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HIVE Blockchain Presents December 2021 Production and Calendar Year 2021 Figures

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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. – January 10, 2022) – 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 December 2021, with a BTC HODL balance of 1,813 Bitcoin as of December 31, 2021.

December 2021 Production Figures

HIVE is pleased to announce its December 2021 production figures. The Company notes it currently has:

  • 245 BTC Produced
  • 1.7 Exahash of Bitcoin mining capacity
  • 2,178 ETH Produced
  • 4.45 Terahash of Ethereum mining capacity

Frank Holmes, Executive Chairman of HIVE stated “We are very pleased to report HIVE has continued its strong momentum in expanding our Bitcoin hashing power even as the network difficulty rose. As of today, we are producing approximately 8.8 BTC a day. Our Bitcoin hashing power increased in December and at the calendar year-end our hashrate was 1.7 Exahash, which translated into a 12% increase in BTC mining on a month over month basis, while BTC prices corrected.”

Aydin Kilic, President & COO of HIVE noted “We continue to educate the investing public and crypto enthusiasts on the financial relationship between BTC and ETH mining. The Company believes its unique position of having a large Bitcoin and Ethereum mining footprint provides investors with 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 daily. As such the ETH that HIVE produced during the month of December is approximately equal in value to producing a monthly total of 179 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 245 BTC produced from our Bitcoin mining operations during December.”

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

  • 423 BTC Equivalent Produced
  • 13.6 BTC Equivalent produced per day on average
  • 2.6 Exahash of BTC Equivalent Hashrate (BTC hashrate plus equivalent ETH Hashrate)

Calendar 2021 total production

  • 1,768 BTC 100% HODL
  • 41,966 ETH, a portion of which were sold to upgrade chips
  • 46,209 ETC which were sold

In summary Total Bitcoin Equivalent mined was 3,222 based on BTC/ETH/ETC. Another perspective for Calendar 2021, we mined coins with a year-end gross dollar value of approximately US$221 million (unaudited) using market prices of BTC US$43,000 and ETH US$3,400.

The bar chart illustrates the growth of our BTC mining capacity, as our hashrate grew substantially from the deployment of ASICs in our New Brunswick data center, which had 30MW of operating capacity upon our acquisition, and as of the end of December 2021, HIVE completed the expansion to 50MW of operating capacity. The next phase of expansion will bring our New Brunswick data center to 70MW of operating capacity in the spring of calendar 2022. In addition to the BTC production represented by the chart below, with the Company’s ETH and ETC mining, HIVE mined 3,222 BTC equivalent in 2021.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109527

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Rob Pettman takes the helm as CRO and president at Tifin

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Tifin has announced the high-profile appointment of Rob Pettman as its new Chief Revenue Officer and President.

Pettman, who formerly served as Executive Vice President of Wealth Management Solutions at LPL Financial, is set to bring a significant breadth of experience to his new role at Tifin.

Tifin stands at the forefront of financial technology, particularly within the WealthTech domain, by integrating cutting-edge AI solutions to enhance wealth management services. The company is renowned for its commitment to leveraging technology to improve financial advisory services and client outcomes through smarter, data-driven decision-making processes.

In his new position as Chief Revenue Officer and President, Rob Pettman will be instrumental in driving Tifin’s revenue strategies and expanding its market presence. Reporting directly to Tifin’s Founder and CEO, Dr. Vinay Nair, Pettman’s responsibilities will include overseeing the company’s growth initiatives, forming strategic partnerships, and enhancing the overall financial performance across Tifin’s various enterprises.

Rob Pettman comes to Tifin with nearly two decades of experience at LPL Financial, where his leadership spanned multiple key areas including investment product distribution, advisory platforms, and wealth management strategy. His extensive background in financial services and deep understanding of the advisory landscape equip him well to lead Tifin’s next growth phase.

Throughout his career, Pettman has demonstrated a keen ability to manage complex wealth management platforms and foster relationships with product and technology partners, skills that will be vital as he takes on his new challenges at Tifin.

Tifin CEO Dr. Vinay Nair expressed his enthusiasm about the new appointment, “Rob’s extensive experience and deep understanding of the financial advisory landscape make him the perfect fit to help Tifin’s growth as we enter a phase of scaling and deployment. At the same time, his familiarity with advisor, asset manager, and insurance provider frustrations will help us with relevant ongoing innovation. I am delighted to welcome him and look forward to working closely with Rob.”

Rob Pettman also shared his excitement about his new role, “I am thrilled to join Tifin at such an exciting time in the company’s journey. Tifin is on the leading edge of applying AI technology to empower financial advisors with better intelligence and to enhance client outcomes. I am looking forward to collaborating with Vinay and his teams across the Tifin portfolio to drive continued success and innovation.”

Source: fintech.global

The post Rob Pettman takes the helm as CRO and president at Tifin appeared first on HIPTHER Alerts.

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DataTracks Celebrates Completion of 19 Years

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SINGAPORE, April 18, 2024 /PRNewswire/ — DataTracks, a provider of cloud-based software to automate/generate compliance reports for filing with financial/security regulators to more than 28,000 business enterprises in 26 countries, celebrates the completion of 19 years of service and innovation.  Founded with a vision to make regulatory compliance “accurate, reliable, timely, and easy”, DataTracks has grown into a leading name in the industry, worldwide with cutting edge software that incorporates “artificial intelligence” aided features to reduce “time to prepare” and improve “accuracy”.

Decades of Dedication and Expertise

Over nearly two decades, DataTracks has achieved significant growth, with its software delivering more than 400,000 reports, showcasing its pivotal role in regulatory reporting. The software and service address regulations across diverse jurisdictions, including SEC in the USA, HMRC and FCA in the UK, Revenue in Ireland, CIPC in South Africa, ACRA in Singapore, MCA in India, SSM in Malaysia and ESMA, EBA, and EIOPA in Europe. 

DataTracks distinguishes itself in the industry

(a) with its global footprint (preferred by business enterprises whose regulatory obligations are spread across multiple jurisdictions)

(b) with its state-of-the art software that incorporates “AI/ML” features and

(c) with its credentials for information security (including ISO 9001:2015 and ISO 27001:2013 certifications)

Addressing the employees and spouses in a town hall meeting to celebrate the event, Vinod P John, President of DataTracks said: “We are happy to start our 20th year in the industry. I have to thank the 28,000 clients who trust us and the several hundred employees who developed our software and who helped customers (and our internal team) prepare compliance reports for reaching this milestone.  We’ve always believed in leveraging technology to make regulatory compliance as easy, quick, timely, and accurate as possible for our clients.  Our continuous investment in AI and machine learning is a testament to this belief, and it’s what keeps us at the forefront of the industry.”

Looking ahead, DataTracks is ready to address upcoming mandates such as the DATA Act and FTA in the US as well as the MBRS/XBRL mandate by SSM in Malaysia.

About DataTracks

DataTracks is a Singapore-based globally renowned leader in providing cloud-based regulatory compliance software for self-use and “black box services” using the same software, catering to 28,000 clients across 26 countries. In 19 years DataTracks has helped its client enterprises prepare more than 400,000 compliance reports for filing with financial/security regulators in several jurisdictions. Financial analysts have rated the quality of reports generated using DataTracks as top of industry for quality; significantly above that of several of its competitors.  For further information, visit www.datatracks.com.

For Business Enquiries: Email: [email protected]; Phone: Singapore: +6531582850, US: +1(646)9048324, UK: +44(0)2036088035

Media Contact: [email protected] 

Logo – https://mma.prnewswire.com/media/663546/3984133/DataTracks_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/datatracks-celebrates-completion-of-19-years-302119623.html

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BharatPe names Nalin Negi as permanent CEO

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Indian digital payments fintech BharatPe has promoted Nalin Negi, its CFO of almost two years, to the position of permanent CEO.

Negi has acted as the fintech’s interim boss since January last year, when Suhail Sameer – who had served as BharatPe’s CEO since August 2020 – departed the post.

Rajnish Kumar, chairman of BharatPe’s board, states that Negi’s “extensive experience” and the growth accumulated under his leadership designates him as a “natural choice to lead the company”.

The fintech claims to have recorded a 182% increase in revenue from operations during his tenure as interim CEO, and marked its first EBITDA-positive month last October.

Moreover, it states that its new boss’ strengths lie in formulating and implementing strategies that leverage market opportunities, and “fostering a culture of innovation and customer-centricity”.

Prior to joining BharatPe in 2022, Negi served as CFO for the Indian credit card company and payment provider SBI Card – where he is credited with steering the company’s IPO – as well as a controller for GE Capital Services India.

Commenting on the fintech’s “strategic focus” now that he has taken the company reigns permanently, Negi asserts that BharatPe will concentrate on “sustained profitability, scaling lending businesses, and launching new merchant-centric products”.

BharatPe, which was founded in 2018 and is noted for launching India’s first UPI interoperable QR code, says it will now begin its search for a new CFO.

Source: fintechfutures.com

 

The post BharatPe names Nalin Negi as permanent CEO appeared first on HIPTHER Alerts.

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