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FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024

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    Singapore, Singapore, July 4th, 2024, Chainwire

    The industry-leading brand of DOGE and Litecoin mining machines announced a new product line at the recent Mining Disrupt 2024 conference.

    FoundationLogic, the fabless semiconductor design company behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida, held from 24-26 June. 

    At the event, FoundationLogic unveiled its new product line for silent home miners.

    Like the pro ElphaPex DG 1/DG 1+ models, the new device, dubbed ElphaPex DG Home 1, is powered by the Proof-of-Work (PoW) Scrypt algorithm, offering dual DOGE and LTC rewards. 

    Designed for a new era of home mining, ElphaPex DG Home 1 promises silent, low-maintenance, yet performant DOGE + LTC mining ensured by water-cooling technology. 

    Set to be released in Q4, 2024, the new model boasts a hashrate of 2000M, power of 620W and power efficiency of 0.31JM. Upon launch, ElphaPex DG Home 1 will be available for immediate purchase through the ElphaPex official website. 

    ElphaPex DG Home 1 drew an immediate reaction from crypto mining insiders, with some of the industry’s major influencers sharing photos on social media as soon as the model was showcased. Specifically, they described the new water-cooled miner as “silent, powerful, and efficient”. 

    “This new silent home miner embodies our commitment at ElphaPex to be everyone’s miner partner, regardless of the scale of operations” said Ben Weng, VP of Product at FoundationLogic. “We were pleased by the enthusiastic response we saw at the conference, as many visitors wanted to get one on the spot. Luckily, it won’t be long before everyone can start dual mining DOGE and Litecoin from the comfort of their homes”.

    “ElphaPex products have achieved a remarkable milestone in the DOGE & Litecoin mining chip industry and we’re excited to launch this new product into mass production” said Charles Song, Executive VP at Samsung Foundry. “I believe this is just the beginning of a very bright future for ElphaPex”.

    In addition to launching its newest product, FoundationLogic made a strong impression at the event, drawing attention from industry insiders and influential figures.

    As the main sponsor of Mining Disrupt 2024, the Scrypt mining hardware company hosted the official opening party and operated one of the event’s busiest booths, featuring engaging activities and giveaways.

    Another standout at the conference was FoundationLogic’s keynote presentation.

    During the keynote, the company’s representatives emphasized their commitment to advancing Scrypt mining, highlighting its growing potential for miners. This is particularly significant in light of bitcoin’s recent halving, which has posed challenges across the industry due to reduced rewards. They also pointed out several key advantages of Scrypt hardware over SHA-256 hardware, including better cash flow, ROI, and equipment lifecycle.

    Another highlight of the presentation was the success of the ElphaPex DG 1+, an ASIC miner launched earlier this year at Blockchain Life 2024 in Dubai. As FoundationLogic’s flagship model, it has set a new standard in the market and continues to dominate the Scrypt mining sector with a hashrate of 14000M, power of 3920W and efficiency of 0.28JM.

    Considering recent price trends and the increasing availability of reliable Scrypt mining hardware provided by FoundationLogic, leveraging DOGE’s meme advantage alongside LTC’s solid track record may offer a strategy for mining operations this year.

    About FoundationLogic

    FoundationLogic is a Singapore-based fabless semiconductor design company dedicated to revolutionizing the cryptocurrency mining industry. With a focus on innovation and reliability, FoundationLogic utilizes state-of-the-art ASIC chips designed in-house and subjects its products to rigorous field testing. Through its flagship ElphaPex series, FoundationLogic empowers mining enthusiasts and professionals with cutting-edge, accessible machines, setting new standards for efficiency and performance in the field. For more information, users can visit elphapex.com

    X: https://x.com/ElphaPex

    LinkedIn: https://www.linkedin.com/company/100958166

    Contact

    VP of Product
    Ben Weng
    [email protected]

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    HPH Announces Changes to the Board of Directors

    2024-10-01T20:30:00Z

    GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Highest Performances Holdings Inc. (NASDAQ: HPH) (“HPH” or the “Company”), today announced the appointment of Ms. Hang Suong Nguyen (“Ms. Nguyen”) as the new chairwoman of the Board, effective from September 30, 2024. Ms. Nguyen will succeed Mr. Chin Hua Peh, who will continue to serve as a director of the Company.

    Ms. Hang Suong Nguyen, Director and the Chairwoman of the Board

    Ms. Hang Suong Nguyen has over 10 years of investment management experience. Since October 2019, Ms. Nguyen has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited (Global Leader in Advanced AI-based Survey solutions), enabling global organizations to gain in-depth investigative insights on entities, individuals, groups and topics. She also served as vice president of Doji group (formerly TTD Technology Development and Trading Company) from 2016 to 2019. Previously, Ms. Nguyen served as head of investment at VNG Corporation from 2013 to 2016. VNG Corporation is Vietnam's leading local digital AI ecosystem, providing diverse products and services through four key business units: gaming, communications and media, fintech and digital services. From 2010 to 2013, she served in management roles for the Empower Consulting Group. Ms. Nguyen obtained her bachelor’s degree in international business from Vietnam National University in 2008 and her MBA degree from Hanoi University of Science and Technology (HUST) in 2009.

    The Board also announces that Mr. Jidong Luo has decided to resign from the Board as director and chairman of the audit committee due to personal reasons, effective from September 30, 2024.

    The Board has also appointed the following individuals to new roles of the Company, effective from September 30, 2024:

    Dr. Lihong Zhai, as independent director and the chairman of the audit committee;

    Ms. Min Zhou, as independent director and the chairwoman of the nominating and governance Committee; and

    Ms. Yingying Li, as independent director and the chairwoman of the compensation committee.

    Ms. Min Zhou, Independent Director and the Chairwoman of the Nominating and Governance Committee

    Ms. Min Zhou has been an executive director of Tian Ruixiang Holdings Ltd (NASDAQ “TIRX”) since April 2024. Prior to this role, Ms. Zhou worked as an investment manager at Huobi Capital from September 2021 to September 2022, where she developing investment plans and agreements for participating in the negotiation and trading of investment projects. She has rich experience in supervising the operation and development of investment projects. From September 2016 to June 2021, Ms. Zhou was the business development manager of Delta Insurance Brokerage Co. , Ltd. Ms. Zhou has extensive experience in ensuring compliance with securities laws and regulations, protecting shareholders’ interests, as well as participating in the formulation of company strategy and supervising management implementation to promote the company’s long-term development and enhance shareholder value. Ms. Zhou graduated from Hunan University with a bachelor’s degree in mechanical automation.

    Ms. Yingying Li, Independent Director and the Chairwoman of the Compensation Committee

    Since 2022, Ms. Yingying Li has served as the OEM cotton product director at Qinshu (Shanghai) Trading Co., Ltd. From July 2021 to October 2022, Ms. Li served as the general manager of the Product Planning Department at Shanghai Metersbonwe Fashion Co., Ltd., where she had extensive experience in leading the planning team to collect, sort, analyze fashion trends, and develop product strategies based on brand positioning and annual business goals. She also had experience in preparing planning proposals, themes, and quarterly development timetables. From October 2017 to June 2021, Ms. Li served as the manager of the Product Planning Department at E-Land Group. She had extensive experience in leading the planning, design, and production teams in conducting product sketch review, sample review at selection meetings, and pricing work to ensure product completion. Ms. Li graduated from Donghua University with a Master’s degree in textile engineering.

    Following the foregoing changes, our Board consists of eight directors, three of which are independent directors, and is chaired by Ms. Nguyen. Our current directors as of the date of this press release are as follows:

       
    Name Position
    Hang Suong Nguyen· Chairwoman of the board
    Yinan Hu Vice-Chairman and Chief Executive Officer
    Youjie Kong Director
    Yong Ren Director
    Chin Hua Peh Director
    Lihong Zhai Independent Director and the Chairman of Audit Committee
    Min Zhou Independent Director and the Chairwoman of Nominating and Governance Committee
    Yingying Li Independent Director and the Chairwoman of Compensation Committee
       

    Mr. Yinan Hu, vice-chairman and chief executive officer of HPH, commented: “We would like to extend our warmest welcome to Ms. Nguyen, our new Chairwoman. Ms. Nguyen brings a wealth of industry experience, outstanding leadership, and sharp market insight. I believe her joining will bring new development ideas and opportunities to the Company. Under her leadership, the Company is sure to make great strides in its journey to transform into an intelligent service provider for families and businesses, achieving our mission and making new leaps forward. At the same time, we sincerely thank the outgoing Board member for his valuable contributions to the Company. Together, we will ensure a smooth transition and maintain the momentum of our growth.”

    Ms. Hang Suong Nguyen, chairwoman of HPH, said: “As HPH embarks on its journey of transforming into an intelligent service provider for families and businesses, I look forward to working closely with the Board and management to actively drive the Company’s innovation. By fully leveraging the power of technology, we will build an AI-driven service platform that offers comprehensive and personalized solutions for families and businesses, while also creating greater value for shareholders.”

    Forward-looking Statements
    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH’s ability to obtain proceeds from the Agreement; HPH’s goals and strategies; HPH’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Highest Performances Holdings Inc.

    CONTACT: For more information, please contact:

Highest Performances Holdings Inc.
Tel: +86-20-28866499
Email: [email protected]

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