NetworkNewsBreaks

FridayMay 20, 2022 1:46 pm

NetworkNewsBreaks – SPYR Technologies (SPYR) Exploring AI, Targeting Expansion to Stay Ahead of Competition

SPYR (OTCQB: SPYR) is dedicated to identifying and targeting acquisitions that aid in growing its overall market reach and industry footprint, as evidenced by its 2020 acquisition of Applied Magix Inc. The company, which develops and resells Apple(R)- ecosystem-compatible products through its subsidiary, in line with its focus on the multibillion-dollar internet of things (“IoT”) smart home and connected car markets, is also exploring new ways to improve its offerings, stay ahead of its competition, and increase customer satisfaction. “One avenue that it seeks to venture into is artificial intelligence (‘AI’). SPYR just announced that Applied Magix is exploring AI…

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FridayMay 20, 2022 12:15 pm

NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Continues Push Toward Strong Lightning Network Presence

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, recently launched an additional node in India. LQwD also reported that all ten of its operational Lightning Network nodes had completed over 10,000 transactions forwarded. “The current nodes and channels offered by LQwD include India, France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, and the U.S. The company has used its own reserve of Bitcoin assets to facilitate a presence on the Lightning Network,” reads a recent article. “We are experiencing excellent transaction growth since launching our first nodes…

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FridayMay 20, 2022 12:11 pm

NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Releases Update on Incidents Involving Hosting Partners’ Operations

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released information about its hosting partners operations. According to the announcement, company officials have become aware of two incidents impacting operations of its hosting partners: Blockfusion USA and Digihost Technology Inc. The company noted that Blockfusion’s Niagara Falls facility was damaged by an explosion and ensuing fire. As a result, power was cut off to some 2,515 BTBT Bitcoin miners as well as an estimated 710 ETH miners that had been operating at the facility just before the explosion. Based on the update, no material damage to…

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FridayMay 20, 2022 11:30 am

NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Scheduled Release of Q1 2022 Financial Results

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced plans to release its unaudited financial results for the first quarter ended March 31, 2022. According to the update, the results will be announced before the U.S. market open on Friday, May 27, 2022. To view the full press release, visit https://nnw.fm/ysxFC About BIT Mining Limited BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the…

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FridayMay 20, 2022 11:25 am

NetworkNewsBreaks – Home Bistro Inc. (OTC: HBIS) Announces Models Meals Brand Subscription Option

Home Bistro Inc. (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, has unveiled its first subscription-based offering; the subscription plan features the company’s Model Meals band and includes three meals — breakfast, lunch and dinner — for up to five days a week. The option will be available initially in the southern California area, where the Model Meals line has a loyal following and where HBIS has a food-production facility. “We are excited to finally execute on a long-term strategic objective by establishing a subscription-based meal platform,” said Home Bistro CEO Zalmi Duchman…

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FridayMay 20, 2022 11:20 am

NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Names New President of International Operations

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced a new president of international operations: Richard Curtis. Previously president of the Imperium Motor Company, Curtis has served as a turnaround specialist for Lithia Automotive group in three western states. In addition, he was director of electric vehicles for the largest privately owned dealer group in Northern California. Under his leadership, the group earned the distinction of being the top-volume EV seller for the Nissan Leaf, Fiat 500 EV and Chevrolet Volt. “Richard has tremendous experience throughout Asia and will be key to expanding our presence there and…

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FridayMay 20, 2022 10:33 am

NetworkNewsBreaks – Pressure BioSciences Inc. (PBIO) Releases First-Quarter 2022 Financial Report, Corporate Update

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and specialty services to the worldwide biopharmaceuticals, cosmetics, nutraceuticals, agrochem, and food & beverage industries, is reporting its financial results for Q1 2022, the period ended March 31, 2022; the company also released a business update provided guidance for the remainder of the year. Key numbers from the report include total revenue for the quarter totaling $480,000, down 14% from $560,000 for Q1 2021; instrument sales of $465,000, compared to $553,800 for Q1 2021; and consumable sales for the quarter reached $40,000,…

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ThursdayMay 19, 2022 3:30 pm

NetworkNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Commences Trading on the Nasdaq

Bright Green (NASDAQ: BGXX) is one of the few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. As previously announced, the company has commenced the trading of its common stock on the Nasdaq Capital Market under the symbol BGXX. For additional details, view the prospectus related to the registration statement Bright Green filed on Form S-1 with the Securities and Exchange Commission (“SEC”), available on the SEC’s website at www.SEC.gov. To view the full press release, visit https://nnw.fm/eSsYy About Bright…

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ThursdayMay 19, 2022 2:36 pm

NetworkNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Aims to Deliver Safer Alternative for Nicotine Experience

Lexaria Bioscience Corp. (NASDAQ: LEXX) will soon begin a human clinical study, NIC-H22-1, to compare its DehydraTECH-nicotine pouch performance with that of existing brands such as ON! and Zyn, currently available in the U.S. “Animal testing has already demonstrated that DehydraTECH-nicotine can deliver peak nicotine performance to the bloodstream 10 to 20 times faster than the study’s controls,” a recent article reads. “Lexaria has long held that any form of inhaling chemical substances can be detrimental to health, and its DehydraTECH-nicotine aims to help vapers as well as smokers wean themselves off of those products, giving them relief from cravings…

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ThursdayMay 19, 2022 1:53 pm

NetworkNewsBreaks – Canaan Inc. (NASDAQ: CAN) Releases Q1 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, is reporting its unaudited financial results for the three-month period ended March 31, 2022. Highlights of the report include increase in total computing power sold (4.3 million Thash/s, an increase of 119.1% from the same period in 2021), revenue ($213.9 million, a 236.7% from Q1 2021) and gross profile ($130.9 million, an increase of 327.2% from the same period of 2021). In addition, the company also reported net income of $69.7 million for the quarter. “We kicked off the year 2022 in an increasingly unpredictable environment due to macroeconomic uncertainties and logistic disruptions caused…

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