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Category: Business

  • MIL-OSI: Alchemy Markets Limited, a Wholly Owned Subsidiary of FDCTech, Inc., Launches TradingView Integration

    Source: GlobeNewswire (MIL-OSI)

    Seamless Charting and Real-Time Execution—Now Trade Directly from TradingView on the Alchemy Platform 

    Irvine, CA:, July 14, 2025 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,” PINK: FDCT), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced that its wholly owned subsidiary, Alchemy Markets Limited (“Alchemy”), has launched full TradingView integration into its multi-asset trading platform.

    This seamless integration empowers Alchemy clients to trade directly from TradingView charts, the world’s most popular charting and analytics platform, used by over 50 million traders and investors in more than 190 countries. TradingView processes over one billion charts monthly and supports real-time data across global markets, making it the go-to solution for traders ranging from beginners to hedge fund professionals.

    The integration with TradingView marks a major leap in platform functionality and client experience – whether trading forex, crypto, or other instruments, users now have access to institutional-grade tools right from their Alchemy account.

    What Users Can Expect:

    • Execute trades directly from TradingView charts
    • Analyze markets with 100+ built-in indicators and drawing tools
    • Access real-time data across forex, crypto, and other asset classes
    • Create and deploy custom indicators with Pine Script
    • Enjoy a responsive and intuitive interface optimized for all devices

    By August 2025, the Company anticipates being listed as a Gold Broker on TradingView’s broker directory in the 10 largest European countries where Alchemy Markets is regulated. This elevated designation is expected to increase visibility among TradingView’s vast user base and drive client acquisition across key markets. Being a Gold Broker provides a competitive edge by showcasing regulatory credibility, technology integration, and execution quality—critical factors for traders seeking trusted platforms within the TradingView ecosystem.

    Alchemy Markets, regulated by the Malta Financial Services Authority (MFSA) under MiFID II, has been enhancing its trading infrastructure and user experience as part of the Company’s broader growth and uplisting strategy. The TradingView integration reinforces Alchemy’s commitment to providing an elite trading environment with next-generation tools, security, and compliance.

    This development aligns with the Company’s mission to deliver robust, regulated, and technologically advanced financial services across multiple jurisdictions, thereby accelerating value creation for both clients and shareholders.

    For more information on the Company’s results and strategic plans, please visit our SEC filings or the Company’s website.

    Alchemy Markets Limited

    Alchemy Markets Limited is a licensed investment firm regulated by the Malta Financial Services Authority under MiFID II. Offering multi-asset execution, custody, and institutional-grade trading infrastructure, Alchemy serves clients across Europe and other regulated jurisdictions. As a core part of the Company’s international expansion, Alchemy plays a pivotal role in delivering regulated and scalable trading solutions globally.

    FDCTech, Inc.

    FDCTech, Inc. (“FDC”) is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages, as well as prop and algo trading firms of all sizes, across various asset classes, including forex, stocks, commodities, indices, ETFs, precious metals, and other financial instruments. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.

    Press Release Disclaimer

    This press release’s statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

    Contact Media Relations

    FDCTech, Inc.
    info@fdctech.com
    www.fdctech.com
    +1 877-445-6047
    200 Spectrum Center Drive, Suite 300,
    Irvine, CA, 92618

    The MIL Network –

  • MIL-OSI: Enovix Appoints Srikanth Kethu as Head of Enovix India to Accelerate Global Innovation and Regional Expansion

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., July 14, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a leader in advanced silicon battery technology, today announced the appointment of Srikanth Kethu as Head of Enovix India, effective today. In this key leadership role, Mr. Kethu will oversee the company’s Hyderabad R&D center and play a strategic role in supporting the ramp-up of Enovix’s high-volume manufacturing facility in Malaysia, while driving the broader expansion of Enovix’s footprint in India.

    Mr. Kethu brings more than two decades of experience leading high-performance engineering teams and scaling offshore operations for global automotive and industrial leaders including ZF, Mercedes-Benz, and as an external consultant to BMW’s R&D center in Germany. His deep expertise in product development, systems integration, and cross-border team building makes him uniquely qualified to help lead Enovix through its next phase of global growth.

    “We are thrilled to welcome Srikanth to the Enovix leadership team,” said Dr. Raj Talluri, President and CEO of Enovix. “India has always had a tremendous depth of engineering talent. I was fortunate to have been part of establishing and growing India’s cutting-edge R&D teams for Texas Instruments, Qualcomm and Micron — and now Enovix. As head of Enovix India, Srikanth will not only strengthen our world-class R&D center in Hyderabad but also support our efforts to industrialize at scale — including helping ensure the success of our new facility in Malaysia. He brings the experience and leadership we need to accelerate innovation and execution.”

    Enovix’s Hyderabad R&D center plays a critical role in developing next-generation battery technology. Under Mr. Kethu’s leadership, the India team will expand its contributions to core cell and pack design, advanced manufacturing, and reliability testing. In addition to scaling R&D efforts, Mr. Kethu will help Enovix establish broader operational capabilities in India as the company grows its regional presence.

    “I’m excited to join Enovix at such an important time for the battery industry and to make an impact,” said Mr. Kethu. “The Hyderabad team has already demonstrated exceptional technical capability. I look forward to working with our talented and dedicated teams across India and Southeast Asia to scale world-class solutions, support our factory in Malaysia, and help Enovix deliver breakthrough battery performance on a global scale. India offers a vast and highly skilled talent pool, and we remain committed to leveraging this strength to drive Enovix’s continued growth as a leading R&D hub in the region.”

    About Enovix Corporation

    Enovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design, manufacturing process, and system integration innovations. For more information, visit https://www.enovix.com.

    Forward‐Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements regarding Enovix’s global growth strategy, expected plans for expansion in India, research and development in India, operational scale-up in Malaysia, product development roadmap, and other future events or expectations. Words such as “expects,” “intends,” “believes,” “will,” “plans,” and similar expressions are used to identify these forward-looking statements.

    Actual results may differ materially due to a variety of risks and uncertainties, including those identified in the “Risk Factors” section of Enovix’s most recent filings with the Securities and Exchange Commission (SEC), including the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q. All forward-looking statements in this release speak only as of the date hereof, and Enovix undertakes no obligation to update any such statements as a result of new information, future events, or otherwise, except as required by law.

    Investor Contact:
    Robert Lahey
    ir@enovix.com

    Media Contact:
    Bateman Agency for Enovix
    Kaelyn Attridge
    enovix@bateman.agency

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Enters Final Presale Phase with 150% Built-In Upside Before Exchange Listing

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, July 14, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a next-generation crypto protocol blending high performance with early-stage accessibility, has officially entered the final phase of its highly anticipated presale. With over $6.6 million already raised and more than 14,150 participants onboarded, BTC-S is rapidly becoming one of 2025’s most talked-about blockchain projects.

    Now priced at $12 per token, Bitcoin Solaris is set to increase to $13 in the next phase before reaching its launch value of $20—a built-in 150% gain for early adopters.

    Why Bitcoin Solaris Is Gaining Real Momentum

    Bitcoin Solaris isn’t riding on hype alone. It’s ticking boxes that most projects can’t even reach. The technology backing it makes it more than a speculative bet; it’s a calculated one.

    • Dual Consensus: A hybrid architecture combining Proof-of-Work and Delegated Proof-of-Stake creates a balance between decentralization and performance.
    • Validator Rotation: Prevents monopolies by automatically shifting block production roles.
    • Over 10,000 TPS: With sub-2-second finality, BTC-S is built to handle scale, not just promise it.
    • Energy Efficient: Uses 99.95% less power than traditional PoW systems.
    • Rust-Based Smart Contracts: Flexible for DeFi, NFTs, cross-chain apps, and enterprise adoption.

    It’s also fully mobile-first, engineered for scalability on phones via the upcoming Solaris Nova App. That part alone unlocks billions of potential users. And influencers like Crypto Show have taken notice with detailed coverage breaking down why the coin has so much upside.

    This isn’t another testnet coin. It’s a fully audited, community-backed protocol preparing for a real breakout. Independent audits from Cyberscope and Freshcoins back up the claim.

    Crypto Innovation Just Got Its Engine Back: Meet Bitcoin Solaris

    Presale Panic? Or Smart Entry Point?

    Right now, Bitcoin Solaris is in phase 12 of its presale. The current token price sits at $12, with a next phase set to jump to $13, and a final launch price locked at $20. That’s a clean 150% upside baked into the structure.

    With over 14,150 users already onboarded and $6.6M+ raised, this has become one of the fastest-moving presales in 2025. And it’s closing in just under two weeks. That doesn’t leave much time for hesitation.

    To ensure smooth token delivery after launch, wallets like Trust Wallet and Metamask are recommended for receiving BTC-S. You don’t need them to join the presale, just to get your tokens later.

    Not Just Talk. Real Wealth Mechanics Built In

    Bitcoin Solaris isn’t another buzzword coin. It’s designed with wealth generation in mind.

    • Easy mining via the upcoming mobile app.
    • A mobile-friendly network structure with validator flexibility.
    • DeFi-ready infrastructure with real smart contract utility.
    • TPS performance and security are audited by trusted firms.
    • Early-stage access before listings even begin.

    And unlike Bitcoin, this one didn’t start in obscurity. It’s building momentum with a loud, excited community and attention from respected creators.

    Final Verdict

    Sei laid a foundation. But for those seeking real upside potential, Bitcoin Solaris offers a very different path, one that looks less like waiting for the next bull run and more like building value now.

    It’s rare for a coin to combine polished tech with first-mover wealth positioning. BTC-S is doing both. And this might just be the last window to get in before the market wakes up.

    The Final Entry Window Is Closing

    With the presale now in its twelfth and penultimate stage, investor interest is surging. As the price edges closer to the final $20 listing, Bitcoin Solaris is positioning itself as both a technological leap forward and a rare opportunity for early-stage participation in a crypto ecosystem before market saturation.

    BTC-S can be purchased directly from the project’s official website using credit cards or crypto payments. No wallet is required for initial purchase; tokens will be claimable post-launch via supported wallets.

    About Bitcoin Solaris

    Bitcoin Solaris is a next-generation blockchain protocol focused on accessibility, decentralization, and performance. Designed to support a wide range of use cases—from DeFi to real-world commerce—it offers a mobile-friendly, energy-efficient platform for scalable, secure digital transactions.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5dda26d7-4ebc-4566-ae41-88e08879341d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cfa017e9-68d1-4b65-98f4-277502b28397

    https://www.globenewswire.com/NewsRoom/AttachmentNg/71cd8986-ca43-42a4-a3dd-f5829bc04a5f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f2d5527a-8703-469c-b1ce-d214006382b2

    The MIL Network –

  • MIL-OSI Africa: Turning the Tide: Democratic Republic of Congo’s Emergency Food Production Project Sows Resilience, Plants Hope

    Source: APO – Report:

    In the early morning, the fields stretch as far as the eye can see, bathed in the soft light of the rising sun. In Kwilu, Kasai, and Tshopo provinces of the Democratic Republic of the Congo (DRC), rural communities are reclaiming their land with renewed energy. Here, every furrow in the earth tells a story of resilience and hope.

    These fertile lands have long been trapped in a vicious circle of poor-quality seed, limited access to fertilizers, outdated farming techniques, low yields, and unstable incomes. A tradition of subsistence farming has confined families to day-to-day survival, leaving them vulnerable to climate shocks and food crises.

    That has changed thanks to the deployment of the Emergency Food Production Project (https://apo-opa.co/3TDmJmU) (PURPA in the French acronym), which is being implemented by the African Development Bank (www.AfDB.org) as part of the African Emergency Food Production Facility (https://apo-opa.co/4kAFbr2). The project aims to restore food production in the most vulnerable rural areas of the DRC as rapidly as possible.

    Large-scale distribution of seeds and other agricultural inputs lies at the heart of the project and has delivered a decisive impact:

    • More than 325 tonnes of rice, 388 tonnes of maize and 1.4 million linear metres of cassava cuttings have been distributed, far exceeding initial forecasts.
    • 49,749 farming households have been reached, primarily women, who are often on the front line in the battle to feed their families.

    Villagers in the communities covered by the project are enthusiastic, reflecting a rebirth of hope as the fields come back to life. The seed is in the ground and local people believe the harvest should be sufficient to meet their families’ needs while leaving a surplus for sale on the market.

    Beyond the distributions, PURPA has strengthened the capacities of agricultural research stations such as the one at Kiyaka in Kwilu province in the centre of the country, enabling local production of improved maize and rice seeds. Over 100 tonnes of maize seed, 33 tonnes of rice and 2.55 million cassava cuttings have been produced. The distribution of 334 tonnes of fertilizer also offers a guarantee of suitable and affordable seeds for future seasons.

    Targeted training programmes have also been launched. The Project financed the training of 300 managers and administrative staff, 30% of whom were women, using the “farmers’ field-school” approach with a focus on seed production and technical itineraries. These initiatives not only improve yields but also strengthen the capacities of women and agricultural cooperatives.

    A final push to distribute fertilizer and seed produced by the research centres is scheduled for the coming months. Multiple outcomes are expected: increased farm incomes through the sale of surpluses; the creation of new economic opportunities, particularly for women and young people; significant improvement in food security with a reduction of lean periods; and the development of more autonomous agriculture that is less dependent on external aid.

    Local authorities in several provinces are also observing a reduction in rural exodus as young people return to their towns to participate in this new-style agriculture, attracted by more promising prospects.

    For these communities, the Emergency Food Production Project is not just a response to the global food crisis. It is a veritable “school of resilience” where solidarity, local know-how and agricultural innovation support and encourage each other.

    In these regions of the Democratic Republic of the Congo, farming is no longer just about survival. In these newly seeded fields, it has become a means of development, investment, and heritage. Much remains to be done, but the transformation is underway. In these once fragile rural lands, a conviction is taking root: change, from now on, comes from here.

    – on behalf of African Development Bank Group (AfDB).

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Analysis: Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange

    Source: The Conversation – USA (3) – By Iqbal Akhtar, Associate Professor of Religious Studies, Florida International University

    Zohran Mamdani takes photos with union members during a campaign rally at the Hotel and Gaming Trades Council headquarters in New York on July 2, 2025. AP Photo/Richard Drew

    When Zohran Mamdani announced his candidacy for mayor of New York City, political observers noted his progressive platform and legislative record. But understanding the Democratic candidate’s background requires examining the rich cultural tapestry woven into his very surname: Mamdani.

    He takes the name from his father, Mahmood Mamdani, a prominent academic who was raised in Uganda and whose work focuses on postcolonial Uganda. I studied the history of the Khoja community for my doctoral work and have helped develop Khoja studies as an academic discipline. The Mamdani surname tells a story of migration, resilience and community-building that spans centuries and continents.

    The Khoja history

    Mamdanis in Uganda belong to the Khoja community, a South Asian Muslim merchant caste, that shaped economic development across the western Indian Ocean for centuries.

    The name originates from greater Sindh, a region in South Asia that today includes southeastern Pakistan and Kachchh in western India.

    Its etymology is twofold. Mām is an honorific title in Kachchhi and Gujarati languages, meaning kindness, courage and pride. Māmadō is a local version of the name Muhammad that often appeared in surnames in Hindu castes that converted to Islam, such as the Memons.

    The Khoja were categorized by the British in the early 19th century as “Hindoo Mussalman” because their traditions spanned both religions.

    Over time, the Khoja came to be identified only as Muslim and then primarily as Shiite Muslim. Today, the majority of Khoja are Ismaili: a branch of Shiite Islam that follows the Aga Khan as their living imam.

    The Mamdani family, however, is part of the Twelver community of Khoja, whose Twelfth Imam is believed to be hidden from the world and only emerges in times of crisis. Twelvers believe he will help usher in an age of peace during end times.

    Around the late 18th century, the Khoja helped export textiles, manufactured goods, spices and gems from the Indian subcontinent to Arabia and East Africa. Through this Western Indian Ocean trading network, they imported timber, ivory, minerals and cloves, among other goods.

    Khoja family firms were built on kinship networks and trust. They built networks of shops, communal housing and warehouses, and extended credit for thousands of miles, from Zanzibar in Tanzania to Bombay – now Mumbai – on the western coast of India.

    Cousins and brothers would send money and goods across the ocean with only a letter. The precarious nature of trade in this period meant that families also served as insurance for each other. In times of wealth, it was shared; in times of disaster, help was available.

    Khoja contributions in Africa

    The Khoja became instrumental in building the commercial infrastructure of eastern, central and southern Africa. But the Khoja contribution to the development of Africa extended far beyond trade.

    In the absence of colonial investment in public infrastructure, they helped build institutions that formed the foundation of the modern nation-states that emerged after colonization. The institutions both facilitated trade and established permanent communities.

    For example, the first dispensary and public school in Zanzibar were constructed by a Khoja magnate, Tharia Topan, who made his wealth through the ivory and clove trades. Topan eventually became so prominent that he was knighted by Queen Victoria in 1890 for his service to the British Empire in helping to end slavery in East Africa.

    The Khoja community continues to invest in East Africa. The most famous example is the Aga Khan Development Network, whose hospitals and schools operate in 30 countries. In places such as Kenya, Uganda and Tanzania, they are considered the best.

    Khoja in Uganda

    Like in other parts of Africa, the Khoja settled in Uganda as a liaison business community to develop a market to serve both African and European needs. The linguistic and cultural knowledge, developed over centuries, helped facilitate business despite the challenges of colonization.

    Ugandan President Idi Amin and his wife, Sarah, in Rome on Sept. 10, 1975.
    AP Photo

    However, in 1972, Ugandan dictator Idi Amin expelled all Asians – approximately 80,000 – forcing families like the Mamdanis into exile. These included indentured laborers, who were brought in to help build the railroad and farm during the British colonial period, and free traders, like the Mamdani family.

    Amin saw them all as the same and famously said: “Asians came to Uganda to build the railway. The railway is finished. They must leave now.”

    The experience was a bitter one. Families lost everything, and many left with only the clothes on their backs.

    Mahmood Mamdani, who came from a Khoja merchant family, was 26 when he was exiled. Yet, unlike most Ugandan Asians, he chose to go back. At Makerere University in Kampala, Uganda’s capital, Mamdani set up the Institute for Social Research, which helped to provide rigorous social science training to Ugandan researchers trying to improve their society.

    While the earlier generations of the Khoja tended to choose business or adjacent professions, such as accounting, the subsequent generations – particularly those educated in the West – embraced the knowledge economy as professionals, academics and nonprofit leaders.

    Several of Mahmood Mamdani’s generation of Khoja academics conducted path-breaking work on Afro-Asian solidarity – a way of thinking about the world beyond colonial categories, such as the category of religion as a separate domain from the secular. These scholars, such as Tanzania’s Issa Shivji and Abdul Sheriff, worked on creating solidarity among the newly independent states of the Global South.

    Mahmood Mamdani is known for his influential post-9/11 academic work, “Good Muslim, Bad Muslim,” which examined how Muslim identities are stereotyped. He argued that these identities are complex and varied, shaped by accumulated history and present experiences.

    Interfaith identity

    The Khoja community – known globally as the Khoja Shia Ithnasheri Muslim Community – has developed strong transnational connections. Today, they are concentrated in the United Kingdom, Canada, United States and France. However, Khoja can be found in almost any country in the world. In 2013, I met members of the community in Hong Kong.

    The Khoja community plays an important role in interfaith dialogue and global development initiatives. A prominent Ismaili Khoja, Eboo Patel, the founder of Interfaith America, has dedicated his life to pluralism and mutual understanding through building up civil society.

    Zohran Mamdani’s mother, acclaimed filmmaker Mira Nair, is Hindu by birth. This interfaith marriage exemplifies the flexibility, diversity and tolerance of Khoja Islam, which has historically navigated between Hindu and Islamic traditions.

    Whether Mamdani’s policies prove practical remains to be seen, but his background offers something valuable: a deep understanding of how communities build resilience across generations and geographies.

    Iqbal Akhtar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange – https://theconversation.com/zohran-mamdanis-last-name-reflects-centuries-of-intercontinental-trade-migration-and-cultural-exchange-259967

    MIL OSI Analysis –

  • MIL-OSI Analysis: Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange

    Source: The Conversation – USA (3) – By Iqbal Akhtar, Associate Professor of Religious Studies, Florida International University

    Zohran Mamdani takes photos with union members during a campaign rally at the Hotel and Gaming Trades Council headquarters in New York on July 2, 2025. AP Photo/Richard Drew

    When Zohran Mamdani announced his candidacy for mayor of New York City, political observers noted his progressive platform and legislative record. But understanding the Democratic candidate’s background requires examining the rich cultural tapestry woven into his very surname: Mamdani.

    He takes the name from his father, Mahmood Mamdani, a prominent academic who was raised in Uganda and whose work focuses on postcolonial Uganda. I studied the history of the Khoja community for my doctoral work and have helped develop Khoja studies as an academic discipline. The Mamdani surname tells a story of migration, resilience and community-building that spans centuries and continents.

    The Khoja history

    Mamdanis in Uganda belong to the Khoja community, a South Asian Muslim merchant caste, that shaped economic development across the western Indian Ocean for centuries.

    The name originates from greater Sindh, a region in South Asia that today includes southeastern Pakistan and Kachchh in western India.

    Its etymology is twofold. Mām is an honorific title in Kachchhi and Gujarati languages, meaning kindness, courage and pride. Māmadō is a local version of the name Muhammad that often appeared in surnames in Hindu castes that converted to Islam, such as the Memons.

    The Khoja were categorized by the British in the early 19th century as “Hindoo Mussalman” because their traditions spanned both religions.

    Over time, the Khoja came to be identified only as Muslim and then primarily as Shiite Muslim. Today, the majority of Khoja are Ismaili: a branch of Shiite Islam that follows the Aga Khan as their living imam.

    The Mamdani family, however, is part of the Twelver community of Khoja, whose Twelfth Imam is believed to be hidden from the world and only emerges in times of crisis. Twelvers believe he will help usher in an age of peace during end times.

    Around the late 18th century, the Khoja helped export textiles, manufactured goods, spices and gems from the Indian subcontinent to Arabia and East Africa. Through this Western Indian Ocean trading network, they imported timber, ivory, minerals and cloves, among other goods.

    Khoja family firms were built on kinship networks and trust. They built networks of shops, communal housing and warehouses, and extended credit for thousands of miles, from Zanzibar in Tanzania to Bombay – now Mumbai – on the western coast of India.

    Cousins and brothers would send money and goods across the ocean with only a letter. The precarious nature of trade in this period meant that families also served as insurance for each other. In times of wealth, it was shared; in times of disaster, help was available.

    Khoja contributions in Africa

    The Khoja became instrumental in building the commercial infrastructure of eastern, central and southern Africa. But the Khoja contribution to the development of Africa extended far beyond trade.

    In the absence of colonial investment in public infrastructure, they helped build institutions that formed the foundation of the modern nation-states that emerged after colonization. The institutions both facilitated trade and established permanent communities.

    For example, the first dispensary and public school in Zanzibar were constructed by a Khoja magnate, Tharia Topan, who made his wealth through the ivory and clove trades. Topan eventually became so prominent that he was knighted by Queen Victoria in 1890 for his service to the British Empire in helping to end slavery in East Africa.

    The Khoja community continues to invest in East Africa. The most famous example is the Aga Khan Development Network, whose hospitals and schools operate in 30 countries. In places such as Kenya, Uganda and Tanzania, they are considered the best.

    Khoja in Uganda

    Like in other parts of Africa, the Khoja settled in Uganda as a liaison business community to develop a market to serve both African and European needs. The linguistic and cultural knowledge, developed over centuries, helped facilitate business despite the challenges of colonization.

    Ugandan President Idi Amin and his wife, Sarah, in Rome on Sept. 10, 1975.
    AP Photo

    However, in 1972, Ugandan dictator Idi Amin expelled all Asians – approximately 80,000 – forcing families like the Mamdanis into exile. These included indentured laborers, who were brought in to help build the railroad and farm during the British colonial period, and free traders, like the Mamdani family.

    Amin saw them all as the same and famously said: “Asians came to Uganda to build the railway. The railway is finished. They must leave now.”

    The experience was a bitter one. Families lost everything, and many left with only the clothes on their backs.

    Mahmood Mamdani, who came from a Khoja merchant family, was 26 when he was exiled. Yet, unlike most Ugandan Asians, he chose to go back. At Makerere University in Kampala, Uganda’s capital, Mamdani set up the Institute for Social Research, which helped to provide rigorous social science training to Ugandan researchers trying to improve their society.

    While the earlier generations of the Khoja tended to choose business or adjacent professions, such as accounting, the subsequent generations – particularly those educated in the West – embraced the knowledge economy as professionals, academics and nonprofit leaders.

    Several of Mahmood Mamdani’s generation of Khoja academics conducted path-breaking work on Afro-Asian solidarity – a way of thinking about the world beyond colonial categories, such as the category of religion as a separate domain from the secular. These scholars, such as Tanzania’s Issa Shivji and Abdul Sheriff, worked on creating solidarity among the newly independent states of the Global South.

    Mahmood Mamdani is known for his influential post-9/11 academic work, “Good Muslim, Bad Muslim,” which examined how Muslim identities are stereotyped. He argued that these identities are complex and varied, shaped by accumulated history and present experiences.

    Interfaith identity

    The Khoja community – known globally as the Khoja Shia Ithnasheri Muslim Community – has developed strong transnational connections. Today, they are concentrated in the United Kingdom, Canada, United States and France. However, Khoja can be found in almost any country in the world. In 2013, I met members of the community in Hong Kong.

    The Khoja community plays an important role in interfaith dialogue and global development initiatives. A prominent Ismaili Khoja, Eboo Patel, the founder of Interfaith America, has dedicated his life to pluralism and mutual understanding through building up civil society.

    Zohran Mamdani’s mother, acclaimed filmmaker Mira Nair, is Hindu by birth. This interfaith marriage exemplifies the flexibility, diversity and tolerance of Khoja Islam, which has historically navigated between Hindu and Islamic traditions.

    Whether Mamdani’s policies prove practical remains to be seen, but his background offers something valuable: a deep understanding of how communities build resilience across generations and geographies.

    Iqbal Akhtar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange – https://theconversation.com/zohran-mamdanis-last-name-reflects-centuries-of-intercontinental-trade-migration-and-cultural-exchange-259967

    MIL OSI Analysis –

  • MIL-OSI Russia: Songshan Lake: A Microcosm of China’s Innovation Ecosystem

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    GUANGZHOU, July 14 (Xinhua) — The area around Songshan Lake in southern China’s Guangdong Province exudes youthful energy. Just two decades ago, it was a quiet orchard, but now it is home to a thriving innovation hub. These days, it is not harvesting fruits, but ideas.

    The 103 square kilometer high-tech zone is home to more than 17,000 market players, including seven national manufacturing champions and 770 national high-tech enterprises. Each is contributing to the rise of next-generation technologies, from connected vehicles and robotics to intelligent engineering, biomedicine, and advanced materials and energy.

    The rapid growth of enterprises is facilitated by the innovative ecosystem of Songshan Lake, which is home to six universities and 18 provincial-level new R&D institutions. It is also home to several key scientific facilities, including the China Spallation Neutron Source and an advanced attosecond laser infrastructure currently under construction.

    The evolution of ePropulsion, co-founded by Hong Kong University of Science and Technology (HKUST) alumnus Pan Zongliang and three of his classmates, is a vivid illustration of this dynamic ecosystem.

    In 2012, recognizing the significant potential in marine renewable energy, they formed a startup team dedicated to research and development in marine electric propulsion systems. By 2014, they had completed the prototype of their first electric outboard motor. However, the process of turning this innovation into a market-ready product was fraught with challenges. The industrialization process proved to be a complex undertaking that required considerable effort and resources to manage.

    Fortunately, HKUST professor Li Zexiang founded the XbotPark robotics base in Songshan Lake area in 2014. He also facilitated the relocation of ePropulsion’s five-person staff to Songshan Lake, providing them with valuable assistance.

    “As a marine renewable energy company, we needed a water area to test our products,” explained Pan Zongliang, co-founder and COO of ePropulsion. The Songshan Lake Administrative Committee provided the team with a key asset: a special dock for conducting water tests. “It was a huge support,” Pan Zongliang recalled.

    In addition to political support, Songshan Lake’s strategic location allows XbotPark companies to take advantage of the supply chain advantages of the Guangdong-Hong Kong-Macao Greater Bay Area.

    According to the director of the XbotPark robotics base, teams working in this environment often say: “If you can imagine it, you can build it.” “Finding suppliers for good ideas can usually be completed in about thirty minutes,” he says.

    ePropulsion currently operates from a manufacturing facility in Dongguan, Guangdong Province, southern China, where Lake Songshanhu is located. The product range includes a wide range of overhead electric systems from 500 to 1000 kW, as well as overhead drives, embedded systems, batteries and control systems, which are sold worldwide.

    “Our main market is Europe and the United States, and our small and medium-sized electric outboard motors ranked first in the world in terms of shipment volume last year,” Pan Zongliang said. “The domestic market share is also growing as the new energy boat sector expands in China,” he added.

    Their eco-friendly propulsion systems now power boats at events such as SailGP and the America’s Cup, as well as on scenic waters across China, including Donghu Lake in Wuhan, West Lake in Hangzhou and the Lijiang River in Guilin.

    According to XbotPark, it has helped create more than 80 startups in the field of robotics and intelligent equipment, of which six are included in the list of unicorn companies whose estimated value has grown to a billion US dollars in a short period of time. At the same time, their survival rate has exceeded 80%. The total value of the leading companies in the base is $ 10 billion.

    Nearby, at the Guangdong Institute of Intelligent Robotics (GIRI), another industrial park near Songshan Lake, a bright yellow robot maneuvers in a test tank, rising and falling with the agility of a fish. This intelligent underwater inspection robot, developed by BlueDiveBot, conducts comprehensive inspections with no blind spots.

    “Underwater robots can perform equipment maintenance, garbage collection, water quality monitoring and emergency response, overcoming human limitations and safety risks,” said Hu Gangyi, CEO of BlueDiveBot.

    Incubated by GIRI and founded in 2023, BlueDiveBot has established a collaborative innovation platform integrating industry, education, research and application for advanced underwater equipment. The company has mastered a number of advanced technologies in the field of unmanned underwater intelligent systems, some of which are the first of their kind in the country.

    “The well-developed industrial chain in Dongguan and surrounding areas accelerates the commercialization of our R&D,” Hu Gangyi said. “We have quickly achieved the expansion of production capacity and significant growth in market sales.”

    Since its establishment in August 2015, GIRI has focused its R&D and commercialization efforts on key robotics components such as high-power lasers, sensors and machine vision systems, in addition to its core products that include industrial robots, high-end intelligent equipment, unmanned autonomous systems and industrial big data.

    GIRI Deputy Director Zhou Xiaoxiao compares prototype technologies to an “unripe green apple.” In order to become a “ripe red apple,” the technology must undergo a process of refinement, she says, and this transformation is necessary for the technology to become the basis for producing a wide range of products, including both “apple jam” and “apple juice.”

    Further development of innovation was supported by Songshan Lake High-tech Zone’s partnership with Huawei Cloud to build the “Developer Village” in April 2022. It meets the digitalization needs of enterprises through deep integration and joint innovation between various developer organizations, promoting digital innovation and industrial upgrading. Currently, 29 companies are located there.

    “The Songshan Lake High-Tech Zone has carried out cutting-edge basic research,” concluded Wang Qianqian, deputy director of the Songshan Lake Science, Technology and Innovation Bureau. “Based on the results of basic research, we have built a complete innovation chain from pioneering research to commercialization and industrial development.” -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Digital Smart Manufacturing to Benefit Industrial Transformation in SCO Countries

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    TIANJIN, July 14 (Xinhua) — Umar Suleimanov, a student from Tajikistan who chose the Chinese name Wu Mofan, actively gestures with his hands in front of a video camera, showing various configurations of his wrist and fingers, and a bionic robotic arm installed nearby, equipped with tens of hundreds of multi-dimensional tactile sensors, instantly repeats these movements as a mirror image.

    All this took place at the recent Shanghai Cooperation Organisation (SCO) Forum on Digital Economy in the northern Chinese city of Tianjin and attracted the attention of many guests from SCO countries.

    “I learned that these bionic arms can sense mechanical information, sense temperatures, and differentiate between materials and textures. They can be applied to industrial production on a large scale, and can greatly improve the production efficiency of factories through data collection, algorithm integration, and other technological systems,” said Wu Mofan, a student at Tianjin Nankai University. He hopes that China’s digital smart manufacturing solutions and products can be spread to more countries to promote local development.

    The development of digital economy is a strategic direction in the new round of technological revolution and industrial transformation. With the promotion of targeted policies and guidelines, iterative approach in technology, huge market demand and other driving factors, China has shown impressive achievements in industrial upgrading through the development of digital manufacturing.

    According to the Ministry of Industry and Information Technology of the People’s Republic of China, there are currently more than 30,000 smart factories with basic automation, over 230 smart factories with full digitalization of production, and about 421 national-level smart manufacturing demonstration factories in China. In the first quarter of 2025, the operating revenue of China’s digital sector reached 8.5 trillion yuan (about 1.19 trillion US dollars), growing 9.4 percent year on year.

    “I am very impressed that more and more AI and robotics projects are being implemented in various industrial scenarios in China. In this regard, China has made very impressive progress,” said Mehmet Bozkurt, a senior expert at the Turkish Center for Asia-Pacific Studies.

    Pan Yuanyuan, deputy director of the International Investment Department at the Institute of World Economy and Politics under the Chinese Academy of Social Sciences, attributes the rapid development of China’s digital economy to its huge population, strong market demand, and rich application scenarios. “China’s achievements and accumulated experience in the digital economy are useful for countries seeking development,” she said.

    China has repeatedly reaffirmed its determination not only to digitalize its own industry, but also to assist other SCO countries in modernizing their production by exporting more and more digital technologies.

    Among the significant projects of cooperation between China and other SCO countries in the digital economy, Song Xianrong, a responsible official for international cooperation at the State Data Administration of the People’s Republic of China, highlighted the smart railway project in Mongolia with the participation of a Chinese enterprise, thanks to which the volume of coal production in areas located along the railway increased by 3-4 times, and the cost of transporting each ton of coal decreased from 32 to 15 US dollars, and the cost of operation and maintenance of the railway fell by 50 percent.

    Another striking example of such cooperation was a joint project between the Tianjin Design and Research Institute of the Cement Industry and the oil and gas company SOUTH-OIL of Kazakhstan, in which Chinese technologies and standards for digital intelligence were introduced into the production scenario in one of the modern industrial parks in the south of Kazakhstan.

    “China provides impressive intellectual solutions in the process of digital transformation of energy and industry,” said Gulnaziya Almakhanova, head of the International Relations Department at Korkyt Ata Kyzylorda University in Kazakhstan. “We hope that China will be able to share successful experience and solutions with other members of the SCO family so that more countries can benefit from this wave of technological revolution.”

    As it became known, at the SCO Forum on Digital Economy-2025 in Tianjin, a ceremony was held to sign documents in 12 projects of cooperation on the digital economy between China, Kazakhstan, Pakistan, Egypt and other countries. These projects are related to such areas as cross-border e-commerce and the construction of “smart” cities. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • CPI inflation at 2.10% in June 2025; food inflation turns negative

    Source: Government of India

    Source: Government of India (4)

    India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.

    Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.

    On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.

    The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.

    Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.

    The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.

  • CPI inflation at 2.10% in June 2025; food inflation turns negative

    Source: Government of India

    Source: Government of India (4)

    India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.

    Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.

    On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.

    The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.

    Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.

    The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.

  • CPI inflation at 2.10% in June 2025; food inflation turns negative

    Source: Government of India

    Source: Government of India (4)

    India’s retail inflation for June 2025 has dropped to its lowest level in more than six years, according to the latest data released by the Ministry of Statistics and Programme Implementation. The provisional Consumer Price Index (CPI) shows that headline inflation for June stood at 2.10 percent for the country overall, with rural inflation at 1.72 percent and urban inflation at 2.56 percent. This marks the lowest headline CPI since January 2019, offering a significant respite to households grappling with cost pressures over recent years.

    Food inflation, which has often been the primary driver of household expenses, remained in the negative for the second month in a row. The Combined Consumer Food Price Index (CFPI) recorded a deflation of 1.06 percent in June, with rural areas seeing a 0.92 percent decline and urban areas witnessing a 1.22 percent fall in food prices. Compared to the same period last year, the drop in food inflation has been substantial, mainly due to easing prices of vegetables, pulses, cereals, milk, meat and fish, sugar and spices.

    On a month-on-month basis, headline inflation in June rose by 0.62 percent, while food inflation increased by 1.08 percent, largely in line with seasonal trends and normal price movements. Meanwhile, certain core categories continue to show moderate yet steady increases. Housing inflation in urban areas came in at 3.24 percent, slightly higher than May’s 3.16 percent. Education inflation was recorded at 4.37 percent compared to 4.12 percent in the previous month, while health expenses rose by 4.43 percent, up from 4.34 percent. Transport and communication costs remained stable, increasing marginally to 3.90 percent from 3.85 percent. Fuel and light inflation dropped to 2.55 percent from 2.84 percent in May.

    The ministry highlighted that the price data for this calculation was gathered from over 1,100 urban markets and 1,181 villages, with 100 percent coverage in rural areas and over 98 percent coverage in urban centres. This robust coverage ensures that the estimates reflect prevailing market conditions across the country.

    Economists believe that the sustained decline in food prices will offer relief to households, but they also point out that the persistent rise in services such as health, education and housing requires careful monitoring. The latest figures suggest that inflation is well within the Reserve Bank of India’s target range of 2 to 6 percent, giving policymakers more room to focus on growth and employment in the coming months.

    The final inflation report for June will be released on August 12. Until then, the latest numbers present a clear picture of easing consumer prices and a cautious optimism for economic planners who have been grappling with fluctuating global commodity prices and unpredictable weather patterns affecting agricultural output.

  • MIL-OSI: The Saudi CMA Approves a Set of Amendments Aimed at Facilitating the Process of Opening Investment Accounts for Foreign Investors

    Source: GlobeNewswire (MIL-OSI)

    RIYADH, Saudi Arabia, July 14, 2025 (GLOBE NEWSWIRE) — The Saudi Capital Market Authority (CMA) has approved a set of amendments that includes a set of facilitations related to the procedures for opening and operating investment accounts for certain categories of investors.

    The amendments aim to keep pace with regulatory and technological developments in the Kingdom of Saudi Arabia and to facilitate investment in the Saudi capital market by enhancing the procedures for opening and operating investment accounts, including the addition of new investor categories and regulating transactions related to those accounts. These changes are expected to strengthen the attractiveness of the Saudi capital market to both local and international investors, enhance investor protection, and reinforce the confidence of market participants.

    According to the announcement by CMA, the requirements for opening an investment account for individual foreign investors residing in one of the GCC countries have been revised. Additionally, the scope of securities they can directly invest in has been expanded to include the shares of listed companies in the Saudi Main market (TASI). Prior to these facilitations, their access was limited to the debt instruments market, the Parallel Market (Nomu), investment funds, and the derivatives market. Furthermore, trading in the main market was previously restricted to being a final beneficiary under a swap agreement with a Capital Market Institution or as a client of a Capital Market Institution that made investment decisions on their behalf.

    Additionally, the approved amendments introduce a new investment opportunity for who previously resided in the Kingdom or GCC countries. For the first time, these investors will continue operating their investment account and investing in listed shares in the main market even after their residency ends and they return to their home country. This change not only strengthens investor confidence but also reinforces the perception of Saudi Arabia as a long-term investment destination.

    Notably, foreign investment in the Saudi capital market has seen significant growth over the past four years. The value of foreign ownership in the market reached over SAR 500 billion by the end of Q1 2025. Net foreign investment amounted to SAR 218 billion by the end of last year, up from SAR 140 billion in 2021. The value of sustainable investments held by QFI reached approximately SAR 7.8 billion by the end of 2024, an increase of 29% compared to 2023.

    The CMA has previously introduced several improvements and development initiatives related to foreign investors, aiming to stimulate investment, enhance the market’s attractiveness and efficiency, and draw in greater foreign capital. Among the most notable of these initiatives is the announcement of allowing foreign investment in real estate listed companies operating in Makkah and Madinah.

    Contact:
    Capital Market Authority
    Communication & Investor Protection Division
    +966114906009
    +966557666932
    Media@cma.org.sa
    www.cma.org.sa

    The MIL Network –

  • MIL-OSI Europe: ASIA/SYRIA – Archbishop Jacques Mourad: Jesus wants His Church to remain in Syria

    Source: Agenzia Fides – MIL OSI

    L’Œuvre d’Orient

    by Gianni ValenteHoms (Agenzia Fides) – Archbishop Jacques Mourad returned just a few days ago from participating in the Synod of Bishops of the Syriac Catholic Church in Rome. And he had a lot to do after his return to Homs. “These days, I am celebrating the First Communion of boys and girls in the village parishes. This is a joy that touches the heart. We thank the Lord for all these signs of hope that He gives us in our poverty,” said Bishop Maurad.He weighs every word when speaking about the present situation his homeland and its people are currently experiencing. The monk of the Deir Mar Musa community, who was appointed Syriac Catholic Archbishop of Homs, Hama, and Nabek, is particularly moved by the massacre of Christians who were murdered in Damascus on June 22 while they were gathered with their brothers and sisters for Sunday Mass at St. Elias Church.The words of Bishop Jacques, who was born in Aleppo and joined the monastic community founded by the Roman Jesuit Paolo Dall’Oglio, are at times moving when he speaks about the current situation in Syria.He reiterates that “Syria as a country is at an end today.” But he also recognizes that the Church in Syria must nevertheless continue its path and its work for the good of all. And this, he says, is only happening “because this is the will of Jesus. Jesus wants His Church to remain in Syria. And the idea of emptying Syria of Christians is certainly not the will of God.”The Massacre of ChristiansThe new rulers in Damascus are trying to reassure the people. Even after the massacre at St. Elias’s Church, government representatives reiterated that Christians are an indelible part of the Syrian people. “And I would like to say,” Archbishop Mourad emphasizes, “that the government bears direct responsibility for everything that has happened. Because every government is responsible for the security of the people. And I’m not just talking about the Christians. Many Sunnis, many Alawites have also been killed, many have disappeared. If a team sent by an international organization were to inspect the prisons, they would find many people who had nothing to do with the crimes of the previous regime. I think it’s fair to say that this government is persecuting the people. The entire people.”The Syriac Catholic Archbishop of Homs also sees hostility in the new Syrian regime’s toward the baptized: “Every time I hear about ‘protecting’ Christians, I feel like we’re being accused, that we’re being threatened. These are words that don’t serve to show benevolence; they burden us. I must say that this government is doing the same things the Assad regime did against the population. Both regimes, the Assad regime and the current one, have no respect for the Syrian people and their history.”Syria is at an endSyria, according to the aArchbishop, has a great heritage and the presence of its young people. But the latest governments “seem to want to erase, to destroy this civilization, the civilization of this people. This is a global crime; it’s not just about us.””UNESCO has declared so many places in Syria as World Heritage Sites. But no one protects them. And today we must protect our living heritage, not just the monuments.”First loudspeakers, then terrorThe acronyms of terror often change their “labels.” Syrian government sources have blamed unidentified Islamic State (IS) fighters for the attack on the church in Damascus. However, the massacre of Christians was claimed by a newly formed jihadist group, Saraya Ansar al-Sunna, possibly created by defectors from Tahrir al-Sham.Marketing strategies, “professional” management of communications and propaganda.The Orthodox Christians of St. Elias Church in Damascus—as repeated by several sources and witnesses on the ground—were massacred “as punishment” after some of them had a confrontation with militant Islamists who, with car-mounted loudspeakers, continually drove up to the church, blaring Koranic verses at high volume to call for conversion to Islam. The same thing, Archbishop Jacques confirms, is happening in Homs and throughout Syria: “They drive up in state security vehicles and use loudspeakers to call on Christians to convert. But when we question the security personnel about this behavior, they reply that these are individual initiatives. People no longer believe in this government.”Western sponsorsMeanwhile, those in charge in Syria continue to seek approval from external circles and powers. Government officials have declared that they are ready to renegotiate the 1974 ceasefire with Israel.”I,” Archbishop Mourad admits, “am not a politician. And I see that almost the entire Syrian people want peace. They also want a peace agreement with Israel, for all the countries of the Middle East. After all these years, everyone is really tired of this war and of seeing the Jews as enemies. But if we were to sign an agreement with Israel now, it would only happen because Syria is weak now. And such an agreement, at a time like this, would only be another act of humiliation of the people.” “So before the president signs such an agreement,” the Archbishop continued, “he should at least speak clearly and unequivocally to the people and explain to them what such an agreement means and what it entails. What the conditions are for Israel and for the Syrians.”The Israeli army, the Syriac Catholic Archbishop of Homs continued, “has occupied many Syrian territories since the end of the Assad regime. This means that we may have to forget the Golan Heights forever. And this means that the Syrian people, especially in Damascus, will always be threatened with the instrument of thirst, because the water in Damascus comes from the Golan. And if we remain dependent on Israel for water, we can imagine other things as well…”Today, the Archbishop adds, referring to the dramatic situation in Syria: “Syria as a country is at its end. We keep repeating that it is the first country in the world, that Damascus and Aleppo are the oldest cities in the world, but that means nothing today. It is at its end; most people live below the poverty line; we are massacred and humiliated, and we are tired. We don’t have the strength to reclaim our dignity ourselves. If there is no sincere political support for the people and not for the government, we are at our end.” And: “No one should condemn the Syrian people for emigrating and seeking their fortune outside Syria. No one has the right to judge.” And this in a situation where the entire economy, the education system, and even the healthcare system are on the brink.Where to start againIs it possible to find ways forward when the horizon is so dark and there seems to be no respite? The Archbishop chooses challenging words to outline the situation and mission of the Syrian churches and Christians today.”In my opinion,” he says, “the Church is the only point of reference for hope for the entire Syrian people. For everyone, not just Christians. Because we are doing everything we can to support our people.””After the fall of Assad, many in our communities and parishes fell into crisis and fear. A terrible despair. I, too, visited the parishes, in every village, to encourage Christians and speak about the future. Thank God, I feel accompanied by the Lord each time, in the words I speak to the people. And so, in this situation, we are busy organizing regular meetings for young people, for children, for groups involved in the Church in various ways.”Even in a situation that is tragic in many respects, the normal life of the church communities continues. And it is precisely the parishes that, in a torn, painful context, are trying to promote dialogue for the coexistence of all groups and components.”In Aleppo and also in Damascus, they are truly committed. The bishops have also given lay people space to reflect and take the initiative,” the Archbishop said. “In Homs, we are trying to organize meetings with all other communities: Alawites, Ismailis, Sunnis, Christians,” he continued. “The people we meet are all concerned about the government’s policies, even the Muslims. We are united because we are all in the same boat, as Pope Francis repeatedly said.”The Encounter with Pope LeoIt was Pope Leo who asked the Syriac Catholic bishops to come to Rome to hold their Ordinary Synod in the Eternal City, which took place from July 3 to 6. “It was a wonderful opportunity to meet him, get to know him, and receive his blessing.” “I followed his speeches on the Eastern Churches and the Christian East with great attention. I used this meeting to thank him and ask him to encourage the entire Catholic Church to take the initiative to support the Syrian people, in particular, in their basic needs.”Hope is reflected in concrete works”For me,” Jacques Mourad emphasizes, “it is important that the Church work intensively on the reconstruction of schools and the entire education system in Syria.” We already have schools in Aleppo and Damascus, but they are not enough. In Homs there is nothing. We must work on this, because it can also help curb Christian emigration. All parents think about the future of their children. And if they cannot guarantee them schools where they can learn and functioning hospitals, their only choice is to leave.””We need everything. We must also revitalize pastoral and cultural centers that can accompany the human and cultural growth of our young people. And also houses for young people who want to get married. In this way, we can encourage all young people to stay in the country and not leave,” the Archbishop emphasizes. Resources are lacking, but the horizon is clear: “And this is how we can advance on the path of our Church in Syria. Because that is certainly the will of Jesus. Jesus wants his Church to remain in Syria. This idea of emptying Syria of Christians is certainly not the will of God,” he affirms. “And we, the disciples of Christ and those who bear responsibility in his name, have, first and foremost, the duty to protect our faithful and do everything possible to ensure the future of the Church in Syria,” he concluded. (Agenzia Fides, 14/7/2025)
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    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Royal Parade improvement scheme off starting block

    Source: City of Plymouth

    The fencing is up, the bus lane closed and temporary bus stops are in place around the city centre – work to change the layout of Royal Parade starts today.

    The scheme aims to reduce congestion and improve the reliability of bus services to and from the city centre by increasing the number of bus stops on the shop side and constructing a saw tooth design to make it easier and more efficient for buses to pick up and drop passengers.

    It will also see:

    • clearer information about where and what bus to get in the new shelters and upgraded Real Time Passenger Information displays
    • bigger shelters to make it easier for people with pushchairs or wheelchairs to use them. They will have living roofs to support biodiversity
    • an upgraded toucan crossing at Armada Way for pedestrians and cyclists
    • average speed camera system to replace existing static cameras, supporting a safe environment for pedestrians
    • upgraded granite paving down the length of the shop side of Royal Parade.

    The scheme, which will be carried out by Morgan Sindall, is expected to take around nine months. But while the bus lane is closed and stops have been moved, businesses along Royal Parade are very much open.

    Councillor John Stephens, Cabinet Member for Strategic Planning and Transport said: “Nearly 25 per cent of households in Plymouth do not have a car and with the city’s population expected to grow, improving sustainable travel choices is vital to keeping the city moving.

    “With 100 services an hour using Royal Parade, this is a key part of the bus network. Making improvements at this key point will cut queuing and double stacking of buses and help to make services across the city more reliable as a result.

    “I was really pleased to hear that the initial bus stop move had gone extremely smoothly and that passengers were getting the message about where to get on and off in the city centre.

    “I would also like to remind shoppers that the shops on Royal Parade are very much still open for business – we will be keeping access to businesses open throughout the scheme. So, while the bus lane is shut, businesses are very much open!”

    All bus stops on the shop side of Royal Parade between Courtenay Street and St Andrew’s Cross Roundabout have now been moved to temporary stops and information about where they are is here Royal Parade travel information | PLYMOUTH.GOV.UK

    Bus stops on Royal Parade have information on the fencing about the temporary bus stops.

    There is also information in the Plymouth Citybus shop on Royal Parade, Central Library and in bus shelters at key destinations around the city.  

    The Plymotion Team and project team will also be on the ground every weekday until Friday 18 July to hand out information leaflets and make sure everyone knows where to get their bus from.

    City Centre Company Chief Executive Steve Hughes said: “We’re pleased to see this important scheme start and we know that once its finished, it will create a more pleasant experience for passengers coming in and out of the city centre.

    “Businesses along Royal Parade are very much open during the work and we know the contractors and the project team are liaising with them. We in the City Centre Company are also here to support our businesses – free pop-up space in the city centre is available for our businesses for instance. It is fantastic to see this scale of investment in the city centre.”

    MIL OSI United Kingdom –

  • MIL-OSI Banking: ADB Approves $101 Million Loan to Strengthen Drinking Water Services in West Bengal

    Source: Asia Development Bank

    ADB has approved a $101 million loan as additional financing to the ongoing West Bengal Drinking Water Sector Improvement Project to scale up access to safe, sustainable, and inclusive drinking water services in rural West Bengal, particularly in areas affected by arsenic, fluoride, and salinity contamination.

    MIL OSI Global Banks –

  • MIL-OSI Africa: Unlocking Opportunity: How India can Harness the Africa Corridor to Grow Merchandise Exports (By Shivank Goel)

    Source: APO


    .

    By Shivank Goel, an Indo-Africa Corridor Specialist at RMB (www.RMB.co.za)

    At GTR Africa 2025, a diverse panel of experts – including representatives from the Reserve Bank of India’s research wing, MSME chambers and leading financial institutions – explored the question of how India can double its export trade to reach the government’s target of $2 trillion by 2030. In 2024, India’s exports of goods and services were estimated at over $800 billion, up 5.6% year on year. Yet services continue to outpace goods, with an eight-percentage-point lead in growth.

    For India to achieve a more balanced export profile and reach its national targets, boosting merchandise exports is imperative. Africa stands out as a significant factor in helping India achieve its ambitious goals, particularly as a market for Indian merchandise exports. Financial institutions have a substantial role to play in supporting this trade and unlocking the opportunities within the India-Africa corridor.

    A growth market with strategic alignment 

    Africa is home to some of the fastest-growing economies in the world. Across sectors such as infrastructure, pharmaceuticals, automotive components, agriculture, and consumer goods, Indian products are already gaining traction. Shared cultural and historical ties, a largely English-speaking business environment, and similar developmental goals in education, technology, healthcare, and infrastructure position the two regions as natural trade partners. 

    With the establishment of the African Continental Free Trade Area (AfCFTA), Africa is poised to become more integrated with an addressable market of 1.2 billion people, $3.4 trillion in GDP, and reduced intra-continental tariffs. This transforms the way Indian exporters can approach the region, moving from fragmented country-specific strategies to viewing Africa as a unified, high-growth destination, not only for trade but also for embedding into the region as a way to participate in the global value chain.

    Financial and structural hurdles to overcome 

    Although this opportunity is promising, Indian exporters, particularly micro, small and medium enterprises (MSMEs), face several challenges in navigating African markets. One of the most significant hurdles is logistical complexity, including infrastructure constraints in certain regions, which can disrupt supply chains and increase the cost and time of moving goods across borders.

    Another key concern is partner and counterparty risk. In many cases, assessing the creditworthiness of potential trading partners is difficult, and this uncertainty can deter Indian firms from entering new markets. Exporters must also contend with foreign exchange volatility and concerns about the timely and secure repatriation of funds, which can further complicate trade with certain African countries.

    In addition, many exporters – particularly newer or smaller firms – struggle to access the working capital and trade finance required to scale operations or explore new markets. These financing gaps can limit their ability to take advantage of the growing opportunities presented by Africa’s expanding consumer base and regional trade integration.

    Overcoming these barriers requires a holistic financial approach that combines a deep understanding of local markets with tailored credit solutions, risk mitigation tools, and long-term partnership models.

    Digitisation is a critical enabler of trade finance 

    As global trade becomes increasingly volatile due to shifting tariffs, regulatory uncertainty, and tightening cycles, efficiency and agility are critical. Digital transformation plays a pivotal role in reducing costs and improving access to finance.

    Innovations such as e-bills of lading, blockchain-based guarantees, and the use of machine learning and AI for document verification and compliance checks can reduce delays and human error in cross-border trade processes. While traditional trade finance cycles can take 60 to 90 days, digital solutions allow exporters to respond quickly to market changes and manage cash flow more effectively.

    Banks and financiers investing in African-led digitisation efforts are well placed to support Indian exporters entering or expanding in the region. By building digital platforms that align with local regulatory environments and business norms, financial partners can help unlock a new era of trade connectivity between the two regions. 

    Leveraging AfCFTA for regional and global value chains 

    One of the most powerful tools available to Indian exporters is the ability to use Africa not just as an end market but also as a base for regional and global value chain participation. With AfCFTA aiming to eliminate trade barriers between African nations, a company that invests or establishes operations in one country could potentially access the entire continent tariff-free. 

    This opens new opportunities to move up the value chain through manufacturing, technology transfer, and joint ventures that foster local capacity while increasing India’s global trade footprint. It also encourages long-term thinking and investment in the corridor, for shared prosperity, rather than short-term export opportunism. 

    The need for skills and inclusive innovation 

    Export growth cannot happen in a vacuum. Both India and Africa need to invest in upskilling and reskilling their workforces, particularly in fields like engineering, logistics, manufacturing, and infrastructure. Encouraging more people to pursue careers in these sectors is essential in building long-term trade resilience. 

    Technology must be made accessible and inclusive, with tools and training offered in local languages and tailored to diverse educational backgrounds. The goal is not to replace people with machines, but to empower people to work more effectively with technology, enhancing efficiency, accuracy, and productivity, particularly in the areas of financing and trade compliance. 

    The role of diplomacy 

    India’s growing diplomatic and economic engagement with Africa is already yielding results. During its presidency of the G20 in 2023, India championed the inclusion of the African Union as a permanent member, highlighting its ambition to serve as a voice for the Global South. 

    Today, India is collaborating with African nations on digital infrastructure, payment platforms, energy projects, naval cooperation, and more. From tech stack adoption in countries like Ghana and Angola, to partnerships between Indian public sector firms and African energy providers, the bilateral relationship is rapidly deepening. 

    To accelerate trade, policy frameworks on both sides must evolve to support openness, competition, and innovation. Incentives for exporters, joint R&D investments, streamlined customs procedures, and predictable regulations will all play a critical role. 

    Building a corridor for shared prosperity 

    The India–Africa trade corridor represents one of the most promising frontiers for growing Indian merchandise exports in the coming decade. The geopolitical environment is increasingly supportive, and there is significant scale and numerous synergies that can be leveraged for expansion.  

    By investing in digital transformation, financial access, skills development, and long-term policy alignment, stakeholders across the trade ecosystem, from governments and banks to MSMEs and large corporates, can build a corridor that delivers shared growth and resilience. Africa is not just a market to be tapped; it has the potential to become a strategic partner for India in shaping the future of global trade. 

    Distributed by APO Group on behalf of Rand Merchant Bank.

    About the Author:
    Shivank Goel is an Indo-Africa Corridor Specialist at RMB. He was a panellist at GTR Africa 2025, contributing to the discussion on policy and finance strategies to accelerate India’s merchandise exports and strengthen the India–Africa trade corridor. 

    MIL OSI Africa –

  • MIL-OSI: Hyperscale Data Reduces Debt by Over $20 Million, Strengthens Balance Sheet Ahead of Planned Michigan AI Data Center Expansion

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 14, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced it has reduced its outstanding debt by more than $20 million, representing a significant milestone in its transformation into a pure-play artificial intelligence (“AI”) data center platform.

    This material debt reduction strengthens the Company’s financial position as it prepares to advance the development of its 617,000-square-foot data center in Michigan into a major hub for AI infrastructure. The move underscores Hyperscale Data’s focus on long-term capital discipline, operational execution and value creation for stockholders.

    “This $20 million reduction in debt is an important step for Hyperscale Data,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “By strengthening our balance sheet, we’re better positioned to accelerate the buildout of our Michigan AI facility, an asset we believe is poised to become a premier AI data center location in North America. Further, we expect to soon announce that we have begun the procurement of critical components necessary to support the requirements of an AI data center as well as begin work on increasing the existing capacity to deploy an additional 40 megawatts (‘MW’) of power.”

    Following the reduction, the Company believes its remaining debt is relatively insignificant in the context of its strategic growth plans. With a more agile capital structure, Hyperscale Data is now focused on scaling operations, onboarding enterprise and hyperscale customers and unlocking the full potential of its infrastructure.

    In February 2025, the Company’s indirect, wholly owned subsidiary, Alliance Cloud Services, LLC (“ACS”), reached an agreement in principle with its primary local utility to expand available power from approximately 30 MW to 300 MW. Completion of this upgrade is expected to take approximately 44 months from the execution of a formal letter of authorization, which is currently under negotiation.

    Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power. This portion of the project is expected to be completed within 18 months of executing definitive agreements. In total, these upgrades would expand the facility’s capacity to approximately 340 MW. Once completed, the facility is expected to support hyperscale cloud providers, AI model training and enterprise computing use cases spanning machine learning, advanced analytics and real-time inference.

    The Company sees strong validation in the market for large-scale AI data centers. For example, Applied Digital Corporation recently secured a 15-year hosting contract with CoreWeave, Inc., expected to generate over $7 billion in aggregate revenue from 250 MW of AI and high-performance computing (“HPC”) infrastructure.

    Hyperscale Data intends to complete its previously announced separation from Ault Capital Group, Inc. (“ACG”) by year-end 2025. After the separation, Hyperscale Data will operate as a focused, standalone AI infrastructure business.

    “Our number one priority remains the Michigan buildout,” added Ault. “As AI and enterprise compute demand continues to grow, we believe this project can unlock significant long-term value. Today’s debt reduction enhances our ability to execute on this vision with greater speed and flexibility.”

    Successful execution of the Company’s data center strategy will require considerable capital investment and the ability to secure long-term partnerships with leading technology firms. Completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades and other expenditures; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Hyperscale Data Reduces Debt by Over $20 Million, Strengthens Balance Sheet Ahead of Planned Michigan AI Data Center Expansion

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 14, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced it has reduced its outstanding debt by more than $20 million, representing a significant milestone in its transformation into a pure-play artificial intelligence (“AI”) data center platform.

    This material debt reduction strengthens the Company’s financial position as it prepares to advance the development of its 617,000-square-foot data center in Michigan into a major hub for AI infrastructure. The move underscores Hyperscale Data’s focus on long-term capital discipline, operational execution and value creation for stockholders.

    “This $20 million reduction in debt is an important step for Hyperscale Data,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “By strengthening our balance sheet, we’re better positioned to accelerate the buildout of our Michigan AI facility, an asset we believe is poised to become a premier AI data center location in North America. Further, we expect to soon announce that we have begun the procurement of critical components necessary to support the requirements of an AI data center as well as begin work on increasing the existing capacity to deploy an additional 40 megawatts (‘MW’) of power.”

    Following the reduction, the Company believes its remaining debt is relatively insignificant in the context of its strategic growth plans. With a more agile capital structure, Hyperscale Data is now focused on scaling operations, onboarding enterprise and hyperscale customers and unlocking the full potential of its infrastructure.

    In February 2025, the Company’s indirect, wholly owned subsidiary, Alliance Cloud Services, LLC (“ACS”), reached an agreement in principle with its primary local utility to expand available power from approximately 30 MW to 300 MW. Completion of this upgrade is expected to take approximately 44 months from the execution of a formal letter of authorization, which is currently under negotiation.

    Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power. This portion of the project is expected to be completed within 18 months of executing definitive agreements. In total, these upgrades would expand the facility’s capacity to approximately 340 MW. Once completed, the facility is expected to support hyperscale cloud providers, AI model training and enterprise computing use cases spanning machine learning, advanced analytics and real-time inference.

    The Company sees strong validation in the market for large-scale AI data centers. For example, Applied Digital Corporation recently secured a 15-year hosting contract with CoreWeave, Inc., expected to generate over $7 billion in aggregate revenue from 250 MW of AI and high-performance computing (“HPC”) infrastructure.

    Hyperscale Data intends to complete its previously announced separation from Ault Capital Group, Inc. (“ACG”) by year-end 2025. After the separation, Hyperscale Data will operate as a focused, standalone AI infrastructure business.

    “Our number one priority remains the Michigan buildout,” added Ault. “As AI and enterprise compute demand continues to grow, we believe this project can unlock significant long-term value. Today’s debt reduction enhances our ability to execute on this vision with greater speed and flexibility.”

    Successful execution of the Company’s data center strategy will require considerable capital investment and the ability to secure long-term partnerships with leading technology firms. Completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades and other expenditures; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Hyperscale Data Reduces Debt by Over $20 Million, Strengthens Balance Sheet Ahead of Planned Michigan AI Data Center Expansion

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 14, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced it has reduced its outstanding debt by more than $20 million, representing a significant milestone in its transformation into a pure-play artificial intelligence (“AI”) data center platform.

    This material debt reduction strengthens the Company’s financial position as it prepares to advance the development of its 617,000-square-foot data center in Michigan into a major hub for AI infrastructure. The move underscores Hyperscale Data’s focus on long-term capital discipline, operational execution and value creation for stockholders.

    “This $20 million reduction in debt is an important step for Hyperscale Data,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “By strengthening our balance sheet, we’re better positioned to accelerate the buildout of our Michigan AI facility, an asset we believe is poised to become a premier AI data center location in North America. Further, we expect to soon announce that we have begun the procurement of critical components necessary to support the requirements of an AI data center as well as begin work on increasing the existing capacity to deploy an additional 40 megawatts (‘MW’) of power.”

    Following the reduction, the Company believes its remaining debt is relatively insignificant in the context of its strategic growth plans. With a more agile capital structure, Hyperscale Data is now focused on scaling operations, onboarding enterprise and hyperscale customers and unlocking the full potential of its infrastructure.

    In February 2025, the Company’s indirect, wholly owned subsidiary, Alliance Cloud Services, LLC (“ACS”), reached an agreement in principle with its primary local utility to expand available power from approximately 30 MW to 300 MW. Completion of this upgrade is expected to take approximately 44 months from the execution of a formal letter of authorization, which is currently under negotiation.

    Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power. This portion of the project is expected to be completed within 18 months of executing definitive agreements. In total, these upgrades would expand the facility’s capacity to approximately 340 MW. Once completed, the facility is expected to support hyperscale cloud providers, AI model training and enterprise computing use cases spanning machine learning, advanced analytics and real-time inference.

    The Company sees strong validation in the market for large-scale AI data centers. For example, Applied Digital Corporation recently secured a 15-year hosting contract with CoreWeave, Inc., expected to generate over $7 billion in aggregate revenue from 250 MW of AI and high-performance computing (“HPC”) infrastructure.

    Hyperscale Data intends to complete its previously announced separation from Ault Capital Group, Inc. (“ACG”) by year-end 2025. After the separation, Hyperscale Data will operate as a focused, standalone AI infrastructure business.

    “Our number one priority remains the Michigan buildout,” added Ault. “As AI and enterprise compute demand continues to grow, we believe this project can unlock significant long-term value. Today’s debt reduction enhances our ability to execute on this vision with greater speed and flexibility.”

    Successful execution of the Company’s data center strategy will require considerable capital investment and the ability to secure long-term partnerships with leading technology firms. Completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades and other expenditures; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Exoben Opens Private Investment Round to Power the Future — One Project, One Continent, One Breakthrough at a Time

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, Delaware, July 14, 2025 (GLOBE NEWSWIRE) — Something big is unfolding quietly, not in Silicon Valley or Wall Street, but between the gold-rich hills of Ghana and the research labs of Texas. And now, the doors are open for U.S. investors to step in and take part in a bold movement that’s already in motion.

    Exoben

    Exoben Inc., a Delaware-based energy and mining company, has launched its new private investment round to accelerate projects that could change how two continents, and eventually the world, build their clean energy future. It’s not a startup with vague promises. It’s a company that’s already building: gold operations are underway, solar grids are being installed, and battery technologies are progressing in real labs with real scientists.

    At the center of it all is a simple but powerful idea: what if African resources and American innovation could come together, not just to build wealth, but to build a better system?

    “We’re not looking for people to just invest in Exoben. We’re inviting them to believe in a new story,” said Kofi Akomeah, the company’s founder and CEO. “This story is about fairness, about possibility, and about putting capital where it can do more than multiply, it can matter.”

    A Vision That’s Already in Motion

    Exoben’s work spans two continents. In Ghana, the company is preparing to recover hundreds of thousands of ounces of gold from surface stockpiles using modern, responsible mining techniques. In parallel, it’s also gearing up to reprocess over 20 million tonnes of historic mine material, turning environmental liabilities into economic assets.

    Meanwhile, on both sides of the Atlantic, Exoben’s scientists are developing a new generation of energy storage systems. Its lithium battery design targets EV ranges of up to 1,500 kilometers per charge, a milestone that could shift the entire electric mobility industry. The company’s sodium battery line, built for affordability and durability, is aimed at homes, rural clinics, and off-grid villages that still rely on candles and diesel.

    These are not far-off goals. They are engineering projects with physical infrastructure, real R&D sites in Ghana and Texas, and deployment strategies already in motion.

    Exoben is also rolling out solar energy systems, starting with 1,000 homes in rural Ghana, with a target to reach two million in the years ahead. EV charging stations are under development in cities that have never had them before.

    The message is simple: the future is not waiting. And neither is Exoben.

    “I’ve spent over two decades in the technology world,” Akomeah added. “What I’ve seen is that Africa doesn’t need charity, it needs partners. And the U.S. doesn’t need to compete with the continent; it can grow with it. That’s what Exoben is doing. We’re creating a platform that brings the best of both worlds together.”

    Why Investors Are Paying Attention

    What makes this opportunity different isn’t just the scale or the speed, it’s the heart. Exoben has combined real-world resources, secured concessions, and advanced science with a leadership team that’s deeply committed to doing things right. It’s not only about revenue projections (though they are strong), but also about impact, the kind that shapes markets, builds lives, and creates jobs where they’re needed most.

    Preferred shares are being offered at $1.50. Participation is limited to accredited investors under U.S. securities law and international equivalents. All applicants will go through a screening process to ensure alignment with the company’s mission and standards.

    “We’re offering more than shares,” Akomeah said. “We’re offering a chance to be remembered for backing something that changed the course of how we power the world, from the ground up.”

    About Exoben Inc.

    Exoben Inc. is an energy, mining, and technology company headquartered in Wilmington, Delaware, with key operations in Ghana. It is focused on responsible gold production, next-generation batteries, solar energy systems, and electric vehicle infrastructure. The company’s mission is to bridge global innovation with African opportunity to deliver sustainable solutions that work for people, for communities, and for the planet.

    Media & Investor Inquiries

    Exoben Media Relations
    press@exoben.com
    www.exoben.com/investors
    Wilmington, Delaware | Accra, Ghana

    The MIL Network –

  • MIL-OSI: Dime Adds Lender Finance Vertical

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., July 14, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Jason Brenner and Zack Schwartz were named Co-Heads of a newly established Lender Finance vertical.

    Brenner was most recently Managing Director and Head of Originations for Non-Real Estate Lender Finance at AXOS Bank. Schwartz was most recently Director and Underwriting Team Lead at First Citizens Bank. Both will be based in Manhattan and report to Shawn Gines, Executive Vice President, Corporate and Specialty Finance.

    Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “We are excited to announce the hiring of Jason and Zack. They will each play an integral role in the continued diversification of Dime’s commercial lending businesses. Adding their expertise allows us to deepen our focus on lender finance, with a dedicated vertical to support our private equity and private credit clients.”

    Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending, said, “We continue to diversify our client offerings and with the addition of Lender Finance, we now have five distinct verticals (Healthcare, Lender Finance, Mid-Corporate, Fund Finance and Not-For-Profit Lending) that will contribute to our future growth. Jason and Zack’s background and experience will continue to accelerate our platform buildout.”

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    Dime Community Bancshares, Inc.
    Investor Relations Contact:
    Avinash Reddy
    Senior Executive Vice President – Chief Financial Officer
    Phone: 718-782-6200; Ext. 5909
    Email: avinash.reddy@dime.com

    ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    FORWARD-LOOKING STATEMENTS
    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

    The MIL Network –

  • MIL-OSI: Employees seek leadership development—but access gaps may hold them back, new report finds

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 14, 2025 (GLOBE NEWSWIRE) — InStride’s newly released 2025 Talent Priorities Report reveals that employees are ready to grow into leadership roles, but employers may be overlooking what’s required to support that growth. In the national survey, 90% of employees expressed interest in leadership development. Among those who expressed strong interest, mid-career professionals (29–44) made up the largest group.

    Two out of three HR leaders surveyed also indicated that leadership development is a top focus—suggesting alignment in principle, if not yet in practice.

    A disconnect between talent gaps and access gaps

    Despite this widespread enthusiasm for growth, the report uncovers a disconnect between HR priorities and employee needs. HR leaders are focused on solving talent gaps through retention, attraction, and upskilling, while employees point to access gaps, especially education, as the key to unlocking their growth. In fact, 78% of employees say they’d be more likely to pursue learning if tuition were paid upfront.

    Lauren King, Vice President of Talent Strategy and Workforce Development at Novant Health, remarked on the report’s findings: “You can’t use the word gap unless you’re willing to build a bridge.”

    Additional findings from the 2025 Talent Priorities Report

    Beyond demand for leadership development and disconnect between access and talent priorities, the report surfaced three other key findings shaping talent strategy in 2025:

    1. Education drives loyalty
      61% of employees say education benefits make them more likely to stay, and 65% say they influence where they apply. HR leaders, meanwhile, rank retention, attraction, and upskilling as their biggest talent challenges.
    2. Appetite for AI is widespread
      71% of employees are focused on growing AI skills through education, and 54% of HR leaders are looking for AI-powered education solutions.
    3. Skills-first approaches matter
      Both groups value job-aligned skills, whether gained through degrees or short-term credentials. Certification interest jumped from 28% to 34% year-over-year.

    Report insights spark discussion on next steps for employers

    The 2025 Talent Priorities Report draws from two national surveys conducted in early 2025: one of 1,000+ employees and another of 100+ HR and L&D leaders across industries.

    InStride, a leading provider of strategic education and skilling solutions, gave an early look at the findings at the company’s annual IMPACT summit in a panel featuring speakers from Novant Health and the Aspen Institute’s UpSkill America initiative, moderated by Nick Greif, InStride Vice President of Corporate Partnerships and External Affairs.

    “Talent gaps and access gaps are often two sides of the same coin,” said Greif. “When 78% of employees say they’d be more likely to pursue education if their employer paid tuition upfront, that’s a signal of interest and a call to action. However, most employers put up barriers like reimbursement schemes, clawbacks, and grade requirements that reduce the exact employee outcomes they are seeking. The good news is, solving for access is one of the clearest steps employers can take to unlock talent.”

    About InStride
    InStride solves corporate talent challenges with strategic education and skilling solutions. By breaking down barriers to learning, fostering career growth aligned with organizational goals, and simplifying program management, InStride delivers lasting impact. Named to TIME’s list of the World’s Top EdTech Companies of 2025, InStride partners with forward-thinking companies to drive meaningful social and business outcomes by providing access to life-changing education. Visit instride.com or follow InStride on LinkedIn for more information and up-to-date news.

    Contact:
    Sophia Puglisi, Communications Manager at InStride, sophia.puglisi@instride.com, 805-889-6273

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ef7f12c-afbe-4c43-8813-96a4a290194a

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Singapore Exchange Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Singapore Exchange Ltd. (SGX: S68; OTCQX: SPXCY, SPXCF), Asia’s most international multi-asset exchange operating equity, fixed income, currency and commodity markets, has qualified to trade on the OTCQX® Best Market.

    Singapore Exchange Ltd. begins trading today on OTCQX under the symbols “SPXCY, SPXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Singapore Exchange Ltd.’s move to the OTCQX Market underscores the importance of providing transparent and accessible trading for U.S. investors. International companies and exchanges trading on OTCQX meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are excited to welcome Singapore Exchange Ltd. to the growing roster of international exchanges trading on the OTCQX Market,” said Jason Paltrowitz, OTC Markets EVP of Corporate Services. “This demonstrates our shared commitment to helping Asia-based companies leverage their home market listing to gain access to the U.S. through expanded cross-trading opportunities.”

    “As SGX expands its footprint in the U.S., with a rising share of our derivatives products traded during U.S. and European hours, we’ve seen growing interest from U.S.-based investors,” said Daniel Koh, Chief Financial Officer of Singapore Exchange (SGX Group). “Trading SGX shares on the OTCQX Market will further enhance our visibility and make it easier for U.S. investors to participate in our growth story. As a leading international multi-asset exchange headquartered in AAA-rated Singapore, we will continue to enhance liquidity across our pan-Asian products to meet the increasing global demand for Asian exposure.”

    About Singapore Exchange Ltd. (SGX Group)
    SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Singapore Exchange Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Singapore Exchange Ltd. (SGX: S68; OTCQX: SPXCY, SPXCF), Asia’s most international multi-asset exchange operating equity, fixed income, currency and commodity markets, has qualified to trade on the OTCQX® Best Market.

    Singapore Exchange Ltd. begins trading today on OTCQX under the symbols “SPXCY, SPXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Singapore Exchange Ltd.’s move to the OTCQX Market underscores the importance of providing transparent and accessible trading for U.S. investors. International companies and exchanges trading on OTCQX meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are excited to welcome Singapore Exchange Ltd. to the growing roster of international exchanges trading on the OTCQX Market,” said Jason Paltrowitz, OTC Markets EVP of Corporate Services. “This demonstrates our shared commitment to helping Asia-based companies leverage their home market listing to gain access to the U.S. through expanded cross-trading opportunities.”

    “As SGX expands its footprint in the U.S., with a rising share of our derivatives products traded during U.S. and European hours, we’ve seen growing interest from U.S.-based investors,” said Daniel Koh, Chief Financial Officer of Singapore Exchange (SGX Group). “Trading SGX shares on the OTCQX Market will further enhance our visibility and make it easier for U.S. investors to participate in our growth story. As a leading international multi-asset exchange headquartered in AAA-rated Singapore, we will continue to enhance liquidity across our pan-Asian products to meet the increasing global demand for Asian exposure.”

    About Singapore Exchange Ltd. (SGX Group)
    SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI Asia-Pac: Analytical Accounts of the Exchange Fund

    Source: Hong Kong Government special administrative region

    Analytical Accounts of the Exchange Fund 
    Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$9.5 billion to HK$3,596.2 billion.
     
    The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$2,120.2 billion.
     
    Claims on the private sector in Hong Kong amounted to HK$349.4 billion.
     
    Foreign liabilities amounted to HK$31.0 billion.
     
    The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
     
    *********************************************************
     
    At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s SDDS. The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of July 2025, the scheduled dates for issuing the press releases are as follows:
     

    July 7
    (Issued)(Hong Kong’s Latest Foreign Currency Reserve Assets Figures) (Analytical Accounts of the Exchange Fund) 
     Foreign Currency Liquidity Currency Board AccountIssued at HKT 19:14

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Remittix Announces XRP-Compatible On-Ramp Solution as Part of Cross-Border Payment Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — As part of a bold effort to revolutionize worldwide remittance trends, Remittix (RTX) has unveiled a new XRP-based on-ramp option where users can trade Ripple’s native cryptocurrency directly to fiat currencies in its cross-chain wallet.

    This innovation puts Remittix on the same level as digital payment giants but with a quick, hassle-free doorway to real-world transactions.

    The shift is synchronized with booming XRP news, as the token keeps gaining momentum as an institutional payment backbone. By being compatible with XRP, Remittix takes advantage of an established blockchain infrastructure that is already optimized for speed, cost and reach globally.

    The XRP integration is just one piece of Remittix’s larger mission to be a crypto-to-fiat gateway that works everywhere. Having built up the experience with ETH, BTC, DOGE, SOL and now XRP, Remittix is meeting growing demand for low-gas-fee coins that deliver utility in the real world.

    The XRP-powered update precedes the highly anticipated Q3 beta launch of the Remittix wallet, which debuted live on YouTube in a preview recently. The wallet features non-custodial access, point-of-need crypto conversion and direct bank deposit, making it a front-runner in the emerging PayFi category of financial services.

    Enabling Remittix Adoption and Token Uptake

    Having sold more than 550 million RTX tokens and having raised more than $16 million through its presale so far, Remittix is rapidly closing in on its $18 million soft cap.

    The project’s momentum is due to several factors, including:

    • Recognition by analysts who feature RTX among the best cryptocurrencies to buy now
    • A strong real-world use case in international payments and remittances
    • Innovative DeFi functionality and remittance-enabling architecture
    • A generous 50% token bonus in the ongoing presale
    • A live token price of $0.0811 amid strong early demand

    With growing adoption, Remittix is aiming to become:

    • One of the best crypto presales of 2025
    • A promising next 100x cryptocurrency
    • A leader among cross-chain DeFi projects
    • A crypto asset with passive income potential

    Looking Ahead

    Remittix’s latest update further strengthens its role as a Layer 2 Ethereum alternative for mainstream finance. Now with XRP support turned on, Remittix further adds to its usability as a crypto solution focusing on real-world use cases, especially in underbanked payment corridors of Latin America, Africa and Southeast Asia.

    As XRP headlines and centralized exchanges face new scrutiny, Remittix offers a compliant, decentralized solution that marries crypto usability with fiat liquidity.

    Find out more about Remittix at the:

    Remittix Website

    Whitepaper & Presale Info

    Watch Wallet Preview on YouTube

    Contact: Andy Černý andy@remittix.io

    Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3ae70f98-ac11-4d9d-a6c5-9be4bf411107

    https://www.globenewswire.com/NewsRoom/AttachmentNg/91536e83-641e-4596-881e-06430c54d6ce

    The MIL Network –

  • MIL-OSI: Castellum, Inc. Publishes Letter to Shareholders

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., July 14, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (the “Company” and “Castellum”), a cybersecurity, electronic warfare, and software services and solutions company focused on the federal government, releases this letter to shareholders from Chief Executive Officer (“CEO”), Glen Ives.

    Dear Fellow Shareholders:

    With this month marking the one-year anniversary of my time as your CEO, I thought it an opportune time to thank you sincerely for your support and confidence in Castellum, Inc., re-emphasize how incredibly honored I continue to be to have this opportunity to lead our CTM team, provide a very brief update on our significant progress over this past year, and explain why I continue to be encouraged, confident, and genuinely excited for all of us at CTM as we look ahead.

    Since I assumed my role as your CEO on July 1st of last year, CTM has quickly and strategically transitioned from our four-year Phase 1 “start-up” period, during which we were focused on acquiring and integrating seven companies and uplisting to the NYSE American LLC (“NYSE American”). Last July, we made a strategic pivot to Phase 2, focusing on strengthening our foundational platform through organic growth. As I have affirmed constantly, time and again since last summer, our Phase 2 strategy is based upon a total, 100%, uncompromising, “all hands” commitment to organic growth.

    Over the past year, our CTM Team has been improving and energizing every aspect of our Company to compete in the “full and open” arena, as defined by the government, as a “large” business. We are completely integrated across CTM in every business function and have been laser focused on strengthening business development (“BD”) and organic growth through a broadening, deepening, and quality improvement of our opportunity pipeline and significantly enhancing our prospective capabilities in the key BD areas of opportunity development, capture management, and proposal development.

    Here’s a brief recap of what we have accomplished since July 1, 2024:

    • Leadership team restructured and strengthened with greater industry and technology experience:
    • Raised over $16 million through public offerings and warrant exercises;
    • Reduced our long-term debt to less than $5 million today;
    • Strong and healthy balance sheet – Improved cash/equity to debt ratio;
    • Won largest prime contract in CTM history with $103.3 million, a 5.5-year contract for Special Missions support of the Naval Air Systems Command Program Office PMA 290 Special Missions;
    • Established two mentor-protégé relationships and related joint ventures with woman-owned and native Hawaiian organizations;
    • Established a new subsidiary to focus on advanced technology products;
    • Consistent “best in industry” contractor performance assessment reports (“CPARS”), which is our “report card” from our government customers; and
    • Significant improvement and increases in the volume and quality of our proposals … for baseball fans, we want to get more at-bats, take more swings at the right pitches, get on base more with a good balance of singles, doubles, triples, and home runs.

    Today, we are an intensely competitive, leading-edge technology services and solutions team committed to national security and our warfighters. We provide relevant, timely, and world-class mission services and solutions to our defense and federal civilian customers through our government-awarded contracts. We bring unparalleled capabilities in software and systems engineering and integration, software development, and model-based systems engineering across every technology domain and mission area vital to our government mission customers. Going forward, our new advanced technology products subsidiary will complement our historic strong suit of tech-enabled services with the tech itself.

    Relevant, powerful, high-demand, high-value technology domains and mission capabilities:

    • Software development, software and systems engineering, systems integration, model-based systems engineering;
    • Electronic and information warfare;
    • Cybersecurity, AI/ML, data analytics, digital modernization, C5ISR;
    • Data and intelligence analysis; and
    • Strategic mission, policy planning, and development.

    At the very core, we have built and are building a premier, cohesive team – I couldn’t be prouder of the whole team we have built, top to bottom, left to right. We have brought together seven different companies, professionals from outside those organizations, and built an integrated and focused team that has been responsible for the many positive things that have happened, are happening, and will continue to happen.

    • With the equity raises, we will be able to lean into investments we are already making – business development and IT for organic growth, and it will allow us to pursue growth by acquisitions;
    • Contract wins will build success – credibility, service, and revenue;
    • Strong CPARS speaking to the high quality of our work;
    • Increase in proposals – improves our opportunities for winning; and
    • With our mentor-protégé joint ventures, we grow our business and help establish two worthy companies.

    We are now where we wanted to be when we first uplisted to the NYSE American in October 2022. We have now raised the capital we intended to support our organic and inorganic growth strategies. Since the time of uplisting, we have honed our skills and integrated our teams to be a better, stronger company. We are committed to winning and growing contracts, as well as making strategic acquisitions, to achieve our goal of becoming a large, premier defense company.

    Achieving these goals will lead to enhanced shareholder value for you, our shareholders, a stronger national defense, and more opportunities for our Castellum professionals. Over the past year, you have seen part of what we can do. In the coming years, we plan to achieve much, much more.

    Sincerely,

    /s/ Glen Ives, CEO

    About Castellum, Inc. (NYSE-American: CTM):

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com.

    Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: statements regarding the Company’s expectations for proposal, contract, and revenue growth, building value, serving our shareholders, and profitability; the Company’s ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential equity financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:
    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    info@castellumus.com
    https://castellumus.com

    The MIL Network –

  • PMKVY trains 1.63 crore in 10 years, empowers workforce across traditional and emerging sectors

    Source: Government of India

    Source: Government of India (4)

    PMKVY has evolved from a large-scale training initiative into a dynamic tool for national development. After its initial pilot skilled almost 20 lakh candidates, PMKVY 2.0 expanded to strategically support the ‘Make in India’ and ‘Digital India’ campaigns, training 1.10 crore candidates. PMKVY 3.0 focused on precision-targeted training, seamlessly aligning with the National Education Policy and rapidly equipping COVID-19 frontline workers to meet the nation’s most urgent needs. This phase integrated training modules such as the Customised Crash Course Programme for COVID Warriors (CCCP for CW) and the Skill Hub Initiative (SHI), which mainstreamed vocational training with general education as envisaged under the National Education Policy, 2020. Under PMKVY 4.0, over 25 lakh candidates have been trained in the last three years, bringing the total number of trained candidates to 1.63 crore. The training imparted under PMKVY makes candidates employable in diverse industries like manufacturing, construction, healthcare, IT, electronics, and retail.

    Since its inception in 2015, PMKVY has steadily evolved into a key pillar of the Skill India Mission (SIM), aiming to bridge the gap between youth aspirations and employability through structured, industry-aligned training. The programme has expanded far beyond short-term courses, now encompassing apprenticeships, entrepreneurship support, global workforce readiness, and traditional crafts preservation.

    As of July 11, over 25 lakh youth have been trained under PMKVY 4.0—the latest phase of the scheme—reflecting a significant leap toward preparing India’s youth for both domestic and international job markets. This version of the programme integrates cutting-edge features like digital tracking, AI-based analytics, credit portability through the Academic Bank of Credits, and links with the Skill India Digital Hub to provide a seamless experience connecting training, education, and employment.

    An Integrated Approach to Skill Development

    The broader Skill India Mission was restructured in 2022 to unify PMKVY, the National Apprenticeship Promotion Scheme (PM-NAPS), and the Jan Shikshan Sansthan (JSS) scheme under a single framework, enhancing operational efficiency and maximising outreach across both urban and rural areas.

    PMKVY began as a pilot in 2015–16, training nearly 20 lakh individuals. It scaled up significantly with PMKVY 2.0, aligning with national missions such as Make in India, Swachh Bharat, and Digital India. The subsequent version, PMKVY 3.0, responded to emerging challenges, launching initiatives like the Skill Hub (aligned with NEP 2020) and a crash course programme for frontline COVID-19 workers, training over 1.2 lakh health personnel.

    Inclusion and Innovation at the Core

    At the heart of PMKVY lies an unwavering focus on inclusion. Nearly 45% of the trained candidates are women, with strong representation from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). The scheme also undertook region- and community-specific projects: training Bru-tribe youth in Tripura, vocational programmes for prison inmates in Assam and Manipur, and upskilling women in Jammu & Kashmir through Namda craft revival initiatives.

    PMKVY’s Recognition of Prior Learning (RPL) component has played a crucial role in certifying the skills of informal sector workers—especially artisans and weavers in J&K and Nagaland—without the need for extended training, boosting their mobility in the job market.

    Balancing Heritage with Future-Ready Skills

    One of PMKVY’s defining strengths has been its dual focus—preserving traditional skills while embracing future technologies. Beneficiaries are being equipped for careers in manufacturing, healthcare, electronics, retail, and IT, but increasingly also in emerging fields like drones, mechatronics, AI, and the Internet of Things.

    In this effort, Centres of Excellence launched at National Skill Training Institutes (NSTIs) in Hyderabad and Chennai in June 2025 are set to become national reference points for high-quality instructor training and specialised skilling.

    Complementary Schemes Expanding the Skilling Ecosystem

    The momentum created by PMKVY has been bolstered by several complementary schemes. The PM Vishwakarma Yojana, launched in 2023, aims to support artisans from 18 traditional trades with training, toolkits, credit access, and marketing support. As of July 2025, over 2.7 crore applications have been received, with 29 lakh registrations completed.

    Meanwhile, the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), which targets rural youth, has trained nearly 17 lakh individuals since its launch in 2014, with over 11 lakh successfully placed in employment. Rural Self Employment Training Institutes (RSETIs), operated in partnership with banks, have trained more than 56 lakh people this financial year alone, fostering entrepreneurship in rural India.

  • MIL-OSI: Form 8.3 – [ALPHA GROUP INTERNATIONAL PLC – 11 07 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ALPHA GROUP INTERNATIONAL PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 11 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.2p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,313,000 3.1037    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,313,000 3.1037    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.2p ORDINARY SALE 10,000 3358.25p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 11 JULY 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: BTCS Reaches $96.3 Million in Combined Crypto and Cash Market Value, Including 29,122 ETH Holdings

    Source: GlobeNewswire (MIL-OSI)

    Year-to-Date Capital Raise of $62.4 Million Supports Execution of DeFi/TradFi Flywheel Strategy

    Silver Spring, MD, July 14, 2025 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, announced today that it has raised $62.4 million year-to-date in minimally dilutive capital while expanding BTCS’s Ethereum holdings to 29,122 a 221% increase from year end 2024.

    “By increasing our ETH per share while simultaneously driving meaningful revenue growth, we are building the premier Ethereum-focused public company,” said Charles Allen, CEO of BTCS. “BTCS stands apart in two keyways: first, our hallmark DeFi/TradFi flywheel, enables us to access capital at a low cost and deliver, leveraged exposure to Ethereum, and second our established track record, we’re the world’s oldest public blockchain company and have been laser focused on Ethereum infrastructure for nearly five years.”

    Ethereum Holdings Snapshot
    As of Friday, July 11, 2025, BTCS’s ETH holdings include:

    • Total ETH holdings: 29,122
    • ETH Market Value: $87.3 million at $3,000 per ETH
    • Staked ETH: 4,160 via Rocket Pool Nodes, 6,300 via Solo Nodes, 4,382 in staking queue
    • ETH posted to Aave as collateral: 14,280 with current annual earnings at approximately 2%

    “We believe that BTCS is the most leveraged Ethereum play in public markets today,” said Allen. “Our vertically integrated block building and node operations are generating record revenue, and when combined with our unique financial structure, BTCS offers investors scalable, high-growth exposure to Ethereum.”

    Sources of Capital
    Capital raised this year includes a combination of equity, convertible debt, and DeFi-based borrowing, aligned with BTCS’s strategy of optimizing ETH exposure while managing dilution:

    ATM Sales: $39.5 million (63%)
    Above-Market Convertible Debt: $7.4 million (12%)
    Aave Stablecoin Loans (DeFi): $15.5 million (25%)

    Leverage Cap
    To support scalable growth while managing risk, BTCS operates with a 40% Net Asset Value (“NAV”) leverage cap. This limit, encompassing the Company’s convertible debt and DeFi borrowing through Aave, is a cornerstone designed to enhance shareholder upside from Ethereum’s performance in a controlled manner. The following summarizes our estimated total assets, debt, and current debt-to-assets ratio as of July 11, 2025:

    • Total Crypto & Cash Assets: $96.3 million
    • Total Debt: $22.9 million
    • Current Debt-to-Assets Ratio: 24%

    DeFi/TradFi Accretion Flywheel
    BTCS is pioneering its distinctive capital formation strategy, coined the DeFi/TradFi flywheel, which is designed to utilize both decentralized and traditional finance to scale ETH holdings, leverage the Company’s vertically integrated operations, and ultimately drive shareholder value.

    This structure is designed to enable BTCS to grow revenue efficiently while maintaining transparency in our operations.

    Capital Structure Overview
    To help investors accurately assess BTCS’s intrinsic value and compare it with peers, we provide the following breakdown of our capital structure. This summary provides additional information to supplement our SEC filings.

    Equity Instrument Outstanding Fully Diluted
    Common Shares 30,804,144 30,804,144
    Common Shares – Subject to Forfeiture 1,149,801 1,149,801
    Convertible Debt (Conversion Price = $5.85)   1,334,679
    2025 Convert Warrants (Exercise Price = $2.75, exp. 5/13/2030)   988,766
    2021 RD Warrant (Exercise Price = $11.50, exp. 3/4/2026)   712,500
    Employee Options (Weighted Average Exercise Price = $2.22)   1,561,410
    Series V Preferred Stock (1)   16,004,738
    Total 31,953,945 52,556,038

    (1) Shareholders have authorized the board to convert to common stock. This includes approximately 1.1 million shares held by insiders, subject to forfeiture if market capitalization performance milestones are not met.
     

    About BTCS:
    BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements” within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements regarding our fundraising goals, driving meaningful revenue growth, Ethereum infrastructure operations, leverage strategies, and potential business growth. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.

    For more information follow us on:
    Twitter: https://x.com/NasdaqBTCS
    LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
    Facebook: https://www.facebook.com/NasdaqBTCS

    Investor Relations:
    Charles Allen – CEO
    X (formerly Twitter): @Charles_BTCS
    Email: ir@btcs.com

    The MIL Network –