Category: Entertainment

  • MIL-OSI: Andes Technology and proteanTecs Partner to Bring Performance and Reliability Monitoring to RISC-V Cores

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan and HAIFA, Israel, Feb. 25, 2025 (GLOBE NEWSWIRE) — proteanTecs’ on-chip monitoring successfully integrated into the AndesCore™ AX45MPRISC-V multicore vector processor

    Andes Technology Corporation (TWSE: 6533), a leading supplier of RISC-V processor IP, and proteanTecs, a global leader of health and performance monitoring solutions for advanced electronics, today announced a strategic partnership. This collaboration enables joint customers to seamlessly integrate proteanTecs’ on-chip monitoring IP into Andes’ RISC-V processor cores. Customers can then leverage proteanTecs’ real-time analytics software applications to optimize performance, reduce power consumption, detect faults, and enhance overall system reliability, during production and lifetime operation.

    To kick off their partnership, proteanTecs’ monitoring IP has been successfully integrated on the AndesCore™ AX45MPV, a popular 64-bit RISC-V multicore vector processor. Equipped with powerful RISC-V vector processing and parallel execution capability, this core has been adopted by over a dozen applications with large data sets, such as AI inference and training, signal processing, and scientific computing since released in 2022. By pre-validating this IP integration, customers can easily design in this licensed core, shorten their development time and accelerate their time-to-market.

    “proteanTecs offers the industry’s most comprehensive and robust on-chip monitoring solutions,” said Dr. Charlie Su, CTO and President at Andes Technology. “As chip complexity increases, monitoring is paramount, especially in AI applications. proteanTecs’ deep data insights will empower our mutual customers to optimize their designs, improve their power/performance envelope, proactively prevent faults, and deliver superior products faster.”

    This partnership underscores the continued commitment of Andes Technology and proteanTecs in advancing the RISC-V open standard. Reports estimate that by 2030 there will be over 16 billion RISC-V-based SoC units shipped annually.[1] Both Andes Technology and proteanTecs are active members of RISC-V International, the global non-profit organization devoted to furthering the RISC-V Instruction Set Architecture (ISA). Andes is a founding Premier member of RISC-V International, and proteanTecs is a Strategic Member.

    “With the rapid growth of high-performance applications, high compute density and advanced packaging technologies—especially in evolving AI models and workloads—on-chip monitoring is no longer a luxury, but a necessity,” said Uzi Baruch, Chief Strategy Officer (CSO) at proteanTecs. “Partnering with Andes Technology—a key player in the RISC-V ecosystem and AI core development—brings the value of proteanTecs’ solutions to a wider range of SoC devices. These benefits extend beyond production into the field, with real-time monitoring applications that enable proactive fault prevention and the unique ability to reduce power and increase performance in mission-mode.”

    Andes and proteanTecs will discuss their ongoing partnership at upcoming RISC-V events. Interested parties can reach out to marketing@proteantecs.com for more information and the relevant deliverables.  

    About Andes Technology

    As a Founding Premier member of RISC-V International and a leader in commercial CPU IP, Andes Technology (TWSE: 6533SIN: US03420C2089ISIN: US03420C1099) is driving the global adoption of RISC-V. Andes’ extensive RISC-V Processor IP portfolio spans from ultra-efficient 32-bit CPUs to high-performance 64-bit Out-of-Order multiprocessor coherent clusters. With advanced vector processing, DSP capabilities, the powerful Andes Automated Custom Extension (ACE) framework, end-to-end AI hardware/software stack, ISO 26262 certification with full compliance, and a robust software ecosystem, Andes unlocks the full potential of RISC-V, empowering customers to accelerate innovation across AI, automotive, communications, consumer electronics, data centers, and mobile devices. Over 16 billion Andes-powered SoCs are driving innovations globally. Discover more at www.andestech.com and connect with Andes on LinkedInX (formerly Twitter)Bilibili and YouTube.

    About proteanTecs

    proteanTecs is the leading provider of deep data analytics for advanced electronics monitoring. Trusted by global leaders in the AI, datacenter, automotive, communications and mobile markets, the company provides system health and performance monitoring, from production to the field. By applying machine learning to novel data created by on-chip monitors, the company’s deep data analytics solutions deliver unparalleled visibility and actionable insights—leading to new levels of power, quality and reliability. The company is headquartered in Israel and has offices in the United States, India, South Korea and Taiwan. For more information, visit www.proteanTecs.com.

    [1] “RISC-V Market Report: Application Forecasts in a Heterogenous World,” The SHD Group, Jan. 2024. 

    Press Contacts:

    proteanTecs

    Jennifer Scher, Media Relations

    jennifer.s@proteantecs.com

    Andes Technology

    Ruby Tseng, Deputy Manager Marketing Division

    ruby670@andestech.com

    The MIL Network

  • MIL-OSI United Kingdom: Recovered appeal: Great Sike Road, Old Malton, Malton, YO17 6SB (ref: 3342002 – 25 February 2025)

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Recovered appeal: Great Sike Road, Old Malton, Malton, YO17 6SB (ref: 3342002 – 25 February 2025)

    Decision letter and Inspector’s Report for a recovered appeal.

    Applies to England

    Documents

    Details

    Decision letter and Inspector’s Report for a recovered appeal for the installation and operation of a solar farm and battery energy storage system with associated infrastructure including substation, access tracks, pole mounted CCTV, fencing and landscaping for a period of 40 years.

    Updates to this page

    Published 25 February 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-OSI Security: Single Day Border Apprehensions Hit 15-Year Low Under President Trump

    Source: US Department of Homeland Security

    “Under President Donald Trump, the days of open borders are over.”- Secretary Noem

    WASHINGTON – Today, Secretary Noem announced on Saturday, Customs and Border Protection (CBP) encountered only 200 aliens at the U.S. Southern border. That is the lowest number of apprehensions in a single day in over 15 years.

    These record low numbers come days after Secretary Noem launched a multimillion dollar nationwide and international ad campaign warning illegal aliens to stay out.

    View Original “Warning – International” video

    A statement from a senior DHS spokesperson is below:

    “President Trump and Secretary Noem have sent a clear message to illegal aliens: do not come to our country. You will not be allowed in. And if you get in, we will hunt you down and deport you.

    That message has been received. This weekend, we saw the single lowest apprehensions at the southern border in more than 15 years. This is yet another sign the President Trump’s commonsense immigration and border security policies are working.”

    MIL Security OSI

  • MIL-OSI USA: Unemployment rate for people with a disability changes little, at 7.5%, in 2024

    Source: US Department of Labor

    For release 10:00 a.m. (ET) Tuesday, February 25, 2025                              USDL-25-0247
    
    Technical information:  (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps 
    Media contact:          (202) 691-5902  *  PressOffice@bls.gov
    
    
                     PERSONS WITH A DISABILITY: LABOR FORCE CHARACTERISTICS -- 2024
                     
                     
    In 2024, the employment-population ratio--the proportion of the population that is employed--
    was 22.7 percent among those with a disability, the U.S. Bureau of Labor Statistics reported 
    today. In contrast, the employment-population ratio for those without a disability was 65.5 
    percent. The employment-population ratio for people with a disability changed little from
    2023 to 2024, following a 1.2 percentage-point increase from 2022 to 2023. The employment-
    population ratio for those without a disability decreased by 0.3 percentage point in 2024. 
    The unemployment rate for people with a disability (7.5 percent) changed little in 2024, 
    while the rate for those without a disability increased by 0.3 percentage point over the 
    year to 3.8 percent.
    
    The data on people with a disability are collected as part of the Current Population Survey 
    (CPS), a monthly sample survey of about 60,000 households that provides statistics on 
    employment and unemployment in the United States. The collection of data on people with a 
    disability is sponsored by the U.S. Department of Labor's Office of Disability Employment 
    Policy. For more information, see the Technical Note in this news release.
    
    Highlights from the 2024 data:
    
     --Half of all people with a disability were age 65 and over, nearly three times larger than 
       the share for those with no disability. (See table 1.)
    
     --For all ages, the employment-population ratio was much lower for people with a disability 
       than for those with no disability. (See table 1.)
    
     --Unemployment rates were much higher for people with a disability than for those with no 
       disability across all educational attainment groups. (See table 1.)
    
     --Workers with a disability were nearly twice as likely to work part time as workers with 
       no disability. (See table 2.)
    
     --Workers with a disability were more likely to be self-employed than were workers with no 
       disability. (See table 4.)
    
    Demographic characteristics
    
    People with a disability accounted for about 13 percent of the population in 2024. Those
    with a disability tend to be older than people with no disability, reflecting the increased 
    incidence of disability with age. In 2024, half of those with a disability were age 65 and 
    over, compared with about 18 percent of those with no disability. Overall, women were more 
    likely to have a disability than were men, partly reflecting the greater life expectancy of 
    women. Among the major race and ethnicity groups, people who are White (13.0 percent) and
    Black or African American (13.1 percent) had a higher prevalence of disability than those 
    who are Asian (6.8 percent) and Hispanic or Latino (8.7 percent). (See table 1.)
    
    Employment
    
    In 2024, the employment-population ratio for people with a disability changed little at 
    22.7 percent. The ratio for those with no disability decreased by 0.3 percentage point to 
    65.5 percent. The lower ratio among people with a disability reflects, in part, the older 
    age profile of people with a disability; people age 65 and over are less likely to be 
    employed regardless of disability status. However, across all age groups, people with a 
    disability were much less likely to be employed than those with no disability. 
    (See tables A and 1.)
    
    Among people with a disability ages 16 to 64, the employment-population ratio, at 37.4 
    percent in 2024, changed little over the year. Similarly, the ratio for people with a 
    disability age 65 and over was little changed at 8.1 percent. (See table A.)
    
    People with a disability were less likely to have completed a bachelor's degree or higher 
    than were those with no disability. In 2024, about 23 percent of all people with a 
    disability had completed a bachelor's degree or higher compared with about 42 percent of 
    those with no disability. Among both groups, those who had attained higher levels of 
    education were more likely to be employed than were those with less education. For all 
    levels of education, people with a disability were much less likely to be employed than 
    their counterparts with no disability. (Educational attainment data are presented for 
    those age 25 and over.) (See table 1.)
    
    Workers with a disability were more likely to be employed part time than were those with
    no disability. About 31 percent of those with a disability usually worked part time compared 
    with about 17 percent of workers without a disability. About 4 percent of workers with a 
    disability worked part time for economic reasons. These individuals would have preferred 
    full-time employment but were working part time because their hours had been reduced or 
    they were unable to find full-time jobs. (See table 2.)
    
    In 2024, people with a disability were more likely to work in sales and office occupations 
    than were those with no disability (20.8 percent compared with 18.4 percent, respectively). 
    Workers with a disability were also more likely than those with no disability to work in 
    service occupations (19.0 percent compared with 16.3 percent) and in production, 
    transportation, and material moving occupations (14.2 percent compared with 12.2 percent).
    People with a disability were much less likely to work in management, professional, and 
    related occupations than were their counterparts with no disability (37.9 percent compared 
    with 44.1 percent). Workers with a disability were also somewhat less likely to work in 
    natural resources, construction, and maintenance occupations (8.1 percent compared with
    9.0 percent). (See table 3.)
    
    A larger share of people with a disability were self-employed than were those with no
    disability in 2024 (9.2 percent versus 6.0 percent). Those with a disability were slightly
    more likely to be employed by the federal government than were their counterparts with no 
    disability (3.3 percent and 2.6 percent), while the proportions of people employed by state
    and local governments were about the same regardless of disability status. In contrast, 
    people with a disability were less likely to be employed as private wage and salary workers
    (76.6 percent) than were those with no disability (80.5 percent). (See table 4.)
    
    Unemployment
    
    The unemployment rate for people with a disability was about twice that of those with no 
    disability in 2024. (Unemployed people are those who did not have a job, were available for 
    work, and were actively looking for a job in the 4 weeks preceding the survey.) The 
    unemployment rate for people with a disability changed little in 2024 at 7.5 percent, while 
    the rate for people without a disability increased by 0.3 percentage point to 3.8 percent.
    (See tables A and 1.)
    
    Among people with a disability, the unemployment rates were the same for men and women in 
    2024 (7.5 percent). These rates were little different from a year earlier. Among the major
    race and ethnicity groups, the jobless rates for people who are White, Black or African 
    American, Asian, and Hispanic or Latino showed little change over the year. As is the case
    among people without a disability, the jobless rates for those with a disability were higher
    among people who are Black or African American (10.7 percent) and Hispanic or Latino 
    (9.4 percent) than among people who are White (6.9 percent) and Asian (6.3 percent). 
    (See table 1.)  
    
    Not in the labor force
    
    People who are neither employed nor unemployed are considered not in the labor force. A 
    large proportion of people with a disability--about 75 percent--were not in the labor force
    in 2024, compared with about 32 percent of those with no disability. In part, this too 
    reflects the older age profile of people with a disability; people age 65 and over were 
    much less likely to participate in the labor force than were those in younger age groups. 
    Across all age groups, however, people with a disability were less likely to participate 
    in the labor force than were those with no disability. (See table 1.)
    
    For both people with and without a disability, the vast majority of those who were not in
    the labor force did not want a job. In 2024, about 3 percent of those with a disability
    wanted a job, lower than about 6 percent of those without a disability. Among people who 
    wanted a job, a subset is classified as marginally attached to the labor force. These 
    individuals wanted and were available for work and had looked for a job sometime in 
    the prior 12 months but had not looked for work in the 4 weeks preceding the survey. 
    (People marginally attached to the labor force include discouraged workers.) About 1 
    percent of people with a disability were marginally attached to the labor force in 2024. 
    (See table 5.)
    
    
    
    
    Table A. Employment status of the civilian noninstitutional population by disability status and age, 2023 and 2024 annual averages [Numbers in thousands]
    Characteristic 2023 2024
    Total, 16 years
    and over
    16 to 64
    years
    65 years
    and over
    Total, 16 years
    and over
    16 to 64
    years
    65 years
    and over

    PEOPLE WITH A DISABILITY

    Civilian noninstitutional population

    33,501 16,685 16,816 33,945 16,915 17,030

    Civilian labor force

    8,112 6,715 1,397 8,328 6,886 1,441

    Participation rate

    24.2 40.2 8.3 24.5 40.7 8.5

    Employed

    7,528 6,196 1,331 7,701 6,326 1,375

    Employment-population ratio

    22.5 37.1 7.9 22.7 37.4 8.1

    Unemployed

    585 519 66 627 561 66

    Unemployment rate

    7.2 7.7 4.7 7.5 8.1 4.6

    Not in labor force

    25,389 9,970 15,419 25,618 10,029 15,589

    PEOPLE WITH NO DISABILITY

    Civilian noninstitutional population

    233,441 191,998 41,443 234,626 191,920 42,706

    Civilian labor force

    159,004 149,206 9,798 159,779 149,580 10,198

    Participation rate

    68.1 77.7 23.6 68.1 77.9 23.9

    Employed

    153,509 143,961 9,548 153,645 143,744 9,900

    Employment-population ratio

    65.8 75.0 23.0 65.5 74.9 23.2

    Unemployed

    5,495 5,245 250 6,134 5,836 298

    Unemployment rate

    3.5 3.5 2.6 3.8 3.9 2.9

    Not in labor force

    74,437 42,792 31,645 74,847 42,340 32,507

    NOTE: Updated population controls are introduced annually with the release of January data.

    Technical Note
    
       The estimates in this release are based on annual average data obtained from  
    the Current Population Survey (CPS). The CPS, which is conducted by the U.S. 
    Census Bureau for the Bureau of Labor Statistics (BLS), is a monthly survey of 
    about 60,000 eligible households that provides information on the labor force 
    status, demographics, and other characteristics of the nation's civilian
    noninstitutional population age 16 and over.
       
       Questions were added to the CPS in June 2008 to identify people with a 
    disability in the civilian noninstitutional population age 16 and over. The 
    addition of these questions allowed the BLS to begin releasing monthly labor 
    force data from the CPS for people with a disability. The collection of these 
    data is sponsored by the Department of Labor's Office of Disability Employment 
    Policy.
       
       If you are deaf, hard of hearing, or have a speech disability, please dial
    7-1-1 to access telecommunications relay services.
    
    Reliability of the estimates
    
       Statistics based on the CPS are subject to both sampling and nonsampling 
    error. When a sample, rather than the entire population, is surveyed, there is 
    a chance that the sample estimates may differ from the true population values 
    they represent. The component of this difference that occurs because samples 
    differ by chance is known as sampling error, and its variability is measured 
    by the standard error of the estimate. There is about a 90-percent chance, or
    level of confidence, that an estimate based on a sample will differ by no more 
    than 1.6 standard errors from the true population value because of sampling 
    error. BLS analyses are generally conducted at the 90-percent level of 
    confidence.
    
       The CPS data also are affected by nonsampling error. Nonsampling error can 
    occur for many reasons, including the failure to sample a segment of the 
    population, inability to obtain information for all respondents in the sample, 
    inability or unwillingness of respondents to provide correct information, and
    errors made in the collection or processing of the data.
    
       Additional information about the reliability of data from the CPS and 
    estimating standard errors is available at 
    www.bls.gov/cps/documentation.htm#reliability.
    
       CPS estimates are controlled to population totals that are available by 
    age, sex, race, and Hispanic ethnicity. These controls are developed by the 
    Census Bureau and are based on complete population counts obtained in the 
    decennial census. In the years between decennial censuses, they incorporate 
    the latest information about population change (births, deaths, and net
    international migration). As part of its annual update of population
    estimates, the Census Bureau introduces adjustments to the total population
    controls. The updated controls typically have a negligible impact on 
    unemployment rates and other ratios. The estimates of the population of 
    people with a disability are not controlled to independent population totals 
    of people with a disability because such data are not available. Without 
    independent population totals, sample-based estimates are more apt to vary 
    from one time period to the next. Information about population controls is 
    available at www.bls.gov/cps/documentation.htm#pop.
    
    Disability questions and concepts
    
       The CPS uses a set of six questions to identify people with disabilities. 
    In the CPS, people are classified as having a disability if there is a response 
    of "yes" to any of these questions. The disability questions appear in the CPS 
    in the following format:
    
       This month we want to learn about people who have physical, mental, or emotional
    conditions that cause serious difficulty with their daily activities. Please answer
    for household members who are 15 years old or over.
    
       --Is anyone deaf or does anyone have serious difficulty 
         hearing?
    
       --Is anyone blind or does anyone have serious difficulty
         seeing even when wearing glasses?
    
       --Because of a physical, mental, or emotional condition, does
         anyone have serious difficulty concentrating, remembering, or
         making decisions?
    
       --Does anyone have serious difficulty walking or climbing
         stairs?
    
       --Does anyone have difficulty dressing or bathing?
    
       --Because of a physical, mental, or emotional condition, does
         anyone have difficulty doing errands alone such as visiting a
         doctor's office or shopping?
    
       The CPS questions for identifying individuals with disabilities are only 
    asked of household members who are age 15 and over. Each of the questions ask 
    the respondent whether anyone in the household has the condition described, and 
    if the respondent replies "yes," they are then asked to identify everyone in 
    the household who has the condition. Labor force measures from the CPS are 
    tabulated for people age 16 and over. More information on the disability 
    questions and the limitations of the CPS disability data is available on the 
    BLS website at www.bls.gov/cps/cpsdisability_faq.htm.
    
    Other definitions
    
       Other definitions used in this release are described briefly below. 
    Additional information on the concepts and methodology of the CPS is available 
    at www.bls.gov/cps/documentation.htm.
    
       Employed.  Employed people are all those who, during the survey reference 
    week, (a) did any work at all as paid employees; (b) worked in their own 
    business, profession, or on their own farm; or (c) worked 15 hours or more as 
    unpaid workers in a family member's business.  People who were temporarily 
    absent from their jobs because of illness, bad weather, vacation, labor 
    dispute, or another reason also are counted as employed.
    
       Unemployed.  Unemployed people are those who had no employment during the 
    reference week, were available for work at that time, and had made specific 
    efforts to find employment sometime during the 4-week period ending with the 
    reference week. People who were waiting to be recalled to a job from which they 
    had been laid off need not have been looking for work to be classified as 
    unemployed.
    
       Civilian labor force.  The civilian labor force comprises all people
    classified as employed or unemployed.
    
       Unemployment rate.  The unemployment rate is the number unemployed as a 
    percent of the labor force.
    
       Not in the labor force.  People not in the labor force include all those who 
    are not classified as employed or unemployed. Information is collected on their 
    desire for and availability to take a job at the time of the CPS interview, job 
    search activity in the prior year, and reason for not looking in the 4-week 
    period ending with the reference week. This group includes individuals marginally 
    attached to the labor force, defined as people not in the labor force who want 
    and are available for a job and who have looked for work sometime in the past 12 
    months (or since the end of their last job if they held one within the past 12 
    months). They are not counted as unemployed because they had not actively searched 
    for work in the prior 4 weeks. Within the marginally attached group are discouraged 
    workers--people who are not currently looking for work because they believe there 
    are no jobs available or there are none for which they would qualify. The other 
    people marginally attached to the labor force group includes people who want a
    job but had not looked for work in the past 4 weeks for reasons such as family 
    responsibilities or transportation problems.
    
       Part time for economic reasons.  People classified as at work part time for 
    economic reasons, a measure sometimes referred to as involuntary part time, are 
    those who gave an economic reason for working 1 to 34 hours during the reference 
    week. Economic reasons include slack work or unfavorable business conditions, 
    inability to find full-time work, and seasonal declines in demand. Those who 
    usually work part time must also indicate that they want and are available for 
    full-time work to be classified as part time for economic reasons.
    
       Occupation, industry, and class of worker.  The occupation, industry, and 
    class of worker classifications for the employed relate to the job held in the 
    survey reference week. People with two or more jobs are classified in the job 
    at which they worked the greatest number of hours. People are classified using 
    the 2018 Census occupational and 2017 Census industry classification systems. 
    The class-of-worker breakdown assigns workers to the following categories: 
    private and government wage and salary workers, self-employed workers, and 
    unpaid family workers. Wage and salary workers receive wages, salary, 
    commissions, tips, or pay in kind from a private employer or from a government 
    unit. Self-employed people are those who work for profit or fees in their own 
    business, profession, trade, or farm. Only the unincorporated self-employed are 
    included in the self-employed category. Self-employed people who respond that 
    their businesses are incorporated are included among wage and salary workers. 
    Unpaid family workers are people working without pay for 15 hours a week or 
    more on a farm or in a business operated by a family member in their household.
    
    
    
    
    Table 1. Employment status of the civilian noninstitutional population by disability status and selected characteristics, 2024 annual averages [Numbers in thousands]
    Characteristic Civilian
    noninsti-
    tutional
    population
    Civilian labor force Not in
    labor
    force
    Total Participation
    rate
    Employed Unemployed
    Total Percent of
    population
    Total Rate

    TOTAL

    Total, 16 years and over

    268,571 168,106 62.6 161,346 60.1 6,761 4.0 100,465

    Men

    130,939 88,974 68.0 85,313 65.2 3,661 4.1 41,965

    Women

    137,633 79,132 57.5 76,033 55.2 3,100 3.9 58,500

    PEOPLE WITH A DISABILITY

    Total, 16 years and over

    33,945 8,328 24.5 7,701 22.7 627 7.5 25,618

    Men

    15,923 4,308 27.1 3,984 25.0 324 7.5 11,615

    Women

    18,023 4,020 22.3 3,717 20.6 303 7.5 14,003

    Age

    16 to 64 years

    16,915 6,886 40.7 6,326 37.4 561 8.1 10,029

    16 to 19 years

    876 242 27.6 184 21.0 58 23.9 634

    20 to 24 years

    1,271 596 46.9 517 40.6 79 13.3 675

    25 to 34 years

    2,625 1,522 58.0 1,393 53.1 129 8.5 1,103

    35 to 44 years

    2,689 1,402 52.1 1,310 48.7 92 6.6 1,287

    45 to 54 years

    3,417 1,405 41.1 1,301 38.1 104 7.4 2,012

    55 to 64 years

    6,036 1,719 28.5 1,621 26.8 98 5.7 4,317

    65 years and over

    17,030 1,441 8.5 1,375 8.1 66 4.6 15,589

    Race and Hispanic or Latino ethnicity

    White

    26,629 6,584 24.7 6,129 23.0 455 6.9 20,045

    Black or African American

    4,593 1,045 22.8 934 20.3 112 10.7 3,548

    Asian

    1,219 252 20.7 236 19.4 16 6.3 967

    Hispanic or Latino ethnicity

    4,277 1,188 27.8 1,076 25.2 111 9.4 3,089

    Educational attainment

    Total, 25 years and over

    31,798 7,490 23.6 7,000 22.0 490 6.5 24,309

    Less than a high school diploma

    4,427 556 12.6 499 11.3 57 10.2 3,871

    High school graduates, no college

    11,075 2,081 18.8 1,912 17.3 169 8.1 8,993

    Some college or associate degree

    8,838 2,379 26.9 2,224 25.2 155 6.5 6,459

    Bachelor’s degree and higher

    7,459 2,474 33.2 2,365 31.7 109 4.4 4,985

    PEOPLE WITH NO DISABILITY

    Total, 16 years and over

    234,626 159,779 68.1 153,645 65.5 6,134 3.8 74,847

    Men

    115,016 84,666 73.6 81,329 70.7 3,337 3.9 30,350

    Women

    119,610 75,113 62.8 72,316 60.5 2,797 3.7 44,497

    Age

    16 to 64 years

    191,920 149,580 77.9 143,744 74.9 5,836 3.9 42,340

    16 to 19 years

    16,709 6,242 37.4 5,477 32.8 765 12.3 10,467

    20 to 24 years

    20,116 14,697 73.1 13,655 67.9 1,042 7.1 5,419

    25 to 34 years

    41,802 35,660 85.3 34,202 81.8 1,457 4.1 6,142

    35 to 44 years

    41,491 36,001 86.8 34,887 84.1 1,114 3.1 5,490

    45 to 54 years

    36,617 31,532 86.1 30,738 83.9 794 2.5 5,085

    55 to 64 years

    35,185 25,448 72.3 24,785 70.4 663 2.6 9,737

    65 years and over

    42,706 10,198 23.9 9,900 23.2 298 2.9 32,507

    Race and Hispanic or Latino ethnicity

    White

    178,457 121,048 67.8 116,904 65.5 4,144 3.4 57,409

    Black or African American

    30,410 21,001 69.1 19,794 65.1 1,207 5.7 9,409

    Asian

    16,756 11,429 68.2 11,034 65.9 394 3.5 5,327

    Hispanic or Latino ethnicity

    44,645 31,702 71.0 30,151 67.5 1,551 4.9 12,942

    Educational attainment

    Total, 25 years and over

    197,801 138,839 70.2 134,512 68.0 4,326 3.1 58,962

    Less than a high school diploma

    14,868 8,597 57.8 8,090 54.4 507 5.9 6,271

    High school graduates, no college

    52,631 34,175 64.9 32,813 62.3 1,362 4.0 18,455

    Some college or associate degree

    48,149 33,460 69.5 32,403 67.3 1,057 3.2 14,689

    Bachelor’s degree and higher

    82,153 62,607 76.2 61,206 74.5 1,400 2.2 19,547

    NOTE: Estimates for the above race groups (White, Black or African American, and Asian) do not sum to totals because data are not presented for all races. People whose ethnicity is identified as Hispanic or Latino may be of any race.

    Table 2. Employed full- and part-time workers by disability status and age, 2024 annual averages [Numbers in thousands]
    Disability status and age Employed At work
    part time for
    economic
    reasons
    Total Usually
    work
    full time
    Usually
    work
    part time

    TOTAL

    16 years and over

    161,346 133,361 27,985 4,467

    16 to 64 years

    150,070 126,401 23,669 4,267

    65 years and over

    11,276 6,960 4,316 200

    People with a disability

    16 years and over

    7,701 5,322 2,379 303

    16 to 64 years

    6,326 4,641 1,684 275

    65 years and over

    1,375 680 695 27

    People with no disability

    16 years and over

    153,645 128,039 25,605 4,164

    16 to 64 years

    143,744 121,760 21,985 3,991

    65 years and over

    9,900 6,280 3,621 172

    NOTE: Full time refers to people who usually work 35 hours or more per week; part time refers to people who usually work less than 35 hours per week.

    Table 3. Employed people by disability status, occupation, and sex, 2024 annual averages [Percent distribution]
    Occupation People with a disability People with no disability
    Total Men Women Total Men Women

    Total employed (in thousands)

    7,701 3,984 3,717 153,645 81,329 72,316

    Occupation as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Management, professional, and related occupations

    37.9 34.7 41.3 44.1 39.8 49.1

    Management, business, and financial operations occupations

    16.6 17.3 16.0 19.1 19.6 18.5

    Management occupations

    11.5 12.8 10.2 12.9 14.1 11.4

    Business and financial operations occupations

    5.1 4.4 5.8 6.2 5.4 7.1

    Professional and related occupations

    21.3 17.5 25.4 25.1 20.2 30.6

    Computer and mathematical occupations

    3.1 4.2 1.9 4.0 5.6 2.2

    Architecture and engineering occupations

    1.8 2.7 0.8 2.2 3.5 0.8

    Life, physical, and social science occupations

    0.8 0.8 0.9 1.2 1.1 1.3

    Community and social service occupations

    2.0 1.5 2.6 1.8 1.0 2.7

    Legal occupations

    1.0 0.9 1.2 1.1 1.0 1.3

    Education, training, and library occupations

    5.6 3.1 8.4 6.0 3.0 9.3

    Arts, design, entertainment, sports, and media occupations

    2.6 2.4 2.8 2.1 2.0 2.3

    Healthcare practitioners and technical occupations

    4.3 1.9 6.8 6.6 3.0 10.6

    Service occupations

    19.0 16.0 22.2 16.3 13.0 19.9

    Healthcare support occupations

    4.3 1.3 7.5 3.3 1.0 6.0

    Protective service occupations

    1.6 2.4 0.8 1.9 2.7 1.0

    Food preparation and serving related occupations

    5.4 4.7 6.2 5.0 4.3 5.7

    Building and grounds cleaning and maintenance occupations

    5.0 6.4 3.5 3.5 3.9 3.1

    Personal care and service occupations

    2.6 1.2 4.2 2.5 1.1 4.0

    Sales and office occupations

    20.8 14.7 27.4 18.4 13.8 23.6

    Sales and related occupations

    9.6 8.6 10.8 8.7 8.6 8.8

    Office and administrative support occupations

    11.2 6.1 16.6 9.7 5.2 14.8

    Natural resources, construction, and maintenance occupations

    8.1 14.9 0.9 9.0 15.9 1.1

    Farming, fishing, and forestry occupations

    0.5 0.6 0.3 0.6 0.8 0.4

    Construction and extraction occupations

    4.4 8.1 0.4 5.3 9.6 0.5

    Installation, maintenance, and repair occupations

    3.3 6.1 0.3 3.0 5.5 0.3

    Production, transportation, and material moving occupations

    14.2 19.8 8.2 12.2 17.5 6.3

    Production occupations

    5.5 7.3 3.5 4.9 6.6 3.0

    Transportation and material moving occupations

    8.7 12.5 4.7 7.3 10.9 3.3
    Table 4. Employed people by disability status, industry, class of worker, and sex, 2024 annual averages [Percent distribution]
    Industry and class of worker People with a disability People with no disability
    Total Men Women Total Men Women

    Total employed (in thousands)

    7,701 3,984 3,717 153,645 81,329 72,316

    Industry as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Agriculture and related industries

    2.1 3.0 1.2 1.4 1.8 0.8

    Nonagricultural industries

    97.9 97.0 98.8 98.6 98.2 99.2

    Mining, quarrying, and oil and gas extraction

    0.3 0.5 0.1 0.4 0.6 0.1

    Construction

    6.3 10.9 1.5 7.5 12.6 1.8

    Manufacturing

    8.5 11.5 5.3 9.4 12.5 5.8

    Wholesale trade

    1.6 2.0 1.1 2.0 2.6 1.3

    Retail trade

    13.1 12.8 13.5 10.0 9.9 10.0

    Transportation and utilities

    5.9 7.8 3.8 6.1 8.7 3.1

    Information

    1.7 1.8 1.6 1.8 2.0 1.5

    Financial activities

    5.8 5.1 6.6 6.8 6.4 7.3

    Professional and business services

    12.0 13.5 10.5 13.3 14.5 11.9

    Education and health services

    21.8 11.3 33.0 23.1 11.1 36.5

    Leisure and hospitality

    9.5 8.9 10.0 8.7 8.0 9.5

    Other services

    6.0 5.7 6.3 4.7 4.1 5.4

    Public administration

    5.4 5.3 5.5 5.0 5.1 4.9

    Class of worker as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Wage and salary workers

    90.7 89.5 92.0 94.0 93.2 94.8

    Private industries

    76.6 77.4 75.9 80.5 82.2 78.5

    Government

    14.1 12.2 16.1 13.5 11.0 16.3

    Federal

    3.3 3.6 2.9 2.6 2.7 2.4

    State

    5.0 3.4 6.7 4.7 3.5 6.0

    Local

    5.8 5.2 6.4 6.3 4.8 7.9

    Self-employed workers, unincorporated

    9.2 10.4 7.9 6.0 6.8 5.1
    Table 5. People not in the labor force by disability status, age, and sex, 2024 annual averages [Numbers in thousands]
    Category Total,
    16 years and
    over
    16 to 64 years Total,
    65 years and
    over
    Total Men Women

    PEOPLE WITH A DISABILITY

    Total not in the labor force

    25,618 10,029 4,876 5,152 15,589

    People who currently want a job

    798 542 253 289 256

    Marginally attached to the labor force

    203 159 77 83 43

    Discouraged workers

    45 31 18 13 14

    Other people marginally attached to the labor force

    157 128 59 69 29

    PEOPLE WITH NO DISABILITY

    Total not in the labor force

    74,847 42,340 16,227 26,113 32,507

    People who currently want a job

    4,792 4,170 2,009 2,161 622

    Marginally attached to the labor force

    1,355 1,239 676 563 116

    Discouraged workers

    363 332 202 130 31

    Other people marginally attached to the labor force

    992 907 475 433 85

    MIL OSI USA News

  • MIL-OSI USA: Campaign to Recruit Federal Workers Into State Service

    Source: US State of New York

    Governor Kathy Hochul today launched a new “You’re Hired” initiative to recruit talented public sector workers into State service. This initiative comes as the new federal administration utilizes the so-called Department of Government Efficiency, or DOGE, to lay off thousands of highly-qualified workers in the federal government.

    “The federal government might say, ‘You’re fired,’ but here in New York, we say, ‘You’re hired.’ In fact, we love federal workers,” Governor Hochul said. “Whatever your skills, we value public service. Check out potential jobs at ny.gov/wewantyou. Come join our New York State family.”

    To kick off this initiative, Governor Hochul released a video message to invite federal workers to join the New York State workforce. The Governor’s video message is available to stream on YouTube here and TV quality video is available here.

    Since taking office, Governor Hochul has implemented several initiatives to strengthen New York’s public workforce. In 2023, Governor Hochul extended 12 weeks of fully paid parental leave to the entire state workforce, for the first time in state history. In 2024, the state launched the NY HELPS program, temporarily waiving civil service exam requirements for many job vacancies, resulting in nearly 24,000 appointments in state government, on top of 6,000 appointments in local governments. Additionally, the state created 10 Centers for Careers in Government, offering job seekers guidance on civil service systems and career opportunities. The Governor has also lifted the hiring freeze, expanded opportunities for individuals and veterans with disabilities, and funded new testing centers to further support the workforce.

    New York State Department of Civil Service Commissioner and Civil Service Commission President Timothy R. Hogues said, “Public service is a noble calling, and we’re looking for the best and brightest to come work for New York State. Under Governor Hochul’s leadership, we have been working hard to retain and recruit the next generation of employees and servant-leaders. By coming to work for the Empire State, you’ll have the opportunity to help your neighbors, community and state in a variety of ways — serving, protecting, and caring for your fellow New Yorkers and our wonderful resources in solid, stable jobs. Check out NY.gov/WeWantYou to get started in a new and rewarding career, today.”

    New York State Department of Labor Commissioner Roberta Reardon said, “Careers in public service offer stability, competitive pay, great benefits and a chance to make a difference in the lives of your fellow New Yorkers. I encourage all former federal workers with a continued interest in public service to check out the many careers in New York State government today.”

    MIL OSI USA News

  • MIL-OSI Economics: Secretary-General of ASEAN gives interview to Vietnam Television

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today gave an interview to Vietnam Television (VTV) on the sidelines of the 2nd ASEAN Future Forum in Hanoi, Viet Nam. During the interview, he lauded the success of the ASEAN Future Forum in facilitating multi-stakeholder dialogue and practical policy recommendations. He also shared his thoughts on the progress of ASEAN community-building efforts as well as on regional issues.

    The post Secretary-General of ASEAN gives interview to Vietnam Television appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Russia: The State University of Management will host an acting master class from the star of the TV series “Ranetki”

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    Yes, that’s right! Actress from the cult TV series “Ranetki” Margarita Ivanova will hold a master class this Friday at the Student Theater of the State University of Management, where she will share the secrets of artistry on stage and in front of the camera, and give valuable advice to those who are just starting their path to success.

    Margarita Ivanova played the role of drummer Tonya Petrova in Ranetki. The actress’s filmography also includes the series: Real Boys, Son of the Father of Nations, The Fool Herself and others. In the theater, she played Juliet in the famous play by Shakespeare, as well as in productions by Chekhov, Lermontov, Moliere, Vampilov and other famous playwrights. Margarita is the author and performer of her own songs. She was the soloist of the group Grani Ruma. She has published three books of her own poetry, two of which are for children. She voices children’s fairy tales.

    When: February 28 Time: 19:00 Place: A-124

    The master class is open to everyone who wants to feel like a real actor, immerse themselves in the atmosphere of art and learn something new.

    Subscribe to the tg channel “Our State University” Announcement date: 02/25/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Summary of Baltic Horizon Fund webinar

    Source: GlobeNewswire (MIL-OSI)

    On the 25th of February 2025, Baltic Horizon held an investor webinar where fund manager Tarmo Karotam introduced the results of Q4 2024.

    Baltic Horizon Fund would like to thank all participants. Webinar recording is available here. Presentation is available here.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

    The MIL Network

  • MIL-OSI: Champion Safe Partners with NetWize to Enhance Technology, Streamline Operations and Drive Sales, Margin, and Profit Growth

    Source: GlobeNewswire (MIL-OSI)

    PROVO, UT, Feb. 25, 2025 (GLOBE NEWSWIRE) — Champion Safe Company, a leading manufacturer of premium safes and wholly-owned subsidiary of American Rebel Holdings, Inc. (NASDAQ: AREB), America’s Patriotic Brand (americanrebel.com), has announced a strategic partnership with NetWize, a premier IT services provider, to modernize and optimize its technology infrastructure. This collaboration will improve efficiency, security, and overall business operations as Champion Safe continues its commitment to innovation and quality.

    “Champion Safe is dedicated to delivering the highest quality security solutions to our customers, and that extends to how we operate as a company,” said Tom Mihalek, CEO of Champion Safe. “By partnering with NetWize, we are investing in cutting-edge technology and streamlined operations that will allow us to better serve our customers, support our long-term growth, and increase sales throughput, overall margin and profitability.”

    NetWize will implement a comprehensive technology upgrade across Champion Safe’s operations, including enhanced cybersecurity measures, improved data management, and optimized IT infrastructure to support future expansion.

    “We are excited to work with Champion Safe, a company that shares our dedication to excellence,” said Jed Crossley, CEO of NetWize. “Our expertise in IT solutions will help Champion Safe increase operational efficiency, enhance security, and leverage technology to drive innovation in the safe industry.”

    The partnership underscores Champion Safe’s ongoing efforts to remain at the forefront of the safe manufacturing industry by integrating modern technological solutions into its business model.

    Customers can expect an even greater level of service, reliability, and innovation as a result of this collaboration.

    For more information about Champion Safe, visit championsafe.com.

    To learn more about NetWize, visit NetWize.com.

    About Champion Safe Company

    Champion Safe Company has been at the forefront of safe manufacturing for over 25 years, offering a range of high-quality safes designed for ultimate security and fire protection. With a commitment to craftsmanship and innovation, Champion Safes are trusted by homeowners, gun owners, and businesses across the nation.

    About NetWize

    Founded in 1998, NetWize is a reputable IT provider located in Utah, committed to empowering businesses with scalable technology solutions and expert IT services. We excel in managed IT services, cloud solutions, cybersecurity, and strategic IT consulting, all customized to address the unique needs of our clients. Our certified team is dedicated to boosting productivity and driving innovation, ensuring that your IT infrastructure performs at its best.

    About American Rebel Holdings, Inc.
    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of the NetWize partnership, actual effect of the partnership on sales, margin and profit growth, our ability to effectively execute our business plan, and the Risk Factors contained within AREB’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023 and Form 10-Q for the nine months ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contacts:
    jon.minder@americanrebel.com
    thomas.mihalek@americanrebel.com

    The MIL Network

  • MIL-OSI: Varonis at the 2025 Gartner® Security & Risk Management Summit: Securing Data in the Age of AI

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Feb. 25, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced its full schedule as a Premier Exhibitor at the Gartner Security & Risk Management Summit, March 3 – 4 at the International Convention Centre in Sydney, Australia.

    Varonis Activities at the Gartner Security & Risk Management Summit:

    Meet Varonis: Visit booth #210 to catch 1:1 demos and learn how Varonis’ best-in-class Data Security Platform allows companies to understand their risk, automatically fix exposures, and stop attacks on data — all while deploying AI confidently.

    Panel Session: “Executive’s Guide to Securing Data in a New Era of Risk” — Join Varonis VP of APAC Scott LeachAllens CIO Bill Tanner, and leaders from a prestigious property investment firm and national healthcare provider as they discuss strategies for protecting sensitive data in the age of AI. The panelists will discuss AI’s impact on data security, compliance, and risk reduction.

    Date: Monday, March 3 from 2:45 – 3:15 p.m.
    Location: Level 2, room C2.3

    Additional Resources

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

    About the Security & Risk Management Summit
    Gartner analysts will present the latest research and advice for security and risk management leaders at the Gartner Security & Risk Management Summits, taking place March 3-4 in Sydney, March 10- 11 in Mumbai, April 7-8 in Dubai, June 9-11 in National Harbor, MD, July 23-25 in Tokyo and August 5-6 in Sao Paulo. Follow news and updates from the conferences on X using #GartnerSEC.

    About Varonis
    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com 

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    Public Relations Contact
    Emma Keen
    Director, Public Relations (Asia Pacific)
    +61 (0)402 112 189
    emma.keen@gartner.com

    Exhibitor Contact(s)
    James Kan
    Client Services Partner
    +61 (0)428 793 274
    james.kan@gartner.com

    The MIL Network

  • MIL-OSI: Rapid7 Delivers Command Platform Innovations to Identify, Prioritize, and Remediate Critical Exposures

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) — Rapid7 (NASDAQ: RPD), a leader in extended risk and threat detection, today announced new innovations to its Exposure Management offering. These latest features further enhance the Rapid7 Command Platform, delivering unmatched attack surface visibility and unparalleled context. With this expanded offering, organizations now have continuous visibility into sensitive data stored across their multi-cloud environments paired with the context they need to prioritize and remediate exposures effectively.

    As organizations increasingly need to track who has access to sensitive data, ensure it is adequately protected, and verify compliance with evolving privacy regulations, the ability to discover and protect this data from endpoint to cloud has become table stakes. These new innovations within Rapid7’s Exposure Management weave sensitive data insights into an AI-driven risk scoring and prioritization model, enabling security teams to track the data as it relates to assets across locations, ownership, access controls, and posture statuses. In addition, the updates include enhancements to Remediation Hub, enabling risk-based exposure management by aligning risk severity, asset context, reachability, and exploitability together with recommended remediations. This provides security teams enhanced asset context at the time of remediation and removes the need for analysts to navigate across the platform to eliminate exposures.

    “Security teams today need more than just visibility—they need it paired with unparalleled context and control for maximum efficiency,” said Craig Adams, chief product officer at Rapid7. “That’s exactly what we’re delivering with these latest innovations. By integrating sensitive data insights, AI-driven prioritization, and embedded remediation guidance, we’re ensuring that organizations can proactively reduce risk, expedite response times, and gain deeper visibility into their attack surface.”

    These new innovations to Exposure Command provide organizations with the ability to:

    • Discover and Protect of Sensitive Data Across Multi-Cloud Environments: By integrating with Cloud Service Provider (CSP) security services like AWS Macie, GCP DLP, and Microsoft Defender, along with Infrastructure-as-Code (IaC) tagging, teams can classify and secure sensitive data from the start—eliminating manual processes and improving data hygiene. These insights feed directly into Layered Context and Attack Path Analysis, ensuring security teams can prioritize exposures that put sensitive information at risk.
    • Prioritize Exposures with AI-Generated Vulnerability Scoring: The rapid growth of vulnerabilities has outpaced vendors and agencies like NIST and NVD, leaving security teams without timely CVSS scores to assess severity. To bridge this gap, Rapid7 AI-driven CVSS scoring uses advanced machine learning to analyze vulnerability data, generate intelligence-driven scores, and enhance accuracy of Active Risk scoring—helping teams cut through the noise and prioritize exposures with confidence.
    • Speed Up Exposure Remediation with Integrated Asset Context: The expanded Surface Command and Remediation Hub embeds remediation guidance directly within asset inventory and asset detail pages, eliminating platform switching and streamlining risk mitigation. This deeper integration accelerates mean-time-to-remediate (MTTR), enriches asset context with third-party security and ITOps insights, and enhances collaboration by providing stakeholders with the contextual intelligence needed for faster, more informed decision-making.

    To learn more about Rapid7’s Command Platform or to request a demo, visit https://www.rapid7.com/products/command/request-demo/.

    About Rapid7
    Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

    Rapid7 Media Relations
    Alice Randall
    Director, Global Corporate Communications
    press@rapid7.com
    (857) 216-7804

    Rapid7 Investor Contact
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    The MIL Network

  • MIL-OSI: Mavenir and Aira Technologies Help Enable Higher 5G Spectral Efficiency and Throughput

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas and SARATOGA, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, and Aira Technologies, a pioneer in AI-driven network automation and intent-based intelligence for telecom operators worldwide, today announced a successful demonstration of AI-powered high-fidelity MIMO channel estimation and prediction solution.

    This breakthrough integration leverages Mavenir’s Open RAN-based O-DU to boost network capacity, enabling up to 35% more data transmission over the same spectrum based on Aira’s simulation data. This yields faster speeds and a better 5G experience for more users simultaneously, potentially setting a new benchmark for Multi-User MIMO (MU-MIMO) performance.

    By leveraging advanced proprietary machine learning algorithms, Aira’s AI-based spectrum efficiency solution enhances spectral efficiency, boosts throughput, and significantly reduces the total cost of ownership for mobile network operators. The solution seamlessly integrates with the Mavenir’s commercial O-DU, utilizing existing baseband processing hardware without requiring additional AI-specific hardware such as GPUs or accelerators. This innovative approach enables operators to achieve enhanced performance improvements with minimal operational complexity and cost.

    The Open RAN framework provided by Mavenir enabled the seamless integration of Aira’s AI software, meeting the stringent timing demands of baseband processing. Aira’s Insight Engine leverages AI to deliver more accurate estimations of signal-to-noise ratio (SNR), user mobility, and RF environment metrics. This data feeds into Aira’s AI-powered channel prediction model. The result is an improvement in MU-MIMO efficiency and network throughput.

    “The application of machine learning to wireless baseband processing at this level is an industry first,” said RaviKiran Gopalan, CTO and Co-Founder of Aira Technologies. “Together with Mavenir, we are demonstrating three pivotal advances: the power of the Open RAN ecosystem to accelerate innovation, the untapped potential of ML in next-generation wireless applications, and the transformative capability of AI to redefine the RAN.”

    “Our partnership with Aira in applying AI inline to time-sensitive channel estimation illustrates the potential of Open RAN to bring in third party innovations into the RAN eco-system at a rapid pace,” noted Sachin Karkala, SVP and GM of RAN at Mavenir. “The outcomes of the ongoing outdoor trial are very encouraging and indicate an increase in the downlink throughputs and spectral efficiency for TDD MU-MIMO systems. Open RAN will accelerate the adoption of AI in the RAN ecosystem to bring significant Operator benefits.”

    Showcasing at Mobile World Congress 2025
    Mobile World Congress 2025 attendees can view this breakthrough technology in action at the Mavenir booth (Hall 2, Stand 2H60). The demonstration will showcase how Aira’s and Mavenir’s collaboration sets a new standard for 5G network efficiency and performance.
    Book a meeting with the Mavenir & Aira team at #MWC25: MWC 2025 – Mavenir

    About Mavenir
    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    For Mavenir: Emmanuela Spiteri PR@mavenir.com

    About Aira Technologies
    Aira Technologies, a trailblazer in leveraging Artificial Intelligence (AI) to revolutionize wireless telecommunications, was founded in 2019. Aira’s vision is to use a data-driven, ML powered approach to radically re-imagine wireless design, deployment, and control to improve efficiency, and performance. Aira is laser focused on enabling the RAN of the future – a fully autonomous, self-learning RAN. Aira has assembled a team with a rare combination of 5G wireless technology and cutting-edge AI expertise. For more information, visit www.aira-technology.com.

    For Aira Technologies: Maureen Bradford pr@triaza.com

    The MIL Network

  • MIL-OSI: Bread Financial to Participate in the 2025 RBCCM Global Financial Institutions Conference

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced the company’s participation in the 2025 RBCCM Global Financial Institutions Conference on Tuesday, March 4.

    Bread Financial Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat will take place at 11:20 a.m. ET and will be broadcast live here.

    The fireside chat can also be accessed through Bread Financial’s investor relations website. A replay of the webcast will be available for 90 days following the event.

    About Bread Financial® 
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers. 

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn

    Contacts

    Brian Vereb — Investor Relations
    Brian.Vereb@breadfinancial.com

    Susan Haugen — Investor Relations
    Susan.Haugen@breadfinancial.com

    Rachel Stultz — Media
    Rachel.Stultz@breadfinancial.com

    The MIL Network

  • MIL-OSI: FINNOVATE ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF SHAREHOLDER MEETING TO 10:00 AM EASTERN TIME MARCH 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    Boston, MA, Feb. 25, 2025 (GLOBE NEWSWIRE) — Finnovate Acquisition Corp. (“Finnovate”) (OTC: “FNVUF”, “FNVTF”, “FNVWF”) announced today that its upcoming extraordinary general meeting of shareholders (the “Special Meeting”) to approve its proposed initial business combination which was initially scheduled for January 30, 2025 and had been postponed to February 27, 2025, will be further postponed to 10:00 a.m., Eastern Time on Monday, March 17, 2025. At the Special Meeting, shareholders of Finnovate will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Scage International Limited, a Cayman Islands exempted company (“Scage International” or the “Company”), Scage Future, a Cayman Islands exempted company (“Pubco”), Hero 1, a Cayman Islands exempted company and a direct wholly owned subsidiary of Pubco (“Merger Sub I”), and Hero 2, a Cayman Islands exempted company and a direct wholly owned subsidiary of Pubco (“Merger Sub II”) pursuant to a Business Combination Agreement (as amended, the “Business Combination Agreement”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Special Meeting.

    The Special Meeting is being further postponed to allow for additional time for Scage International to obtain requisite listing approvals from the China Securities Regulatory Commission (“CSRC”), which is a condition for consummating the Business Combination. Therefore, Finnovate has decided to further postpone the Special Meeting to allow more time for the closing conditions under the Business Combination Agreement to be met.

    As a result of this change, the Special Meeting will now be held at 10:00 a.m., Eastern time, on Monday, March 17, 2025, at the office of Ellenoff Grossman & Schole LLP located at 1345 Avenue of the Americas, New York, New York 10105 and via a live webcast at https://www.cstproxy.com/finnovateacquisition/2025. Also, as a result of this change, the deadline for holders of Finnovate’s Class A ordinary shares issued in its initial public offering to submit their shares for redemption in connection with the Business Combination is being further extended to 5:00 p.m., Eastern time, on Thursday, March 13, 2025.

    The proposed resolutions to be considered at the Special Meeting remains the same as that set out in the definitive proxy statement and other relevant documents that was been mailed to shareholders of Finnovate as of the record date of January 6, 2025. SHAREHOLDERS OF FINNOVATE AND OTHER INTERESTED PARTIES ARE URGED TO READ, THE DEFINITIVE PROXY STATEMENT, AND AMENDMENTS THERETO IN CONNECTION WITH FINNOVATE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION, a copy of which can be accessed via the following link: https://www.sec.gov/Archives/edgar/data/1857855/000121390025001247/ea0226944-01.htm.

    Finnovate plans to continue to solicit proxies from shareholders during the period prior to the Special Meeting. Only the holders of Finnovate’s ordinary shares as of the close of business on January 6, 2025, the record date for the Special Meeting, are entitled to vote at the Special Meeting.

    About Finnovate Acquisition Corp.

    Finnovate Acquisition Corp. is a blank check company incorporated in the Cayman Islands with the purpose of acquiring one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. 

    Forward-Looking Statements

    The information in this Press Release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity and market share; references with respect to the anticipated benefits of the proposed transactions contemplated by the Business Combination Agreement (the “Business Combination”) and the projected future financial performance of Finnovate and the Company’s operating companies following the proposed Business Combination; changes in the market for the Company’s products and services and expansion plans and opportunities; the Company’s ability to successfully execute its expansion plans and business initiatives; ability for the Company to raise funds to support its business; the sources and uses of cash of the proposed Business Combination; the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Business Combination; the projected technological developments of the Company and its competitors; ability of the Company to control costs associated with operations; the ability to manufacture efficiently at scale; anticipated investments in research and development and the effect of these investments and timing related to commercial product launches; and expectations related to the terms, approvals and timing of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s and Finnovate’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and Finnovate. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; the inability to recognize the anticipated benefits of the Business Combination; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market, following the Business Combination, including having the requisite number of shareholders; costs related to the Business Combination; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of certain projected financial information with respect to the Company; the Company’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company’s ability to successfully collaborate with business partners; demand for the Company’s current and future offerings; risks that orders that have been placed for the Company’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination; the outcome of any legal proceedings that may be instituted against the Company, Finnovate, Pubco or others following announcement of the proposed Business Combination and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company’s peers and competitors; and those risk factors discussed in documents of Pubco and Finnovate filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Finnovate nor the Company presently know or that Finnovate and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Finnovate’s, Pubco’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. Finnovate, Pubco and the Company anticipate that subsequent events and developments will cause Finnovate’s, Pubco’s and the Company’s assessments to change. However, while Finnovate, Pubco and the Company may elect to update these forward-looking statements at some point in the future, Finnovate, Pubco and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by Finnovate. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Additional Information

    Pubco and the Company filed with the SEC a Registration Statement on Form F-4, which has been declared effective by SEC (the “Registration Statement”). The Registration Statement includes a definitive proxy statement of Finnovate and a prospectus in connection with the proposed Business Combination involving Finnovate, Pubco, Hero 1, Hero 2 and the Company pursuant to the Business Combination Agreement. The definitive proxy statement and other relevant documents has been mailed to shareholders of Finnovate as of the record date of January 6, 2025. SHAREHOLDERS OF FINNOVATE AND OTHER INTERESTED PARTIES ARE URGED TO READ, THE DEFINITIVE PROXY STATEMENT, AND AMENDMENTS THERETO IN CONNECTION WITH FINNOVATE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT FINNOVATE, THE COMPANY, PUBCO AND THE BUSINESS COMBINATION.

    Participants in The Solicitation

    Pubco, Finnovate, the Company, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Finnovate in connection with the Business Combination. Information regarding the officers and directors of Finnovate is set forth in the Registration Statement. Additional information regarding the interests of such potential participants are also included in the Registration Statement and other relevant documents to be filed or has been filed with the SEC.

    No Offer Or Solicitation

    This Press Release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    INVESTOR RELATIONS CONTACT

    Finnovate Acquisition Corp.
    Calvin Kung
    265 Franklin Street
    Suite 1702
    Boston, MA 02110
    +1 (424) 253-0908 

    The MIL Network

  • MIL-OSI: Banzai Launches CreateStudio 4.0, with Major A.I. Enhancements for Video Creation

    Source: GlobeNewswire (MIL-OSI)

    CreateStudio 4.0 Introduces New A.I. Builders, Hook Generators & Assistant, and Improved Audio Visualizer, Call to Action, and UI Improvements

    SEATTLE, Feb. 25, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the launch of CreateStudio 4.0, the latest version of its award-winning video creation app developed by its Vidello subsidiary.

    Vidello’s flagship product, CreateStudio, is a top-rated video creation app that enables users to produce eye-catching 3D character animations for social media and websites. Recognized as a Top 3 Best Rated product in the video maker category by Capterra and a High Performer by G21, CreateStudio continues to redefine video content creation.

    CreateStudio 4.0 was designed to help users build videos easier and faster with the power of A.I. The latest update includes three new A.I.-powered video builders:

    • Video Sales Letter (VSL) Builder: Answer seven simple questions about your product or service, and CreateStudio’s A.I. generates a compelling video sales script to help you sell effectively.
    • Explainer Video Builder: Quickly create an animated explainer video by providing a brief description, and selecting a 3D character, narrator, and music genre. The CreateStudio’s A.I. will then build an engaging animated 3D explainer video project for you.
    • A.I. Shorts Builder: Effortlessly generate social media-ready content. The A.I. creates scripts, voiceovers, images, and music, delivering a fully edited short video optimized for engagement.

    CreateStudio 4.0 Additional Features:

    • Audio Visualizer – Connect an audio track to display animated waveforms that show beats. This is great for music tracks, podcasts, and showcasing beats in an engaging way.
    • Call to Action – Drag and drop pre-made call-to-action scenes to the end of your videos to seamlessly enhance their effectiveness.
    • A.I. Hook Generator – Easily add an automatic hook title to any video. Just turn it on, and the A.I. will analyze the content of your video project to create an engaging title. This title will be displayed for the first few seconds of your video, designed to capture the attention of viewers scrolling through social media.
    • Image & Video Swap – Replace any image with a video—or vice versa—with a single click.
    • UI Improvements – A redesigned, color-coded timeline featuring video and image thumbnails for improved navigation.
    • A.I. Assistant – Includes A.I.-powered tools for image generation, text removal, image upscaling, object removal, background removal, and voiceover creation.
    • Publish Scenes – Publish individual scenes inside of a project.

    Joe Davy, Founder and CEO of Banzai, commented, “CreateStudio 4.0 is the result of valuable Vidello customer feedback and incorporates powerful new A.I. technology. This release empowers creators, business owners, and marketers with the easiest-to-use 3D animation software, enabling them to create high-impact videos that educate, explain, and sell anything online. We are excited for our existing and new users to experience the strength and versatility that this new software version offers.”

    Learn More About CreateStudio 4.0

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company visit www.vidello.com.

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    __________________________
    1 Source: https://www.g2.com/products/create-studio/reviews

    The MIL Network

  • MIL-OSI: Bango launches world’s first all-in-one Super Bundling technology

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bango (AIM: BGO) today announces the launch of the world’s first all-in-one technology for Super Bundling, allowing any business to build and launch a state-of-the art subscriptions hub.

    The new technology is part of the latest Digital Vending Machine® (DVM™) product release from Bango, which is used by leading subscriptions hubs like Verizon +play and Optus SubHub.

    The need for this technology follows rising demand from subscribers, with research from Bango showing that 35% have lost track of how much they pay for subscriptions, while 49% are annoyed they can’t manage all of their accounts and services in one place. As a result, 73% now want one single ‘hub’ for subscriptions.

    Super Bundling subscriptions hubs are increasingly used by telcos, banks and retailers to drive customer engagement, build loyalty and unlock new revenue streams, with 88% of telco leaders planning to launch a subscriptions hub.

    The new Digital Vending Machine CX provides the key functionality needed to deliver an all-in-one Super Bundling product, allowing telcos, banks, retailers and other businesses to:

    • Quickly launch a branded subscriptions hub with pre-built, responsive, templates for desktop and mobile screens
    • Connect and offer sophisticated deals with hundreds of subscription partners including leading streaming services like Netflix, Disney+, Amazon Prime and YouTube Premium
    • Analyze the performance of subscriptions, bundles and offers, tracking trends in activations and cancellations in real time

    Bango estimates that this white-label solution will save telcos and other resellers up to 18 months when developing and launching subscriptions hubs in future.

    Bundling just got easier

    The new DVM CX is one part of a wider update to the Digital Vending Machine®, designed to make all forms of subscription bundling easier for any content provider or reseller, from end to end.

    Key features of the new end-to-end update include:

    • Offer management including plan lifecycle: Effortlessly create and manage simple to complex subscription bundles with flexible pricing, discounts, and phased plans. Our powerful tools cut setup time from days to minutes, ensuring agility in launching and optimizing offers.
    • Migration engine: Migrate existing, live consumer subscriptions onto a Super Bundling hub with no loss of service.
    • Offer orchestration: Seamless, automated workflows that instantly activate subscriptions when customers select an offer. No delays, no friction – just fast, effortless onboarding.
    • Smart top ups: Purpose built to support Top Up business models for offers, providing hassle-free subscription top-ups and renewals without interrupting the subscriber’s service
    • Partner discovery: Explore and connect with over 100+ subscription services in the DVM ecosystem.

    This update is designed to break the current gridlock which is slowing down the creation and launch of subscription bundles and preventing many businesses from entering the market.

    As Paul Larbey, CEO at Bango explains: “For a growing number of subscribers, subscriptions are no longer experienced as a series of one-by-one direct purchases. Subscribers now want to combine services, create bespoke deals, renew on their own terms, and pay through a single, consolidated, transparent bill. This enhanced DVM enables many more businesses to provide this all-in-one experience, giving subscribers the flexibility and control they demand.

    “As telcos, retailers and banks start to offer these sophisticated subscription bundles, the DVM removes the roadblocks. By eliminating complex set-up and protracted launch schedules through more powerful technology, we’ve streamlined the entire process from end-to-end, while providing access to an ecosystem of over 100 subscription providers. The new configurable DVM CX is the final piece of this puzzle, opening up all-in-one Super Bundling to the market at large.”

    Find out more about Bango’s Digital Vending Machine®, the latest update and the new DVM CX here.

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit www.bango.com.

    Media contact:
    Anil Malhotra, CMO, Bango
    anil@bango.com
    Tel: +44 7710 480 377

    The MIL Network

  • MIL-OSI: Color Star Joins WBC for an Unforgettable Night in Boxing History

    Source: GlobeNewswire (MIL-OSI)

    New York, Feb. 25, 2025 (GLOBE NEWSWIRE) — Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), a global entertainment technology company specializing in the integration of artificial intelligence and technology in the entertainment industry, is thrilled to announce its participation in one of the most prestigious boxing events of the year.

    On February 22, 2025, Color Star had the distinct honor of being invited to the World Boxing Council (WBC) Championship Match at the Kingdom Arena in Riyadh, Saudi Arabia. This electrifying night will forever be etched in the hearts of boxing enthusiasts, as the world’s top light heavyweight champions, Artur Beterbiev and Dmitry Bivol, engaged in a highly anticipated rematch for the undisputed light heavyweight championship.

    The event, marking a significant highlight of the 2025 international boxing season, captured global attention and brought together some of the most influential figures in the sport. Among the distinguished guests were WBC President Mauricio Sulaimán, WBC Executive Secretary Leon Panoncillo, WBA Championship Committee Chairman Carlos Chávez, and Saudi Arabia’s General Entertainment Authority Chairman Turki Alalshikh, all of whom added prestige and excitement to this monumental occasion. Color Star CEO Louis Luo was also invited to witness this historic moment alongside these industry leaders.

    The competition featured a lineup of elite boxing champions from around the world. In addition to the main event between Beterbiev and Bivol, the co-main event saw Joseph Parker face Martin Bakole, who stepped in as a late replacement for Daniel Dubois due to illness.

    Other notable bouts included Shakur Stevenson defending his WBC Lightweight title against Josh Padley, following the withdrawal of Floyd Schofield.

    Color Star has been at the forefront of sports and entertainment innovation, continuously organizing and promoting world-class sporting events. The company’s invitation to this prestigious WBC event signifies its deepening partnership with the boxing world and paves the way for even more exciting collaborations in the future.

    As Color Star continues to bridge sports, technology, and entertainment, the company remains committed to delivering unforgettable boxing experiences to fans worldwide. With a passion for excellence and a vision for global sports entertainment, Color Star is poised to bring more premier boxing events to the world stage.

    Stay tuned for more groundbreaking developments as Color Star continues to redefine the future of sports and entertainment.

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    Contact

    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network

  • MIL-OSI USA: Planned retirements of U.S. coal-fired electric-generating capacity to increase in 2025

    Source: US Energy Information Administration

    In-brief analysis

    February 25, 2025


    Electricity generators plan to retire 12.3 gigawatts (GW) of capacity in 2025, a 65% increase in retirements compared with 2024. Last year, 7.5 GW was retired from the U.S. power grid, the least generation retired since 2011, according to data reported to us in our latest inventory of electric generators. Coal generating capacity accounts for the largest share of planned capacity retirements (66%), followed by natural gas (21%).

    Coal. Electric generators report that they plan to retire 8.1 GW of coal-fired capacity in 2025, or 4.7% of the total U.S. coal fleet that was in operation at the end of 2024. Coal retirements decreased to 4.0 GW last year, less than the 9.8 GW of coal capacity retired in each of the last 10 years.

    The largest U.S. coal plant that generators plan to retire this year is the 1,800-megawatt (MW) Intermountain Power Project in Utah, where an 840-MW natural gas combined-cycle power block is expected to come online in July. J H Campbell (1,331 MW) in Michigan and Brandon Shores (1,273 MW) in Maryland are two other large coal plants expected to retire this year.

    Natural gas. This year, generators plan to retire 2.6 GW of U.S. natural gas capacity, representing 0.5% of the natural gas fleet in operation at the end of 2024. Almost all of the expected retirements are simple-cycle natural gas turbine power plants, which burn natural gas in a single turbine to produce electricity and are less efficient compared with combined-cycle natural gas plants.

    More than 62% of the natural gas retirements will come from V H Braunig Units 1, 2, and 3 (859 MW) in Texas and Eddystone Units 3 and 4 (760 MW) in Pennsylvania. Both plants are retiring old steam units installed between 1966 and 1974. Another 29% of the natural gas retirements will come from 16 simple-cycle combustion turbines totaling 754 MW at the Tennessee Valley Authority’s (TVA) Johnsonville station in Tennessee. These units, installed in 1975, will be replaced with 10 new, modern aeroderivative gas turbines, which will add 500 MW of natural gas capacity back to the Johnsonville station.

    Petroleum. Petroleum-fired power plants make up around 2.3% of generating capacity in the United States. This year, 1.6 GW of U.S. petroleum-fired capacity is scheduled to retire. More than half of the retiring capacity comes from the Herbert A Wagner power plant in Maryland, where Talen Energy plans to retire three of its oil-fired units totaling 828 MW. The next-largest retirement comes from the TVA’s Allen power plant in Tennessee, where TVA plans to shut down its 20-unit combustion turbine site totaling 427 MW.


    Principal contributor: Office of Energy Statistics staff

    MIL OSI USA News

  • MIL-OSI: Cipher Mining Provides Fourth Quarter and Full Year 2024 Business Update

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter 2024 Net Earnings of $18m, and Adjusted Earnings of $51m

    Completed upgrade of Odessa fleet, increasing total self-mining hashrate to ~13.5 EH/s

    Completed acquisition of Stingray data center site, featuring 100 MW of front-of-the-meter capacity, all necessary regulatory approvals, and 250 acres of land adjacent to transmission assets

    Completed acquisition of additional 337 acres of land adjacent to Barber Lake site and entered into 60-day exclusivity for negotiations to build an additional 500 MW HPC data center adjacent to the current site

    NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”) today announced its fourth quarter and full year 2024 financial results, with an update on its operations and business strategy.

    “We had an extremely productive fourth quarter at Cipher, as we continued the on-time execution of our growth and expansion plans,” said Tyler Page, CEO. “We successfully upgraded our Odessa fleet, which grew our total self-mining hashrate to approximately 13.5 EH/s. We are also nearing the completion of Phase I of Black Pearl, which remains on track to energize in the second quarter of this year.”

    In addition, Cipher closed on the acquisition of Stingray, a data center site in West Texas with 100 MW of front-of-the-meter capacity. The Company also acquired 337 additional acres of land adjacent to its Barber Lake site, as well as entered into 60 days of exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the current site.

    “With our 2.8 GW pipeline and proven track record of execution, we are confident in our vision of becoming a leading data center developer for HPC infrastructure while remaining best-in-class in bitcoin mining,” said Mr. Page.

    Finance and Operations Highlights

    • Completed upgrade of the Odessa fleet, increasing total self-mining hashrate to ~13.5 EH/s
    • Completed acquisition of 100 MW Stingray data center site
    • Completed acquisition of additional 337 acres adjacent to Barber Lake site
    • Entered into exclusivity with Priority Power to negotiate building an additional 500 MW HPC data center adjacent to the Barber Lake site
    • Grew pipeline to 2.8 GW of site capacity with optionality for both HPC or bitcoin mining data centers
    • Construction of Phase I of Black Pearl, featuring 150 MW of capacity and expected to generate over ~9.5 EH/s, remains on track to energize in the second quarter of this year
    • Exercised S21 XP Bitmain option to support Phase I of Black Pearl
    • Q4 2024 net earnings of $18 million, or $0.05 per diluted share, and adjusted earnings of $51 million, or $0.14 per diluted share

    Business Update Call and Webcast

    The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com/. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Cipher

    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Forward Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its future results of operations and financial position, its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 to be filed with the Securities and Exchange Commission (“SEC”), and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Website Disclosure

    The company maintains a dedicated investor website at https://investors.ciphermining.com/investors (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

    Non-GAAP Financial Measures
    This press release includes supplemental financial measures for Adjusted Earnings (Loss) and Adjusted Earnings (Loss) per share – diluted, in each case that exclude the impact of (i) the non-cash change in fair value of derivative asset, (ii) share-based compensation expense, (iii) depreciation and amortization, (iv) deferred income tax expense, (v) nonrecurring gains and losses and (vi) the non-cash change in fair value of warrant liability. These supplemental financial measures are not measurements of financial performance under accounting principles generally accepted in the United Stated (“GAAP”) and, as a result, these supplemental financial measures may not be comparable to similarly titled measures of other companies. Management uses these non-GAAP financial measures internally to help understand, manage, and evaluate our business performance and to help make operating decisions. We believe the use of these non-GAAP financial measures can also facilitate comparison of our operating results to those of our competitors by excluding certain items that vary in our industry based on company policy.

    Non-GAAP financial measures are subject to material limitations as they are not in accordance with, or a substitute for, measurements prepared in accordance with GAAP. For example, we expect that share-based compensation expense, which is excluded from the non-GAAP financial measure, will continue to be a significant recurring expense over the coming years and is an important part of the compensation provided to certain employees, officers and directors. Similarly, we expect that depreciation and amortization will continue to be a recurring expense over the term of the useful life of the related assets. Our non-GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our consolidated financial statements included elsewhere in this press release, which have been prepared in accordance with GAAP. We rely primarily on such consolidated financial statements to understand, manage and evaluate our business performance and use the non-GAAP financial measures only supplementally.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    Courtney.knight@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    CIPHER MINING INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except for share and per share amounts)
     
      December 31, 2024   December 31, 2023
    ASSETS      
    Current assets      
    Cash and cash equivalents $ 5,585     $ 86,105  
    Accounts receivable   596       622  
    Receivables, related party   2,090       245  
    Prepaid expenses and other current assets   3,387       3,670  
    Bitcoin   92,651       32,978  
    Receivable for bitcoin collateral   32,248        
    Derivative asset   31,648       31,878  
    Total current assets   168,205       155,498  
    Restricted cash   14,392        
    Property and equipment, net   480,865       243,815  
    Deposits on equipment   38,872       30,812  
    Intangible assets, net   8,881       8,109  
    Investment in equity investees   53,908       35,258  
    Derivative asset   54,022       61,713  
    Operating lease right-of-use asset   12,561       7,077  
    Security deposits   19,782       23,855  
    Other noncurrent assets   3,958        
    Total assets $ 855,446     $ 566,137  
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities      
    Accounts payable $ 22,699     $ 4,980  
    Accounts payable, related party         1,554  
    Accrued expenses and other current liabilities   69,824       22,439  
    Finance lease liability, current portion   3,798       3,404  
    Operating lease liability, current portion   3,127       1,166  
    Short-term borrowings   32,330        
    Warrant liability         250  
    Total current liabilities   131,778       33,793  
    Asset retirement obligation   20,282       18,394  
    Finance lease liability   7,331       11,128  
    Operating lease liability   9,833       6,280  
    Deferred tax liability   4,269       5,206  
    Total liabilities   173,493       74,801  
    Commitments and contingencies (Note 13)      
    Stockholders’ equity      
    Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2024, and December 31, 2023          
    Common stock, $0.001 par value, 500,000,000 shares authorized, 361,432,449 and 296,276,536 shares issued as of December 31, 2024 and December 31, 2023, respectively, and 350,783,817 and 290,957,862 shares outstanding as of December 31, 2024, and December 31, 2023, respectively   361       296  
    Additional paid-in capital   863,015       627,822  
    Accumulated deficit   (181,412 )     (136,777 )
    Treasury stock, at par, 10,648,632 and 5,318,674 shares at December 31, 2024 and December 31, 2023, respectively   (11 )     (5 )
    Total stockholders’ equity   681,953       491,336  
    Total liabilities and stockholders’ equity $ 855,446     $ 566,137  
    CIPHER MINING INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except for share and per share amounts)
     
      Year Ended December 31,
        2024       2023  
    Revenue – bitcoin mining $ 151,270     $ 126,842  
    Costs and operating (expenses) income      
    Cost of revenue   (62,364 )     (50,309 )
    Compensation and benefits   (60,796 )     (57,399 )
    General and administrative   (32,655 )     (27,796 )
    Depreciation and amortization   (102,448 )     (59,093 )
    Change in fair value of derivative asset   (7,921 )     26,836  
    Power sales   5,405       9,941  
    Equity in losses of equity investees   (384 )     (2,530 )
    Unrealized gains on fair value of bitcoin   11,313       3,299  
    Realized gains on sale of bitcoin   51,548       7,739  
    Other gains   3,333       2,355  
    Total costs and operating expenses   (194,969 )     (146,957 )
    Operating loss   (43,699 )     (20,115 )
    Other income (expense)      
    Interest income   3,384       164  
    Interest expense   (1,708 )     (1,999 )
    Change in fair value of warrant liability   250       (243 )
    Other expense   (2,544 )     (17 )
    Total other income (expense)   (618 )     (2,095 )
    Loss before taxes   (44,317 )     (22,210 )
    Current income tax expense   (1,255 )     (201 )
    Deferred income tax benefit (expense)   937       (3,366 )
    Total income tax benefit (expense)   (318 )     (3,567 )
    Net loss $ (44,635 )   $ (25,777 )
    Loss per share – basic and diluted $ (0.14 )   $ (0.10 )
    Weighted average shares outstanding – basic and diluted   323,103,303       252,439,461  


    Non-GAAP Financial Measures

    The following are reconciliations of our Adjusted Earnings (Loss) and Adjusted Earnings (Loss) per share – diluted, in each case excluding the impact of (i) the non-cash change in fair value of derivative asset, (ii) share-based compensation expense, (iii) depreciation and amortization, (iv) deferred income tax expense, (v) nonrecurring gains and losses and (vi) the non-cash change in fair value of warrant liability, to the most directly comparable GAAP measures for the periods indicated (in thousands, except for per share amounts):

      Year Ended December 31,
        2024       2023  
    Reconciliation of Adjusted Earnings:      
    Net loss $ (44,635 )   $ (25,777 )
    Change in fair value of derivative asset   7,921       (26,836 )
    Share-based compensation expense   42,132       38,470  
    Depreciation and amortization   102,448       59,093  
    Deferred income tax expense   (937 )     3,366  
    Other gains – nonrecurring         (2,355 )
    Change in fair value of warrant liability   (250 )     243  
    Adjusted (loss) earnings $ 106,679     $ 46,204  
           
           
      Year Ended December 31,
        2024       2023  
    Reconciliation of Adjusted Earnings per share – diluted:      
    Net loss per share – diluted $ (0.14 )   $ (0.10 )
    Change in fair value of derivative asset per diluted share   0.02       (0.11 )
    Share-based compensation expense per diluted share   0.13       0.15  
    Depreciation and amortization per diluted share   0.32       0.23  
    Deferred income tax expense per diluted share         0.01  
    Other gains – nonrecurring per diluted share         (0.01 )
    Change in fair value of warrant liability per diluted share          
    Adjusted (loss) earnings per diluted share $ 0.33     $ 0.17  

    The MIL Network

  • MIL-OSI: Bitdeer Reports Unaudited Financial Results for the Fourth Quarter and Full Year of 2024

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today released its unaudited financial results for the fourth quarter ended December 31, 2024.

    Q4 2024 Financial Highlights
    All amounts compared to Q4’23 unless otherwise noted

    • Total revenue was US$69.0 million vs. US$114.8 million.
    • Cost of revenue was US$63.9 million vs. US$87.8 million.
    • Gross profit was US$5.1 million vs. US$27.0 million.
    • Net loss was US$531.9 million vs. US$5.0 million.
    • Adjusted EBITDA1 was negative US$3.8 million, vs. positive US$33.32 million.
    • Cash and cash equivalents were US$476.3 million as of December 31, 2024.
    • Crypto balance: US$77.5 million as of December 31, 2024.

    Management Commentary

    “Last year, we strategically prioritized resources to the development of our proprietary ASIC technology, which temporarily limited our hashrate growth and impacted our financial performance. However, this investment resulted in substantial progress in our ASIC technology roadmap, strengthening our competitive moat and positioning Bitdeer for a transformative 2025 and beyond. Owning and deploying our own mining ASICs is an integral part of our full vertical integration strategy. It will provide us distinct advantages – such as rapid hashrate deployment, a lower cost structure, enhanced capital efficiency, and a dramatically improved supply chain compared to the broader industry. In addition, commercializing SEALMINER ASICs allows us to diversify our revenue streams into the multi-billion dollar ASICs market where we see strong demand for alternative suppliers of ASIC solutions,” stated Matt Kong, Chief Business Officer at Bitdeer.

    Mr. Kong added, “In 2025, for our self-mining operation, we plan to energize all of our mass production SEALMINER A1s and 28 EH/s of SEALMINER A2s on top of our existing 8.7 EH/s of self-mining hashrate for the time being. This will bring Bitdeer’s total self-mining hashrate to approximately 40 EH/s by Q4 2025. This target does not factor in additional wafer allocation anticipated from TSMC for SEAL02 or SEAL03, which could be additive to the Q4 2025 target of 40 EH/s, depending on manufacturing schedule. For sales to external customers, the approximately 7 EH/s of SEALMINER A2s that we allocated was quickly over-subscribed, 20% of the total price as the down payment has been fully collected and volume shipments to these customers will begin in March 2025.”

    Mr. Kong continued, “In Q4 2024, we also advanced the development of our 3rd and 4th generation chips. Upon successful tapeouts, we believe these chips will position Bitdeer as the leading supplier of the world’s most energy efficient mining ASICs. Having the most efficient ASIC is the key factor to winning share of the growing ASICs market, as energy efficiency remains most important single metric influencing buying decisions. We look forward to the substantial value these chips will unlock for our company and our shareholders.”

    Mr. Kong concluded, “In terms of our energy assets, our global power capacity now exceeds 2.6 GWs, following the Foxcreek, Alberta acquisition, and over 1 GW is scheduled to be energized over the course of 2025. This puts us in an advantageous position to deploy our SEALMINER machines for self-mining and also capitalize on the significant demand for HPC and AI datacenters. We are actively working with top datacenter developers and advisors to establish long-term partnerships, which will position Bitdeer to play a significant role in addressing the shortage of reliable power for AI datacenters.”

    Operational Summary

    Metrics Three Months Ended Dec 31
      2024 2023
    Total hash rate under management (EH/s) 21.6 21.0
    – Proprietary hash rate 8.9 8.4
    – Self-mining 8.5 6.7
    – Cloud Hash Rate 0.0 1.7
    – Delivered but not yet hashing 0.4
    – Hosting 12.7 12.6
    Mining rigs under management 175,000 215,000
    – Self-owned 85,000 86,000
    – Hosted 90,000 129,000
    Bitcoin mined (self-mining only) 469 1,299
    Bitcoins held 594 43
    Total power usage (MWh) 857,000 1,336,000
    Average cost of electricity ($/MWh) 41 44
    Average miner efficiency (J/TH) 30.4 31.7


    Power Infrastructure Summary

    Site / Location Capacity (MW) Status Timing3
    Electrical capacity      
    – Rockdale, Texas 563 Online Completed
    – Knoxville, Tennessee 86 Online Completed
    – Wenatchee, Washington 13 Online Completed
    – Molde, Norway 84 Online Completed
    – Tydal, Norway 50 Online Completed
    – Gedu, Bhutan 100 Online Completed
    Total electrical capacity 8954    
    Pipeline capacity      
    – Tydal, Norway Phase 1 40 In progress Pending Regulatory Approval
    – Tydal, Norway Phase 2 135 In progress Mid 2025
    – Massillon, Ohio 221 In progress Mid-to-late 2025
    – Clarington, Ohio Phase 1 266 In progress Q3 2025
    – Clarington, Ohio Phase 2 304 Pending approval Estimate 2026
    – Jigmeling, Bhutan 500 In progress Mid-to-late 2025
    – Rockdale, Texas 179 In planning Estimate 2026
    – Alberta, Canada 99 In planning Q4 2026
    Total pipeline capacity 1,744    
    Total global electrical capacity 2,639    


    Financial MD&A
    All variances are current quarter compared to the same quarter last year. All figures in this section are rounded.

    Q4 2024 High-Level P&L and Disaggregated Revenue Details:

    US $ in millions Three Months Ended
      Dec 31, 2024 Sep 30, 2024 Dec 31, 2023
    Total revenue 69.0  62.0  114.8 
    Cost of revenue (63.9) (59.2) (87.8)
    Gross profit 5.1  2.8  27.0 
    Net loss (531.9) (50.1) (5.0)
    Adjusted EBITDA (3.8) (8.5) 33.32 
    Cash and cash equivalents 476.3  291.3  144.7 
    US $ in millions Three Months Ended Dec 31, 2024
    Business lines Self-Mining Cloud Hash Rate General Hosting Membership Hosting
    Revenue 41.5 2.3 8.5 12.4
    Cost of revenue        
    – Electricity cost in operating mining rigs (22.3) (0.1) (5.8) (7.0)
    – Depreciation and share-based payment expenses (12.2) (0.6) (1.2) (1.8)
    – Other cash costs (4.0) (0.3) (0.8) (1.2)
    Total cost of revenue (38.5) (1.0) (7.8) (10.0)
    Gross profit 3.0 1.3 0.7 2.4
    US $ in millions Three Months Ended Dec 31, 2023
    Business lines Self-Mining Cloud Hash Rate General Hosting Membership Hosting
    Revenue 46.9 16.2 25.2 23.4
    Cost of revenue        
    – Electricity cost in operating mining rigs (20.3) (4.3) (16.1) (17.2)
    – Depreciation and share-based payment expenses (9.7) (3.8) (2.6) (2.4)
    – Other cash costs (3.0) (1.0) (1.6) (1.6)
    Total cost of revenue (33.0) (9.1) (20.3) (21.2)
    Gross profit 13.9 7.1 4.9 2.2


    Full Year 2024 High-Level P&L and Disaggregated Revenue Details:

    US $ in millions Years Ended
      Dec 31, 2024 Dec 31, 2023
    Total revenue 349.8 368.5
    Cost of revenue (283.4) (290.7)
    Gross profit 66.4 77.8
    Net loss (599.2) (56.7)
    Adjusted EBITDA 39.4 97.02
    Cash and cash equivalents 476.3 144.7
    US $ in millions Year Ended Dec 31, 2024
    Business lines Self-Mining Cloud Hash Rate General Hosting Membership Hosting
    Revenue 163.1 39.8 67.6 64.0
    Cost of revenue        
    – Electricity cost in operating mining rigs (91.1) (7.5) (39.6) (41.0)
    – Depreciation and share-based payment expenses (39.1) (8.4) (8.4) (8.2)
    – Other cash costs (11.8) (2.5) (4.3) (4.5)
    Total cost of revenue (142.0) (18.4) (52.3) (53.7)
    Gross profit 21.1 21.4 15.3 10.3
    US $ in millions Year Ended Dec 31, 2023
    Business lines Self-Mining Cloud Hash Rate General Hosting Membership Hosting
    Revenue 111.7 67.9 97.3 79.9
    Cost of revenue        
    – Electricity cost in operating mining rigs (52.3) (17.1) (54.6) (55.5)
    – Depreciation and share-based payment expenses (29.2) (19.7) (13.2) (10.7)
    – Other cash costs (8.3) (5.3) (7.5) (6.6)
    Total cost of revenue (89.8) (42.1) (75.3) (72.8)
    Gross profit 21.9 25.8 22.0 7.1


    Q4 2024 Management’s Discussion and Analysis (compared to Q4 2023)

    Revenue

    • Total revenue was US$69.0 million vs. US$114.8 million.
    • Self-mining revenue was US$41.5 million vs. US$46.9 million, primarily due to the effect of the April 2024 halving and higher global network hashrate, partially offset by the increase in the average self-mining hashrate for the quarter by 20.0% to 8.4 EH/s from 7.0 EH/s last year and higher year-over-year Bitcoin prices.
    • Cloud Hash Rate revenue was US$2.3 million vs. US$16.2 million. The decline was primarily due to expiration of long-term Cloud Hashrate contracts and subsequent reallocation of nearly all machines to self-mining operations over the course of 2024.
    • General Hosting revenue was US$8.5 million vs. US$25.2 million. The decline was primarily due to the expiration of certain hosting customer contracts as well as the removal of older and less efficient machines by other hosting customers following the April 2024 halving as a result of reduced mining economics.
    • Membership Hosting revenue was US$12.4 million vs. US$23.4 million. Similar to general hosting, the decline was primarily driven by customers scaling down operations for older and less efficient rigs following the April 2024 halving as a result of reduced mining economics.

    Cost of Revenue

    • Cost of revenue was US$63.9 million vs US$87.8 million. The decrease was primarily driven by lower depreciation expenses as certain mining rigs became fully depreciated and the decrease of power usage along with the reduced hosted mining rigs.

    Gross Profit and Margin

    • Gross profit was US$5.1 million vs. US$27.0 million.
    • Gross margin was 7.4% vs. 23.5%.

    Operating Expenses

    • The sum of the operating expenses below was US$42.5 million vs. US$27.4 million.
      • Selling expenses were US$2.0 million vs. US$2.0 million, flat year-over-year.
      • General and administrative expenses were US$17.7 million vs. US$17.1 million. The increase was primarily due to an increase in staff costs for general and administrative personnel and consulting fee for capital market and compliance activities, partially offset by lower share-based payment expenses.
      • Research and development expenses were US$22.9 million vs. US$8.3 million, primarily due to higher R&D costs related to higher engineering costs related to the Company’s ASIC development roadmap and non-cash amortization expenses of intangible assets related to the acquisition of FreeChain.

    Other Net Loss

    • In Q4 2024, we recorded US$479.8 million other net loss primarily due to the non-cash expense of fair value changes of derivative liabilities, which are the US$413.7 million of loss on fair value changes for the convertible notes issued in August and November and the US$55.8 million of loss on fair value changes for the Tether warrants.

    Net Loss

    • Net loss was US$531.9 million vs. US$5.0 million.

    Adjusted Profit / (Loss) (Non-IFRS)5

    • Adjusted loss was US$36.9 million vs. adjusted profit of US$4.52 million. The change was primarily due to the year-over-year revenue decline, lower gross profit margins and higher operating expenses as described above.

    Adjusted EBITDA (Non-IFRS)

    • Adjusted EBITDA was negative US$3.8 million vs. positive US$33.32 million. The decrease was primarily due to the year-over-year revenue decline, lower gross profit margins as a result of the halving and higher R&D as described above.

    Cash Flows

    • Net cash used in operating activities was US$325.1 million, primarily driven by electricity costs and operating expenses for the quarter as well working capital payments to TSMC of US$190.6 million for SEAL02 and US$52.8 million for the tapeout of SEAL03, including risk wafers.
    • Net cash used in investing activities was US$10.0 million, which included US$48.4 million of capital expenditures for infrastructure construction and mining rigs, offset by US$38.8 million of proceeds from disposal of cryptocurrencies received from our principal business.
    • Net cash generated from financing activities was US$522.8 million, primarily driven by the proceeds from our convertible note issuance in November and ATM program.

    Balance Sheet
    As of December 31, 2024 unless stated otherwise (compared to December 31, 2023)

    • US$476.3 million in cash and cash equivalents, US$77.5 million in cryptocurrencies and US$208.1 million in borrowing.
    • US$310.2 million prepayments and other assets, up from US$97.1 million. Change primarily driven by advanced payments to TSMC for our SEAL02 mass volume production.
    • US$64.9 million inventories, up from nearly zero. Increase mainly including wafers, chips, WIP and finished SEALMINER inventory.
    • US$83.2 million intangible assets and US$35.8 million goodwill mainly raised from acquisition of Norway and Freechain during the year of 2024.
    • US$763.9 million derivative liabilities mainly due to the issuance of warrants to Tether, and convertible senior notes issued in August and November.

    Further information regarding the Company’s fourth quarter 2024 financial and operations results can be found on the SEC’s website https://sec.gov and the Company’s Investor Relations website https://ir.bitdeer.com.

    CEO 10b5-1 Trading Plan
    In December 2024, Jihan Wu, Chairman of the Board and Chief Executive Officer of the Company, entered into a plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Plan”). The Plan provides for sales of securities of the Company and is in accordance with the Company’s Insider Trading Policy. Subject to minimum price thresholds specified in the Plan, up to 4,000,000 of ordinary shares of the Company may be sold on multiple pre-determined dates starting in March 2025 and ending no later than the earlier of June 15, 2025 or the date that the aggregate number of ordinary shares sold under the Plan reaches 4,000,000.

    About Bitdeer Technologies Group
    Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, please visit https://ir.bitdeer.com/ or follow Bitdeer on X @BitdeerOfficial and LinkedIn @ Bitdeer Group.

    Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

    Forward-Looking Statements
    Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward- looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.


    BITDEER GROUP 
    UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
             
        As of December 31,   As of December 31,
    (US $ in thousands)   2024   2023
    ASSETS        
    Cash and cash equivalents   476,270     144,729  
    Cryptocurrencies   77,537     15,371  
    Trade receivables   9,627     17,277  
    Amounts due from a related party   15,512     187  
    Prepayments and other assets   310,173     97,087  
    Inventories   64,888     346  
    Financial assets at fair value through profit or loss   42,521     37,775  
    Restricted cash   17,356     9,538  
    Mining rigs   67,324     63,477  
    Right-of-use assets   69,273     58,626  
    Property, plant and equipment   251,377     154,860  
    Investment properties   30,723     34,346  
    Intangible assets   83,235     4,777  
    Goodwill   35,818      
    Deferred tax assets   6,220     991  
    TOTAL ASSETS   1,557,854     639,387  
             
    LIABILITIES        
    Trade payables   31,471     32,484  
    Other payables and accruals   42,267     32,151  
    Amounts due to a related party   8,747     33  
    Income tax payables   2,729     3,367  
    Derivative liabilities   763,939      
    Deferred revenue   129,229     144,337  
    Borrowings   208,127     22,618  
    Lease liabilities   78,133     70,211  
    Deferred tax liabilities   16,614     1,620  
    TOTAL LIABILITIES   1,281,256     306,821  
             
    NET ASSETS   276,598     332,566  
             
    EQUITY        
    Share capital   *     *  
    Treasury equity   (160,926)     (2,604)  
    Accumulated deficit   (649,004)     (49,853)  
    Reserves   1,086,528     385,023  
    TOTAL EQUITY   276,598     332,566  
             

    * Amount less than US$1,000


    BITDEER GROUP UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                     
        Three months ended Dec 31,   Years ended Dec 31,
    (US $ in thousands)   2024   2023   2024   2023
             
    Revenue6   69,018     114,848     349,782     368,554  
    Cost of revenue   (63,919)     (87,804)     (283,382)     (290,745)  
    Gross profit   5,099     27,044     66,400     77,809  
    Selling expenses   (1,952)     (2,005)     (8,044)     (8,246)  
    General and administrative expenses   (17,668)     (17,134)     (64,317)     (66,454)  
    Research and development expenses   (22,898)     (8,306)     (76,946     (29,534)  
    Listing fee               (33,151)  
    Other operating income / (expenses)   (3,670)     3,073     727     3,791  
    Other net gain / (loss)   (479,778)     1,068     (507,479)     3,538  
    Profit / (loss) from operations   (520,867)     3,740     (589,659)     (52,247)  
    Finance income / (expenses)   (11,811)     1,179     (11,935)     1,276  
    Profit / (loss) before taxation   (532,678)     4,919     (601,594)     (50,971)  
    Income tax benefit / (expenses)   761     (9,950)     2,443     (5,685)  
    Loss for the periods   (531,917)     (5,031)     (599,151)     (56,656)  
    Other comprehensive loss                
    Loss for the periods   (531,917)     (5,031)     (599,151)     (56,656)  
    Other comprehensive loss for the periods                
    Item that may be reclassified to profit or loss                
    – Exchange differences on translation of financial statements   (234)     (43)     (218)     (26)  
    Other comprehensive loss for the periods, net of tax   (234)     (43)     (218)     (26)  
    Total comprehensive loss for the periods   (532,151)     (5,074)     (599,369)     (56,682)  
                     
    Loss per share (Basic and diluted)   (3.22)     (0.05)     (4.36)     (0.51)  
                     
    Weighted average number of shares outstanding (thousands) (Basic and diluted)   165,427     111,055     137,426     110,494  
    BITDEER GROUP UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     
        Three months ended
    Dec 31,
      Years ended
    Dec 31,
    (US $ in thousands)   2024   2023   2024   2023
                     
    Cash flows from operating activities                
    Cash used in operating activities   (321,629)     (76,963)     (613,167)     (283,868)  
    Interest paid on leases   (902)     (659)     (3,473)     (2,605)  
    Interest paid on borrowings   (2,216)     (940)     (3,952)     (2,181)  
    Interest received   1,653     2,033     7,115     7,572  
    Income tax paid   (1,964)     (1,347)     (8,596)     (1,500)  
    Income tax refund       10,795         10,795  
    Net cash used in operating activities   (325,058 )   (67,081)     (622,073)     (271,787)  
                     
    Cash flows from investing activities                
    Purchase of property, plant and equipment, investment properties and intangible assets   (42,617)     (25,324)     (119,487)     (63,305)  
    Purchase of mining rigs   (5,766)     (107)     (7,731)     (63,041)  
    Purchase of financial assets at fair value through profit or loss, net of refund received   (425)         (2,776)     (4,400)  
    Proceeds from disposal of financial assets at fair value through profit or loss               31,111  
    Repayments from a related party       322         322  
    Lending to a third party               (61)  
    Proceeds from disposal of property, plant and equipment   54     44     298     73  
    Proceeds from disposal of mining rigs       27         27  
    Proceeds from disposal of cryptocurrencies   38,794     97,083     248,447     299,128  
    Cash paid for business acquisitions, net of cash acquired           (6,051)      
    Net cash generated from / (used in) investing activities   (9,960)     72,045     112,700     199,854  
                     
    Cash flows from financing activities                
    Capital element of lease rentals paid   (6,540)     (1,183)     (9,676)     (5,191)  
    Net payment related to Business Combination               (7,662)  
    Repayments of borrowings   (10,000)         (15,000)     (7,000)  
    Proceeds from issuance of shares for exercise of share rewards   4,412     412     5,170     412  
    Proceeds from issuance of ordinary shares and warrants, net of transaction costs   321,918     9,494     485,108     9,494  
    Payment for the future issuance cost       (942)         (942)  
    Acquisition of treasury shares       (2,495)     (617)     (2,604)  
    Proceeds from convertible senior notes, net of transaction costs   387,917         554,214      
    Repayment to convertible senior notes in connection with note extinguishment   (14,932)         (14,932)      
    Purchase of zero-strike call option   (160,000)         (160,000)      
    Net cash generated from / (used in) financing activities   522,775     5,286     844,267     (13,493)  
                     
    Net increase / (decrease) in cash and cash equivalents   187,757     10,250     334,894     (85,426)  
    Cash and cash equivalents at the beginning of the period   291,314     134,512     144,729     231,362  
    Effect of movements in exchange rates on cash and cash equivalents held   (2,801)     (33)     (3,353)     (1,207)  
    Cash and cash equivalents at the end of the period   476,270     144,729     476,270     144,729  
                     

    Use of Non-IFRS Financial Measures
    In evaluating the Company’s business, the Company considers and uses non-IFRS measures, adjusted EBITDA and adjusted profit / (loss), as supplemental measures to review and assess its operating performance. The Company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, further adjusted to exclude the listing fee and share-based payment expenses under IFRS 2, changes in fair value of derivative liabilities, loss on extinguishment of debt, changes in fair value of holdback shares for acquisition of FreeChain, and changes in fair value of cryptocurrency-settled receivables and payables, and defines adjusted profit/(loss) as profit/(loss) adjusted to exclude the listing fee and share-based payment expenses under IFRS 2, changes in fair value of derivative liabilities, loss on extinguishment of debt, changes in fair value of holdback shares for acquisition of FreeChain, and changes in fair value of cryptocurrency-settled receivables and payables.

    The Company presents these non-IFRS financial measures because they are used by its management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-IFRS measures facilitate investors’ assessment of its operating performance. These measures are not necessarily comparable to similarly titled measures used by other companies. As a result, investors should not consider these measures in isolation from, or as a substitute analysis for, the Company’s loss for the periods, as determined in accordance with IFRS. The Company compensates for these limitations by reconciling these non-IFRS financial measures to the nearest IFRS performance measure, all of which should be considered when evaluating its performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.

    The following table presents a reconciliation of loss for the relevant period to adjusted EBITDA and adjusted profit / (loss), for the three and twelve months ended December 31, 2024 and 2023.


    BITDEER GROUP NON-IFRS ADJUSTED EBITDA AND ADJUSTED PROFIT / (LOSS) RECONCILIATION
                     
        Three months ended Dec 31,   Years ended Dec 31,
    (US $ in thousands)   2024   2023   2024   2023
                     
    Adjusted EBITDA                
    Loss for the periods   (531,917)     (5,031)     (599,151)     (56,656)  
    Add:                
    Depreciation and amortization   25,116     19,654     81,096     75,541  
    Income tax (benefit) / expenses   (761)     9,950     (2,443)     5,685  
    Interest (income) / expense, net   8,729     (753)     10,050     (2,872)  
    Listing fee               33,151  
    Share-based payment expenses   8,658     11,322     33,968     45,488  
    Changes in fair value of derivative liabilities   469,501         498,167      
    Loss on extinguishment of debt   8,172         8,172      
    Changes in fair value of holdback shares for acquisition of FreeChain   2,970         3,186      
    Changes in fair value of cryptocurrency-settled receivables and payables   5,733     (1,810)     6,362     (3,305)  
    Total of Adjusted EBITDA   (3,799)     33,3322     39,407     97,0322  
                     
    Adjusted Profit / (loss)                
    Loss for the periods   (531,917)     (5,031)     (599,151)     (56,656)  
    Add:                
    Listing fee               33,151  
    Share-based payment expenses   8,658     11,322     33,968     45,488  
    Changes in fair value of derivative liabilities   469,501         498,167      
    Loss on extinguishment of debt   8,172         8,172      
    Changes in fair value of holdback shares for acquisition of FreeChain   2,970         3,186      
    Changes in fair value of cryptocurrency-settled receivables and payables   5,733     (1,810)     6,362     (3,305)  
    Total of Adjusted Profit / (loss)   (36,883)     4,4812     (49,296)     18,6782  
                     

    For investor and media inquiries, please contact:

    Investor Relations
    Yujia Zhai
    Orange Group
    bitdeerIR@orangegroupadvisors.com

    Public Relations
    Nishant Sharma
    BlocksBridge Consulting
    bitdeer@blocksbridge.com


    1 “Adjusted EBITDA” is defined as earnings before interest, taxes, depreciation and amortization, further adjusted to exclude the listing fee and share-based payment expenses under IFRS 2, changes in fair value of derivative liabilities, loss on extinguishment of debt, changes in fair value of holdback shares for acquisition of FreeChain, and changes in fair value of cryptocurrency-settled receivables and payables.
    2 During the current period, we revised definition of our previously reported non-IFRS Adjusted Profit and Adjusted EBITDA and recast the prior period for comparability. This revision, which resulted in a US$1.8 million and US$3.3 million revision to Q4 2023 and Year-ended 2023 metrics, respectively, reflects non-cash fair value changes in crypto settled receivables and payables as they do not represent normal operating expenses (or income) necessary to operate our business.
    3 Indicative timing. All timing references are to calendar quarters and years.
    4 Figures may not add due to rounding.
    5 “Adjusted profit/(loss)” is defined as profit/(loss) adjusted to exclude the listing fee and share-based payment expenses under IFRS 2, changes in fair value of derivative liabilities, loss on extinguishment of debt, changes in fair value of holdback shares for acquisition of FreeChain, and changes in fair value of cryptocurrency-settled receivables and payables.
    6 Included nil and approximately US$17.2 million generated from hosting service provided to a related party for the three months and year ended December 31, 2024.

    The MIL Network

  • MIL-OSI United Kingdom: City set to rock in aid of charity at annual Mayors Fest

    Source: City of Wolverhampton

    It is one of the biggest fundraising events of the year for the Mayor of Wolverhampton Councillor Linda Leach’s Charitable Fund, in aid of the Beacon Centre, Age UK Wolverhampton and The Samaritans Wolverhampton.

    It opens on Friday 4 April at 7.30pm with a show at The Giffard Arms, Victoria Street, headlined by Doomsday Outlaw.

    The main event is on Saturday 5 April at KK’s Steel Mill, Frederick Street. Doors open at 1pm and headlining will be the hugely popular band Massive Wagons, whose last 4 albums have gone to the top of the UK Rock and Metal Album charts.

    Other bands on the main stage include the Virginmarys, Gin Annie, The Karma Effect, Takeaway Thieves, White Tyger and Soul Revival.

    There will be acoustic acts on the small stage in between, providing non-stop music throughout the day.

    The Giffard Arms is again the venue for the Mayors Fest’s closing gigs on Sunday 6 April; doors open at 12pm, with Seize the Void as the main act.

    Tickets are available for all venues from ticketweb – search “Mayors Fest”.

    Mayor of Wolverhampton Councillor Leach said: “I’d like to thank Doddy White and his Rockers Through the Ages team for all the hard work they have put in to organise this weekend of great rock music, along with the venues KK’s Steel Mill and The Giffard Arms for agreeing to host the festival.

    “If you like your music live and loud then please come along and have a great time at any one of the 3 shows, at the same time knowing you are doing your bit to raise money for 3 fantastic local charities, which makes it a genuine win-win situation for everyone.

    “I’m looking forward to visiting KK’s on the Saturday so hopefully I’ll see you there.”

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: English rendering of PM’s speech during the Jhumoir Binandini programme in Guwahati, Assam

    Source: Government of India (2)

    Posted On: 24 FEB 2025 8:43PM by PIB Delhi

    Bharat Mata ki – Jai!

    Bharat Mata ki – Jai!

    Governor of Assam, Shri Lakshman Prasad Acharya ji, the dynamic Chief Minister Himanta Biswa Sarma ji, my colleagues in the Union Government Dr. S. Jaishankar and Sarbananda Sonowal, Chief Minister of Tripura Manik Saha ji, other ministers, members of Parliament, members of the Legislative Assembly, all artist friends, and my brothers and sisters of Assam,  

    Greetings to everybody! How are you all my brothers and sisters?  

    I extend my heartfelt greetings to all of you.  

    I am extremely delighted to be present here today.

    Brothers and sisters,

    Today, there is an incredible atmosphere here in Assam—an environment full of energy. This entire stadium is resonating with enthusiasm, joy, and excitement. The preparation of all the artists performing the Jhumoir dance is visible everywhere. This magnificent preparation carries both the fragrance and beauty of the tea gardens. And you all know, who would understand the aroma and colour of tea better than a tea seller?  That is why, just as you have a special connection with Jhumoir and the culture of tea gardens, I, too, share a bond with it.  

    Friends,

    When such a large number of artists perform the Jhumoir dance together, it will set a new record. Previously, when I visited Assam in 2023, more than 11,000 people performed the Bihu dance together and created a record. I can never forget that moment! Even those who watched it on TV still remind me of it again and again.  Today, I am eagerly waiting for another such spectacular performance. I congratulate the Assam government and the dynamic Chief Minister Himanta Biswa Sarma ji for organising this grand cultural event.

    Today is a proud day for Assam’s tea community and indigenous people. I extend my best wishes to everyone on this occasion.

    Friends,

    Such grand events not only add to Assam’s pride but also showcase Bharat’s great diversity. I have just been informed that more than 60 ambassadors from different countries around the world are present here to experience Assam. There was a time when Assam and the Northeast were neglected in terms of development, and their rich culture was overlooked. But today, the Northeast’s culture has its own brand ambassador—Modi himself. I am the first Prime Minister to stay in Assam’s Kaziranga and introduce the world to its biodiversity. Just now, Himanta Da described this, and all of you stood up to express your gratitude. A few months ago, we granted Assamese the status of a Classical Language, a recognition that the people of Assam had been waiting for decades. Similarly, Charaideo Maidam has been included in the UNESCO World Heritage list, and the efforts of the BJP government played a significant role in making this possible.

    Friends,

    Assam takes great pride in its brave son, Veer Lachit Borphukan, who fiercely resisted the Mughals and protected Assam’s culture and identity. We celebrated his 400th birth anniversary on a grand scale, and his tableau was also featured in the Republic Day parade, where the entire nation paid tribute to him. Here in Assam, a 125-foot bronze statue of Lachit Borphukan has also been constructed. Similarly, to honour the legacy of the tribal communities, we have started celebrating Janjatiya Gaurav Diwas (Tribal Pride Day). Assam’s Governor Lakshman Prasad ji himself comes from a tribal background and has reached this position through his dedication and hard work. To immortalize the contributions of tribal heroes and heroines across the country, tribal museums are also being established.

    Friends,

    The BJP government is not only driving Assam’s development but also serving the Tea Tribe community. To increase the income of tea garden workers, a bonus has been announced for Assam Tea Corporation workers. A major challenge faced by our sisters and daughters working in tea gardens was financial insecurity during pregnancy. Today, around 1.5 lakh women are receiving 15,000 rupees as financial assistance during pregnancy so that they do not have to worry about expenses. For the health of these families, the Assam government is establishing over 350 Ayushman Arogya Mandirs in tea gardens. Additionally, more than 100 Model Tea Garden Schools have already been opened to ensure quality education for their children, with around 100 more in the pipeline. We have also introduced a 3% reservation under the OBC quota for the youth of the Tea Tribe. The Assam government is further supporting them by providing 25,000 rupees as financial assistance for self-employment. The growth of the tea industry and its workers will accelerate the development of all of Assam, and our Northeast region will reach new heights of progress. 

    Now, as you are about to begin your magnificent performance, I extend my heartfelt gratitude in advance. I am confident that all of Bharat will celebrate your dance today! TV channels are eagerly waiting for it to begin, and the whole country and the world will witness this grand performance. A big thank you to everyone for the wonderful Jhumoir performance. Stay well, and I look forward to meeting you again. Thank you very much!

    Bharat Mata ki – Jai!

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News

  • MIL-OSI: Castellum, Inc. Announces Its GTMR Subsidiary Has Been Selected as a SCI MAC Vendor

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Feb. 25, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its Global Technology and Management Resources, Inc. (“GTMR”) subsidiary has been selected as a Special Compartmented Information Multiple Award Contract (“SCI MAC”) vendor, supporting the Intelligence Division of Naval Air Warfare Center – Aircraft Division (“NAWCAD”). This single pool unrestricted Indefinite Delivery Indefinite Quantity (“IDIQ”) contract, which was effective as of February 21, 2025, has a ceiling of $249 Million that will be shared among the selected awardees on the SCI MAC.

    Castellum/GTMR will engage with a wide range of customers across the U.S. Department of Defense, providing analytical, technical, and managerial efforts in the areas of acquisition, analysis, research and engineering, test and evaluation, logistics, training, and program management, as well as IT and Software Development Support. Castellum/GTMR will support Naval Air Systems Command (“NAVAIR”) across all aspects of the Acquisition Life Cycle of various platforms and systems, as well as intelligence and threat support to numerous research, development, test, and evaluation activities. This contract vehicle is intended to provide general contractor support services requiring access to intelligence and threat information at various classification levels to enable NAVAIR, subordinate Commands, Program Executive Offices, and subordinate Programs to execute their mission.

    “Another important strategic win for our CTM Team as we continue our strong momentum to posture CTM, through our subsidiary companies of GTMR, SSI and Corvus, for vigorous and enduring organic growth. The federal government has increasingly shaped its acquisition strategy over the past few years to leverage IDIQ MAC’s and on follow Task Orders as their primary acquisition strategy, and Government Contracting companies must win an ‘invitation to a seat at the ‘table’ to be able to compete for new opportunities. This win is especially significant as we will have that all-important ‘seat at the table’ to help support one of our primary and strategic mission customers and their vital classified programs that directly impact our warfighters and their ability to ensure our national security. This is precisely where we want to be as CTM: helping to build as many essential and strategically enduring opportunities as we can to support mission-critical programs with our world-class CTM team and bring our unmatched technology services and solutions to our warfighters,” said Glen Ives, President and Chief Executive Officer of Castellum.

    About Castellum, Inc.:

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

    Cautionary Statement Concerning 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. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from its contracts with SCI MAC and NAVAIR and other customers, improvements to cost structure, and profitability. 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 materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its 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. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. 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. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

    Contact:

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e355a09-de05-4150-b0bf-af06a2535f06

    The MIL Network

  • MIL-OSI: T-Max Lending LLC Successfully Closes $34.2 Million Acquisition of a Premier Multifamily Commercial Property in Baton Rouge, Louisiana

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 25, 2025 (GLOBE NEWSWIRE) — T-Max Lending LLC is pleased to announce the successful closing of a $34.2 million acquisition of a premier multifamily commercial property in Baton Rouge, Louisiana. This strategic investment underscores T-Max Lending’s commitment to supporting high-quality housing developments in key markets across the country.

    The newly acquired property is a modern, upscale multifamily community designed to offer residents a comfortable and convenient living experience. The Property features a range of top-tier amenities, including Upgraded Resort-Style Swimming Pool, New Fitness Center Outfitted with high-end exercise equipment, including cardio machines, free weights, and a yoga studio, Pet-Friendly Enhancements and upgraded Security & Parking Facilities Improved gated entry systems and expanded parking options.

    “We are excited to add this exceptional property to our portfolio,” said Mason, Loan Officer at T-Max Lending LLC. “Baton Rouge is a growing market with strong demand for high-quality rental communities, and this acquisition aligns perfectly with our mission to provide residents with modern, well-appointed living spaces. We believe this property will set a new standard for multifamily living in the region.”

    With a prime location near major employment centers, shopping districts, universities, and entertainment hubs, the property offers both convenience and accessibility, making it an attractive option for professionals, families, and students alike. The strong economic growth in Baton Rouge further reinforces the long-term potential of this investment.

    T-Max Lending LLC continues to seek strategic investment opportunities in dynamic and high-growth markets, reinforcing its commitment to fostering community-focused developments that enhance the residential experience. As the company expands its footprint, it remains dedicated to delivering top-tier housing solutions that prioritize comfort, security, and modern living.

    For more information about T-Max Lending LLC and its lending services, please contact:

    T-Max Lending LLC
    Info@tmaxlending.com
    619 259 0177
    www.tmaxlending.com

    The MIL Network

  • MIL-OSI: JOYY Closes Sale of YY Live

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that JOYY entered into agreements with Baidu, Inc. (NASDAQ: BIDU) (“Baidu”) with respect to the sale of the video-based entertainment live streaming business in mainland China previously owned by the Company (known as YY Live), for an aggregate purchase price of approximately US$2.1 billion in cash. The Company previously received approximately US$1.86 billion in February 2021, and, today, the Company received additional cash consideration of approximately US$240 million.

    About JOYY Inc.

    JOYY is a leading global technology company with a mission to enrich lives through technology. JOYY currently operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY’s ADSs have been listed on the NASDAQ since November 2012.

    Safe Harbor Statement

    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in JOYY’s filings with the SEC. All information provided in this press release is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Relations Contact

    JOYY Inc.
    Jane Xie/Maggie Yan
    Email: joyy-ir@joyy.com

    ICR, Inc.
    Robin Yang
    Email: joyy@icrinc.com

    The MIL Network

  • MIL-OSI: CLEAR, an Official TSA PreCheck® Enrollment Provider, Expands Enrollment and Renewal Options by Opening a New Location at Plaza Las Américas

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR’s first non-airport location in San Juan for TSA PreCheck enrollment and renewal services, complementing its 55 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through CLEAR are also available at select Staples stores nationwide.

    The launch of this new enrollment location represents the ongoing expansion of CLEAR’s national TSA PreCheck enrollment footprint. Throughout 2025, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals.

    “TSA PreCheck Enrollment through CLEAR provides a fast and efficient travel experience,” said CLEAR CEO Caryn Seidman-Becker. “We’re excited to bring this trusted traveler program to Plaza Las Américas, the Caribbean’s largest shopping center, delivering greater convenience with expanded enrollment options beyond the airport.”

    “Plaza Las Américas is proud to offer TSA PreCheck enrollment with CLEAR,” said Edwin Tavárez, General Manager at Plaza Las Américas.“As the Caribbean’s largest shopping center and a key destination for travelers, this new service provides added convenience for our visitors, making it easier than ever to prepare for a seamless airport experience.”

    Hours of operation at Plaza Las Américas are Monday through Saturday from 11 a.m. AST to 7 p.m. AST, and Sunday from Noon AST to 7 p.m. AST. The location is on level 1 of Plaza Las Americas, across from the Lacoste store. Enter via the entrance near the Genesis store, proceed straight ahead, and take a right before the escalator. Look for the TSA PreCheck through CLEAR standing banners and pods.

    TSA PreCheck members benefit from the convenience of keeping shoes, belts and light jackets on through the airport security checkpoint, and keeping laptops and 3-1-1 compliant liquids in carry-on bags. Members typically get through security screening much faster, with about 99% of members waiting less than 10 minutes at airport checkpoints nationwide.

    New TSA PreCheck applicants can pre-enroll or find an enrollment location by visiting the authorized CLEAR’s authorized TSA PreCheck website, https://tsaprecheckbyclear.tsa.dhs.gov/. Most existing TSA PreCheck members can renew directly on the website, regardless of the provider they enrolled with originally.

    A list of CLEAR enrollment locations for TSA PreCheck is included below, and on the CLEAR, TSA PreCheck website: https://tsaprecheckbyclear.tsa.dhs.gov/locations.

    About TSA PreCheck®

    TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at over 200 airports with nearly 100 airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 20 million members.

    About CLEAR
    CLEAR’s mission is to create frictionless experiences. With over 27 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    About Plaza Las Américas
    Plaza Las Américas is the leading shopping center in Puerto Rico and the Caribbean. It is part of a family-owned group of Puerto Rican companies with a commercial tradition that began at the 19th century. The shopping center has over 300 retailers and services, including around 50 food stands or restaurants, and 15 movie theaters. With 2 million square feet, Plaza Las Américas is located in the heart of the San Juan Metropolitan Area, adjacent to the central business district of the Island, and 15 minutes away from the port of San Juan, the Luis Muñoz Marín International Airport, the Convention Center and most of the hotels in the metropolitan area.

    Forward-Looking Statements
    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    CLEAR
    media@clearme.com  

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI United Kingdom: Liverpool marks the third anniversary of the full-scale invasion of Ukraine by Russia

    Source: City of Liverpool

    People from across Liverpool will come together with members of the Liverpool branch of the Association of Ukrainians in Great Britain to mark the 3rd anniversary of the invasion of Ukraine.

    A service will take place at Liverpool Parish Church of St Nicholas on Monday 24 February at 6.30pm, which will include an introduction from the Lord Mayor of Liverpool, Councillor Richard Kemp and a bible reading by the Kings Representative on Merseyside, the Lord Lieutenant, Mark Blundell.

    There will be moving music performances by Ukrainian choirs. The Rev Bill Addy, of the Parish Church will conduct the service jointly with rev. dr Taras Khomych the Ukrainian Priest and Chair of the AUGB Liverpool Branch.

    On Monday, there will also be a gathering at St Luke’s Church (the Bombed Out Church) at 5.30pm.

    For more information and to reserve a space at the service, please visit the dedicated eventbrite page.

    The event organiser, Liuda Sergiienko said: “We believe that it is important that on the third anniversary of the invasion of our country by Russia, we remined people of the problems that our country is facing. It also gives us the opportunity to show our gratitude for the help we have received from the people of Liverpool. Above all it is an opportunity to remind people that Ukrainians are dying in the field of battle to protect not only our borders and land but also to protect the Eastern border of Europe as a whole.”

    Liverpool’s Lord Mayor, Cllr Richard Kemp said: “We are pleased that the Ukrainian community in the wider Liverpool area are uniting on this anniversary to remind us of the terrible sacrifices being made by the Ukrainian Armed Forces as they stand against our common enemy, Russia. I have been privileged to attend many Ukraine events and know how much help they are receiving from each other and the wider community. We hope that peace will soon come to their country and that they will soon be able to go home. In the meantime, we are pleased to be able to support their work in this Country and recognise the colour and vitality that they bring to our City.”

    MIL OSI United Kingdom

  • MIL-OSI Europe: ASIA/PHILIPPINES – Sister Ana, a missionary among young Filipinos: this is how we help them discover their talents

    Source: Agenzia Fides – MIL OSI

    Tuesday, 25 February 2025

    Photo: Suor Ana Palma

    by Pascale RizkSan Carlos (Agenzia Fides) – A few days ago the seventh edition of the “Asian Mission” initiative ended, which this year had the motto “Made for a mission. Made for peace”. The event brought together 50 participants, including eight young people from Japan, five from the diocese of Daejon in South Korea, five from the Philippine diocese of Nampicuan and two from San Fabian, as well as 30 young people from the “Servants Missionary Youth” group from Malasiqui. The meeting, organized by the Congregation of the Servants of the Gospel of the Divine Mercy, takes place once a year and was held from February 6 to 16 in San Carlos, in the Philippine province of Pangasinan.”While young people in the Philippines suffer from poverty, young people in South Korea and Japan suffer from their families’ crushing expectations of success within a very competitive, rigid and demanding social system that causes a high suicide rate. The Asia Mission initiative aims to support all these young people,” says Sister Ana Palma, a Spanish missionary who has been in the Philippines with her community since 2015. “By creating this space, we want to sensitize young people to realities that are different from their own.””They should experience ‘human fraternity’ by being able to participate in pastoral activities with young people, children and university students. At the Pangasinan State University, young people meet with the university pastoral staff to share experiences of life in their respective societies and discuss ways to promote peace. In general, games, workshops and key meetings are held on human values such as freedom of expression, human dignity and work, depending on the age group,” explains the nun.San Carlos is 122 kilometers from Manila and is characterized by great poverty. It is usually the fathers who provide for the families by working in agriculture; families are made up of an average of five or six people and the most common work is building bamboo houses, called “Bahay-kubo”. The daily wage is 450 pesos, which is about 9,900 pesos a month, or about 200 euros. Women who do the cleaning work receive 350 pesos a day. With this income, families cannot afford to send all their children to university, and they only choose those who have the best prospects of success.The different needs of these young people also include the financial aspect. The parishes promote university scholarships of 1,500 pesos (about 26 euros) per month for the entire academic year. “My community sponsors 20 students with financial support of 1,750 pesos – 360 euros per year – from private donors,” adds Sister Ana, who continues: “Our work with young people aims above all to give them the confidence to change their lives. We encourage them to discover their potential, their talents and abilities. They are all very gifted, but at the same time they are crushed by the reality of poverty, which always makes them underestimate their potential.”According to Sister Ana, young people who are unable to continue their studies at university help their fathers with construction work, and the girls act as “laundresses,” washing the clothes by hand for families who do not have washing machines. It also happens that girls enrolled in university have difficulty paying the exam fees and therefore turn to prostitution.In addition to their work with young people, the missionaries of the Congregation of the Servants of the Gospel of Divine Mercy are involved in children’s catechism in parishes, in the distribution of the Eucharist to the elderly from door to door and in various educational, recreational and entertainment programs for young people. Every week, the missionary community meet with the youth group of the “Servants Missionary Youth” to pray. “The strength and power of prayer is very important. Filipino Catholics have a strong sense of popular piety,” emphasizes the missionary from Granada.”I am very happy that these young people, who come from very poor families – I know, for example, a family with up to fourteen members – can study at university. Many study nursing, political science or education. It is beautiful to see how they mature through open-mindedness,” says Sister Ana, “Even if, unfortunately,” reports Sister Ana, “today many are leaving the Catholic Church to join the ‘Born Again’ sect, attracted by music and animation”. (Agenzia Fides, 25/2/2025)
    Photo: Suor Ana Palma

    Photo: Suor Ana Palma

    Photo: Suor Ana Palma

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    MIL OSI Europe News

  • MIL-OSI: Bitget Enhances Recruitment Efficiency with AI, Cutting Hiring Time by 38%

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.

    Key Takeaways

    • The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
    • AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
    • Recruitment costs dropped by 25% due to automated hiring workflows.
    • Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
    • AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.

    Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.

    Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.

    To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.

    The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.

    “With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”

    Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.

    To know more about Bitget’s AI usage in hiring, check the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6645e120-7461-4af0-9253-b5353f2d5350

    The MIL Network

  • MIL-OSI United Kingdom: Extra energy bill support for the country

    Source: United Kingdom – Executive Government & Departments

    Press release

    Extra energy bill support for the country

    The government is bringing forward strengthened support for millions of households to help pay their energy bills next winter.

    • Nearly 3 million more families would be eligible to receive the £150 Warm Home Discount next winter under new proposals to help people with their energy bills
    • 1 in 5 families in Britain would get help with their bills through these proposals, giving households a helping hand to deal with an unpredictable international energy market
    • comes alongside plans to accelerate a debt relief scheme which will help tackle debt and reduce households’ energy costs

    Almost 3 million more households, including almost 1 million households with children, would get support to pay their energy bills next winter, as the government consults on proposals to offer more support to consumers across the country.  

    Due to global gas price spikes this winter and the continued impacts of Russia’s invasion of Ukraine, the energy regulator Ofgem has announced today (Tuesday 25 February) an increase in the energy price cap for April to June 2025. This price is set independently of the government, reflecting changes in wholesale prices and global markets. 

    In response, the government is acting to protect billpayers by consulting on the expansion of the Warm Home Discount, giving eligible households £150 off their energy bills. This would bring around 2.7 million households into the scheme – pushing the total number of households that would receive the discount next winter up to an estimated 6.1 million.

    Energy Secretary Ed Miliband said:

    This is worrying news for many families.

    This government is determined to do everything we can to protect people from the grip of fossil fuel markets. Expanding the Warm Home Discount can help protect millions of families from rising energy bills, offering support to consumers across the country.

    Alongside this, the way to deliver energy security and bring down bills for good is to deliver our mission to make Britain a clean energy superpower- with homegrown clean power that we in Britain control.

    The government will also work closely with Ofgem to accelerate proposals on a potential debt relief scheme, first consulted on last year, to target unsustainable debt built up during the energy crisis.  

    The proposed debt support scheme, alongside the Warm Home Discount, is an important first step to cut the costs of servicing bad debt, which is currently contributing to higher bills for all billpayers. Under these plans, the target would be to reduce the debt allowance to pre-crisis levels, with Ofgem estimating that these plans could lower these costs by £25 to £30 per year. 

    This additional support for households complements the government’s mission to make Britain a clean energy superpower, delivering energy security and bringing down bills for good. The expected rise in the price cap shows once again the cost of remaining reliant on the unstable global fossil fuel markets that are driving price increases. Three years on from Russia’s invasion of Ukraine, wholesale gas prices have now risen by 15% compared to the previous price cap period, which is directly affecting the cost of generating power and heating of homes. Moving to a power system based on homegrown, clean energy will reduce the UK’s reliance on volatile markets and protect billpayers. 

    To achieve this, government has set out the most ambitious reforms of the UK’s energy system in a generation. Within its first 8 months in office, the government has lifted the onshore wind ban, established Great British Energy, approved nearly 3 GW of solar, delivered a record-breaking renewables auction and kickstarted the carbon capture and hydrogen industries in the UK. Reforms to nuclear planning rules have also been introduced to clear a path for smaller, and easier to build nuclear reactors – helping to deliver energy security, grow the economy and deliver clean, cheap energy.

    Ofgem CEO Jonathan Brearley said:

    Energy debts that began during the energy crisis have reached record levels and without intervention will continue to grow. This puts families under huge stress and increases costs for all customers.

    We’re developing plans that could give households with unmanageable debt the clean slate they need to move forward. We welcome the government’s support for these plans, and their plans to expand the Warm Home Discount, which will also offer financial help to nearly 3 million more households that need it most.

    While the government presses on with the clean power mission, swift action has already been taken to shield energy consumers from high prices. These measures include:

    • extended the Household Support Fund to provide help through local councils to struggling households with essential costs, including energy bills
    • worked with energy suppliers to negotiate a £500 million winter support package for consumers
    • rolled out the next steps of the Warm Homes Plan, which will upgrade 300,000 homes this financial year
    • consulting on boosting living standards in the private rented sector by requiring all private landlords in England and Wales to meet Energy Performance Certificate (EPC) C or equivalent in their properties by 2030, which will help a million renters out of fuel poverty
    • announced a comprehensive review of the energy regulator Ofgem, empowering it to facilitate growth and innovation and become a stronger champion for consumers
    • driving forward with pro-consumer reforms: 

      • challenging unlawful back billing; taking action on inaccurate bills
      • driving the smart meter rollout
      • giving every family the option of a zero standing charge tariff, so they have more choice in how they pay for their energy
      • ensuring compensation for wrongful installation of prepayment meters

    In addition, government has also moved quickly to protect working people from wider cost of living pressures, including:

    • helping to keep prices down at the pumps by freezing fuel duty for an additional 12 months, saving motorists £3 billion in 2025 to 2026
    • targeting support with the largest increase to the Carer’s Allowance earnings limit since it was introduced in 1976 – worth £41 a week
    • capping the amount that can be deducted cut from Universal Credit payments when repaying short-term loans and debts, saving 1.2 million of the poorest families in the UK £420 a year on average
    • through the government’s commitment to the Triple Lock, millions will see their State Pension rise by up to £1,900 over this parliament

    Taken together, these reforms will help to improve the lives of working people and put more money in their pockets, secure home-grown energy and kickstart economic growth, as part of the Prime Minister’s Plan for Change. Through this ambitious programme, the government will deliver a decade of national renewal and fix the foundations of the country.

    Notes to editors

    The consultation sets out proposals to expand the reach of the Warm Home Discount Scheme by removing the high-cost-to-heat threshold in the current Warm Home Discount (England and Wales) Regulations 2022 (for winter 2025 to 2026) and increasing the level of spend available in Scotland for suppliers to allocate through the Broader Group. All households in receipt of means-tested benefits would then be eligible to receive the £150 electricity bill rebate. 

    If you live in England and Wales, you currently qualify for the Warm Home Discount if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit and have high energy costs.

    If you live in Scotland, you currently qualify if you either get the Guarantee Credit element of Pension Credit, are on a means tested benefit in Scotland and / or meet your energy supplier’s criteria for the scheme.

    Further information on the Warm Home Discount scheme can be found here: Warm Home Discount Scheme: Overview 

    Ofgem’s confirmation that they would progress work on the proposed debt relief scheme can be found here: Debt Strategy.

    Ofgem’s consultation on establishing a debt relief scheme closed on Thursday 6 February. The consultation document can be found here: Resetting the energy debt landscape: the case for a debt relief scheme.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom