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NextGen Digital Platforms Inc. Appoints Mahyar Akhbari to the Advisor Board
Globenewswire· 2025-07-23 11:30
Core Insights - NextGen Digital Platforms Inc. has appointed Mahyar Akhbari as an advisor, a significant move for the company in the digital asset and fintech space [1][2] - The appointment is seen as a strong endorsement of NextGen's progress and aims to enhance its digital asset innovation and growth [2] - The company recently added CAD $1,000,000 of Bitcoin to its treasury, indicating positive momentum [2] Company Overview - NextGen Digital Platforms Inc. operates as a fintech and digital asset company, providing exposure to a diversified portfolio of Web3 technologies, blockchain infrastructure, and digital assets [6] - The company is focused on developing innovative financial structures that align with decentralized finance while ensuring transparency and regulatory compliance [6] - NextGen also runs an e-commerce platform and a hardware-as-a-service business supporting the AI sector [6] About Mahyar Akhbari - Mahyar Akhbari is a prominent figure in the cryptocurrency and blockchain space, with a history of involvement since Ethereum's inception [3][4] - He has led multi-billion-dollar credit portfolios at major Canadian banks and founded significant Web3 conferences in Canada [4] - His expertise includes foundational projects in Ethereum and Web3, covering areas such as wallets and enterprise-grade blockchain systems [3][4] Stock Options - In connection with his appointment, Mahyar Akhbari has been granted 265,000 incentive stock options, exercisable at $0.63 per share [5] - The options will vest after four months and are valid for five years from the grant date, subject to the company's stock option plan [5]
Hyperscale Data Subsidiary BitNile.com Unveils Strategic Vision for $NILE Coin Ecosystem on Solana Blockchain
Prnewswire· 2025-07-23 10:45
Core Insights - BitNile.com aims to enhance the adoption and accessibility of its native utility token $NILE through a potential listing on a centralized digital asset exchange [1][3] - The current market capitalization of $NILE is approximately $103 million, with 99% of the tokens held by BitNile [2] - The company is heavily investing in the development of a new Web3 ecosystem where $NILE will serve as a foundational element [3][4] Company Strategy - BitNile plans to expand the availability of $NILE beyond decentralized exchanges in the second half of 2025 to increase user adoption [3] - The CEO of BitNile emphasized the importance of brand recognition and the goal to create a Web3 entertainment community centered around $NILE [4] - Key features of the new ecosystem include mobile gaming integration, validator node architecture, and real-time utility for blockchain applications [7] Financial and Operational Overview - Hyperscale Data, the parent company, operates a data center for mining digital assets and providing colocation services, while also pursuing growth through acquisitions [5] - The company plans to divest its subsidiary Ault Capital Group by December 31, 2025, focusing solely on data center operations and high-performance computing services thereafter [6][8]
SharpLink's ETH Holdings Increase to 360,807 as of July, 20, 2025; Generated 567 ETH in Staking Rewards Since Treasury Strategy Launch on June 2, 2025
GlobeNewswire News Room· 2025-07-22 12:00
Company Applauds Signing of Genius Act into Law by President Trump MINNEAPOLIS, MN, July 22, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) ("SharpLink" or the "Company"), the world's largest corporate holder of Ether ("ETH") as its primary treasury reserve asset, today issued its weekly update on the Company's ETH holdings and capital raised through its At- The-Market ("ATM") facility during the week Monday, July 14, 2025 through Sunday, July 20, 2025. Key Highlights for the Week Ending Jul ...
SharpLink’s ETH Holdings Increase to 360,807 as of July, 20, 2025; Generated 567 ETH in Staking Rewards Since Treasury Strategy Launch on June 2, 2025
Globenewswire· 2025-07-22 12:00
MINNEAPOLIS, MN, July 22, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) ("SharpLink" or the "Company"), the world's largest corporate holder of Ether ("ETH") as its primary treasury reserve asset, today issued its weekly update on the Company's ETH holdings and capital raised through its At- The-Market ("ATM") facility during the week Monday, July 14, 2025 through Sunday, July 20, 2025. Key Highlights for the Week Ending July 20, 2025: Company Applauds Signing of Genius Act into Law by Pres ...
NextGen Digital Announces Treasury Strategy to Incorporate Crypto Assets, Acquires $1.0 Million in Bitcoin
Globenewswire· 2025-07-21 11:30
Core Viewpoint - NextGen Digital Platforms Inc. is acquiring $1.0 million worth of Bitcoin as part of its corporate treasury strategy, which includes the acquisition of various crypto assets [1][2]. Group 1: Corporate Strategy - The company is diversifying its corporate reserves by allocating excess cash into crypto assets, recognizing them as potential long-term stores of value and a hedge against systemic financial risk [2][4]. - A strategy approved by the board allows the company to allocate up to 80% of its treasury holdings to crypto assets, with all assets being custodied through a regulated, institutional-grade custodian [3][4]. Group 2: Market Context - This allocation reflects a proactive approach to treasury management amid fiscal instability, inflationary pressures, and increasing institutional demand for decentralized financial alternatives [4][5]. - The company views this move as enhancing the resilience and diversification of its balance sheet, aligning with a global shift towards the adoption of digital assets [4][5]. Group 3: Company Operations - The strategic initiative is not expected to impact the company's current development activities or business plans, and any material acquisitions of crypto assets will be disclosed in future news releases as required by law [6][9]. - NextGen Digital Platforms Inc. is committed to providing transparency, regulatory compliance, and value creation for shareholders while developing innovative structures aligned with decentralized finance [7].
X @Circle
Circle· 2025-07-18 22:39
RT Ethos.io (@Ethos_io)Celebrating a massive win for the digital asset industry! The GENIUS Act is now law!We’re excited to commemorate this milestone with @circle ! Check out their account for more on the celebration. What an exciting time! https://t.co/y13a9WS4Vx ...
Matador Technologies Provides Contract Details for CTO Engagement
Globenewswire· 2025-07-18 20:45
Core Viewpoint - Matador Technologies Inc. has appointed Antoine De Vuyst as Chief Technology Officer to lead the development of its Digital Gold Platform on Bitcoin, with a consulting agreement effective from March 1, 2025 [1][2]. Group 1: Agreement Details - Mr. De Vuyst will serve as CTO on a month-to-month basis, focusing on product-development milestones, and will receive C$5,000 per month in common shares and C$15,000 in restricted share units (RSUs) quarterly [2][8]. - The agreement allows either party to terminate with thirty days' written notice, and the company can terminate immediately for cause [3]. - Any intellectual property developed during Mr. De Vuyst's engagement will be assigned to Matador [3]. Group 2: Transaction Nature - The agreement is classified as a non arm's-length transaction under applicable securities laws, with no finder's fees paid and no new insiders created [4]. - Matador is relying on the employee-executive exemption, thus no formal valuation or minority-shareholder approval is required [4]. Group 3: Company Strategy and Investments - Matador Technologies Inc. focuses on holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network, aiming for long-term shareholder value [5]. - The company has proposed an investment in HODL Systems, potentially acquiring up to a 24% ownership stake, reinforcing its position in the Bitcoin treasury sector [6].
NextGen Digital Platforms Inc. Announces New CEO, Matthew Priebe
GlobeNewswire News Room· 2025-07-18 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has appointed Matthew Priebe as the new CEO, succeeding Alexander Tjiang, who will remain as a Director to provide strategic guidance [1][4]. Group 1: Leadership Changes - Matthew Priebe brings a decade of experience in alternative investments and capital markets, having held founding and leadership roles in various firms [2]. - Alexander Tjiang expressed confidence in Priebe's ability to lead the company towards its mission of making Web3 and digital asset exposure accessible [4]. Group 2: Strategic Initiatives - The company has developed a debenture program that allows investors to earn returns on idle digital assets, which is expected to drive shareholder value [3]. - NextGen aims to announce additional Web3 and cash-generative ventures in the near future [3]. Group 3: Compensation and Incentives - Matthew Priebe has been granted 300,000 stock options at a price of $0.56 per share, exercisable over five years, with vesting occurring quarterly over 36 months [4]. - Additionally, Priebe received 350,000 restricted share units (RSUs) that will vest in six tranches based on milestones over 24 months [5]. Group 4: Company Overview - NextGen Digital Platforms Inc. is a publicly listed fintech and digital asset company focused on providing exposure to Web3 technologies and yield-bearing investment opportunities [6]. - The company operates an e-commerce platform and a hardware-as-a-service business supporting the AI sector [6].
Bit Digital, Inc. Announces Public Filing for WhiteFiber's Proposed Initial Public Offering
Prnewswire· 2025-07-16 12:00
Core Viewpoint - Bit Digital, Inc. has announced the public filing of a registration statement for the proposed initial public offering (IPO) of its wholly-owned subsidiary, WhiteFiber Inc. [1] Group 1: IPO Details - The number of shares and price range for the proposed offering have not yet been determined [2] - The IPO is subject to market conditions and the SEC's review process, with plans to list on The Nasdaq Capital Market under the symbol "WYFI" [2] - B. Riley Securities and Needham & Company are acting as joint-bookrunning managers for the offering [2] Group 2: Registration Statement - A registration statement has been filed with the SEC but is not yet effective, meaning securities cannot be sold or offers accepted until it becomes effective [4] Group 3: Company Overview - Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, operating one of the largest institutional Ethereum staking infrastructures globally [6] - The company began accumulating and staking ETH in 2022 and aims to provide secure, scalable, and compliant access to on-chain yield through strategic partnerships [6]
Matador Technologies Inc. Board Approves Long-Term Bitcoin Treasury Acquisition Strategy
GlobeNewswire News Room· 2025-07-16 11:30
Core Insights - Matador Technologies Inc. has initiated a treasury plan to accumulate up to 6,000 Bitcoin by 2027, with an interim goal of 1,000 BTC by 2026 [2][3][4] - The company currently holds 77.4 BTC and is exploring various financing options to achieve its Bitcoin acquisition targets [3][5] - Matador aims to hold 1% of Bitcoin's total supply and become a top 20 corporate holder globally [2] BTC Holdings and Strategic Objectives - Matador's current holdings include 77.4 BTC and BTC equivalents, with plans to acquire up to 1,000 BTC by 2026 and 6,000 BTC by 2027 [3][4] - The acquisition strategy is contingent on market conditions, financing availability, and regulatory approvals [5][7] Funding Strategy - The company has filed a preliminary short-form base shelf prospectus for CAD $900 million to provide capital-raising flexibility over the next 25 months [6][7] - Potential funding methods include at-the-market equity offerings, convertible financings, divestiture of non-core assets, and BTC-backed credit facilities [8][9] Strategic Initiatives - Matador's strategy includes accumulating Bitcoin, generating treasury yield, building Bitcoin-native applications, and supporting the Bitcoin ecosystem [13] - The company has proposed a minority investment in HODL Systems, enhancing its position in the Bitcoin treasury space [11] Long-term Vision - The company aims to align its operations with the Bitcoin ecosystem, focusing on long-term stability and reducing inflationary risk [9][10] - Matador's approach integrates treasury allocation, financial innovation, and product development to drive shareholder value [10][12]