Author: CryptoCurrencyNews

Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /CNW/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6? site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
compass@blocksbridge.com 

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SOURCE Compass Mining

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BEIJING, Dec. 20, 2024 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today that the Company has signed an investment intention agreement (the “Agreement”) with its Canadian partner, NOWLIT Solutions Corp. (“Nowlit”), a prominent energy technology company focused on developing energy solutions and data center infrastructure in Canada, to provide green energy data center and cryptocurrency computing power. This initiative aligns strategically with AGM Holdings’ long-term expansion plan in the rapidly evolving artificial intelligence and data center market in North America.

Pursuant to the Agreement, Nowlit plans to contribute its existing 50 megawatts (MW) data center assets to AGM Energy Corp. (“AGM Energy” or the “JV”), the Canadian joint venture co-founded by AGM Holdings and Nowlit. Led by Nowlit’s founder, Mr. Ma, the JV is set to expand its capacity significantly. The initial 50MW contribution will enable the data center to host over 6,800 high-performance computing servers, providing an estimated computing power of 2,457 petahashes (P).

AGM Energy aims to develop additional data centers in Canada incrementally over the next two years, adding an average of 20MW per month, with a total projected capacity of 375MW. Additionally, the JV aims to leverage upstream and downstream industry partnerships to enhance computing power. The total computing power capacity of these data centers is expected to reach 18,427P within two years.

This significant milestone underscores AGM Holdings’ commitment to strengthening its market presence in the fast-growing data center sector. By capitalizing on the increasing demand for digital assets and leveraging its expertise in hardware and software solutions, the Company is well-positioned to capture emerging opportunities brought forward by the latest artificial intelligence technology revolution, driving sustainable growth and value creation for its stakeholders.

About NOWLIT Solutions Corp.

Established in 2013, NOWLIT Solutions Corp. is a high performance computing and data center supplier based in Canada. It offers complete solution including all hardware, hosting and initial setup for new and experienced servers. It is also committed to supporting the blockchain ecosystem by offering hardware, software and a variety of solutions and services. It has invested in large-scale oil and gas fields and is involved in the construction and operation of informatization infrastructure such as third-party data center machine rooms and bitcoin mining farms. For more information, please visit https://nowlit.com/.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM Group Holdings Inc.
Email: ir@agmprime.com 
Website: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE AGM Group Holdings Inc.

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SINGAPORE, Dec. 19, 2024 /PRNewswire/ — Alchemy Pay, the world-leading fiat-payment gateway, has achieved a significant milestone successfully registering under Visa’s new Ramp Provider Program. This registration, made possible through it’s previously announced partnership with Worldpay, one of the world’s leading payments technology companies, marks a new chapter in Alchemy Pay’s mission to bridge the gap between traditional finance and the crypto global economies.

The Visa Ramp Provider Program, effective in multiple regions including APAC, CEMEA, Europe, LAC (excluding Brazil), the U.S., and Canada, provides a framework for third-party agents (TPAs) to convert fiat currencies into non-fiat currencies like Bitcoin (BTC) and Ethereum (ETH), and vice versa. This program is an important step forward in Visa’s broader strategy to enhance digital currency adoption and facilitate seamless transactions across its global network.

With this new registration, Alchemy Pay solidifies its role as a key player in the fiat-crypto payments ecosystem, offering solutions to a wide range of clients, from crypto exchanges and wallets to everyday merchants looking to accept digital currencies. As a registered ramp provider, Alchemy Pay is well-positioned to support the growing demand for crypto-to-fiat conversion services, enabling a more streamlined, secure, and efficient payment experience for users worldwide.

Partnership with Worldpay and Authorization by Visa

Alchemy Pay’s collaboration with Worldpay and its authorization by Visa has played a pivotal role in this achievement. In December 2023, Alchemy Pay announced its partnership with Worldpay to enhance its payment capabilities and offer access to Visa and Mastercard’s payment rails via its On & Off-Ramp services. This partnership enables users to buy and sell crypto seamlessly using their credit and debit cards, further improving the customer experience.

Furthermore, Alchemy Pay has been an official service provider under Visa’s Third Party Agent (TPA) Program since January 2023. As part of this recognition and authorization, Alchemy Pay has been able to offer payment-related services to Visa’s clients, further reinforcing its position as a trusted partner in the digital currency space and has been key to its success in completing the Ramp Provider Program registration.

Looking Ahead

“We are incredibly proud to complete registration under Visa’s Ramp Provider Program,” said Ailona Tsik, CMO of Alchemy Pay. “This milestone reflects our commitment to pushing the boundaries of crypto payment solutions and expanding access to digital currencies. Our authorization by Visa, along with our close partnership with Worldpay, will help us serve more merchants and users, enhancing the adoption of crypto payments globally.”

With this new registration, Alchemy Pay is set to play an even larger role in supporting merchants, businesses, and consumers as they navigate the expanding world of digital currencies. This milestone is part of Alchemy Pay’s broader compliance efforts to strengthen its position as a trusted and regulated player in the payments ecosystem. In the same month as this registration, Alchemy Pay also accelerated its compliance efforts by securing four additional Money Transmitter Licenses (MTLs) in the United States, bringing its total to eight licenses. The company has also expanded its licensing and compliance framework across Southeast Asia, Europe, and the UK, ensuring its services meet the highest standards of regulatory oversight globally. By working closely with Visa and Worldpay, Alchemy Pay is poised to provide a smoother and more inclusive payment experience for users worldwide, further accelerating the adoption of crypto payments.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

Website Twitter LinkedIn Medium YouTube Telegram Discord

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SOURCE Alchemy Pay

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WARSAW, Poland, Dec. 19, 2024 /PRNewswire/ — Flipster, one of the fastest-growing cryptocurrency trading platforms, is proud to announce its recent achievement of the ISO/IEC 27001 certification, an internationally recognized standard for information security management. This milestone underscores Flipster’s dedication to safeguarding user data and ensuring a secure and trustworthy platform for its users.

This certification enables businesses across industries and organizational sizes to effectively address security risks, protect sensitive data, and comply with legal and regulatory requirements. By adhering to this standard, organizations demonstrate their commitment to information security and resilience in the face of evolving threats.

Achieving the ISO/IEC 27001 certification represents Flipster’s commitment to transparency, reliability, and trust. It reinforces the platform’s ability to manage user information securely and aligns with its mission to provide a safe and seamless environment for trading and asset management. The certification not only reflects Flipster’s dedication to excellence but also assures customers that their data is handled with the utmost care and security.

With the ISO/IEC 27001 certification, Flipster users can trade and invest with confidence, knowing that the platform is equipped with industry-leading security measures to protect their data and assets.

About Flipster

Flipster is one of the fastest-growing cryptocurrency exchanges, offering both futures and spot trading to traders globally. It supports users in capitalizing on market opportunities with ease. Especially known for its lightning-fast perpetual futures listings, Flipster offers 250+ crypto futures pairs tradable with up to 100x leverage with zero trading fees, deep liquidity, and narrow spreads. Core products include:

• Earn Campaign: High APR rewards of up to 22% by depositing USDT, BTC, or ETH.
• Launchpool: Daily USDT rewards through staking, with additional rewards through task-based multipliers.
• Airdrops: Crypto rewards from new and popular crypto projects by completing missions.
• Flipster also offers a range of programs for VIPs, Referrals, and Affiliates. For the latest updates, follow Flipster on X.

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View original content:https://www.prnewswire.co.uk/news-releases/flipster-achieves-isoiec-certification-302335888.html

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SINGAPORE, Dec. 17, 2024 /PRNewswire/ — aarnâ.ai unveiled âfi 802, the first AI powered quant structured product designed to bring a data-driven, risk-managed approach to DeFi. âfi 802 integrates advanced AI models with secure, audited smart contracts, offering investors a structured method to capture market alpha. By focusing on high-confidence trades and dynamic portfolio rebalancing, it’s setting a new standard for intelligent, transparent, and reliable crypto asset management.

Key highlights

• Crypto’s First AI Quant Vault: âfi 802 harnesses AI-driven alpha for smarter & structured investing.
• Next-Gen Asset Management: Redefining decentralized asset management with AI and tokenization.
• AI-Powered Risk-Managed Alpha: Weekly optimized portfolios delivering outlier gains while mitigating downside risks.
• Secure & Transparent: Ethereum-based with audited smart contracts.

Market Reception

The âfi 802 vault debuted in September at Token2049, capturing attention as the crypto’s first AI quant structured product. The event underscored over two years of development for intelligent onchain digital asset management. Response has been robust, and outlier returns of the vault since launch has driven community confidence:

• High Engagement: 500+ visitors engaged with aarnâ’s product, strong interest.
• User Growth: Steady influx of higher-value users deploying stablecoins into âfi 802.
• Staking: Users earn extra APY by staking âfi 802 tokens.
• Investor Confidence: Crypto HNIs back its secure, autonomous model with deployments.
• On track to hit the first $1M in TVL / AUM, and ramp up fast to vault cap of $10Mn
• Multiple liquid crypto investors are in conversations to deploy in early 2025
• Wealth management firms have evinced interest to onboard âfi 802 for their clients in Singapore

Under the hood – AI & Tokenization

Combining AI quant strategies with on-chain automation for advanced crypto investing, the AI model analyzes 90+ features — from blockchain activity, to technical indicators, and sentiment signals, and predicts high-confidence trades while avoiding low-certainty moves. This intelligent system drives weekly portfolio rebalancing, executed autonomously through secure, audited smart contracts.

> User Experience & Accessibility 

aarnâ.ai addresses DeFi’s UX challenge with a mobile-first dApp on iOS, Android, along with the web dApp. The platform allows investors to track essential metrics like Net Asset Value (NAV) and TVL in real time, ensuring transparency. The dApp supports stablecoin deposits (USDC, USDT, DAI), and provides a streamlined experience for both retail and institutional investors to engage with complex DeFi strategies.

> Custody, Liquidity, & Risk

Investors retain custody of their funds and can redeem at NAV at any time, ensuring liquidity. The platform’s adaptive stop-loss system helps guard against sudden market downturns, while the AI model focuses on high-confidence trades. This combination of control, transparency, and risk management seeks to deliver outlier returns while mitigating downside exposure.

The Bigger Picture: Why âfi 802 Matters

High value investors – including HNIs, project treasuries, and whales—need a data-driven, self-custodied approach to managing crypto investments, with minimized counterparty risk and autonomy. âfi 802 is purpose-built, offering a structured, AI-driven model for smarter asset management. Moreover, with its decentralized architecture, aarnâ democratizes access, bringing sophisticated strategies to individual investors too.

aarnâ is backed by an experienced team who have been in the trenches, deeply researching AI and tokenization. Repeat founder, Sri Misra applies a systems thinking led approach to DeFi. From leading M&A in London to founding Milk Mantra—a purpose driven consumer startup backed by Fidelity, Sri Misra & the aarnâ team brings a proven track record. With âfi 802, aarnâ aims to replicate the role that structured products like mutual funds, ETFs and quant funds play in traditional markets.

Aarnâ.ai > âfi 802 tokenized AI alpha

Discover how AI-driven, risk-managed crypto investing can work for you at https://aarna.ai

For inquiries: afi@aarna.ai 

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View original content:https://www.prnewswire.co.uk/news-releases/cryptos-first-ai-quant-tokenized-product-is-launched-by-aarna-protocol-302333969.html

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