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HIVE Digital Technologies on green bitcoin mining & AI pivot | Crypto Round-Up

HIVE Digital Technologies

HIVE Digital Technologies, a prominent Bitcoin miner is at the forefront of the Bitcoin mining sector with operations in Sweden and Iceland. Frank Holmes, co-founder and chairman of HIVE, emphasised the role of Bitcoin in the digital financial transformation, highlighting the significant inflows into Bitcoin ETFs such as those from VanEck and BlackRock. Holmes underscored the decentralised nature of the Bitcoin ecosystem, powered by 17,000 nodes worldwide, offering transaction validation at a fraction of traditional banking costs. He discussed the upcoming Bitcoin halving in April, its implications for the mining sector, and Hive's commitment to mining "green coins" using renewable energy sources. Despite challenges from the discontinuation of Intel's ASIC chips for Bitcoin mining, Hive remains innovative, focusing on energy efficiency and high-performance computing (HPC) to pivot towards AI and other high-margin business models. With Ethereum's shift away from mining, Hive is adapting by expanding its AI capabilities and hedging strategies to maintain profitability. Holmes also highlighted Hive's significant Bitcoin holdings and their strategies for managing market volatility. The conversation touched on regulatory perceptions in Sweden and Iceland, Hive's operational efficiencies, and the broader implications of Bitcoin's decentralisation amidst increasing institutional investments. Finally, Holmes shared insights into the current Bitcoin market dynamics and the potential for Bitcoin as a hedge against inflationary pressures, comparing its investment appeal to that of gold. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

February 28, 2024 07:06 AM Eastern Standard Time

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HIVE Digital Technologies secures 1,000 New Energy Efficient Bitmain S21 Antminers to increase HODL

HIVE Digital Technologies

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive and shared significant updates regarding the company's Bitcoin mining operations. He announced the purchase of 1,000 Bitmain S21 Antminers, which will add 200 petahash per second of high-efficiency Bitcoin mining capacity to the company's operations. The S21 Antminer is recognized as one of the newest and most efficient Bitcoin mining ASIC systems, boasting a remarkable energy efficiency of 17.5 joules per terahash. Additionally, Daubaras disclosed that Hive Digital Technologies has further strengthened its position by accumulating 2,070 Bitcoin on its balance sheet as of February 21, 2024. This proactive approach aligns with the company's strategic preparation for the upcoming Bitcoin Halving event, expected in late April 2024. Rather than expanding its physical footprint, the company has opted to upgrade its mining fleet with the latest and most efficient machines available. This strategic decision aims to lower the average costs of Bitcoin production and enhance operational efficiency. By upgrading to the S21 Antminers, Hive Digital Technologies plans to increase its target Exahash from 5.3 EH/s to 5.5 EH/s by the end of June 2024, leveraging its 140 MW of operating infrastructure globally. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

February 28, 2024 07:04 AM Eastern Standard Time

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Trust Stamp flags Trojan impacting 3rd party biometric systems on iOS

T Stamp Inc

Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to issue a warning to financial institutions and their customers regarding the emerging dangers posed by Trojans targeting bank accounts. One such newly discovered Android Trojan, dubbed "GoldDigger," has raised concerns among cybersecurity experts. Furthermore, Group-IB's threat intelligence unit identified a cluster of aggressive banking Trojans, including GoldPickAxe, which is the first known iOS Trojan designed to harvest facial biometric data for unauthorized access to bank accounts. Francis emphasized the importance of safeguarding biometric data in light of rapidly evolving attacks like these Trojans. He highlighted Trust Stamp's revolutionary Stable IT2 TM technology and biometric multi-factor authentication, which do not store or retain any biometric data on vulnerable devices. Additionally, no identifying data is stored on the user's device. This biometric cryptographic system offers authentication without leaving behind any biometric breadcrumbs that could be exploited by cybercriminals. By combining biometric multi-factor authentication with device authentication, Trust Stamp disrupts the transaction flow used by attackers behind these Trojans. This approach not only utilizes biometric authentication with proof of life but also ensures that the user is in possession of the authorized device, thereby enhancing security and mitigating the risks associated with such attacks. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

February 28, 2024 07:01 AM Eastern Standard Time

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UPDATE: Wingman Ventures rebrands as Founderful, gains momentum for $120m Fund II for Swiss tech startups

Founderful

Five years after it launched, venture capital firm Wingman Ventures has today rebranded as Founderful and is announcing it has quickly raised $85m for its new fund, aiming to reach a final close at $120m in the months to come. The firm was founded in 2019 by Swiss unicorn GetYourGuide co-founder Pascal Mathis, former Switzerland Lead at Creathor Ventures Alex Stöckl, and EAT.ch co-founder Lukas Weder. The team’s driving force has always been helping ambitious Swiss tech startups to become international market leaders. The firm was established with the singular goal of backing local, pre-seed startups in their first financing round with hands-on, founder-focused funding. Bucking the venture trend of keeping ‘dry powder’ on hand, Founderful has made nearly 50 investments in the last 4 years alone, having made eight Swiss investments in 2023. From Fund I, Founderful has deployed $60m into 40 startups. This represents 109 founders who scaled to create 1,093 jobs and went on to raise almost 6x additional funding of over $350m in just 3 years, some of which from leading international venture firms. Notably, Wingtra (survey drones) has scaled to 200 employees and an annual revenue of over $20m. DePoly has been recognized globally for its revolutionary plastics recycling technology and raised a $15m seed round, while Corintis (sustainable computing) is collaborating with global big tech and enterprise businesses. Founderful has already started deploying the capital raised in Fund II, backing the founders of Chiral Nano (alternative silicon chips), Nala Earth (ESG reporting), Ascento (security robotics), SAEKI (manufacturing robotics), Anthropos (workplace skills), Isospec Analytics (biomolecular analysis), Eightinks (lithium-ion batteries) and Faive Robotics (humanoid robotics). Alex Stöckl, Founding Partner at Founderful, commented: “We’re beyond grateful that we get to continue our work with the most ambitious founder teams of this exciting ecosystem. Switzerland is one of the world’s fastest-growing venture capital markets. With the global shift towards more complex technologies solving some of our society’s most pressing challenges, it will become one of the world’s most important tech hubs. With our founder-operator backgrounds and the deeply rooted access we’ve built over the years into the universities and research institutions with our Founderful Campus program, we’ve become the go-to firm for entrepreneurs and investors alike.” Founderful II is backed by a range of institutions, family offices, and founders who have successfully scaled their startups into global unicorns such as Duolingo, Climeworks, GetYourGuide, Delivery Hero, and Scandit. Severin Hacker, CTO and co-founder at Duolingo, commented: "Building Duolingo, I've seen my own fair share of VC firms, and it is rare to collaborate with an investor who is as meticulous and relentless toward creating value to the founders they backed, as the team at Founderful.” Jonas Theiler, Head of Asset Management at Artemis Group, added: “We’ve been working with Founderful since day one, and the companies they back have impressive substance and relevance from a technological and business perspective – they are spot-on doubling down on the Swiss venture ecosystem.” Founderful is laser-focused on the Swiss tech market and, with it, concentrated on supporting founders in the B2B software and industrial technology space This includes robotics and industrial automation, artificial intelligence and machine learning, computer vision technologies, and material sciences innovations in cleantech, climate tech, and construction tech. Founderful works quickly and closely with academia and industry to boost the new generation of technology leaders. Lukas Weder, Founding Partner at Founderful, commented: “Our fresh identity as Founderful reflects our purpose as a venture capital business to have the deepest understanding of founders and give them the highest level of support. We were once founders ourselves and know what it takes to succeed. We are redefining founder-friendliness beyond just the term sheet through sharing advice, granting insights, and investing courageously. We bring lightheartedness and empathy to serious topics and remain calm in the face of adversity. We try to be the honest companion we would have wanted by our side when we built our own companies.” The Founderful thesis on investing in Swiss-based startups has been proven by three megatrends: For the 13th consecutive year, Switzerland has ranked first in the Global Innovation Index - topping the lists for technology, knowledge, and creative output. It also has the world's highest patent per capita ratio, and ETH Zurich produces more university spin-outs than any other university worldwide. Big tech is fascinated by Switzerland, which is why Google has 5,000 developers there (its largest tech office outside the US). Disney, Nvidia, Meta, Huawei, and Intel have consistently grown their local R&D teams over the past years. Switzerland is a Unicorn state – there are more billion-dollar tech startups per capita in Switzerland than anywhere else in Europe. Recent unicorn graduates like Scandit (logistics software), Climeworks (carbon capturing), and SonarSource (code security), and bootstrapped under-the-radar success stories like Proton (internet privacy) underline Switzerland’s rising global relevance for B2B technologies. Yoram Wijngaarde, CEO and founder of Dealroom, added: “When looking at our data, Switzerland has been on the rise as one of Europe’s fastest growing VC ecosystems over the past five years, and in 2023 becoming the fifth largest venture market on the continent only behind powerhouses UK, Germany, France and Sweden. When you look at nine tech unicorns on 9 million inhabitants, it becomes apparent that this is a market you cannot miss in your coverage as a European fund or limited partner.” About Founderful Founderful is Switzerland’s leading pre-seed fund. We give every founder our deepest understanding and highest levels of support, and together, we’re building the future of the Swiss startup ecosystem. For more information, please visit our website or LinkedIn. Contact Details Founderful Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website http://www.founderful.com/

February 28, 2024 06:00 AM Eastern Standard Time

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Wishpond announces launch of Beta Program for key product SalesCloser

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar joined Steve Darling from Proactive to unveil an exciting development: the beta launch of Wishpond's AI-powered sales platform, SalesCloser AI. This innovative platform is poised to revolutionize sales processes by delivering personalized, round-the-clock sales calls and product demos without the need for human intervention. With several hundred businesses already signed up for the SalesCloser Beta program, Wishpond Technologies invites businesses of all sizes and industries to continue registering for the program. During the interview, Tajskandar emphasized that SalesCloser AI addresses the critical challenge of accelerating sales and scaling businesses of all sizes and industries in a cost-effective manner. Acting as a constantly learning sales agent, SalesCloser AI tirelessly works to close deals 24x7, enabling businesses to maximize their sales potential. Additionally, Wishpond Technologies announced that SalesCloser would be led by Kevin Ho, Wishpond’s General Manager of Brax and Viral Loops. Ho, who joined Wishpond in 2015, boasts a wealth of experience across various senior roles in sales, marketing, and customer success. Notably, as Vice President of Sales and Marketing, he spearheaded lead generation, strategic partnerships, and public relations for the company. The beta launch of SalesCloser AI represents a significant milestone for Wishpond Technologies, underlining the company's commitment to driving innovation and delivering cutting-edge solutions to its clients. With SalesCloser AI poised to transform sales processes and empower businesses to achieve greater efficiency and success, Wishpond Technologies is well-positioned to lead the way in the rapidly evolving landscape of sales technology. Stay tuned for further updates as SalesCloser AI continues to gain traction and make waves in the industry. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

February 28, 2024 05:47 AM Eastern Standard Time

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Nextech3D.ai announces expansion of team and doubling of office space as demand grows for 3D models

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news about the company's latest strategic moves to expand its AI tech team and pursue licensing agreements for its GPT AI 3D modeling CAD to 3D and texturing technology. The expansion includes doubling its office space in Hyderabad, India, to accommodate the growing team, reflecting the company's commitment to bolstering its technological capabilities. Moreover, Nextech3D.ai is currently in negotiations for a major license of its GPT AI 3D modeling CAD technology. This development underscores the company's strategy to diversify its revenue streams by signing licensing deals with global manufacturers utilizing CAD files. By supplying 3D models to leading brands and platforms while simultaneously pursuing licensing agreements, Nextech3D.ai aims to increase its revenue and profit margins significantly. Gappelberg emphasized that the company's decision to license its GPT AI technology is poised to revolutionize the accessibility of high-quality 3D modeling technology, particularly for e-commerce and other industries. Leveraging its GPT AI-powered technology, Nextech3D.ai has succeeded in reducing the cost of 3D models from CAD files to $10 to $20 while maintaining the highest quality 4K quad mesh photorealistic models. This cost-efficient approach enables scalability and profitability while ensuring superior quality. Overall, these strategic initiatives highlight Nextech3D.ai's commitment to innovation, technological advancement, and profitability in the rapidly evolving landscape of AI-driven 3D modeling technology. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

February 28, 2024 05:43 AM Eastern Standard Time

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ARway.ai latest deal brings cutting edge technology to hospital in Kuwait

ARway.ai

ARway.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news to announce a new partnership deal with AMANAH TEKNOLOGIA, a leading technology company and system integrator based in Kuwait City, Kuwait. Under this partnership, ARway.ai will collaborate with AMANAH TEKNOLOGIA to develop a mobile application prototype for hospitals that integrates with Electronic Medical Record (EMR) systems and serves as a digital concierge for visitors and staff. The project will involve creating a prototype mobile application that enhances the hospital experience by providing AR navigation and immersive educational experiences throughout the facility. Specifically, the application will leverage ARwayKit SDK to implement AR navigation features, enabling visitors and staff to navigate the hospital premises efficiently and seamlessly. The prototype will be tested at Dar AlShifa Hospital in Kuwait, where it will be evaluated for its effectiveness in improving the overall hospital journey for visitors and staff. By integrating with EMR systems and offering AR navigation capabilities, the digital concierge application aims to streamline operations, enhance communication, and provide a more engaging and interactive experience for users. This partnership underscores ARway.ai's commitment to leveraging augmented reality technology to transform various industries, including healthcare. By collaborating with AMANAH TEKNOLOGIA and deploying innovative solutions like the hospital digital concierge application, ARway.ai aims to revolutionize the way people interact with technology and enhance user experiences in diverse settings. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

February 28, 2024 05:36 AM Eastern Standard Time

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HTX and TradingView Deepen Cooperation with the Markets Functionality Launched, Enhancing an Efficient Trading Experience

HTX

HTX, a global leading digital assets trading platform, recently announced a strategic partnership with the integrated trading platform TradingView, aiming to comprehensively achieve API-powered integration of trading functionalities and jointly build a more powerful digital asset trading ecosystem. The collaboration will facilitate an enhanced and efficient trading experience for investors. The Markets Feature is Live to Improve Trading Efficiency The access to trading functionalities via APIs allows investors to customize their trading strategies, manage assets, and analyze data with more trading tools and more tailored trading experience. Whether beginners or professional traders can benefit from this integration to enhance trading efficiency and investment returns based on their specific needs. This partnership with TradingView empowers HTX users to access more comprehensive, accurate, and timely market information. HTX users now can gain direct access to all HTX assets, real-time market updates, price trends, indicators, etc. via TradingView's data service interface, providing valuable support for their investment decisions. HTX Levels up Trading Experiences Through Global Partnership According to HTX's spokesperson, this partnership leverages the strengths of both parties to create additional trading opportunities and value-added services for users. This collaboration also marks one of the initiatives by HTX to enhance trading experience. Moving forward, HTX will continue to prioritize user satisfaction and consistently optimize trading functionalities to elevate the overall trading experience. The exchange's goal is to build a free, seamless and efficient financial hub in the metaverse for global users. This collaboration not only enhances trading experience and efficiency for HTX users but also provides innovative trading tools and services, enabling flexibility, convenience, and efficiency in trading. The two parties will reinforce innovation and competitiveness within the digital asset trading sector, offering cryptocurrency enthusiasts and investors more convenience and choices. HTX has reportedly been adhering to the strategy of "global development" since its brand upgrade. The exchange aims to provide users with safe, reliable, and diversified digital assets trading experience through constant refinement of innovative technology, compliant and safe operation mode, and friendly and open ecosystem collaboration. Furthermore, HTX is continuously committed to expanding its business presence to more regions worldwide, elevating their global reach and fostering user growth at a larger scale. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy - "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

February 28, 2024 02:14 AM Eastern Standard Time

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Leading UK innovation lab to showcase ‘unique ecosystem’ and capabilities at SXSW

MyWorld

A leading creative technology innovation lab based in Bristol and Bath (UK) will be showcasing their capabilities as part of SXSW. MyWorld is exploring the future of content production, distribution, and experience through its accessible innovation lab which enables organisations to futureproof their business and maintain a competitive advantage by undertaking research & development with reduced risk and lowered costs. The Bristol and Bath region is a global leader in the creation of internationally renowned films, TV shows, and video games. From the Oscar-winning Aardman Animations to the creators of the chart-topping game Plague Inc., the creative industries in Bristol & Bath have a significant cultural impact, with over 800 million people each month watching digital content produced in Bristol & Bath, and 35% of all global natural history television being produced in the region. This expertise combined with a unique cluster of four universities in two cities, specialist facilities and vibrant young talent make the Bristol & Bath the place to come for those in the creative industries. Attending the world-renowned festival in Austin, will be a delegation of five businesses from the region, who’s attendance has been supported by Invest Bristol and Bath. Joining MyWorld as part of the delegation will be Condense, Lux Aeterna, Meaning Machine, and Anagram – all of whom are cutting-edge innovators across VFX, XR, AI, and volumetric video. Oscar De Mello, MyWorld Operations Director, comments on the importance of taking the delegation to an event such as SXSW: “ Attending an international event like this provides us with a platform to demonstrate that this amazing regional ecosystem is the ideal location for any creative business that want to lead their industry through horizon scanning and pre-market access to innovation.” The delegation will be exhibiting in the Immersive Futures Lab from the Creative Economy Team, from the 10-12 th March on the 5th Floor at the Fairmont Hotel, Austin. The Immersive Futures Lab will give delegates the chance to meet creative technologists and play with immersive prototypes from games, heritage, science, theatre and more. Mark Leaver, Head of Business Partnerships and Inward Investment, said: “ MyWorld is investing in the future of creative technology innovation and has supported these businesses to develop new prototypes, products and services.” “Our attendance at SxSW gives them a platform to showcase these new developments to a global audience at the world’s most important creative tech festival. The goal is to generate new investment and revenues for the businesses and to profile the West of England as an internationally significant R&D hub." To find out more about MyWorld and what you can expect from them and the delegation at SXSW, please visit: https://www.myworld-creates.com/sxsw/ Contact Details MyWorld Liam Britnell +44 7741 897115 liam@ambitiouspr.co.uk Company Website https://www.myworld-creates.com/

February 27, 2024 11:18 AM Eastern Standard Time

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