Blockchain
Bitcoin Miner Canada Computational Unlimited Corp. Commences Trading as “SATO”
Toronto, Ontario–(Newsfile Corp. – September 16, 2021) – Canada Computational Unlimited Corp. (TSXV: SATO) (the “Company” or “CCU.ai”) is pleased to announce that it has been approved for trading on the TSX Venture Exchange (the “TSXV“) at the opening of the market day as of September 16th, 2021 under the stock symbol ‘SATO‘.
For information on Canada Computational Unlimited Corp. please visit www.ccu.ai. For upcoming investor events and company updates please subscribe here: CCU_Updates
Key Highlights
- Fully operational, high-grade, 100% renewable energy crypto mining facility in place
- Successfully mining Bitcoins since 2017 and Ethereum since 2021
- 150 PHs equivalent of Mining Power with around 7.5MW of energy running now
- 12.5MW of energy remaining to be built in Joliette center for reaching a possible equivalent of 600 PHs of mining power, with intention for more centers to come for future growth
- Utilizing renewable energy to support high-grade crypto-mining, AI data processing, and fintech infrastructure
- Team to increase and advance our large-scale mining fleet software
- All coins are newly minted and traceable. 3 years of audited accounts with Raymond Chabot Grant Thornton/Catallaxy
- Established by Mathieu and Romain Nouzareth, two French “serial entrepreneurs” with recent backing of True Global Ventures, one of the fastest-growing blockchain equity funds, which just closed a $100 million raise.
Romain Nouzareth, CEO and Chairman of CCU.ai commented “We are excited to bring this opportunity to market. Renewable Energy is the driving force of the future and sustainable infrastructure that will support computing power is critical to this green energy transition. CCU.ai presents investors with an opportunity to participate in a resource efficient investment and the crypto market respectively. We are also delighted to have obtained the SATO ticker as an homage to Satoshi Nakamoto and the Bitcoin White Paper published in 2008.”
For full terms on the transaction please reference the release available on www.ccu.ai dated September 07, 2021.
On behalf of the board,
Romain Nouzareth,
CCU.ai CEO and Chairman
About CCU.ai
CCU.ai operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.
Founded in 2017, CCU.ai is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth.
About True Global Ventures
True Global Ventures 4 Plus (TGV 4 Plus) (https://www.tgv4plus.com/) is a global Venture Capital firm, regulated in Singapore, built by a group of very experienced entrepreneurs with a solid track record investing their own money together with Limited Partners into early-stage and late-stage ventures run by serial entrepreneurs leveraging Technology, Data, AI and Blockchain as a competitive advantage to drive change with proven products. TGV 4 Plus invests in Equity across 4 main verticals: Infrastructure, Financial Services, Data Analytics & AI, and Entertainment, in companies which are using the latest technology including the Blockchain / Distributed Ledger Technology. Made by serial entrepreneurs for Serial Entrepreneurs, the TGV 4 Plus Fund has a presence in 20 cities across the globe. Based out of Singapore, Hong Kong, Taipei, Seoul, Dubai, Moscow, London, Stockholm, Paris, Warsaw, New York, San Francisco, Vancouver among others. True Global Ventures closely supports the portfolio companies to accelerate growth in new markets, expand internationally, introduce new clients, build management teams, establish new partnerships and leverage on 3000+ B2B relationships across the globe.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the Transaction and certain terms and conditions thereof, the ability of the parties to complete the Transaction, the Consolidation, the Exchange Ratio, the Name Change, the Resulting Issuer’s ability to qualify as a Tier 1 Life Sciences issuer, the TSXV sponsorship requirements, the finding of a sponsor, shareholder, director and regulatory approvals, future press releases and disclosure, and other statements that are not historical facts. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. As a result, the Corporation cannot guarantee that the Transaction will be completed on the terms described herein or at all. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
For additional information, please contact:
Caroline Klukowski
Tel: 604.260.5490
[email protected]
Canada Computational Unlimited Corp. (“CCU.ai”)
INVESTORS can read more about CCU high-grade, carbon-free bitcoin mining and ESG vision at: www.ccu.ai/investors
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96750
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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