Latest News
HIVE Announces Investment in Titan, Leading Blockchain Software Company
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/106062
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Thunes, a global cross-border payments network, is expanding its presence in the United States with the acquisition of Tilia Inc
B2B payments infrastructure company Thunes has inked a definitive agreement to acquire Tilia, a move aimed at propelling its expansion into the US online gaming sector.
Established in 2019, Tilia specializes in offering acceptance and payout services for in-app purchases, creator economies, online games, and virtual worlds.
Upon finalization of the agreement, Thunes will harness Tilia’s technology to provide acceptance services for major payment networks, including American Express, JCB, MasterCard, UnionPay, and Visa, to its clientele.
Furthermore, with Tilia holding licenses in 48 US states and territories, Thunes aims to extend its network reach across the US. Thunes boasts facilitating real-time acceptance and payments through billions of bank accounts, 550 alternative payment methods (APMs), and three billion digital wallets.
Following the acquisition, Tilia will be rebranded as Thunes and continue its operations from its San Francisco headquarters.
As part of the deal, Thunes and Linden Research (Linden Lab), the majority owner of Tilia, have forged a five-year partnership. Under this collaboration, Thunes will provide Linden Lab with its payment processing and payout solutions, enabling gamers to make real-time payments.
Floris de Kort, CEO of Thunes, underscores the company’s ambition in the US market, highlighting the investment in Tilia’s capabilities to provide merchants with direct money movement solutions in and out of the United States. Moreover, de Kort anticipates Tilia’s expertise in token-based payments, online gaming, and virtual worlds to expedite Thunes’ growth in these dynamic sectors.
Brad Oberwager, CEO of Linden Lab, anticipates the acquisition to offer customers enhanced payment options and real-time payouts, thereby enhancing user experience.
The deal is contingent upon regulatory approval, and financial terms have not been disclosed.
Source: fintechfutures.com
The post Thunes, a global cross-border payments network, is expanding its presence in the United States with the acquisition of Tilia Inc appeared first on HIPTHER Alerts.
Latest News
Evolution Equity Partners Raises $1.1 Billion and Doubles Down on UK and EU Cybersecurity Investment
The Evolution Technology Fund III LP is the largest dedicated cybersecurity fund raised to date.
Growth and early growth stage investor committed to investing in UK and EU based cybersecurity companies safeguarding the digital world.
LONDON, April 25, 2024 /PRNewswire/ — Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP on April 16th, 2024, and total capital commitments of $ 1.1 Billion to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world. The fund raise was oversubscribed by existing and new limited partners representing a diversified mix of leading institutions, sovereign investors, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals. The capital commitment includes funding from British Patient Capital, the UK’s largest domestic investor in venture and venture growth opportunities and a subsidiary of the British Business Bank.
The capital committed gives Evolution Equity Partners a dedicated pool of capital to pursue opportunities for investment ranging from $20 million to $150 million in cybersecurity. The firm’s strategy is to build a well-diversified portfolio across key cybersecurity company building ecosystems in the United States, United Kingdom, the EU and Israel. Significant investments made to date by Evolution in the United Kingdom and EU include: AVG Technologies, Quantexa, Panaseer, DF Labs, Logpoint, CounterCraft, Cognitive Security, Eperi, Cybsafe, Tatum, Elliptic, Arqit, Metomic amongst 60 portfolio companies the firm has backed.
Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, said, ” Over the past 25 years, we have witnessed firsthand the strong cybersecurity entrepreneurial talent pool in the UK and EU. First, while building AVG Technologies, a European based cybersecurity company that our team took public on the New York Stock Exchange in 2012 and thereafter in numerous European companies we have helped scale. For UK and EU based cybersecurity companies looking to build and grow internationally, Evolution is the ideal partner to equip companies with the knowledge, tools and strategy to drive performance and outcome. The expertise that Evolution has on the ground in Europe is unparalleled in the industry. We look forward to working with best of breed entrepreneurs and building European champions.”
Christine Hockley, Managing Director, Funds at British Patient Capital, said: “Evolution Equity Partners’ cybersecurity specialism coupled with proven investment credentials positions them to successfully support the UK’s leading technology companies as they scale. We are delighted to invest in this fund, which aligns with our objective of supporting promising companies to access the long-term financing they need to fulfil their growth potential.”
Evolution Equity Partners was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm, and a specialist team of 30 professionals based out of New York City, Palo Alto, London and Zurich. The team members have been founders, operating executives and investors in leading software companies around the world and are committed to the mission of helping exceptional entrepreneurs develop market leading companies. Evolution Equity Partners’ Centers of
Excellence for Cybersecurity Growth, the firm’s high performance engine, has a clear goal: To provide the ultimate operating playbook on how to effectively take cybersecurity startups from idea to IPO and help equip companies with the knowledge, tools and strategy to drive performance.
About Evolution Equity Partners
Evolution Equity Partners, based in New York City, Palo Alto, London and Zurich, makes investments in rapidly growing cybersecurity software companies that safeguard our digital world. The firm was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage and lead the firm and its partners have been involved as founders, investors and as senior operating executives in leading software companies around the world. Evolution currently has over $2 billion of assets under management in a growing portfolio of market leading companies. The Evolution partners include Richard Seewald, Dennis Smith, Taher Elgamal, Aron Khurana, J.R. Smith, Karthik Subramanian, Yuval Ben-Itzhak and Karel Obluk. Learn more at www.evolutionequity.com and follow us at LinkedIn and Twitter.
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View original content:https://www.prnewswire.co.uk/news-releases/evolution-equity-partners-raises-1-1-billion-and-doubles-down-on-uk-and-eu-cybersecurity-investment-302126816.html
Latest News
Betterment, a leading digital investment platform, has announced its acquisition of Marcus Invest
Betterment, the leading independent digital investment advisor in the United States, has announced an agreement with Goldman Sachs to acquire Marcus Invest’s digital investing accounts.
Marcus Invest, known for its digitally tailored investment portfolios, will transfer these accounts to Betterment in the coming months.
Having pioneered digital investing over a decade ago, Betterment currently serves more than 850,000 customers and manages assets exceeding $45 billion. With its diversified portfolios, dedication to service excellence, and user-friendly technology, Betterment is an ideal destination for Marcus Invest customers as they work toward their financial objectives.
Goldman Sachs will maintain its focus on its expanding Marcus Deposits platform, serving over three million customers globally and managing well over $100 billion in consumer deposits.
“This acquisition further solidifies our leadership in the digital investing arena,” said Sarah Levy, Betterment’s CEO. “We are thrilled to welcome these customers to Betterment, where our scalable technology platform will continue to support them on their investment journeys.”
Subject to customary closing conditions, the transition of digital investing accounts to Betterment is scheduled for approximately June 29, 2024. Customers will have the option to opt out of this transfer if they choose. Betterment emphasizes that it will only acquire Marcus Invest accounts and assets under management, without acquiring any additional accounts, technology, employees, or operations as part of the transaction.
“As we prioritize our growing Marcus Deposits platform, we made the decision to transition away from our digital investment advisor offering and sought to find a suitable destination for those customers,” said Marcos Rosenberg, global head of Goldman Sachs Marcus. “Betterment was the clear choice for those accounts as we both share a deep commitment to customer satisfaction. We eagerly anticipate continuing to serve our Marcus Deposits customers with exceptional products and experiences.”
Source: fintechnews.ch
The post Betterment, a leading digital investment platform, has announced its acquisition of Marcus Invest appeared first on HIPTHER Alerts.
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