Toronto, Ontario–(Newsfile Corp. – March 31, 2020) – Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) (“Hut 8” or “the Company“), one of the world’s largest public cryptocurrency mining companies by operating capacity and market capitalization, today announced that it will release its fiscal year 2019 financial results pre-market open on Friday, April 3, 2020.
A conference call has been scheduled to discuss the Company’s year-end financial results, hosted by CEO Andrew Kiguel and CFO Jimmy Vaiopoulos, starting at 10:00 a.m. ET Monday April 6, 2020.
Date: Monday, April 6, 2020
Time: 10:00 a.m. ET
Dial-In: 1 (888) 465-5079, Canada 1 (888) 424-8151, US
Passcode: 7760 654#
In addition, Hut 8 has transferred all its hash power from the Bitfury Pool to Slushpool. The Company made this change to a larger pool to allow for more consistent payouts. Slushpool was one of the first mining pools having started in 2010 and has mined over 1 million bitcoin over its history.
ABOUT HUT 8 MINING CORP.
Hut 8 is a bitcoin mining company with industrial scale operations in Canada. In total, Hut 8 owns and operates two sites in Alberta, Canada utilizing 94 BlockBox AC data centers with current maximum operating capacity of 107 MW and 952 PH/s.
Hut 8 creates value for investors through low production costs and appreciation of its bitcoin inventory. The company provides investors with direct exposure to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. Investors avoid the need to create online wallets, wire money offshore, and safely store their bitcoin.
The Company’s common shares are listed under the symbol “HUT” on the TSX and as “HUTMF” on the OTCQX Exchange.
Key investment highlights and FAQ’s: https://www.hut8mining.com/investors.
Hut 8 Corporate Contact:
Chief Executive Officer
Tel: (647) 256-1992
Chief Financial Officer
Tel: (647) 256-1992
Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology, such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Hut 8 as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the “Risk Factors” section of the Filing Statement dated March 1, 2018 relating to the Qualifying Transaction of Oriana Resources Corporation and Hut 8, which is available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Toronto, Ontario–(Newsfile Corp. – March 31, 2020) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) announces that CEO Dominic Frisby is resigning from the company due to family illness.
“It is with great regret that I have to stand down from Cypherpunk Holdings, so early in our company’s evolution. I see such enormous potential both with the company and privacy technology more generally. However, some extremely difficult circumstances have arisen at home that have forced my hand, and I am unable to carry on. I have enjoyed my time as director and CEO enormously, and I would like to thank the board for having given me this opportunity. I am sorry my departure is so sudden.”
With the Covid-19 crisis ongoing, the board has decided it would be inappropriate to appoint a new CEO at present. Instead the focus will be on reducing costs and preserving capital. For the time being, a committee comprised of several directors of the board will run the day-to-day business of the company until a new CEO is appointed.
Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Cypherpunk’s common shares trade on the Canadian Securities Exchange under the symbol “HODL”.
More details, and the latest company presentation, can be found at the company website: https://cypherpunkholdings.com/
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Investor Relations Contact:
Cypherpunk Holdings Inc.,
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53997
Toronto, Ontario–(Newsfile Corp. – March 31, 2020) – Hydro66 Holdings Corp. (CSE: SIX) (the “Company” or “Hydro66“) is pleased to announce that today it has entered into a secured convertible loan agreement with David Rowe, a significant shareholder and a director of the Company, and with Robert Keith, a significant shareholder of the Company (the “Loan Agreement“).
The maximum amount of the loan will be USD$1,000,000 (the “Loan“) in the aggregate, convertible at the market price of the common shares at the date of conversion, with the initial advance of USD$300,000 to be advanced on or before April 6, 2020 (using a Bank of Canada exchange rate on March 27, 2020 for conversion of amounts advanced in USD to Canadian dollars) (the “Initial Advance“). The remaining amounts of the Loan may be requested by the Company, if necessary, on or before December 31, 2021, in the same amounts as advanced by such lender under the Initial Advance. The Company will request that any amount advanced be made in Canadian dollars, however, the Company acknowledges that the lenders may make advances in either British Sterling or USD.
The Loan will be evidenced by second ranking secured convertible promissory notes in favour of the lenders for each advance under the Loan (the “Notes“). The maturity date of the principal amount, interest and any fees of the Loan is seven (7) years from the date of the Initial Advance and the rate of interest is 10% per annum. The interest for the initial two (2) years of the Loan shall not be payable until such time as the Loan is repaid in full.
The Loan will be secured by a general security interest, ranking second to a previous secured loan granted by the Company in 2018, over all of the assets of the Company, and through a guarantee of the Company’s operating subsidiary in Sweden. Under the general security agreement, the Company will agree, among other things, to not pledge, sell, lease or otherwise dispose of its assets, other than in the normal course, without prior written consent of the Note holder.
The Notes issued pursuant to the transaction and any Common Shares issued on conversion of the Notes will be subject to a statutory hold period in Canada of four months and one day following the issuance of the Notes in accordance with applicable securities laws. Additional resale restriction may be applicable under the laws of other jurisdictions.
The transaction constituted a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101“) as certain insiders of the Company agreed to advance USD$1,000,000 in connection with the Loan (using a Bank of Canada exchange rate on March 27, 2020 for conversion of amounts advanced in USD to Canadian dollars). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the transaction by the insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the first advance of the Loan, which the Company deems reasonable in the circumstances in order to complete the transaction in an expeditious manner.
Immediately prior to the execution of the Loan Agreement, David Rowe had ownership and control over a total of 51,233,650 common shares of the Company, representing 39.21% of the issued and outstanding common shares. Assuming a conversion by Mr. Rowe of all of the amounts owing or potentially owing under the Loan Agreement, using a Bank of Canada exchange rate on March 27, 2020 and a conversion price for all amounts under the Loan Agreement of C$0.09 per share being the trading price of the common shares on close of business day immediately prior to the entering of the Loan Agreement, Mr. Rowe would acquire ownership and control over a total of 8,995,840 common shares of the Company, representing 6.44% of the issued and outstanding common shares. Immediately following such conversion, together with the common shares already owned by Mr. Rowe and assuming conversion of convertible securities of the Company held by Mr. Rowe, Mr. Rowe would have ownership and control over 85,197,019 common shares of the Company, representing 44.94% of the issued and outstanding common shares on a partially diluted basis.
Immediately prior to the execution of the Loan Agreement, Robert Keith had ownership and control over a total of 37,523,574 common shares of the Company, representing 28.72% of the issued and outstanding common shares. Assuming a conversion by Mr. Keith of all of the amounts owing or potentially owing under the Loan Agreement, using a Bank of Canada exchange rate on March 27, 2020 and a conversion price for all amounts under the Loan Agreement of C$0.09 per share being the trading price of the common shares on close of business day immediately prior to the entering of the Loan Agreement, Mr. Keith would acquire ownership and control over a total of 6,621,937 common shares of the Company, representing 4.82% of the issued and outstanding common shares. Immediately following such conversion, together with the common shares already owned by Mr. Keith and assuming conversion of convertible securities of the Company held by Mr. Keith, Mr. Keith would have ownership and control over 60,215,505 common shares of the Company, representing 35.54% of the issued and outstanding common shares on a partially diluted basis.
The Note is intended to be acquired for investment purposes. Messrs. Rowe and Keith have a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities of the Company either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Messrs. Rowe and Keith’s early warning report will appear on the Company’s profile on SEDAR within two days following the issuance of the Note and may also be obtained at such time by calling (416) 361-2817 (Suite 401, 217 Queen Street West, Toronto, Ontario, M5V 0R2).
Hydro66 owns and operates an award-winning colocation data centre in Sweden specializing in High Performance Computing (“HPC”) hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 accredited facility.
Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data centre market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden.
For more information please visit: www.hydro66.com
FOR MORE INFORMATION, PLEASE CONTACT:
Chief Commercial Officer of Hydro66 UK Limited
(+44) 7789 915 147
Director of Corporate Development
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53990
The TECH Conference Europe 2020 Spring Edition becomes a hybrid conference.
We have some important updates about the upcoming TCE2020 Spring Edition.
Due to the many travel restrictions, we have decided to create a Virtual Conference which gathers Tech professionals to discuss the vital topics with which companies in Europe and around the world are dealing with.
The Virtual Conference will take place on the 9th of June and everyone is invited to join and hear how Mobility, EdTech, Artificial Intelligence, Blockchain, Fashiontech, and Fintech companies are embracing the current events and helping globally.
In order to secure your virtual seat, make sure to register here (no travel needed, you can attend from the comfort of your home or office)
PLEASE NOTE: If you are already a registered delegate of TCE Spring Edition, you don’t have to purchase a new ticket!
“As the world is sailing into uncharted waters, it is not likely that you will have the possibility to travel in the upcoming 3 months, so we are giving the chance for tech professionals, startups, investors to attend a full day of quality learning and networking from the comfort of their home” stated Zoltán Tűndik, Co-Founder and Head of Business at Hipther Agency.
The agenda of the conference has been updated and now addresses current affairs with panel discussions that revolve around the current topics which many tech industries are facing.
Among the topics of the conference, you will find discussions such as:
- Champions Of Mobility During Global Pandemic
- Fashiontech – Is The Fashion Sector Suffering Or Innovating?
- Global Consumer Sentiment During Pandemic And Boosting Essential Services
- Edtech Becomes An Essential Part Of Teaching And Providers Show Camaraderie
- Fintech, Blockchain And Fintech, Blockchain At The Forefront Of Fighting The Pandemic
More topics will be added to the agenda as the demand is high from tech companies. We are inviting all industry experts to nominate speakers here.
The speakers and moderators
Among the already confirmed speakers and moderators you can find: Jovita Gabnienė (Attorney at Law, Head of Litigation & Investigations Team at Ellex Valiunas), Stefania Barbaglio (Founder and Director at Cassiopeia Services), Erja Retzén (Senior Managing Director, Global Listing Services at Nasdaq), Filipa Neto (Innovation Principal at Farfetch), Kostandina Zafirovska (General Manager of IT Labs), Sukhi Jutla (COO & Co-founder at MarketOrders), Kamilė Kliukienė (Legal Counsel at Telia, Women Go Tech alumni), Jaka Repanšek (Media and TECH Law Expert), Rauno Parras (Director of parcel services at Itella Estonia), Marek Kopanicky (Consultant at Slovak Investment and Trade Development Agency), Gerard Martret (Co-Founder & CCO at Shotl), Vytautas Karalevičius (Co-founder at Bankera), Magith Noohukhan (Customer Engagement Evangelist at Braze), Dean Rakic (Chief Blockchain Officer at Blockcontrol Germany), Ricky Booker (Founder & CEO at Tradestreet), Slava Jefremov (CPO at Cointraffic), Vesa Perälä (CEO and Founder at Claned Group), Karim Coppola (Founder and Creative Director at VISORE LAB) and Alexander Belov (Co-Founder at Coinstelegram).
More speakers will be added along the way.
Sponsors and Partners
We are also happy to announce that IT Labs, the main sponsor of the conference has opted to support both virtual and live editions of the event.
For further inquiries about the peaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency).
Among the supporters of the conference, you will also find the Georgian Venture Capital Association as a strategic partner, and leading media outlets such as Coins Flare, Embassy of Blockchain, CoinPedia, TechEvents Online, AI Time Journal, Cassiopeia Services, iBlock.tv, TechieScoops, DigitalScounting.de and many more.
Visit www.virtualedition.techconferenc.eu for more details!
For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).
TECH Conference Europe (TCE) Spring Edition, BTech and NTech Awards
TCE Spring Edition will become TCE Summer and will be held on the 4th of August. More information about the topics and speakers will be announced at a later stage.
The online voting stage for BTech and NTech Awards 2020 has been stopped and will be reset in order to allow all participants to focus on different matters.
A new online voting stage will be started between 1 and 30 June. Further information will be released in the upcoming weeks.
Hipther Agency (organizers of TECH Conference Europe) press contacts:
Zoltan Tuendik, Head of Business
firstname.lastname@example.org, +40 735 559 234
Alex Marginean, Marketing Specialist
email@example.com, +40 731 394 220
Baltic and Nordic AI, Blockchain, Fintech, and Gaming companies are battling for 60 award categories at two dedicated awards in Tallinn, Estonia.
The one-stop agency is running two conferences in the first business week of May and both of them are featuring special awards ceremonies which are going to reward the hard work of companies in the Baltic and Scandinavian (Nordic) regions.
While both conferences have different audiences and feature different topics, the team is inviting interested parties to register for both conferences and spend a productive week in Tallinn, Estonia.
“It’s no longer a secret that we are uniting our two media and events brands under Hipther Agency and we are also launching new services and events which will help the entry of tech companies into the entertainment industry and vice versa. We are also organizing separate events for each vertical we cover and 2020 is our test year. We are happy to say that we are already seeing great results and feedback which helps us to build on the success and plan for the upcoming launches and the achievement of our goals by 2025” stated Zoltán Tűndik, Co-Founder and Head of Business at Hipther Agency.
TECH Conference Europe, the Baltic and Nordic Tech Awards 2020
The first event in the agenda is the Spring Edition of TECH Conference Europe (TCE), a platform and conference series that plans to tour the most innovative regions of the European Union by organizing 6 yearly events by 2025. The inaugural edition of the conference will be held on the 5th of May at Radisson Blu Hotel Olümpia. You can register here!
The conference is also known as the TCE Baltics and will feature several panel discussions, keynote speeches, networking and learning possibilities, and a special awards ceremony. You can find more details by visiting www.techconference.eu
The Baltic and Nordic Tech Awards aim to reward the hard work of companies from the region which have shown important evolution in the fields of Artificial Intelligence, Blockchain, and Fintech. You can find more details about the BTech Awards 2020 and the NTech Awards 2020 here.
Nominated companies have to battle a month of online voting which is now open for the public to decide who will reach the shortlists in each category.
You can view the list of nominated companies and vote for your favorites on this link.
The online voting stage will close on the 31st of March at midnight and the top 5 companies in each category will advance to the shortlists.
The shortlisted companies are invited to join TCE Baltics where the final winners of each category will be decided by the attending delegates of the conference by a final voting stage.
MARE BALTICUM Gaming Summit, the Baltic and Scandinavian Gaming Awards 2020
The second event of the week is the 3rd edition of the leading boutique style gambling industry conference of the Baltic and Scandinavian region, the MARE BALTICUM (Baltic Sea) Gaming Summit, which gathers gambling industry professionals, regulators, government official, operators and software/service providers for a full day of quality learning and networking.
MARE BALTICUM Gaming Summit will be held on the 7th of May at the same hotel (Radisson Blu Hotel Olümpia) and you can register on this link.
The Baltic and Scandinavian Gaming Awards 2020 (BSG Awards 2020) is the most prestigious gambling industry awards ceremony which recognizes the most important companies in the region.
The online voting stage is now live and gambling industry experts are now invited to vote for their favorite operators, software provider and connected service providers of the casino and sports betting industries.
You can view the list of nominated companies and vote for your favorites on this link.
BSG Awards 2020 follows the same process, the online voting stage is set to finalize on the 31st of March, and the final winners are decided in the same matter, but this time by the attendees of MARE BALTICUM Gaming Summit.
More details about the conference can be found on www.marebalticumgaming.com
Industry experts identify the top tech enterprise startups
London, UK and San Francisco, CA, USA – February 24th 2020 – The Eighth Edition Tech Trailblazers Awards winners were announced today, recognising outstanding early-stage companies across 10 major enterprise technology categories alongside three additional special categories.
For the third year running, the Security category attracted most entries, having first overtaken the Cloud category in 2017. And, for the first time, judges were unable to split two nominees, choosing instead to name joint winners in the Female Tech Trailblazer of the Year category. Geographically, an increasingly clear majority of winners are founded and/or based in the USA.
The complete list of 2019 winners:
- AI: Balbix – www.balbix.com, @balbixinc, USA
- Big Data: Confluent – www.confluent.io, @ConfluentInc, USA
- Blockchain: Gospel Technology – www.gospel.tech, @gospel_tech, UK
- Cloud: Apstra – www.apstra.com, @ApstraInc, USA
- Containers: Portworx – www.portworx.com, @portwx, USA
- IoT: BitBox – www.bitboxusa.com, @bitboxusa, USA
- FinTech: Divido – www.divido.com, @divido, UK
- Mobile: Valyant AI – www.valyant.ai, @ValyantAI, USA
- Security: ShiftLeft – www.shiftleft.io, @ShiftLeftInc, USA
- Storage: LucidLink – www.lucidlink.com, @Lucid_Link, USA
- Firestarter Award: HighByte – www.highbyte.com, @HighByteInc, USA
- Female Tech Trailblazers of the Year: Neena Dasgupta, CEO of Zirca Digital, www.zirca.in, India, @ndasgupta; and Neha Sampat, founder and CEO of Contentstack, www.contentstack.com, USA, @nehasf
- Male Tech Trailblazer of the Year: Cody Cornell, co-founder and CEO, Swimlane, www.swimlane.com, USA, @codycornell
Visit http://bit.ly/TrailblazersWinners8 for more details of the winners and runners-up in each category.
Rose Ross, founder of the Tech Trailblazers Awards, said: “Given the maturity of some categories, it’s fantastic to see that award-winning innovation continues in every category. A highlight is that judges named joint winners in a category for the first time We congratulate all the winners both on their trailblazing and on their efforts to bring these innovations to market.”
The Tech Trailblazers Awards was the first independent awards program dedicated to enterprise information technology startups. Every year since 2012, it has identified the most innovative entrants and concepts in enterprise technology: startups are invited to nominate themselves, with shortlists for each category chosen by the Tech Trailblazers Awards’ panel of leading IT industry experts. Winners are identified by a combination of judging panel opinions and public vote.
The Tech Trailblazers Awards is supported by sponsors and industry partners including AfriLabs, Amoo Venture Capital Advisory, beSUCCESS, bnetTV, BigDataStartups, China AXLR8R, the Cloud Security Alliance, Computing, ExecEvent, GFT, GoMoNews, The Green Grid, GSMA, The Icehouse, Innovation Warehouse, Internet of Things Events, IP EXPO Europe, Launchpad Europe, L’Informaticien, Lissted, MIT/Stanford Venture Lab, The Next Silicon Valley, Outsource, Prezi, The Register, Silicon Cape Initiative, Skolkovo, StarTau, Startup America, Storage Networking Industry Association (SNIA), Tech in Asia, TechNode, TiE Silicon Valley, Wazoku, Ventureburn and VMware.
Media contact for Tech Trailblazers Awards
Vicki Porter, Omarketing, +44 20 8255 5225, firstname.lastname@example.org
About the Tech Trailblazers Awards
Recognising startup innovation since 2012, Tech Trailblazers is designed explicitly for smaller businesses and startups less than six years old and at C-series funding or below. Early stage startups (2 years or less, without VC funding) are able to apply for a chosen tech category free of charge via the new Firestarter bursary and are automatically submitted for the Firestarter award. In 2016, the Tech Trailblazers Awards introduced the Female and Male Tech Trailblazers of the Year categories to celebrate individual success within senior members of enterprise tech startups.
- Digital Realty launches upgraded €70 million facility in Clonshaugh, Dublin as part of Ireland’s growing data centre sector which has contributed €7.13 billion to Ireland’s economy in the last decade
- The opening expands Digital Realty’s PlatformDIGITAL™ offering in Europe
- Dublin currently 39th out of 60 global Digital Capitals Index, but set to rise as AI, IoT, Blockchain and 5G impact
- Digital Realty predicts that this emerging tech boom, driven by AI, IoT, Blockchain and 5G will add an additional €6.37 billion to Dublin’s economy by 2029
DUBLIN – 5 March 2020 – Digital Realty (NYSE: DLR), a leading global provider of data centre, colocation and interconnection solutions, announced today the official opening of its Clonshaugh data centre, the latest facility in its portfolio of data centres in Dublin, Ireland.
The data centre, which represents a €70 million investment, follows the company’s previous €200 million investment in the Dublin data centre market, culminating in the opening of its Profile Park campus last May. The new Clonshaugh facility supports the further growth of Dublin’s technology ecosystem, which is predicted to experience a multibillion-euro technology boom over the next decade, according to a study commissioned by Digital Realty and conducted by Development Economics, an economic consultancy providing robust research for clients ranging from Barclays to Facebook.
Dublin to thrive as AI, IoT, Blockchain and 5G arrive
The Digital Realty-commissioned study – Digital Capitals Dublin Report – examines the value that innovative technologies will deliver to the city’s economy over the next decade through new jobs, businesses, industries and efficiencies in public services.
Dublin ranks 39th out of the 60 digital cities studied by Development Economics. However, when adjusted for population size, Dublin’s ranking improves by 31 places, putting the city in 8th place overall. The report predicts that Dublin will climb four places higher by 2029, due to the rapid growth of the technology sector in the city.
The report focuses on four of the most widely discussed technology innovations as key drivers for this growth: Artificial Intelligence (AI), the Internet of Things (IoT), Blockchain and 5G.
Aggregate Annual Value to Dublin’s Economy, 2019
Table 1: Dublin – contribution of four digital technologies: 2019 (€UR, 2019 prices), ‘Digital Capitals Dublin Report’
These four innovative technologies added approximately €1.23 billion to Dublin’s economy in 2019, with IoT contributing the most at €630 million (51% of the total) primarily through improvements in operational efficiencies.
AI is the second most impactful with an estimated contribution of €390 million in 2019 (32% of the total) through applications such as those that combat money laundering. Blockchain generated approximately €180 million in value (17%), and 5G, still in its early stages, added an additional €30 million (2%).
2029 growth predictions
Digital Realty’s investment in its new Clonshaugh facility is designed to underpin the growing importance of these data-led technologies to Dublin’s economy, by ensuring the city’s businesses have a digital-ready infrastructure to adopt and deliver on complex technology. Through Digital Realty’s PlatformDIGITAL™, customers will be able to connect their entire digital ecosystem together with one data centre provider while simultaneously solving complexities such as increased demand, global coverage and additional capacity requirements.
By 2029, these new technologies are primed to contribute even more growth, with an estimated €6.37 billion added to Dublin’s economy, €5.14 billion more than in 2019.
Aggregate Annual Value to Dublin’s Economy, 2029
Table 2: Dublin – contribution of four digital technologies: 2029 (€EUR, 2019 prices), ‘Digital Capitals Dublin Report’. NOTE: Some columns or row totals may not sum exactly due to rounding of decimals
By 2029 the most growth is expected to come from 5G, with its economic contribution to Dublin’s economy set to increase by approximately 1,000% over the next decade, from €30 million in 2019 to €1.12 billion in 2029, as 5G becomes the foundation for the deployment of many other innovative, data-led technologies.
AI is predicted to be the biggest driver with an estimated 46% increase in value. IoT is predicted to contribute a further 22%.
“Over the past few years, Dublin has firmly cemented itself as the data centre capital of Europe and our investment in Clonshaugh comes as a direct result of the increased demand we’re seeing there,” says Jeff Tapley, EMEA Managing Director, Digital Realty.
“Dublin is on the cusp of a technology revolution that could drive substantial economic growth for the city for years to come. However, in order for this to become a reality, businesses need to ensure that they’re investing in secure digital infrastructure that’s both flexible and adaptable. Businesses can rely on our secure platform to connect to and deliver the critical technology they need to succeed, from AI to IoT, from one city and country to anywhere in the world in order to efficiently scale and grow.”
“This latest investment from Digital Realty shows that Ireland is optimally placed to capitalise on transformative technologies and data driving the Industrial Revolution 4.0 including secure data that will require a robust data centre infrastructure,” says Garry Connolly, Founder and President, Host in Ireland.
Notes to Editors
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
Media & Industry Analyst Relations
+1 (415) 508-2812
+1 (415) 738-6500
Digital Capitals Dublin Report Methodology
Research was undertaken by Development Economics, an economic consultancy providing highly robust research, market analysis and advice for private and public sector clients. Development Economics clients include Barclays, NFU, RBS and Facebook.
Development Economics’ approach to the study involved several key steps.
First, a desk-based review was undertaken focusing on the evidence regarding the business benefits of digital technology. The review also identified potential sources of the latest available data covering international business and economic datasets.
Second, Development Economics used publicly available economic, demographic and business datasets to identify and benchmark global cities for comparative review.
Third, a set of potential digital economy indicators was proposed and agreed with Digital Realty. We selected ten indicators covering the following factors:
- The overall size of the city-level economy
- The activity scale of companies operating in data-intensive business sectors and the rate of adoption of digital technology among other businesses
- The scale of consumer demand for data and digital applications
- The presence of a leading university or universities in cities
- The quality of telecommunications infrastructure
- The proportion of workforce with advanced data skills
- The stability of the local political environment, levels of crime and other metrics of city governance
- Quality of life indicators, such as the quality of health, public education, the efficiency of public transport and environmental indicators
- Support for the data sector such as open data policies
Publicly available datasets, sourced from NGO and governmental groups, were used for each of the ten indicators and fed into a set of recognized models for the weighting of economic impact.
Fintech serving crypto-related businesses joins forces with leading AML provider, Bitfury Crystal
Vilnius, Lithuania – 26th February, 2020 – Globitex, a high-growth fintech serving crypto businesses, has today announced a cooperation with Bitfury Group’s Crystal Blockchain, which provides boosted Anti Money Laundering compliance and security measures to its clients through the Bitfury Crystal™ platform.
The partnership with Bitfury Crystal, which comes in the wake of the EU’s Fifth Money Laundering Directive (5AMLD), will see Globitex providing regulatory-standard AML and CFT compliance to its clients. Globitex’s customers – crypto-related businesses and retail traders – will benefit from improved functionality that helps identify suspicious transactions, stolen funds and cryptocurrencies that have passed through mixers.
In addition, new tools create improved risk mitigation when dealing with particular coins, greater protection of client data and advanced analytics capabilities to better understand the risk profiles of different coins. The new functionality covers compliance for bitcoin and a variety of other digital currencies, with inbuilt encryption for secure storage of client data.
Uldis Teraudkalns, CEO at Globitex said “5AMLD has brought cryptocurrencies under a governance the industry can trust—crypto businesses are required to comply with anti-money laundering rules and perform Know Your Customer (KYC) checks. This new regulation gives legitimate businesses the opportunity to prove that they can operate successfully in a regulated environment and gain more trust. Like any other industry, this requires working with expert partners that understand the crypto sector and can guarantee compliance. This partnership with Bitfury Crystal demonstrates our commitment as a licensed, compliant provider to help our clients demonstrate their legitimacy and bring stability, reliability and trust.”
“Bitfury Crystal is looking forward to working with Globitex to provide safe and secure AML measures for their institutional and retail clients. This collaboration shows where the digital asset space is heading as a result of further regulatory advances and strengthening industry transparency,” said Marina Khaustova, CEO at Bitfury Crystal.
A leading blockchain analytics program backed by an expert team, the Bitfury Crystal platform enables configurable risk scoring capabilities based on a sophisticated machine-learned algorithm. Crystal analytics also offers risk scoring for bitcoin, and other mainstream cryptocurrencies including Ethereum (ERC20 and ERC721), Bitcoin Cash, Litecoin and Tether.
About Bitfury Crystal (https://crystalblockchain.com/)
Crystal is the all-in-one blockchain analytics platform, providing a comprehensive view of the public blockchain ecosystem. Crystal is available as a SaaS, API, or as an on-premise installation. Crystal Blockchain is engineered by the Bitfury Group, the world’s leading full-service blockchain technology company.
About Globitex (https://globitex.com/)
Emerging from stealth mode in 2017, Globitex is a high-growth fintech, creating financial infrastructure that bridges the crypto and fiat worlds for businesses looking to transact in any currency, anywhere in the world. Its EURO Wallet is a regulated IBAN current account for fiat currency that can be integrated into a crypto exchange’s offering, making access to the exchange simple.
Globitex serves over 100 crypto businesses in more than 20 countries. Its expertise and heritage in cryptocurrency, and its strict KYC and AML processes, mean that it understands and meets the needs of crypto businesses, allowing them to function in a secure and compliant way. Through its infrastructure, credible crypto-related businesses can transact with other crypto-related entities without falling foul of providers that do not understand compliant crypto trading.
Henry Clatworthy & Alice Pedder, CCgroup PR
+44 203 824 9200
Rachel Pipan, Bitfury Crystal
Koin Rewards & Fidel bring loyalty and card-linking together to reward meaningful behaviours for the greater good
Ethical rewards platform enables merchants to reward customers for sustainable shopping using Fidel’s card linking API
17th July 2019, London: Having just announced their Seedrs crowdfunding campaign, Koin Rewards, the ethical rewards platform built on the blockchain, today announces that it has partnered with card linking API Fidel to build a responsible and sustainable rewards programme for shoppers.
Koin Rewards is working with Fidel to build a community of merchants and members based upon shared ethical behaviours. Koin Rewards is using Fidel’s PCI-compliant card linking API to enable merchants to automatically reward their customers for shopping responsibly and sustainably.
Koin Rewards’ members can quickly and easily connect their Mastercard, Visa or Amex card to their Koin Rewards account using Fidel’s API technology. Every time they shop at a participating merchant, they will automatically earn and be notified of rewards.
Curt Hopkins, CEO, from Koin Rewards, says “Our ambition for Koin Rewards is to offer a truly global loyalty programme, which is why our relationship with Fidel is so exciting. With Fidel we are able to onboard any merchant that accepts Visa and Mastercard payments, welcoming them to our community of merchants committed to driving change for the greater good. In working with Fidel, we have developed an alliance of shared ambitions, which is of significant importance as we seek to do the same for merchants and our members, matching them together based upon their shared values that encourage responsible consumption and production.”
Sina Saidinayer, Head of Business Development at Fidel, said: “We are delighted to be powering Koin Rewards to build a card-linked loyalty programme that rewards sustainable and responsible shopping. Fidel’s vision is to democratise access to financial data globally, so we’re proud to support such an innovative project that drives real value back to customers.”
With their platform in private beta, Koin Rewards is now running a crowdfunding campaign. If you are interested in finding out more about this campaign, you can register for exclusive access on Seedrs: https://koinrewards.seedrs.com.
About Koin Rewards
Koin Rewards is a fintech company, reimagining loyalty through responsible shopping and tokenisation. Koin Rewards exists to encourage more meaningful behaviours. We believe greater recognition should be given to the people that drive positive change for the good of humanity, nature and the environment. That’s why we provide an ecosystem that not only matches our members with merchants that share the same values but also puts them in control of the rewards they earn through the Koin digital currency.
Fidel makes transactional data accessible through a single access point so businesses can create web and mobile applications using real time payment data. By linking customer payment cards to reward programs, businesses like Avios Perkbox and TopCashback are turning payments into loyalty. Fidel is backed by the UK government’s Technology Strategy Board (Innovate UK) and Horizons Ventures.