NetworkNewsBreaks

FridayAug 19, 2022 11:00 am

NetworkNewsBreaks — BIT Mining Limited (NYSE: BTCM) Closes on Registered Direct Offering, Resulting in $9.3M

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, announced the closing of its registered direct offering with certain institutional investors. The company had announced the offering earlier this week. According to the announcement, the closed offering constitutes the purchase and sale of 15,566,665 of BTCM American Depositary shares ("ADSs"), Series A warrants to purchase up to an aggregate of 15,566,665 ADSs and Series B warrants to purchase up to an aggregate of 15,566,665 ADSs — all at a combined purchase price of $0.60 per ADS and associated warrants. The announcement noted that the Series A warrants, which expire five years from…

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FridayAug 19, 2022 10:52 am

NetworkNewsBreaks – IBN, CannabisNewsWire to Shine the Spotlight on Cannabis Conference 2022

CannabisNewsWire (“CNW”), a specialized communications platform for the cannabis sector and one of the 50+ brands within IBN (“InvestorBrandNetwork”), today announced its reengagement by GIE Media to serve as a media sponsor for Cannabis Conference 2022. The unique event, presented by Cannabis Business Times, is slated to take place at the Paris Las Vegas Hotel & Casino in Las Vegas, Nevada, from Aug. 23-25, 2022. Industry participants from more than 30 countries will attend the globally acclaimed conference, which is dedicated to professionals of plant-touching businesses across the cannabis and hemp space. IBN and CannabisNewsWire will leverage their array of…

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ThursdayAug 18, 2022 3:32 pm

NetworkNewsBreaks – American Cannabis Partners Looking to Capitalizing on Possible Future Federal Interstate Commerce Opportunities

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, is watching closely as the Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act moves to the Senate, having passed the U.S. House of Representatives. The bill “would end the federal prohibition on cannabis by removing it from the list of banned controlled substances. ‘Cannabis is legal for adult use in 19 states and for medical use in 36 states… This bill would end the federal ban but leave legalization up to the states,’” a recent article that contains excerpts from a Forbes writeup reads. “American Cannabis Partners, along with other companies…

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ThursdayAug 18, 2022 2:12 pm

NetworkNewsBreaks – Advanced Container Technologies Inc.’s (ACTX) GrowPods Ideally Poised to Turn Tide Against Food Insecurity

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of GrowPods, environmentally controlled micro-farms that allow cultivation of ultra-clean crops all year long, believes its products may be part of the solution to eradicate food insecurity and malnutrition. The World Food Program’s (“WFP”) vision for 2030 “calls for the world to eradicate food insecurity and malnutrition and for national and global actors to partner together to achieve several goals, including providing access to food and sustainable food systems. According to WFP, turning the tide against hunger includes, in part, ‘sustainable consumption and production to reduce food loss and waste,’” a…

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ThursdayAug 18, 2022 1:47 pm

NetworkNewsBreaks – Global Water Resources Inc. (NASDAQ: GWRS) Secures ~$15.5M in Public Offering

Global Water Resources (NASDAQ: GWRS), a pureplay water resource management company, announced its completion of a public offering of 1,150,000 shares of its common stock at a previously disclosed price of $13.50 per share. The offering includes 150,000 shares issued and sold to the underwriter who exercised in full its option to purchase additional shares of common stock. Global Water Resources secured approximately $15.5 million in gross proceeds before deducting underwriting discounts, commissions and estimated offering expenses. The company anticipates using the net proceeds to fund acquisitions and for working capital and other general corporate purposes. Roth Capital Partners acted…

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ThursdayAug 18, 2022 1:37 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Partners with Nine Blocks Capital Management to Reach Treasury Optimization Goals

Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, is working with Nine Blocks Capital Management SEZC Limited as part of its enhanced treasury management function. BTBT selected Nine Blocks, an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, to support the company’s efforts to enhance its treasury management process. According to the announcement, the selection includes a direct investment into the Nine Blocks Master Fund, a digital assets market neutral fund using basis trading, relative value and special situations strategies. An official from Nine Blocks noted that the support company…

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ThursdayAug 18, 2022 1:02 pm

NetworkNewsBreaks – GeoSolar Technologies Inc. Leveraging SmartGreen(TM) to Address Systemically Unsustainable Growth in Energy Demand

GeoSolar Technologies (“GST”), a Colorado-based climate technology company, has sought to address the systemically unsustainable growth in energy demand through the creation of its proprietary SmartGreen(TM), a system designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels. Recent summer heatwaves have caused soaring temperatures that have increased the demand for ways to stay cool. “According to the International Energy Agency, the stock of global air conditioners is set to rise by 163% to over 5.5 billion units by 2050. In fact, the new electricity demand posed by…

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ThursdayAug 18, 2022 12:45 pm

NetworkNewsBreaks – FinovateFall to Showcase Marquee Names, Keynotes from Industry Innovators

Informa Connect’s FinovateFall 2022 is expected to draw more than 1,500 senior executives from leading fintech and global financial institutions. Slated to take place from Sept. 12-14, 2022, at The Marriott Marquis Times Square, New York, the three-day conference will feature more than 100 speaker sessions, industry veterans, and 60-plus innovative live product demos. Speakers at FinovateFall 2022 include marquee names such as James Robert Lay, founder and CEO of Digital Growth Institute, Peggy Mangot, MD, fintech partnerships, commercial banking at JPMorgan, Alexa von Tobel, co-founder and managing partner at Inspired Capital, Peter Grant, president and COO of OakNorth, Maria Gotsch, president…

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ThursdayAug 18, 2022 12:13 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Unaudited Q2 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2022. “We went through a challenging second quarter as the Bitcoin price continued to tumble down to under US$20 thousand. The COVID-19 containment lockdown in key cities in China also brought severe disruptions to our daily operations and demand for our AI chips,” said Nangeng Zhang, chairman and CEO of Canaan. “Facing these obstacles, we strived to deliver for our clients and achieved total computing power sold of 5.5 million Thash/s, up 27.5% sequentially. In order to support…

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ThursdayAug 18, 2022 12:08 pm

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Enters Strategic Agreement with Canopy CBD Farms

Pressure BioSciences (OTCQB: PBIO) (“PBI”) is a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and specialty testing services to the worldwide nutraceuticals, biotechnology, cosmetics, and food and beverage industries. The company today announced the execution of a manufacturing, sales and distribution agreement with Canopy CBD Farms LLC (“CCF”), a Massachusetts licensed processor/manufacturer/distributor of hemp-derived CBD products and processing equipment. With a strong focus in the Massachusetts/New England hemp-derived CBD market and with hundreds of nationwide industry connections, CCF has assembled an aggressive distribution plan that anticipates nano-CBD product sales of nearly $6 million over the…

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