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$HOFV a possible NFT play in the future?A former SPAC associated with the NFL is spiking on traders calling it a possible NFT play in the future. is being circulated as a possible NFT play for investors. The company has a working relationship with the NFL in several areas and one Twitter account called the company the next NFT target play. “Check this news the angle stands out clear as day,” the tweet read. An article from NBC Sports was shared as part of the tweet that said the NFL is working on an NFT strategy. The NFL has told teams they shouldn’t make their own NFT deals without checking with the league first. The article did not mention any names or call out Hall of Fame Resort & Entertainment. “We are aware of the NFTs and working to understand them better,” a Hall of Fame Resorts spokesperson told Benzinga Friday. NFTs, or non-fungible tokens, are a hot topic in 2021 and investors are looking for companies with exposure to the growing market. The NFL could be looking to replicate the success of NBA Top Shot with its own NFT platform. Hall of Fame Resorts is a partner with the NFL but does not have experience in the blockchain market. “We know that we have incredible content and are always looking at different ways to monetize our assets,” the Hall of Fame Resorts spokesperson told Benzinga. Hall of Fame Resorts has a working relationship with the NFL. At this point, the company has no entry in the NFT market, so the rise in shares is based on speculation of a possible partnership. www.benzinga.com
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by AlenCiken
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Bitcoin Miner Greenidge and $SPRT Announce Merger AgreementBitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. (Nasdaq: $SPRT) Announce Merger Agreement Greenidge expects to achieve calendar year 2021 EBITDA in excess of $50 million and a run rate in excess of $160 million of EBITDA by Q4 20221 Hashrate of 1.1 exahash per second (“EH/s”), which is expected to grow to 2.6 EH/s in 20222 Based on its current buildout and expansion expectations, Greenidge expects to have at least 500 megawatts (“MW”) of mining capacity by 2025, compared to 19 MW today Support.com, Inc. (“Support.com”) is expected to provide Greenidge with an estimated $33 million of additional cash. Pro forma for the merger, the combined companies currently have over $70 million of net cash Upon completion of merger The merger is expected to close in Q3 2021 Greenidge is expected to be the only U.S. public company operating a vertically integrated power generation asset and bitcoin mining operation. www.businesswire.com
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by AlenCiken
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$ZKIN Eneters Non-Fungible-Token Market Projected at $1.3 BZK International's Subsidiary, xSigma Eneters Non-Fungible-Token Market Projected at $1.3 billion in 2021 as it Announces the Launch of its "NFT" Platform on Ethereum and Polkadot Blockchains The new platform being developed by the developing team at xSigma labs will be an NFT marketplace, which will allow users in the community to buy and sell NFTs, as well as to create their own custom NFTs in a few clicks. xSigma plans to use multiple blockchains behind the platform, such as Ethereum and Polkadot. xSigma plans to attract various artists and talents on an exclusive basis to its platform. Previously, xSigma was able to attract NBA Champion Dwight Howard, to endorse its DeFi project and it hopes that the new marketplace will be able to attract similar celebrities to its new NFT Platform. What are Non-Fungible Tokens? Non-Fungible Tokens are easily exchangeable and individually unique digital assets which are held on certain blockchains , mainly Ethereum but also others such as Flow, Wax, and many others. One of the key differences between Cryptocurrencies and Non-Fungible Tokens is that every NFT is completely and not directly interchangeable with any other asset by identity, value, and/or utility . Every Non-Fungible Token is composed of metadata which gives each one their individuality, these attributes can include size, artist name, scarcity etc. NFT not only exist in a digital space but crucially they can also represent any type of physical asset, acting as a kind of 'digital twin' to anything existing in the real world and enabling the ownership and exchange of physical possessions within digital marketplaces. the total market cap for project-based NFTs finished was $338 million at the close of 2020. Messari research analyst Mason Nystrom believes this figure could rise to more than $1.3 billion in 2021." The report goes on to indicate, that it is predicting that 2021 is poised for "a new Bull Market in the NFT industry."1 finance.yahoo.com
NASDAQ:ZKIN
by AlenCiken
$HCI TypTap Raises $100 Million from CenterbridgeHCI subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million. In exchange for its investment, Centerbridge received from TypTap preferred shares with liquidation, dividend, redemption, and other rights and received from HCI a four-year warrant to purchase 750,000 HCI common shares at $54.40 per share. The preferred shares automatically convert to common shares upon completion of an initial public offering meeting certain parameters. finance.yahoo.com
NYSE:HCI
by AlenCiken
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QuickLogic's Amazon-Qualified Reference Design built in AlexaQuickLogic's Amazon-Qualified Reference Design Brings Alexa to Hearables - Smart hearable reference design for voice-initiated, hands-free Alexa Built-in Devices with Close-Talk support - ­Provides hearable OEMs and ODMs with a head start on designing their own products with the Alexa user experience. QUIK today announced it has released an Amazon-qualified reference design that empowers OEMs and ODMs to evaluate and develop their own smart hearable products quickly and easily. This kit integrates the Alexa voice-initiated Close-Talk experience, enabling a broad set of battery-powered applications to communicate directly with Alexa for a multitude of use cases. "The age of the smart hearable has arrived, and our always-listening, Alexa Close-Talk reference design is the ideal platform for developing next generation AI-enabled hearable products," The QuickLogic QuickFeather AVS reference design for Amazon is available now and can be ordered from QuickLogic's online store. finance.yahoo.com
NASDAQ:QUIK
by AlenCiken
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$TAOP Enters into Blockchain Deployment Consulting AgreementTAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment $TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay"). Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following: Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin, Ethereum, etc.) investment opportunities. Introduce TAOP to potential investors for strategic investment. Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans. growing market demand for digital assets such as Bitcoin, maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin. In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash. finance.yahoo.com
NASDAQ:TAOP
by AlenCiken
$SINO Announces LOI to Acquire 51% of Computing Power CenterSino-Global Announces LOI to Acquire 51% of Computing Power Center Company $SINO announced today that it has signed a Letter of Intent ("LOI") to acquire 51% of Inner Mongolia Nine-Chain Intelligent Big Data Park Service Co., Ltd. ("Nine-Chain Intelligent"). Based on the information furnished to the Company, Nine-Chain Intelligent's computing power center currently has about 150,000 KW*hour capacity for Bitcoin mining. The total Bitcoin computing power reaches 4500P. In addition, the center has 50,000 KW*hour capacity for Ethereum mining. The total Ethereum computing power reaches 28T. 51% of equity interest is approximately $8.5 million. We are extremely excited to execute an LOI to help us strategically expand our business to Bitcoin and Ethereum mining. Recently, cryptocurrency mining has evolved rapidly with scalability and infrastructure. This investment will provide Sino-Global a foundation to develop the mining project efficiently. finance.yahoo.com
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by AlenCiken
$AXT revenue in Q4 rose 47% year over year to $27 million!“2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter,” Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019. Gross margin was 34 percent of revenue for the fourth quarter of 2020, compared with 35 percent of revenue in the third quarter of 2020 and 21 percent for the fourth quarter of 2019. Net income in the fourth quarter of 2020 was $2.1 million, or $0.05 per share, compared with net income of $1.0 million or $0.02 per share in the third quarter of 2020, and a net loss of $2.0 million or $0.05 per share for the fourth quarter of 2019. three analysts upgraded their 12-month price targets for the stock. Analysts from Northland, B. Riley Securities, and BWS Financial set price targets of $15, $12, and $20, respectively. finance.yahoo.com www.fool.com
NASDAQ:AXTI
by AlenCiken
$CLPS Signs Vendor Agreement with U.S. Digital Payment PlatformCLPS Incorporation Signs Vendor Agreement with a Well-Known U.S. Digital Payment Platform, Ramps Up Global Expansion Strategy. $CLPS will provide IT services, including data analysis and payment risk management for their international business. Growing beyond the Mainland China market, CLPS has been extending its presence and client base internationally, including blue chip financial institutions to meet the strong demand for IT services. The Company's competitive advantage and expertise in the payment industry are contributing factors that made the contract with the Client headquartered in the U.S. possible. It enables the well-established business relationship of both parties to transpire in the international market. finance.yahoo.com
NASDAQ:CLPS
by AlenCiken
$SONM Software Applications Earn FirstNet Certified™ DesignationSonimWare Enterprise Software Applications Earn FirstNet Certified™ Designation FirstNet® Subscribers Can Now Access Sonim SCAN and Sonim SOS Android Applications via the FirstNet App Catalog. Achieving a FirstNet Certified™ designation means that the Sonim SCAN and SOS applications are heavily vetted and trusted solutions for public safety, meeting FirstNet app requirements. The Sonim SCAN application utilizes an industry-leading Scandit Barcode Scanner Software Development Kit (SDK) to turn the ultra-rugged XP8 into a world-class barcode scanning solution for front-line workers who must rapidly capture large amounts of data. finance.yahoo.com
NASDAQ:SONM
by AlenCiken
Why $BRQS Skyrocketed in 2021Why $BRQS Skyrocketed in 2021 There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $BRQS shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month.. Chinese 5G/Ev/blockchain Just before Christmas last year, the company announced that it would be reducing its debt by $18 million and eliminating institutional loans. Also in December 2020, the company signed an agreement to build a 5G industrial park in China. The other positive factor for the $BRQS is the surging price of bitcoin-blockchain technology. investorplace.com twitter.com
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by AlenCiken
Teradata Soars on Strong Earnings and Demand for CloudTeradata Soars on Strong Earnings and Demand for Cloud Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services. Annual recurring revenue (ARR) increased 11% from the prior year period(1) Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1) Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1) Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations finance.yahoo.com
NYSE:TDC
by AlenCiken
LIZHI INC. Issues Letter to ShareholdersLIZHI INC. Issues Letter to Shareholders Tiya, our audio-based social product, soared to rank among the top 4 social networking apps in the U.S. Within a few months of Tiya’s launch worldwide, it has been ranked among the top 10 social networking apps in about 50 countries worldwide. Currently, Tiya has users in over 200 countries. We believe that online social networking through audio will become a dominant method of social networking in the future. we further developed LIZHI’s corporate value, while elevating our talent training initiatives, including forming collaborations with universities to cultivate talents specializing in AI technology. Moreover, we launched an "Innovation Training Camp" internally to equip our employees with innovative thinking in tandem with scientific methods. We also continued to invest in our management team with a lot of resources and systematic training to enhance management skills. we launched a new mobile app, LIZHI Podcast (also named LIZHI BOKE in Chinese), in January 2021, to provide our users with a more compelling podcast experience.
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by AlenCiken
Payoneer to Become Publicly Traded Company Through FTACPayoneer to Become Publicly Traded Company Through Combination With FTAC Olympus Acquisition Corporation Payoneer processed more than $44 billion in volume in over 7,000 trade corridors in 2020 Transaction assigns Payoneer $3.3 billion pro-forma implied enterprise value upon , representing a 7.6x multiple of 2021 expected revenue of $432 million. The cash component of the purchase price to be paid to the equity holders of Payoneer is expected to be funded by FTOC's cash in trust (minus any redemptions by FTOC's existing public stockholders). Includes commitments for $300 million PIPE from investor group including existing investor Wellington Management, as well as Dragoneer Investment Group, Fidelity Management & Research Company LLC, Franklin Templeton, certain funds managed by Millennium Management, funds and accounts advised by T. Rowe Price Associates, Inc., and Winslow Capital Management, LLC Following the Reorganization, the Company is expected to have up to $563 million in cash, offering significant capital flexibility for continued organic and inorganic growth. Existing Payoneer equity holders have the potential to receive an earnout of additional shares of common stock if certain stock price targets are met as set forth in the reorganization agreement, and they will remain the largest investors by rolling over significant equity into the Company. The transaction is expected to close during the first half of 2021. finance.yahoo.com
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by AlenCiken