Fintech PR
RETRANSMISSION: HIVE Increasing Hashpower By 585 PH/s By Buying 6,500 High Performance Bitcoin Miners
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. – October 21, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is excited to announce the purchase of 6,500 next generation Bitcoin miners.
These new machines have an aggregate hash power of 585 Petahash per second (PH/s). The integration of these miners into HIVE’s systems will be made in tranches over the next 130 days. They will be placed in existing facilities, and in our newly constructed data centres at our campus in New Brunswick, Canada.
Next Generation Miner Expansion
This new equipment sourced from a top global manufacturer is expected to be received and in operation by the end of February 2022 in 3 tranches, with 3,000 miners in December 2021, 3,100 miners in January 2022 and 400 miners in February 2022.
At the current difficulty and Bitcoin price these purchased miners will generate approximately an additional 3.7 Bitcoin per day, or equivalent to an additional US$250,000 in daily income, or US$7,500,000 in monthly run rate income. Bitcoin continues to have a daily volatility of plus or minus 6% and investors should be aware of this volatility. It is a high risk, high reward investment.
Frank Holmes, Executive Chairman of HIVE stated “We are pleased to be building on our strategic alliances with leading ASIC manufacturer Canaan to achieve our goals and drive value for our shareholders, with executing on a transaction that increases our cash flow and green mining capacity. Frank continued, “HIVE currently has approximately 1.2 Exahash per second (EH/s) of Bitcoin mining capacity, and with this new purchase, HIVE’s Bitcoin ASIC pipeline will be at 2 EH/s by December 2021, and 3 EH/s by March 2022. In addition to this, we are expanding our current active Ethereum mining capacity from approximately 4,000 Gigahash per second (GH/s), to 6,000 GH/s in new facilities in Sweden.”
This announcement is part of our continuing strategy to increase our bitcoin mining capacity. HIVE intends to continue utilizing cash flow to make opportunistic investments in ASIC and GPU next generation mining equipment that can provide positive gross mining margins to generate the highest cash flow per share returns on invested capital.
HODL Strategy
We continue to HODL our Bitcoin production. This new production along with our monthly deliveries of previously announced miners will quickly accelerate building up our Bitcoin reserves. Presently we hold 1,266 Bitcoin in custodial wallets. Our goal of two Exahash (2 EH/s) of pure Bitcoin mining, without factoring in attractive cash flow from Ethereum production conversion, by the end of this calendar year.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and 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 HODL 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
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 and U.S. 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 but is not limited to, statements with respect to information about the proposed purchase of equipment, including the potential increase in hashpower, the potential for the Company’s long-term growth, and the business goals and objectives of the Company.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the Company may not complete the purchase of equipment as contemplated or at all; the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of the Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.
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 current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); 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 their inherent uncertainty.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100435
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Fintech PR
OMRON and Cognizant Partner to Revolutionize Manufacturing with Unique One-Stop IT-OT Integration
- Balancing economic and social value for the future of manufacturing through advanced technologies.
- Promoting sustainable manufacturing by enhancing workforce efficiency, boosting productivity, and minimizing greenhouse gas emissions.
- Empowering people through data-driven decision making with manufacturing intelligence, AI & automation and digitalization.
STUTTGART, Germany, April 8, 2025 /PRNewswire/ — OMRON Corporation (TSE:6645) and Cognizant (NASDAQ:CTSH) have signed a strategic partnership to integrate Information Technology (IT) and Operational Technology (OT) in the manufacturing industry. The collaboration includes Cognizant being chosen as the engineering partner for OMRON’s Industrial Automation Business (IAB) products.
OMRON, known for its advanced automation technology, and Cognizant, with expertise in IT-OT convergence, will offer a unique, one-stop solution for digital transformation. The partnership combines OMRON’s OT products, such as sensors, controllers, servo motors, safety equipment and robots, with Cognizant’s IT capabilities, including cloud, AI, IoT, and digital twin technologies.
Through this collaboration, the companies provide a distinctive capability to achieve flexible and agile operational excellence. This includes consultancy, on-site implementation, operation, and maintenance. Target sectors for the joint capability include Automotive, Semiconductor, Electronics, Industrial Manufacturing, Life Sciences and Consumer Goods industries.
Combining the capabilities of both companies, OMRON and Cognizant strive to establish a unique business model that addresses on-site and management issues through continuous IT-OT analysis and improvements. This IT-OT integration will leverage both companies’ strengths to help promote sustainable manufacturing, enhancing productivity, improving workforce efficiency and lowering greenhouse gas emissions.
OMRON’s broad product lineup (more than 200,000 SKUs) gathers high-quality field data for Cognizant’s Asset Performance Excellence (APEx) platform and its Industry 4.0/5.0 maturity assessment tool OnePlant™. This data, combined with management information, helps analyze IT-side issues and prioritize improvements from a management perspective. Results can be fed back via OMRON’s control application and the i-BELT data utilization service, working with customers to address on-site challenges linked to management issues in a comprehensive manner.
“OMRON is the only manufacturer of control equipment in the world that owns all the equipment used in the production line. Cognizant, on the other hand, is one of the world’s leading global IT services companies supporting the digital transformation of a wide range of industries with advanced digital technologies such as AI, IoT, and cloud,” said Junta Tsujinaga, CEO of OMRON Corporation. “Through this partnership, we will promote the integration of IT and OT to solve urgent issues faced by manufacturing sites, such as significantly improving productivity, reducing operational losses, and speeding up management decisions. The two companies will work together to promote sustainable cutting-edge manufacturing of the future.”
“Clients are looking for a Strategic Partner with deep industry and domain expertise, end to end capabilities and the ability to manage complex technologies at various layers of digital factory,” said Ravi Kumar S, CEO of Cognizant. “We are excited to partner with OMRON in taking integrated value propositions and capabilities to transform manufacturing for our clients globally. OMRON’s expertise in OT data and systems, combined with Cognizant’s digital manufacturing and IT/OT integration capabilities, will enable manufacturers to make quicker, more reliable decisions using real-time data. Together, we are committed to advancing manufacturing by leveraging emerging technologies and integrating IT and OT systems to realize a state of manufacturing in the future that is connected, intelligent, autonomous, sustainable, and resilient,” he added.
About OMRON Corporation
OMRON Corporation, as a leading automation company with its unique “Sensing & Control + Think” technology at its core, is engaged in control equipment, healthcare, social systems, and electronic components. The company is also developing a data solution business that utilizes a wide variety of data acquired through these businesses. Founded in 1933, OMRON now employs approximately 28,000 people worldwide and provides products and services in more than 130 countries, contributing to the creation of a better society. For more information, https://www.omron.com/jp/ja/ please visit: OMRON Global
About Cognizant
Cognizant (Nasdaq-100: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life.
See how at www.cognizant.com or @cognizant.
For media inquiries, please contact:
OMRON: Global Corporate Communications and Engagement – Ankur Bhat, ankur.bhat@omron.com ; +81-75-344-7175
Cognizant: GlobalPR@cognizant.com
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View original content:https://www.prnewswire.co.uk/news-releases/omron-and-cognizant-partner-to-revolutionize-manufacturing-with-unique-one-stop-it-ot-integration-302423455.html
DUBAI, UAE, April 8, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is spotlighting the power of blockchain for real-world impact with its upcoming livestream, “Bybit x EthicHub x BGA: Invest for impact, earn with DeFi,” in collaboration with EthicHub and Blockchain for Good Alliance (BGA), a collaborative grants initiative to accelerate blockchain projects solving real-world problems.
The livestream airs on April 11 at 1PM UTC, and will unpack how blockchain technology is helping coffee farmers in developing regions access fair financing, build global partnerships, and participate in ethical trade.
EthicHub’s innovative model connects unbanked farmers to global lenders through blockchain-backed loans that are community-audited. Bybit recently pledged $1 million in liquidity to the platform, reinforcing its commitment to real-world impact through Web3.
Key Takeaways from the Livestream:
- How blockchain can close the financial gap for smallholder farmers.
- Why decentralized lending models matter in global agriculture.
- Insights from the full lending ecosystem — including auditors, buyers, and tech enablers.
- A $2,000 prize pool giveaway and live community poll on the role of DeFi in farming.
Featured Speakers:
- Gabriela Chang, Co-Founder & CSO, EthicHub — shares the platform’s mission and success stories.
- Jorge Barrigh, Regional Director, Impact Capital Americas (Heifer International) — discusses how Heifer audits and supports lending partners.
- David Llorens, Head Roaster & Buyer, Animal Coffee and Jaleo — offers a roaster’s view on ethical sourcing and direct trade.
- Glenn, Lead, Blockchain for Good Alliance — highlights how BGA supports impact-driven Web3 projects.
- Moderator: Shadie Berro, Social Media Lead, Bybit.
In a fast-moving Web3 space, this session brings a refreshing focus on real-world utility, social impact, and sustainability. The discussion promises practical examples, candid perspectives, and a deeper understanding of how blockchain can serve communities—not just markets. Viewers can join the discussion in the live chat, and vote in a poll on who benefits more from DeFi lending: farmers or investors.
This initiative is part of Bybit’s broader Blockchain for Good strategy, which incubates and scales projects leveraging Web3 for positive change.
The livestream offers meaningful perspectives for those interested in sustainability, ethical finance, and the global coffee supply chain. Full event details and viewing access are available on the official event page.
#Bybit / #TheCryptoArk / #BGA
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: hello@blockchainforgood.xyz
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-bga-and-ethichub-empower-coffee-farmers-with-blockchain-backed-microloans-302423446.html
- Sopra Steria unveils the latest edition of the Digital Banking Experience Report (DBX)
- The report highlights financial well-being as a business imperative for the banking industry
- With deep expertise in payments, AI, cybersecurity, and Open Finance, Sopra Steria affirms itself as a trusted partner for banks and insurers
PARIS, April 8, 2025 /PRNewswire/ — Sopra Steria, a major player in the European tech sector, has released the 2025 issue of the Digital Banking Experience Report (DBX), which sheds light on how financial well-being is emerging as a key differentiator in the banking industry. Amid economic uncertainty, banks are stepping up to provide customers with digital tools and services that enhance financial security, improve trust, and foster long-term engagement.
The report explores five critical areas shaping the financial sector: payments, cryptocurrencies, generative AI, data protection & privacy, and sustainability. It highlights that while digital transformation continues to accelerate, only 7% of banks report being challenge-free in their digital initiatives, with legacy systems, cyber threats, and regulatory complexities remaining hurdles to overcome.
The 6 Key Findings from the DBX 2025 Report
Financial well-being is a competitive advantage – More than half (52%) of banks are increasing their offering of digital tools and services aimed at helping customers better manage their finances. More mature banks place greater emphasis on financial well-being, integrating technology-driven solutions to enhance customer engagement.
Payments innovations are shaping consumer habits – Digital payments are growing across Europe, with 87% adoption in Germany and Italy. Banks are prioritizing investments in areas like modernising payment infrastructure using cloud-native solutions (66% already have, 32% are planning to do so) and expanding offerings like Buy Now, Pay Later (BNPL) and digital wallets. However, fraud and cybersecurity risks remain a concern, prompting a 10%+ budget increase for risk mitigation.
GenAI will reshape banking experiences
AI is becoming a core component of banking, with 47% of consumers using generative AI tools weekly. Meanwhile, banks are focusing on GenAI, but cautious. They believe the technology can have a big impact on areas like risk management, know-your-customer and anti-money laundering capabilities, delivering personalised experiences at scale, and fraud management. As a result, 61% expect to increase investment in emerging technologies by 10% or more. However, meaningful concerns exist, including how to avoid bias, ensure compliance and security, and minimise data breach and fraud risks.
Logo: https://mma.prnewswire.com/media/1861938/5187382/Sopra_Steria_Logo.jpg
CONTACT: Aurélien Flaugnatti, aurelien.flaugnatti@soprasteria.com
View original content:https://www.prnewswire.co.uk/news-releases/sopra-steria-unveils-financial-well-being-as-a-key-differentiator-in-banking-302423427.html
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