-one-group-celebrates-19th-anniversary-with-global-one-day-of-volunteering–giving-back-302135670.html

Continue Reading

Trending