Bitcoin mining company MARA Holdings reported record revenue and earnings in Q4 2024, surpassing analysts’ expectations and the challenges presented by last year’s Bitcoin halving event.
The company posted a 37% increase in revenue, reaching $214.4 million, compared to $156.8 million in Q4 2023, owing to a 132% rise in the average price of Bitcoin mined, as per its fourth-quarter statement.
The Florida-based firm’s net income for the quarter grew by 248%, totaling $528.3 million, compared to $151.8 million in the same period last year.
While Bitcoin’s price increase contributed a hefty $119.9 million to the total, the company still faced a $64.2 million drop in revenue due to decreased Bitcoin production, which was heavily impacted by the April halving event.
The Bitcoin halving effectively slashed the reward miners receive from solving the computational puzzle inherent in proof-of-work networks by 50%, from 6.250 BTC to just 3.125 BTC per block.
As a result, MARA mined 2,492 BTC in Q4 2024, down 27% from the 3,490 BTC produced in the same quarter in 2023.
However, despite the decline in production, MARA was able to increase its total blocks won by 25%, achieving 703 blocks in Q4 2024 compared to 562 in Q4 2023.
Earnings per share also far exceeded expectations, coming in at $1.24, a significant uplift compared to analysts’ forecast of a loss of $0.32 per share, as per Market Beat data.
The EPS result marked a significant earnings surprise, with MARA’s stock climbing by 7.41% to $13.38 in after-hours trading, Google Finance data shows.
MARA’s hashrate grew 115% to 53.2 EH/s in Q4 2024, up from 24.7 EH/s in Q4 2023, driven by strategic acquisitions and energy capacity expansion.
Energy hashrates measure the computational power used in mining, typically in exahashes per second (EH/s), determining the rate of transaction processing and network security.
MARA’s energy and hosting costs also rose sharply by 70%, totaling $127.4 million in Q4 2024, compared to $75.1 million in Q4 2023.
The company’s direct energy cost per Bitcoin for its owned mining sites increased to $28,801, up from $23,000 in the previous year, reflecting the challenges of scaling operations while maintaining profitability.
MARA reported a 62% BTC yield per share for 2024 and did not sell any Bitcoin out of its total holding of 44,893 BTC, worth $4.6 billion, in Q4.
The second-largest corporate holder of Bitcoin is taking proactive steps to differentiate itself from its competitors.
“Our focus is not just on Bitcoin mining but on being the lowest-cost producer in an environment where efficiency and adaptability are paramount,” MARA Chairman and CEO Fred Thiel wrote in the annual shareholder letter.
While MARA comes forward with a strategic push, other miners are struggling to cope with rising energy costs and the impact of Bitcoin’s halving event.
Those challenges are reflected in Bitdeer’s recent performance, as the Singapore-based miner disclosed a significant fourth-quarter loss of $532 million. Despite its efforts to develop proprietary mining chips, Bitdeer’s stock took a hit, dropping 20% following the announcement.
Edited by Sebastian Sinclair
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Ligero, a blockchain startup specializing in zero-knowledge proof (ZKP) technology for data privacy and security, has successfully raised $4 million in a seed funding round.
Galaxy Ventures and 1kx co-led the round, with further participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group, and ZKV, Ligero announced on Wednesday. The firm first started raising in March 2024, closing the round in July 2024, coinciding with the launch of its flagship product, Ligetron, co-founder Matt DiBiase told The Block.
The seed round took the form of a straightforward agreement for future equity (SAFE) with token warrants, on a $20 million cap. Ligero has no plans to release a token in the near term, DiBiase said anyway.
Wei Dai, a research partner at 1kx, has joined the board of directors at Ligero as part of the investment agreement. The new round puts Ligero’s total funding at $5.15 million, up from a $1.15 million raise in 2019.
What is Ligero?
Ligero, founded in 2018, creates tools to make the process of developing, deploying, and scaling zero-knowledge proofs easier with security and compliance. Its flagship product, Ligetron, is a zero-knowledge virtual machine (zkVM) to provide high-speed performance on browsers and advanced hardware.
“Ligetron is to ZK what DeepSeek is to LLMs,” Ligero asserted, citing its high-performance feature. Benchmark tests indicate that Ligetron provides 66× faster large language model (LLM) inference and 1,024× improved memory efficiency compared to competitors.
For ZK rollups and validiums, Ligetron is capable of processing 1,000 transactions per second (TPS) on a single NVIDIA L40S GPU at less than 2 GB of CPU RAM, with linear scalability across multiple GPUs. Even in browser-based deployment, Ligetron can be around 100 TPS, reflecting its potential for mobile-based ZK rollups.
Ligero spent seven years developing Ligetron. Since it raised its first round of funding in 2019, the company first built a dark pool auction platform based on multiparty computation (MPC), co-founder, CEO, and CTO Muthu Venkitasubramaniam explained to The Block.
Ligero was awarded a four-year grant in 2020 by the Defense Advanced Research Projects Agency (DARPA) under the Securing Information for Encrypted Verification and Evaluation (SIEVE) program to further pursue zero-knowledge proof research. This research served as the groundwork for Ligero’s existing ZK technology and innovation initiatives, Venkitasubramaniam explained.
“Next-generation DeFi, gaming, ML use cases, and real-world asset tokenization will heavily rely on scalable privacy,” Venkitasubramaniam said. “Existing privacy-oriented chains are too heavy for real-world usage and are not compostable. Existing ZK-SNARKs enabling L2 solutions are not designed for real privacy use cases since they cannot be executed client-side and demand a lot of server-side hardware. Ligetron, on the other hand, is the first and sole memory-efficient zkVM that can execute on any device – ranging from a Raspberry Pi to an NVIDIA H100 – providing consistent and scalable performance.”
Ligero’s nearest rivals are Aztec Noir and Polygon Miden. Nevertheless, the firm’s ZK tools are meant to promote scalable data privacy across sectors like DeFi, finance, gaming, and real-world asset tokenization. Ligero seeks to embed privacy into on-chain and off-chain workflows seamlessly.
Looking ahead, Ligero plans to expand its team by hiring three to four additional roles in engineering and business development to support its continued growth, DiBiase said.
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In 2023, the global 5G base station market was valued at approximately USD 33.47 billion. It is projected to reach around USD 468.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 29.3% from 2023 to 2032.
5G Base Station Market Overview
The global 5G base station market is experiencing rapid growth due to the increasing demand for high-speed, low-latency communication networks across industries such as telecommunications, healthcare, and automotive. The expansion of smart cities, IoT applications, and cloud-based services is driving the deployment of 5G infrastructure worldwide. Governments and telecom operators are investing heavily in upgrading network infrastructure to support the growing data traffic and digital transformation initiatives. However, challenges such as high deployment costs, spectrum availability, and regulatory hurdles may impact market growth. North America and Asia-Pacific lead the market, with China, the U.S., and South Korea at the forefront of 5G rollouts. The market is also witnessing strategic collaborations among key players to enhance technology innovation and accelerate the adoption of advanced 5G base station solutions.
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» North America (U.S., Canada, Mexico)» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)» South America (Brazil, Argentina, Rest of SA)» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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AI startup Anthropic is in the process of securing $3.5 billion in a funding round that would value the company at $61.5 billion, according to two sources familiar with the matter who spoke to Reuters on Monday.
Anthropic, the creator of the Claude chatbot, is likely to be backed financially by top venture capital firms such as Lightspeed Venture Partners, General Catalyst, and Bessemer Venture Partners, the sources added. The current fundraising exceeds the $2 billion the firm had been said to be targeting last month, according to an earlier Reuters report.
The funding represents increasing investor appetite for AI startups, with venture capital firms pouring funds aggressively into this space. Almost half of all venture capital investment raised in the United States during the previous year went to AI-related firms, as investors look to capture the blowout growth and long-term opportunity of artificial intelligence.
Anthropic’s fundraising talks also reflect the persistent dominance of U.S.-based AI startups, even as more affordable options like China’s DeepSeek have raised eyebrows among some investors. At the same time, OpenAI, the parent company of ChatGPT, is in talks for a gargantuan funding round that would take its valuation as high as $300 billion, Reuters has already reported.
Anthropic has yet to respond to Reuters’ request for comment on the current round of funding. The Wall Street Journal broke the story on the fundraising campaign.
Led by ex-OpenAI executives and siblings Dario and Daniela Amodei, Anthropic has become one of the largest players in the foundation model segment. Last year, in a financing round headed by Menlo Ventures, the firm was valued at around $18 billion.
To this support, on Monday Anthropic unveiled a fresh generative AI model, referred to as Claude 3.7 Sonnet. The model builds on previous offerings and promises quicker responses along with the capability of explaining how it arrived at them step by step, reinforcing its position among aggressive players in the generative AI space.
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Crypto ATMs, once touted as a convenience for enthusiasts, are now being exploited by scammers, leaving victims, many of them elderly, with substantial financial losses.
In response, Illinois Senator Dick Durbin has introduced the Crypto ATM Fraud Prevention Act, seeking to impose new regulations to curb the rising tide of fraud associated with these machines.
The legislation, announced Tuesday, would place strict transaction limits on crypto ATMs and require companies to offer full refunds to victims who report fraud within 30 days of the transaction.
“These measures are common-sense guardrails that will prevent countless Americans, particularly senior citizens, from losing thousands of dollars of their hard-earned savings to criminal scams,” Dublin said while urging his colleagues on the Senate floor to pass the bill into law.
Under the proposed rules, new users would be prohibited from spending more than $2,000 daily or $10,000 within 14 days.
The bill would also mandate that users attempting transactions over $500 be contacted directly by operators to ensure fraudsters are not manipulating them.
Durbin kicked off his proposal by sharing the story of a New Lenox man who was scammed out of $15,000 after receiving a call from someone pretending to be a deputy.
The scammer told him he had missed jury duty and could avoid arrest by paying a fine through a Bitcoin ATM.
The victim, worried about the consequences, followed the instructions and deposited the money, only to realize it was a scam.
“There was no way to trace the transaction to the scammer and no way to get the money back,” Dublin said. “This is just one example of a growing and alarming trend of crypto ATM fraud.”
As the world’s largest crypto gains widespread institutional interest, with 18 states, including Illinois, proposing to establish Bitcoin Reserves, crypto-related scams are also on the rise.
Data provided to NBC News by the Federal Trade Commission (FTC) revealed that the amount of money consumers have reported losing to scams involving Bitcoin ATMs has nearly increased tenfold since 2020, topping $110 million in 2023 alone.
“While these scams aren’t all identical, they generally play out just like the one I described,” Durbin said, explaining how scammers impersonate government officials or bank representatives, making urgent threats that push victims to act quickly and deposit large sums into Bitcoin ATMs.
FTC data also showed how older adults are disproportionately targeted, with consumers over age 60 more than three times as likely to be duped compared to younger adults.
“Scammers are using these machines as a way to take money from people more than we’ve seen in the past,” Emma Fletcher, a senior data researcher at the FTC, said last year.
Bitcoin ATMs, though banned in some countries, are legally operating in the U.S. and have proliferated, with nearly 29,642 machines now in operation, as per Coin ATM Radar data.
These scams include fraudulent crypto ATMs and hackers targeting platforms like Bybit, where the notorious North Korean Lazarus Group stole $1.4 billion in assets last week, marking the most significant exploit in the industry’s 17-year history.
Edited by Sebastian Sinclair
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The concept of “Agentic AI” is currently dominating the tech landscape, with developers racing to integrate generative AI into various industries, and investors eager to back the most promising innovations. Perfect, a new startup based in Israel, is one of the latest companies to receive substantial funding in this sector, as its platform improves hiring processes using AI-based solutions. The firm has managed to raise $23 million in seed capital to develop its platform further and increase its coverage.
A New Recruitment Approach with AI:
Perfect is meant to serve as a co-pilot for recruiters, helping them craft job descriptions, identify the most suitable platforms to list openings, and effectively handle applicant responses. The platform competes with traditional tools from firms such as LinkedIn, Indeed, and Recruiter, as well as integrating with current recruitment systems to enhance their functionality.
Perfect’s AI technology saves recruiters as many as 25 hours per week, making them very efficient. In one year since it was started, the company has seen high growth with its client roster growing from an initial 20 companies to more than 200. Fiverr, eToro, McCann, and Coralogix are some of the big firms that are using Perfect’s technology to streamline their hiring.
From Facial Recognition to AI Recruitment:
Perfect was founded by Eylon Etshtein, best known for launching Anyvision, a controversial facial recognition startup that later rebranded and was eventually acquired. Etshtein’s inspiration for Perfect stemmed from his hands-on experience hiring at Anyvision, where he realized that scaling the recruitment process manually was unsustainable.
With his background in AI, Etshtein had the idea of creating a smart recruitment platform that could automate the recruitment process based on data-driven information. The idea was to build an AI system that could search for the ideal candidates quickly, much like how facial recognition systems can locate specific people in enormous databases.
Following his departure from Anyvision, Etshtein focused on recruitment technology to address inefficiencies in the hiring process. His background in AI-based solutions has made Perfect a leader in the emerging market of AI-powered HR tools.
What Makes Perfect Unique?
The AI hiring space is extremely competitive, with many startups creating solutions to make hiring better. But Perfect stands out by developing its platform from scratch, instead of using third-party Large Language Models (LLMs).
As opposed to several competitors who use integrated LLMs like ChatGPT, Perfect has built its own in-house proprietary AI model that has been trained on vector-based datasets acquired from third-party recruitment websites. By doing this, Perfect can carefully curate and clean data to make better predictions with increased accuracy.
“When we started Perfect, ChatGPT didn’t exist,” Etshtein explained. “There was no architecture available that could accurately analyze career trajectories, understand past experiences, and predict future career paths. That’s why we built our system from scratch.”
Etshtein further pointed out that LLMs are challenged to work with vast amounts of structured hiring data and therefore remain inefficient for specific hiring uses. Perfect’s model, however, works with highly detailed candidate records, enabling recruiters to make knowledge-based decisions with the help of annotated insights.
Funding and Investors:
Perfect’s $23 million funding round has been structured in two parts:
An equity investment of $12 million from Target Global, RTP Global, Pitango, and other early backers, was raised approximately a year ago.
An interest-free SAFE note, convertible to equity in a future round, from Hanaco Ventures, Joule Ventures, and Young Sohn (former president of Samsung and a board member at Arm).
Investor Confidence in AI-Powered Recruitment:
The recruitment sector has been in desperate need of genuine innovation for years, with most processes depending on legacy manual workflows or half-baked AI tools. Perfect is viewed by investors as a huge disruptor in this market.
Lior Prosor, Hanaco Ventures partner, showed firm belief in the startup and said:
“Perfect is utilizing proprietary datasets and integrating AI into industry-specific workflows to completely transform how recruitment operates. By automating a significant portion of recruiters’ daily tasks, the platform is delivering real, measurable impact.”
With inefficient hiring processes affecting companies globally, the need for AI-based “smart hiring” solutions is growing fast. Perfect seeks to fill this gap by automating candidate sourcing and selection, rendering the recruitment process more accurate and time saving.
The Future of Perfect: Enlarging AI Tools for Job Applicants
In addition to enhancing its AI hiring platform, Perfect is growing its offerings to job applicants. The company is creating a free tool that will assist candidates in optimizing job search tactics, resume targeting, and application procedures.
Not only does this enhance the job application process, but it also gives Perfect more data, which can be used to enhance its AI models for recruiters.
A Competitive Market with Room to Grow:
The AI hiring market is filled with competitors such as LinkedIn, HiBob, Workable, Maki, Mercor (worth $2 billion), Tezi, and SeekOut—some of which have seen both explosive growth and layoffs. Despite this competition, Perfect’s proprietary method of AI-based hiring makes it a formidable player in the market.
Based on a solid funding base, a rapidly increasing customer base, and an AI-powered hiring model, Perfect has the potential to reshape the way businesses acquire and hire workers in today’s workforce.
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MemeMarket has also successfully closed an oversubscribed angel funding round, raising investments from leading venture capital firms and angel investors linked with prominent crypto firms. Through this strategic investment, MemeMarket will be able to scale and grow its decentralized prediction market game and Super App meant for meme coins.
Built upon the Solana Virtual Machine (SVM), MemeMarket provides a safe and easy-to-use platform aggregating the $137 billion+ meme coin universe, putting users and liquidity in one effortless interface. The funding round welcomed top VCs such as Crypto Times VC and IBC Group, as well as angel investors from Presto Labs Ventures, Republic Crypto Ventures, MEXC Ventures, BitGet, LFG Inc., and so on.
A Strong Backing for Growth:
“We are incredibly grateful to our investors for their trust and support. With backing from some of the top VCs and Web3 angels, MemeMarket is well-positioned to expand its Super App, unify the meme market, and deliver real utility to meme coins. Our goal is to drive mass adoption by consolidating users and liquidity on Solana under one platform,” said JD Salbego, Core Advisor at MemeMarket.
About MemeMarket:
MemeMarket is the first-ever decentralized prediction market game built specifically for meme coins, which comes with a social community layer blended with cutting-edge crypto tools. The site boasts an AI Meme Assistant that simplifies research, buying, and investing in meme coins with ease, safety, and smarts.
Being run by the Solana Virtual Machine (SVM), MemeMarket provides a safe and high-performance setting wherein users can easily monitor, buy, and participate in the meme coin market. Solving the main pains of the meme coin universe, the platform has set its course to make the process easy to access and facilitate users in catching the next hit trend in the market.
MemeMarket was created by crypto veterans with close to four decades of experience in bringing successful blockchain initiatives to life. The group has already grown multi-billion-dollar token market cap initiatives, developed #1 NFT-selling games with $85 million in in-game volume, and grown Web3 products to more than 2 million users. Their history also comprises 15 years in legacy gaming, having worked on world-renowned franchises like Zynga, Square Enix, Final Fantasy, Call of Duty, Assassin’s Creed, Scopely, and Konami.With its state-of-the-art technology, domain knowledge, and robust financial support, MemeMarket will revolutionize the meme coin economy, connecting Web3, gaming, and crypto investing.
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Saskatoon, SK, Feb. 25, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award‑winning leader in drone solutions and systems development, is pleased to announce that its CEO, Cameron Chell, will be presenting at the Centurion One Capital 8th Annual Growth Conference, taking place at the Four Seasons Hotel in Toronto from March 3 to March 6, 2025.
Cameron Chell is scheduled to present on Thursday, March 6, 2025, at 3:45 PM ET. In addition to the presentation, he will be attending investor meetings and participating in discussions focused on the evolving landscape of drone technology and its impact on various industries.
“We are excited to share Draganfly’s latest advancements and strategic vision at the Centurion One Capital Growth Conference,” said Cameron Chell, CEO of Draganfly. “With the increasing adoption of drone technology across emergency response, agriculture, and logistics, we look forward to discussing how Draganfly continues to drive innovation and expand our impact globally.”
Centurion One Capital 8th Annual Growth Conference
Format: Presentations, Panel Discussions, and 1 X 1 Investor Meeting
Presentation Date: Thursday, March 6th, 2025
Time: 8:00 AM EDT – 5:00 PM EDT
Venue: Four Seasons Hotel
For more information and registration details, please visit: http://www.centuriononecapital.com/news-events.
About Centurion One Capital
Centurion One Capital (“Centurion One”) is the premier independent Investment Banking firm dedicated to fueling the growth and success of growth companies in North America. With an unwavering commitment to delivering comprehensive financial solutions and strategic guidance, Centurion One is a trusted strategic partner and catalyst to propel issuers to unlock their full potential.
Our team comprises seasoned professionals who combine extensive financial expertise with deep knowledge of various sectors. We take a proactive and results-driven approach, working closely with our clients to develop tailored strategies and execute transactions that maximize value and drive long-term success.
Centurion One – Empowering Growth. Driving Innovation. Partnering for Success. For more information about Centurion One, visit http://www.centuriononecapital.com
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO) is a leading developer of drone solutions, software, and AI systems dedicated to revolutionizing industries such as public safety, agriculture, defense, and critical infrastructure. With over two decades of experience, Draganfly’s cutting-edge technology and commitment to innovation continue to shape the future of unmanned aerial systems worldwide.
Learn more about Draganfly at http://www.draganfly.com.
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Erika Racicot
Email: media@draganfly.com
Company Contact
Email: info@draganfly.com
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South Dakota lawmakers dealt another blow to Bitcoin advocates on Monday when they voted to axe a bill that would have allowed the state to invest in Bitcoin.
In a key move, the House Commerce and Energy Committee voted 9-3 to defer HB1202 until the 41st day of the session, a procedural decision that effectively killed the bill, as the session concludes in no more than 40 days.
South Dakota’s decision follows a similar outcome in Montana, where lawmakers shot down a Bitcoin reserve bill in a 41-59 vote last week.
The proposal, introduced by State Representative Logan Manhart (R-S.D.), sought to permit the state to allocate up to 10% of its public funds into Bitcoin investments as a way to diversify its financial portfolio.
“It’s a commonsense update to South Dakota’s investment strategy by allowing a limited allocation of state funds into alternative assets that have consistently proven to preserve value, particularly in inflationary environments,” Manhart said, as cited in the South Dakota Public Broadcastingreport.
Matt Clark, South Dakota’s State Investment Officer, raised concerns about Bitcoin’s volatility and lack of intrinsic value.
“Bitcoin does not have any underlying physical use,” Clark said. “It does not generate income, much like commodities or other kinds of assets.”
Clark said that while Bitcoin could potentially be integrated into state investments in the future, the current market uncertainty made it too early to amend the law, and passing the bill would only lead to more confusion.
Manhart disagreed, saying that Bitcoin, with its fixed supply and decentralized nature, is a valuable asset that the state should consider taking advantage of.
Despite this setback, Manhart remains determined to push for the bill’s revival, pledging on X, “We will be back next year.”
While states like North Dakota, Wyoming, and Pennsylvania have also stalled Bitcoin reserve proposals, the momentum for such initiatives is not dead.
Several other states, including Florida, Arizona, Utah, and Texas, are pushing forward with their own bills, with around 18 state-level Bitcoin reserve proposals still pending, as shown in Bitcoin Reserve Tracker.
Meanwhile, Bitcoin and other cryptos took a hit on Monday amid fresh trade concerns and a steep drop in technology stocks, contributing to a general risk-off atmosphere across global markets.
The leading crypto has fallen 3.9% on the day, dropping to $91,980, CoinGecko data shows.
Edited by Sebastian Sinclair
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Auditoria.AI, a pioneer in agentic AI solutions designed for the Office of the Chief Financial Officer (CFO), has closed an oversubscribed Series B funding round with $38 million in new capital. The round was led by Innovius Capital, with Dell Technologies Capital, Sentinel Global, and current investors like Venrock, NeoTribe Ventures, Engineering Capital, and KPMG Ventures joining in. The investment will fuel Auditoria.AI’s growth, and product innovation, and expand its international market reach.
“This funding is an important milestone for Auditoria.AI as we keep scaling and delivering innovative AI-powered autonomous solutions empowering CFOs and finance teams to drive efficiency, reduce risk, and speed up decision-making,” said Rohit Gupta, CEO and Co-Founder of Auditoria.AI. “We are thrilled to welcome Innovius Capital, Dell Technologies Capital, and Sentinel Global as partners. Their expertise and resources will be invaluable in propelling our mission forward. This investment strengthens our vision, and we’re just getting started.”
Auditoria.AI recorded triple-digit growth in 2024 as the leader in agentic AI solutions for corporate finance. The firm provides real-time financial insights, automates routine accounting processes, and maximizes vendor and customer relationships through the application of agentic AI driven by deep natural language processing (NLP), machine learning, and generative AI. Its platform enables finance teams to attend to strategic purposes while maintaining seamless automation of finance, accounting, and procurement operations.
Organizations from key industries and sectors such as healthcare, financial services, retail, technology, and consumer hospitality have embraced Auditoria’s AI offerings across a broad spectrum. Auditoria’s smart systems are programmed to fit harmoniously into enterprise environments, using contextual knowledge and machine learning to enhance collaboration, increase efficiency, and enhance shared services teams’ innovation.
The Emerging Need for AI in Finance:
As per the 2024 Gartner AI in Finance Survey, almost all finance leaders believe that the expense and effort required for deploying AI in financial operations will increase over the next two years. Over 53% of them predict an increase of over 10% in the cost and resources required for AI. With growing pressure on CFOs and finance teams to optimize efficiency while managing increasingly complex workflows, Auditoria. Ai’s Smart Customer and Smart Vendor AI solutions are revolutionizing accounts receivable and accounts payable automation.
Enlarging its scope, Auditoria.AI now accommodates more than 300 languages and currencies, accessing markets that account for over 80% of the world’s GDP. The platform handles more than $2.4 billion in collections and over $9 billion in invoicing per year, bringing substantial operational gains to finance departments globally.
Industry Leaders Endorse Auditoria’s Impact:
“With competition for top financial talent higher than ever before, companies need to unlock their current teams by automating bulk tasks,” added Michael Conway, CFO at TIH Insurance Holdings. “Auditoria.AI facilitates this by liberating finance professionals to deliver high-impact work. Having rolled out their solutions at two organizations, I have seen their huge value for myself.” This new funding round highlights the increasing need for AI-powered finance automation, and I am pleased to witness Auditoria leading the charge.”
“Finance leaders today require AI-powered automation that is secure, intelligent, and natively integrated into current workflows,” said Justin Moore, CEO and Co-Founder at Innovius Capital. “Auditoria is leading this next generation of AI-powered finance transformation. In an industry notoriously slow to embrace AI and cutting-edge technology, Auditoria is providing agentic AI solutions that deliver radical change. We are thrilled to help their continued growth and innovation.”
About Auditoria.AI:
Auditoria.AI is an innovator of agentic AI solutions for corporate finance, optimizing business processes to improve financial performance and cash efficiency. The solution automates the mundane while taking care of intricate finance functions within the Office of the CFO, establishing a new benchmark in enterprise AI. Auditoria’s proprietary Specialized Language Model operates alongside leading large language models (LLMs) such as GPTs from OpenAI, Azure, LLaMa, and Google Gemini, ensuring that finance teams have access to best-in-class generative AI capabilities.
Auditoria’s SmartBots integrate with enterprise systems of record and finance inboxes, optimizing vendor management, streamlining collections, reinforcing procurement controls, accelerating data extraction, and automatically managing finance-related inquiries.
Accounting and corporate finance teams at large organizations including Rocket Companies, RingCentral, Truist Insurance Holdings, Match Group, Ochsner Health System, StockX, Denny’s, Blackbaud, Memorial Sloan Kettering Hospitals, and Iowa State University depend on Auditoria to build business resilience, lower IT burden, and accelerate financial insights.
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