BIT

Crypto Miners Continue to Overcome Obstacles as the Market Matures

Thursday, October 21, 2021 - 2:00pm

Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.

Key Points: 
  • Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.
  • "We're determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users."
  • We have made excellent progress as we near completion of the first phase of over 200MW of crypto mining parks in South and North Carolina.
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.

Crypto Miners Continue to Overcome Obstacles as the Market Matures

Thursday, October 21, 2021 - 2:00pm

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Cryptocurrencies continue to show strength, expanding their influence and presence across many industries. Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading. According to a report by CNBC, the agreement indicates that Coinbase will leverage just about all the NBA's platforms including the WNBA, NBA G League, NBA 2K League and USA Basketball. The deal between the NBA and Coinbase comes shortly after the league commissioner Adam Silver explained that the league is projecting USD 10 Billion in revenue for the 2021-22 season, a figure that is possible thanks to fans returning to NBA arenas, which account for 40% of league revenue. In the meantime, sponsorships accounted for about USD 1.4 Billion last season, according to valuation firm IEG. ISW Holdings Inc. (OTC: ISWH), itfarms Ltd. (NASDAQ: BITF), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), Hut 8 Mining Corp. (NASDAQ: HUT) 

Key Points: 
  • Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.
  • "We're determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users."
  • We have made excellent progress as we near completion of the first phase of over 200MW of crypto mining parks in South and North Carolina.
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.

BIT Mining Increases Investment in Ohio Cryptocurrency Mining Site

Monday, October 18, 2021 - 12:30pm

AKRON, Ohio, Oct. 18, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has strengthened its collaboration with Viking Data Centers, LLC ("Viking Data Centers").

Key Points: 
  • AKRON, Ohio, Oct. 18, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has strengthened its collaboration with Viking Data Centers, LLC ("Viking Data Centers").
  • The Company will increase its investment in the Ohio cryptocurrency mining data center (the "Ohio Mining Site"), which is being jointly developed with Viking Data Centers, to add up to 65 megawatts ("MW") of power capacity in addition to the 85MW per the original design, bringing the Ohio Mining Site's total planned power capacity up to 150MW.
  • Upon completion of the cryptocurrency mining data centers in Ohio and Kazakhstan, BIT Mining expects that, by March 2022, its cryptocurrency mining machines will have access to a total power capacity of up to 190MW.
  • BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining's Mining Pool Subsidiary to Exit Mainland China Market

Thursday, October 14, 2021 - 10:25pm

AKRON, Ohio, Oct. 14, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that its mining pool subsidiary, BTC.com will exit the mainland China market. To comply with local regulations, BTC.com will cease registering new users from mainland China and expects to start retiring the accounts of existing users in mainland China in an orderly manner starting on October 15, 2021.

Key Points: 
  • AKRON, Ohio, Oct. 14, 2021 /PRNewswire/ --BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that its mining pool subsidiary, BTC.com will exit the mainland China market.
  • BTC.com's discontinuation of service to users in mainland China may adversely impact the consolidated financial statements of the Company.
  • However, the Company believes that its growth in global markets will help offset the loss of business in mainland China.
  • BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

OneTen pledges over 3,000 tech education scholarships over the next ten years to increase Black representation in the tech sector

Thursday, October 14, 2021 - 2:00pm

WASHINGTON, Oct. 14, 2021 /PRNewswire/ -- OneTen announced today the launch of an inaugural scholarship program designed to increase educational opportunities for Black talent without four-year degrees and help them pursue family-sustaining jobs in the tech industry. In partnership with talent transformation platform Udacity and the Blacks In Technology (BIT) Foundation, OneTen will offer a total of 3,500 scholarships for the first two years. This is part of OneTen's 10-year pledge to support Black talent from underserved areas with limited access to skills programs.

Key Points: 
  • This is part of OneTen's 10-year pledge to support Black talent from underserved areas with limited access to skills programs.
  • The 3,500 fully funded scholarships focus on training Black talent on four core tech competencies, Digital Marketing, Business Analytics, Front End Developer and Predictive Analytics.
  • We can take immediate and concrete action to increase the representation of the Black community in the tech sector through this partnership with OneTen and the BIT Foundation."
  • OneTen recognizes the unique potential in everyone every individual, every business, every community to change the arc of America's story with Black talent.

EMCORE Introduces New SDC500 MEMS Inertial Measurement Unit for Commercial and Industrial Applications

Tuesday, October 12, 2021 - 1:30pm

The SDC500 is non-ITAR controlled (ECCN 7A994) and available with no U.S. export license required for most end-users throughout the world.

Key Points: 
  • The SDC500 is non-ITAR controlled (ECCN 7A994) and available with no U.S. export license required for most end-users throughout the world.
  • The performance capabilities of the SDC500 are based on the proven, dependable, and accurate quartz MEMS inertial sensor technology in EMCOREs SDI500 tactical grade IMU.
  • These features make the SDC500 IMU easy to use in a wide range of challenging applications and operating environments.
  • EMCORE has vertically-integrated manufacturing capability at its wafer fabrication facility in Alhambra, CA, and Quartz MEMS manufacturing facility in Concord, CA.

TOMI Obtains EPA Registration of SteraMist® BIT™ 0.35% for Agricultural and Food Safety Use

Monday, October 11, 2021 - 1:30pm

This is the companys third EPA registration and significantly expands Companys addressable markets.

Key Points: 
  • This is the companys third EPA registration and significantly expands Companys addressable markets.
  • The company previous registrations are SteraMist, 90150-1 for mold and mildew and 90150-2 for Hospital-Healthcare facilities.
  • SteraMist BIT0.35% is a low-percentage solution designed for agricultural applications, as well as sites requiring more precise application of ionized Hydrogen Peroxide (iHP).
  • This EPA registration comes after years of research, expansive testing with SteraMist technology, as well as cooperating with the lengthy EPA registration processes during the pandemic.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry. U.S. Bancorp announced that it had launched a cryptocurrency custody service for institutional investment managers who have private funds in the United States and Cayman Islands. According to a report by Reuters, the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well. "Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years," Gunjan Kedia, Vice Chair of the bank's Wealth Management and Investment Services said. ISW Holdings Inc. (OTC: ISWH), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), The OLB Group, Inc. (NASDAQ: OLB), Bit Digital, Inc. (NASDAQ: BTBT)

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Qlik and the Blacks In Technology (BIT) Foundation Team Up to Increase African-American Tech Inclusion in Philadelphia

Wednesday, October 6, 2021 - 1:30pm

PHILADELPHIA, Oct. 06, 2021 (GLOBE NEWSWIRE) -- The Blacks In Technology (BIT) Foundation is proud to have Qlik as a partner to support efforts to increase representation of people of African descent in the greater Philadelphia technology industry.

Key Points: 
  • PHILADELPHIA, Oct. 06, 2021 (GLOBE NEWSWIRE) -- The Blacks In Technology (BIT) Foundation is proud to have Qlik as a partner to support efforts to increase representation of people of African descent in the greater Philadelphia technology industry.
  • As a regional sponsor Qlik will collaborate with BIT Philadelphia to provide training and upskilling for workers who are transitioning into tech and technology industry workers who aspire to advance their career.
  • As a regional sponsor, Qlik can have an immediate and long-lasting impact on the Philadelphia Black community.
  • For more information on the Blacks In Technology Foundation visit: https://foundation.blacksintechnology.net/
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