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HIVE Digital Technologies Completes Phase 2 of Its Yguazú Project in Paraguay Reaching 18 EH/s, Producing 8 Bitcoin per Day from Hydroelectric Power
Newsfile· 2025-09-03 05:00
Core Insights - HIVE Digital Technologies Ltd. has completed Phase 2 of its Yguazú project ahead of schedule, achieving a global Bitcoin mining capacity of over 18 Exahash per second (EH/s) [3][4] - The company is currently mining over 8.5 Bitcoin per day, utilizing renewable hydroelectric energy from the Itaipú Dam in Paraguay [3][4] - HIVE's dual business model includes Bitcoin mining and AI cloud computing, positioning the company for growth in both sectors [5][13] Company Operations - The Yguazú site now operates with 200 megawatts (MW) of hydroelectric power, contributing to a global fleet efficiency of approximately 18.5 Joules per Terahash (J/TH) [4] - HIVE anticipates that upon completion of the Valenzuela site, it will reach a total capacity of 25 EH/s, with projected daily Bitcoin production of approximately 12 BTC [8] - The company has successfully managed the installation of ASICs and is on track for further expansion, with all necessary capital expenditures already made [9][11] Future Projections - HIVE expects to maintain consistent growth aligned with the established economics of its Paraguay operations, with each incremental exahash increasing daily production and revenue potential [12] - The company has a predictable cost structure due to fixed-rate hydroelectric power and minimal incremental labor costs [12] - Management emphasizes the importance of operational excellence and creating lasting value for shareholders through disciplined growth [5][13]
SOLOWIN HOLDINGS Announces Intent to Acquire U.S. Licensed Bank to Accelerate Global Financial Expansion
Globenewswire· 2025-09-02 20:30
Core Viewpoint - Solowin Holdings is negotiating the acquisition of a U.S.-licensed financial institution, which is expected to significantly enhance its global expansion strategy and service offerings [1][3]. Group 1: Acquisition Details - The acquisition is structured as a "clean-charter," removing all legacy assets and liabilities, allowing Solowin to operate a fully regulated banking platform [2]. - Securing a U.S. banking license will enable Solowin to provide a comprehensive suite of international banking services, including deposit-taking, lending, and payment processing [2]. Group 2: Strategic Importance - The acquisition is viewed as a game-changer for Solowin, providing strategic flexibility to innovate and scale fiat-based services [3]. - The move is part of Solowin's global compliance strategy and aims to lay a foundational pillar for the future of digital finance [3]. Group 3: Company Overview - Solowin Holdings, founded in 2016, operates in both traditional and Web3 industries, creating a full-spectrum ecosystem that bridges traditional and decentralized finance [4]. - The company leverages its licensed subsidiaries to deliver compliant traditional finance, real-world asset tokenization, and global digital payment solutions [4]. Group 4: Business Enhancements - The acquisition is expected to enhance Solowin's global payment infrastructure, improving fiat on/off-ramps and correspondent banking relationships [7]. - It will facilitate the issuance and servicing of tokenized real-world assets, providing secure access to U.S. dollar-denominated investments for global investors [7]. - The company aims to strengthen its institutional-grade offerings through a regulated platform for custody and wealth management across global assets [7].
X @Circle
Circle· 2025-08-28 16:00
Circle Alliance Program member @AminaBankGlobal is helping bridge traditional and digital finance with crypto banking.By supporting access to @USDC and EURC, AMINA helps individuals and institutions to transact with confidence across a global infrastructure.https://t.co/5g5jXD2WTJ ...
X @🚨BSC Gems Alert🚨
🚨BSC Gems Alert🚨· 2025-08-27 13:16
Project Overview - Artgis Finance is building an AI-powered Layer-2 on BNB Chain to connect TradFi and digital finance [1] - The project aims to enable fast, secure settlement and seamless Real World Asset (RWA) integration [1] Technological Features - The platform utilizes a layered architecture and Athena AI system for intelligent asset management in Web3 [1] - It offers low fees, high throughput, and cross-chain capabilities [1] Use Cases - Artgis Finance focuses on cross-border payments, RWA tokenization, and yield optimization [1] - The project aims to push BNB Chain toward real-world adoption [1]
X @Cointelegraph
Cointelegraph· 2025-08-27 06:01
Digital Finance & Stablecoin - Monex Group is considering launching a yen-pegged stablecoin to keep pace in digital finance [1] Industry Trend - Chairman Oki Matsumoto cites the need to keep pace in digital finance [1]
X @BSCN
BSCN· 2025-08-26 16:02
Overview - ArtGis Finance is connecting traditional finance and digital finance using blockchain and AI [1] - The company is transforming liquidity solutions for a $120 trillion market [1] Services - ArtGis Finance facilitates cross-border payments with Visa & Mastercard [1] - The company is involved in Real World Asset (RWA) tokenization [1]
香港的数字资产:稳定币为何重要,五个常见问题(1)
2025-08-25 01:41
Summary of Key Points from the Conference Call on Stablecoins in Hong Kong Industry Overview - The focus of the conference call is on the stablecoin market in Hong Kong, which is experiencing significant excitement and regulatory developments [2][10]. Market Size and Growth - The global market cap for stablecoins exceeds USD 262 billion, with USD-pegged stablecoins dominating the market [3][13]. - In Hong Kong, converting just 1% of HKD deposits into stablecoins could imply a market cap of approximately USD 11 billion [3][15]. - The stablecoin market has grown at a CAGR of 135% from USD 0.9 billion in 2019 to over USD 262 billion, representing about 6.5% of the total crypto market [13]. Unique Opportunities in Hong Kong - Hong Kong's financial sector is deeply linked with international and mainland China markets, presenting unique opportunities for stablecoins, especially in cross-border transactions [4][22]. - Strong Southbound wealth inflows since 2024 indicate a growing interest in overseas asset allocation by mainland investors [22]. Regulatory Framework - The Hong Kong Monetary Authority (HKMA) is establishing a licensing regime for stablecoins, aiming to regulate the ecosystem before it becomes large [5][30]. - The HKMA's approach is informed by past experiences with digital banks, which have struggled to achieve profitability [35][39]. - The Stablecoins Bill aims to enhance reserve asset management, risk management, and fraud detection [32]. Impact on Banks - Widespread adoption of stablecoins could lead to new products and lower operating costs for banks, but it may also pressure their deposit bases due to dis-intermediation [6][39]. - The HKMA has authorized 22 banks to distribute digital asset-related products, indicating a growing integration of stablecoins into the banking system [39]. Future Developments - The first stablecoin licenses are expected to be approved in early 2026, with a focus on larger companies with proven use cases [7][52]. - The regulatory stance from Beijing regarding RMB stablecoins will significantly influence Hong Kong's engagement in the stablecoin market [7][52]. Notable Companies and Stock Movements - Several Hong Kong-listed companies have seen significant stock price movements related to stablecoin announcements, including Goutai Haitong Securities (up 66%) and Standard Chartered (up 20%) [21]. - The ecosystem includes participation from various sectors, including big tech, banks, and telecommunications companies [19]. Risks and Challenges - The HKMA has highlighted that many stablecoin proposals remain conceptual and lack practical use cases [24]. - Concerns about capital flight and financial instability persist, particularly regarding the promotion of the e-CNY [23]. Conclusion - The stablecoin market in Hong Kong is poised for growth, driven by regulatory support and unique market opportunities. However, potential risks and challenges must be navigated carefully as the ecosystem develops [54].
香港的数字资产:稳定币为何重要,五个常见问题
2025-08-25 01:38
20 August 2025 Digital assets in Hong Kong Equities Why do stablecoins matter? Five FAQs Hong Kong Stablecoins in the spotlight. There is a lot of excitement over stablecoins in Hong Kong with some related stocks surging in recent months. The HKMA is going early with a regulatory framework, just like it did for digital banks five years ago. While it is too early to answer how big stablecoins could get, they could change the banking system. We answer five questions about the market now, future potential, and ...
打好国际金融中心“人才牌”,第十四届“沪上金融家”评选启动媒体评审
Guo Ji Jin Rong Bao· 2025-08-21 12:41
Core Viewpoint - The 14th "Shanghai Financial Professionals" selection has commenced, emphasizing the importance of a strong financial talent pool for building a financial powerhouse [1] Group 1: Event Overview - The selection features three awards: "Annual Person of the Shanghai International Financial Center Construction," "Leading Figures in Shanghai's Financial Industry," and "Innovative Figures in Shanghai's Financial Industry" [1] - Participants must be from licensed financial institutions and have worked full-time in Shanghai for at least two years [1] Group 2: Talent Development - The revised "Shanghai International Financial Center Construction Regulations" for 2024 includes a dedicated chapter on financial talent environment construction, focusing on market-oriented policies for talent cultivation, evaluation, and service [1] - The event encourages top talents who contribute to long-term capital cultivation and high-level financial openness to participate [1] Group 3: Participant Characteristics - The current selection has attracted nearly a hundred financial professionals, showcasing three distinct characteristics: - Broad coverage across traditional sectors like banking, securities, and insurance, as well as emerging fields like green finance and financial information [1] - International representation, including foreign financial professionals and those with extensive overseas experience, particularly in areas like the Belt and Road Initiative and cross-border financial infrastructure [1] - Strong innovation, with candidates actively involved in promoting long-term capital, technological finance, green finance, inclusive finance, pension finance, and digital finance [1] Group 4: Selection Process - The selection process combines self-nomination, committee nominations, media reviews, online voting, and expert evaluations [2] - The results will be announced in September 2025 [2]
打好国际金融中心“人才牌” 第十四届“沪上金融家”吸引近百名金融英才参选
Core Viewpoint - The 14th "Shanghai Financial Talent" selection has been launched, emphasizing the importance of a strong financial talent pool for building a financial powerhouse [1][2] Group 1: Event Overview - The selection attracted nearly 100 financial professionals, with three awards established: "Annual Person of the Shanghai International Financial Center Construction," "Leading Figures in Shanghai's Financial Industry," and "Innovative Figures in Shanghai's Financial Industry" [1] - Participants must be from licensed financial institutions and have worked full-time in Shanghai for at least two years [1] Group 2: Talent Characteristics - The candidates exhibit three distinct characteristics: broad coverage across traditional and emerging financial sectors, international representation including foreign financial professionals, and strong innovation capabilities in areas like green finance and digital finance [2] - The selection process combines self-nomination, committee recommendations, media reviews, online voting, and expert evaluations, with results to be announced in September 2025 [2] Group 3: Historical Context - The "Shanghai Financial Talent" selection has been held for thirteen consecutive years, with over 200 financial talents recognized, significantly enhancing Shanghai's international financial center's soft power and cultural atmosphere [2]