Blockchain
HyperBlock Takes Delivery of Next Generation Bitmain Servers and Places New Order for $2.9M Additional Next Generation Servers
HyperBlock Inc. (“HyperBlock” or the “Company“) (CSE: HYPR) confirmed today that the first batch of a US $1.1M shipment of Bitmain’s new 7nm Bitcoin mining servers has arrived on North American shores. HyperBlock expects to fully deploy the new servers this month, boosting its Bitcoin computational power and better positioning the Company for future growth and improved profitability.
Additional Order for US $2.9M of 7nm Servers Placed
HyperBlock Inc. also announced that it has placed an additional US $2.9M order with Bitmain for additional 7nm servers. The Company expects delivery to occur prior to calendar year-end and anticipates deployment of those servers to increase its datacenter hashrate, with significantly more efficient electricity consumption.
Servers Financed by US $2M CEO Loan and Cash on-Hand
The Company financed its new server investment through a US $2M loan from CEO Sean Walsh that was previously announced and completed in June 2019, along with cash on-hand from cryptocurrency mining operations and additional internal cash resources.
In the meantime, normal operations continue at the Company’s 20MW US datacenter, where it currently operates at an average electricity price below US $0.04 per kWh. Current power contracts are expected to be active into Q3 2022 and HyperBlock expects to continue to grow profitability as it focuses on replacing older Bitmain S9 servers with new, more efficient servers.
Update on Audit Status
While the Company continues to work diligently with its recently appointed auditors so that it may complete the filing of its financial statements, management’s discussion and analysis and related officer certifications for the financial year ended December 31, 2018 (the “2018 Annual Filings”), the complexity of providing consolidating financial statements and other information has delayed the Company from completing its 2018 Annual Filings by July 31, 2019 as previously announced. The Company now anticipates its auditors may not complete their work until September — and will continue to provide further updates as the audit process progresses.
SOURCE HyperBlock
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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