Bairong Inc. Reinforces Data Privacy Protection with New Patent


Bairong Inc. (“Bairong” or “the Company”, 6608.HK), a leading independent AI-powered technology platform in China, has been making efforts to develop new technologies to better protect personal privacy. Its new patent based on federated learning can effectively protect privacy by restricting certain personal data from being transmitted from users’ mobile devices.

The patent – “A credit anti-fraud prediction method and system for mobile devices based on federated learning” – can be applied as an important data processing and analysis solution to protect private personal information. With individual private data not leaving users’ mobile devices, the solution can realize joint modeling between individual users and commercial institutions, so as to avoid leakage of personal information from the source and secondary leakage under technical analysis.

“Data security relies on advanced privacy computing technologies,” said Shaofeng Zhang, Founder and CEO of Bairong. “It is crucial to lay a solid foundation for privacy protection with patented technologies before commercial applications are widely deployed. We have long recognized the importance of data security for the digital economy, and have been developing innovative technologies in the field of data security and privacy computing.”

In a common scenario of financial data collection and analysis, if users want to borrow money online through their mobile devices, they first need to send their personal information, including app list, contact information, geographical location, and equipment identity number, to the server of financial institutions during the application process. The privacy and security of personal information may be at risk in this process.

With Bairong’s innovative patent, users no longer need to send their personal information from their mobile devices. The new solution can directly develop a federal learning model between users’ mobile devices and financial institutions, which can avoid leakage of user information from the source. While solving the problem of data security, more information on mobile devices can be leveraged to improve the accuracy of the prediction model.

Bairong’s patented technology has already been adopted by some financial institutions. For a key FSP client, Bairong’s federated learning technology was applied to upgrade its credit evaluation model. By ensuring security of data privacy and compliance, Bairong broke through “isolated island” limitations and integrated data from multiple parties, which increased the client’s model evaluation index K-S, directly improved the asset business efficiency with AI enabling transformation, and promoted cross operations with wealth management business.

China’s long-term blueprint for economic development has prioritized data security to include protection of trade secrets and personal privacy, legislation of data security and personal information protection, and security of data resources throughout their life cycle.

Bairong’s patent on privacy protection is a pioneering technology in the industry, which will provide an innovative solution to data security and business development in the future. In recent years, Bairong has increased investment in R&D, and developed advanced technologies in artificial intelligence, cloud computing, blockchain, and privacy computing.


Metavize and Metabloqs form strategic partnership for 3D spatial development and architectural services in “meta-cities” on Metabloqs’ metaverse


Metavize Technology Solutions Limited (“Metavize”) and Metabloqs announced a strategic partnership to provide 3D spatial development and architectural services to companies who are interested in investing properties and developing projects in “meta-cities” in Metabloqs. Metavize is a highly innovative full-service 3D spatial development and architectural service firm for the metaverse, while Metabloqs is a decentralized metaverse with meta-cities based on “real” cities that provide a real world, truly immersive experience.

Metabloqs’ vision is to create a unique ecosystem where users can create, own, and monetize their experiences using token “BLOQS,” the native utility token. Citizens of Metabloqs are provided with a unique passport to enter the metaverse, purchase land and rare goods such as NFTs, and create their dream projects.

The first meta-city is Meta-Paris, which is scheduled to launch in June 2022. Through this strategic partnership, Metavize will act as the official representative of Metabloqs to expand into other meta-cities in Asia through strategic investment.

“Metablogs offer high-quality 3D graphics and truly immersive experience. There will be DIY user-friendly tools on Metabloqs for users who want to build their own projects,” said Megha Shrestha, CEO of Metabloqs. “We are very pleased with our strategic partnership with Metavize. This allows us to create a stunning experience that will catch users’ eyes, offer professional 3D spatial development and architectural services to our property investors and business operators, expediting their property development cycle and improving return-on-investment.”

“As people spend more time in the digital space for leisure, commerce, and work, their expectations of user experience in the metaverse will be much higher and one that is closer to real-life experience,” commented Michael Leung, CEO of Metavize.  “We are very excited about our partnership with Metabloqs, who by far offer the best immersive experience among other metaverses that we have seen on the market. We believe this superb user experience will become a very important driver for user adoption.”

“Metaverse takes virtual assets beyond cryptocurrency. Virtual assets from the metaverse are backed by substantial content such as land, property, products with real utilities with the metaverse ecosystem,” said Samson Lee, advisor of Metabloqs and CEO of Coinstreet Meta Solutions. “Metaverse NFT in layman’s term means ‘digital ownership certificate’ of value-back virtual assets in the metaverse that are tracked and managed by the blockchain, a ‘global decentralized computer’ which also acts as settlement system facilitating all transactions globally. We are at the very early days of market development with huge growth opportunities ahead.”


K-Startup Grand Challenge 2022: From stepping stone in Korea to the gateway for Startups to conquer the Asian market


After seven consecutive years of organization, attracting more than 10,000 Startups from 151 countries to participate, with 1,25 billion USD invested, The Korean Government’s K-Startup Grand Challenge program affirms its position as a gateway to help potential Startups conquer the Asian market.

Korea – New Startup hub in Asia

Korea is the 15th largest domestic market in the world with a scale of 736,21 million USD. LTE covers 100% of the Korean territory. The country has not only a favorable geographical position when located in East Asia, next to mainland ChinaJapanHong Kong, and Taiwan but also an active and well-designed Startup ecosystem, attracting investors, accelerators, and incubators worldwide.

The Korean Government is making firm commitments to support the Startup ecosystem with an investment of up to 10 trillion won (estimated 8,7 billion USD). There are currently about 40 Startup accelerators in Korea that provide capital to entrepreneurs in various fields. With such an environment, Korea is becoming the hottest Startup hub in Asia.

K-Startup Grand Challenge 2022 – The golden gate to Asia

Intending to become the leading Startup Center in the region and the world, the Korean Government has organized K-Startup Grand Challenge (KSGC) since 2016 to support foreign Startups who want to expand into the Asian market by using the Korean market as a stepping stone. Over the years, the program has had more than 10,000 applications from 151 countries worldwide, and the total investment is more than 1,5 billion USD. In 2022, the Korea IT Cooperation Center in Hanoi (KICC), which is a representative office of  the National IT of Industry Promotion Agency (NIPA), continues to be the unit responsible for implementing the K-Startup Grand Challenge 2022 (KSGC 2022) in Vietnam and PhilippinesTaiwanHong KongCambodiaMyanmarLaosEast Timor.

From April 15th, 2022, the KSGC 2022 program will begin to receive applications through until the end of May 31st, 2022.

June 7th – 10th, 2022 is the time to review the application.

June 20th – 24th, 2022 will take place the Global Audition.

June 30th, 2022, the best 60 teams worldwide will participate in the accelerator program in Pangyo Technology Valley, Korea, which will officially begin from August 1st to November 15th, 2022 (3.5 months).

The Top 60 Startups will receive support funding up to 11,136 USD/team and present products to investors at the investment fair. After that, the Top 30 Startups will participate in the establishment support program in Korea, which will last for another 3.5 months (with funding up to 11,136 USD/team). On the other hand, the Top 10 Startups will receive financial support totaling up to 320,000 USD.

More than just a competition, KSGC 2022 is a door for Startups to expand to foreign markets, connect with leading corporate and VCs in Asia and to validate their business model.

Who can register to participate?

Startups less than seven years old or Pre-entrepreneur whose representative holds a foreign nationality other than Korea.

Projects and Startups from all fields, including AI, Blockchain, 5G, Big Data, and E-commerce, have the potential to expand their business to the Asian market by using the Korean market as a stepping stone.


Caroline Mogford joins Veriff as Chief Marketing Officer


Veriff, a global identity verification provider, today announced that Caroline Mogford is starting as Veriff’s Chief Marketing Officer (CMO). Mogford will join Veriff’s executive team and is responsible for leading the company’s marketing strategy as it meets the growing demand for reliable and secure identity verification across industries. In her role as CMO, she will lead the global marketing organization focused on driving Veriff’s demand generation, product marketing and brand awareness.

Mogford brings more than 15 years experience in the technology industry to her new role at Veriff. Most recently, Mogford was senior vice president of marketing at Qualtrics where she led EMEA marketing and sales development as well as global partner marketing. During her time at Qualtrics, Mogford grew her team from one person to roughly 100 across the globe. Prior to that, she led international marketing for Google, owning marketing initiatives for the Google for Education product line.

“We are at a pivotal point in Veriff’s history, with a great opportunity to expand our global influence in the identity verification industry making trust scalable online,” said Kaarel Kotkas, founder and CEO of Veriff. “Caroline brings a proven track record for helping companies – and individuals –  to successfully scale. She will play a critical role in helping further strengthen Veriff’s position in the US market and lead Veriff’s adoption in new markets.”

The identity verification (IDV) market is developing at a rapid pace as an increasing number of companies and consumers are recognizing the technology’s ability to instill trust and security in their online interactions. Veriff is well positioned to call attention to the benefits of secure IDV and can lean on its position as a leading provider of IDV technology to some of the world’s biggest brands to influence market trends. Mogford’s appointment to CMO will strengthen the company’s position and provide strategic leadership behind Veriff’s efforts to educate companies and consumers.

“There are four things that I look for in a company: Does it make the world a better place? Does it have the best product in its space? Is it led by amazing founders with a long-term vision? And does it hire great people?,” said Mogford. “Veriff checked all those boxes for me. I believe that Veriff has the best ID verification technology – whether to  ensure that your children are safe online playing video games, or that your taxi driver is who they say they are. This is something that should make all of our lives safer and easier. I have high expectations for what Veriff’s team will achieve and I’m thrilled to be part of that journey.”

Mogford has a First in Economics from Cambridge University and a Masters in Economics from The London School of Economics.

DeepMarkit Successfully Tests and Mints Carbon Credit NFTs via its Platform


DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs“), is pleased to announce it has recently undergone and successfully completed three different scenario-based tests (the “Minting Tests“) to mint carbon credits into NFTs via its platform. The Minting Tests were conducted in order to confirm the core functionality of the platform, which is nearing commercial launch.

As background, the NFT minting process for an offset credit is initiated by confirming and authenticating the credit on a carbon project registry. Upon verifying the offset credit’s authenticity, the user is then approved to mint it into a verified carbon credit NFT through the platform. Once minted, the user can hold, sell or retire their carbon credit NFT. A holder of an active carbon credit can retire it via a retirement contract on the platform. Retirement takes place seamlessly on both the blockchain and on the authenticating registry. When the underlying carbon credit is retired, the NFT’s residual value can become a function of the market’s perceived worth of its artwork and its underlying project details.

Management Commentary

“These three successful minting tests are the final major step before being able to launch the platform on a commercial scale. The retirement, claim and hold scenarios demonstrate the versatility and optionality available to users of our platform. These successful trials showcase that we are able to deliver on our promise of bringing increased transparency and liquidity to the carbon credit markets in a fast and effective manner,” said Ranjeet Sundher, Interim CEO of DeepMarkit.

Carbon credits from the following projects were selected to be minted into NFTs:

  • Fulton County Mud Road Landfill Carbon Project in the United States;
  • Wind Power Project in Karnataka, India by OMWPL; and
  • VTRM Renewable Energy Project in Minas Gerais, Brazil.

The Minting Tests consisted of three different scenarios – retirement, claim and hold – and involved the Gold Standard and Verra registries. The Minting Tests were also designed to evaluate the versatility and ease of use of the platform, as well as the compatibility of the platform’s software with the registries and the blockchain. Once minted, the carbon credit NFTs were then placed for sale on and Rarible. In each test case, the Company’s wholly owned subsidiary, First Carbon Corp., obtained the underlying carbon credit in its account at the respective registry, with beneficial ownership remaining with each respective owner.

Test Scenario 1 – Retirement

Retirement Test Buyer purchased an active carbon credit NFT from the Fulton County Mud Road Landfill Carbon Project certified by Verra on OpenSea (OpenSea Listing). They then desired to retire the active carbon credit NFT to offset one tonne of carbon emissions. Retirement Test Buyer sent the active carbon credit NFT to the retirement contract (polygonscan). Then, they received a retired carbon credit NFT on-chain (OpenSea Retirement). The Fulton County Mud Road Landfill Carbon Offset Project carbon credit was confirmed as retired by the Verra registry (Verra Retirement).

Test Scenario 2 – Claim

Claim Test Buyer purchased an active carbon credit NFT from the Wind Power Project in Karnataka by OMWPL certified by Goldstandard on Rarible (Rarible Listing). They desired to claim their active carbon credit NFT from the Wind Power Project in Karnataka by OMWPL and receive the carbon credit on the Gold Standard registry. Claim Test Buyer sent their active carbon credit NFT to the claim contract (polygonscan) along with their account details to the registry. Claim Test Buyer delivered the NFT and the underlying carbon credit was transferred on Gold Standard to their registry account.

Test Scenario 3 – Hold

Hold Test Buyer purchased an active carbon credit NFT from the VTRM Renewable Energy Project 1812 certified by Verra (OpenSea link). They desired to hold onto their active carbon credit NFT from the VTRM Renewable Energy Project. Hold Test Buyer was able to mint and hold the NFT for deposit at a future date.


Hut 8 Reports Operating and Financial Results for Q1 2022


Hut 8 Mining Corp. (Nasdaq: HUT)  (TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, is pleased to announce its financial results for the quarter ended March 31, 2022. All dollar figures are in Canadian Dollars (“CAD”), unless otherwise stated.

“We made measurable progress in the first quarter of 2022, significantly advancing our diversification strategy by completing the acquisition of five data centres and cementing our role as the only digital asset mining company that is delivering the high performance computing infrastructure to support companies in the blockchain and Web 3.0 spaces,” said Jaime Leverton, CEO of Hut 8. “Thanks to our leadership role in the digital asset mining industry backed by our HODL strategy, we are uniquely positioned to seize opportunities in this burgeoning industry as they arise.”

“Our mining operations, thanks in large part to the installation of nearly 9,600 new MicroBT miners, continued to deliver strong results during the first quarter,” said Shane Downey, CFO of Hut 8. “We realized strong revenue and profitability while advancing our HODL strategy, and are confident that we have the fundamentals in place to serve us for the long term.”

    • Revenue increased 67% to $53.3 million during the quarter ended March 31, 2021, with our self-mining operations generating $49.3 million of revenue on 942 Bitcoin mined.

    • The Company installed 9,592 new MicroBT M30S, M30S+, and M31S+ miners at the Drumheller and Medicine Hat facilities in Alberta. The installation of these miners brought the Company’s operating capacity to 2.54 EH/s, an increase of 27% from December 31, 2021.

    • The acquisition of TeraGo Inc.’s cloud services and colocation data centre business was completed on January 31, 2022, establishing the Company as a leader in high performance computing, with five data centres across Ontario and British Columbia and approximately 400 commercial customers. The high performance computing operation currently contributes monthly recurring revenue of approximately $1.6 million.

(i)        Non-IFRS measure – see “Non-IFRS Measures” section below.

  • The Company expanded its management team with the appointment of Erin Dermer as Vice President Marketing, Communications, and Public Affairs; James Beer as Senior Vice President Operations; and Josh Rayner as Vice President Sales. Collectively, these individuals bring more than 45 years of leadership of experience to the Company to support the growth of its operations.

For the periods ended March 31

Three Months Ended

(CAD thousands, except per share amounts)



Operating results

     Digital assets mined



Financial results

     Total revenue

$     53,333

$     31,983

     Net income



     Mining profit (ii)



     Adjusted EBITDA (ii)



Earnings Per Share

     Net income – basic

$        0.33

$        0.17

     Net income – diluted

$        0.31

$        0.15

    (i)             Non-IFRS measure – see “Non-IFRS Measures” section below.

    (ii)            Certain comparative figures have been restated where necessary to conform with current period presentation.

 As At

(CAD thousands)

March 31,

December 31,


Financial position


$       78,524

$     140,127

     Total digital assets



     Total assets



     Total liabilities



     Total shareholder’s equity



  • Revenue for the quarter ended March 31, 2022, was $53.3 million compared to $32.0 million in the prior year period. The increase was primarily driven by the Company’s digital asset mining operations, where the Company mined 942 Bitcoin and generated $49.3 million of revenue, versus 539 Bitcoin mined and $30.6 million of revenue in the prior year period. The increase in Bitcoin mined is due to the deployment of incremental higher efficiency miners during the quarter in 2022 compared to the same period in 2021. The increase in revenue due to higher number of Bitcoin mined was partially offset by a decrease in average Bitcoin price, which resulted in average revenue per Bitcoin mined of $52,327 for the quarter compared to $56,692 in the prior year’s quarter. Hosting revenue was $0.8 million for the quarter compared to $1.4 million in the prior year’s quarter. The decrease in hosting revenue is due to a reduced number of hosting clients, as the Company acquired the digital asset mining equipment from one of two historical hosting customers in December 2021.

  • The Company’s newly acquired high performance computing operations added $3.3 million of revenue, reflecting two months’ worth of contributions. The Company estimates that recurring revenue from the high performance computing business will increase 15-18% over the course of 2022. Hut 8’s preliminary view is that this acquired business will generate gross margins ranging between 35% and 40%, with opportunities to further optimize margins going forward.

  • Cost of revenue consists of site operating costs and depreciation and was $36.9 million for the first quarter of 2022 compared to $19.8 million in the prior year period. Site operating costs consist primarily of electricity costs as well as personnel, network monitoring, software licensing and equipment repair and maintenance costs at our mining and high performance computing operations. Site operating costs for the quarter ended March 31, 2022 were $18.5 million, of which $16.9 million was attributable to our mining operations and $1.6 million was attributable to our high performance computing operations. The average cost of mining each Bitcoin for the first quarter of 2022 was approximately $18,000, compared to approximately $25,900 in the prior year for the same period. The decrease is primarily due to deployment of a larger and significantly more efficient fleet of mining equipment. Depreciation expense increased to $18.4 million during the first quarter of 2022 compared to $5.8 million in the same period of 2021, driven by the increased number of miners deployed during the quarter as well as $0.7 million of additional depreciation from our newly acquired high performance computing operations.

  • Net income was $55.7 million and net income per share was $0.33 for the three months ended March 31, 2022, compared with net income of $19.1 million and net income per share of $0.17 for the same period in 2021. The change was driven by the higher revenue and non-cash gain on revaluation of warrant liability recorded in first quarter of 2022 partially offset by lower general and administrative expenses incurred in first quarter of 2021.

  • Adjusted EBITDA(i) (a non-IFRS measure) increased by $10.9 million for the quarter ended March 31, 2022, compared to the same period in 2021. The increase was driven by higher digital asset mining profit(i), partially offset by higher general and administrative expenses incurred to support the growth in the Company’s operations.

  • Digital assets consist of Bitcoin, which had a balance of 6,460 Bitcoin and a market value of $367.6 million as of March 31, 2022. This balance consisted of 4,460 Bitcoin held in custody and 2,000 held under lending arrangements.

This press release makes reference to certain measures that are not recognized under IFRS and do not have a standardized meaning prescribed by IFRS. They are therefore not necessarily comparable to similar measures presented by other companies. The Company uses non-IFRS measures including “Adjusted EBITDA” and “Mining profit” as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from Management’s perspective.

The following tables reconcile non-IFRS measures used by the Company to analyze the operational performance of Hut 8, to their nearest IFRS measure and should be read in conjunction with the unaudited condensed consolidated interim statement of operations and comprehensive income (loss) and unaudited condensed consolidated interim statement of cash flows included in the unaudited condensed consolidated interim financial statements for the quarter ended March 31, 2022.

Mining Profit

“Mining profit” represents gross profit (revenue less cost of revenue), excluding depreciation and revenue and site operating costs directly attributable to hosting services. Mining profit shows profitability of the Company’s core digital asset mining operation, without the impact of non-cash depreciation expense.

The following table reconciles Gross profit to our non-IFRS measure, Mining profit:

For the three months ended March 31



Gross profit

$          16,455

$          12,207

Add (deduct):

     Revenue from hosting



     Revenue from high performance computing


Site operating costs attributable to hosting and high performance       







Mining profit

$          32,906

$          17,498

(i)     Non-IFRS measure – see “Non-IFRS Measures” section below.

Adjusted EBITDA

“Adjusted EBITDA” represents EBITDA (net income or loss excluding net finance income or expense, income tax or recovery, depreciation, and amortization) adjusted to exclude non-cash share-based compensation, fair value gain or loss on revaluation of digital assets, non-recurring impairment charges or reversals of impairment, and costs associated with one-time or non-recurring transactions. Adjusted EBITDA is used to assess profitability without the impact of non-cash accounting policies, capital structure, taxation, and one-time or non-recurring transactions. This performance measure provides a consistent comparable metric for profitability of the Company across time periods.

The following table reconciles net income to our non-IFRS measure, Adjusted EBITDA:

For the three months ended March 31



Net income

$          55,708

$         19,134

Add (deduct):

     Net finance expense (income)



     Depreciation and amortization



     Share based payment



     Gain on disposition of digital assets


     Foreign exchange



     Share based payment taxes withholding


     One-time transaction costs


     Deferred income tax expense (recovery)



     Sales tax expense



     Gain on revaluation of warrants liability


$        27,109

$      16,181


Hut 8 Q1 2022 conference call will commence at 10 a.m. ET, today, May 12, 2022. Those wishing to join via telephone should dial in 5 minutes early:

  • Within Canada: 1-866-455-3403 access code: 81669575#
  • Within the US: 1-866-374-5140 access code: 81669575#
Analyst Coverage of Hut 8 Mining:

A full list of Hut 8 Mining analyst coverage can be found here.


This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company’s businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Specifically, such forward-looking information included in this press release include, but are not limited to, statements with respect to the following: the Company’s position and ability to seize opportunities in the digital asset industry; the Company’s ability to advance the HODL strategy in the long-term; the Company’s growth strategy; estimates of increased recurring revenue from the Company’s high-performance computing business and the amount thereof; and the Company’s estimated margins of the high performance computing business and its ability to optimize margins in the future.

Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. Material assumptions include: assumptions regarding the level of demand and financial performance of the digital asset industry, effective tax rates, the U.S./Canadian dollar exchange rate, the expected impact of the COVID-19 pandemic, inflation, access to capital, timing and receipt of regulatory approvals, acquisition and divestiture activities, operational expenses, returns on investments and transaction costs.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by Hut 8 as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin network, further development and acceptance of the Bitcoin network, changes to Bitcoin mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to cryptocurrency exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of cryptocurrency, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, and other risks related to the cryptocurrency and data centre business. For a complete list of the factors that could affect the Company, please see the “Risk Factors” section of the Company’s Annual Information Form dated March 17, 2022 and Hut 8’s other continuous disclosure documents which are available on

These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8’s future decisions and actions will depend on management’s assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

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


CoinEx Adopts an All-new Brand Slogan: Making Crypto Trading Easier


In December 2020, CoinEx adopted the brand slogan of “Where Innovative Digital Assets Gather”, which indicates that the platform’s growth strategy was to bring innovative, quality projects to users and help them capture the latest trends and seize new opportunities. Guided by such principles, the CoinEx token-listing team always prioritizes the listing of quality cryptos and is never blindly after quantity. Such a rigorous funnel-shaped screening process not only allows users to identify first-rate assets and stay ahead of peers but also earns CoinEx a great reputation, which has brought win-win results for both the platform and users.

Throughout 2021, CoinEx listed 300+ premium cryptos. Meanwhile, helping users select innovative digital assets was no longer a growth target. Instead, it had become the norm of listing all the superior cryptos on the exchange. As the crypto market continues to evolve, a growing number of users flock to the blockchain industry.

However, these beginners are often confused and daunted by the lack of blockchain know-how, the high threshold of trading platforms, as well as the complex operations of crypto trading. As such, CoinEx should not simply strive for the provision of innovative digital assets — moreover, it needs to help beginners complete their first crypto transaction with ease, allow them to benefit from the more convenient circulation of crypto assets, and make the world a better place via blockchain together with users.

To that end, CoinEx has decided to adopt an all-new brand slogan: Making Crypto Trading Easier. In the future, CoinEx will function as the bridge between users and the crypto world. As the gateway to the crypto space, the exchange will help more users complete each crypto transaction with ease and shatter the long-standing stereotype that the blockchain industry is inaccessible.

On CoinEx (both on Web and Mobile APP), users can trade cryptos easily and conveniently anywhere they are and whenever they want to. CoinEx strives for simple product designs and easy operations, allowing users to get started with CoinEx products and trade cryptos right away. Meanwhile, the exchange provides an all-encompassing, professional Help Center to guide users from basic operations to advanced trading tactics. On CoinEx, all users can have access to detailed blockchain know-how and all-inclusive guides to trading operations. With the Help Center, even crypto newbies can effortlessly orient themselves in the crypto world.

During the past decade, the blockchain industry saw great changes, and the intensive competition between crypto trading platforms has also ended. In a world where the total market cap of cryptocurrency continues to rise, the crypto market plays a vital role in the financial sector. Meanwhile, a growing number of new users will rush to the blockchain space. CoinEx is keenly aware that the blockchain world requires the contribution of more individuals, and we can only gather more efforts to improve the blockchain sector by making the industry accessible to more users, changing how assets are traded, and breaking the restraints of conventional finance.

“Making Crypto Trading Easier” is not just a slogan — It is a major goal and growth strategy that CoinEx is striving for. The exchange plans to become the bridge connecting users and the crypto world. As the gateway to the crypto space, CoinEx aims to make crypto trading easier.


Meta Bosses Club Teams Up With Hardy Hardy & TheFinalBosses In New NFT Project Raising Anti-bullying Awareness


Singapore-based metaverse lifestyle company Meta Bosses Club unveiled today a new non-fungible token (NFT) project, Pa-ardy World, in collaboration with fashion label Hardy Hardy and collectible creators TheFinalBosses, for a worthwhile social cause.

Going beyond just art and fashion, the Pa-ardy World collection will consist of 9,180 Genesis NFTs as ERC-721A tokens on the Ethereum (ETH) blockchain, featuring Hardy Hardy’s line of premium streetwear fashion apparel as donned by Paisus, an avatar created by TheFinalBosses. Each Pa-ardy World NFT is randomly generated, with over 400 unique hand-drawn traits in the mix to create a truly one-of-a-kind collectible.

The whitelist of Pa-ardy World starts from 18 May ’22, followed by a public minting on 29 May ’22. A reveal on OpenSea will be made on a later date.

Upcoming Roadmap

Following the release of Pa-ardy World, 2,000 collectible designer figurines in 7″ size, bundled with meaningful messages, will be airdropped to random NFT holders to thank them for their support.

MetaBosses plans to collaborate with more brand partners in the future, where holders have options to evolve their Genesis NFTs into a new NFT, potentially allowing all Genesis NFTs to mutate into multiple brand collections within the 9,180 NFTs. This serves to expand the community’s collections and exclusivity.

To increase social responsibility, Meta Bosses Club is partnering with The Giving Block to donate up to USD 200,000 of the NFT sale proceeds to charity funds chosen by the NFT holders.

Interested collectors can keep up with the MetaBosses Club and the Pa-ardy World collection through the website,  TwitterDiscord, Instagram.


Ann Dunkin, Lucien Engelen and Shafi Ahmed to headline the speaker list at IOT Solutions World Congress 2022


The IOT Solutions World Congress (IOTSWC), the largest international event devoted to industry transformation through disruptive technologies, will hold its sixth edition from May 10 to 12 and will feature over 200 experts in industrial digitalization in its congress program.

Among the speakers is Ann Dunkin, Chief Information Officer (CIO) at the US Department of Energy and author of Industrial Digital Transformation: Accelerate digital transformation with business optimization, AI, and Industry 4.0. In 2016 she was named one of ComputerWorld’s Premier 100 Technology Leaders, and one of Washington DC’s Top 50 Women in Technology in 2015 and 2016.

With a wide experience of the Healthcare industry, Lucien Engelen looks at how new technologies can change patient care models in the context of rising demand for healthcare, shortages of skilled staff and restrictive budgets. He is a faculty member of Exponential Medicine at Singularity University and has advised many companies in business transformation.

The crossroads between sport and technology will be the main focus of the conference of Albert Mundet, Director of the Barça Innovation Hub at FC Barcelona. Mundet will explain how the football club is using Digital Twins to enhance visitors’ experience at the Camp Nou.

Healthcare and technology innovation is the domain of Shafi Ahmed, a colorectal surgeon at The Royal London and St Bartholomew’s Hospitals. A multi award-winning surgeon, teacher, futurist and innovator, Dr. Ahmed has explored the use of augmented and virtual reality as tools to improve healthcare delivery and teaching.

Organised by Fira de Barcelona in partnership with the Industrial Internet Consortium®, IOTSWC will structure its congress program in five horizontal tracks: Business Optimization Solutions, Artificial Intelligence Solutions, Connectivity Solutions, Security Solutions and Customer Experience Solutions. The Congress program will also feature speakers from Airbus; Buhler Group; Johnson&Johnson; Konecranes; Lego Group, Siemens, Toshiba and Volkswagen Group.

Industry transformation reimagined
The event will showcase the solutions of 310 exhibiting companies including ABB, Altair, Amazon Web Services, BrainCube, Crowdstrike, Deloitte, Device Authority, EMnify, Faircom Corporation, Fiware, Hornet Security, Huawei, Kaspersky, KNX, Libellium, Palo Alto, Richardson RFPD, Relayr, Siemens, Sternum and Trellix, TXOne Networks. All of them will display examples of how the Internet of Things, Artificial intelligence, Digital Twins, Augmented and Vistrual Reality, Blockchain and other technologies have the potential to transform entire businesses.


Winner of Hogeman Speedrun Tournament Tesla Edition Goes Home with $55,000


Virtual Pangea’s Discord channel was overflowing with excitement and adrenaline on Saturday, April 23, when ten players were competing live in Hogeman game Battle Royale grand finale for a Tesla Model 3 or $55,000 worth of Eth.

The three-hour event – hosted live on Youtube by Youmuus and streamed on Twitch by Lauren Burch – was the triumphal end to the Virtual Pangea’s three-month-long Hogeman Speedrun Tournament Tesla Edition, with the ten winners taking home $63.000 worth of prizes.

It was a true nail-biter of a race viewed by over 6,000 people, watching Bartek Polak (@Light1323) from Poland, winning the grand prize with an overall speed run game record time of 24 minutes and 10 seconds.

“The experience was amazing! As I was beating my previous scores, I felt nostalgia, adding the smallest details to improve by just milliseconds”, said Polak, the winner of the tournament. “Hogeman is fun to play, as long as you keep exploring and developing new strategies. I was nervous during the live event, but the fact that each of the ten players were winners of Virtual Pangea prizes made me just go for it and do my best…and it worked!”

Competition was tight, with second runner-up, Antons Fridrihs (@Thesviborg), Latvia, finishing with 24 minutes and 37 seconds and winning $3,000 worth of USDC, followed by PhD in Physics graduate Harley Rutherford (@MoodyTornado), Australia, finish third place with only a 10 second difference and a prize of $2,000 worth of USDC.

“Well done to all ten competitors for their game and their comradery. Our hard work of making this final event an enjoyable and thrilling experience for our audience and Hogeman Club members has paid off,” commented Dani Chear, CEO at Virtual Pangea. “We’re pleased with the outcome, seeing the social platforms attendance and interactions, the friendships that were made and the level of preparation and strategy the contestants had to put in when playing Hogeman.”

The Speedrun Tournament – Tesla Edition, started in the middle of January 2022, when Hogeman Club NFT owners got an exclusive invite to invest in one of the unique NFTs in the collection and try their skills at speed running through nine levels, while fighting one evil crypto boss at a time. The ten best times on the leaderboard, announced at the end of the tournament on April 15, qualified for Battle Royale.

Between April 15-23, the “fantastic ten” had a warm-up week to complete all nine levels and play their best times. On the day of Battle Royale each player had 10 minutes to beat the mighty InfluencerX boss in level nine, with the entire world watching them do this live.

The Speedrun Tournament Tesla Edition is the first in a series of Hogeman tournaments that aims to bring together 2D indie gaming powered by Web3 technology. Being the owner of one of the 760 NFTs in the Hogeman Club collection opens a world of possibilities and pre-events promotions that will include future gaming Hogeman tournaments. To stay up to date with what’s coming, check out Virtual Pangea’s Cryptic Pixel game studio that has just launched its website.