#blockchain company in Texas

[blockchainappmaker07]

Future-Proof Your Business with Blockchain Solutions from Blockchain App Maker Texas

All businesses from different industries have been adopting innovative technologies such as blockchain to help streamline their operations, enhance security, and create new revenue-generating streams in this fast-paced digital world. Blockchain App Maker is one of the most known blockchain development company in Texas, providing bespoke blockchain solutions to help businesses stay ahead of the curve. With years of experience and a team of skilled developers, Blockchain App Maker is helping companies in Texas unlock the potential of blockchain technology and embrace the future of decentralized solutions.

About Blockchain App Maker Texas: Blockchain Innovators

Blockchain App Maker Texas is a subsidiary of Blockchain App Maker, which is known for its exceptional expertise in blockchain development. They strive for secure, scalable, and future-proof integration of blockchain technology in operations in Texas and beyond with their solutions. For startups, they have been providing full assistance for building dApps and enterprises looking to integrate blockchain in order to streamline processes. Blockchain App Maker Texas has offered these holistic services in order to empower businesses and help them thrive within this decentralized economy.

Blockchain App Maker Texas is among the leading firms in the region, trusted and renowned for delivering blockchain-based successful projects. The company has vast years of experience working directly with businesses in healthcare, finance, real estate, supply chain, and many more. Cutting-edge blockchain solutions are being brought to businesses to enable them to gain that competitive advantage.

Blockchain App Maker Texas Services List

Blockchain Custom Development

Blockchain App Maker Texas specializes in tailoring blockchain solutions for businesses of any size. Whether it is the creation of a private blockchain for secure transactions or a public blockchain for decentralized applications, the company ensures that each solution is tailored to meet the needs of the client. From ideation to deployment, Blockchain App Maker Texas offers end-to-end blockchain development services focused on security, scalability, and performance.

Smart Contract Development

Smart contracts are at the centre of blockchain technology. This would allow for the self-execution and transparent agreements without any intermediaries. Blockchain App Maker Texas would help develop the smart contract. It facilitates maximum safety and efficiency with process automation of businesses. Company's domain expertise would also help deploy smart contracts into finance, real estate, tokenization, and even supply chain management.

dApp Development

Decentralized applications are changing the way any business interacts with its clients and conducts transactions. Through dApps, Blockchain App Maker Texas excels in giving secure and transparent blockchain execution. This is a decentralized alternative that can be used in an application, just like an ordinary application. The people in the team work intimately with businesses to design, build, and create simple, scalable, and innovative dApps that unlock all the potential of blockchain.

NFT Development

Non-Fungible Tokens (NFTs) have brought about a new era of digital assets. Blockchain App Maker Texas helps companies create and launch their own NFTs, be it in digital art, gaming, collectibles, or even tokenizing real-world assets. Leveraging their experience in blockchain development, they create NFTs that are both secure, scalable, and marketable while giving companies an entry into the burgeoning NFT market.

Blockchain Consulting and Strategy

Understanding blockchain and its implementation toward business growth is a prerequisite for any organization. Blockchain App Maker Texas is one of the most impressive service-providing consulting services to businesses about the adoption process of blockchain. Right from the evaluation of the blockchain platform through to developing a strong strategy on blockchain, their team leads businesses in making informative decisions to maximize the worth of blockchain technology.

Blockchain Implementation

This creates new efficiency levels in operations and inspires innovation; Blockchain App Maker Texas enables businesses to integrate blockchain technology with the already established infrastructure with complete ease, for this purpose. This has actually led to the emergence of a level of far better transparency, security, and integrity in the data. But above all, cost reduction with smoother processes comes into play while companies implement blockchain into the workflow of operations.

DeFi Development

DeFi or decentralized finance has been transforming the face of financial services, which are open, transparent, and secure for access, even to those intermediaries. One of the leading companies involved in DeFi solutions development is Blockchain App Maker Texas. Their products are issued as solutions in decentralized exchanges, lending platforms, and liquidity pools. The company's team designs safe, user-friendly, and innovative DeFi solutions for businesses to tap into the growing DeFi market.

The Growing Need for Blockchain: Why Businesses in Texas Should Care

Blockchain technology is changing the game as modern businesses look to be up-to-date in this superfast market. Benefits no traditional system can offer have caught businesses in various sectors taking on this blockchain tool for the core requirements of transparency, security, and decentralization in the operations.

1. Better Security and Trust

Blockchain technology is inherently secure because of its decentralized and immutable nature. The distributed ledger is used in recording every transaction, thus no person or entity can manipulate the information. This provides a platform of transparency for parties engaged and helps businesses in reducing fraudulent cases and cyberattacks by such sectors like finance, health, and supply chain management.

2. Decentralization to Achieve Efficiency

It does not require any intermediaries because of its decentralised nature. This decentralisation lowers the cost, accelerates the transaction, and improves the operational efficiency. Blockchain App Maker Texas helps businesses to benefit from this power of decentralisation. It enables them to develop more efficient and cost-effective systems.

3. Transparent and Immutable Record Keeping

The fact that blockchain's distributed ledger makes each transaction transparently un-modifiable has been highly valued by various industries and organizations in terms of huge accountabilities. Such as medicine, finance, and supply chain management. Those businesses which employ blockchain enable them to improve record keeping with it being safety and tamper-proof in any means possible.

4 Empowerment of the future finance with DeFi

The most interesting thing happening in the blockchain world is DeFi or decentralized finance. Open, transparent, and secure financial services, without traditional intermediaries like banks, are offered by DeFi platforms. Businesses can use Blockchain App Maker Texas to create and implement DeFi solutions for riding on the growing DeFi ecosystem.

5. Blockchain for Digital Assets and NFTs

Blockchain technology, in fact, is revolutionizing the world of digital assets. Some of the most recent, high-profile applications of NFTs were in the tokenization of digital art and collectibles and even in real-world assets. Blockchain App Maker Texas is allowing businesses to tap into this emerging market through the provision of NFT development services that allow companies to create and monetize unique digital assets.

The Future of Blockchain in Texas and Beyond

The demand for blockchain technology will only increase over the next few years. As industries explore their possibilities with blockchain, the more it will determine business models and help improve efficiency with new opportunities. Blockchain App Maker Texas is ready to take businesses into this future with cutting-edge blockchain solutions built to scale and adapt to a shifting digital landscape.

Conclusion: Blockchain App Maker Texas for Your Blockchain Ride

Blockchain App Maker Texas is your partner in blockchain application development and will offer unique tailored solutions that will bring any business to life inside a decentralized economy. Build the best custom blockchain for platform creation, develop complex smart contracts, or be looking at decentralized applications or even NFTs-simply, Blockchain App Maker Texas knows and can do whatever. With the future of business dependent on blockchain technology, it's time to take a step into the possibilities of its implementation and position your business for tomorrow's world.

[mudwerks]

(via Trump meme coin unsettles some blockchain leaders)

Others are more circumspect. "[The President] creating a bunch of meme coins and DeFi protocols opens the possibility to rampant violations of the emoluments clause," Nic Carter, an investor in the space and fan of the new president said on X.

When the Trump Organization endorsed decentralized-finance project World Liberty Financial back in August, Carter criticized that, too.

Echoing Carter, long-time crypto lawyer, Hailey Lennon, wrote on X, "I don't think Trump knows or cares what the ramifications of his meme coins are besides his short term personal profit."

And Lee Bratcher of the Texas Blockchain Council put out a statement this weekend saying, "in my subjective opinion it isn't" a healthy development.

Bitcoin Magazine was more succinct, denigrating the Trump token offering on X. That's despite the fact that its parent company enthusiastically welcomed the then-presidential candidate to Nashville for Bitcoin 2024.

[mariacallous]

In the old ranchlands of South Texas, dormant uranium mines are coming back online. A collection of new ones hope to start production soon, extracting radioactive fuel from the region’s shallow aquifers. Many more may follow.

These mines are the leading edge of what government and industry leaders in Texas hope will be a nuclear renaissance, as America’s latent nuclear sector begins to stir again.

Texas is currently developing a host of high-tech industries that require enormous amounts of electricity, from cryptocurrency mines and artificial intelligence to hydrogen production and seawater desalination. Now, powerful interests in the state are pushing to power it with next-generation nuclear reactors.

“We can make Texas the nuclear capital of the world,” said Reed Clay, president of the Texas Nuclear Alliance, former chief operating officer for Texas governor Greg Abbott’s office and former senior counsel to the Texas Office of the Attorney General. “There’s a huge opportunity.”

Clay owns a lobbying firm with heavyweight clients that include SpaceX, Dow Chemical, and the Texas Blockchain Council, among many others. He launched the Texas Nuclear Alliance in 2022 and formed the Texas Nuclear Caucus during the 2023 state legislative session to advance bills supportive of the nuclear industry.

The efforts come amid a national resurgence of interest in nuclear power, which can provide large amounts of energy without the carbon emissions that warm the planet. And it can do so with reliable consistency that wind and solar power generation lack. But it carries a small risk of catastrophic failure and requires uranium from mines that can threaten rural aquifers.

In South Texas, groundwater management officials have fought for almost 15 years against a planned uranium mine. Administrative law judges have ruled in their favor twice, finding potential for groundwater contamination. But in both cases those judges were overruled by the state’s main environmental regulator, the Texas Commission on Environmental Quality.

Now local leaders fear mining at the site appears poised to begin soon as momentum gathers behind America’s nuclear resurgence.

In October, Google announced the purchase of six small nuclear reactors to power its data centers by 2035. Amazon did the same shortly thereafter, and Microsoft has said it will pay to restart the Three Mile Island plant in Pennsylvania to power its facilities. Last month, President Joe Biden announced a goal to triple US nuclear capacity by 2050. American companies are racing to license and manufacture new models of nuclear reactors.

“It’s kind of an unprecedented time in nuclear,” said James Walker, a nuclear physicist and cofounder of New York-based NANO Nuclear Energy, a startup developing small-scale “microreactors” for commercial deployment around 2031.

The industry’s reemergence stems from two main causes, he said: towering tech industry energy demands and the war in Ukraine.

Previously, the US relied on enriched uranium from decommissioned Russian weapons to fuel its existing power plants and military vessels. When war interrupted that supply in 2022, American authorities urgently began to rekindle domestic uranium mining and enrichment.

“The Department of Energy at the moment is trying to build back a lot of the infrastructure that atrophied,” Walker said. “A lot of those uranium deposits in Texas have become very economical, which means a lot of investment will go back into those sites.”

In May, the White House created a working group to develop guidelines for deployment of new nuclear power projects. In June, the Department of Energy announced $900 million in funding for small, next-generation reactors. And in September it announced a $1.5 billion loan to restart a nuclear power plant in Michigan, which it called “a first-of-a-kind effort.”

“There’s an urgent desire to find zero-carbon energy sources that aren’t intermittent like renewables,” said Colin Leyden, Texas state director of the Environmental Defense Fund. “There aren’t a lot of options, and nuclear is one.”

Wind and solar will remain the cheapest energy sources, Leyden said, and a build-out of nuclear power would likely accelerate the retirement of coal plants.

The US hasn’t built a nuclear reactor in 30 years, spooked by a handful of disasters. In contrast, China has grown its nuclear power generation capacity almost 900 percent in the last 20 years, according to the World Nuclear Association, and currently has 30 reactors under construction.

Last year, Abbott ordered the state’s Public Utility Commission to produce a report “outlining how Texas will become the national leader in using advanced nuclear energy.” According to the report, which was issued in November, new nuclear reactors would most likely be built in ports and industrial complexes to power large industrial operations and enable further expansion.

“The Ports and their associated industries, like Liquified Natural Gas (LNG), carbon capture facilities, hydrogen facilities and cruise terminals, need additional generation sources,” the report said. Advanced nuclear reactors “offer Texas’ Ports a unique opportunity to enable continued growth.”

In the Permian Basin, the report said, reactors could power oil production as well as purification of oilfield wastewater “for useful purposes.” Or they could power clusters of data centers in Central and North Texas.

Already, Dow Chemical has announced plans to install four small reactors at its Seadrift plastics and chemical plant on a rural stretch of the middle Texas coast, which it calls the first grid-scale nuclear reactor for an industrial site in North America.

“I think the vast majority of these nuclear power plants are going to be for things like industrial use,” said Cyrus Reed, a longtime environmental lobbyist in the Texas Capitol and conservation director for the state’s Sierra Club chapter. “A lot of large industries have corporate goals of being low carbon or no carbon, so this could fill in a niche for them.”

The PUC report made seven recommendations for the creation of public entities, programs, and funds to support the development of a Texas nuclear industry. During next year’s state legislative session, legislators in the Nuclear Caucus will seek to make them law.

“It’s going to be a great opportunity for energy investment in Texas,” said Stephen Perkins, Texas-based chief operating officer of the American Conservation Coalition, a conservative environmental policy group. “We’re really going to be pushing hard for [state legislators] to take that seriously.”

However, Texas won’t likely see its first new commercial reactor come online for at least five years. Before a build-out of power plants, there will be a boom at the uranium mines, as the US seeks to reestablish domestic production and enrichment of uranium for nuclear fuel.

Texas Uranium

Ted Long, a former commissioner of Goliad County, can see the power lines of an inactive uranium mine from his porch on an old family ranch in the rolling golden savannah of South Texas. For years the mine has been idle, waiting for depressed uranium markets to pick up.

There, an international mining company called Uranium Energy Corp. plans to mine 420 acres of the Evangeline Aquifer between depths of 45 and 404 feet, according to permitting documents. Long, a dealer of engine lubricants, gets his water from a well 120 feet deep that was drilled in 1993. He lives with his wife on property that’s been in her family since her great-grandfather emigrated from Germany.

“I’m worried for groundwater on this whole Gulf Coast,” Long said. “This isn’t the only place they’re wanting to do this.”

As a public official, Long fought the neighboring mine for years. But he found the process of engaging with Texas’ environmental regulator, the Texas Commission on Environmental Quality, to be time-consuming, expensive, and ultimately fruitless. Eventually, he concluded there was no point.

“There’s nothing I can do,” he said. “I guess I’ll have to look for some kind of system to clean the water up.”

The Goliad mine is the smallest of five sites in South Texas held by UEC, which is based in Corpus Christi. Another company, enCore Energy, started uranium production at two South Texas sites in 2023 and 2024, and hopes to bring four more online by 2027.

Uranium mining goes back decades in South Texas, but lately it’s been dormant. Between the 1970s and 1990s, a cluster of open pit mines harvested shallow uranium deposits at the surface. Many of those sites left a legacy of aquifer pollution.

TCEQ records show active cases of groundwater contaminated with uranium, radium, arsenic, and other pollutants from defunct uranium mines and tailing impoundment sites in Live Oak County at ExxonMobil’s Ray Point site, in Karnes County at Conoco-Phillips’ Conquista Project, and at Rio Grande Resources’ Panna Maria Uranium Recovery Facility.

All known shallow deposits of uranium in Texas have been mined. The deeper deposits aren’t accessed by traditional surface mining, but rather a process called in-situ mining, in which solvents are pumped underground into uranium-bearing aquifer formations. Adjacent wells suck back up the resulting slurry, from which uranium dust will be extracted.

Industry describes in-situ mining as safer and more environmentally friendly than surface mining. But some South Texas water managers and landowners are concerned.

”We’re talking about mining at the same elevation as people get their groundwater,” said Terrell Graham, a board member of the Goliad County Groundwater Conservation District, which has been fighting a proposed uranium mine for almost 15 years. “There isn’t another source of water for these residents.”

“It Was Rigged, a Setup”

On two occasions, the district has participated in lengthy hearings and won favorable rulings in Texas’ administrative courts supporting concerns over the safety of the permits. But both times, political appointees at the TCEQ rejected judges’ recommendations and issued the permits anyway.

“We’ve won two administrative proceedings,” Graham said. “It’s very expensive, and to have the TCEQ commissioners just overturn the decision seems nonsensical.”

The first time was in 2010. UEC was seeking initial permits for the Goliad mine, and the groundwater conservation district filed a technical challenge claiming that permits risked contamination of nearby aquifers.

The district hired lawyers and geological experts for a three-day hearing on the permit in Austin. Afterwards, an administrative law judge agreed with some of the district’s concerns. In a 147-page opinion issued in September 2010, an administrative law judge recommended further geological testing to determine whether certain underground faults could transmit fluids from the mining site into nearby drinking water sources.

“If the Commission determines that such remand is not feasible or desirable then the ALJ recommends that the Mine Application and the PAA-1 Application be denied,” the opinion said.

But the commissioners declined the judge’s recommendation. In an order issued March 2011, they determined that the proposed permits “impose terms and conditions reasonably necessary to protect fresh water from pollution.”

“The Commission determines that no remand is necessary,” the order said.

The TCEQ issued UEC’s permits, valid for 10 years. But by that time, a collapse in uranium prices had brought the sector to a standstill, so mining never commenced.

In 2021, the permits came up for renewal, and locals filed challenges again. But again, the same thing happened.

A nearby landowner named David Michaelsen organized a group of neighbors to hire a lawyer and challenge UEC’s permit to inject the radioactive waste product from its mine more than half a mile underground for permanent disposal.

“It’s not like I’m against industry or anything, but I don’t think this is a very safe spot,” said Michaelsen, former chief engineer at the Port of Corpus Christi, a heavy industrial hub on the South Texas Coast. He bought his 56 acres in Goliad County in 2018 to build an upscale ranch house and retire with his wife.

In hearings before an administrative law judge, he presented evidence showing that nearby faults and old oil well shafts posed a risk for the injected waste to travel into potable groundwater layers near the surface.

In a 103-page opinion issued April 2024, an administrative law judge agreed with many of Michaelsen’s challenges, including that “site-specific evidence here shows the potential for fluid movement from the injection zone.”

“The draft permit does not comply with applicable statutory and regulatory requirements,” wrote the administrative law judge, Katerina DeAngelo, a former assistant attorney general of Texas in the environmental protection division. She recommended “closer inspection of the local geology, more precise calculations of the [cone of influence], and a better assessment of the faults.”

Michaelsen thought he had won. But when the TCEQ commissioners took up the question several months later, again they rejected all of the judge’s findings.

In a 19-page order issued in September, the commission concluded that “faults within 2.5 miles of its proposed disposal wells are not sufficiently transmissive or vertically extensive to allow migration of hazardous constituents out of the injection zone.” The old nearby oil wells, the commission found, “are likely adequately plugged and will not provide a pathway for fluid movement.”

“UEC demonstrated the proposed disposal wells will prevent movement of fluids that would result in pollution” of an underground source of drinking water, said the order granting the injection disposal permits.

“I felt like it was rigged, a setup,” said Michaelsen, holding his 4-inch-thick binder of research and records from the case. “It was a canned decision.”

Another set of permit renewals remains before the Goliad mine can begin operation, and local authorities are fighting it too. In August, the Goliad County Commissioners Court passed a resolution against uranium mining in the county. The groundwater district is seeking to challenge the permits again in administrative court. And in November, the district sued TCEQ in Travis County District Court seeking to reverse the agency’s permit approvals.

Because of the lawsuit, a TCEQ spokesperson declined to answer questions about the Goliad County mine site, saying the agency doesn’t comment on pending litigation.

A final set of permits remains to be renewed before the mine can begin production. However, after years of frustrations, district leaders aren’t optimistic about their ability to influence the decision.

Only about 40 residences immediately surround the site of the Goliad mine, according to Art Dohmann, vice president of the Goliad County Groundwater Conservation District. Only they might be affected in the near term. But Dohmann, who has served on the groundwater district board for 23 years, worries that the uranium, radium, and arsenic churned up in the mining process will drift from the site as years go by.

“The groundwater moves. It’s a slow rate, but once that arsenic is liberated, it’s there forever,” Dohmann said. “In a generation, it’s going to affect the downstream areas.”

UEC did not respond to a request for comment.

Currently, the TCEQ is evaluating possibilities for expanding and incentivizing further uranium production in Texas. It’s following instruction given last year, when lawmakers with the Nuclear Caucus added an item to TCEQ’s biannual budget ordering a study of uranium resources to be produced for state lawmakers by December 2024, ahead of next year’s legislative session.

According to the budget item, “The report must include recommendations for legislative or regulatory changes and potential economic incentive programs to support the uranium mining industry in this state.”

[leprivatebanker]

Blockchain Company HIVE Digital Plans Texas Relocation & US GAAP Shift - What's On The Cards?

[cavenewstimes]

This Bitcoin Miner from Wall Street Trades Canadian Roots for Texas Territory

The publicly listed Bitcoin (BTC) miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Tuesday) its strategic decision to relocate its headquarters from Vancouver, Canada to San Antonio, Texas, marking a shift in the company’s operational focus toward the U.S. market.HIVE Digital Technologies Shifts Headquarters to TexasThe blockchain infrastructure company’s move…

[makebravemind]

Stephen McCullah: Unveiling the Scams

Stephen McCullah is a hobbyist zoologist from Beaumont, Texas. He is a well-known con artist who runs something akin to a Ponzi scheme. During a mission in the Democratic Republic of the Congo, he failed to find and raise a real dinosaur and an arachnid the size of a dog.

He was also charged with embezzlement from a GoFundMe campaign that raised $29,000. This is only the start of a scam. He is once again struck by the Avenger of Crypto Ponzi Schemes.

According to Stephen McCullah, after ten years, he had founded and was the President of the United Allied States (UAS). Out of the three people who cast ballots for the presidency, only two chose him.

Stephen McCullah pledges to create an atmosphere in which many nations can run their businesses and grow their economies. In this setting, a variety of niche media platforms will be accessible, including Facebook, YouTube TikTok, Twitter, and YouTube.

The main components of the system will be many social media platforms and gold-guaranteed money. Stephan McCullah is going to run a tourism attraction where guests will be able to see real testing machines, see real stuff explode, and go into real coal mines. The allegations made in the reports including fraud, deceit, fake cryptocurrency schemes, and frequent releases are unfounded. 

Danny De Hek claimed in assertions based on The Crypto Ponzi Scheme Avenger that news reports posted on Meta or Facebook, were viewed by people worldwide. The Meta Verse has let go of around 11,000 employees due to a lack of excitement. It alluded to still more amazing possibilities.

Danny De Hek says he looked into Glod Secured, Apollo Currency, Apollo Fintech, LunaOne, Hyper Technologies, Stratus, Gold Inc., and a lot of other companies involved in Ponzi schemes.

Mr. Hek, the Avenger of Ponzi Schemes, added that starting over to build a data archive will stop Stephen McCullah from making money off of people who don’t finish the required research.

The Lies of Stephen McCullah

Claiming that Apollo barely contains any remaining NXT code, Stephen McCullah has been lying for many years. It has been established by the court action that Apollo wrote up to 75% of the NXT code.

In addition, Stephen McCullah was misled about having a contract with CBZ. In response, the company’s chairman, Marc, issued a statement claiming that no agreement had been reached with Stephen McCullah.

Additionally, Stephen McCullah misrepresented to his investors that Apollo will be listed on the top 20 exchanges in 2019.

The dishonest person Stephen McCullah also made up information regarding Gold Inc. He stated that he and his friend Kyle were contacted by a gaming company asking if they could utilize Apollo’s blockchain for their games. The game organization declared that they would not give them any support after this information became public.

To Take Stephen McCullah’s Videos Down from the Social Media Site

The letter was filed against YouTube Channels by Harman Lawyers. An official letter has been received by Harman Attorneys stating that,

To serve as an official response to the cease-and-desist request in the communication. It contained three crucial elements:

The owners of the YouTube channel state that they have no intention of removing any content that mentions Apollo Inc., LunaOne, or Stephen McCullah.

It has been declared by Danny De Hek that he would not be posting any apologetic comments on his YouTube channel.

It states that they will not pay back the legal bills for Stephen McCullah.

Consequently, YouTube channels declared that they would be willing to remove the videos as long as Stephen McCullah paid back the money he had taken from the victims. 

Names and Amount that has been invested 

Martin 10,000 euro 

Tracy P $18,700

Ann B $5289.50

Susan A $75,000

Vinka C $7500 

John A $921.90

Martin T $17,504

Brian B $5000

Dean S $6000

Rebecca R $1200

Amanda K $4850 and many more. 

The YouTubers claim that because none of the associated financial losses have been made good, they are taking legal action against them. Along with any other people who might have suffered financial loss or obligations, it also includes all investment businesses for refunds, such as Apollo Currency, Apollo Fintech, Gold Secured Currency, LunaOne, and Hyper Technologies.

The letter claims that LunaOne’s owner, Stephen McCullah, promoted early coin sales, enabling many people to purchase the company’s tokens before they were listed on a trading platform. On the specified day, Stephen McCullah did, in fact, barely offer a coin for sale.

According to the preview value, Stephen McCullah would launch several coins at a $0.25 exchange rate as opposed to a $0.05 one. They therefore have some recordings and remarks from those who say they were tricked.

Numerous issues are reportedly up for testimony at the New Zealand High Court in order to file accusations of serious deceit against Stephen McCullah & LunaOne.

Stephen McCullah’s Assessment of Investors

Robert McCullah, Stephen McCullah’s father, received a letter from Martin Kingsbury alerting him of his son’s deceit.

Mr. Marting claimed he had to cheer him up about his son Stephen McCullah, the scammer, who embodies one of the worst lifeforms on Earth. Mr. Martin asserted that he was the innocent victim of blatant lies and deceptions committed by Stephen McCullah Hyper Technologies Inc., trading as LunaOne XLN currency.

I, along with numerous other investors, have invested in Stephen McCullah’s fraudulent activity, and I am pursuing legal action to inquire further. Mr. Martin went on to say that he had repeatedly sent information about the scam to LunaOne but had received no response at all.

Views from Customers Regarding Stephen McCullah Scam Video

A video titled “Stephen McCullah’s Crypto Frauds, Rug Pulls, and Fraudulent Investors” was posted by YouTuber Danny De Hek. Many customers watched the movies and left comments on them.

The investor claims that XLM is a huge hoax, and its early sales screwed him over.

The investor claims that after investing about $35,000 in LunaOne, he was tricked.

In response to the investor’s comments, Danny De Hek sent the group a link to his Telegram account, APLtehTruth, so they could see the scammer’s pitiful attempts to avoid going to court. 

Numerous Investors React to Apollo Currency P&D & Fraud Allegations Made by Stephen McCullah

The investor who put money into Stephen McCullah’s company claimed that many people would learn about the entire scam if the essay titled “Pump and Dump Accusation” was posted online. It is composed of the blockchain, which has tens of millions of tokens that have been moved from banks and can be exchanged for trillions of APL. The price decreased by 78% in a minute.

Steve McCullah addressed the issue in the post, and I would want to bring him up here:

As previously stated and according to Stephen McCullah, there is no reason for anyone connected to the Apollo Foundation to list their shares on any exchange because we frequently receive OTC bids from buyers who purchase amounts that are too large for platforms.

The most noteworthy fact of the moment is when an investor calls Stephen McCullah a liar while omitting any good remarks about him.

Apollo’s founder is a liar!

About Stephen McCullah 

Stephen McCullah is a well-known businessman from Houston, Texas, who has worked in the banking, software, and metals manufacturing industries.

The accusations state that APL is a massive scam that has made Stephen McCullah rich and that he is a con man. CryptoSlate looks into these claims and finds evidence of dishonesty, allegations of sabotage, and an odd trip to the heart of the Democratic Republic of the Congo.

The Bottom Line

Con man Stephen McCullah has made a fortune by robbing people of their money and never giving it back. The proof exposed LunaOne’s illicit activities and backed Mr. Stephen’s schemes, according to Danny De Hek’s film.

He also brought up Stephen McCullah’s preorder offering, which encouraged customers to buy LunaOne currencies ahead of time before they were listed on a trading platform.

Accounts indicate that historical details and information on Stephen McCullah are accurate. Numerous cryptocurrency businesses, including as Apollo Currency, Apollo Fintech, Gold Secured Currency, Luna One, Hyper Technologies, Stratus, and Gold Inc., were formed by or connected to Stephen McCullah. McCullah seems to have a significant impact on the technology industry.

Even worse, it was discovered that Stephen McCullah may have used the trading site to purchase coins at a lower cost and then handed them to the first customers who made larger purchases. His deceitful behavior reinforced the accusations of fraud made against him.

[blockinsider]

Bitcoin Price Rise Fuels $3.4M Revenue Boost for Argo Blockchain

Key Points

London-based Bitcoin mining firm Argo Blockchain PLC reported a significant rise in revenue for November despite a decrease in Bitcoin production.

The company’s resilience in the volatile crypto market is attributed to higher hash prices and a rise in Bitcoin prices.

Argo Blockchain PLC, a Bitcoin mining firm based in London, recorded a substantial increase in revenue in November, despite a decrease in Bitcoin production during the same period.

The firm has been dealing with financial difficulties but has shown resilience in the unpredictable cryptocurrency market. This growth was driven by higher hash prices and an increase in Bitcoin prices. Notably, Argo’s ability to flourish despite its challenges underscores its adaptability.

Argo Blockchain’s Earnings Growth Amid Output Challenges

The November production report for Argo Blockchain shows that it mined 39 BTC, a decrease from the 46 BTC produced in October. The company’s daily mining output also dropped from 1.5 BTC per day in October to 1.3 BTC per day in November. At the time of writing, the coin was trading for $96,007, up 1.26% in 24 hours.

This decline is indicative of a larger trend in the Bitcoin mining ecosystem, where fluctuations in BTC’s network difficulty affect output per machine. These changes directly impact mining profitability. Despite mining fewer Bitcoins, Argo’s revenue increased by 13.3% from October, reaching $3.4 million.

Marathon Digital Holdings has strategically addressed energy efficiency and reduced operational costs in response to similar challenges. The company recently acquired a 114-megawatt wind farm in Hansford County, North Texas, to power its mining operations. This acquisition is part of the company’s strategy to secure sustainable energy for its operations.

Argo attributed its revenue increase to higher hash prices and the rise in Bitcoin’s market value, which saw an uptick in November compared to October. This market shift significantly contributed to the overall growth.

The November update follows a rough third quarter for Argo, marked by a 28% decline in year-over-year revenue. The firm reported only $7.5 million in revenue for Q3 2024, compared to $10.4 million during the same period in 2023.

This decline can be partly attributed to the lack of power credits that had previously boosted Argo’s profitability. Mining margins fell from 58% to a mere 8% as operational costs and market challenges took their toll.

However, Argo’s net loss improved from $9.9 million in Q3 2023 to $6.3 million this year, signaling a potential recovery.

Market Reactions and Future Prospects

Following the release of the November update, Argo’s stock saw a 3.27% dip in pre-market trading, according to Nasdaq data. The shares are now valued at $0.79.

This reflects investor uncertainty despite increased revenue. Notably, the volatility of the Bitcoin market is a challenge for mining companies like Argo. Revenue gains and production drops can create mixed signals for shareholders.

However, Argo’s November revenue surge amid lower output reflects its potential strength in navigating market challenges.

Notably, the Bitcoin mining firm has maintained resilience amid uncertainty. Moving forward, the company’s success will depend on how effectively it adapts to fluctuating Bitcoin prices.

It must also navigate the evolving mining economics in an increasingly competitive industry.

[truthblockchain]

Bitcoin Miner Raises 4.2M In Share Placement

The fresh capital will support multiple strategic initiatives, including the potential relocation or divestment of mining equipment from its Helios facility in Texas while maintaining Bitcoin mining operations in Quebec. The funds will also advance the company's planned expansion into high-performance computing (HPC).

https://www.financemagnates.com/cryptocurrency/bitcoin-miner-argo-blockchain-secures-42m-lifeline-as-mining-margins-shrink/amp/

[impact-newswire]

Exceed Geo Energy Adopts B4ECarbon to Transform Environmental Claims Management and Unlock Carbon Monetization

October 22, 2024 – HOUSTON – Blockchain for Energy (B4E) is excited to announce that Exceed Geo Energy has adopted the groundbreaking B4ECarbon platform, as part of a strategic power purchase agreement with a major Texas utility company. By embracing B4ECarbon technology, Exceed Geo Energy is revolutionizing how it manages carbon-negative geothermal power generation, while setting a new standard…

[crystalavigma]

Mobile Application Development Company in Austin: Excellence in App Solutions

In today's fast-paced digital landscape, mobile applications have become an integral part of business growth and customer engagement. As more businesses seek to expand their online presence and streamline operations, mobile app development has become a key priority. Austin, Texas, renowned for its vibrant tech ecosystem, is home to several leading mobile application development companies, and Avigma Tech LLC stands out as a top contender, delivering excellence in app solutions, Top mobile app development company in Austin.

Why Austin for Mobile App Development?

Austin has earned a reputation as a tech hub, attracting talent from across the nation and fostering a culture of innovation. The city provides the perfect environment for cutting-edge startups and established enterprises alike to thrive. Mobile application development companies based in Austin leverage the city's deep talent pool, forward-thinking mentality, and collaborative tech scene to deliver some of the most innovative and robust mobile applications in the industry, Mobile app development company in Austin.

Avigma Tech LLC: Leading the Way

When it comes to mobile app development, Avigma Tech LLC has set itself apart through its relentless pursuit of quality, creativity, and customer satisfaction. Established as a premier mobile application development company, Avigma Tech LLC boasts an impressive portfolio of custom apps tailored to the specific needs of businesses, regardless of size or industry.

What sets Avigma Tech LLC apart from competitors in Austin is their comprehensive approach to app development, offering end-to-end solutions that include ideation, design, development, deployment, and ongoing support. Their expertise in multiple platforms such as iOS, Android, and cross-platform frameworks allows them to craft solutions that are both user-centric and highly functional, Best mobile application development company in Austin.

Key Services Offered by Avigma Tech LLC

Avigma Tech LLC offers a wide array of services designed to cover every aspect of mobile application development:

Custom Mobile App Development: Avigma Tech LLC specializes in creating tailored mobile apps that align with clients’ business goals, ensuring a unique and engaging experience for end-users.

UI/UX Design: Understanding the importance of user interface and experience, the team at Avigma Tech LLC prioritizes designs that are intuitive, aesthetically pleasing, and functional.

Cross-Platform App Development: Leveraging technologies such as Flutter and React Native, Avigma Tech LLC builds apps that function seamlessly across multiple platforms, reducing time-to-market and cost.

Mobile App Testing and QA: Quality assurance is a cornerstone of Avigma Tech LLC’s approach, ensuring that every app is thoroughly tested for performance, functionality, and security before launch.

Maintenance and Support: Avigma Tech LLC provides ongoing support and maintenance services, ensuring that apps remain updated, secure, and free of bugs post-launch.

Excellence in Innovation and Technology

Avigma Tech LLC's success lies in their deep understanding of the latest technologies, from AI integration to blockchain and IoT. The company continuously adapts to emerging trends, offering clients future-proof solutions that can evolve as their business needs change. Whether it's integrating advanced features like machine learning algorithms for personalized user experiences or implementing augmented reality (AR) for interactive apps, Avigma Tech LLC remains ahead of the curve, Mobile application development company in Austin.

Their commitment to technological advancement ensures that they remain leaders in a competitive market, capable of delivering apps that meet the modern demands of users and businesses alike.

Client-Centric Approach

At the heart of Avigma Tech LLC’s success is its unwavering commitment to clients. The company prides itself on building strong relationships with its customers, working closely with them throughout the development process to ensure that the final product aligns perfectly with their vision. This client-centric approach has led to a high rate of customer satisfaction and repeat business, Top mobile application development company in Austin.

Moreover, Avigma Tech LLC understands the importance of timely delivery and budget management, offering transparent pricing models and efficient project management to ensure that projects are completed on time and within scope.

Conclusion: Avigma Tech LLC - A Leader in App Development

As businesses continue to look for new ways to connect with their audiences through mobile technology, companies like Avigma Tech LLC play a vital role in shaping the future of digital interaction. With its headquarters in Austin, Avigma Tech LLC has leveraged the city’s innovative culture and tech ecosystem to build a reputation for excellence in mobile application development.

For businesses seeking top-tier mobile app solutions that combine creativity, technology, and customer satisfaction, Avigma Tech LLC is a name that stands out in Austin's competitive market. The company’s track record of success, coupled with their forward-thinking approach to development, ensures that they will remain at the forefront of app innovation for years to come, Website development company in Austin.

[businesswomenaustralia]

Exploring the World of Poker Mobile App, Slot Game Development, and Web 3 Game Developers

The gaming industry has seen rapid technological advancements in recent years, with new trends and developments shaping the future of online gaming. Some of the most notable innovations include poker mobile app, slot game development, mobile game development, and Web 3 game development. These trends, combined with the rise of gaming development companies, are transforming the landscape and enhancing user experiences. Let’s dive deeper into each of these areas.

Poker Mobile App: Revolutionizing Online Card Games

Poker mobile apps have changed the way players engage with the classic card game. In the past, poker enthusiasts had to visit physical casinos or play on desktop platforms. However, with the rise of mobile technology, poker apps have made it easier for players to access games on-the-go, anytime, anywhere.

These apps provide a range of features such as user-friendly interfaces, secure payment systems, and access to various poker variants like Texas Hold’em, Omaha, and more. Developers also integrate real-time multiplayer features, allowing users to compete against players worldwide. Advanced algorithms ensure fair play, while AI-driven tools assist in gameplay improvement.

The appeal of poker mobile apps lies in their convenience, accessibility, and the social aspect they offer, where users can join online tournaments or even host private games with friends.

Slot Game Development: From Casinos to Mobile Devices

Slot games have long been a staple in the gambling industry, and their digital transition to mobile devices has further boosted their popularity. Slot game development focuses on creating engaging, visually stimulating games with a variety of themes, features, and reward systems to captivate players.

Developers focus on optimizing the game’s performance to ensure smooth gameplay on different devices. They utilize high-quality graphics, sound effects, and animations to create an immersive gaming experience. Moreover, the development of bonus systems like free spins, wild symbols, and progressive jackpots is crucial in maintaining user interest.

Customization is also a significant factor in slot game development. Developers often create different versions of the same slot game to suit various markets, adjusting factors like themes and payout structures. With the rise of in-app purchases and microtransactions, slot games continue to generate substantial revenue for both developers and gaming companies.

Mobile Game Development: The Future of Gaming

Mobile game development has grown exponentially, with more people than ever using smartphones and tablets as their primary gaming platforms. The mobile gaming sector covers a wide range of genres, including strategy, puzzle, action, and role-playing games, catering to all types of gamers.

Mobile game developers need to consider various factors, including user experience, interface design, and monetization strategies. The use of advanced technologies such as augmented reality (AR) and virtual reality (VR) is becoming increasingly popular in mobile gaming, providing users with more immersive experiences.

In terms of business models, free-to-play games with in-app purchases dominate the mobile gaming landscape, as they attract a larger audience while still generating significant revenue.

Web 3 Game Developer: Redefining Gaming with Blockchain

Web 3 game developers are at the forefront of the next generation of gaming, which leverages blockchain technology to create decentralized gaming platforms. This new paradigm offers players more control over in-game assets and economies.

One of the most exciting aspects of Web 3 gaming is the use of non-fungible tokens (NFTs), which allow players to own, trade, and sell digital items within games. This fosters a unique economy where virtual assets can hold real-world value. Additionally, the play-to-earn (P2E) model is gaining traction, as players are rewarded with cryptocurrency for their participation and achievements in games.

Security and transparency are two key advantages of blockchain-based games, as all transactions and game events are recorded on a public ledger, ensuring fairness and reducing the risk of fraud.

Gaming Development Companies: The Backbone of Innovation

Gaming development companies play a crucial role in the evolution of the gaming industry. These companies are responsible for creating, designing, and maintaining various gaming platforms and experiences. Whether it’s a poker mobile app, a slot game, or a blockchain-based Web 3 game, gaming development companies employ talented teams of developers, designers, and strategists to bring these concepts to life.

Many companies are now focusing on cross-platform compatibility, ensuring that games work seamlessly across mobile, desktop, and console platforms. Additionally, they must stay updated on the latest trends and technologies, such as AI, AR, VR, and blockchain, to deliver cutting-edge experiences.

Conclusion

The gaming industry is undergoing rapid transformation, driven by the advancements in mobile technology and blockchain. Poker mobile apps and slot game development have made classic games more accessible, while mobile game development continues to push boundaries with new innovations. Web 3 game developers are set to redefine gaming with decentralized platforms, offering players unprecedented control over their in-game experiences. Gaming development companies are essential in bringing these innovations to life, ensuring the industry continues to thrive in the years to come.

For more info — Gaming Development Company

[coineagle]

Consensys Stands Defiant as SEC Lawsuit Gets Thrown Out by Judge

Key Points

A Texas federal judge dismisses Consensys’ lawsuit against the SEC, citing lack of final agency action.

Despite the setback, Consensys remains committed to challenging the SEC’s regulatory stance on Ethereum and blockchain developers.

A lawsuit filed by blockchain firm Consensys against the U.S. Securities and Exchange Commission (SEC) has been dismissed by a federal judge in Texas.

The lawsuit, which also named several SEC commissioners, including Chairman Gary Gensler, was filed back in April.

Understanding the Lawsuit

Consensys accused the SEC of trying to control the cryptocurrency market through aggressive enforcement actions.

The firm argued that the SEC’s actions, such as classifying Ethereum (ETH) as a security, contradicted previous statements.

The company pointed to regulatory precedents from 2018, which stated that ETH was not a security.

Consensys also claimed that the SEC had started an investigation into Ethereum, indicating its intention to regulate the asset.

The SEC issuing a Wells notice about MetaMask’s swap and staking features was also highlighted by the firm as a sign of a possible change in regulatory approach.

Why was the Lawsuit Dismissed?

On September 19, Judge Reed O’Connor dismissed Consensys’ allegations regarding MetaMask, stating that enforcement actions are not considered final agency actions.

He further noted that the Wells notice issued by the SEC does not signify the end of the agency’s decision-making process or outline the legal rights or obligations of the plaintiff.

He stressed that it does not impose any legal consequences on Consensys.

Furthermore, O’Connor dismissed Consensys’ claims about the SEC’s investigation into Ethereum.

He referred to the claims as “moot” after the company disclosed in July that the SEC had ended its probe following the approval of Ether exchange-traded funds (ETFs) in May.

Following the ruling, Consensys expressed its disappointment, stating that the court dismissed their lawsuit on procedural grounds without looking at the merits of their claims against the SEC.

The company believes that its lawsuit exposed what they see as an overreaching investigation into Ethereum.

They had previously celebrated the SEC’s decision to drop its “Ethereum 2.0” investigation, considering it a significant victory for the industry and a recognition by the Texas court that the relief sought by the company had already been achieved.

They also noted a possible shift in Washington’s stance towards cryptocurrencies and digital assets, indicating a positive change during a critical time for U.S. politics.

The company reaffirmed its position, stating, “Consensys is resolved to keep fighting for the rights of blockchain developers in the U.S. as we contest the SEC’s action in Brooklyn.”

Therefore, it remains uncertain whether Consensys will file a motion to dismiss the case or decide to continue challenging the SEC.

[36crypto]

Texas Court Dismisses Consensys’ Lawsuit Against SEC Following Dropped Ethereum Investigation

A Texas court has dismissed the lawsuit filed by blockchain software company Consensys against the U.S. Securities and Exchange Commission (SEC). The case, initiated earlier this year, challenged the SEC’s alleged regulatory overreach and its attempts to classify Ethereum (ETH) as a security. The dismissal follows the SEC’s decision to drop its investigation into Ethereum in June 2024. The…

[companyknowledgenews]

Pitmaster Collective Dishes Up More Outstanding Restaurants - Information Global Web https://www.merchant-business.com/pitmaster-collective-dishes-up-more-outstanding-restaurants/?feed_id=202062&_unique_id=66e8cb40bbfa6 #GLOBAL - BLOGGER BLOGGER Dallas, TX, September 16, 2024 –(PR.com)– The Pitmaster Collective, the world’s best barbecue club, has announced that they have surpassed affiliations with 200 Pitmaster partners spanning America and eight international countries. Every restaurant, a privately owned establishment creating artisan barbecue and related dishes such as sides and tacos, offers club members a food discount during all business hours, along with other club perks. Join at pitmastercollective.com.“Our Pitmasters are the heartbeat of our organization,” said John Billingsley, Chairman and CEO. “They are chosen because of their commitment to crafting delicious barbecue, cooked the old-fashioned way. There’s no cost to our Pitmasters to join – you must be chosen by our team for your food and your commitment to the community.”Pitmaster Collective restaurants are currently in 22 states (Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Georgia, Florida, Hawaii, Louisiana, Maryland, Mississippi, Missouri, Nevada, North Carolina, Oklahoma, Oregon, Tennessee, Texas, South Carolina, Virginia, Wisconsin) and eight foreign countries (Canada, Greece, Japan, Lebanon, Mexico, Norway, Russia, United Kingdom.). While some restaurants have been in business for just a few years, others have been serving hungry customers for decades. (Golden Rule Barbecue in Alabama has been in business since 1891.) Pitmasters include many accomplished, award-winning chefs, including several James Beard Foundation nominees/winners, and many have been featured on The Food Network and in publications from Texas Monthly and The New York Times to Food and Wine and Bon Appetit.“We’ve seen more than 25% growth in the number of Pitmaster partners in the past few months, and we’re committed to continuing to grow the network to bring more and more passionate barbecue lovers together with the best in the business,” said Billingsley.For eight cents a day ($30 annual), the Pitmaster Collective offers an unequalled menu of exclusive benefits, including:· 10% off all food purchases at any member restaurant, every day of the year (based on restaurant hours)· Discounts on premium lifestyle brands like Turtlebox, Big Wick’s Glazes, and Roam Adventure Co. ranging from 10-30% (www.pitmastercollective.brandpartners)· In-depth Webinars and Master Classes· Fast Passes (Skip The Line)· On ‘Cue MagazineAbout JBB Advanced Technologies (www.jbbat.com)The Pitmaster Collective is a subsidiary of JBB Advanced Technologies, a Dallas-based holding company. that invests in disruptive businesses, including those in clean renewable energy, blockchain, artificial intelligence, and next-generation real estate. Through our Research and Development Division, we are developing blockchain-based solutions for today’s world, including one to integrate ever-increasing amounts of solar energy seamlessly into our electric grid for greater robustness and resiliency. The company’s renewable energy division develops and deploys clean, affordable solar energy systems to commercial concerns. The company also continues to cultivate a pipeline of acquisition and partnership opportunities in both the private and public sectors to catapult growth with a focus on technology innovation from many diverse industries. http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/pexels-photo-5430243.jpeg Dallas, TX, September 16, 2024 –(PR.com)– The Pitmaster Collective, the world’s best barbecue club, has announced that they have surpassed affiliations with 200 Pitmaster partners spanning America and eight international countries. Every restaurant, a privately owned establishment creating artisan barbecue and related dishes such as sides and tacos, offers club members a food discount

[bravecompanynews]

Pitmaster Collective Dishes Up More Outstanding Restaurants - Information Global Web - #GLOBAL https://www.merchant-business.com/pitmaster-collective-dishes-up-more-outstanding-restaurants/?feed_id=202060&_unique_id=66e8cb3f104e8 Dallas, TX, September 16, 2024 –(PR.com)– The Pitmaster Collective, the world’s best barbecue club, has announced that they have surpassed affiliations with 200 Pitmaster partners spanning America and eight international countries. Every restaurant, a privately owned establishment creating artisan barbecue and related dishes such as sides and tacos, offers club members a food discount during all business hours, along with other club perks. Join at pitmastercollective.com.“Our Pitmasters are the heartbeat of our organization,” said John Billingsley, Chairman and CEO. “They are chosen because of their commitment to crafting delicious barbecue, cooked the old-fashioned way. There’s no cost to our Pitmasters to join – you must be chosen by our team for your food and your commitment to the community.”Pitmaster Collective restaurants are currently in 22 states (Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Georgia, Florida, Hawaii, Louisiana, Maryland, Mississippi, Missouri, Nevada, North Carolina, Oklahoma, Oregon, Tennessee, Texas, South Carolina, Virginia, Wisconsin) and eight foreign countries (Canada, Greece, Japan, Lebanon, Mexico, Norway, Russia, United Kingdom.). While some restaurants have been in business for just a few years, others have been serving hungry customers for decades. (Golden Rule Barbecue in Alabama has been in business since 1891.) Pitmasters include many accomplished, award-winning chefs, including several James Beard Foundation nominees/winners, and many have been featured on The Food Network and in publications from Texas Monthly and The New York Times to Food and Wine and Bon Appetit.“We’ve seen more than 25% growth in the number of Pitmaster partners in the past few months, and we’re committed to continuing to grow the network to bring more and more passionate barbecue lovers together with the best in the business,” said Billingsley.For eight cents a day ($30 annual), the Pitmaster Collective offers an unequalled menu of exclusive benefits, including:· 10% off all food purchases at any member restaurant, every day of the year (based on restaurant hours)· Discounts on premium lifestyle brands like Turtlebox, Big Wick’s Glazes, and Roam Adventure Co. ranging from 10-30% (www.pitmastercollective.brandpartners)· In-depth Webinars and Master Classes· Fast Passes (Skip The Line)· On ‘Cue MagazineAbout JBB Advanced Technologies (www.jbbat.com)The Pitmaster Collective is a subsidiary of JBB Advanced Technologies, a Dallas-based holding company. that invests in disruptive businesses, including those in clean renewable energy, blockchain, artificial intelligence, and next-generation real estate. Through our Research and Development Division, we are developing blockchain-based solutions for today’s world, including one to integrate ever-increasing amounts of solar energy seamlessly into our electric grid for greater robustness and resiliency. The company’s renewable energy division develops and deploys clean, affordable solar energy systems to commercial concerns. The company also continues to cultivate a pipeline of acquisition and partnership opportunities in both the private and public sectors to catapult growth with a focus on technology innovation from many diverse industries. http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/pexels-photo-5430243.jpeg BLOGGER - #GLOBAL

[blockinsider]

Argo Blockchain Secures £4.2M Funding to Propel Strategic Growth

Key Points

Argo Blockchain has raised £4.2 million through a share subscription, issuing approximately 76.9 million new ordinary shares.

The company is considering relocating its Bitcoin mining facility in Texas and diversifying into high-performance computing (HPC).

Argo Blockchain, a leading cryptocurrency mining company, has successfully raised £4.2 million. This was achieved through issuing approximately 76.9 million new ordinary shares at a price of 5.5 pence each.

The share subscription was conducted using a cashbox mechanism, according to an official announcement on December 2. This innovative financing structure allowed the company to issue shares efficiently without the need for further shareholder approval. Following this transaction, Argo’s total issued shares now exceed 717 million.

Future Plans for Argo

An undisclosed institutional investor acquired the £4.2 million worth of shares to boost the company’s operations and future plans. The net proceeds from the transaction will be directed towards key initiatives.

These initiatives include potentially relocating or selling the company’s mining equipment currently at the Helios facility in Texas. The company is considering moving its 125,000-square-foot mining facility in Dickens County to a different location after two years of operation.

Despite potential changes, Argo remains committed to sustaining its Bitcoin mining operations in Quebec, which utilize renewable energy resources. The raised capital will also support the company’s diversification into high-performance computing (HPC), aligning with the growing demand for computational power in the AI sector.

“This funding strengthens our balance sheet and positions us to advance the HPC opportunity at Baie-Comeau while managing the Helios fleet movement,” stated Thomas Chippas, CEO of Argo Blockchain.

Overcoming Market Challenges

The recent capital injection comes as Bitcoin miners, including Marathon Digital, Bitfarms, and Argo, face financial challenges. In the third quarter of 2024, the company reported a pretax loss of $38.8 million for the year to date, with mining margins falling to 8%, a significant drop from 58% the previous year.

The firm, however, remains optimistic, citing recent improvements in Bitcoin mining economics due to the rise of Bitcoin last month.

Argo’s focus on diversification through HPC and renewable energy-powered operations reflects a strategic shift towards more sustainable and future-proof business models.

This move underscores a growing trend among crypto mining firms exploring opportunities beyond Bitcoin mining to remain competitive. Industry analysts suggest that the pivot to HPC could unlock significant value for the sector, with projections estimating a $38 billion revenue opportunity by 2027.