NASHVILLE, February 6, 2024 – HIVE Digital Technologies Ltd (NASDAQ: HIVE) and bitcoin Magazine announce “FUD Fighters,” a new initiative focused on education about the many false narratives articulated by bitcoin critics. The “FUD Fighters” series will consist of four in-depth investigative articles written by industry experts to counter erroneous, biased and misinformed narratives that seek to mislead the public about bitcoin. Through this initiative, HIVE and bitcoin Magazine It aims to highlight, through a data-driven approach, the tangible benefits of this technology and consequently refute unequivocally false reports from mainstream media, biased experts and researchers. “FUD Fighters” will provide the bitcoin community with refutations of commonly circulating “FUD” (fear, uncertainty, doubt) so that the community can strengthen its ability to counter falsehoods that are hindering the integration of bitcoin into financial markets, energy infrastructure and social norms.
As the first bitcoin media organization (founded in 2012), bitcoin Magazine has educated the public about bitcoin and bitcoin mining for over a decade, working to provide high-quality journalism about the inner workings of the bitcoin ecosystem. Since bitcoin's entry into the mainstream cultural and political conversation, the technology has been undeservedly maligned by legacy interests for its perceived inefficiency, danger, or waste. Like HIVE, bitcoin Magazine believes these claims are entirely baseless and, in many cases, reflect the biases, motivated reasoning, and widespread cognitive distortions among individuals and institutions that bitcoin is about to disrupt.
HIVE CEO Frank Holmes, in a statement to bitcoin Magazinenoted the importance of bitcoin education amid the general lack of objective reporting on the topic:
“At HIVE, we are passionate about our efforts to support and secure the bitcoin network of 17,000 active nodes, both for the benefit of our shareholders and our belief in bitcoin's unique ability to be a source of portable, scarce and digital resources. can.
It seems that the same entities critical of gold or other alternative asset classes have even harsher feelings towards bitcoin. This observation underscores a broader pattern of resistance from traditional financial institutions, banking lobbyists, and unelected global agencies like the Bank for International Settlements toward alternative stores of value and decentralized portable assets.
Objective reporting can be scarce in the bitcoin sector, making it crucial for investors to independently seek knowledge and understanding. We hope the “FUD Fighters” campaign by bitcoin Magazine, a long-time bitcoin pioneer and HIVE business partner, can do just that. The FUD ends now.”
Mark Goodwin, bitcoin MagazineEditor-in-chief of:
“For those working in bitcoin, we have now become accustomed to the poorly articulated, but surprisingly popular, media campaigns that appear from time to time. From the unfortunate criticisms of its energy use to its technological competitors projecting their own irregularities onto bitcoin and the ever-classic moralizing of individual self-determination, these attacks are trite and revealing of the underlying motivations of those imposing them.
It should be no secret that bitcoin Magazine as a publication has a point of view, and that point of view is that bitcoin is a positive technology worth fighting for because of the benefits it confers on humanity. To that end, education and objective journalism are essential to fostering a public dialogue that converges toward the truth. FUD Fighters is an attempt to clear up the murky waters of bitcoin discourse by highlighting rebuttals from experts who have taken the time to crunch the numbers and go beyond the surface. Its conclusions are generally contrary to unfounded claims that entrenched interests would prefer to be accepted as truth.”
The first installment of the FUD Fighters series: a response to a new report by United Nations University – comes from Margot Paez, PhD candidate in Civil Engineering and researcher (Mining and Energy) at the bitcoin Policy Institute. Margot is writing her PhD thesis at the Georgia Institute of technology on the interaction between bitcoin mining and energy center data modeling. Páez's article on FUD Fighters will offer a blunt refutation of the errors, misrepresentations and flawed methodological approach of the United Nations University and the policy recommendations made there.
About bitcoin Magazine
bitcoin Magazine, the world's first publication covering bitcoin, brings its international readers innovative ideas, breaking news and global impact at the intersection of finance, technology and bitcoin. bitcoin Magazine, operating out of Nashville, Tennessee, is a publication of btc Media. For the latest bitcoin news, visit BitcoinMagazine.com.
About HIVE digital technologies
HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed on the TSX Venture Exchange with a focus on sustainable green energy.
HIVE is a growth-oriented technology stock in the emerging blockchain industry. As a company whose shares are listed on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE has green energy data center facilities in Canada, Sweden and Iceland, where we strive to source geothermal and hydroelectric energy to mine digital assets like bitcoin in the cloud.
Since early 2021, HIVE has kept most of its eth and btc treasury derived from mining rewards in secure storage. Our shares provide investors with exposure to digital currency mining operating margins as well as a bitcoin portfolio. Since HIVE also owns tangible assets such as data centers and advanced multi-purpose servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
