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RETRANSMISSION: HIVE Presents Record November 2021 Production Figures and Provides Corporate Update

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Vancouver, British Columbia–(Newsfile Corp. – December 3, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin and Ethereum mining operations for the month of November 2021, with a BTC HODL balance of 1,584 Bitcoin as of today.

November 2021 Production Figures

Following a record Q2 2022 earnings report (period end September 30, 2021), HIVE is pleased to announce its November 2021 production figures. The Company notes it currently has:

  • 218 BTC Produced
  • $13.2M USD Bitcoin mining revenue
  • 1.31 ExaHash of Bitcoin mining capacity
  • 2,334 ETH Produced
  • $10.4M USD Ethereum mining revenue
  • 4.36 TeraHash of Ethereum mining capacity
  • $23.6M USD Total Revenue

Frank Holmes, Executive Chairman of HIVE, stated, “We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD.”

Aydin Kilic, President & COO of HIVE, noted, “We would like the investing public and crypto enthusiasts to understand the financial relationship between BTC and ETH mining. For example, in the month of November, 1,000 GH/s of ETH mining was equivalent if measured in daily revenue from the value of coins produced to approximately 228 PH/s of Bitcoin mining.” The Company believes it’s unique position of having a large Bitcoin and Ethereum mining footprint provides investors a unique value proposition. Mr Kilic continued, “Similarly, where one can equate hashrate on a revenue basis between BTC and ETH, you can also equate the value of the coins on a daily basis, as such on a daily basis the 2,334 ETH that HIVE produced during the month of November is approximately equal in value to producing a monthly total of 171 BTC. This is in addition to the 218 BTC produced from our Bitcoin mining operations.”

The Company’s total Bitcoin equivalent production in November 2021 was:

  • 389 BTC Equivalent Produced
  • 13 Bitcoin Equivalent produced per day on average
  • 2.3 ExaHash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate)

Network Mining Difficulty

The Bitcoin network difficulty increased as much as 5% and similarly the Ethereum network difficulty increased approximately 8% during the month of November. These increases in difficulty are factors in the decrease in BTC and ETH produced in November compared to the previous month.

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, 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 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/106426

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Stripe Unveils Unbundled Payments Strategy in Fintech Pivot

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2 hours ago

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April 26, 2024

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Stripe has announced a significant shift in its strategy by unbundling its payments service from its broader suite of financial offerings.

Despite maintaining its position as the largest privately held firm in the industry, boasting a valuation of approximately USD 65 billion and processing a substantial USD 1 trillion in payment volume in the previous year, Stripe is responding to the rapidly evolving fintech landscape and escalating competition by reassessing its approach.

The decision to detach its payments service from its suite of financial offerings represents a departure from Stripe’s previous strategy, where access to additional services was tied to the use of its payment solutions. In conjunction with this change, the company has introduced several new Embedded Finance features and a fresh selection of AI tools.

These updates were unveiled at Sessions, Stripe’s developer conference in San Francisco, where the company introduced over 50 new features as part of its platform enhancements, totaling over 250 announcements for the year. While many of these updates represent incremental improvements to existing products, they collectively signify Stripe’s commitment to aligning closely with the needs of innovative businesses worldwide and enhancing the GDP of the internet.

Stripe aims to leverage its scale to navigate the complex payments landscape and harness AI for growth while also making its platform more modular to accommodate diverse user requirements.

The decision to separate payments from its suite of services addresses a significant barrier for potential customers, granting them access to specific tools without committing to Stripe’s entire ecosystem. This signifies a shift in Stripe’s approach, placing greater emphasis on flexibility over a one-size-fits-all model.

While Stripe officials acknowledged user demand for an open ecosystem, they cited technical challenges in integrating legacy services as a reason for the delay in implementing this change. Furthermore, the move aligns with broader market trends, with companies like Stripe adopting a platform approach to payment services. However, the market remains fragmented, offering customers numerous alternatives and driving increased demand for flexible solutions.

Notable updates include the integration of AI capabilities into checkout and fraud detection tools, as well as enhancements to Stripe’s Embedded Finance offerings and usage-based billing options. These updates are aimed at addressing evolving customer needs and maintaining Stripe’s competitiveness in the fintech landscape.

Source: thepaypers.com

The post Stripe Unveils Unbundled Payments Strategy in Fintech Pivot appeared first on HIPTHER Alerts.

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Money20/20 Asia 2024: Days Two Roundup

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4 hours ago

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April 26, 2024

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Day two of Money20/20 Asia 2024 in Bangkok showcased a captivating array of discussions and insights at the Queen Sirikit National Convention Centre. Here are the highlights from the event:

Redefining Financial Frontiers: A panel titled ‘Redefining the Filipino Financial Frontier: Pioneers Transforming Money’s Future in the Philippines’ shed light on the transformative journey of financial services in the Philippines. Notable speakers included Ernest Cu, President & CEO of Globe, Pebbles Sy, Chief Technology and Operations Officer of GCash, and Douglas Feagin, President of Ant International. They emphasized the role of technology, partnerships, and digitalization in unlocking fintech opportunities.

Payments Focus: The Vision stage hosted a panel discussion titled ‘Global Payment Trends: Asia’s QR Revolution, Europe’s Open Banking Wave, America’s Card Dominance – Who Will Triumph?’ featuring industry leaders like Zubin Rada Krishnan, Group CEO of BigPay, Andreas Kurniawan, Chief Digital and Analytics Officer of Bank Danamon Indonesia, and Phil Pomford, SVP and General Manager of Global Enterprise E-commerce – Asia Pacific at Worldpay. Moderated by Rachel Morissey from USA Money20/20, the panel explored topics such as open banking in Europe, the QR Revolution in Asia, and the dominance of cards in the US.

Empowering Small Businesses: A keynote session titled ‘Empowering Small Businesses: A Vision Beyond Wall Street’ highlighted innovative approaches for micro and small businesses globally. Charles Li, founder and chairman of Micro Connect, shared insights into their unconventional financial models focused on daily revenues rather than equity or credit.

Asian Trends and Collaborations: Insights into the Southeast Asia expansion of Micro Connect underscored their commitment to global empowerment. Additionally, a fireside chat hosted by Danny Levy from Money20/20 with Kattiya Indaravijaya from Kasikornbank explored the region’s future financial landscape, emphasizing cross-border collaborations and trends in combating fraudulent activities.

Announcements: Notable announcements included PLDT-backed Maya Bank partnering with Tala to channel loans worth P2.75 billion ($48 million) to Filipinos, and KBank teaming up with J.P. Morgan to launch Project Carina, leveraging Q-money and JPM Coin for enhanced financial services.

Networking Opportunities: Attendees enjoyed various networking opportunities throughout the event, with a standout being the Money Under Moonlight event—an enchanting celebration of Asia’s diverse cultures held at Bangkok Marriott Marquis Queen’s Park, featuring a mesmerizing display of lanterns and candles.

In addition, attendees had the chance to engage in fun activities like The Money Run, a VR game, and explore innovations in the Money Arcade. Money20/20 Asia 2024 proved to be a dynamic platform for insightful discussions, partnerships, and networking opportunities in the fintech landscape.

Source: thefintechtimes.com

The post Money20/20 Asia 2024: Days Two Roundup appeared first on HIPTHER Alerts.

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SUNRATE named one of the top 100 cross-border payment companies for 2024 by FXC Intelligence

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5 hours ago

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April 26, 2024

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SINGAPORE, April 26, 2024 /PRNewswire/ — SUNRATE, an intelligent global payment and treasury management platform has been named one of the Top 100 Cross-Border Payment Companies for 2024 by FXC Intelligence, which recognises and celebrates the most important players in the cross-border payments industry.

SUNRATE has been recognised for its capabilities in providing global payment products and services for businesses worldwide, including international payments, global collection, commercial card issuance and treasury management.

Businesses can make payments to more than 190 countries and regions, transact in 130+ currencies and settle card spends in more than 15 currencies. They also enjoy global collection services available in over 30 currencies and collect funds in over 10 major global currencies, as if they were local payments. As part of SUNRATE’s global vision to drive B2B digitalisation, it also offers effective treasury management tools such as TreasuryOS and RiskOS, to enable businesses to manage and oversee their financial assets, liabilities, and liquidity.

Daniel Webber, CEO and Founder of FXC Intelligence said, “SUNRATE’s debut in the Cross-Border Payments 100 underscores its growing importance both in its home market and in the wider region and beyond. The company’s strong growth and innovation focus were key to FXC Intelligence’s decision to include them on the Top 100 this year.”

Paul Meng, Co-Founder and CEO at SUNRATE said, “We’re excited to be recognised by FXC Intelligence as one of the top 100 cross-border payment companies. At SUNRATE, we’re on a mission to be the leading global cross-border B2B payment platform in emerging markets, and this recognition is testament to our team’s hard work in pursuit of this mission.”

About SUNRATE

SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/ 

About FXC Intelligence

  • FXC Intelligence is the industry leader in cross-border payments data and intelligence.
  • The world’s biggest banks, payments and big tech companies use our critical data to make vital decisions that shape their day-to-day operations, product development and strategy.
  • Our data is also used by a number of international bodies, including the World Bank and the Financial Stability Board, to provide the most important indices in the sector.
  • We track pricing, market size and product changes as they happen and update our dataset at high frequency, giving our clients the competitive edge they need to stay on top in a rapidly changing market.
  • Our platform, which is built on top of our data, offers solutions such as a price engine and sales enablement tool to drive our clients’ growth and profit.

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