North American Bitcoin Mining

North American Bitcoin Mining

Hut 8 Mining Corp. ( Nasdaq: HUT) (TSX: HUT), one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased its Bitcoin holdings by 375 in the period ending August 31, bringing its total self-mined holdings to 8,111 Bitcoin.

Production highlights for August 2022: 375 Bitcoin were generated, resulting in an average production rate of approximately 12.1 Bitcoin per day. Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in August were deposited into custody. Total Bitcoin balance held in reserve is 8,111 as of August 31, 2022. Installed ASIC hash rate capacity was 2.98 EH/s at the end of the month, which excludes certain legacy miners that the Company anticipates will be fully replaced by the end of the year. Hut 8 produced 125.8 BTC/EH in August.

In late August, Hut 8 installed 180 NVIDIA GPUs in its flagship data centre in Kelowna, B.C. Currently mining Ethereum, the multi-workload machines will be designed to pivot on demand to provide Artificial Intelligence, Machine Learning, or VFX rendering services to customers. Hut 8 is partnering with Zenlayer to bring their on-demand high-performance computing to Canadian Web 3.0 and blockchain customers for the first time.

"Our team delivered very strong results across our mining and high performance infrastructure businesses in August, positioning us well for continued success," said Jaime Leverton, CEO. "We continue to receive and install our monthly shipments of new MicroBT miners on time, while actively adding to the suite of services we offer our data centre customers."

Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, Web 3.0, and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any crypto miner or publicly-traded company globally.

With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0.

Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.

eBay Assists SMEs To Export

eBay Assists SMEs To Export

eBay, a global e-commerce leader connecting millions of buyers and sellers worldwide, released its Southeast Asia Small Online Business Trade Report July 2022 ("Report"), highlighting the successes of small and medium-sized enterprises (SMEs) in Southeast Asia in expanding their global reach and selling to international markets using the eBay global marketplace.

eBay's "Southeast Asia Small Online Business Trade Report 2022" showed that 68% of eBay-enabled small businesses in Southeast Asia exported to 10 or more international markets in 2020 – spurring the growth of global retailers.

SMEs are the backbone of Southeast Asia's economy and a vital tenet of the regional economic architecture. In Malaysia, SMEs account for 97.2% of total business establishments, contributing 38.2%, or more than RM 512.8 billion, to the country's GDP in 2020. Among the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam covered in the Report, 68% of eBay-enabled small businesses exported to 10 or more international markets. In 2020, the region's eBay-enabled small business community made sales in 214 international markets.

eBay's global marketplace is uniquely positioned to offer Southeast Asian SMEs e-commerce export opportunities – while less than 20% of traditional businesses in each of the six markets highlighted in this Report export, all eBay-enabled small businesses in Indonesia, Thailand, and Vietnam are exporters, and more than 95% in Malaysia, the Philippines, and Singapore use eBay to reach global consumers. As a result, eBay enables small businesses to become global retailers from day one, and the eBay marketplace offers them an extended growth runway that is both diversified and resilient.

eBay-enabled small businesses defy the conventional wisdom that entry costs are a barrier to expanding into new international markets. Malaysian SMEs on eBay export to an average of 30 international destination markets. The top markets include the US, UK, Australia, Germany, Canada, Italy, France, Japan, China, and Spain.

"The main goal of eBay in Southeast Asia is to enable SMEs to sell globally. The marketplace offers 142 million active buyers across more than 3,000 product categories with market access to 190 markets. On eBay, export is no longer the privilege of large enterprises only. SMEs in Malaysia can easily reach consumers in some of the world's largest consumer markets, such as the US, UK, Germany, Australia, and become 'mini multinational corporations," said eBay's Regional General Manager for Southeast Asia and India, Vidmay Naini.

Beyond that, the ability to access non-traditional export markets via the eBay marketplace is immediately apparent for these SMEs. Seven of the top ten export markets for eBay-enabled small businesses in Malaysia are not in the top ten for traditional exporters.

The top five product categories exported by Malaysian sellers on eBay were: Auto Parts, Home & Garden, Health & Beauty, Cell Phones & Accessories and Collectibles.

Malaysian sellers on eBay have seen strong growth in a number of categories in 2021. For instance, in the Auto Parts & Accessories category, Malaysian sellers have grown Wheels, Tires and Parts sales by 29% in 2021, while Electrical and Ignition parts have grown by 76%.

There was also an increase in sales by Malaysian sellers on eBay in the Cell Phones & Accessories Category, with smartwatches increasing by 24%, headsets by 33%, and smartphones by 15%. Meanwhile, Sports Trading Card Singles in the Collectibles category increased exponentially at 109%.

eBay provided the platform for eBay-enabled small businesses to penetrate the global market. Jeff Liow is the director of Kings of Rim Malaysia (KOR), an eBay-enabled small business, and has been selling automotive wheels on eBay since 2016. According to Liow, "eBay has opened more countries for KOR to branch out their business including countries such as the United States and the United Kingdom."

During the infancy stages, it took us some time to learn and adapt. Later on, eBay suggested moving most of KOR inventories to the US warehouse via the SEA forward deployment initiative. "Our sales increased tenfold and continued to rise as KOR became acquainted with buyers' wants and needs, and eBay provided the insights enabling us to tap into the global scene," said Liow.

"eBay is leveraging the combined depth of our in-market teams and the global scale of eBay's marketplace to assist SMEs in growing their businesses and meeting the increasingly complex demands of global markets and consumers. We are delighted to play an important role in empowering and enabling our Southeast Asian, and Malaysian SMEs to expand their international reach - and to assist Malaysian SMEs in bringing the region's diverse retail offering to the world," said Mr. Naini.

The launch of the eBay's Report in Malaysia was followed by a fireside chat. Based on the Report prepared by eBay, the discussion focused on the Malaysian SME ecosystem. Yong Kai Ping, CEO of Selangor Information Technology & Digital Economy Corporation (SIDEC), Khairul Annuar Abdul Halim, Senior Director at Malaysia External Trade Development Corporation (MATRADE), Jeff Liow, Director of King of Rims Malaysia, and Vidmay Naini, Regional General Manager for Southeast Asia and India eBay International CBT (Cross Border Trade) were among the panellists.

Electrolux launches Appliance-as-a-Service

Electrolux launches Appliance-as-a-Service

In an industry first, Electrolux is launching a new `Appliance-as-a-Service' program for landlords and has signed one of Sweden's largest landlords, SKB, as the first customer. Electrolux is committed to contributing to the circular economy by integrating a circular approach into home appliance products and solutions and this is the latest example.

An appliance breaking down and needing repair or replacement can cause hassle and difficulties for a landlord, and may mean that a tenant is unable to cook, clean their clothes or dishes, whilst the landlord sources a repair or replacement. And right now, 68% of Swedish landlords* also throw out products unnecessarily, adding to environmental impact.

With this new subscription-based business model, SKB (Stockholms Kooperativa Bostadsförening) pays a monthly fee for which Electrolux installs, cares for and repairs the products, prolonging the appliance life length and reducing the carbon footprint per building. When an appliance replacement is needed, Electrolux will also oversee refurbishment as well as product recycling. The program is available to all developers and landlords; private, municipal, cooperative and also new building projects, student homes, holiday parks among others.

"Our new Appliance-as-a-Service program is an innovative and sustainable business model that contributes to a more circular economy. It means landlords and tenants can reduce their environmental impact, while we also make everyday life easier for them. We look forward to developing this service across other markets," said Stefan Borgquist, Senior Category Manager Product as a Service in BA Europe, Electrolux.

Electrolux has ambitious sustainability goals and the sustainability framework, For the Better 2030, defines how Electrolux works to achieve a Better Company, Better Solutions and Better Living. The Appliance-as-a-Service program for landlords is an example of a 'Better Solution' that promotes the circular economy and enables consumers to live more sustainably.

"At Electrolux we aim to lead in circular solutions where it matters. This new business model for landlords is a way for us to take the responsibility to optimise the appliance lifetime, making it sustainably better for us, our customers and the planet," said Peter Spencer, VP Consumer Direct Interaction BA Europe, Electrolux.

The program will be rolled out across additional markets later this year, starting in Europe.

"With the Internet of Things especially, combined with subscription and circular economy macro trends, the market is evolving and we see early signs that services based on these trends make sense for the consumer also in hardware electronics and appliances, " said Daniel Wentz, Electrolux VP Software Product. "It's important to understand the dynamic of such new models, and we look forward to learning more about the opportunities this could bring the consumer, our business and sustainably focus alike."

The new business models are currently being tested in Sweden and China.

North America Electric Scooter Market Report 2022

North America Electric Scooter Market Report 2022

The "North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Geography - Forecasts to 2029" report has been added to's offering.

The North America Electric Scooter Market is expected to grow at a CAGR of 41.6% from 2022-2029 to reach $ 15.41 billion by 2029. By volume, this market is expected to grow at a CAGR of 28.0% from 2022-2029 to reach 3,182.6 thousand units by 2029.

The growth of this market is attributed to the emergence of electric scooter-sharing fleets, the growing concerns over greenhouse gases and carbon emissions, and the emerging need for micro-mobility alternatives for short distances. Furthermore, the availability of smart charging stations and the increasing usage of micro-mobility for logistics applications offer lucrative opportunities for the growth of this market.

Based on vehicle type, the electric motorcycles segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies for promoting electric mobility, the growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, the rising demand for electric motorcycles among consumers, the rising gasoline prices, and the increasing number of stringent emission norms.

Based on power output, the 3.6 kW to 7.2 kW segment is expected to grow at the highest CAGR during the forecast period. This category of power output is used in electric mopeds. The growth of this segment is attributed to the cost-effectiveness of electric mopeds, zero tailpipe emissions, and the ability to run 60km on a single charge.

Based on battery technology, the lithium-ion polymer battery segment is expected to grow at the highest CAGR during the forecast period. Most electric bike manufacturers prefer the lithium-ion polymer battery and are widely equipped on e-bikes. Compared to other lithium batteries, the LiPo battery has a lower price yet maintains its performance.

LiPo batteries use solid, colloidal polymers or organic electrolytes. It is also beneficial for large capacity and fast charging while providing higher power in a short period, which enables e-bikes to obtain power support once started.

Based on motor type, the hub motor segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to its high flexibility and the capability to operate in all-wheel-drive, providing higher stability. A hub motor includes a wheel with a motor inside.

There are two types of hub motors: geared hub motors with internal planetary gears to reduce the speed of a higher RPM motor, and gearless hub motors, which have no gearing and directly connect the lower RPM motor stator's axle to the bike. Gearless hub motors have zero moving parts aside from their bearings, making them efficient in terms of wear and tear.

Based on charging type, the wireless charging segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the flexibility to charge the vehicle without physical contact, boosts the speed of charging, and confront range anxiety.

Based on end user, the business organizations segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the government initiatives for faster EV adoption, last-mile transportation, and reducing road congestion.

Based on country, Canada is expected to record the highest CAGR during the forecast period. The Canadian Government's regulation to reduce carbon emissions by 30% under the electric mobility movement is the major factor attributed to the high growth rate of the Canadian e-scooter market. Besides legislation, local ride-hailing companies, such as Bird Rides, Inc and Lime, offering electric scooters across the country, are expected to drive the electric scooters market.