Author: CryptoCurrencyNews

Qareeb and Pantheon forge strategic partnership for rollout of Bitcoin mining data centres across GCC

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MANAMA, Bahrain, Feb. 11, 2025 /PRNewswire/ — Qareeb Data Centres, the Middle East’s first edge data centre provider, and Pantheon, a full-service global Bitcoin mining service provider, announced today they have signed a Memorandum of Understanding (MoU). This MOU sets out a strategic partnership between Pantheon and Qareeb to cover the rollout of Pantheon Bitcoin mining data centres across the Middle East region.


Jim Niemeijer, Pantheon, & Annemarie van Zadelhoff, Qareeb Data Centres

As part of partnership, Qareeb will act on behalf of Pantheon to secure sites adjacent to locations where Qareeb has secured, or is in the process of securing, sites to build its own colocation facilities. In addition, the Qareeb team will deliver fully-fitted and operational solutions for Pantheon as part of its build process as well as provide a full suite of engineering, operations, security and FM services.

“Partnering with Pantheon represents a significant opportunity for Qareeb, as we collaborate with one of the most exciting visionaries in the Bitcoin mining industry,” said Annemarie van Zadelhoff, Chief Strategy Officer at Qareeb. “Pantheon’s dedication to innovation and operational excellence aligns perfectly with our mission to deliver state-of-the-art data centre solutions across the Middle East. By leveraging our expertise in turnkey project management, site acquisition, permitting and operations, we are proud to ensure Pantheon’s facilities are fully fitted, operational, and supported by our 24/7 regional team. This partnership reflects our shared commitment to building a future-ready digital infrastructure and setting new standards for innovation and resilience in the region.”

Nick van Houtrijve, COO and Founder of Pantheon, added: “Pantheon’s expansion into the GCC is a strategic milestone as we continue to set new benchmarks for operational efficiency and performance. This partnership with Qareeb enables us to establish robust infrastructure in one of the fastest-growing Bitcoin mining markets globally.”

Jim Niemeijer, Head of Business Development at Pantheon, concluded: “With Qareeb’s unparalleled regional expertise and our capabilities, we are confident in delivering value to our investors and clients. Together, we’re creating a blueprint for the future of digital finance.” 

About Qareeb Data Centres

Qareeb Data Centres is on a mission to deliver world-class Edge Data Centre solutions in the Middle East, enabling businesses in their digital transformation through delivering best in class infrastructure tailored for cloud and AI-driven growth, with transparency and a customer-first approach at the core. Headquartered in Bahrain, Qareeb fuses international and local expertise to ensure a consistent exceptional customer experience tailored to regional needs.

To find out more, visit www.qareebdc.com/ 

About Pantheon
Pantheon is a global Bitcoin mining company dedicated to building efficient, profitable mining operations. Through its Mining as a Service (MaaS) model, Pantheon offers clients tailored solutions that simplify Bitcoin mining for HNWI and financial institutions. By combining cutting-edge technology and customized infrastructure, Pantheon empowers clients to participate in Bitcoin mining without the complexity of setting up their own operations. Headquartered in Europe, Pantheon’s mission is to build decentralized financial infrastructure through profitable Bitcoin mining solutions. To find out more, visit: https://www.pantheonmining.com/

This press release has been issued by Qareeb Data Centres Corporate Communications.

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SOURCE Qareeb Data Centres

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KuCoin 2024 Annual Review: A Year of Resilience, Growth, and Transformation

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VICTORIA, Seychelles, Feb. 10, 2025 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange market, proudly announces its achievements in the 2024 Annual Review. The year was marked by a whirlwind of activities, significant growth in user base and trading volumes, and steadfast enhancements in security measures and regulatory compliance.

In 2024, KuCoin witnessed an unprecedented tripling of spot trading volumes in the MENA region, with Europe following closely with a 144% increase. This significant growth underscores KuCoin’s robust platform and market strategy adaptiveness. The exchange now serves over 38 million users globally, noting the most rapid growth in LATAM and MENA regions. Additionally, the number of new listings on KuCoin doubled in 2024, with a standout 170% increase in the fourth quarter alone compared to the third quarter. The futures trading platform also saw substantial growth, adding 125 new assets and attracting over 3 million new users, with a total 30% growth in Q4 user numbers.

KuCoin’s security and regulatory compliance remained a cornerstone of operations throughout 2024. As the first global exchange registered with India’s Financial Intelligence Unit (FIU), KuCoin leads the industry in adhering to stringent regulatory standards. With five global regulatory licenses, KuCoin continues to set the benchmark for security and compliance. The settlement with the DOJ further strengthens KuCoin’s position and allows it to focus more on growth and innovation, underscoring its commitment to operating within legal frameworks and maintaining the highest integrity.

The year also saw the launch of innovative platforms like GemPool and GemVote, which have significantly engaged the community and driven user interaction with new token listings. The Trading Bot platform witnessed a 49% increase in new bots in Q4 alone, demonstrating KuCoin’s leadership in automated crypto trading solutions.

KuCoin remains committed to impactful CSR activities, such as the “Light Up Africa” project, which distributed 10,000 solar lamps, benefiting 50,000 children across various communities.

As the industry moves into 2025, KuCoin is focused on continuing its growth trajectory, emphasizing security, innovation and user experience. There will be more upcoming enhancements that are dedicated to providing exceptional value and service to crypto users globally.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 39 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Bit Digital, Inc. Announces Monthly Production Update for January 2025

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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of January 2025.


(PRNewsfoto/Bit Digital, Inc.)

 Corporate Highlights for January 2025

  • The Company earned approximately $4.9 million of total unaudited HPC revenue[1] during the month of January 2025.
  • Treasury holdings of BTC and ETH were 768.7 and 27,689.6 with a fair market value of approximately $78.7 million and $91.3 million, respectively, on January 31, 2025.
  • The BTC equivalent[2] of our digital asset holdings as of January 31, 2025, was approximately 1,663.0 or approximately $170.3 million.
  • The Company had cash and cash equivalents of $74.3 million and total liquidity (defined as cash and cash equivalents, USDC, and the fair market value of digital assets) of approximately $244.6 million in January 2025.

Colocation Services Revenue Highlights

  • The Company had 14 customers actively generating revenue at its Tier-3 Enovum Data Center facility, as of January 31, 2025.
  • The Company’s HPC data center colocation revenue was approximately CAD $757.8k (approximately USD $522.9k) in January 2025.

GPU Cloud Highlights

  • The Company had 268 servers (2,144 GPUs) actively generating revenue from its Bit Digital AI contracts, as of January 31, 2025. The Company earned approximately $4.4 million of total unaudited GPU Cloud revenue during the month of January 2025. In addition, the Company received $131K in cash payments from its equipment leasing contract with Boosteroid during the month of January 2025.
  • On January 22, Bit Digital entered into a new agreement with a key customer for 464 Nvidia B200 GPUs, expanding its GPU Cloud business. This new agreement replaces a prior agreement whereby the Company was to provide the customer with an incremental 2,048 H100 GPUs and the Company continues to explore additional GPU contracts with this customer for 2025. Under the terms of the agreement, Bit Digital will provide the customer with 58 Nvidia B200 servers (464 GPUs) for a period of eighteen months. The contract represents approximately $15 million of annualized revenue for Bit Digital and features a two-month prepayment from the customer.

Digital Assets Highlights

  • In January 2025, the Company produced 28.7 BTC, an 11.4% decrease compared to the prior month. The decrease was primarily driven by a change in the Company’s hosting portfolio, ongoing redeployment of mining assets to new sites, and the retirement of older generation miners.
  • In January 2025, the Company’s active hash rate was approximately 1.6 EH/s, an 11.1% decrease compared to the prior month. The decrease was primarily driven by a change in the Company’s hosting portfolio, ongoing redeployment of mining assets to new sites, and the retirement of older generation miners.
  • 191 Bitmain Antminer S21 mining units were delivered to a new hosting site in the month of January 2025.
  • The Company had approximately 21,568 ETH actively staked in native staking protocols as of January 31, 2025.
  • Bit Digital earned a blended APY of approximately 3.6% on its staked ETH position for the month of January 2025.
  • The Company earned aggregate staking rewards of approximately 65.8 ETH during January 2025.

Other Highlights

  • As of January 1, 2025, the Company officially transitioned to domestic issuer status under U.S. securities regulations.

Upcoming Events

  • Fireside Chat with H.C. Wainwright on February 12.

About Bit Digital

Bit Digital, Inc. is a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City. The Company’s HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (“Annual Report”). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: “We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in China in a certain period from now on.” Although the statute of limitations for non-compliance by our former business in the PRC is generally two years and the Company has been out of the PRC, for more than two years, the Authority may still find its prior bitcoin mining operations involved a threat to financial security. In such event, the two-year period would be extended to five years. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors. See “Safe Harbor Statement” below.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

[1] Total HPC Revenue includes GPU Cloud revenue and Colocation services revenue. This figure excludes revenue from signed contracts that have not yet commenced. Cash payments from its equipment leasing contract with Boosteroid are also not included in Total HPC Revenue for accounting reasons.

[2] “BTC equivalent” is a hypothetical illustration of the value of our digital asset treasury holdings in bitcoin terms. BTC equivalent is defined as if all non-BTC digital assets, comprised of ETH, and USDC, were converted into BTC as of January 31, 2025, and added to our existing BTC balance. Conversion values are found using the closing price on coinmarketcap.com. Our digital asset portfolio excludes digital assets invested in a third-party managed fund.

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SOURCE Bit Digital, Inc.

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DuelNow Launches $DNOW Token Delivering Membership Rewards for Users

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LISBON, Portugal, Feb. 7, 2025 /PRNewswire/ — DuelNow – the trailblazing sports prediction market – is thrilled to announce the launch of its platform’s native token, $DNOW.


DuelNow Logo

The $DNOW token empowers DuelNow users by enabling access to a dynamic tiered membership system that unlocks exclusive benefits. By holding $DNOW, users can enjoy  reduced platform fees and increased referral earnings.

Every time one of your referees joins or creates a prediction, you earn!

Membership Tiers: Rewarding Engagement and Loyalty

New and existing users will be invited to progress through DuelNow’s six-tier membership system, ranging from Rookie to Legendary. Each tier increases the potential referral rewards and reduces platform fees, providing users with more opportunities to maximize their earnings.

The level of referral incentives is determined by your membership tier at the time of referee action, rewarding you based on your current $DNOW holdings. By maintaining or increasing the $DNOW in your connected wallet, you can ensure your membership tier and its benefits remain at their highest level.

Simon Yu, CEO of DuelNow, said, “The $DNOW token and membership tiers reward users for holding tokens, increasing engagement, boosting referral earnings, and reducing fees based on membership level. This launch gives users more value as they participate.” He added that he believes, “$DNOW and Membership Tiers build a platform focused on community and rewarding long-term users.”

Recent Platform Enhancement

DuelNow has recently upgraded its user interface to enhance user experience significantly. The new design simplifies the process of creating and joining predictions, features a more intuitive layout, and includes a prediction slip for quicker transactions. These updates were designed to further integrate user engagement with the sports prediction market.

Airdrop for Early Participants

To reward early participants, DuelNow will offer an exclusive $DNOW token airdrop in 2025 to users who take part in the ongoing Quests & Points program. Participants can earn points by creating predictions or joining those of others.

Additional details about the airdrop will be shared in early 2025. New users can still join the program and start earning points by signing up today.

Users can sign up for DuelNow today to earn their first 1,000 points..

About DuelNow

DuelNow is an innovative sports prediction market where users take full control. This peer-to-peer platform enables custom odds and direct competition, removing traditional intermediaries. By eliminating the house and any house advantage, DuelNow ensures a transparent and user-focused experience. Profit with your sports predictions.

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SOURCE DuelNow

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Bybit Registers with FIU-IND and Commits to the Indian Markets

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DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully registered with FIU-IND, reinforcing its commitment to regulatory compliance in India. As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters, further demonstrating its dedication to transparency and the highest standards in the Indian market.

Bybit is committed to operating within the regulatory framework of India and takes its compliance obligations seriously. We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act (“PMLA”) and associated regulations. We recognize the importance of robust Anti-Money Laundering (“AML”) and Combating the Financing of Terrorism (“CFT”) measures and are dedicated to upholding the highest standards in these areas.

We believe that our engagement and cooperation throughout the FIU-IND registration process demonstrates our commitment to compliance. We have been actively working to fulfill all necessary requirements for compliance, including its registration application on 26 June 2024 as a Virtual Digital Asset Service Provider (“VDASP”) in India.

Bybit is also proactively involved in the Indian crypto community to educate users and spread awareness. Bybit is currently a Silver Associate Member with the Bharat Web3 Association (“BWA”) . Through this partnership, we hope to use our platform to promote Web3 adoption and foster innovation in the Indian crypto ecosystem.

Bybit’s not-for-profit initiative Blockchain for Good Alliance (“BGA”) has partnered with blockchain societies of top universities like Blockchain Society of IIT Delhi and Blockchain Society of IIT Kharagpur to drive crypto education in India. Bybit will also be conducting a series of hackathons, workshops, and other events in partnership with top universities to foster crypto and blockchain education and awareness within the Indian market in the coming months.

Bybit recognizes the great potential of the Indian market, and is committed to offering the best services and products to all Indian users, including Spot, Derivatives, Options, Bybit Earn, and more.

Bybit Registers with FIU-IND and Commits to the Indian Markets

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.co
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Abundance Summit – World’s Highest Level CEO/Entrepreneurs Summit – Announces 2025 Faculty and Program

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Visionaries including Palmer Lucky, Travis Kalanick, Arianna Huffington, Brett Adcock,
Cathie Wood, and Vinod Khosla to address “Technological Convergence” and the future
of exponential technologies

LOS ANGELES, Feb. 5, 2025 /PRNewswire/ — Abundance360 (A360), the premier leadership community for exponential entrepreneurs, investors and innovators, announces its faculty line-up for the annual 2025 Abundance Summit taking place March 9-13 in Los Angeles.


Abundance360 Logo (PRNewsfoto/Peter Diamandis)

This one-of-a-kind, five-day summit, hosted by Peter H. Diamandis, MD, founder of Abundance360, Singularity University and XPRIZE, brings together entrepreneurs and CEOs leading $10 million to $10 billion companies to explore the theme of “Technological Convergence”—the fusion of exponential technologies poised to redefine industries and societies.

This year’s summit features prominent leaders including Brett Adcock (Founder, CEO, Figure), Arianna Huffington (Founder & CEO, Thrive Global), Travis Kalanick (Co-Founder, Uber), Cathie Wood (CEO, ARK Invest), Vinod Khosla (Founder, Khosla Ventures), Anthony Scaramucci (Founder, SkyBridge Capital), Palmer Luckey (Founder, CEO, Anduril), Jared Kaplan (co-Founder, CSO, Anthropic) and many more leading minds in technology, business, and innovation.

From fireside chats and keynotes to hands-on experiences at the Google Tech Hub, this year’s summit is designed to inspire and educate attendees and equip them with actionable insights to tackle global challenges and harness the power of exponential technologies. Topics will include:

  • AI, Humanoid Robots & Quantum Computing
  • Exponential Tech: AR, 3D Printing, Sensors, Networks, Drones
  • Biotech, Health & Human Longevity
  • Crypto, Bitcoin & Blockchain
  • Moonshot Thinking

“We are on the brink of unprecedented technological breakthroughs transforming every aspect of our lives, from how we run our companies, our nation and educate our children. There has never been a more important time to understand the impact of converging exponential technologies. The 2025 Abundance Summit is designed to empower leaders and entrepreneurs to harness the full potential of these advancements, driving transformative change and shaping a brighter future for all,” said Peter H. Diamandis, MD, Founder and Chairman of Abundance360.

Abundance360 is Singularity University’s highest-level program, and 2025 is the 13th year of the Summit’s operation. A360 supports its 500+ members in shaping a “Massive Transformative Purpose” and taking on a Moonshot focused on solving the world’s biggest problems by leveraging converging exponential tech. Admission to A360 and the Abundance Summit is only through application and interview.

The 2025 Abundance Summit is sponsored by Google, Invisible Technologies, Exponential Ventures (xpv.ai), Abra, Fountain Life, Starlink, and Lucid Motors.

Please visit abundance360.com/a360-invite to learn more about joining the Abundance Community.

About Abundance360 Membership & Community
Abundance360 (A360) is a premier global community of 500 entrepreneurs, CEOs, and investors united by a shared focus on transformative technologies and impactful innovation. A360 is perhaps the highest level membership of its type with membership levels ranging from $10,000 to $70,000. Designed for leaders running companies valued from $10 million to $10 billion, A360 offers an exclusive year-round program featuring an annual Summit, quarterly virtual workshops, member forums and an annual Platinum Longevity Trip. Members gain access to cutting-edge advancements in AI, biotech, and exponential technologies, as well as a private hub and member-matching tools to foster strategic connections. A360 empowers its members to think boldly, pursue Moonshots, and create meaningful change, while building a close-knit network of like-minded visionaries committed to shaping a better future for humanity. Learn more at abundance360.com/a360-invite.

About Peter H. Diamandis, MD
Peter is a serial entrepreneur, futurist, technologist, New York Times Bestselling Author, and the founder of PHD Ventures and over 25 companies. Fortune magazine has named Peter “One of the World’s 50 Greatest Leaders.” He is the Founder and executive chairman of the XPRIZE Foundation which has launched over $400 million of incentive competitions, driving more than $4 billion in R&D (most recently launching the $100 million Gigaton Carbon XPRIZE funded by Elon Musk to combat climate change). Peter’s venture fund, BOLD Capital Partners is deploying $600M+ into exponential technologies and health-biotech. Diamandis has written six books including four New York Times bestsellers, and his life’s mission is to empower entrepreneurs to create a hopeful, compelling and abundant future for humanity. Diamandis received his B.S. and M.S. from MIT and his MD from Harvard Medical School.

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SOURCE PHD Ventures

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CleanSpark Releases January 2025 Bitcoin Mining Update

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626 bitcoin mined and 40 EH/s surpassed in operating hashrate

More than 8% fleet efficiency improvement month over month

LAS VEGAS, Feb. 4, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today released its unaudited bitcoin mining and operations update for the month ending January 31, 2025.


CleanSpark, Inc. Logo (PRNewsfoto/CleanSpark, Inc.)

“CleanSpark powered through January, continuing to improve efficiency and reach new milestones despite historic weather events across several of our regions. We crossed the 40 EH/s milestone, achieved more than 10,500 bitcoin held in treasury, and celebrated the five-year anniversary of our uplisting on Nasdaq by ringing the bell last week,” said Zach Bradford, CEO and President of CleanSpark. “Now, the entire team is focused on executing our path to 50 EH/s and building on our top three position across operating hashrate, marginal cost per coin, fleet efficiency, bitcoin held, and total uptime. This month we saw our interruptible power contracts in action as we curtailed portions of the portfolio during extreme cold weather events. We demonstrated our ability to support our utility and community partners, specifically during the coldest five days, and the benefit to our broad regional portfolio strategy by mitigating downtime in the Southeast with limited interruption across our other regions. Despite the weather, construction in Tennessee, Georgia, and Wyoming continues as we march toward our midyear goal.”

January Bitcoin Mining Update (unaudited)

  • Bitcoin produced in January: 626
  • Total bitcoin holdings as of January 31: 10,556
  • Month-end operating hashrate: 40.1 EH/s
  • MW under contract: 873 MW1
  • Month-end fleet efficiency: 16.15 J/Th
  • Total bitcoin sold in January: 22.47
  • Deployed fleet: 217,272
  • CY2025 bitcoin produced: 626

Throughout January 2025, the Company’s average hashrate was 34.76 EH/s and average fleet efficiency was 17.37 J/Th, resulting in an average of 20.19 bitcoin mined daily. The single day high reached 22.89 bitcoin. The Company sold 22.47 bitcoin during January 2025 at an average price of approximately $100,412 per bitcoin.

1MW includes all contracted power capacity for wholly owned sites and excludes contracted capacity through hosting agreements and/or other non-binding arrangements.

Additional Updates
Twin City, Georgia. A new 12 MW site in Georgia housing S21 Pro miners is almost fully online, with approximately 0.7 EH/s contributing to CleanSpark’s operating hashrate. The remaining 0.1 EH/s is expected to come online in the coming weeks.

Cheyenne, Wyoming: We are actively deploying in our technologically advanced immersion environment and remain on track for completion in this quarter. Full deployment is expected to contribute 5 EH/s to CleanSpark’s most efficient hashrate once fully energized using the latest generation S21 XP Immersion machines.

About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: completion and performance of Jackson, Tennessee, Cheyenne, Wyoming, and Twin City, Georgia data centers; anticipated additions and targets to CleanSpark’s hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Barbara Domingo
702-989-7693
ir@cleanspark.com

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

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Bybit Crypto Ark Experience Store: Bringing the Open Ecosystem to Life in Dubai

Written by CryptoCurrencyNews on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

DUBAI, UAE, Feb. 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, redefines the ecosystem experience at the heart of MENA’s Web3 hub with the first brick and mortar Bybit Crypto Ark Experience Store. At the exclusive opening event on Jan. 17 at the Bybit headquarters, the brand new space was unveiled to the global crypto community.

A New Chapter in Ecosystem-Driven Innovation
Welcoming diverse members of the crypto ecosystem, Bybit gave over 100 attendees a glimpse of Web3’s future through an immersive experience at Bybit’s famed Crypto Ark. The guests were treated to an evening of inspiring conversations and crypto innovations. Panels and pitches captured the latest trends and revolutionary solutions in crypto, featuring prominent guest speakers and founders from The Crypto Hub, Tiny Trader, the storied Ghaf Capital, PWR Chain, Griffin AI, Moonring, Dragon Fram, among others.

Speakers from Bybit also opened up with a deep dive into the platform, showcasing the advanced products and features most popular among its users. The rapid-fire session provided visitors with an overview of Bybit’s comprehensive offerings, from wealth management, institutional solutions, VIP programs, to Web3 product innovation, all within an hour.

To The Heart of Innovation at the Crypto Ark
The new hub of blockchain and crypto innovation spans an impressive 16,000 sq. ft. at Dubai‘s CBD, fully dedicated to community building and the BUIDL ethos of the Web3 generation. It manifests Bybit’s vision to create an open space for dialogues both on-chain and in real life, driving forward blockchain innovation through collaborations and trust.

“We welcome everyone who shares our passion for crypto and a smart-contract-enabled future, and it would be the highest honor to see changes materialize at the Bybit headquarters,” said Michelle D, UAE Country Manager at Bybit. “An ecosystem only thrives on a diverse supply chain of resources and talent. The Bybit’s Crypto Ark Experience Store provides traders with a space to explore and experience Bybit products, while offering builders a platform to test their ideas and turn their dreams into reality.”

Bybit Crypto Ark Experience Store

Bybit is committed to creating real-world impact with the global crypto community, and its door is open to entrepreneurs, traders, and blockchain technology enthusiasts who are looking for an intellectual home and creative space. Find out more about the the Bybit Crypto Ark Experience Store and stay tuned for future events: Application Form.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube


Bybit Logo (PRNewsfoto/Bybit)

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SOURCE Bybit

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ZK International’s xSigma Corp. Plans to Launch xSigma Wallet: A Crypto Platform for Buying Memecoins & Digital Assets with Credit Cards

Written by CryptoCurrencyNews on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

WENZHOU, China, Jan. 31, 2025 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZK International” or the “Company”), is pleased to announce that its subsidiary, xSigma Corp., continues its commitment to technological advancements by planning the launch of xSigma Wallet, a next-generation crypto banking wallet that will enable users to seamlessly buy memecoins and cryptocurrencies using Visa / Mastercard credit cards, Apple Pay, PayPal, and Google Pay.


(PRNewsfoto/ZK International Group Co., Ltd.)

As part of this initiative, xSigma Wallet will also introduce its own xSigma Visa credit card, allowing users to top up their balance with crypto, providing greater accessibility and flexibility for digital asset holders.

A FinTech Platform Built for Security & Convenience

xSigma Wallet will be regulated in the U.S. and serve customers in over 170 countries, ensuring compliance with financial regulations while providing users with a secure and trusted digital asset experience. The wallet is being developed by the xSigma team, with regulated financial services provided by a white-label provider.

Key Features of xSigma Wallet:

  • Buy Crypto & Memecoins – Users can purchase popular cryptocurrencies instantly with credit cards and Apple Pay.
  • xSigma Visa Credit Card – A crypto-backed Visa card, enabling users to spend their digital assets easily.
  • Secure & Regulated – Registered in the U.S., ensuring a compliant financial framework.
  • White-Labeled Platform – Designed to be branded and operated under xSigma’s ecosystem.
  • Non-Custodial Storage – xSigma will offer a secure, non-custodial way to store memecoins and major cryptocurrencies.
  • On-Ramp Services – The wallet will provide simple fiat-to-crypto on-ramp services, allowing users to buy memecoins with minimal effort.
  • Strategic Partnerships – xSigma plans to partner with various memecoins to become their official on-ramping partner.

Strong Market Demand for Memecoins & On-Ramp Services

The recent traction of Trump’s memecoin and Moonshot, a competing app that processed a record-breaking $400 million in trading volume on day one, indicates a strong demand for seamless on-ramp services for assets like memecoins. xSigma Wallet aims to meet this growing need by offering a frictionless and compliant way to purchase, store, and spend digital assets.

“At xSigma, we are committed to driving innovation in the digital asset space,” said Mr. Huang Jiancong, Chairman of ZK International. “The launch of xSigma Wallet is a major step forward in providing users with a secure, regulated, and user-friendly way to engage with cryptocurrencies and memecoins. As the market evolves, we aim to set the standard for compliant and seamless on-ramp solutions.”

Looking Ahead

The launch of xSigma Wallet represents another milestone in xSigma Corp.’s strategy to stay relevant in blockchain innovation and the digital infrastructure of tomorrow. More details, including launch dates and platform availability, will be announced in the coming months.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About xSigma Corp.

xSigma Corp. is a blockchain R&D lab and a subsidiary of ZK International Group Co., Ltd. (Nasdaq: ZKIN). The company focuses on decentralized finance (DeFi), blockchain-based payments, and financial technology innovations.

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. 

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee.  It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.  

Safe Harbor Statement 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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SOURCE ZK International Group Co., Ltd.

Featured Image: Unplash @ Kanchanara

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Lavenhill Securities Limited Leverages SpaceX Momentum to Explore Cryptocurrencies and Blockchain Technology

Written by CryptoCurrencyNews on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

CENTRAL, Hong Kong, Jan. 31, 2025 /PRNewswire/ — Lavenhill Securities Limited, a global financial services firm, is capitalizing on the groundbreaking momentum of SpaceX to expand its focus on cryptocurrency and blockchain technologies. Inspired by SpaceX’s relentless pursuit of innovation in space exploration, Lavenhill Securities aims to harness the transformative power of decentralized digital assets to revolutionize the financial sector.

SpaceX Soars to New Heights

SpaceX’s valuation has reached $350 billion, making it the most valuable startup globally. After a recent tender offer, investors are benefiting from a significant increase in valuation compared to the earlier $210 billion figure, currently pricing them at $185 per share.

Cryptocurrencies for Global Financial Solutions

Recognizing the growing popularity of cryptocurrencies, Lavenhill Securities is looking at the potential to simplify cross-border transactions, save costs, and increase accessibility for customers globally. This strategic emphasis complements Lavenhill’s commitment to provide cutting-edge solutions in a continuously changing financial world. Improving Decentralized Finance (DeFi) with AI.

Commitment to Innovation and Progress

Lavenhill Securities Limited encourages financial innovation while maintaining security, transparency, and sustainability. The company’s innovative approach reflects SpaceX’s vision for the future via cutting-edge technology.

 “At Lavenhill, we are inspired by SpaceX’s ability to redefine boundaries,” said Theodore Grayson, Sr. Finance Director at Lavenhill Securities.  “This momentum motivates us to embrace blockchain and cryptocurrencies as transformative tools that will not only redefine finance but also enable us to explore possibilities far beyond Earth.”

About Lavenhill Securities Limited

Lavenhill Securities Limited is a global financial services firm specializing in innovative solutions across investment banking, asset management, and financial technologies. Committed to driving progress, Lavenhill continuously adopts advanced technologies to shape the future of finance.

For media inquiries, please contact:
Catherine Yip
Public Relations
Website: https://lavenhillsecuritiesl.com
Phone: +85258030864
Address: MW Tower, 111 Bonham Strand, Sheung Wan, Hong Kong

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SOURCE Lavenhill Securities Limited

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