Breaks Categories: News

WednesdayAug 17, 2022 12:15 pm

NetworkNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Announces Q2 2022 Results, Operational Update, Significant Debt Restructuring Events

Stronghold (NASDAQ: SDIG) has reported financial results for its second quarter ended June 30, 2022, provided an operational update and announced significant debt restructuring events. “Today we are announcing a series of transactions that we believe transform Stronghold into a materially less-levered, vertically integrated Bitcoin miner with significantly improved liquidity and flexibility to deploy capital opportunistically in a way that creates equity value through cycles in the Bitcoin and power markets,” said Greg Beard, co-chairman and chief executive officer of Stronghold. “By returning miners to NYDIG that served as the collateral for the non-recourse financing agreements and restructuring the WhiteHawk…

Continue Reading

WednesdayAug 17, 2022 12:01 pm

NetworkNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Q1 2023 Report

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is reporting its earnings for the first quarter 2023, the period ending June 30, 2022. According to the announcement, the company saw a strong gross mining margin of $27 million for the quarter, which represents an 18% increase over the prior quarter’s $22.9 million margin. The company pointed to its global Bitcoin and Ethereum mining operations as drivers for this growth, observing that the operations experienced significant hashrate growth during the quarter. The report also noted that HIVE maintains the best operational uptime among its peers and has repeatedly been the…

Continue Reading

WednesdayAug 17, 2022 11:46 am

NetworkNewsBreaks – SPYR Inc. (SPYR) Subsidiary Patented Platform Provides Smart Solutions for Simple IoT Problems

SPYR (OTCQB: SPYR), a diversified technology company developing products and leveraging the Internet of Things (“Iot”) for consumer use and large-scale applications and industries, and its subsidiary GeoTraq, offer patented technology — the WebTraq(R) platform — designed to provide “Smart Solutions for Simple IoT Problems.” The exclusive tech company features asset tracking and remote monitoring through Mobile IoT modules that include global connectivity. According to the company, solving simple, blue-collar challenges is a priority because these problems offer key potential in the huge IoT marketplace. For instance, the company noted, at the end of the day, a rancher for wants to know if…

Continue Reading

WednesdayAug 17, 2022 11:23 am

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) Releases New Technical White Paper

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), focused on developing transformative power conversion technologies and control system solutions for next-gen electric vehicles and electrical systems, today announced the release of a new technical white paper. The publication outlines advantages of Hillcrest inverter technology and how its soft-switching capabilities relate to capacitors within the power conversion system. A previous white paper from Hillcrest highlighted test results and demonstrated the value of operating electrical systems at higher switching frequencies with the ability to eliminate losses. The latest white paper explains how operating at higher switching frequencies can result in a significant reduction…

Continue Reading

WednesdayAug 17, 2022 10:31 am

NetworkNewsBreaks – CubCrafters Unveils Engine Designed for Experimental Carbon Cub Aircraft

CubCrafters, the leading designer and manufacturer of light-sport, experimental and Part 23-certified backcountry aircraft, is in the spotlight in the most recent episode of The Bell2Bell Podcast. CubCrafters VP of sales and marketing Brad Damm sat down with host Stuart Smith to talk about the company’s recent milestones, including the launch of its newest engine, as well as its operational goals for the balance of 2022 and beyond. The Bell2Bell Podcast provides invaluable updates and exclusive interviews with executives operating in fast-moving industries. In addition, CubCrafters has announced a new engine. Called the CC363i F/P, the engine is made specifically…

Continue Reading

WednesdayAug 17, 2022 10:17 am

NetworkNewsBreaks – Knightscope Inc. (NASDAQ: KSCP) K5 Deployed at Houston-Based Lubricant Manufacturing Plant

Knightscope (NASDAQ: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, has announced that a Houston manufacturer of premium quality lubricants and associated products for the automotive, industrial and drilling markets has successfully deployed its Knightscope K5 Autonomous Security Robot (“ASR”). The deployment intends to help protect the client’s industrial plant and storage facility in the northeast corner of the city. The announcement reads, “Petrochemical plants pose unique challenges that include threats to the environment, neighboring populations, and site employees’ lives and health. An accidental or intentional incident at such a plant could cause the…

Continue Reading

TuesdayAug 16, 2022 4:02 pm

NetworkNewsBreaks – Treasure Global Inc. (NASDAQ: TGL) Closes on Initial Public Offering, Resulting in $9.2M Gross Proceeds

Treasure Global (NASDAQ: TGL), an innovative e-commerce platform providing seamless payment solutions and rewards programs, has closed on its previously announced upsized initial public offering. The offering comprised 2,300,000 shares of common stock and included the full exercise of the underwriter’s overallotment option; the shares were offered at $4 per share, resulting in gross proceeds of some $9.2 million before deducting underwriting discounts, commissions and other offering expenses. The announcement noted that TGL common stock began trading on the Nasdaq Capital Market on Aug. 11, 2022. According to the announcement, Treasure Global plans to use the net proceeds from the offering…

Continue Reading

TuesdayAug 16, 2022 3:58 pm

NetworkNewsBreaks – Advisors Mortgage Group Recognized as One of 5000 Fastest-Growing Private Companies

Advisors Mortgage Group, based in Ocean Township, New Jersey, today announced that it has again made the Inc. 5000 2022 list of Fastest-Growing Private Companies. According to the update, this is the 11th year since 2003 that Advisors has received this recognition. “Being on this list is so incredible and something I never imagined 23 years ago when I started this company out of a 400-square-foot office,” said Steven Meyer, president of Advisors Mortgage Group. “Watching us grow into a robust company with over 400 employees nationwide is a testament to the hard work of those that helped me every…

Continue Reading

TuesdayAug 16, 2022 3:22 pm

NetworkNewsBreaks – DoubleDown Interactive Co. Ltd. (NASDAQ: DDI) Celebrates 12-Year Anniversary of ‘First-of-Kind’ Social Casino Game

DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital social casino games, is commemorating 12 years since the unveiling of its flagship title, DoubleDown Casino. The celebration includes free prizes and a DoubleDown Birthday Bash on Aug. 26 and 27, 2022, during which players are encouraged to complete slot quests to earn a reward based on how many quests they complete. DoubleDown Casino features a variety of slot machines and table games designed to provide a Las Vegas casino experience virtually on mobile and desktop platforms. This social casino game includes authentic Las Vegas slot machines developed by International…

Continue Reading

TuesdayAug 16, 2022 3:10 pm

NetworkNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Q2 2022 Results, Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and data center hosting, reported financial results for the three-month period ended June 30, 2022. “We are extremely encouraged by Riot’s financial resilience and operational achievements this quarter,” said Jason Les, CEO of Riot. “We continued to make substantial progress in executing towards our ambitious growth plans, including completion of our first immersion-cooled building and the successful transition of all miners, which were previously hosted by Coinmint, to our Whinstone Facility, which will further reduce our operating costs. Going forward, we will continue to focus on executional excellence as…

Continue Reading