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Fourth Wave Energy Inc. Closes Acquisition of EdgeMode and Enters Crypto Mining Industry
Fourth Wave Energy Inc. Closes Acquisition of EdgeMode and Enters Crypto Mining Industry
Hardware and Hosting agreements secured to support growth strategy
CHICAGO, IL / ACCESSWIRE / February 8, 2022 / Fourth Wave Energy, Inc. (OTCQB:FWAV) amends and restates in its entirety its press release dated February 7, 2022 which announced the closing of its acquisition of EdgeMode (EdgeMode) to enter the crypto mining industry, with an initial focus on Bitcoin mining. EdgeMode is led by a team of experienced tech entrepreneurs. Effective January 31, 2022, Fourth Wave closed its previously announced merger with EdgeMode.
EdgeMode currently has mining operations in New York and Illinois with planned expansion to multiple other U.S. locations. Scale and profitability is forecasted through a growth strategy that is underpinned by large scale U.S.-based hosted capacity and long-term hardware purchasing agreements.
EdgeMode is focused on rapid growth and deployment of U.S.-based data center locations, generating ever-increasing hash rate and Bitcoin production.
In connection with the acquisition. Charlie Faulkner and Simon Wajcenberg were appointed as executive officers and directors and Joseph Isaacs resigned as an officer and director.
Charlie Faulkner is an entrepreneur, tech executive and angel investor with extensive experience in Europe and Silicon Valley. He co-founded North Block Capital and led global business development for Manage.com, growing revenue from $0-$100M. Charlie is an advisor to several tech startups and funds.
Simon Wajcenberg is an experienced entrepreneur with a solid track record. He co-founded North Block Capital and founded Stocknet.co.uk and TMN, which was listed on the LSE with a greater than $100 million market cap. Simon has vast experience in M&A and won an Ernst & Young Entrepreneur of the Year award.
Investors are encouraged to review the Form 8-K filed with the SEC on February 7, 2022. A link to this page is: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001652958/000168316822000702/fourthwave_8k.htm
Fourth Wave Energy, Inc., through its wholly owned subsidiary, EdgeMode, is a cryptocurrency mining and High-Performance Computing technology company focused on rapid hash rate growth and deployment of U.S.-based data center locations. EdgeMode is built by a team of experienced and successful entrepreneurs that have worked together for more than ten years in other successful ventures. The team has domain experience in technology, data center infrastructure, blockchain and finance.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements concerning forecasted scale and profitability, rapid growth of our business. Words such as "expect," "may," "anticipate," "intend," "would," "plan," "believe," "estimate," "should," and similar words and expressions identify forward-looking statements. These statements are based on the Company's estimates, projections, beliefs and assumptions and are not guarantees of future performance.
The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements are discussed in the Risk Factors section of the Form 8-K filed with the SEC on February 7, 2022 and include, without limitation, failure to obtain financing to pay for equipment we currently own and/or plan to purchase, decrease in the price of the cryptocurrency that we purchase, unanticipated issues which decreased mining capacity, and our need for and challenges we may face in obtaining the necessary financing to execute our business plan on favorable terms or at all. We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
CONTACT:
(707) 687-9093
hello@edgemode.io
SOURCE: Fourth Wave Energy, Inc.
View source version on accesswire.com:
Hardware and Hosting agreements secured to support growth strategy
达成硬件和托管协议以支持增长战略
CHICAGO, IL / ACCESSWIRE / February 8, 2022 / Fourth Wave Energy, Inc. (OTCQB:FWAV) amends and restates in its entirety its press release dated February 7, 2022 which announced the closing of its acquisition of EdgeMode (EdgeMode) to enter the crypto mining industry, with an initial focus on Bitcoin mining. EdgeMode is led by a team of experienced tech entrepreneurs. Effective January 31, 2022, Fourth Wave closed its previously announced merger with EdgeMode.
伊利诺伊州芝加哥/ACCESSWIRE/2022年2月8日/第四波能源公司(OTCQB:FWAV)修改和重申了其2022年2月7日的新闻稿,该新闻稿宣布完成对EdgeMode(EdgeMode)的收购,进入密码挖掘行业,最初的重点是比特币挖掘。EdgeMode由一支经验丰富的科技创业者团队领导。从2022年1月31日起,Fourth Wave结束了之前宣布的与EdgeModel的合并。
EdgeMode currently has mining operations in New York and Illinois with planned expansion to multiple other U.S. locations. Scale and profitability is forecasted through a growth strategy that is underpinned by large scale U.S.-based hosted capacity and long-term hardware purchasing agreements.
EdgeMode目前在纽约和伊利诺伊州拥有采矿业务,并计划向美国其他多个地点扩张。通过以美国为基础的大规模托管容量和长期硬件采购协议为基础的增长战略来预测规模和盈利能力。
EdgeMode is focused on rapid growth and deployment of U.S.-based data center locations, generating ever-increasing hash rate and Bitcoin production.
EdgeMode专注于美国数据中心位置的快速增长和部署,产生不断增加的哈希率和比特币产量。
In connection with the acquisition. Charlie Faulkner and Simon Wajcenberg were appointed as executive officers and directors and Joseph Isaacs resigned as an officer and director.
与此次收购有关。查理·福克纳和西蒙·瓦森伯格被任命为高管和董事,约瑟夫·艾萨克斯辞去了高管职务,董事也辞去了职务。
Charlie Faulkner is an entrepreneur, tech executive and angel investor with extensive experience in Europe and Silicon Valley. He co-founded North Block Capital and led global business development for Manage.com, growing revenue from $0-$100M. Charlie is an advisor to several tech startups and funds.
查理·福克纳是一位企业家、科技高管和天使投资者,在欧洲和硅谷拥有丰富的经验。他与人共同创立了North Block Capital,并领导了Manage.com的全球业务发展,使其营收从0美元增长至1亿美元。查理是几家科技初创公司和基金的顾问。
Simon Wajcenberg is an experienced entrepreneur with a solid track record. He co-founded North Block Capital and founded Stocknet.co.uk and TMN, which was listed on the LSE with a greater than $100 million market cap. Simon has vast experience in M&A and won an Ernst & Young Entrepreneur of the Year award.
西蒙·瓦森伯格是一位经验丰富的企业家,有着良好的业绩记录。他与人共同创立了North Block Capital,并创立了Stocknet.co.uk和TMN,后者在伦敦证交所上市,市值超过1亿美元。西蒙在并购方面拥有丰富的经验,并获得了安永年度企业家奖。
Investors are encouraged to review the Form 8-K filed with the SEC on February 7, 2022. A link to this page is: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001652958/000168316822000702/fourthwave_8k.htm
我们鼓励投资者查阅2022年2月7日提交给美国证券交易委员会的8-K表格。指向此页面的链接为:https://www.sec.gov/ix?doc=/Archives/edgar/data/0001652958/000168316822000702/fourthwave_8k.htm
Fourth Wave Energy, Inc., through its wholly owned subsidiary, EdgeMode, is a cryptocurrency mining and High-Performance Computing technology company focused on rapid hash rate growth and deployment of U.S.-based data center locations. EdgeMode is built by a team of experienced and successful entrepreneurs that have worked together for more than ten years in other successful ventures. The team has domain experience in technology, data center infrastructure, blockchain and finance.
Fourth Wave Energy,Inc.通过其全资子公司EdgeModel是一家加密货币挖掘和高性能计算技术公司,专注于快速哈希率增长和美国数据中心位置的部署。EdgeMode是由一群经验丰富、成功的企业家组成的团队建立的,他们在其他成功的企业中合作了十多年。该团队在技术、数据中心基础设施、区块链和金融方面拥有领域经验。
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements concerning forecasted scale and profitability, rapid growth of our business. Words such as "expect," "may," "anticipate," "intend," "would," "plan," "believe," "estimate," "should," and similar words and expressions identify forward-looking statements. These statements are based on the Company's estimates, projections, beliefs and assumptions and are not guarantees of future performance.
有关前瞻性陈述的注意事项
本新闻稿包含前瞻性陈述,包括有关我们业务的预测规模和盈利能力以及快速增长的陈述。诸如“预期”、“可能”、“预期”、“打算”、“将”、“计划”、“相信”、“估计”、“应该”等词语以及类似的词语和表达方式识别前瞻性陈述。这些陈述是基于公司的估计、预测、信念和假设,并不是对未来业绩的保证。
The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements are discussed in the Risk Factors section of the Form 8-K filed with the SEC on February 7, 2022 and include, without limitation, failure to obtain financing to pay for equipment we currently own and/or plan to purchase, decrease in the price of the cryptocurrency that we purchase, unanticipated issues which decreased mining capacity, and our need for and challenges we may face in obtaining the necessary financing to execute our business plan on favorable terms or at all. We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
这些前瞻性陈述中的任何一个或所有预期的结果可能不会发生。可能导致实际结果与前瞻性声明大不相同的重要因素、不确定性和风险在我们提交给美国证券交易委员会的2022年2月7日提交的8-K表格的风险因素部分进行了讨论,这些因素包括但不限于未能获得融资来支付我们目前拥有和/或计划购买的设备的费用、我们购买的加密货币价格下降、采矿能力下降的意想不到的问题、以及我们在获得必要融资以有利条款执行我们的业务计划过程中可能面临的需求和挑战。我们没有义务公开更新或修改任何前瞻性陈述,无论是由于新信息、未来事件或其他原因。
CONTACT:
(707) 687-9093
hello@edgemode.io
联系方式:
(707)687-9093
邮箱:Hello@edgemode.io
SOURCE: Fourth Wave Energy, Inc.
资料来源:第四波能源公司
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