Financial News
InvestorNewsBreaks – LQWD Technologies Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Announces Strong Results for Six-Months Ending Aug. 31, 2023
LQWD (TSX.V: LQWD) (OTCQB: LQWDF) announced it has filed its financial results for the six-months ending Aug. 31, 2023. Among the highlights, the company reported implementation of AI technology integrated into LQWD’s Lightning Network nodes, which resulted in a 4,500% increase in channels for the LQWD-Canada node. According to the announcement, the node now ranks among the top five on the entire Lightning Network, recently surpassing the Kraken exchange node. In addition, during the reporting period, LQWD appointed accomplished public company executive Alex P. Guidi to its board of directors and closed two non-brokered private placements totaling $1,182,000. The company is well positioned to capitalize on its Lightning Network business, with no debt, approximately $1.1 million in working capital, and ~114 Bitcoin that is beginning to earn fees in the form of satoshis on the network.
To view the full press release, visit https://ibn.fm/UGUnZ
LQWD Technologies Corp.
LQWD is a Lightning Network Liquidity Provider focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. LQWD also owns Bitcoin that is used as an operating asset, establishing nodes and payment channels on the Lightning Network.
NOTE TO INVESTORS: The latest news and updates relating to LQWD are available in the company’s newsroom at https://ibn.fm/LQWDF
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com
InvestorWire is powered by IBN
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.