NetworkNewsBreaks

MondayAug 08, 2022 1:16 pm

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Receives Notice Regarding NYSE Continued Listing Standards

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its receipt of a letter from the New York Stock Exchange (“NYSE”), dated July 29, 2022, notifying the company that it was not in compliance with applicable price criteria in the NYSE’s continued listing standards. This is because, as of July 28, 2022, the average closing price of BIT Mining’s American Depositary Shares (“ADSs”) was less than US$1.00 per ADS over a consecutive 30 trading-day period. Per Section 802.01C of the NYSE’s Listed Company Manual, BIT Mining has six months (the “Cure Period”) following receipt of the notice…

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MondayAug 08, 2022 1:06 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues July 2022 Production Update

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited bitcoin and ethereum production and corporate updates for the month of July 2022. According to the update, the company earned 142.5 bitcoins in July 2022, reflecting an 111% increase compared to the prior month. In addition, the company earned 0.5 ETH during July 2022 compared to 0.0 in the month ending June 30, 2022. On July 31, 2022, treasury holdings of BTC and ETH were 889.1 and 2,176.9, with a fair market value of approximately $20.7 million and $3.7 million, respectively. Also, as…

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MondayAug 08, 2022 12:47 pm

NetworkNewsBreaks – Advanced Container Technologies Inc. (ACTX) Poised in the ‘Future of Agriculture’

Advanced Container Technologies (OTC: ACTX) today announced that it is operating in a sector that Barclays Bank says is gaining traction as a sector for investment. According to Jed Lynch, head of Americas, sustainable and impact investment banking at Barclays, “Agriculture has historically been viewed as a mature industry, but we are now seeing significant technology-led innovation across the sector. As a result, we’re seeing a noticeable increase in high-growth startups, venture funding, M&A activity and public-market interest in this space.” “We are in the right sector at the right time,” Douglas Heldoorn, CEO of Advanced Container Technologies, said in…

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MondayAug 08, 2022 12:38 pm

NetworkNewsBreaks – Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) Announces Strategic Promotion of Ashley Devoto

Cerberus Sentinel (NASDAQ: CISO), a managed compliance and cybersecurity provider (“MCCP”) based in Scottsdale, Arizona, today announced its promotion of Ashley Devoto to president of the company. According to the update, Devoto will continue to serve as chief information security officer (“CISO”) and remain responsible for guiding Cerberus Sentinel’s global cybersecurity strategy as well as leading all cybersecurity operations and supporting the delivery of cybersecurity solutions to customers. “It is vital that the CISO be empowered as a leader in an organization,” said David Jemmett, CEO, Cerberus Sentinel. “By naming Ashley as president and CISO, we are enabling her to…

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MondayAug 08, 2022 12:24 pm

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Names New Design VP

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has appointed Andre Hudson as its new vice president of design. An experienced vehicle design expert, Hudson has a track record of compelling design and brand vision leadership, including several highly successful concept and production vehicles in the marketplace. During his 25-year career, he has served a head of product design at IndiEV in addition to working with General Motors Co., Hyundai and Icona Design. “We are fortunate to have Andre on board,” said Mullen Automotive CEI and chair David Michery in the press release. “He will play a key…

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MondayAug 08, 2022 11:52 am

NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Names New Global Food Security Advisor, Announces Partnership with ‘Canada’s Food University’

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, has named Lenore Newman as the company’s global food security advisor. A leading researcher and a former Canada Research chair in food security, Newman is currently the director of the Food and Agriculture Institute at the University of the Fraser Valley whose research is focused on agricultural land use policy, agricultural technology and bioengineering in the global food system. In her new role, Newman will assist in guiding the company’s efforts in the development of controlled environment agriculture and other food-security pilot…

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MondayAug 08, 2022 11:28 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Reports Second Quarter 2022 Results

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has filed its Q2 2022 financial results for the period ended June 30, 2022; the company also scheduled a webcast to discuss those results. The webcast is slated for Aug. 9, 2022, at 4 p.m. EDT. Highlights of the report show that Energy Fuels has a robust balance sheet with $134.1 million of working capital; total includes $86.4 million in cash and cash equivalents, $11.8 million marketable securities and $28.6 million of inventory with no debt; the report noted that at current commodity prices, the company's product inventory has a…

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FridayAug 05, 2022 1:33 pm

NetworkNewsBreaks – GeoSolar Technologies Inc. Standing Distinct in Battle Against Rising Global Temperatures

GeoSolar Technologies is taking an innovative approach to redefining how people heat, cool, cook, power, and purify homes with 100% sustainable energy sources. “In fact, ‘There may not be a company in the climate technology industry that is doing more in the battle against rising global temperatures,’ according to Marilyn Lopez, partner and co-founder of TAG Collective. TAG is overseeing marketing efforts for GeoSolar Technologies related to the company’s upcoming Reg A+ offering to raise capital ahead of going public,” a recent article reads. “The Denver-based company’s patent-pending SmartGreen(TM) system harnesses energy from the earth and sun to naturally power…

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FridayAug 05, 2022 1:22 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Continues Strides to Push Gross Margins by Optimizing Product Offerings

FingerMotion (NASDAQ: FNGR) reported a 37% year-over-year growth in revenue for the financial year ended Feb. 28, 2022 (“FY2022”). “One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” a recent article quotes CEO Martin Shen’s comments from the release of the FY2022 results. Regarding the results, Shen is quoted saying, “We have been able to steadily increase our margins by optimizing our product mix between Top-up and SMS. While our biggest challenge continues to be access to non-dilutive capital, we remain steadfast in our belief that…

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FridayAug 05, 2022 1:14 pm

NetworkNewsBreaks – illimity Announces Sound Results for Q2 2022

illimity Bank S.p.A. (“illimity” or the “Bank”) today announced that its board of directors, chaired by Rosalba Casiraghi, has approved its results at June 30, 2022. Among the highlights, illimity reported net profit of 15.8 million Euro (+6% Y/Y), bringing the net result for the first half of the year to 31.5 million Euro (+15% vs 1H21). “We are very satisfied with the sound results posted in the second quarter of the year, the best in terms of business generation,” said Corrado Passera, CEO and founder of illimity. “The robust pipeline for the next few months confirms the dynamism of all…

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