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HIVE Digital Technologies CEO Aydin Kilic discusses strategic growth in AI and crypto mining

HIVE Digital Technologies

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) president and CEO Aydin Kilic joined Stephen Gunnion in Proactive's London studio with insights into the company’s transition and growth. Initially established as the first publicly traded crypto mining company in 2017, HIVE began by mining Ethereum in Iceland before expanding to Sweden and Canada. Following Ethereum's transition during the merge, HIVE pivoted its GPU resources from Ethereum to Bitcoin mining and later to AI computing. This strategic shift has proven profitable, with the AI computing segment achieving a $1 million annual run rate in its initial beta test phase and growing to an almost $10 million Internal Rate of Return (IRR) in the subsequent year. Kilic also discussed the operational differences between the company's rugged crypto mining facilities and its refined, high-performance tier-three data centers, located strategically to leverage green energy sources like hydropower and geothermal energy. These centers are distinct in their operations, focusing either on AI computing or Bitcoin mining, each with substantial revenue potential. Moreover, Hive manages to keep a balanced approach by maintaining efficiency in Bitcoin operations, leveraging market cycles to optimize investment and profit from fluctuations in Bitcoin prices. Kilic highlighted the company’s financial health, noting its significant Bitcoin treasury and minimal debt, providing stability amidst market volatility. Looking ahead, Hive aims to expand its AI revenue significantly, with ambitious targets set for the upcoming quarters, further solidifying its dual approach to leveraging both AI and Bitcoin mining for growth and investor value. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 08, 2024 08:03 AM Eastern Daylight Time

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5thScape Lists "MMA Cage Conquest" on Meta Store: Step into the Ultimate Virtual MMA Arena

Spark Metro PR

Mixed Martial Arts fans and enthusiasts, your virtual fighting dreams have arrived! 5th Scape delivers a transformative experience with "MMA Cage Conquest," stepping far beyond traditional fighting games into true sensory immersion. Step into the iconic MMA cage, feel the roar of the crowd and become the champion you always envisioned. The 5thScape Project is an ambitious venture that aims to create a comprehensive Virtual Reality ecosystem. In this VR ecosystem many developers, gamers and experts from various industries can collaborate. This is a VR gaming studio startup in which they focus on developing games, movies, animations etc. Apart from this, they are also planning to launch a special VR headset and a VR Chair which is an ergonomically perfect chair for long gaming sessions. Now, coming back to the MMA Cage game, - "MMA Cage Conquest" redefines virtual combat. Its skill-based system demands true martial arts strategy along with honed reflexes. Learn and master strikes like a real-life wrestling professional. It includes (not limited to) powerful grappling throws and the intricacies of ground control to secure your victories. Feel the impact of every blow, the thrill of a perfectly executed submission, and the tension of a match fought on the razor's edge. Training lies at the heart of "MMA Cage Conquest." This journey transcends button-mashing and enters the realm of personal development. Start as an eager underdog, mastering the fundamentals through rigorous simulations. Refine your striking, defense, and ground game, tracking your progression and building unshakeable confidence. With each session, you don't just play the game – you live the fight. MMA Cage Conquest is all set to make gaming experiences more vigorous and a powerhouse for the senses. Feel the rush in your bones as you climb the leaderboards, and establish yourself as the ultimate MMA cage conqueror. Ready to unleash your inner champion? "MMA Cage Conquest" will be available on the Meta platform. Submitted for listing on May 2, 2024, the developers await approval. Visit 5thscape.com for trailers, release updates, and the latest news on your journey to become the undisputed MMA Cage conqueror. Contact Details 5th Scape 5th SCAPE Team +1 302-597-6768 team@5thscape.com Company Website https://5thscape.com

May 08, 2024 06:18 AM Eastern Daylight Time

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AdvicePay Promotes Kelsey Lewis to President

AdvicePay

AdvicePay, the industry-leading platform for processing payments and overseeing compliance of fee-for-service financial planning, announced today that it has appointed Kelsey Lewis as President, promoting the former Head of Customer Success to the No. 2 position at the company, where she will closely collaborate with founder and CEO Alan Moore to execute on his vision. Lewis joined AdvicePay in December of 2021 as the firm’s first Head of Customer Success and helped build the team and systems that ensure AdvicePay is delivering on its promises to customers. In that role, Lewis worked with many of the industry’s largest RIAs and broker-dealers, overseeing customer success and support efforts, including onboarding, relationship management, and solutions consulting. Her efforts helped AdvicePay achieve a 36% increase in transaction volume while maintaining a 100% enterprise customer retention rate. “After conducting a thorough search that included internal and external candidates, the board unanimously agreed that Kelsey is the right person to help lead this company into the future,” Moore said. “Kelsey has been a key contributor to AdvicePay’s leadership team, and this promotion reflects her commitment to our customers and her passion for furthering AdvicePay’s strong culture and mission. I look forward to working with her to create a blueprint for delivering on our ambitious growth strategy as industry and consumer demand for fee-for-service planning continues to grow over the next several years.” In her new President role, Lewis will serve as an Integrator, overseeing day-to-day company management and ensuring all departments are working closely to execute on the strategic goals of the company. She will also serve as the highest point of escalation for customers. “I am incredibly, deeply honored to take on this new role at AdvicePay, a company whose core values resonate deeply with me.” Lewis said. “Having spent most of my career in a customer-facing role, I am acutely aware of their needs and priorities. We are serving more advisory firms than ever, and by elevating me to this important leadership position from being Head of Customer Success, AdvicePay and its Board are demonstrating their customer-centric focus and commitment at the highest level. I am committed to nurturing the collaborative and people-first culture of AdvicePay as we continue to grow.” Before joining AdvicePay, Lewis held positions as the Director of Operations at a consumer goods company, and before that, was the Director of Client Experience at a learning management software company. Lewis earned her MBA from the University of Utah – David Eccles School of Business. She graduated with a Bachelor of Science degree in marketing from Westminster University. About AdvicePay Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the industry-leading platform for overseeing the compliance, delivery, and payment processing of fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform. Contact Details Shannon Beck +1 406-412-2047 media@advicepay.com Company Website https://advicepay.com/

May 08, 2024 06:00 AM Eastern Daylight Time

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Raboo (RABT) Predicted to Skyrocket 100x as Ethereum (ETH) and BNB Whales Flock to Buy

Total Media

The crypto market is finally heating up again after Bitcoin stumbled out of the gates in May, taking the rest of the market—including BNB and Ethereum price—down with it. Ethereum and BNB appear to have turned the corner, hinting at a recovery around the bend. However, investors looking for the next 100x gains are investing in low-cap gems and presale opportunities like Raboo with MAJOR legroom to run in this crypto market cycle. With its presale token price of just $0.0042 and prospects of a legitimate shot at a 100x surge, Raboo is one of the top investment opportunities of the year. BNB continues to have a strong performance BNB has been one of the best performers so far in 2024, with the native token of the Binance Chain ecosystem coming within earshot of retesting its 2021 all-time highs of $686 earlier in Q1 2024. BNB’s current run is nothing short of spectacular after hitting its nadir in late 2023 when a series of setbacks and intensified regulatory pressure saw its prices plummet all the way to $205. Crypto market analysts believe BNB could be in line to once again retest its previous ATH this year—but investors looking for larger gains are looking elsewhere given BNB’s staggering $86.9 billion market cap. Ethereum price back to $3,000 after stumbling out of the blocks in May Ethereum plummeted to $2,800 to start off the month, no doubt bringing ETH holders who bought at higher levels in March and April to a state of apoplexy. That’s not to mention the fact that Ethereum has largely underwhelmed compared to Bitcoin, which has already minted a new all-time high. The Ethereum price action hasn’t come close to retesting its ATH of $4,878 set in 2021, indicating that the Layer-1 blockchain platform is losing serious market share to newer and better contenders. ETH bulls have their work cut out for them if Ethereum has any hope of minting a new ATH in the next crypto market bull cycle. Raboo: AI and SociaFi meme coin thrills presale participants Raboo is fast becoming one of the biggest presale investment opportunities of the crypto market in 2024, raising over $1 million and currently in stage 3 of its presale. Thus far, Raboo has already drawn over 5,200 presale registrants, indicating the massive traction that the AI SocialFi meme coin has generated. Raboo introduces a level of SocialFi utility and AI sophistication never before seen in meme coins by rewarding holders that leverage its meme generation platform to create and distribute memes across internet verticals. In doing so, the Raboo community grows its user base and pumps up demand and prices for its native RABT token. Conclusion Crypto market observers are forecasting anywhere between a 50x to a 100x gain for RABT in 2024 once it launches and lists on major exchanges, making Raboo’s current price of $0.0042 a steal. With its value proposition and low market cap, analysts predict Raboo will easily outperform BNB and Ethereum price actions within the next 12 months. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

May 07, 2024 04:00 PM Eastern Daylight Time

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Bitcoin Bull Trap Looms: BTC at Risk, Investors Choose Ondo and Low Cap Crypto Raboo

Total Media

The landscape of low cap crypto is known for its volatility and potential for substantial gains, drawing investors keen on discovering the next big winner. As the market evolves, understanding the dynamics of bull traps—situations where a declining trend appears to reverse but then continues to drop—becomes crucial. In this environment, Raboo emerges as a promising contender. Its recent presale success and unique approach in the meme coin sector offer a refreshing alternative to the typical pitfalls of speculative investments. Bitcoin (BTC): The Gold Standard of Cryptocurrency Bitcoin (BTC), the original cryptocurrency, remains a dominant force in the digital currency market. Known for its decentralized nature and pioneering blockchain technology, Bitcoin has set the standard for security and transparency, influencing countless other cryptocurrencies. As a store of value, often referred to as 'digital gold,' Bitcoin's appeal lies in its scarcity and widespread recognition. However, Bitcoin's position as a high cap crypto also makes Bitcoin susceptible to significant price fluctuations, which can resemble a bull trap scenario where investors might buy during a temporary price increase only to see values drop suddenly. This might drive investors towards more agile and cost-effective low cap crypto alternatives to Bitcoin in the rapidly evolving market. Ondo (ONDO): A Newcomer in Decentralized Finance Ondo Finance offers decentralized finance (DeFi) services that aim to lower the barriers to institutional access to decentralized liquidity pools, fostering a bridge between traditional finance and DeFi. With Ondo's innovative approach, Ondo facilitates a variety of investment strategies that cater to different risk tolerances, aiming to enhance the efficiency and accessibility of crypto investments. Despite these innovations, Ondo, as a low cap crypto, faces considerable risks. The complexities and relatively untested nature of DeFi can lead to significant challenges, including the risk of smart contract vulnerabilities and regulatory uncertainties. Moreover, during volatile market periods, the price of ONDO might experience sudden and sharp declines that could resemble bull trap price actions. Raboo (RABT): Navigating the Waters of Low Cap Crypto Raboo is redefining the low cap crypto landscape with a presale success that swiftly pushed its value to $0.0042, highlighting strong investor confidence. Already garnering over $1 million, Raboo stands out through its innovative integration of AI technology and SocialFi elements, which significantly enhance user engagement and provide financial incentives within its ecosystem. This strategic combination not only entertains but also monetizes user participation through creative meme creation. Raboo's approach sets it apart as a significant contender in the evolving crypto market, aiming to attract a broader audience with its unique blend of technology and community-driven incentives, promising a new era of digital interaction and economic opportunity. Raboo as a Solid Bet Amidst Low Cap Crypto In a market rife with uncertainty and the ever-present risk of bull traps, Raboo demonstrates robust market confidence and establishes itself as a leading investment in the low cap crypto category. Unlike many fleeting trends susceptible to sudden downturns, Raboo's integration of AI with SocialFi dynamics presents a sustainable growth model. This makes Raboo the preferred choice for investors looking to capitalize on innovative cryptocurrencies with tangible community engagement and real-world utility, positioning it as a top contender for enduring value. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

May 07, 2024 02:41 PM Eastern Daylight Time

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Ocean Power Technologies Advances Maritime Domain Awareness Solution with Successful Demonstrations

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news with Proactive regarding the company's recent achievement in completing multiple offshore demonstrations for potential customers of its Artificial Intelligence-capable Maritime Domain Awareness Solution, Merrows. These demonstrations were conducted utilizing OPT's Next Generation PowerBuoy, marking a significant milestone in showcasing the solution's capabilities to key stakeholders. Stratmann emphasized that these successful field demonstrations position OPT uniquely, allowing the company to demonstrate the fully functional Intelligence, Surveillance, and Reconnaissance (ISR) capabilities of the PowerBuoy directly to potential customers. By bypassing traditional paper studies and accelerating the sales cycle, OPT demonstrates its commitment to providing innovative and practical solutions to meet evolving maritime security needs. The Next Generation PowerBuoy, designed with survivability and cybersecurity in mind, offers a secure and reliable platform for collecting actionable intelligence in maritime environments. With the ability to securely connect to the Merrows solution from anywhere in the world, OPT provides customers with real-time insights and situational awareness to enhance maritime security operations. Furthermore, OPT's solution is designed to integrate seamlessly with Advanced AI systems, leveraging data generated by the PowerBuoy to feed into Large Language Models and other AI technologies. This integration enhances the effectiveness of maritime surveillance and enables proactive decision-making to address emerging threats and challenges. Looking ahead, OPT is scheduled to conduct further demonstrations for additional potential customers, including overseas prime contractors, in the coming weeks. These ongoing efforts underscore OPT's commitment to advancing maritime security capabilities and delivering innovative solutions to meet the evolving needs of the maritime industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 07, 2024 12:08 PM Eastern Daylight Time

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Enkrypt AI Unveils LLM Safety Leaderboard to Enable Enterprises to Adopt Generative AI Safely and Responsibly

Enkrypt AI

The rapid adoption of Generative AI, including in regulated settings, has continued to make the security and safety of Large Language Models (LLMs) a key concern amongst cybersecurity professionals. Policy-makers and security professionals around the world continue to seek new technology to help mitigate the risks of Generative AI technologies. For example; just days ago, the US Government’s Department of Homeland Security appointed a board to advise on the role of artificial intelligence on critical infrastructure. Sahil Agarwal, CEO of Enkrypt AI commented: “LLMs are increasingly seen as potential back-office powerhouses for enterprises, processing data and enabling faster front-office decision-making. Consider a fintech where an LLM-powered application is key in rejecting a loan application from a person of color without clear explanation. This raises concerns about implicit biases, as LLMs often reflect societal inequities present in their training data sourced from the internet. Moreover, cases like Google's LLM appearing 'woke' highlight the risks of overcorrecting these biases. How safe is Anthropic’s Claude3 Model? Is Cohere’s Command R+ LLM really ready for enterprise use? These scenarios underscore the urgent need for careful checks on these models to prevent exacerbating societal inequities and causing harm.” At the highly anticipated RSA conference, Enkrypt AI, the leader in securing Generative AI technologies, will introduce its latest innovation, the LLM Safety Leaderboard. This product is part of Enkrypt AI's comprehensive Sentry suite, designed to empower enterprises to deploy LLMs with heightened security and peace of mind. The LLM Safety Leaderboard will provide essential insights into the vulnerabilities and hallucination risks of various LLMs, enabling technology teams to make informed decisions about which models best suit their specific needs. This tool aims to educate and raise awareness about the relative strengths and potential weaknesses of different LLMs, so AI engineers can make informed decisions about the unique strengths of each. Highlights of the LLM Safety Leaderboard include: Comprehensive Vulnerability Insights which delivers detailed evaluations of potential security risks, including data leakage, privacy breaches, and susceptibility to cyber-attacks. Ethical and Compliance Risk Assessment which tests for biases, toxicity, and compliance with ethical standards and regulatory requirements, ensuring models align with enterprise and brand values. The LLM Safety Leaderboard is a new component of Enkrypt’s Sentry suite, which includes Sentry Red Team, Sentry Guardrails, and Sentry Compliance. This suite offers a holistic approach to managing and securing LLMs, aligning with the strictest standards for privacy, security, and compliance within the enterprise environment. The announcement comes as a new preprint paper by Enkrypt AI, “ Increased LLM Vulnerabilities from Fine-tuning and Quantization ”, has found that common practices used to implement LLMs in business settings, namely fine-tuning and quantization, lead to increased risk of security vulnerabilities namely from jailbreaking. However, implementing external guardrails platforms like Enkrypt’s Sentry Guardrails solution was successful in mitigating such vulnerabilities. On one model, Enkrypt’s Sentry Guardrails provided a 9x reduction in vulnerability to jailbreaking attacks. Sahil Agarwal, CEO of Enkrypt AI said: “With the launch of the LLM Safety Leaderboard, we are enhancing our commitment to enabling the safe, secure, and responsible use of generative AI in the enterprise. This tool will serve as a critical resource for organizations aiming to navigate the complexities of AI implementation with full confidence in their security posture.” Prashanth Harshangi, CTO of Enkrypt AI, added: “In the last two quarters, our team has been solely focused on generative AI safety and making rapid progress with our Sentry Suite. Comprising three key components - Sentry Red Team, Sentry Guardrails, and Sentry Compliance. With the LLM Safety Leaderboard, we are proud to offer a product that not only identifies potential risks but also empowers businesses to proactively manage and mitigate these challenges, enabling informed and faster decision making.” About Enkrypt AI Enkrypt AI, co-founded by Yale PhDs Sahil Agarwal and Prashanth Harshangi, is pioneering the safe adoption of Generative AI within enterprises. With an innovative all-in-one platform, Enkrypt AI is revolutionizing how Large Language Models (LLMs) are integrated and managed, addressing critical needs for reliability, security, data privacy, and compliance in a unified solution. Used by mid to large-sized enterprises in industries including finance and life sciences, Enkrypt AI's Sentry offers a proactive approach to AI security, fostering trust and efficiency in AI implementations from chatbots to automated reporting. Enkrypt AI sits between users and AI models, to offer a variety of safety and security layers. Enkrypt AI stands apart by merging threat detection, privacy, and compliance into a comprehensive toolkit, poised to become the definitive Enterprise Generative AI platform for an evolving regulatory landscape. For more information please visit https://www.enkryptai.com/ or follow via LinkedIn, X, Instagram or YouTube. Contact Details Enkrypt AI Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.enkryptai.com/

May 06, 2024 09:00 AM Eastern Daylight Time

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ToolsGroup Reimagines Supply Chain Decisions: Launching Decision Hub and Real-Time Decision-Centric Planning

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the global launch of Decision Hub, an innovative solution enabling decision-centric planning through zero-latency decision alignment. As a pioneer in solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge, enabling smarter, faster decisions that drive profit. With the release of Decision Hub, ToolsGroup now makes continuous, collaborative and asynchronous decisions in the face of supply chain volatility simple. Supply chain leaders face unprecedented and increasing supply chain disruptions. They need a faster and more effective way to decide how to respond to emerging threats and situations, unconstrained by the frustrating scheduling conflicts, endless email threads and ad hoc discussions missing critical voices that characterize today’s decision-making process. Decision Hub transforms traditional supply chain decisions by bringing together the right stakeholders at the right time, armed with the right information to make better decisions faster. With Decision Hub, teams can come together in a virtual situation room to collaborate in real-time to run multiple scenarios, evaluate potential impacts, and decide on the most profitable response. Cross-functional teams can react earlier to changes affecting the balancing of supply and demand, evaluate options to mitigate risks and exploit opportunities, and align on the best actions. By making decisions more efficiently, companies will be able to make plans to respond to changes in the supply chain far enough in advance to maximize the returns on working capital. "Today, data latency, poor collaboration and rigid decision-making processes all work against companies trying to make the right decisions in the face of uncertainty. Supply chain leaders must collaborate seamlessly and respond in real-time to critical events, adapting production and distribution plans to changes in demand and supply. Decision Hub reimagines this process, innovating decision collaboration for the speed of today’s supply chain," said Robert Kaufholz, Senior VP of Product Management at ToolsGroup. We are excited to welcome the initial beta users of this transformative technology. If you’re interested in learning more, come visit ToolsGroup today at the Gartner Supply Chain Symposium/Xpo™ 2024 conference in Booth #817 in the Planning Village or read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs.. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

May 06, 2024 09:00 AM Eastern Daylight Time

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AC MILAN AND WEB3 IGAMING LEADER TG.CASINO SIGN NEW PARTNERSHIP DEAL

Finance News

AC Milan and TG.Casino are delighted to announce a new partnership, which sees the online casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe. This new collaboration between two frontrunners in their own fields offers a great opportunity to create something new and innovative. This partnership demonstrates the platform’s intent to take on and beat the iGaming competition to become the ultimate destination for all ambitious Gamefi players. The deal catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe. Thanks to this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club. From visits to the Milanello training centre to winning official AC Milan jerseys and VIP access at the San Siro stadium, football fans will have the chance to enjoy unique and exclusive experiences. The new partnership provides AC Milan with a new fan engagement tool, creating bespoke experiences, which aim to give them more access, and bring them even closer to their beloved Club. TG.Casino on Web: https://shrt.care/e44200d4 TG.Casino on Telegram: https://t.me/tgcasinoofficialbot?start=intpr Contact Details Alex Brown alex@sportsnews.com

May 06, 2024 08:00 AM Eastern Daylight Time

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