Breaks Categories: News

WednesdayJul 20, 2022 1:09 pm

NetworkNewsBreaks – INGOT Global Ltd. Granted FSA License, Strengthens Worldwide Presence with Opening of Seychelles Office

INGOT Global Ltd. has obtained a Seychelles Financial Service Authority (“FSA”) license and consequently has opened its first physical office in the island country. Calling the move a “milestone,” company officials said the company is opening a new chapter and that having the license brings INGOT closer to realizing its vision of expanding into all regions of the world and serving clients from various countries. Seychelles consists of 115 islands in the Indian Ocean at the eastern edge of the Somali Sea, and opening an office in the country will strengthen INGOT’s worldwide presence while presenting premium trading services to investors from all walks…

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WednesdayJul 20, 2022 12:59 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Enters Strategic Partnership for Production of Vista(R)-X90 Lidar

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) lidar solutions, today announced that it has selected Fabrinet (NYSE: FN), a leading provider of advanced precision optical and electronic manufacturing services, for the production of its Vista(R)-X90 lidar, which will be deployed in the industry’s largest ADAS lidar series production program. According to the update, Cepton selected Fabrinet for its deep expertise in advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for the production of high-performance, proprietary assemblies of its Vista-X90 lidars. “At Cepton, our goal is to be the world’s go-to supplier of…

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WednesdayJul 20, 2022 12:04 pm

NetworkNewsBreaks – LiveOne Inc. (NASDAQ: LVO) Announces Plans for Spin Out of Wholly Owned PodcastOne

LiveOne (NASDAQ: LVO) is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne today announced its intention to spin-out its wholly owned subsidiary, PodcastOne, as a separate public company to be listed on a national exchange and its plan to dividend a portion of PodcastOne’s common equity to LiveOne’s more than 15,000 stockholders as of a future record date, anticipated to be completed by year-end. Each case is subject to obtaining approvals and consents and complying with applicable rules and regulations and public market trading…

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WednesdayJul 20, 2022 12:00 pm

NetworkNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Arranges for 254 MW of Hosting Arrangements with Options to Expand

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, has made arrangements with a variety of hosting providers to secure an estimated 254 megawatts (“MW”) of new hosting arrangements for its Bitcoin mining operations; arrangements include options to increase that amount to 324 MW. Hosting providers include Applied Blockchain Inc. (NASDAQ: APLD) and Compute North, with APLD agreeing to supply 200 MW of hosting, with an option to increase that amount to 270 MW. Applied Blockchain will provide hosting at its Texas and North Dakota facilities. Marathon now has hosting arrangements in place to support its…

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TuesdayJul 19, 2022 2:12 pm

NetworkNewsBreaks – Lehua Brands, Maven Genetics Collaborate to Launch Limited Edition Peach Crème Gelato TerpTonic

Lehua Brands, a California licensed manufacturer and distributor of award-winning cannabis products, in a unique collaboration with Maven Genetics, recently launched Maven Peach Crème Gelato TerpTonic (“PCG TerpTonic”). Maven Genetics breeds and cultivates high-quality, rare and exotic indoor cannabis. According to the update, the limited edition PCG TerpTonic is California’s first single-strain, live resin cannabis-infused beverage. “The moment we sampled a test batch of PCG TerpTonic, we recognized Lehua’s extraordinary ability to formulate a cannabis-infused beverage that showcased the taste, aroma and sensory effect of our flower,” said Shane Ponto, co-founder of Maven Genetics. “This collaboration introduces our genetics to…

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TuesdayJul 19, 2022 12:35 pm

NetworkNewsBreaks – Branches Returning to the Jersey Shore in Fall Reopening

Branches, a historic event venue located in West Long Branch, New Jersey, today announced that its grand reopening will take place this fall. Having undergone a complete renovation inside and out, Branches will begin hosting weddings, showers, social events, sweet 16 and dinner parties and holiday functions this fall. According to the announcement, Squire’s Pub, a local favorite with a long history in West Long Branch, is also making a return as part of the opening. “The transformation that this venue has undergone is absolutely amazing,” said John Boden, Branches general manager. “A beautiful inlaid dance floor in our ballroom,…

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TuesdayJul 19, 2022 12:28 pm

NetworkNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Inks Five-Year Hosting Agreement with Applied Blockchain

Marathon Digital Holdings (NASDAQ: MARA) is partnering with Applied Blockchain Inc.(NASDAQ: APLD) to host Bitcoin miners. The five-year hosting contract, which calls for 200 megawatts (“MW”) of Bitcoin mining capacity, notes that APLD will provide comprehensive hosting services for MARA’s Bitcoin miners at Applied Blockchain’s owned and operated cohosting data centers. A builder and operator of next-generation data centers across North America, Applied Blockchain has partnered with some of the most recognized names in the industry to develop, deploy and scale businesses. APLD management called the multiyear agreement a “significant step forward in Applied Blockchain’s growth trajectory,” noting that demand for the…

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TuesdayJul 19, 2022 12:22 pm

NetworkNewsBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) Announces Shareholder Update on Path to Commercialization

Hillcrest (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F) is a clean tech company developing transformative power conversion technologies and control system solutions for next-generation electric vehicles and electrical systems. The company today announced that commissioning of the 250 kW 800V commercial prototype EV inverter is progressing on schedule. Hillcrest has faced and resolved issues typical of developing new technologies, such as its novel Zero Voltage Switching (“ZVS”) inverter technology. Among these, Hillcrest faced high-frequency ringing in the power modules, a frequent challenge when operating an inverter at high power levels. Ringing causes electromagnetic interference (“EMI”), which is unwanted noise or interference…

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TuesdayJul 19, 2022 12:12 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for Q1 2023

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting its financial results for first quarter 2023, which is the period ending May 31, 2022. A highlight of the report showed a record quarterly revenue of $4.86 million; the report noted that that number included FNGR’s SMS & MMS and telecommunications products & services businesses. The report also noted a 13% quarterly decline in the company’s telecommunications products & services business revenue, along with a quarterly cost of revenue of $4.48 million and a reported quarterly loss of $1.44 million. FNGR also noted that its big data business showed…

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TuesdayJul 19, 2022 11:21 am

NetworkNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Announces Appointment of New CTO

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has named a new chief technology officer. A senior software architect and Bitcoin expert, Aziz Pulatov has accepted the new position; Pulatov is also a senior devops engineer and Amazon Web Services-certified sysops administrator. In conjunction with the new appointment, LQwD noted that Albert Szmigielski had resigned from his position as chief technology officer; Szmigielski will serve as a strategic advisor to the company. “LQwD's management and board of directors would like to sincerely thank Mr. Szmigielski for his many contributions…

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