Breaks Categories: News

TuesdayMay 24, 2022 2:08 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBF) Announces 5:1 Share Consolidation

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBF) today announced that, further to its May 10 press release, the company will be proceeding with the consolidation of its common shares on the basis of five pre-consolidation common shares for one post-consolidation common share. The common shares will commence trading on the TSX Venture Exchange (“TSXV”) and Nasdaq on a post-consolidation basis effective at the opening of the market on May 24, 2022. Completion of the consolidation is subject to receipt of all necessary regulatory approvals, including TSXV approval and pursuant to the Business Corporations Act (British Columbia) and the…

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MondayMay 23, 2022 10:45 am

CryptoNewsBreaks – SportsCast to Showcase Innovative Approach to Sports Collectibles at Upcoming Events

SportsCast is a first-of-its-kind provider of digital sports memorabilia that is transforming sports collectibles by fusing ingenious original artwork digital cards with captivating athlete-created video content together in unique, highly collectible NFTs. SportsCast today announced its participation in the upcoming Podfest Expo and Florida Bitcoin & Blockchain Summit events taking place on May 26-29 in Orlando, Florida. “SportsCast was born as a way to combine the development opportunities presented by web3 with our considerable expertise in athlete management. I’ve been in the sports business space for 25 years, and this is something special,” said Garrick Dorn, managing partner of SportsCast. “We couldn’t be more pumped…

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FridayMay 20, 2022 12:12 pm

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Releases Update on Incidents Involving Hosting Partners’ Operations

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released information about its hosting partners operations. According to the announcement, company officials have become aware of two incidents impacting operations of its hosting partners: Blockfusion USA and Digihost Technology Inc. The company noted that Blockfusion’s Niagara Falls facility was damaged by an explosion and ensuing fire. As a result, power was cut off to some 2,515 BTBT Bitcoin miners as well as an estimated 710 ETH miners that had been operating at the facility just before the explosion. Based on the update, no material damage to…

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FridayMay 20, 2022 11:30 am

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Scheduled Release of Q1 2022 Financial Results

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced plans to release its unaudited financial results for the first quarter ended March 31, 2022. According to the update, the results will be announced before the U.S. market open on Friday, May 27, 2022. To view the full press release, visit https://ccw.fm/3mGqg About BIT Mining Limited BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the…

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ThursdayMay 19, 2022 1:54 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Releases Q1 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, is reporting its unaudited financial results for the three-month period ended March 31, 2022. Highlights of the report include increase in total computing power sold (4.3 million Thash/s, an increase of 119.1% from the same period in 2021), revenue ($213.9 million, a 236.7% from Q1 2021) and gross profile ($130.9 million, an increase of 327.2% from the same period of 2021). In addition, the company also reported net income of $69.7 million for the quarter. “We kicked off the year 2022 in an increasingly unpredictable environment due to macroeconomic uncertainties and logistic disruptions caused…

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WednesdayMay 18, 2022 12:05 pm

CryptoNewsBreaks – Echelon Foundation Ahead of Plans to Bridge Blockchain Ecosystems Together

The Echelon Foundation, the team leading the way in cross-chain blockchain, is reporting that it is ahead of its previously stated objective of bridging all major cryptocurrency blockchain ecosystems together via the Echelon cross-chain bridging platform. According to the announcement, Echelon is working to become the only blockchain with multiple major blockchains integrated into the Echelon Bridge, through which users can exchange and trade $ECH across all major blockchains. The first blockchain to release bridgeable tokens, Echelon has released bridgeable $USDC, which it titles $bUSDC. The foundation’s main native token — $ECH — can currently be traded across seven major blockchains…

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WednesdayMay 18, 2022 11:45 am

CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) to Present at H.C. Wainwright Global Investment Conference

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, today announced its participation in the H.C. Wainwright Global Investment Conference. The event is slated to take place in a virtual and in-person format at the Fontainebleau Miami Beach Hotel on May 23-26, 2022. GreenBox Chairman Ben Errez will give a company presentation and will be available for virtual one-on-one meetings with investors. Errez’s presentation is scheduled to begin at 7 a.m. ET on Tuesday, May 24, and will be available on demand. Interested parties should visit https://ccw.fm/7iSHF to register and view the webcast. To view the full press release,…

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TuesdayMay 17, 2022 3:34 pm

CryptoNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Announces Q1 2022 Results, Provides Operational Update

Stronghold (NASDAQ: SDIG) has announced financial results for its first quarter ended March 31, 2022 and provided an operational update. Among the highlights, the company reported the removal of approximately 279,000 tons of coal refuse and return of approximately 179,000 tons of beneficial use ash to waste coal sites during the first quarter of 2022, facilitating the remediation of these sites. In addition, the company issued approximately $33.8 million aggregate principal notes on May 15, 2022, bearing a coupon of 10.0% and a maturity date of May 15, 2024, plus approximately 6.3 million warrants, with a strike price of $2.50,…

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TuesdayMay 17, 2022 3:24 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBF) to Host May 19 Webcast

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBF) today announced its plans to host a webcast on Thursday, May 19, at 8:00 a.m. Central Time to provide a corporate update. HIVE’s Executive Chairman Frank Holmes and COO and President Aydin Kilic will present on the webcast. The company urges investors to visit https://ccw.fm/l5pD6 to register and participate in the corporate update. To view the full press release, visit https://ccw.fm/oUprL About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. The company mines Bitcoin and…

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TuesdayMay 17, 2022 2:30 pm

CryptoNewsBreaks – UBet Announces Successful Seed Funding Round, Raises $2.7M in Capital

UBet, a decentralized sports prediction market, announced that it has raised $2.7 million in seed funding. The company, which is focused on improving the customer experience for all parties within the global sports finance market, raised the funds in collaboration with Shima Capital, GSR, Republic Crypto, LD Capital, Old Fashioned Research, Decimus and M6 in raising the funds. In addition, investors from the sports-betting sector have joined the firm. According to the announcement, decentralized finance is an emerging technology, but current decentralized prediction markets are unsuccessful at creating a decentralized finance ecosystem. Existing algorithms are unsuitable for modeling sports outcome…

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