NASHVILLE, February 6, 2024 – HIVE Digital Applied sciences Ltd (NASDAQ: HIVE) and Bitcoin Journal announce “FUD Fighters”, a brand new initiative centered round schooling on the various false narratives articulated by critics of Bitcoin. The “FUD Fighters” collection will consist of 4 in-depth analysis articles written by business specialists to counter faulty, biased and misinformed narratives that search to mislead the general public about Bitcoin. By way of this initiative, HIVE and Bitcoin Journal intention to focus on, by a data-oriented strategy, the tangible advantages of this expertise, and consequently, to rebuke the unequivocally false reporting from conventional media shops, pundits and biased researchers. “FUD Fighters” will present the Bitcoin group with refutations of generally circulated “FUD” (concern, uncertainty, doubt) in order that the group might bolster its potential to counter falsehoods which are hindering Bitcoin’s integration into monetary markets, energy infrastructure and social norms.
As the primary Bitcoin media group (est. 2012), Bitcoin Journal has educated the general public on Bitcoin and bitcoin mining for greater than a decade, working to supply high-quality journalism on the inside workings of the Bitcoin ecosystem. Since Bitcoin’s entrance into mainstream cultural and political dialog, the expertise has been undeservedly maligned by legacy pursuits for its perceived inefficiency, hazard or wastefulness. Alongside HIVE, Bitcoin Journal believes these assertions to be fully with out benefit, and in lots of situations, reflective of the biases, motivated reasoning and cognitive distortions pervasive amongst people and establishments that Bitcoin is poised to disrupt.
HIVE Govt Chairman Frank Holmes, in an announcement to Bitcoin Journal, famous the significance of Bitcoin schooling amidst the general lack of goal reporting on the subject:
“At HIVE, we’re obsessed with our efforts to help and safe the Bitcoin community of 17,000 energetic nodes, each for the good thing about our shareholders, but additionally for our perception in Bitcoin’s distinctive potential to be a supply of moveable, scarce, and digital wealth.
Evidently the very entities crucial of gold or different various asset lessons, have even harsher sentiments towards Bitcoin. This statement underscores a broader sample of resistance from conventional monetary establishments, financial institution lobbyists, and international non-elected companies just like the Financial institution of Worldwide Settlements towards various shops of worth and decentralized, moveable property.
Goal reporting could be scarce within the Bitcoin sector, making it essential for buyers to hunt data and understanding independently. We hope the “FUD Fighters” marketing campaign with Bitcoin Journal – a long-time pioneer in Bitcoin and enterprise accomplice of HIVE – can do exactly that. The FUD ends now.”
Mark Goodwin, Bitcoin Journal’s Editor-in-Chief:
“For these working in Bitcoin, we’ve now come to count on the poorly articulated, but shockingly well-liked, media campaigns that seem every now and then. From ill-fated criticisms of its power use, to its technological opponents projecting their very own improprieties onto Bitcoin, and the always-classic moralization of particular person self-determination, these assaults are trite, and revealing of the motivations underlying those that levy them.
It needs to be no secret that Bitcoin Journal as a publication has a point-of-view, and that point-of-view is that Bitcoin is a constructive expertise price preventing for due to the advantages that it confers humanity. To that finish, schooling and goal journalism are crucial to fostering a public dialog that can converge upon reality.FUD Fighters is an try and make clear the muddy waters of the Bitcoin discourse by highlighting refutations from specialists who’ve taken the time to run the numbers and transcend the floor. Their conclusions are by-and-large opposite to the baseless claims that entrenched pursuits would favor to be accepted as reality.”
The primary installment of the FUD Fighters collection – a response to a new report by the United Nations College – comes from Margot Paez, PhD Candidate in Civil Engineering and Analysis Fellow (Mining & Power) on the Bitcoin Coverage Institute. Margot is writing her PhD thesis at Georgia Institute of Expertise on the interaction between bitcoin mining and power middle information modeling. Paez’s FUD Fighters piece will present a pointy refutation of the errors, misrepresentations and defective methodological strategy of the United Nations College and the coverage suggestions made therein.
About Bitcoin Journal
Bitcoin Journal, the world’s first publication overlaying Bitcoin, serves its worldwide readership with revolutionary concepts, breaking information, and international affect on the intersection of finance, expertise, and Bitcoin. Working from Nashville, Tennessee, Bitcoin Journal is revealed by BTC Media. For the newest in Bitcoin information, go to BitcoinMagazine.com.
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 Change with a sustainable inexperienced power focus.
HIVE is a growth-oriented expertise inventory within the emergent blockchain business. As an organization whose shares commerce on a significant inventory trade, we’re constructing a bridge between the digital foreign money and blockchain sector and conventional capital markets. HIVE owns inexperienced energy-powered information middle amenities in Canada, Sweden, and Iceland, the place we endeavor to supply geothermal and hydroelectric power to mine digital property reminiscent of Bitcoin on the cloud.
For the reason that starting of 2021, HIVE has held in safe storage the vast majority of its treasury of ETH and BTC derived 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 laborious property reminiscent of information facilities and superior multi-use servers, we consider our shares supply buyers a beautiful technique to acquire publicity to the cryptocurrency house.