Purpose-built advanced carbon for healthier communities
(TheNewswire)
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Edmonton, Alberta TheNewswire - April 10, 2025 Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the addition of the Lightning Network for selling bitcoin on the Bitcoin Portal in the USA and a shares for debt settlement.
Customers can now go directly from bitcoin in their personal Lightning wallets directly to dollars in their bank using the Lightning Network. This will enable smaller transactions with fewer fees for customers of the Bitcoin Portal at bitcoinwell.com, increasing their independence.
Now, when a customer wants to sell bitcoin, they will enter the amount of dollars they want to receive, select their connected bank account, and choose between the Bitcoin and Lightning Network.
Previously, when the customer would sell bitcoin over the Bitcoin Network they had to pay mining fees and wait 4 confirmations before the transfer to their bank was initiated. Now it will happen instantly, with no fees thanks to the addition of the Lightning Network into the Bitcoin Portal at bitcoinwell.com.
Further, due to the non-custodial nature of the Bitcoin Portal, Bitcoin Well customers can hold bitcoin in their wallets longer and benefit from a smoother customer experience. With other platforms the customer would need to fund their bitcoin account balance (which puts their funds at risk), sell the bitcoin and then request the withdrawal to their bank.
From their Bitcoin Well account this happens in one single action. Directly from bitcoin in their personal wallets, to cash in their bank.
The Company is indebted to certain creditors in the total amount of $139,817 as of March 31, 2025 (the "Outstanding Debt"), pursuant to certain use of bitcoin agreements and a convertible debenture agreement (collectively, the "Agreements"). The Outstanding Debt is interest accrued under the Agreements. Bitcoin Well has elected to settle $104,155 of the Outstanding Debt by issuing 801,190 common shares in the capital of the Company (the "Shares") at a deemed price of $0.13 per Share and will settle $35,662 of the Outstanding Debt by issuing 342,903 Shares at a deemed price of $0.104 per Share (the "Debt Settlement"). The Debt Settlement remains subject to TSX Venture Exchange approval. All Shares issued in satisfaction of the Outstanding Debt will be subject to a statutory hold period of four months plus one day.
It is anticipated that a director of the Company will participate in the Debt Settlement through a wholly owned subsidiary. Such participation will be considered to be a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement as neither the fair market value (as determined under MI 61- 101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it will involve interested parties, is expected to exceed 25% of the Company's market capitalization (as determined under MI 61-101).
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
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— New instances provide enterprises with high-performance, scalable, and cost-effective cloud computing solutions —
Today, AMD (NASDAQ: AMD) announced the new Google Cloud C4D and H4D virtual machines (VMs) are powered by 5 th Gen AMD EPYC™ processors. The latest additions to Google Cloud's general-purpose and HPC-optimized VMs deliver leadership performance, scalability, and efficiency for demanding cloud workloads; for everything from data analytics and web serving to high-performance computing (HPC) and AI.
Google Cloud C4D instances deliver impressive performance, efficiency, and consistency for general-purpose computing workloads and AI inference. Based on Google Cloud's testing, leveraging the advancements of the AMD "Zen 5" architecture allowed C4D to deliver up to 80% higher throughput/vCPU compared to previous generations. H4D instances, optimized for HPC workloads, feature AMD EPYC CPUs with Cloud RDMA for efficient scaling of up to tens of thousands of cores.
"Since our launch, 5 th Gen AMD EPYC solutions have been widely adopted across our OEM partners, enterprise customers, and now we're excited to bring it to the cloud," said Dan McNamara, senior vice president and general manager, Server Business, AMD. "Our deep technology partnership with Google Cloud enabled them to rapidly adopt the latest AMD EPYC processors to deliver consistent high performance and cost-efficient instances for their most demanding customers."
"Google Cloud is committed to delivering high-performance, secure, and scalable compute solutions to our customers," said Mark Lohmeyer, vice president and general manager, Compute and Machine Learning Infrastructure, Google Cloud. "With the introduction of C4D and H4D instances powered by AMD EPYC processors, businesses can benefit from cutting-edge performance and efficiency, tailored to their cloud-native and enterprise applications."
Both C4D and H4D virtual machines are available in preview now, with general availability planned for later in the year across multiple global regions.
Supporting Resources
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn , and Twitter pages.
AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Media Contacts: Aaron Grabein AMD Communications +1 512-602-8950 aaron.grabein@AMD.com Liz Stine AMD Investor Relations (720) 652-3965 liz.stine@AMD.com
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Today, AMD (NASDAQ: AMD) announced "Advancing AI 2025," an in-person and livestreamed event on June 12, 2025. The industry event will showcase the company's bold vision for AI, announce the next generation of AMD Instinct™ GPUs, AMD ROCm™ open software ecosystem progress, and reveal details on AI solutions for hyperscalers, enterprises, developers, startups and more.
AMD executives and AI ecosystem partners, customers and developers will join Chair and CEO Dr. Lisa Su to discuss how AMD products and software are re-shaping the AI and high-performance computing landscape.
The live stream will start at 9:30 a.m. PT/12:30 p.m. ET on Thursday, June 12 on the AMD YouTube channel .
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn , and Twitter pages.
AMD, the AMD Arrow logo, AMD Instinct, ROCm and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Media Contacts: Brandi Martina AMD Communications +1 512-705-1720 Brandi.Martina@AMD.com Liz Stine AMD Investor Relations (720) 652-3965 liz.stine@AMD.com
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AMD (NASDAQ: AMD) announced today that it will report fiscal first quarter 2025 financial results on Tuesday, May 6, 2025, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.AMD.com .
AMD also announced it will participate in the following events for the financial community:
A webcast of the presentations can be accessed on AMD's Investor Relations website ir.amd.com .
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn , Facebook and X pages.
AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Contact
Phil Hughes
AMD Communications
512-865-9697
phil.hughes@amd.com
Liz Stine
AMD Investor Relations
(720) 652-3965
liz.stine@amd.com
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Stardust Power Inc. (NASDAQ: SDST) ("Stardust Power" or the "Company"), an American developer of battery-grade lithium products, is pleased to announce the appointment of Mr. Carlos Urquiaga as Senior Advisor, effective immediately. Mr. Urquiaga will report directly to the Founder and CEO, Roshan Pujari.
Mr. Urquiaga is a highly accomplished financier with over 30 years of experience in the metals and mining, energy, and infrastructure sectors, specializing in capital raising, structuring, and financial advisory services. His expertise spans complex financing transactions, including those in the electric vehicle battery materials supply chain. Throughout his career, he has successfully delivered more than $40 billion in financing and advisory transactions, playing a key role in some of the most significant deals in the industry.
Mr. Urquiaga's distinguished career includes senior leadership roles at BNP Paribas, Citi and Appian Capital, where he was instrumental in executing high-value transactions, including financing for major projects such as Teck's Quebrada Blanca Phase 2 project funding and Freeport's Cerro Verde expansion. His work has earned numerous accolades, including "Deal of the Year" awards for his role in financing and strategic advisory efforts.
As Senior Advisor at Stardust Power, Mr. Urquiaga will focus on guiding the Company through its critical next stages, particularly leading efforts to achieve Final Investment Decision (FID) and supporting the Company's capital raising activities, both through debt and equity financing. He will also assist in advancing the Company's strategic initiatives to scale its lithium production and capitalize on the increasing demand for battery-grade materials.
"We are thrilled to welcome Carlos to Stardust Power," said Roshan Pujari, Founder and CEO of Stardust Power. "His expertise in structuring complex financing transactions and his deep understanding of the metals and mining sector, particularly in the EV battery supply chain, will be invaluable as we move forward. Carlos will play a crucial role in helping us in reaching FID, secure the necessary capital for growth, and position Stardust Power as a leader in the battery-grade lithium space. His experience in critical minerals and capital markets will be a tremendous asset as we continue to scale and execute our strategic objectives."
"The demand for battery-grade lithium is rapidly increasing, and Stardust Power is well-positioned to be a key player in this space. I look forward to working with Roshan and the wider team at Stardust Power to support the Company's efforts in securing the capital and strategic partnerships necessary to drive its growth and deliver long-term value to shareholders," said Carlos Urquiaga.
About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium products designed to bolster America's energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol "SDST."
For more information, visit www.stardust-power.com
Stardust Power Contacts
For Investors:
Johanna Gonzalez
investor.relations@stardust-power.com
For Media:
Michael Thompson
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements are often identified by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "forecasted," "projected," "potential," "seem," "future," "outlook," and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power's securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power's business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.
Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.
Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47f9eb4c-015e-4c10-bc65-e5d797175745
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