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23 years after the September 11 attacks, the anniversary of 9/11 has become an inspiring symbol of unity in a deeply polarized America

9/11 Day

Over the past 23 years, the 9/11 Day nonprofit has successfully transformed the anniversary of the 9/11 terrorist attacks into the largest annual day of service in American history, now recognized under federal law. But it’s accomplished far more than that. 9/11 Day has turned the September 11 National Day of Service and Remembrance into a remarkable symbol, and practical expression, of national unity in America. For 9/11 this year, more than 30 million Americans are expected to participate in the 9/11 Day observance. Some will volunteer through local non-profits, faith-based groups, or their employers. Some will make donations to charities of their choice, and many others will simply spend part of the day in remembrance of those lost, engaging in their own expressions of service and kindnesses. They will be joined by thousands of corporations, nonprofits, schools, elected officials, and others that will remember and pay tribute by recreating, in some measure, the extraordinary spirit of compassion and service that arose in the nation in the days and weeks following the 9/11 tragedy. “There’s no better way for all Americans to honor those killed and injured on 9/11, and the many who rose in service in response to the attacks, than for all of us and our governmental leaders to put aside our differences for at least a day and join together in unity to help others in need,” said David Paine, president and co-founder of 9/11 Day. Jay Winuk, executive vice president and 9/11 Day co-founder, lost his younger brother Glenn Winuk in the 9/11 attacks at the World Trade Center. Glenn, an attorney and volunteer firefighter and EMT, was killed in the line of duty when the World Trade Center South Tower collapsed. “Like so many first responders, Glenn dedicated his life in service to others,” Winuk said. “That kind of compassion and dedication is inspirational to many. When we engage in good deeds and acts of service, it demonstrates the best in us, brings us together as human beings, and represents an ideal way to mark the anniversary of 9/11, now and in the future.” 9/11 Day: America’s “Day of Doing Good;” Meal Packs Staged in 21 U.S. Cities This September 11, more than 30,000 volunteers are expected to take part in 9/11 Day’s annual signature service projects, known as “Meal Packs for 9/11 Day,” which have expanded in 2024 to 21 cities across America. At these large-scale projects, volunteers will collectively assemble more than eight million non-perishable, shelf-stable meals for Americans at risk of hunger. All of the meals will be donated to local Feeding America-affiliated food banks serving these communities in observance of September’s “Hunger Action Month.” These service events are supported in part by a federal grant from AmeriCorps, the federal agency that oversees the nation’s volunteer service initiatives. More than 500 corporations are participating in this year’s 9/11 Day Meal Pack across the nation. Together with many other employers that also mark 9/11 through volunteerism, 9/11 Day has evolved to become the largest single day of corporate volunteer engagement in America. Among the lead national corporate funders of 9/11 Day’s program are Reliance, Inc. and Delta Air Lines. Other major corporate partners participating nationally include JPMorgan Chase, Pfizer, Citi, Tractor Supply Company, Stifel, KBW, Western Alliance Bank, Nestlé, and Holland & Knight. 9/11 Day’s Meal Pack projects will be held this year in Atlanta, Boston, Chicago, Cincinnati, Cleveland, Columbus, Dallas-Ft. Worth, Denver, Detroit, Houston, Los Angeles, Minneapolis-Saint Paul, Nashville, New York City, Philadelphia (in partnership with the NFL’s Philadelphia Eagles), Phoenix, San Jose, Seattle, St. Louis, Tampa and Washington, DC. Individuals who wish to volunteer at these special projects can visit 911day.org/volunteer for more information. Space is limited. Teaching 9/11 to a New Generation, Through Service With nearly 100 million Americans having been born since the September 11, 2001, terrorist attacks, 9/11 Day has continued to provide students with meaningful and inspiring ways to learn not just about the 9/11 tragedy, but about the spirit of unity that arose in America, and throughout the world, in response to the attacks. “This year we are delivering a brand new set of free educator lessons and activities, aimed at giving teachers the tools they need to inspire service in their classrooms and communities on September 11,” Paine said. These new materials are now available free of charge at 911day.org/teachers. With grant funding from AmeriCorps, 9/11 Day is also supporting service activities for college-age students. In partnership with 11 college campuses across the country, students will pack nearly one million meals for those in need in their local communities. 2024 grantees include Boise State University, Illinois State University, John Jay College of Criminal Justice, Monroe College, Morgan State University, Otterbein University, Capital University, Denison University, Ohio Wesleyan University, SUNY Oneonta, The Ohio State University, University of New England, The University of North Carolina at Chapel Hill, the University of South Dakota, and UNG - University of North Georgia. Also with funding from AmeriCorps, 9/11 Day is providing more than $200,000 in grants supporting three outstanding organizations — Boys & Girls Clubs of America, the National Youth Leadership Council, and the Young Men's Service League - YMSL. Together, these organizations will involve over 3,200 youths across 60 events nationwide. AmeriCorps funding also is being provided through 9/11 Day to several 9/11-related organizations, including the 9/11 Memorial & Museum, World Cares Center, and Voices Center for Resilience. Close to $100,000 is being allocated to support service, remembrance and disaster preparedness projects of these organizations. The 9/11 Day nonprofit, founded in 2002, led the successful efforts in 2009 to formally establish September 11 under federal law as an annually recognized National Day of Service and Remembrance as part of the bi-partisan Edward M. Kennedy Serve America Act. September 11 is now the largest annual day of charitable engagement in U.S. history. For more information, contact 9/11 Day at info@911day.org. b-Roll/Videos: Available HERE # # # Comments from Leading Corporations “Reliance wholeheartedly embraces the spirit of service and unity that 9/11 Day represents. We are deeply proud to be a National Presenting Sponsor and to contribute to alleviating food insecurity by supporting 17 Meal Packs across the country. This effort reflects our commitment to supporting and benefiting local communities made up of families just like our own.” - Karla Lewis, President and Chief Executive Officer of Reliance, Inc. ___ “Serving others is at the core of what we do at JPMorgan Chase, and that is especially true in our hometown. This year, hundreds of our employees are once again demonstrating our commitment to New York City and to honoring the nearly 3,000 people who lost their lives on September 11 th by serving their neighbors in need. Together with millions of Americans, we hope this day of service will recognize the selfless acts of so many 23 years ago.” - Jeanine Carlucci, Head of Talent and Employee Experience, JPMorgan Chase ___ “At 14 sites across the U.S., nearly 500 of Western Alliance Bank’s people are proudly participating in the 9/11 Day Meal Pack. The 9/11 National Day of Service presents a powerful reminder that we can come together in a spirit of unity and giving back, even after the darkest days in history. At Western Alliance, giving back to our communities is very meaningful to our culture. We are pleased to honor the legacy of 9/11’s victims, survivors, first responders, and members of our military who bravely rose in service in response to these attacks by packing meals for those most in need.” - Ken Vecchione, President and CEO of Western Alliance Bank ___ “The 9/11 Day of Service volunteer event is a meaningful way to honor those who selflessly serve our country and communities, ensuring their dedication and courage are always remembered and celebrated. At Tractor Supply, we are committed to giving back and making a positive impact on the communities we call home.” - Colin Yankee, Chief Supply Chain Officer at Tractor Supply Company, ___ “At Pfizer, living out our purpose extends well-beyond the workplace. We’re proud to partner with 9/11 Day, for the 7th year, and join thousands of volunteers across the country to honor those we lost, while working together to create lasting, positive change in the communities where we work and live—and beyond.” - Dezarie Mayers, Director, Colleague Community Engagement Programs ___ “It is incumbent upon all of us to ensure the stories of resilience and goodwill that was born out of tragedy 23 years ago are kept alive as the years and generations pass us by. Committing to an act of service, big or small, is a powerful way to both honor those we lost and remind us of our common humanity.” - Thomas Michaud, KBW CEO and Board Director of 9/11 Day ___ 9/11 Day is the respected national nonprofit that founded and annually-organizes the federally-recognized September 11 National Day of Service and Remembrance (widely referred to as "9/11 Day"). The mission of 9/11 Day is to inspire millions of Americans to rekindle the remarkable spirit of unity and compassion that arose in the immediate aftermath of 9/11, and to encourage good deeds and other acts of service in tribute to the 9/11 victims, survivors, first responders, and members of our military who bravely rose in service in response to the attacks. 9/11 Day organizes large volunteer service projects across America, and provides free educational materials to schools to help educators teach children about 9/11 in constructive ways and engage them in good deed projects. Visit 911day.org to learn more. Contact Details 9/11 Day Sunshine Sachs c/o Carlos Peraza or Jena Doyle +1 212-691-2800 911Day@sunshinesachs.com Company Website https://911day.org

September 04, 2024 06:00 AM Eastern Daylight Time

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Leading 9/11 Nonprofit Calls on Presidential Candidates to Suspend Campaign Rhetoric and Activities in Observance of the 23rd Anniversary of the September 11, 2001, Terrorist Attacks

9/11 Day

9/11 Day, the respected nonprofit that founded and organizes the federally recognized September 11 National Day of Service and Remembrance, has written to the campaigns of former President Donald Trump and Vice President Kamala Harris, requesting that they voluntarily suspend for September 11 all political advertising and campaign-related social and traditional media activities, in favor of nonpartisan expressions of service, unity and prayer. Responses to the request remain pending. “9/11 Day,” as the national observance is commonly known, has grown into the nation’s largest annual day of charitable engagement, with more than 30 million Americans participating each year. 9/11 Day originally established the “9/11 Campaign Moratorium” in 2004 to honor the 9/11 victims and their families, first responders, recovery workers, members of our military, and others who rose in service in response to the attacks. Since then, the 9/11 Campaign Moratorium has been widely supported by all major political parties and many candidates. “In the weeks immediately following the September 11, 2001, terrorist attacks, our nation found its footing in great measure because of the extraordinary spirit of unity that brought us all together as Americans,” said David Paine, president and co-founder of 9/11 Day. “We weren’t Red States or Blue States. We were the United States, and we were all Americans. As we once again approach the anniversary of 9/11, we respectfully request that candidates running for elected office remember this remarkable moment of national unity, and pledge to observe the traditional moratorium on campaign-related activities for 9/11.” “Of this we ask our political leaders and candidates, especially those running for president: ‘Please demonstrate, at least on this one day, that you will join with millions of Americans in unity by putting politics aside and coming together as Americans,” said Jay S. Winuk, co-founder and executive vice president of 9/11 Day. Winuk’s brother Glenn J. Winuk, an attorney and volunteer firefighter and EMT, died in the line of duty in the 9/11 terrorist attacks. “Together, let’s honor those lost and injured on 9/11, and those who rose in service, by doing good deeds on this day. Let’s focus not on political and other differences but rather on our common humanity. Leave those battles for another day.” In 2009, the U.S. Congress and President Barack Obama formally recognized September 11 as an annual National Day of Service and Remembrance under federal law as part of the Edward M. Kennedy Serve America Act. # # # For candidates’ responses, please contact their campaigns: Trump For President: Michael Whatley, Co-Chair RNC and Steven Cheung Harris for President: Julie Chávez Rodríguez and Michael W. Tyler ---- Hon. Donald J. Trump Donald Trump for President ℅ Michael Whatley, Co-Chair RNC Steven Cheung P.O. Box 509 Arlington, VA 22216 Dear President Trump: In observance of the 23rd anniversary of the 9/11 terrorist attacks, and the federally-recognized September 11 National Day of Service and Remembrance (“9/11 Day”), we respectfully request that your campaign, consistent with well-established tradition, voluntarily pause all political advertising, and limit other campaign- or partisan-related appearances and social and traditional media activities on September 11, 2024, between the hours of 6:00 a.m., and 9:00 p.m. As you may know, this Campaign Moratorium for 9/11 was originally established in 2004 by our nonprofit with widespread support from the 9/11 community. Since then, virtually all major U.S. presidential candidates, including you, have respectfully observed this important tradition, as have many other candidates seeking public office at the federal, state and local levels. In lieu of traditional campaign activities on September 11, we encourage you and your campaign staff to engage in activities of a non-partisan nature that promote national unity and allow the Americans to remember and pay tribute on 9/11 without political distraction. These activities can include volunteering, prayer, supporting charities, and/or other forms of service and remembrance of your own choosing that honor the 9/11 victims, rescue and recovery workers, and members of our military who rose in service in response to the attacks on our nation, while helping to bring our country together again. We would greatly appreciate it if a member of your staff can let us know of your plans to observe the 9/11 Campaign Moratorium this year. Your staff can reach us at the email addresses below, or by calling us at 949-233-0050. Thank you for helping America keep the promise to "Never Forget." Best wishes, David Paine President and Co-Founder, 9/11 Day Jay S. Winuk 9/11 Day Executive VP, Co-Founder, Brother of FF/EMT Glenn Winuk, WTC South Tower ------- Hon. Vice President Kamala Harris Kamala Harris for President ℅ Julie Chávez Rodríguez and Michael W. Tyler PO Box 58174 Philadelphia, PA 19102 Dear Vice President Harris: In observance of the 23rd anniversary of the 9/11 terrorist attacks, and the federally-recognized September 11 National Day of Service and Remembrance (“9/11 Day”), we respectfully request that your campaign, consistent with well-established tradition, voluntarily pause all political advertising, and limit other campaign- or partisan-related appearances and social and traditional media activities on September 11, 2024, between the hours of 6:00 a.m., and 9:00 p.m. As you may know, this Campaign Moratorium for 9/11 was originally established in 2004 by our nonprofit with widespread support from the 9/11 community. Since then, virtually all major U.S. presidential candidates have respectfully observed this important tradition, as have many other candidates seeking public office at the federal, state and local levels. In lieu of traditional campaign activities on September 11, we encourage you and your campaign staff to engage in activities of a non-partisan nature that promote national unity and allow the Americans to remember and pay tribute on 9/11 without political distraction. These activities can include volunteering, prayer, supporting charities, and/or other forms of service and remembrance of your own choosing that honor the 9/11 victims, rescue and recovery workers and members of our military who rose in service in response to the attacks on our nation, while helping to bring our country together again. We would greatly appreciate it if a member of your staff can let us know of your plans to observe the 9/11 Campaign Moratorium this year. Your staff can reach us at the email addresses below, or by calling us at 949-233-0050. Thank you for helping America keep the promise to "Never Forget." Best wishes, David Paine President and Co-Founder, 9/11 Day Jay S. Winuk 9/11 Day Executive VP, Co-Founder, Brother of FF/EMT Glenn Winuk, WTC South Tower 9/11 Day is the respected national nonprofit that founded and annually-organizes the federally-recognized September 11 National Day of Service and Remembrance (widely referred to as "9/11 Day"). The mission of 9/11 Day is to inspire millions of Americans to rekindle the remarkable spirit of unity and compassion that arose in the immediate aftermath of 9/11, and to encourage good deeds and other acts of service in tribute to the 9/11 victims, survivors, first responders, and members of our military who bravely rose in service in response to the attacks. 9/11 Day organizes large volunteer service projects across America, and provides free educational materials to schools to help educators teach children about 9/11 in constructive ways and engage them in good deed projects. Visit 911day.org to learn more. Contact Details 9/11 Day Sunshine Sachs, c/o Carlos Peraza or Jody Doyle +1 212-691-2800 911Day@sunshinesachs.com Company Website https://911day.org

September 04, 2024 06:00 AM Eastern Daylight Time

News Release

LinkPay Launches Virtual Cards Revolutionizing Financial Flexibility and Simplifying User Experience

Rev Up Marketers

LinkPay, a pioneer in payment solutions, has announced the launch of its new virtual card system, designed to accommodate both personal and business transactions. This innovative service is set to enhance how individuals and enterprises manage their finances online, especially with its integration of payments. The newly introduced virtual cards by LinkPay mark a significant evolution in digital payments, enabling users to utilize their virtual cards across various online platforms such as Google Ads and Facebook Ads, among others. The integration allows for seamless transactions, catering to both personal subscriptions and comprehensive business marketing needs. Significantly, LinkPay has tailored its virtual cards to address specific business needs by allowing companies to issue up to 100 virtual credit cards. This feature provides businesses with the ability to manage team expenses more effectively, offering detailed expense reports and hassle-free card-to-account refunds, thus facilitating better control over marketing budgets and operational costs. A key feature of LinkPay's virtual cards is the ability to fund accounts with over seven popular payment methods, alongside traditional payment methods. This dual-option funding caters to a growing demand for versatile and secure payment solutions in the digital economy, making it easier for users to manage their finances in a way that suits their lifestyle or business model. LinkPay remains dedicated to providing a secure and supportive environment for its users. The platform guarantees round-the-clock support and utilizes a robust access control system to ensure transaction and account security, affirming its commitment to leading the digital payment space with innovative and reliable solutions. About LinkPay LinkPay continues to be at the forefront of financial technology by delivering versatile and secure payment solutions that meet the evolving needs of modern consumers and businesses. For further details on LinkPay and its new virtual card system, please visit LinkPay Website or contact pr@linkpay.io. Contact Details LinkPay Margo K pr@linkpay.io Company Website https://linkpay.io

September 04, 2024 05:27 AM Eastern Daylight Time

New Video Series Offers Deep Insights into the Strategic Role of the Port of Savannah for Logistics Professionals

DB Schenker

DB Schenker, a global leader in supply chain management and logistics, is excited to announce the launch of a new video series that spotlights the Port of Savannah. This series, curated for logistics professionals and businesses considering or already utilizing the port, underscores its strategic importance in the global trade landscape. The video series features in-depth interviews with distinguished figures such as: Flavio Batista, Chief Commercial Officer of the Georgia Ports Authority Rosaline Kwan, Consul General for Canada in Southeast USA Leigh Ryan, Vice President of the World Trade Center in Savannah Javier Díaz De León, Consul General of Mexico in Atlanta Key Highlights: Strategic Importance of the Port of Savannah: Flavio Batista, Chief Commercial Officer of the Georgia Ports Authority, outlines the Port of Savannah’s pivotal role as a central hub linking ocean carriers to the U.S. Southeast region and beyond. “Our mission is to support economic development by connecting international markets to domestic distribution and supporting local manufacturing and agricultural sectors,” Batista explains. He highlights the port’s strategic location, unparalleled connectivity, and commitment to growth, which sets it apart from other ports. Economic and Community Impact: Batista emphasizes the port’s contribution to the regional economy, noting its influence on the logistics and supply chain sectors. “Almost every business in this region, from logistics companies to large distribution centers, relies on the Port of Savannah,” Batista adds. The port’s ongoing infrastructure developments, including the expansion of yard, berth, and rail capacities, are designed to meet future demand and ensure the port remains a vital economic engine for Georgia. Global Trade Relations: Javier Díaz De León, Consul General of Mexico in Atlanta, discusses the Port of Savannah’s role in enhancing trade relations between Mexico and the U.S. “The Port of Savannah exemplifies the robust trade and infrastructure capabilities of the United States, serving as a cornerstone of the Southeast region’s economy. It has been instrumental in benefitting local communities by creating jobs and fostering sustainable growth. As the number one trading partner of the United States and the number two trading partner of the state of Georgia, our collaboration with the Port of Savannah significantly enhances trade relations between Mexico and the United States, paving the way for future economic opportunities and regional development.” North American Trade and Resilience: Rosaline Kwan, Consul General for Canada in Southeast USA, reflects on the integrated supply chains between Canada and the U.S. and the Port of Savannah’s role in maintaining these connections. She underscores the port’s importance in facilitating trade, noting that over 800 vessels have traveled between Savannah and Canadian ports in recent years. Kwan also touches on the critical role of the U.S.-Mexico-Canada Agreement (USMCA) in strengthening North American trade relations. Supporting Regional Businesses: Leigh Ryan, Vice President of the World Trade Center in Savannah, highlights the port’s impact on local and regional businesses. “The Port of Savannah is a key asset for Southeast Georgia, providing unparalleled access to international markets,” Ryan states. The World Trade Center Savannah collaborates closely with the port to support businesses in their international trade efforts, offering specialized training and facilitating connections with global partners. Catch the Full Interviews on DB Schenker’s LinkedIn: The complete series of interviews is available on DB Schenker’s LinkedIn page, offering valuable insights for logistics professionals and businesses. Follow the links to stay updated and engage with industry leaders: DB Schenker LinkedIn. Rosaline Kwan, Consul General of Canada in Atlanta. September 10th at 12 PM EST: http://bit.ly/4e1IUex Leigh Ryan, Vice President of the World Trade Center in Savannah. September 10th at 2 PM EST: https://bit.ly/4e0MLsf Flavio Batista, Chief Commercial Officer of the Georgia Ports Authority. September 12th at 12 PM EST: https://bit.ly/3X1KOF3 Javier Diaz de Leon, Consul General of Mexico in Atlanta. September 13th at 12 PM EST: https://bit.ly/4ejYcvx About DB Schenker Americas DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker’s Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices knowledge and global capabilities. About DB Schenker With around 72,700 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world’s leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Contact Details Nicholas Leighton +1 949-478-5880 media@nettresultsllc.com Company Website https://www.dbschenker.com

September 03, 2024 11:45 AM Eastern Daylight Time

PathAI Collaborates with GoldPath to Elevate Digital Pathology Capabilities with AISight Image Management System

PathAI

PathAI, a global leader in digital pathology, announced today that GoldPath, an independent pathology service provider based in Duarte, California, has adopted the AISight Ⓡ1 Image Management System (IMS). In a competitive and evolving pathology landscape, where the demand for accurate and timely diagnostics is ever-increasing, the integration of digital pathology is becoming a critical differentiator for independent laboratories. GoldPath selected AISight after an extensive evaluation of various image management systems, recognizing it as the optimal solution to streamline workflows, enhance case management, and support a broad range of use cases. Through adopting AISight, GoldPath aims to reduce turnaround times for referring physicians and deliver cutting-edge pathology services. "As we continue to see a growing need for high-quality pathology services, integrating digital pathology is essential to maintaining our competitive edge and ensuring the best patient outcomes. AISight stood out for its robust capabilities, offering the versatility we need to manage our caseload effectively and improve efficiencies throughout our processes," said Gerardo De La O, CEO and Co-Founder of GoldPath. "The selection of PathAI's AISight Image Management System by a forward-thinking independent laboratory like GoldPath highlights the significant impact our technology can have on pathology operations. Their adoption of AISight demonstrates how our solution can enhance laboratory efficiency in the rapidly evolving field of digital pathology," said Andy Beck, MD, PhD, co-founder and CEO of PathAI. "We are excited to support GoldPath as they set new standards for pathology services." AISight, a cloud-native enterprise workflow solution, is central to PathAI's mission of revolutionizing the digital pathology ecosystem. Trusted by pathologists worldwide, AISight offers a comprehensive platform for case management, workload balancing, and image management, providing GoldPath with tools to address a wide array of histopathology use cases with exceptional versatility and efficiency. About PathAI PathAI is a leading provider of integrated AI and digital pathology solutions dedicated to transforming diagnostic accuracy and operational efficiency in pathology labs worldwide. Through innovative technologies and strategic partnerships, PathAI aims to enhance patient outcomes and drive the future of medical diagnostics. For more information, please visit www.pathai.com. About GoldPath GoldPath is an independent, fully accredited pathology laboratory in “the City of Health” Duarte, California, dedicated to providing exceptional patient care, cutting-edge technology, and outstanding customer service. With a highly trained team of medical professionals and client relations specialists, GoldPath offers fast, accurate, and personalized laboratory services and a full range of ancillary support and practice management solutions. Footnote 1:AISight is for research use only. Not for use in diagnostic procedures. Contact Details SVM Public Relations and Marketing Communications +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

September 03, 2024 10:00 AM Eastern Daylight Time

BitFuFu Posts 70% Revenue Growth And Outlines Strategic Expansion – Company Expects Continued Growth Amid Market Volatility

Benzinga

By Meg Flippin, Benzinga Volatility goes hand-in-hand with Bitcoin, particularly recently after the April halving. That rollercoaster ride isn’t for the faint-hearted or for many crypto companies. But it does seem to be for BitFuFu (NASDAQ: FUFU), the digital asset mining company based in Singapore. The company reports that it has created a sustainable business model, which performs well in both bullish and bearish market conditions due to its unique approach. This was recently on display, with BitFuFu reporting 69.7% year-over-year revenue growth in its second-quarter results and forecasting continued growth in the second half of 2024. “Our business model’s inherent flexibility – whether by increasing or reducing purchases of computing power, matching short-term and long-term procurements, or optimizing the mix between cloud-mining and self-mining computing power – enables us to sustain growth and profitability in a complex and volatile market environment,” said Leo Lu, BitFuFu’s Chairman and Chief Executive Officer, during the company’s earnings conference call. “Considering that total revenue of $273.8 million in the first half of 2024 nearly matches our full-year revenue for 2023, and with combined Q1 and Q2 adjusted EBITDA reaching $58.2 million, we expect substantial growth in both revenue and adjusted EBITDA in 2024, compared to 2023.” Checkout BitFuFu’s recent earnings report here! Outshining Some Rivals For the second quarter, BitFuFu posted revenue of $129.4 million, up almost 69.7% year-over-year. Growth was driven by strength in both its cloud-mining and self-mining operations. Cloud-mining revenue was up 66.8% compared to last year’s second quarter, with registered users increasing 86.8% to more than 395,000. Meanwhile, revenue in the company’s self-mining operations increased 81.0% to $51.1 million. Recurring revenue from customers active during the same period last year accounted for $47.4 million, or approximately 61.5% of cloud-mining revenue. New customers contributed $29.6 million, or 38.5%, highlighting the effectiveness of BitFuFu’s marketing and customer acquisition efforts. Notably, sales and marketing expenses as a percentage of cloud-mining revenue remained stable at 0.8%, demonstrating BitFuFu’s ability to scale and acquire users efficiently. Double-digit revenue growth isn’t new in the mining industry but BitFuFu’s approach is making it stand out from its rivals which include Bitfarms Ltd. (NASDAQ: BITF) and Riot Platforms Inc. (NASDAQ: RIOT). BitFuFu’s competitive advantage lies in its unique strategy of dynamically allocating hash rate between cloud-mining and self-mining, unlike its peers focused primarily on self-mining. This approach allows BitFuFu to generate upfront capital, scale operations, and hedge against Bitcoin price volatility by pre-selling hash rate at fixed prices. By securing future revenue regardless of market conditions, BitFuFu ensures resilience and profitability, distinguishing itself in both rising and declining markets. Cushioning the Potential Blow This strong growth is encouraging, given the April Bitcoin halving, which cut miners’ rewards by half, and a recent decline in Bitcoin prices that has many investors concerned. BitFuFu’s Lu acknowledged these challenges and highlighted the steps the company is taking to cut costs and improve profit margins if Bitcoin prices stay depressed. Since April, BitFuFu has applied technology to overclock the hashrate of its ASIC mining machines. For air-cooled machines, overclocking can increase computing power by 10% to 30% over the theoretical mining capacity of a mining machine. BitFuFu’s in-house mining facility management system has enhanced the efficiency of its mining machines, including those leased or operated by its partners. Additionally, BitFuFu has adjusted the operating mode of its mining machines in facilities with higher electricity and hosting fees and implemented a floating price mechanism in its hosting contracts. This approach allows the company to align costs with Bitcoin price fluctuations, reducing expenses and ensuring profitability even during downturns. BitFuFu is also actively acquiring mining facilities globally that offer lower electricity costs. BitFuFu is confident it will have news on that front soon, said Lu. The company is not just surviving in the current environment; it’s strategically positioning itself for future growth when Bitcoin prices rise again. BitFuFu remains confident in the long-term potential of Bitcoin, noting that year-to-date, Bitcoin’s price is up more than 40%, outperforming the S&P 500. “Given our long-term bullish outlook on Bitcoin, we are taking advantage of the current downturn in Bitcoin pricing to secure lower cost, long-term computing power,” said Lu. “Specifically, we intend to sign a two-year purchase agreement for computing capacity, enabling us to lock in a portion of our mining costs over the next two years.” Looking Beyond As BitFuFu scales, it is also building new revenue streams and growth opportunities. The mining facility management system, for example, has the potential to be monetized by offering it as a service to other miners. Additionally, BitFuFu is moving forward with its strategy to acquire or build its own mining farms. This vertical integration will allow BitFuFu to transition toward a more diversified and resilient portfolio of Bitcoin mining sites, including both self-owned/operated and third-party hosted sites. This strategy also enables further optimization of costs, particularly in terms of power consumption. Looking ahead, BitFuFu is also exploring synergies between mining and AI/HPC (High-Performance Computing) data centers. Both industries share a need for computational power, and expanding into AI/HPC could diversify BitFuFu’s revenue streams even further, reducing the impact of Bitcoin price volatility. The company is carefully evaluating opportunities in this space, recognizing the significant capital requirements involved. “BitFuFu had a strong second quarter and is well positioned for continued growth in the second half of 2024,” said Lu. “We remain focused on our strategy to increase our mining capacity while also improving fleet efficiency to grow revenue and profitability and drive long-term shareholder value.” Featured photo courtesy of BitFuFu. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 03, 2024 09:05 AM Eastern Daylight Time

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Mariner Acquires Woodbridge International, Enhances M&A Advisory Capabilities

Mariner

Mariner, a national wealth advisory firm, today announced its acquisition of New Haven, Conn.-based Woodbridge International, a leading middle-market mergers and acquisitions firm. This acquisition significantly bolsters Mariner’s position as a comprehensive financial advisory firm, deepening its expertise in sell-side M&A advisory services. Woodbridge, which is known for its innovative approach to sell-side M&A transactions and its extensive experience across a wide range of industries, brings over 30 years of expertise and a team of seasoned professionals to Mariner. The acquisition will enable Mariner to offer enhanced M&A advisory services to its clients, leveraging Woodbridge’s global reach and industry-specific knowledge. “The integration of Woodbridge International into the Mariner family marks a transformative step in our mission to deliver comprehensive, client-focused financial services,” said Marty Bicknell, CEO and president of Mariner. “Woodbridge’s impressive history of successful transactions and its commitment to client-centric solutions align seamlessly with our core values. This acquisition enables us to broaden our service offerings, empowering our clients to navigate the complexities of M&A with greater confidence and precision.” Woodbridge has built a reputation for delivering exceptional results for its clients, focusing on maximizing value through innovative marketing strategies and a deep understanding of market dynamics. With offices in New Haven, CT and Cape Town, South Africa, Woodbridge is equipped with a global database of 8,400 private equity groups and 410,000 strategic companies. Woodbridge casts one of the widest nets in the industry, quickly identifying the greatest number of buyers. "For our team, joining forces with Mariner opens up incredible avenues for growth," said Robert Koenig, CEO of Woodbridge International. "We now have a clear path to potentially double our business within the next few years. By expanding our offerings, we can cultivate idle leads and provide more value to clients than ever before. This is an exciting time for Woodbridge, especially as we aim to capture the anticipated wave of baby boomer business exits." Both Mariner and Woodbridge are united by a shared commitment to making a meaningful impact on the clients they serve. This cultural alignment is at the heart of the acquisition, enabling Mariner to enhance its service offerings at a time when 35% of financial advisors are expected to retire over the next decade and $17 trillion in small businesses are projected to be sold in the next 20 years. This acquisition strengthens Mariner’s ability to support its 1,200 business owner clients, particularly during key business transitions. The acquisition was finalized on August 30, 2024, and the integration of Woodbridge’s team and operations into Mariner’s existing structure is expected to be completed by the end of the year. Woodbridge International will maintain its current offices and continue to operate under its established brand for a period of time, ensuring continuity for its clients and employees. To learn more, visit Mariner.com. Mariner is a privately held, national financial services firm equipped with the expertise to help meet the wealth needs of our clients. Our advisors have access to in-house professionals covering everything from tax, estate, trust and insurance to investment banking and valuation, so they can maximize time spent creating unified wealth plans with clients. By opening more windows of wealth, we create opportunities to positively impact the lives of many. With this purpose, we intend to raise the bar for the entire industry. Founded in 2006 with $300 million in assets under advisement, Mariner and its affiliates now advise on over $245 billion in assets as of 6/30/24. Contact Details Remi Yuter mariner@hotpaperlantern.com Company Website https://www.mariner.com/

September 03, 2024 09:00 AM Eastern Daylight Time

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Early Cancer Detection Saves Lives - This Biotech Has A Promising New Test

Benzinga

By Johnny Rice, Benzinga Bill Caragol, CFO of Mainz BioMed (NASDAQ: MYNZ), was recently a guest on Benzinga’s All-Access. Mainz BioMed, maker of clinical laboratory tests, says it is committed to saving lives and reducing healthcare costs through early disease detection and prevention. For cancer and chronic conditions, patients can now live longer, healthier lives thanks to advances in diagnostic technology. Genetic and genomic tests are at the forefront of this progress. By revealing patients' unique genetic profiles, these tests can allow doctors to tailor treatments more effectively, ushering in an era of personalized medicine. Caragol spoke about promising data from recent trials. Watch the full interview here: Featured photo by National Cancer Institute on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 03, 2024 09:00 AM Eastern Daylight Time

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How Dunamis Charge Is Helping Shape The Future Of EV Charging Infrastructure Through Its Wide Range Of American-Made High-Tech Solutions

Benzinga

By Meg Flippin, Benzinga Image: Dunamis Charge Level 2 EV Residential Charger In the rapidly evolving landscape of electric vehicles (EVs), Dunamis Charge aims to stand out as an innovator. As the EV market takes off, projected to reach $1.6 trillion by 2034, Dunamis Charge wants to be at the forefront of the charging infrastructure revolution with its charging solutions. After all, for the EV market to take off, there must be a level playing field where everyone can own an EV regardless of where they live or how much money they have. For that to happen, there needs to be robust, affordable and easy-to-use charging infrastructure that’s accessible everywhere. That’s what Dunamis offers. Cutting-Edge Technology And American Innovation Dunamis Charge's EV charging stations are engineered to exceed expectations in three critical areas: reliability, durability and charging speed. The company says its intelligent charging technology ensures consistent performance, minimizing downtime and maximizing user satisfaction. Using high-quality, weather-resistant materials, these chargers are built to last, and designed to withstand harsh environmental conditions, from extreme temperatures to severe weather events. Speed is of the essence in today's fast-paced world, and Dunamis Charge delivers. Their chargers range from 9kW to over 360kW, catering to various charging needs. This means EV owners can charge their vehicles in minutes rather than hours, potentially revolutionizing the convenience of electric vehicle ownership. Dunamis Charge’s manufacturing facility is in Detroit, a part of its commitment to offering American-made products. With the capacity to produce 200,000 EV chargers annually on a single shift, Dunamis seems well-positioned to help meet the growing demand for charging infrastructure across the United States. This strategic location not only supports local jobs but also ensures the highest quality standards in production, reports Dunamis. Scalability, Adaptability And Environmental Impact Recognizing the diverse needs of the EV market, Dunamis Charge offers a range of solutions to meet varying charging requirements across different vehicles, locations and use cases. From Level 2 AC chargers to high-power DC fast chargers, the company provides a comprehensive suite of charging solutions suitable for residential areas, commercial parking lots, multi-family dwellings and public spaces. Dunamis Charge's intelligent charging systems incorporate advanced features such as load balancing and smart energy management. These technologies optimize charging efficiency, reduce strain on the electrical grid, and lower operational costs for charging station operators. The company's commitment to upgradeable infrastructure ensures that its charging stations can evolve with rapidly advancing EV technology. Beyond providing cutting-edge technology, Dunamis Charge is helping drive sustainable change in the transportation sector. By facilitating the widespread adoption of electric vehicles, the company plays a crucial role in reducing carbon emissions. Their energy-efficient charging solutions and sustainable manufacturing practices align with a broader mission of promoting a greener future. Helping Shape The Future Of EV Charging Dunamis Charge is actively helping shape the future of electric vehicle infrastructure. The company reports being at the forefront of developing ultra-fast charging solutions, aiming to push the boundaries of charging speeds to make EV charging as quick and convenient as refueling a traditional gasoline vehicle. Looking ahead, Dunamis Charge envisions seamless integration with smart grids, enabling dynamic load management and vehicle-to-grid capabilities. The company is also exploring wireless charging technology, which could revolutionize EV charging by making it even more convenient and opening up new possibilities for infrastructure deployment. Investment Opportunity in Advanced EV Charging Technology As the EV charging station market is forecast to grow at a CAGR of 36% over 2022-2032, Dunamis Charge is all in. The company's focus on reliability, durability and speed, combined with its strategic positioning and scalable business model, sets it apart, and the company may be worth looking into for investors looking for opportunities in this growing market. As the world moves towards a more sustainable future, Dunamis Charge may be poised to play a crucial role in powering that transition. To learn more about this investment opportunity and how Dunamis Charge is shaping the future of EV charging, click here. Featured photo courtesy of Dunamis Charge. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 03, 2024 08:50 AM Eastern Daylight Time

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