Nashville, February 6, 2024 – HIVE Digital Applied sciences Ltd (NASDAQ: HIVE ) and Bitcoin Journal Saying “FUD Fighters,” a brand new initiative aimed toward educating in opposition to the numerous false narratives put ahead by Bitcoin critics. The “FUD Fighters” sequence will embody 4 in-depth analysis articles written by business consultants aimed toward countering the errors, biases and deceptive narratives that search to mislead the general public about Bitcoin.Via this initiative, HIVE and Bitcoin Journal It goals to spotlight the sensible advantages of this expertise via a data-driven strategy, thereby denouncing blatantly false reporting by conventional media, consultants and biased researchers. “FUD Fighters” will present the Bitcoin neighborhood with a rebuttal to widespread “FUD” (worry, uncertainty, doubt) in order that the neighborhood can strengthen its counterattack in opposition to Bitcoin’s integration into monetary markets, energy infrastructure, and social norms The power to lie.
As the primary Bitcoin media group (based in 2012), Bitcoin Journal has been educating the general public about Bitcoin and Bitcoin mining for over a decade, devoted to offering high-quality journalism in regards to the interior workings of the Bitcoin ecosystem. Since Bitcoin entered mainstream cultural and political conversations, the expertise has been unduly maligned by conventional curiosity teams for being inefficient, harmful, or wasteful. Like HIVE, Bitcoin Journal believes these assertions are fully unfounded and, in lots of instances, replicate biases, motivated reasoning, and cognitive distortions prevalent among the many people and establishments that Bitcoin is poised to disrupt.
HIVE Govt Chairman Frank Holmes in a press release Bitcoin JournalStating the significance of Bitcoin schooling amid an general lack of goal protection:
“At HIVE, we’re keen about supporting and defending the Bitcoin community of 17,000 lively nodes, not just for the advantage of our shareholders, but additionally as a result of we consider Bitcoin has the distinctive skill to be a transportable, scarce, and supply of digital wealth. .
Evidently entities which might be crucial of gold or different various asset lessons are taking a harsher stance on Bitcoin. The commentary highlights a broader sample of resistance to various shops of worth and decentralized, moveable property by conventional monetary establishments, financial institution lobbyists and international unelected establishments such because the Financial institution for Worldwide Settlements.
Goal reporting within the Bitcoin house is uncommon, making it essential for traders to independently search information and understanding. We hope our “FUD Fighters” occasion in partnership with Bitcoin Journal, a long-time Bitcoin pioneer and HIVE enterprise companion, will just do that. The FUD is over now. “
Mark Goodwin, Bitcoin JournalEditor-in-Chief:
“For these of us engaged on Bitcoin, we’ve got now come to anticipate the occasional inarticulate however very talked-about media marketing campaign. From unlucky criticism of its power use, to its expertise opponents describing their very own inappropriate Projecting conduct onto Bitcoin, and the all the time basic moralizing of particular person self-determination, these assaults are clichés and reveal the motivations behind the expropriators.
As everyone knows, Bitcoin Journal as a publication has a standpoint, and that standpoint is that Bitcoin is a constructive expertise price combating for due to the advantages it brings to humanity. To this finish, schooling and goal journalism are crucial to selling public dialogue that brings collectively the reality. FUD Fighters makes an attempt to clear up the murky waters of Bitcoin discourse by highlighting rebuttals from consultants who’ve taken the time to crunch the numbers and outcomes. Transcend the floor. Their conclusions typically contradict the unfounded claims that vested pursuits favor to be accepted as reality. “
The primary a part of the FUD Warriors sequence – a response to a brand new UNU report – comes from Margot Paez, a PhD scholar in civil engineering and researcher (mining and power) on the Bitcoin Coverage Institute. Margot is writing her doctoral thesis at Georgia Tech on the interaction between Bitcoin mining and Power Heart information modeling. Paes’ FUD Fighters article will present a pointy rebuttal of UNU’s defective, distorted and defective methodology and the coverage suggestions it makes.
About Bitcoin Journal
Bitcoin Journal is the world’s first publication protecting Bitcoin, offering a global viewers with progressive concepts, breaking information and international affect on the intersection of finance, expertise and Bitcoin. Bitcoin Journal is situated in Nashville, Tennessee and printed by BTC Media. For the newest Bitcoin information, go to BitcoinMagazine.com.
About HIVE Digital Expertise
HIVE Digital Applied sciences Ltd. went public in 2017, changing into the primary cryptocurrency mining firm to commerce on the Toronto Inventory Alternate Enterprise Alternate, specializing in sustainable inexperienced power.
HIVE is a development expertise inventory within the rising blockchain business. As an organization whose shares commerce on main inventory exchanges, we’re constructing bridges between the digital foreign money and blockchain house and conventional capital markets. HIVE has inexperienced power information heart amenities in Canada, Sweden and Iceland, and we’re dedicated to utilizing geothermal power and hydropower to mine digital property comparable to Bitcoin on the cloud.
Since early 2021, HIVE has been securely storing nearly all of its ETH and BTC from mining rewards. Our shares supply traders the chance for working earnings from digital foreign money mining in addition to a Bitcoin portfolio. Since HIVE additionally owns onerous property comparable to information facilities and superior multi-purpose servers, we consider our shares present traders with a sexy approach to acquire publicity to the cryptocurrency house.
