Record Revenues for Bitcoin Miners (OTCQB: $INTV) (NASDAQ: $HUT) (NASDAQ: $MARA) (NASDAQ: $CORZ) @IntVentures @Hut8Corp @MarathonDH

 Record Revenues for Bitcoin Miners (OTCQB: $INTV) (NASDAQ: $HUT) (NASDAQ: $MARA) (NASDAQ: $CORZ) @IntVentures @Hut8Corp @MarathonDH

 

May 17, 2024 –Investorideas.com, a go-to platform for big investing ideas, reports on recent bitcoin and crypto miner stock earnings as Bitcoin rises, featuring Integrated Ventures, Inc.  (OTCQB: INTV), a diversified holdings company that develops, acquires, operates and invests in businesses, focused on AI/information technology, e-commerece, data center design and cryptocurrency mining.

 

Read this article, featuring INTV in full at https://www.investorideas.com/news/2024/cryptocurrency/05171Bitcoin-Miners.asp

 

Miners are seeing greater profits according to Cryptodaily, reporting on May 9th:

According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.

 

Continued: Compared to the previous seven days, the average network hash rate is 572.18 EH/s, which is the largest drop seen since December 2022. If this continues to decline, miners using the same resources might produce more with an increase in profit.

 

Continued: Crypto mining companies’ profit reports, like Core Scientific’s, show that this advantageous mining difficulty has paid off. Several of their income streams reached all-time highs in the first quarter of 2024.

 

Crypto miner, Integrated Ventures Inc. (OTCQB: INTV) yesterday reported the filing of Q3/2024, for financial period ending on March 31, 2024.

(Paid news dissemination on behalf of INTV)

 

Steve Rubakh, CEO of Integrated Ventures, Inc. adds the following commentary:

"We are pleased to deliver record quarterly mining revenues with positive earnings of 0.05 cents per common share. Our liquid position is at the highest level ever and will be used to support potential M&A transactions and to acquire additional, more efficient mining equipment. It must be noted that Integrated Ventures has become an early adopter and deployed new accounting standards for this filing (known as ASU-2023-08) to book crypto assets, using fair value method."

 

Financial (Year To Year) Highlights (Q3/2024 vs Q3/2023) are as follow:

 

Total Mining Revenues: Company had generated the mining revenues of $1,983,250.00 vs $1,472,813.00.

 

Net Income Profit/Loss: INTV's mining operations produced net income profit of $297,283.00 vs loss of ($1,766,615.00).

 

Total Assets: Company reported value of the total assets, in the amount of $5,947,859.00 vs $6,590,569.00.

 

Total Current Liabilities: INTV had reported the total liabilities (non-cash), in the amount of $3,306,111.00 (non-cash) vs $2,975,452.00.

 

Total Liquid Assets (Cash+ Digital Securities): Company's ending balance was $2,007,296.00.

 

Net Profit/Loss Per Share:  INTV's net income (profit) per common share reported was 0.05 cents vs loss of ($1.03).

 

Company's current, revenue generating operations consist of digital currency mining and hosting.

 

Hut 8 Corp. (NASDAQ:HUT) (TSX: HUT), a leading vertically integrated operator of large-scale energy infrastructure, and one of North America’s largest Bitcoin miners yesterday announced its financial results for the three months ended March 31, 2024. The stock had double digit gains on the news.

 

“Looking ahead, we remain intently focused on scaling our Bitcoin mining business and bringing our pipeline to fruition. We believe the differentiated approach we have taken to secure these opportunities despite the growing shortage of load interconnection assets will allow us to build a portfolio that is highly competitive not only in mining but also in the broader energy infrastructure sector. With our commitment to disciplined capital allocation, focus on non-dilutive sources of funding, and exceptional team and board, we are more confident than ever that our strategy will deliver strong shareholder returns for decades to come,” said Asher Genoot, CEO of Hut 8.

 

From the news: First Quarter 2024 Financial and Operational Highlights

 

U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) and Hut 8 Mining Corp. completed an all-stock merger of equals (the “Business Combination”) on November 30, 2023. USBTC was deemed the accounting acquirer in the transaction and, as a result, the historical figures in the Company’s income statement for the three months ended March 31, 2023 reflect USBTC’s standalone performance. Results for the three months ended March 31, 2024 reflect the performance of the combined company. With respect to the balance sheet, the ending balance for Q1 2024 is being compared to year-end 2023, both of which reflect the combined company’s performance. All financial results are reported in US dollars.

 

As of March 31, 2024, energy capacity under management in Hut 8’s mining business totaled 884 megawatts (“MW”) across six sites in North America; additionally, the Company had more than 36,000 square feet across five cloud and colocation data centers in Canada and four natural gas power generation facilities in Ontario, Canada totaling 310 MW.

 

Owned approximately 54,500 miners totaling approximately 5.5 exahash per second (EH/s), including the Company’s net share of the King Mountain joint venture (“King Mountain JV”), as of March 31, 2024.

 

Revenue increased by $36.1 million to $51.7 million from $15.6 million for the three months ended March 31, 2023.

 

Net income attributable to Hut 8 increased by $233.5 million to $250.9 million compared to $17.3 million for the three months ended March 31, 2023.

 

Adjusted EBITDA increased by $285.8 million to $297.0 million from $11.1 million for the three months ended March 31, 2023.

 

During the three months ended March 31, 2024, 716 Bitcoin were mined, versus 524 Bitcoin mined in the three months ended March 31, 2023.

 

As of March 31, 2024, total self-mined Bitcoin balance was 9,102, which represented a market value of approximately $648.9 million.

 

Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported earnings for the first quarter ended March 31, 2024 on May 9^th.

 

From the news: First Quarter 2024 Financial and Operational Highlights

 

Energized hash rate increased 142% to 27.8 EH/s in Q1 2024 from 11.5 EH/s in Q1 2023

 

Produced 2,811 BTC during Q1 2024, a 28% increase from Q1 2023

 

Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023

 

Net income increased 184% to $337.2 million, or $1.26 per diluted share, in Q1 2024 from $118.7 million, or $0.72 per diluted share, in Q1 2023

 

Adjusted EBITDA increased 266% to $528.8 million in Q1 2024 from $144.5 million in Q1 2023

 

“During the first quarter of 2024, we doubled the size of our portfolio of digital asset compute, launched our first products and services to support the Bitcoin ecosystem, and we battled against operational challenges to produce record financial results,” said Fred Thiel, Marathon’s Chairman and Chief Executive Officer. “In less than four months we initiated, closed, and integrated the acquisitions of our first three sites. As a result, we doubled the size of our portfolio to 1.1 gigawatts of capacity, 54% of which we now directly own and operate. After bringing our first products to market in March, we secured our first paying customers for MARA firmware and began building a robust sales pipeline for our two-phase immersion system.”

 

On May 8^th, Core Scientific, Inc. (NASDAQ: CORZ), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, announced financial results for the fiscal first quarter of 2024. Net income was $210.7 million, as compared to a net loss of $0.4 million for the same period in 2023. Total revenue was $179.3 million, as compared to $120.7 million for the same period last year. Operating income was $55.2 million, as compared to $7.6 million for the same period in 2023. Adjusted EBITDA was $88.0 million, as compared to $40.3 million for the same period in the prior year.

 

From the news: "We delivered outstanding results in the first quarter, earning more bitcoin than any other publicly traded bitcoin miner, strengthening our balance sheet by paying down debt and improving our cash position, and improving our fleet efficiency with the deployment of new generation miners," said Adam Sullivan, Core Scientific Chief Executive Officer. "By taking full advantage of favorable market fundamentals and by focusing on productivity and efficiency, we generated strong financial performance that demonstrates our ability to create value for our shareholders."

 

"Our 745 megawatts of operational, high-power data center infrastructure forms the basis of our competitive advantage. We believe this advantage places us in a unique position where bitcoin mining serves as the platform on which to build an alternative compute hosting business at a time when the demand for high-power data center capacity is strong and growing."

 

From the news: "We are in regular discussion with customers to evaluate the potential of transforming more than 500 megawatts of our operational infrastructure and contracted power to host high-performance computing. With our existing access to a total of 1.2 gigawatts of power and with new, more energy efficient bitcoin miners on the horizon, we plan to expand our bitcoin mining hash rate as we build a high-performance computing offering. We are well positioned to take advantage of two very attractive markets," added Mr. Sullivan.

 

For investors following crypto miners, it’s not only betting on bitcoin and crypto prices rising, it is also about the difficulty to mine and the ultimate profitability. Based on recent earnings news; the trend is their friend.

 

Research more bitcoin and crypto stocks with Investorideas.com free stock directory

https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: This article featuring INTV is a paid for news dissemination service at Investorideas. Learn more about publishing your news release and our other news services and costs at Investorideas.com newswire https://www.investorideas.com/News-Upload/ Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Bitcoin Miner Stock Earnings – (OTCQB: $INTV) (NASDAQ: $HUT) (NASDAQ: $MARA) (NASDAQ: $CORZ) @IntVentures @Hut8Corp @MarathonDH @Core_Scientific

 

 

 

 

 

 

Bitcoin Miner Stock Earnings – (OTCQB: $INTV) (NASDAQ: $HUT) (NASDAQ: $MARA) (NASDAQ: $CORZ) @IntVentures @Hut8Corp @MarathonDH @Core_Scientific

 

Record Profits and Revenues Reported by Miners

 

May 16, 2024 –Investorideas.com, a go-to platform for big investing ideas, reports on recent bitcoin and crypto miner stock earnings as Bitcoin rises, featuring Integrated Ventures, Inc.  (OTCQB: INTV), a diversified holdings company that develops, acquires, operates and invests in businesses, focused on AI/information technology, e-commerece, data center design and cryptocurrency mining.

 

Read this article, featuring INTV in full at https://www.investorideas.com/news/2024/cryptocurrency/05161Bitcoin-Miner-Stocks.asp

 

Miners are seeing greater profits according to Cryptodaily, reporting on May 9th:

According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.

 

Continued: Compared to the previous seven days, the average network hash rate is 572.18 EH/s, which is the largest drop seen since December 2022. If this continues to decline, miners using the same resources might produce more with an increase in profit.

 

Continued: Crypto mining companies’ profit reports, like Core Scientific’s, show that this advantageous mining difficulty has paid off. Several of their income streams reached all-time highs in the first quarter of 2024.

 

Crypto miner, Integrated Ventures Inc. (OTCQB: INTV) yesterday reported the filing of Q3/2024, for financial period ending on March 31, 2024.

(Paid news dissemination on behalf of INTV)

 

Steve Rubakh, CEO of Integrated Ventures, Inc. adds the following commentary:

"We are pleased to deliver record quarterly mining revenues with positive earnings of 0.05 cents per common share. Our liquid position is at the highest level ever and will be used to support potential M&A transactions and to acquire additional, more efficient mining equipment. It must be noted that Integrated Ventures has become an early adopter and deployed new accounting standards for this filing (known as ASU-2023-08) to book crypto assets, using fair value method."

 

Financial (Year To Year) Highlights (Q3/2024 vs Q3/2023) are as follow:

 

Total Mining Revenues: Company had generated the mining revenues of $1,983,250.00 vs $1,472,813.00.

 

Net Income Profit/Loss: INTV's mining operations produced net income profit of $297,283.00 vs loss of ($1,766,615.00).

 

Total Assets: Company reported value of the total assets, in the amount of $5,947,859.00 vs $6,590,569.00.

 

Total Current Liabilities: INTV had reported the total liabilities (non-cash), in the amount of $3,306,111.00 (non-cash) vs $2,975,452.00.

 

Total Liquid Assets (Cash+ Digital Securities): Company's ending balance was $2,007,296.00.

 

Net Profit/Loss Per Share:  INTV's net income (profit) per common share reported was 0.05 cents vs loss of ($1.03).

 

Company's current, revenue generating operations consist of digital currency mining and hosting.

 

Hut 8 Corp. (NASDAQ:HUT) (TSX: HUT), a leading vertically integrated operator of large-scale energy infrastructure, and one of North America’s largest Bitcoin miners yesterday announced its financial results for the three months ended March 31, 2024. The stock had double digit gains on the news.

 

“Looking ahead, we remain intently focused on scaling our Bitcoin mining business and bringing our pipeline to fruition. We believe the differentiated approach we have taken to secure these opportunities despite the growing shortage of load interconnection assets will allow us to build a portfolio that is highly competitive not only in mining but also in the broader energy infrastructure sector. With our commitment to disciplined capital allocation, focus on non-dilutive sources of funding, and exceptional team and board, we are more confident than ever that our strategy will deliver strong shareholder returns for decades to come,” said Asher Genoot, CEO of Hut 8.

 

From the news: First Quarter 2024 Financial and Operational Highlights

 

U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) and Hut 8 Mining Corp. completed an all-stock merger of equals (the “Business Combination”) on November 30, 2023. USBTC was deemed the accounting acquirer in the transaction and, as a result, the historical figures in the Company’s income statement for the three months ended March 31, 2023 reflect USBTC’s standalone performance. Results for the three months ended March 31, 2024 reflect the performance of the combined company. With respect to the balance sheet, the ending balance for Q1 2024 is being compared to year-end 2023, both of which reflect the combined company’s performance. All financial results are reported in US dollars.

 

As of March 31, 2024, energy capacity under management in Hut 8’s mining business totaled 884 megawatts (“MW”) across six sites in North America; additionally, the Company had more than 36,000 square feet across five cloud and colocation data centers in Canada and four natural gas power generation facilities in Ontario, Canada totaling 310 MW.

 

Owned approximately 54,500 miners totaling approximately 5.5 exahash per second (EH/s), including the Company’s net share of the King Mountain joint venture (“King Mountain JV”), as of March 31, 2024.

 

Revenue increased by $36.1 million to $51.7 million from $15.6 million for the three months ended March 31, 2023.

 

Net income attributable to Hut 8 increased by $233.5 million to $250.9 million compared to $17.3 million for the three months ended March 31, 2023.

 

Adjusted EBITDA increased by $285.8 million to $297.0 million from $11.1 million for the three months ended March 31, 2023.

 

During the three months ended March 31, 2024, 716 Bitcoin were mined, versus 524 Bitcoin mined in the three months ended March 31, 2023.

 

As of March 31, 2024, total self-mined Bitcoin balance was 9,102, which represented a market value of approximately $648.9 million.

 

Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported earnings for the first quarter ended March 31, 2024 on May 9^th.

 

From the news: First Quarter 2024 Financial and Operational Highlights

 

Energized hash rate increased 142% to 27.8 EH/s in Q1 2024 from 11.5 EH/s in Q1 2023

 

Produced 2,811 BTC during Q1 2024, a 28% increase from Q1 2023

 

Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023

 

Net income increased 184% to $337.2 million, or $1.26 per diluted share, in Q1 2024 from $118.7 million, or $0.72 per diluted share, in Q1 2023

 

Adjusted EBITDA increased 266% to $528.8 million in Q1 2024 from $144.5 million in Q1 2023

 

“During the first quarter of 2024, we doubled the size of our portfolio of digital asset compute, launched our first products and services to support the Bitcoin ecosystem, and we battled against operational challenges to produce record financial results,” said Fred Thiel, Marathon’s Chairman and Chief Executive Officer. “In less than four months we initiated, closed, and integrated the acquisitions of our first three sites. As a result, we doubled the size of our portfolio to 1.1 gigawatts of capacity, 54% of which we now directly own and operate. After bringing our first products to market in March, we secured our first paying customers for MARA firmware and began building a robust sales pipeline for our two-phase immersion system.”

 

On May 8^th, Core Scientific, Inc. (NASDAQ: CORZ), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, announced financial results for the fiscal first quarter of 2024. Net income was $210.7 million, as compared to a net loss of $0.4 million for the same period in 2023. Total revenue was $179.3 million, as compared to $120.7 million for the same period last year. Operating income was $55.2 million, as compared to $7.6 million for the same period in 2023. Adjusted EBITDA was $88.0 million, as compared to $40.3 million for the same period in the prior year.

 

From the news: "We delivered outstanding results in the first quarter, earning more bitcoin than any other publicly traded bitcoin miner, strengthening our balance sheet by paying down debt and improving our cash position, and improving our fleet efficiency with the deployment of new generation miners," said Adam Sullivan, Core Scientific Chief Executive Officer. "By taking full advantage of favorable market fundamentals and by focusing on productivity and efficiency, we generated strong financial performance that demonstrates our ability to create value for our shareholders."

 

"Our 745 megawatts of operational, high-power data center infrastructure forms the basis of our competitive advantage. We believe this advantage places us in a unique position where bitcoin mining serves as the platform on which to build an alternative compute hosting business at a time when the demand for high-power data center capacity is strong and growing."

 

From the news: "We are in regular discussion with customers to evaluate the potential of transforming more than 500 megawatts of our operational infrastructure and contracted power to host high-performance computing. With our existing access to a total of 1.2 gigawatts of power and with new, more energy efficient bitcoin miners on the horizon, we plan to expand our bitcoin mining hash rate as we build a high-performance computing offering. We are well positioned to take advantage of two very attractive markets," added Mr. Sullivan.

 

For investors following crypto miners, it’s not only betting on bitcoin and crypto prices rising, it is also about the difficulty to mine and the ultimate profitability. Based on recent earnings news; the trend is their friend.

 

Research more bitcoin and crypto stocks with Investorideas.com free stock directory

https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: This article featuring INTV is a paid for news dissemination service at Investorideas. Learn more about publishing your news release and our other news services and costs at Investorideas.com newswire https://www.investorideas.com/News-Upload/ Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Breaking AI/ Tech Stock News: Alset Capital Inc. (TSXV: $KSUM.V; OTC: $ALSCF) Announces $26 Million H100 Server Contract by Investee Company Cedarcross; @AlsetAI

Breaking AI/ Tech Stock News: Alset Capital Inc. (TSXV: $KSUM.V; OTC: $ALSCF) Announces $26 Million H100 Server Contract by Investee Company Cedarcross; @AlsetAI

 

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

 

News Release Highlights:

 

Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract.

 

Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing ("HPC") server distribution business vertical alone.

 

Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to "7x higher performance for High Performance Computing applications."¹

 

VANCOUVER, BC / May 16, 2024 / (Investorideas.com Newswire) Alset Capital Inc. (TSXV:KSUM) (OTC:ALSCF) (FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce that its investee company, Cedarcross International Technologies Inc. ("Cedarcross"), has signed an agreement with an arm's length counterparty to distribute 64 Nvidia H100 HGX 8GPU servers, which generates $26 million in revenue for Cedarcross.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Alset Capital Inc.

Read this news, featuring KSUM in full at https://www.investorideas.com/news/2024/technology/05161KSUM-H100-Server-Contract.asp

 

Following Cedarcross' initial distribution agreement announced on April 22, 2024, this agreement marks a significant advancement in Cedarcross' distribution capabilities within the high-performance computing (HPC) server market. Cedarcross has now secured cumulative revenue year to date of approximately $28 million through its HPC server distribution business vertical alone. These agreements underscore the robust demand and strategic market positioning of Cedarcross in the HPC landscape. Leveraging key industry partnerships, including with Earthmade Computer Corp., an authorized distributor of Super Micro Computer, Inc. (NASDAQ:SMCI), Cedarcross continues to demonstrate its ability to secure competitive pricing and expedited lead times for highly sought-after Nvidia H100 GPU servers.

 

"This deal represents a significant milestone for Cedarcross," said Morgan Good, CEO of Alset."It substantially increases their revenue, and highlights their strong partnerships, which provide access to high-performance computing Nvidia GPU servers for both in-house use and third parties. Additionally, this distribution vertical enhances their existing compute leasing business unit, fostering diversity in their offerings and deeper market penetration."

 

The estimated gross margin from this agreement will be approximately $2.3 million.

 

The Company also announces that further to the Company's news release of May 14, 2024, the Company has increased it's the consideration payable pursuant to its extended engagement with Omni8 Communications Inc. DBA Omni8 Global ("OMNI8 Global") (the "OMNI8 Extended Term") to assist Alset to develop a corporate marketing strategy and provide marketing and public relations advisory services, help coordinate marketing, news flow and events, making introductions to OMNI8 Global's network of media contacts, internet and social media marketers and other such providers, as well asto assist with various other public relations efforts. Alset shall pay OMNI8 Global an additional $180,000 for the OMNI8 Extended Term, which shall run for a period of two months and shall commence on the later of May 8, 2024 and the date the OMNI8 Extended Term is accepted for filing by the TSX Venture Exchange. OMNI8 Global is a British Columbia based company and is headed by Ryan Johnson.

 

As of the date hereof, to the Company's knowledge, OMNI8 Global (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company. The Company will not issue any securities to OMNI8 Global as compensation for its marketing services. For more information on the Company's engagement of OMNI8 Global, please refer to its news release of March 27, 2024 and May 14, 2024.

 

All amounts in Canadian Dollars unless otherwise specified.

 

(1) Nvidia.com

 

On behalf of Alset Capital Inc.

"Morgan Good"

 

Morgan Good

Chief Executive Officer

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

 

About Cedarcross International Technologies Inc.

Cedarcross Technologies is an Artificial Intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to cutting-edge AI computing, offering access to the world's fastest AI servers powered by Nvidia's H100 HGX 8GPU Servers. Focused on leasing compute resources to enterprise clients, Cedarcross Technologies anticipates significant revenue growth.

 

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director

T: 604.715.4751

E: morgan@alsetai.com

 

Cautionary Note regarding Forward Looking Statements

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the consummation of the transactions contemplated by the Agreement, the Nvidia H100 HGX 8GPU servers' revenue generation, growth of the global cloud AI market and the review and acceptance of the TSX Venture Exchange of the OMNI8 Extended Term. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Alset Capital Inc.

 

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Energy Stocks in Play – Trans Canada Gold Corp. (TSXV: $TTG.V), Gains on News of appointing Christian Timmins to the company's board of directors; @TransCanadaGold

 

 

 

 

Energy Stocks in Play – Trans Canada Gold Corp. (TSXV: $TTG.V), Gains on News of appointing Christian Timmins to the company's board of directors; @TransCanadaGold

 

May 15, 2024 – (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading and news for Trans Canada Gold Corp. (TSXV:TTG.V), a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing its' production of conventional heavy oil exploration opportunities, increasing production capabilities and increasing potential future oil production revenues.

 

The stock is trading at 0.0600, up 0.0150, gaining 33.3333%.

 

Read this news, featuring TTG in full at https://www.investorideas.com/news/2024/energy/05151Trans-Canada-Gold-TTG.asp

 

Trans Canada Gold Corp. has appointed Christian Timmins to the company's board of directors. Mr. Timmins is an experienced and seasoned oil and gas professional, with over 20 years of hands-on field experience in oil and gas drilling and exploration. Mr. Timmins is experienced in oil and gas operations management, project planning, drilling, oil field servicing and well maintenance, and has worked and collaborated with many oil companies, such as Tourmaline Oil, FMC (previously Pure Energy Services) and IPS Canada, and will be instrumental in the company's future growth. In addition to the appointment, Mr. Timmins will also provide guidance and assist with financial Web-hosted market communications platforms, assist with new advanced communication initiatives, which include advanced on-line branding and awareness, introductions to a wider variety of North American oil and gas retail investors, and institutional brokers, and capital market participants located in the Canadian, United States and world global capital markets.

 

Christian Timmins commented: "I am honoured to join the Trans Canada team and contribute to its mission of responsible growth and success in the oil and gas industry. With my extensive oilfield experience and network, I am eager to collaborate with the board to drive production revenue, optimize operational efficiency, and explore new drilling and acquisition opportunities that currently exist for growth. The momentum we are building with the successful drilling of the new generation of multilateral wells, which are considered an evolution in drilling in Canada and which allow access to more of the oil reservoir, and the upcoming plans to drill a second multilateral well in July, speaks volumes of the pending revenue and production growth."

 

Commented Tim Coupland, "We would like to welcome Christian, with his vast oilfield experience and contacts, to our Trans Canada oil and gas team as a new director, and we look forward to Christian assisting the board in incrementally growing our production revenue and increasing our daily production barrels while minimizing operational costs, through drilling of multilateral wells and reviewing additional exploration acquisitions for 2024. The Company is now enjoying steady increased monthly revenues, and has now successfully produced over eight (8) months of steady oil production with its first large multilateral well situated near Lloydminster, Alberta. With the completion of the latest land acquisition, we now look forward to drilling our second multilateral well in mid-summer 2024. With global oil prices steadily increasing and the TMX pipeline now opened and shipping oil, world oil prices are forecasted to remain high, which will allow the Company to pursue additional drilling opportunities and new acquisitions." In connection with his appointment, the Company has granted Mr. Timmins incentive stock options to purchase up to an aggregate of 250,000 common shares of the Company at a price of $0.05 per share exercisable until May 15th, 2029. Further to its news release dated April 23, 2023, the Company has cancelled 450,000 of the options announced in that news release. A total of 2,550,000 options remain in effect, with an exercise price of $0.05 and an expiry date of April 23, 2029.

 

DRILLING SECOND MULTILATERAL WELL- MID JULY

 

The Company has successfully completed the purchase of two strategic land and lease acquisitions pursuant to an AMI ("Area of Mutual Interest") in the Croverro Farmout Agreement dated November 1, 2022. The strategic land and lease acquisition will allow the Company to prepare for permitting, lease survey preparations and drilling of a second Multi-Lateral Horizontal Oil Well in the prolific heavy oil region south of Lloydminster, Alberta in mid-July.

 

The Company continues to explore additional exploration drilling opportunities in Canada and the United States.

 

ABOUT TRANS CANADA GOLD CORP. - GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION

 

The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing its' production of conventional heavy oil exploration opportunities, increasing production capabilities and increasing potential future oil production revenues. The Company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets primarily situated in Canada. The Company is currently permitting and developing its Pickle Lake gold exploration property. The Company has qualified Senior exploration management and Geological Mining teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency expected of an experienced oil and gas technical team that has proven oil production success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration and development of mining, and petroleum and natural gas resource assets.

 

 

 

News:

https://www.stockwatch.com/News/Item/Z-C!TTG-3552264/C/TTG

 

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