NASHVILLE, February 6, 2024 – HIVE Digital Technologies Ltd (NASDAQ: HIVE) and Bitcoin Magazine Announcing “FUD Fighters,” a new initiative centered around education around the many false narratives expressed by Bitcoin critics. The “FUD Fighters” series will consist of four in-depth research articles written by industry experts to counter false, biased and misleading narratives that seek to mislead the public about Bitcoin. Through this initiative, HIVE and Bitcoin Magazine It aims to highlight, through a data-oriented approach, the tangible benefits of this technology and, thus, unequivocally rebuke false reporting from traditional media and biased critics and researchers. “FUD Fighters” will provide the Bitcoin community with refutations of commonly held “FUD” (fear, uncertainty, and doubt) so that the community can strengthen its ability to counter the falsehoods that hinder Bitcoin’s integration into financial markets, energy infrastructure, and social norms.
As the first media organization to operate with Bitcoin (established in 2012), Bitcoin Magazine He has been educating the public about Bitcoin mining and Bitcoin for over a decade, working to provide high-quality journalism about the inner workings of the Bitcoin ecosystem. Since Bitcoin entered mainstream cultural and political conversations, the technology has been undeservedly demonized by legacy interests as inefficient, dangerous, or wasteful. Along with HIVE, Bitcoin Magazine believes these assertions are completely baseless and, in many cases, reflect biases, motivated thinking, and cognitive distortions prevalent among individuals and institutions that Bitcoin is poised to disrupt.
HIVE CEO, Frank Holmes, said 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 Bitcoin's network of 17,000 active nodes, both for the benefit of our shareholders, but also for our belief in Bitcoin's unique ability to be a portable, rare and digital source of wealth.
The same entities that criticize gold or other alternative asset classes appear to have harsher feelings about Bitcoin. This observation highlights a broader pattern of resistance on the part of traditional financial institutions, banking lobbies, and unelected global agencies such as the Bank for International Settlements toward alternative stores of value and portable decentralized assets.
Objective reporting can be rare in the Bitcoin sector, making it essential for investors to seek knowledge and understanding independently. Hopefully, the “FUD Fighters” campaign with Bitcoin Magazine – a long-time Bitcoin leader and business partner of HIVE – can achieve just that. FUD ENDS NOW.
mark Goodwin, Bitcoin Magazineeditor:
“For those of us working on Bitcoin, we have now come to expect the poorly crafted, but shockingly popular, media campaigns that crop up from time to time. From ominous criticisms of its energy use, to its technological rivals projecting their faults on Bitcoin, and the always classic moralism about the individual's right to… Self-determination, these attacks are banal, revealing the underlying motives of those who impose 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 gives humanity. To this end, education and objective journalism are crucial to fostering public dialogue that will converge on the truth. FUD Fighters is an attempt to clear up the muddy waters of Bitcoin discourse by highlighting the rebuttals of experts who have taken the time to run the numbers and data. Go beyond the surface. Their conclusions are largely at odds with the baseless claims that vested interests prefer to accept as fact.
The first installment of the FUD Fighters series – in response to a new report from the United Nations University – comes from Margot Paez, PhD candidate in civil engineering and Research Fellow (Mining and Energy) at the Bitcoin Policy Institute. Margot is writing her doctoral thesis at Georgia Tech on the interplay between Bitcoin mining and energy center data modeling. Paez's FUD Fighters article will provide a sharp rebuttal of the errors, distortions, and flawed methodological approach of the United Nations University and the policy recommendations made therein.
About Bitcoin Magazine
Bitcoin Magazine, the world's first publication covering Bitcoin, serves its international readers with innovative ideas, breaking news, and global influence at the intersection of finance, technology, and Bitcoin. Bitcoin Magazine operates out of Nashville, Tennessee, and is published by BTC Media. For the latest Bitcoin news, visit BitcoinMagazine.com.
About HIVE Digital Technologies
HIVE Digital Technologies Ltd. has been launched. 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 publicly traded company, we are building a bridge between the cryptocurrency sector, the blockchain sector and traditional capital markets. HIVE has green energy-powered data center facilities in Canada, Sweden and Iceland, where we source geothermal and hydroelectric power to mine digital assets like Bitcoin on the cloud.
Since the beginning of 2021, HIVE has maintained in a safe vault the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of cryptocurrency mining, in addition to a Bitcoin portfolio. Since HIVE also owns hard assets such as data centers and advanced, versatile servers, we believe our shares offer investors an attractive way to learn about the cryptocurrency space.
