Fintech PR
Independent Proxy Advisory Firm Glass Lewis Recommends Hut 8 Shareholders Vote for Merger of Equals with US Bitcoin Corp
Votes must be received no later than 4 p.m. ET September 8, 2023
TORONTO, Aug. 30, 2023 /PRNewswire/ — Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), (“Hut 8” or the “Company“) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure providers, announced today that Glass Lewis & Co. (“Glass Lewis“), the second-largest American proxy advisory services company in North America, has recommended that Hut 8 shareholders vote in favour of the resolutions approving the proposed business combination (the “Transaction“) with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC“).
The recommendation comes as Hut 8 continues to make progress on the Transaction, pursuant to which Hut 8 and USBTC will combine in an all-stock merger of equals. The combined company will be named Hut 8 Corp. (“New Hut“) and will be a U.S.-domiciled entity. New Hut intends to list its shares on Nasdaq and the TSX under the trading symbol “HUT” following the completion of the Transaction, subject to the approval of Nasdaq and the TSX. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.
New Hut’s combined balance sheet is expected to provide New Hut with greater financial stability, enhance its ability to navigate market cycles and increase its ability to expand and invest in new opportunities.
This recommendation follows Institutional Shareholder Services Inc., the world’s leading provider of corporate governance and responsible investment solutions, recommending that Hut 8 shareholders vote in favour of the resolutions. The details of that announcement can be found here.
“As we continue to make progress toward closing the Transaction with USBTC, we are very pleased that Glass Lewis has recommended Hut 8 shareholders vote in favour of all resolutions to establish New Hut,” said Jaime Leverton, CEO of Hut 8. “With the two top proxy advisory firms in North America advising shareholders to approve this merger, we look forward to completing this Transaction and forming a strengthened, dynamic business backed by both Bitcoin and fiat revenues generated from robust North America-wide operations.”
The completion of the Transaction is subject to certain conditions, including the receipt of the requisite approval from the shareholders of Hut 8 and the stockholders of USBTC, the final order of the Supreme Court of British Columbia at an application which is scheduled for September 15, 2023, USBTC’s registration statement becoming effective, and other closing conditions customary in transactions of this nature. If all necessary approvals are obtained and the conditions to the completion of the Transaction are satisfied or waived, it is currently anticipated that the Transaction will be completed by September 30, 2023.
All shareholders of record have been sent their confidential control number by mail. Any shareholders who have any questions, or who have not received their control number should contact our proxy solicitation agents, Alliance Advisors, at 1-888-511-2641 toll free in North America or by email at [email protected].
Shareholders can vote in the following ways:
- Online at proxyvote.com using the control number sent to the shareholder address on file
- By telephone at 1-800-474-7493 (English) or 1-800-474-7501 (French)
- By mail by returning the voting instruction form that has been sent to the shareholder address on file
If you are an institutional Hut 8 shareholder, and have any issues or questions, contact Morrow Sodali at 1-888-777-2059 toll free in North America, outside of North America call collect 1-289-695-3075 or by email at [email protected].
Through innovation, imagination, and passion, Hut 8’s seasoned executive team is bullish on building and operating computing infrastructure that powers Bitcoin mining, traditional data centres, and emerging technologies like AI and machine learning. Hut 8’s infrastructure portfolio includes seven sites: five high performance computing data centres across British Columbia and Ontario that offer cloud, co-location, managed services, A.I., machine learning, and VFX rendering computing solutions, and two Bitcoin mining sites located in Southern Alberta. Long-distinguished for its unique treasury strategy, Hut 8 has one of the highest inventories of self-mined Bitcoin of any publicly-traded company globally. Follow us on X (formerly known as Twitter) at @Hut8Mining.
This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company’s businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements with respect to the expected outcomes of the Transaction, including the combined company’s assets and financial position; the ability of Hut 8 and USBTC to complete the Transaction on the terms described herein, or at all, including, receipt of required regulatory approvals, shareholder approvals, court approvals, stock exchange approvals and satisfaction of other closing customary conditions.
Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin network, further development and acceptance of the Bitcoin network, changes to Bitcoin mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to digital asset exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of digital assets, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, failure to achieve intended benefits of power purchase agreements, potential for interrupted delivery, or suspension of the delivery, of energy to the Company’s mining sites, and other risks related to the digital asset and data centre business. For a complete list of the factors that could affect the Company, please see the “Risk Factors” section of the Company’s Annual Information Form dated March 9, 2023, and Hut 8’s other continuous disclosure documents which are available on the Company’s profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission’s website at www.sec.gov.
Hut 8 Investor Relations: Sue Ennis, [email protected]; Hut 8 Media Relations: Erin Dermer, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/independent-proxy-advisory-firm-glass-lewis-recommends-hut-8-shareholders-vote-for-merger-of-equals-with-us-bitcoin-corp-301913506.html
PORT VILA, Vanuatu, Jan. 10, 2025 /PRNewswire/ — Vantage Markets, a leading multi-asset trading platform, is set to make a significant impact at the upcoming iFX EXPO Dubai 2025, scheduled for January 14-16 at the Dubai World Trade Centre. As an Elite Sponsor, Vantage is poised to showcase its latest innovations and commitment to empowering traders worldwide.
In a recent exclusive interview, Souhail Fadlallah, Business Development Manager at Vantage, shared insights into the company’s objectives for the expo and the value it aims to deliver to attendees.
Fadlallah emphasized Vantage’s dedication to providing traders with tools and resources designed to enhance their trading experience. Attendees visiting Vantage’s booth can expect to discover the latest advancements in trading platforms, including features aimed at streamlining user experiences and optimizing performance.
Beyond technology, Vantage is committed to offering advanced educational resources. Fadlallah highlighted the company’s suite of learning tools that provide traders with valuable insights and training materials to sharpen their skills and achieve success in the financial markets. Additionally, Vantage’s robust affiliate and partner programs are designed to drive mutual growth and success, reflecting the company’s dedication to creating value for its partners.
For Vantage, participation in iFX EXPO Dubai 2025 is about more than showcasing its offerings; it’s about building trust and fostering meaningful connections. Fadlallah stated, “We want attendees to leave iFX EXPO Dubai with the clear message that Vantage is more than just a trading platform. We’re a partner deeply committed to innovation, transparency, and the success of all our clients.”
Vantage invites all attendees to visit their booth at the iFX EXPO Dubai 2025 to explore their offerings and engage with their team of experts. The event promises to be a hub of innovation, insights, and empowerment in trading.
For more information about Vantage and their participation in iFX EXPO Dubai 2025, visit Vantage Markets.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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View original content:https://www.prnewswire.co.uk/news-releases/vantage-to-showcase-innovation-at-ifx-expo-dubai-2025-302347838.html
Fintech PR
AZZURRI GROUP LAUNCHES ITS 2024 SUSTAINABLE DINING REPORT AND ACHIEVES FURTHER REDCUTIONS IN CARBON EMISSIONS
- Market-leading operator of ASK Italian, Zizzi and Coco di Mama launches third annual Sustainable Dining Report revealing it reduced its GHG emissions intensity by 7% in 2024 which was delivered against an expanding restaurant portfolio
- Reduction in operational emissions driven by 1.3 million kHh less electricity consumed, equivalent to serving 1.9 million pizzas annually
- Partnering with like-minded suppliers delivered carbon reductions in the Group’s value chain, for instance, the introduction of Wildfarmed flour at ASK Italian helped cut the business’ dough footprint by 50%
- Amidst a period of growth, the Group opened three more SKA Gold certified restaurants, ensuring key sustainability metrics are met when opening and refurbishing restaurants across the portfolio
- The Group also continues to be invested in supporting communities by donating and redistributing over 250,000 meals to local communities since 2022
LONDON, Jan. 10, 2025 /PRNewswire/ — Azzurri Group, the hospitality platform investing in leading businesses including ASK Italian, Zizzi and Coco di Mama, today launches its fourth annual Sustainable Dining Report.
During FY24, the company delivered a strong financial performance, opening additional restaurants, expanding retail offerings and growing its portfolio with Boojum, Dave’s Hot Chicken and Openr.
During this period of growth, Azzurri Group achieved a reduction in total carbon emissions across its core businesses. This reduction was achieved both in absolute terms and an even greater intensity reduction of 7% (tCO2e/ £1m turnover), building on last year’s reported year-on-year reductions of 9.7%. This progress demonstrates Azzurri’s commitment to becoming a net zero business by 2040 and a reflection of how the business is integrating responsible stewardship at every level of its operations.
Restaurants are continuously monitored and incentivised on energy efficiency. Innovative behavioural campaigns were at the heart of the electricity reduction achieved in FY24. The Group also continues to work on its Scope 3 emissions hot spots and to devise strategies to reduce related emissions by constantly reviewing food offering and partnering with like-minded businesses. ASK Italian’s partnership with regenerative flour producer Wildfarmed is an example of a collaboration that allows the brand to offer a fantastic tasting product while reducing carbon emissions.
Linking performance with lower carbon emissions is also key to the Group’s design and construction strategy. The Group has opened three more sites with a SKA-Gold certification, a rigorous third party verified assessment aiming to promote environmental best practices within building fitouts. Zizzi Bridgend, Ask Italian Merry Hill and Zizzi Chatham were amongst the latest to achieve the accolade.
The Group also remains focussed on our communities. It made fast progress on its goal of donating half a million meals by 2030, already having donated and redistributed over 250,000 meals since 2022. This has been possible thanks to a range of strategies, such as Coco Di Mama’s committed to redistributing surplus food with food banks with Olio’s support and Ask Italian’s donations to FareShare and local food banks.
The 2024 Sustainable dining report captures the above and shares further details on the Group’s progress against its Responsible Business Goals and how these contribute to wider topics, such as the United Nation’s Sustainable Development Goals.
Steve Holmes, Chief Executive Officer of Azzurri Group, commented:
“Since we defined our purpose, mission and values back in 2021, our commitment to being a more sustainable business has grown year on year.
I am proud to see our teams lead with collaboration, innovation and dedication, embedding ESG into their day-to-day operations. This approach has meant sustainability is now woven into our decision making and the way we operate. Ultimately, this has strengthened our business, making us more resilient and more adept at building better food businesses.
I’m grateful to our teams who have embraced the opportunity to be a better business for our people and planet. Whether it’s through the 500 volunteer hours we have contributed since 2021, or our collective efforts to reduce carbon emissions across operations and supply chains, our teams have risen to the challenge to make sustainability happen across our business.”
View original content:https://www.prnewswire.co.uk/news-releases/azzurri-group-launches-its-2024-sustainable-dining-report-and-achieves-further-redcutions-in-carbon-emissions-302347377.html
Fintech PR
Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.
The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.
Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.
The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.
“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”
View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html
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