NASHVILLE, February 6, 2024 – HIVE Digital Applied sciences Ltd (NASDAQ: HIVE) and Bitcoin Journal announce “FUD Fighters,” a brand new initiative targeted on educating in regards to the many false narratives expressed by critics of Bitcoin. The “FUD Fighters” collection will consist of 4 in-depth investigative articles written by business consultants to counter false, biased and misinformed narratives that search to mislead the general public about Bitcoin. By way of this initiative, HIVE and Bitcoin Journal The purpose is to spotlight, by means of a data-oriented method, the tangible advantages of this expertise, and consequently to punish the patently false reporting from conventional media, consultants and biased researchers. “FUD Fighters” will present the Bitcoin group with rebuttals to widespread “FUD” (worry, uncertainty, doubt) in order that the group can strengthen its potential to counter falsehoods that hinder Bitcoin’s integration into monetary markets, energy infrastructure and hinder social norms.
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, and works to offer high-quality journalism in regards to the inside workings of the Bitcoin ecosystem. Since Bitcoin entered mainstream cultural and political debate, the expertise has been unfairly vilified by historic pursuits for its perceived inefficiency, hazard, or waste. Along with HIVE, Bitcoin Journal believes that these claims are fully unfounded and in lots of circumstances replicate the biases, motivated reasoning and cognitive distortions which are pervasive amongst people and establishments and that Bitcoin is poised to disrupt.
HIVE Chairman Frank Holmes, in an announcement to Bitcoin Journalfamous the significance of Bitcoin schooling amid the final lack of goal reporting on the subject:
“At HIVE, we’re captivated with our efforts to assist and safe Bitcoin’s community of 17,000 energetic nodes, each for the good thing about our shareholders, but in addition due to our perception in Bitcoin’s distinctive potential to offer a supply of transportable, to be scarce and digital assets. wealth.
Evidently the very entities which are crucial of gold or different various asset courses have even harsher emotions in the direction of Bitcoin. This statement underlines a broader sample of resistance from conventional monetary establishments, financial institution lobbyists, and world unelected our bodies such because the Financial institution of Worldwide Settlements to various shops of worth and decentralized, transportable property.
Goal reporting may be in brief provide within the Bitcoin sector, making it essential for buyers to independently search data and perception. We hope that the ‘FUD Fighters’ marketing campaign with Bitcoin Journal – long-time Bitcoin pioneer and enterprise accomplice of HIVE – can do exactly that. The FUD ends now.”
Mark Goodwin, Bitcoin JournalThe editor-in-chief:
“For these working in Bitcoin, we have now now come to count on the poorly articulated, however shockingly widespread, media campaigns that seem sometimes. From ill-fated criticisms of its power consumption, to the technological opponents projecting their very own improprieties onto Bitcoin, and the ever-classic moralization of particular person self-determination, these assaults are banal and reveal the motivations underlying those that levy them.
It must be no secret that Bitcoin Journal as a publication has a place, and that place is that Bitcoin is a constructive expertise value combating for due to the advantages it brings to humanity. To this finish, schooling and goal journalism are crucial to fostering a public dialogue that may converge towards the reality. FUD Fighters is an try to clear the muddy waters of Bitcoin discourse by highlighting rebuttals from consultants who’ve taken the time to research the numbers and transcend the floor. Their conclusions are broadly at odds with the unsubstantiated claims that entrenched pursuits choose to be accepted as fact.”
The primary a part of the FUD Fighters collection – a response to a brand new report from the United Nations College – comes from Margot Paez, PhD candidate in Civil Engineering and Analysis Fellow (Mining & Vitality) on the Bitcoin Coverage Institute. Margot is writing her dissertation on the Georgia Institute of Know-how on the interplay between bitcoin mining and information modeling of power facilities. Paez’s FUD Fighters piece will present a pointy rebuttal to the errors, misrepresentations and flawed methodological method of the United Nations College and the coverage suggestions made therein.
About Bitcoin Journal
Bitcoin Journal, the world’s first Bitcoin publication, serves its worldwide readership with revolutionary concepts, breaking information and world impression on the intersection of finance, expertise and Bitcoin. Bitcoin Journal, working out of Nashville, Tennessee, is revealed by BTC Media. Go to BitcoinMagazine.com for the newest Bitcoin information.
About HIVE digital applied sciences
HIVE Digital Applied sciences Ltd. went public in 2017 as the primary cryptocurrency mining firm listed for buying and selling on the TSX Enterprise Alternate with a concentrate on sustainable inexperienced power.
HIVE is a growth-oriented expertise inventory within the rising blockchain business. As an organization whose shares are traded on a serious change, we’re constructing a bridge between the digital foreign money and blockchain sector and conventional capital markets. HIVE owns inexperienced power information middle amenities in Canada, Sweden and Iceland, the place we search to make use of geothermal and hydroelectric power to mine digital property like Bitcoin within the cloud.
Since early 2021, HIVE has safely saved most of its treasury of ETH and BTC from mining rewards. Our shares present buyers with publicity to the working margins of digital foreign money mining, in addition to a portfolio of Bitcoin. As a result of HIVE additionally owns arduous property similar to information facilities and superior multi-purpose servers, we imagine our shares supply buyers a horny option to achieve publicity to the cryptocurrency area.