NetworkNewsBreaks

FridayMay 13, 2022 12:15 pm

NetworkNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Record Q1 2022 Results, Current Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, recently reported financial results for the three-month period ended March 31, 2022. “We are extremely proud of the progress that Riot continues to make, having achieved record levels of net income, revenue, hash rate and Bitcoin mined in the first quarter,” said Jason Les, CEO of Riot. “Our vertically integrated business strategy of owning, operating and manufacturing has accelerated our growth while helping insulate us from continuing global supply chain issues. Over the remainder of 2022 and beyond, Riot plans to build upon the solid foundation set…

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FridayMay 13, 2022 12:09 pm

NetworkNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HVBTF) (FSE: HBF) Intends to Complete 5-to-1 Share Consolidation

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) has announced a consolidation of its common shares based on five preconsolidation common shares being exchanged for one postconsolidation common share. The company currently has 411,209,923 listed and outstanding common shares; the consolidation would result in an estimated 82,241,984 common shares being issued and outstanding. According to the announcement, HIVE anticipates the shares to start trading on both the TSX Venture Exchange and the Nasdaq market around May 20, 2022. The purpose of the move is to attract a broader range of shareholder, gain increased liquidity and add shareholder value. The…

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FridayMay 13, 2022 12:03 pm

NetworkNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Q3 Fiscal 2022 Financial Results, Provides Business Update

InMed Pharmaceuticals (NASDAQ: INM) is a leader in the research, development, manufacturing and commercialization of rare cannabinoids. The company today announced financial results for the third quarter ended March 31, 2022. “The third quarter of fiscal 2022 saw noticeable advancements across all of our programs, including commencing sales of the rare cannabinoids CBDV and CBT as raw ingredients for the health and wellness industry,” said Eric A. Adams, InMed president and CEO. “For the remainder of fiscal 2022, we will remain focused on driving our commercial operations by expanding our product portfolio, increasing sales of our existing and new rare…

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FridayMay 13, 2022 11:49 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Q2 Preliminary Financial Results

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced preliminary financial results (subject to change) for its period ending March 31, 2022. Among the highlights, the company reported cash and cash equivalents amounting to $65.2 million, as well as total debt of $22.1 million continuing its downward trend. In May 2022, Mullen signed a proposal with Thurner Design for the vehicle development of the Mullen FIVE RS, a high-performance EV sport crossover vehicle featuring close to 1,100 HP, 0-60 mph in just 1.95 seconds, and 200 mph top speed. Further, Mullen FIVE reservations increased substantially and more…

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ThursdayMay 12, 2022 2:57 pm

NetworkNewsBreaks – Industrial Nanotech Inc. (INTK) Continues Ambitious Plan to Invest in Disruptive Tech, Increase Revenue Streams, Recruit Skilled Talent

Industrial Nanotech (OTC: INTK), a global leader in advance nanotechnology-based solutions for energy efficiency and sustainability, is continuing to roll out an ambitious growth plan that includes investing in groundbreaking technologies, increasing revenue streams, as well as building a team of skilled professionals to innovate its business while continuing to deliver value to customers and shareholders. The firm announced that it has expanded its recruitment plans across geographical markets in the U.S., Europe, the U.K., UAE, and Asia. “Industrial Nanotech uses nanotechnology to develop eco-friendly products and solutions that are cost-efficient, save energy, and are safe in the workplace. We…

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ThursdayMay 12, 2022 2:46 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Plans to Release Q1 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, plans to report its financial results for the first quarter 2022, the period ended March 31, 2022; that information will be released on May 19, 2022, before the U.S. market opens. In addition, the company has scheduled a call to discuss the financial report; members of Canaan’s management team will host the call, which is slated to begin at 8 a.m. ET on May 19. Those interested in participating in the Canaan Inc. First Quarter 2022 Earnings Conference Call must register beforehand and will receive dial-in numbers, a Direct Event passcode and…

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ThursdayMay 12, 2022 2:33 pm

NetworkNewsBreaks – FinovateSpring 2022 to Offer Strategic Insight into Future of Financial Industry

FinovateSpring 2022 is set to attract more than 1,100 senior executives from financial institutions around the world on May 18-20 in San Francisco. Finovate’s first in-person, West Coast fintech event since 2019 will feature over 100 speakers and live product demos from 50-plus fintech solutions providers. Well known for drawing audiences of high-level executives and fintech innovators, Finovate conferences deliver expert presenters who offer strategic insight into the future of the financial industry. Sessions and panels will provide curated content in a highly effective format of fast-paced, sharp sessions. FinovateSpring 2022 speakers include Peggy Mangot, operating partner for PayPal Ventures;…

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ThursdayMay 12, 2022 2:30 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Provides April 2022 Production, Corporate Updates

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released its unaudited bitcoin production and corporate updates for April 2022. According to the announcement, during the month the company earned 76.23 Bitcoins and 77.32 ETH, and reported BTC and ETH treasury holdings of 754.32 and 323.95 with a fair market value of approximately $28.4 million and $1.1 million. In addition, the company announced that it owns 30,865 Bitcoin miners and 731 Ethereum miners at month end, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. Bit Digital also continues to work with its hosting partners…

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ThursdayMay 12, 2022 2:23 pm

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) Unveils Platform Designed to Offer Unparalleled Flexibility, Visibility across Building Portfolios

Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled provider of energy optimization and clean energy solutions for the U.S. commercial real estate industry, announced its new platform product: Correlate Portfolio Health. The proprietary offering provides commercial real estate owners with unparalleled visibility and flexibility into energy optimization and procurement across their building portfolios. The new platform is an essential element of CIPI’s suite of portfolio-scale development and finance platforms, designed to give commercial and industrial facilities access to clean electrification solutions that focus on locally sited solar, energy storage, EV infrastructure and intelligent efficiency measures. According to the announcement, the platform…

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ThursdayMay 12, 2022 2:16 pm

NetworkNewsBreaks – Knightscope Inc. (NASDAQ: KSCP) to Deploy K5 ASR in First Las Vegas Casino Contract

Knightscope (NASDAQ: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced that it has signed its first Las Vegas casino client. The announcement reads, “A leading U.S.-based operator of casinos and gaming facilities with more than three dozen locations across the country subscribed to its first Knightscope Autonomous Security Robot (‘ASR’) to bolster its already robust security and surveillance program. Knightscope’s K5 ASR will patrol the casino’s parking lots and structures to deter criminal activity and help keep guests and their belongings safe. Casinos have proven to be an excellent use case for…

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