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HS88 Announces They Are Expanding Web3 Business

pandora
2 minutes

Seoul, Korea, February 09, 2023 - (SEAPRWire) - HS88, led by Chairman Kim Ho Sung, is proud to announce that it will strive to build IPFS infrastructure and network to expand its Web3 business.Web3 is a next generation internet technology that can address the structural limitations of centralized data storage. The core of Web3 is building a storage network, and HS88 has already established a distributed storage network through business agreements with KT and ChainUP last year. Through this MOU, a large scale of IPFS infrastructure and distributed storage were established at KT IDC center, and based on this, optimized mining server and equipment are secured to carry out FIL and Aleo mining projects.Currently, HS88 has invested 10 billion won in two months to mine Filecoin and further expand its investment to increase scalability. For higher transparency, it is clearly disclosing the process of the FIL mining node. In addition, HS88 is also participating in Aleo testnet 3. In order to preempt 25 million Aleo, which will be paid as an incentive to mining companies participating in testnet 3, additional 20 billion won worth of mining equipment was put in and also finished investment fo...

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Soldo Constant Ltd Announces that Eco Mining Solutions Will Purchase Its Reserved Issues of BND Coins Worth More Than $1.5 Million

pandora
4 minutes

Dubai, UAE, December 18, 2022 – (SEAPRWire) – Recently, the Irish company Soldo Constant Ltd announces that it has concluded a preliminary agreement with Eco Mining Solutions, the largest Dubai company for the supply of environmental equipment for mining, on the purchase of its pool of reserved BND coin issue. The transaction also includes the transfer of trademark rights and licensed software. According to the preliminary agreements reached, the transaction amount may amount to $ 1.5 million. In addition, on Tuesday it may be announced that an agreement has been reached on the purchase of 5 innovative IT areas that were developed under the management of Soldo Constant Ltd. Bened is the brand of cryptocurrency produced by Soldo Constant Ltd. About the Bened Hash project, which includes API solutions for fixing chronological events in the blockchain. The preliminary estimate of the value of all assets of Soldo Constant Ltd is 2 million pounds. However, even if the deal is announced on Tuesday, the full amount of the transaction may not be disclosed. Most likely, it will be announced that Eco Mining Solutions will buy all assets at a premium of more than 1 million pounds to their net...

ACN Newswire

The Logic Behind Fosun’s “Weight-loss” Actions: To Focus on the Core Businesses and Deepen Innovation and Globalization

indie
4 minutes

HONG KONG, Nov 16, 2022 - (ACN Newswire via SEAPRWire.com) - Over the past few months, successive "Weight-loss" actions by Fosun International (HKEX: 00656) have come under the spotlight in the capital market.On the evening of 6 November 2022, Yuyuan Inc., a subsidiary of Fosun International, announced its proposal to transfer 654 million shares, or a 20% equity stake, in Zhaojin Mining Industry Co., Ltd. ("Zhaojin Mining") to Jinshan (Hong Kong) International Mining Co., Ltd., a wholly owned subsidiary of Zijin Mining for a total consideration of HK$4.395 billion. In addition to Yuyuan Inc.'s previous stake reduction in Zhaojin Mining on the secondary market in September 2022, Yuyuan Inc.'s shareholding in Zhaojin Mining would be declined to 1.26%. On 19 October 2022, Fosun proposed to transfer 60% of the equity of Nanjing Iron & Steel United Co., Ltd. ("Nanjing Nangang") to Shagang Group at a total consideration of no more than RMB16 billion.Gearing up for Strategic TransformationAfter its investment in both Nanjing Nangang and Zhaojin Mining for a long period of time, the successive proposed disposals of its equity stakes in the two companies are expected to generate a total...

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SOLDO CONSTANT LTD and Eco Mining Solutions Enters into an Agreement to Complete the Transaction on the Hard Mining Bened (BND) Project

pandora
3 minutes

New York, NY, October 19, 2022 – (SEAPRWire) – the leaders of the international concerns SOLDO CONSTANT LTD and Eco Mining Solutions have signed an agreement to complete the transaction on the Hard Mining Bened (BND) project. Boris Batalov and Sergey Kostanich signed the final agreements and sealed the contract with a handshake. According to the press service of Soldo Constant, all the conditions necessary for the completion of transactions have been fulfilled on both sides. It is noted that the agreement was signed within the framework of the VII Eastern Economic Forum. The video of the signing is posted on the official YouTube channel of Eco Mining Solutions. The companies announced the completion of the formation of organizational structures of cooperation, as well as the signing of all final agreements, and the fulfillment of all conditions necessary for the implementation of the international Hard Mining Bened project within the framework of the Strategic Cooperation Agreement concluded in 2021, which, in addition to the joint development of BND coin mining, provides for the exchange of technologies and personnel, as well as the participation of SOLDO CONSTANT LTD participates...

ACN Newswire
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Zijin Mining Announces 2022 Interim Results: Achieved 89.95% Increase in Net Profit Attributable to Owners

indie
6 minutes

HONG KONG, Aug 16, 2022 - (ACN Newswire via SEAPRWire.com) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") announced its interim results for the six months ended 30 June 2022 ("Reporting Period"). The Company realised RMB132.46 billion in operating income, up 20.57% year-on-year, while net profit attributable to owners surged to RMB12.63 billion, representing an increase of 89.95% compared with the same period last year. The profit increase was largely driven by the completion of major mine projects, including Serbia Zijin Mining, Kamoa Copper in the Democratic Republic of the Congo (DRC) and Julong Copper in China, which have commenced production and reached their designated production capacities on schedule. During the reporting period, the production volume of mine-produced copper and mine-produced gold amounted to 410,000 tonnes and 27 tonnes, representing an increase of approximately 70.47% and 22.79%, respectively. Zijin Mining 2022 Interim Results Highlights:For the six months ended 30 June 2022, the Group realised an operating income of RMB132.46 billion, representing an increase of 20.57% compared with the same period last year (same pe...

ACN Newswire
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Alaska Mining Sells 51% Interest to Australian Nanotechnology Specialist

indie
3 minutes

KUALA LUMPUR, Aug 15, 2022 - (ACN Newswire via SEAPRWire.com) - Alaska Mining Sdn Bhd is pleased to announce that its sole shareholder, Lee Hon Kit, is selling a 51% interest in the Company amounting to A$5.0 million (RM15.2 million) under a share sale agreement to Nanopac Alaska Sdn Bhd (NASB).Director of Nanopac Alaska Sdn Bhd Henry Cheang; Managing Director of Alaska Mining Sdn Bhd Lee Hon Kit; Acting CEO of Nanopac Alaska Sdn Bhd Tobby Tan, and Chairman of Nanopac Innovation Limited, Dato' Dr Cheng Kok Leong[L-R]NASB is a unit of Nanopac Innovation Limited, which is listed on the Sydney-based National Stock Exchange of Australia. Nanopac principally engages in the research and development, manufacturing, distribution and servicing of nanotechnology materials and products. Nanopac's other businesses include Nano-Solar panels and raw materials for paint industry. Mr. Lee is the sole shareholder of Alaska Mining, which is an earthworks and mining specialist as well as a trader of a variety of goods and logistics services provider.Under the agreement, the sale of the 51% interest in Alaska Mining by Mr. Lee to NASB will be satisfied through the issuance of new shares in Nanopac to ...

ACN Newswire
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SMI Vantage acquires new high hash rate cryptocurrency mining machines

indie
2 minutes

SINGAPORE, Jul 20, 2022 - (ACN Newswire via SEAPRWire.com) - SMI Vantage is acquiring new Avalon 1266 96TH/s crypto mining machines, to be installed in their mining datacentre in Melaka. The first batch of six machines will be delivered, installed and operational by the end of July 2022.Mark Bedingham, President and CEO of SMI Vantage, commented, "We are pleased to announce that we have acquired new high hash rate machines which will be profitable even with the current bitcoin prices. In the current climate, we are confident that we can take advantage of suppressed machine prices to acquire more high hash rate machines over the next several months."SMI Vantage has received shareholder approval at an EGM held on April 19th, 2022 for a proposed business diversification, following which the Company's cryptocurrency mining machines had become operationally enabled.About SMI VantageSMI Vantage Limited is an investment and management company focused on capitalizing on strong trends in the new economy including Cryptocurrency Mining, and other high-tech SaaS platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced manage...

ACN Newswire
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Klaytn-based mining NFT ‘KlayStore’ Starts first minting on June 7th

indie
2 minutes

New York, NY, June 3, 2022 - (ACN Newswire via SEAPRWire.com) - Klaytn network-based Metaverse Service, 'KlayStore' launches the first minting service on June 7, 2022. A total of 14,000(2,000 per character) limited edition NFT of various job characters is minted, and a staking pool is provided to NFT holders in the first round.The maximum number of KlayStore's minted NFT is 5,000 per character. KlayStore plans to mint 3,000 NFT per character in the next round.Starting from the first minting, staking can be done via STC every day for ten years. Once people mint an NFT by mining power (MP) through this service, users can occupy the world's popular places and landmarks in advance and get rewards for a long time. MP is changed by the levels of characters that users have created or selected and various mining rating systems.Minted character NFT acquires mining power (MP), which becomes the standard of staking pool. In addition, the rewarded STC is planned to be exchanged to KLAY via KLAY swap and converted into cash.Since users can participate in the minting on Klaytn this time, they need a Kaikas or Metamask wallet for using the service. Check KlayStore website (https://klaystore.io/) ...

SeaPRwire
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Kaytn-based mining NFT ‘KlayStore’ Starts first minting on June 7th

pandora
2 minutes

New York, NY, June 3, 2022 – (SEAPRWire) – Klaytn network-based Metaverse Service, ‘KlayStore’ launches the first minting service on June 7, 2022. A total of 14,000(2,000 per character) limited edition NFT of various job characters is minted, and a staking pool is provided to NFT holders in the first round. The maximum number of KlayStore’s minted NFT is 5,000 per character. KlayStore plans to mint 3,000 NFT per character in the next round. Starting from the first minting, staking can be done via STC every day for ten years. Once people mint an NFT by mining power (MP) through this service, users can occupy the world’s popular places and landmarks in advance and get rewards for a long time. MP is changed by the levels of characters that users have created or selected and various mining rating systems. Minted character NFT acquires mining power (MP), which becomes the standard of staking pool. In addition, the rewarded STC is planned to be exchanged to KLAY via KLAY swap and converted into cash. Since users can participate in the minting on Klaytn this time, they need a Kaikas or Metamask wallet for using the service. Check KlayStore website (https://klaystore.io/) for more informat...

SeaPRwire

Metallika.Inc Announces Integration of Blockchain to Mining of Natural Resources

pandora
4 minutes

New York, NY, April 22, 2022 – (SEAPRWire) – Metallika.Inc, a global company focusing on the decentralization of mineral mining, has announced the integration of blockchain technology to its mining operations. The processes involved in mining are made up of a lot of stages with enormous data. In order to make our mining projects available to all investors, no matter big or small, Metallika is launching its own utility token. The company is collaborating in a series of exploration projects that include the granite project (currently in the development stage), beach sand mineral project (feasibility stage), chrome mineral trading, and graphite project (discovery stage). All the mining projects have passed through the initial 4 to 5 stages of the mining lifecycle and can start production within a space of 2 years. The team has also created a decentralized autonomous organization (DAO) to facilitate fast, reliable, and transparent communication among partners in the exploration and mining cycle. The Metallika DAO The decentralized autonomous organization created by the Metallika team is a system designed to operate on the blockchain autonomously. It completely adheres to the rules enco...

ACN Newswire
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Hatten Land Attracts New Partner for its Crypto Mining Activities With Additional 550 Crypto Mining Rigs that can be Installed and Operated in 2022

indie
5 minutes

SINGAPORE & MELAKA, MALAYSIA, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - Hatten Land Limited ("Hatten Land", "Company", and together with its subsidiaries, the "Group") is pleased to announce today that its wholly-owned subsidiary Hatten Edge Pte. Ltd. ("Hatten Edge") has entered into a Crypto Mining Facility and Support Services Agreement ("Agreement") with a new business partner ("Partner"), where up to 550 crypto mining rigs can be added to the Group's crypto mining activites and deployed across its crypto mining facilities in Melaka.The Partner agrees to deliver 50 sets of S19J Pro as pilot batch machines by end of April 2022 for Crypto Mining operation to location(s) designated by Hatten Edge for the provision of Crypto Mining services. Produced by BITMAIN, the world's leading manufacturer of digital currency mining servers, S19J Pro is the top-of-the-line model and considered to be one of the most productive and energy-efficient mining rigs in the market. Under the Agreement, the pilot batch of rigs will be delivered and installed by 30 April 2022 with the option of delivering additional 500 in 2022.Since its strategic pivot towards the digital economy in late 2021...

ACN Newswire
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Alset International Limited establishes Alset Mining Pte. Ltd. to embark on cryptocurrency mining activities

indie
3 minutes

SINGAPORE, Mar 23, 2022 - (ACN Newswire via SEAPRWire.com) - Singapore Exchange-listed Alset International Limited (SGX Stock Code: 40V) ("Alset", the "Company" or together with its subsidiaries, the "Group) wishes to announce that the Company has plans to embark on cryptocurrency mining business through its subsidiary Alset Mining Pte. Ltd. ("Alset Mining").Alset Mining will primarily be engaged in investment within the cryptocurrency mining industry. Cryptocurrency mining refers to the process that verifies and adds new transactions to the blockchain by solving complex mathematical equations for a cryptocurrency. The miner that solves the complex mathematical equations first is rewarded with the respective cryptocurrency. The cryptocurrency mining industry consist of stakeholders such as hardware and software manufacturers, hosting and mining service providers (akin to data centers), as well as corporate and private miners.In the year ahead, Alset Mining endeavours to take advantage of the potential of the cryptocurrency mining space by acquiring mining rigs to create a consistent stream of revenue. The company will also search for low cost sustainable sources of energy such as w...

SeaPRwire
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Private sale is sold out – Pre-sale launched for EnviDa

pandora
4 minutes

Berlin, Germany , January 11, 2022- (SEAPRWire) – EnviDa, sold out for private sale in 2021, December. In 01.01.2022, EnviDa’s pre-sale launched. EnviDa, which has collected € 1.5M through private sales, is pursuing the same success in pre-sale. In recent years, a concept called crypto mining has entered our lives. With cryptomining, a new income source has been born for people. For example; In 2013, miners earned a total of $1 million per month. In 2021, the daily earnings of miners totaled $60 million. However, this was not easy… Mining of the most well-known cryptocurrencies such as Bitcoin, Ethereum became more difficult as the unmined amount decreased. Therefore, different technologies have developed to be able to mine cryptocurrencies. As technology developed, the cost of mining equipment increased. As a result of all these developments, cryptocurrency mining has become complex and inextricable. Old technologies are no longer profitable. The amount of electricity wasted has caused environmental problems. Some countries have banned crypto mining. European Union countries have also been discussing recently about regulating cryptocurrency mining due to the environmental effects ...

ACN Newswire
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Beng Kuang Group Unveils Specialised Dredging Equipment for Offshore Tin Mining Activities

indie
4 minutes

Singapore, Nov 24, 2021 - (ACN Newswire via SEAPRWire.com) - Beng Kuang Marine Limited (the "Company" and together with its subsidiaries, the "Beng Kuang Group"), is pleased to share that its in-house team has designed and developed specialised dredging equipment for offshore tin mining activities.Highlights:- Designed and developed by its in-house team, the specialised dredging equipment has been tested for operational efficiency at various offshore tin mining sites within Indonesia- Strengthening the value propositions and service offerings under the Group's Infrastructure Engineering division as an innovative solutions provider for offshore tin mining activities- With dwindling surface deposits and more tin ore under the seafloor in Indonesia, tin mining activities have been moving to offshore sites in recent years(1)- Opportunities to create new revenue streams from the sales and installation of the proprietary specialised dredging equipment and/or providing offshore dredging services for tin concession holders in Indonesia and MalaysiaNotably, the pilot phase of the Group's specialised dredging equipment was undertaken in collaboration with a leading tin smelter based in Indon...

ACN Newswire

TAOP Signs Memorandum of Understanding to Establish Cryptocurrency Mining Joint

indie
4 minutes

HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP"), a provider of blockchain technology and smart cloud services, today announces that its wholly-owned subsidiary Taoping Digital Assets (Asia) Limited ("TDAA") and a Kazakhstan company Aral Petroleum Capital LLP ("APC") have signed a memorandum of understanding ("MOU") to establish a joint venture in Kazakhstan, of which TDAA and APC will own 51% and 49%, respectively. TDAA will control the board of directors of the joint venture.APC is an oil and gas exploration and development company operating in Kazakhstan, a wholly-owned subsidiary of CaspianEnergy Inc. It holds an exclusive license which entitles it to explore and develop certain oil and gas properties known as the "North Block", an area of 1,916 square km, and a production contract for the area known as "East Zhagabulak". With a strong industry position and integration experience, APC is able to ensure high-quality utility-scale electricity supply at a low cost to the joint venture.The joint venture plans to invest and build cryptocurrency mining sites with a total capacity of 100MW, the first stage construction o...

SeaPRwire

China crypto miners plot their next moves to evade crackdown

elean
4 minutes

BEIJING (BLOOMBERG) - The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference. But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They are looking for ways to stay in crypto, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing. While plenty of miners have fled China, these crypto diehards are betting they can continue to thrive under Communist Party oversight by shifting into lesser-known tokens and decentralised storage technologies with names like Filecoin, Swarm, Silicoin and Chia. It is a high-risk wager at a time when President Xi Jinping's government is ramping up scrutiny of energy-intensive industries and anything that could pose a risk to financial stability. Filecoin is a "grey area business that hasn't yet caught regulators' attention", said Tom, who works for a Shanghai-based firm that makes mining machines. Like many of the people interviewed for this story, he asked not to use his full name given the sensi...

ACN Newswire
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SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

indie
3 minutes

Singapore, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - The Board of Singapore Myanmar Investco Limited ("SMI") is pleased to announce that it has entered a comprehensive non-binding memorandum of understanding ("MOU") yesterday with NASDAQ-listed Internet company The9 Limited, to launch a cryptocurrency cloud mining business. Focusing initially on three types of cryptocurrencies - Bitcoin (BTC), Filecoin (FIL) and Chia (XCH) - the mining business will be hosted in a range of facilities across Canada, US, Central Asia and the ASEAN region to serve customers. This business is expected to commence in Q4 2021 and will be subject to regulatory approval. Following the MOU, SMI has also entered into a cooperation and support agreement yesterday, which includes a range of technical support services to be provided by NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining Software-as-a-Service ("SaaS") company, for an initial five year term, and with an option to extend for another five years, subject to mutual agreement. This agreement also presents SMI with the option to purchase up to 4,000 crypto mining machines, including models such as the Antminer S19j, and t...

SeaPRwire

Bitcoin tumbles further as China tightens crypto crackdown

elean
3 minutes

LONDON (REUTERS)- Bitcoin tumbled on Monday (June 21) to a two-week low on China's expanding crackdown on Bitcoin mining, as investors grew more uncertain about the future of the leading cryptocurrency. Bitcoin fell as low as US$31,333, a two-week trough, dragging down other cryptocurrencies. It was last down 10.7 per cent, its largest daily percentage loss in a month. The world's biggest cryptocurrency has lost more than 20 per cent in the last six days alone and was at half its April peak of almost US$65,000. Year to date, it remained up about 11 per cent. Some Bitcoin investors were concerned further losses could be in store due to a chart formation known as a death cross which occurs when a short-term average trendline crosses below a long-term average trendline. China has been tightening its crackdown on cryptocurrencies. On Friday, the authorities in the south-west province of Sichuan ordered Bitcoin mining projects to close. Last month the State Council, China's cabinet, vowed to clamp down on mining and trading as part of a campaign to control financial risks. On Monday, China's central bank said it recently summoned some banks and payment firms, including China Constructio...

SeaPRwire

Bitcoin jumps after Elon Musk says Tesla will resume its use when mining cleaner

elean
3 minutes

NEW YORK (BLOOMBERG) - Bitcoin jumped above US$39,000 after billionaire Elon Musk said Tesla would resume transactions with the cryptocurrency when mining is done with more clean energy. The electric car maker will allow Bitcoin transactions again "when there's confirmation of reasonable (~50 per cent) clean energy usage by miners with positive future trend", Mr Musk, Tesla's chief executive, said in a tweet. His posting was in reply to a report in Cointelegraph, which cited Ms Magda Wierzycka, executive chair of South African asset manager Sygnia, as saying that Mr Musk's recent tweets on Bitcoin should have prompted an investigation by the United States Securities and Exchange Commission. The cryptocurrency gained as much as 9.3 per cent to US$39,372 on Sunday afternoon in New York, the highest level since June 3 and just below the US$40,000 round-number level seen as key by some chart watchers. It was down about 1 per cent to US$38,881 as at 7am in Hong Kong on Monday (June 14). "The tweet added to positive momentum as Elon's stance seems to be moderating and providing a target that's not far away," said Mr Jonathan Cheesman, head of over-the-counter and institutional sales at c...

SeaPRwire

Bitcoin plunges after Elon Musk’s Tesla stops taking it for car payments over climate concerns

elean
3 minutes

BENGALURU (REUTERS) - Tesla has suspended the use of bitcoin to purchase its vehicles because of climate concerns, chief executive officer Elon Musk said in a tweet on Wednesday (May 12), reversing the company's stance in the face of an outcry from some environmentalists and investors. Bitcoin, the world's biggest digital currency, dropped as much as 15 per cent after the tweet, sliding below US$50,000 (S$66,670) in Asian trading. Tesla revealed in February it had bought US$1.5 billion of bitcoin and would soon accept it as payment for cars, driving a roughly 20 per cent surge in the world's most widely held cryptocurrency. Mr Musk on Wednesday said Tesla would not sell any bitcoin, and intends to use bitcoin for transactions as soon as mining transitions to more sustainable energy. "We are also looking at other cryptocurrencies that use Mr Musk said in March that Tesla customers can buy its electric vehicles with bitcoin. The digital currency is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that currently often relies on electricity generated with fossil fuels, particularly coal. At current rat...