Image Credit: Fritzschens Fritz (Flickr)

The Computer Chip Shortage, Where We Are Now

 

To understand when the microchip shortage will end it helps to deeply understand how it began, and what is being done. The problems started with a global pandemic, a trade war, drought, fires, and snowstorms. At the same time, there has been record demand for computer chips. Microchips are in everything from washing machines to fitness watches. And new cars could require several dozen. The inability for consumer-goods manufacturers to secure the specific chips needed has idled production of many things we take for granted, meanwhile chip production, even under ideal conditions, is somewhat painstaking.

 

Background

The covid-19 pandemic caused decreased demand for new cars. This made sense as many were faced with an uncertain economic future, and their time spent behind the wheel of a car came to a screeching halt. Car companies, not looking to get stuck with a glut of cars slimmed-down manufacturing. Some plants even switched gears and manufactured ventilators for the government. The reduced auto manufacturing and reduced orders for parts including chips, which help control everything from transmissions to braking, and engine surveillance, caused microchip companies to refocus.

While car demand faltered, demand for home electronics like laptops, smart TVs and, new phones were in high demand as setting up a functioning home office became important. There was also increased demand for electronic recreation causing game console sales to tick-up dramatically.  

Factories reacted and began producing chips to match the changed demand. They actually increased manufacturing to the point where by January 2021 YOY sales were up 13.2%. They still were not able to meet demand. So bad was the shortfall that Apple produced 10 million fewer iPhone 13s last year than it had planned to.

 

When Will the Chip Shortage Resolve Itself?

Today’s chips are far more complex than ever before. The first Intel (INTC) microchip contained 2500 individual transistors, today there may be as many as 30 billion transistors on a single chip. As complex and delicate as chips today are, the fragility of the related supply chains has been the main difficulty.

Creating a single microchip can involve from 10 to 100 different manufacturers working on the same exact semiconductor wafer. Effectively, one semiconductor may travel around the world a half dozen times before being complete and ready for the manufacturer. And every part of the process is critical to the final product. With transportation slowed and some factories closed with the pandemic, slowdowns, bottlenecks, and roadblocks were almost a certainty and still are a problem.

Taiwan Semiconductor Manufacturing (TSMC) has a hand in close to 50 percent of the world’s microchips. It has scaled up production efforts to meet the demand, but there is only so much they can do since so many other parties are relied upon. Any changes in production methods also are subject to testing and evaluation. This is especially important when it comes to chips used in new cars. In addition to the safety concerns, they need to endure under harsh conditions for at least ten years.

New car shortages, with reports of some selling for up to $20,000 over sticker, have begun to get government attention. The U.S. President has pledged $50 billion in funding over the next decade to incentivize chip manufacturing within U.S. borders. The European Union has committed €145 billion over the next few years for the same purpose. Meanwhile, South Korea has announced $450 billion of investment and China has pledged over $1 trillion. Factories to handle all of the intricacies take years. One of the largest current projects is a $12 billion TSMC facility that is due to open in Arizona in 2024. In the near future, the shortage is expected to continue, the recent outbreak of the omicron variant of Covid19 may delay production plans even further.

One more thing weighing on chip production for the next month is that China is said to be aiming for zero Covid infections prior to the 2022 Winter Olympics scheduled to begin February 4. The measures they are taking to achieve this have slowed current production of microchips and everything else.

Take-Away

Manufacturing computer chips is not remote work. The reasons for chip shortages for the products that are in high demand came about through a series of steps that included consumer behavior, meeting changed consumer demand, difficulty in shipping, and problems in bringing people to work. Now that it is a recognized problem, the amount of effort being undertaken to correct it may lead to a future where chips are in more than ample supply. That, however, is not likely to occur during the first two quarters of 2022. Chips are delicate and any new facility or process will necessitate thorough testing, the last thing a chip manufacturer needs is a recall.

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Sources:

https://www.semiconductors.org/global-semiconductor-sales-increase-13-2-year-to-year-in-january/

https://www.reuters.com/world/us/biden-jobs-plan-includes-50-bln-chips-research-manufacturing-2021-04-12/

https://www.cnbc.com/2021/03/16/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html

https://www.techradar.com/uk/news/why-ps5-shortage

https://www.newscientist.com/article/2022-2022-preview-will-the-global-computer-chip-shortage-ever-end/#ixzz7H0po9EPk

https://www.newscientist.com/article/2271918-theres-a-global-shortage-of-computer-chips-whats-causing-it/

 

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	Image Credit: Quinton Gellar (Pexels)

Telecommunication Giants Send 5G Rejection Letter to Buttigieg asking, Can You Hear Me Now?

 

5G is the latest intense challenge to airlines. Between fuel costs, pandemic restrictions, governmental mandates, and employee negotiations, the industry has had a tough 24 months. As we enter 2022, it seems the challenges will continue, as AT&T and Verizon have rejected a request that may cause disruption of some flights.

Background

In a letter to the U.S. Secretary of Transportation in mid-December top executives at Boeing (BA) and Airbus (EADSY) warned that 5G technology could have “an enormous negative impact on the aviation industry.” Previously concerns had also been raised that C-Band spectrum 5G wireless could interfere with aircraft electronics. The letter cited research by the trade group Airlines for America which found that if the Federal Aviation Administration’s (FAA) 5G rules had been in effect in 2019, about 345,000 passenger flights and 5,400 cargo flights would have faced delay, diversion, or cancellation. Airlines for America represents airlines and freight carriers including American (ticker: AAL), Delta (DAL), FedEx (FDX) and United Parcel Service (UPS).

This concern is now at a fever pitch as U.S. telecom companies AT&T (T) and Verizon (VZ) are due to deploy 5G services on January 5, 2022.

Standoff

On Sunday (January 2^nd) Verizon and AT&T rejected a request by the U.S. government to delay the rollout of 5G wireless technology. In a joint letter from the two telecommunications giants to U.S. Transportation Secretary Pete Buttigieg and the head of the Federal Aviation Administration, Steve Dickson, tried to dismiss concerns that the new 5G wireless service could disrupt aviation.

Buttigieg and Dickson sent a letter on New Year’s Eve to the CEOs of AT&T and Verizon proposing a delay in activating 5G service near an undetermined number of “priority airports” to give the FAA time to study the potential for interference with aircraft operations. The two telecom companies had previously agreed to a one-month delay and now fear any further delays would disrupt their customer service. Part of their response letter on Sunday read, ”Agreeing to your proposal would not only be an unprecedented and unwarranted circumvention of the due process and checks and balances carefully crafted in the structure of our democracy but an irresponsible abdication of the operating control required to deploy world-class and globally competitive communications networks that are every bit as essential to our country’s economic vitality, public safety and national interests as the airline industry.”

Take-Away

The affected 5G sites are those around commercial airports. This is a case where one industry could be impacting the growth and timely rollout of a new product of an entirely different industry. The concern of the airlines of course is safety, the telecommunication giants believe this has already been settled and currently plan on flipping the switch on January 5^th.

 

Suggested Reading:

What is the Sustainable Aviation Fuel Grand Challenge?

History Being Made in Net-Zero Passenger Flights

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Sources:

https://www.usnews.com/news/business/articles/2022-01-02/at-t-verizon-reject-u-s-request-to-delay-5g-wireless-plans

https://www.barrons.com/articles/airlines-airports-flight-delays-5g-att-verizon-51641205781?mod=hp_LEAD_4

https://nypost.com/2022/01/01/airline-industry-demanding-fcc-delay-of-5g-rollout/

 

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Machine-Learning System Flags Remedies that Might Do More Harm than Good

 

Adam Zewe | MIT News
Office

Sepsis claims the lives of nearly 270,000 people in the U.S. each year. The unpredictable medical condition can progress rapidly, leading to a swift drop in blood pressure, tissue damage, multiple organ failure, and death.

Prompt interventions by medical professionals save lives, but some sepsis treatments can also contribute to a patient’s deterioration, so choosing the optimal therapy can be a difficult task. For instance, in the early hours of severe sepsis, administering too much fluid intravenously can increase a patient’s risk of death.

To help clinicians avoid remedies that may potentially contribute to a patient’s death, researchers at MIT and elsewhere have developed a machine-learning model that could be used to identify treatments that pose a higher risk than other options. Their model can also warn doctors when a septic patient is approaching a medical dead end — the point when the patient will most likely die no matter what treatment is used — so that they can intervene before it is too late.

When applied to a dataset of sepsis patients in a hospital intensive care unit, the researchers’ model indicated that about 12 percent of treatments given to patients who died were detrimental. The study also reveals that about 3 percent of patients who did not survive entered a medical dead end up to 48 hours before they died.

“We see that our model is almost eight hours ahead of a doctor’s recognition of a patient’s deterioration. This is powerful because in these really sensitive situations, every minute counts, and being aware of how the patient is evolving, and the risk of administering certain treatment at any given time, is really important,” says Taylor Killian, a graduate student in the Healthy ML group of the Computer Science and Artificial Intelligence Laboratory (CSAIL).

Joining Killian on the paper are his advisor, Assistant Professor Marzyeh Ghassemi, head of the Healthy ML group and senior author; lead author Mehdi Fatemi, a senior researcher at Microsoft Research; and Jayakumar Subramanian, a senior research scientist at Adobe India. The research is being presented at this week’s Conference on Neural Information Processing Systems. 

 

A Dearth of Data

This research project was spurred by a 2019 paper Fatemi wrote that explored the use of reinforcement learning in situations where it is too dangerous to explore arbitrary actions, which makes it difficult to generate enough data to effectively train algorithms. These situations, where more data cannot be proactively collected, are known as “offline” settings.

In reinforcement learning, the algorithm is trained through trial and error and learns to take actions that maximize its accumulation of reward. But in a health care setting, it is nearly impossible to generate enough data for these models to learn the optimal treatment, since it isn’t ethical to experiment with possible treatment strategies.

So, the researchers flipped reinforcement learning on its head. They used the limited data from a hospital ICU to train a reinforcement learning model to identify treatments to avoid, with the goal of keeping a patient from entering a medical dead end.

Learning what to avoid is a more statistically efficient approach that requires fewer data, Killian explains.

“When we think of dead ends in driving a car, we might think that is the end of the road, but you could probably classify every foot along that road toward the dead end as a dead end. As soon as you turn away from another route, you are in a dead end. So, that is the way we define a medical dead end: Once you’ve gone on a path where whatever decision you make, the patient will progress toward death,” Killian says.

“One core idea here is to decrease the probability of selecting each treatment in proportion to its chance of forcing the patient to enter a medical dead-end — a property that is called treatment security. This is a hard problem to solve as the data do not directly give us such an insight. Our theoretical results allowed us to recast this core idea as a reinforcement learning problem,” Fatemi says.

 

 

To develop their approach, called Dead-end Discovery (DeD), they created two copies of a neural network. The first neural network focuses only on negative outcomes — when a patient died — and the second network only focuses on positive outcomes — when a patient survived. Using two neural networks separately enabled the researchers to detect a risky treatment in one and then confirm it using the other.

They fed each neural network patient health statistics and a proposed treatment. The networks output an estimated value of that treatment and also evaluate the probability the patient will enter a medical dead end. The researchers compared those estimates to set thresholds to see if the situation raises any flags.

A yellow flag means that a patient is entering an area of concern while a red flag identifies a situation where it is very likely the patient will not recover.

 

Treatment Matters

The researchers tested their model using a dataset of patients presumed to be septic from the Beth Israel Deaconess Medical Center intensive care unit. This dataset contains about 19,300 admissions with observations drawn from a 72-hour period centered around when the patients first manifest symptoms of sepsis. Their results confirmed that some patients in the dataset encountered medical dead ends.

The researchers also found that 20 to 40 percent of patients who did not survive raised at least one yellow flag prior to their death, and many raised that flag at least 48 hours before they died. The results also showed that, when comparing the trends of patients who survived versus patients who died, once a patient raises their first flag, there is a very sharp deviation in the value of administered treatments. The window of time around the first flag is a critical point when making treatment decisions.

“This helped us confirm that treatment matters and the treatment deviates in terms of how patients survive and how patients do not. We found that upward of 11 percent of suboptimal treatments could have potentially been avoided because there were better alternatives available to doctors at those times. This is a pretty substantial number, when you consider the worldwide volume of patients who have been septic in the hospital at any given time,” Killian says.

Ghassemi is also quick to point out that the model is intended to assist doctors, not replace them.

“Human clinicians are who we want making decisions about care, and advice about what treatment to avoid isn’t going to change that,” she says. “We can recognize risks and add relevant guardrails based on the outcomes of 19,000 patient treatments — that’s equivalent to a single caregiver seeing more than 50 septic patient outcomes every day for an entire year.”

Moving forward, the researchers also want to estimate causal relationships between treatment decisions and the evolution of patient health. They plan to continue enhancing the model so it can create uncertainty estimates around treatment values that would help doctors make more informed decisions. Another way to provide further validation of the model would be to apply it to data from other hospitals, which they hope to do in the future.

 

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Tuesday, December 21, 2021

TAAL Distributed Information Technologies (TAALF)
Completes Data Center Acquisition; Preliminary 4Q21 Results

Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Data Center. TAAL has completed the acquisition of the 60,000 sq/ft facility in Grand Falls, New Brunswick. The new facility will enable TAAL to mine Bitcoin on an industrial scale. Once filled to capacity, TAAL will be able to power up to 2 Eh/s of Bitcoin mining. Notably, the 50 MW of energy to be supplied to power the operations is over 40% from renewable energy.


Preliminary 4Q21 Results.  For the fourth quarter, TAAL expects consolidated revenue to be in the range of $13.75 million and $14.25 million. This is up from the $12.4 million generated in the third quarter and would represent the fifth consecutive quarterly revenue increase. We were estimating 4Q21 revenue to come in at $13.6 million …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Tuesday, December 21, 2021

TAAL Distributed Information Technologies (TAALF)
Completes Data Center Acquisition; Preliminary 4Q21 Results

Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Data Center. TAAL has completed the acquisition of the 60,000 sq/ft facility in Grand Falls, New Brunswick. The new facility will enable TAAL to mine Bitcoin on an industrial scale. Once filled to capacity, TAAL will be able to power up to 2 Eh/s of Bitcoin mining. Notably, the 50 MW of energy to be supplied to power the operations is over 40% from renewable energy.


Preliminary 4Q21 Results.  For the fourth quarter, TAAL expects consolidated revenue to be in the range of $13.75 million and $14.25 million. This is up from the $12.4 million generated in the third quarter and would represent the fifth consecutive quarterly revenue increase. We were estimating 4Q21 revenue to come in at $13.6 million …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

 

Voyager Digital Announces Brian Brooks, Former Acting Comptroller of the U.S. Currency, Joins Board of Directors

 

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce Brian Brooks has been appointed to Voyager Digital Ltd’s Board of Directors effective immediately.
 
Philip Eytan, Chairman of Voyager Digital, said, “On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director.”  Mr. Eytan continued, “Brian’s extensive background as an executive at major crypto companies and as the leader of important government regulatory initiatives in the crypto space will help propel the growth of digital assets and Voyager’s business.”

Brian is currently CEO of Bitfury Group Ltd and was formerly the Acting Comptroller of the U.S. Currency at the Office of the Comptroller of the Currency and, before that, the Chief Legal Officer of Coinbase. Mr. Brooks has also held senior positions in the traditional finance sector, including as EVP, General Counsel and Corporate Secretary at Fannie Mae and as Vice Chairman of OneWest Bank, N.A.

Mr. Brooks is a globally recognized leader in financial services law, operations, and policy and has been instrumental in the growth of several high-profile Silicon Valley fintech startups. He most recently appeared with other crypto CEOs before the House Committee on Financial Services to discuss cryptocurrencies.  His work as Acting Comptroller leading the U.S. national banking system earned him recognition on various lists of thought leaders, including as Cointelegraph’s 13th most influential person in crypto globally; as one of Qredo’s top 20 crypto regulatory voices; and as the 10th most important influencer in the world as rated by Crunchbase.

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX:VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Announces Trading Of Common Shares And Variable Voting Shares Under Single Trading Symbol To Commence As Of Market Open On TSX On December 23, 2021

 

Research, News, and Market Data on Voyager Digital

 

NEW YORK, Dec. 20, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce that its amended share structure, overwhelmingly approved at the annual general and special meeting of shareholders held on December 14, 2021, will be reflected in trading effective as of the opening of the Market on the Toronto Stock Exchange on Thursday December 23, 2021. The amendment in share structure was implemented to ensure Voyager’s status as a Foreign Private Issuer and reduce compliance costs. The common shares (“Common Shares”) and its newly implemented variable voting shares (the “Variable Voting Shares”) will begin trading at the market opening on the Toronto Stock Exchange under the single and current ticker “VOYG”. These shares will bear the CUSIP/ISIN number 92919V405/CA92919V405 and will be designated for purposes of trading under the single designation of “Common and Variable Voting Shares” of Voyager.

At its annual general and special meeting of shareholders held on December 14, 2021, the shareholders of Voyager approved the amendment of its articles (the “Amended Articles”), as further described in its management information circular dated November 15, 2021 (the “Circular”), in order to, among other things:

• Create and set the terms of a new class of shares of Voyager, being the Variable Voting Shares, including applying coattail terms to such shares; and
• Amend the terms of the existing Common Shares, including without limitation, by amending the requirements on who may hold Common Shares, which is limited to non-US persons, and applying coattail terms to such shares.

Details of the changes in share structure can be found in the Circular, available under Voyager’s profile at www.sedar.com.

In connection with the Amended Articles, Voyager has applied for, and has received certain exemptive relief (the “Decision”) from the Canadian securities administrators to enable its Common Shares and Variable Voting Shares to be treated collectively as if they were a single class for certain purposes, including for take-over bid and early warning reporting purposes and to permit the Company to refer to the variable voting shares as variable voting shares.

A copy of the Circular, the Amended Articles and the Decision are available on SEDAR at www.sedar.com  under Voyager’s profile. 

About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/

 

Voyager Digital Announces Trading Of Common Shares And Variable Voting Shares Under Single Trading Symbol To Commence As Of Market Open On TSX On December 23, 2021

 

Research, News, and Market Data on Voyager Digital

 

NEW YORK, Dec. 20, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce that its amended share structure, overwhelmingly approved at the annual general and special meeting of shareholders held on December 14, 2021, will be reflected in trading effective as of the opening of the Market on the Toronto Stock Exchange on Thursday December 23, 2021. The amendment in share structure was implemented to ensure Voyager’s status as a Foreign Private Issuer and reduce compliance costs. The common shares (“Common Shares”) and its newly implemented variable voting shares (the “Variable Voting Shares”) will begin trading at the market opening on the Toronto Stock Exchange under the single and current ticker “VOYG”. These shares will bear the CUSIP/ISIN number 92919V405/CA92919V405 and will be designated for purposes of trading under the single designation of “Common and Variable Voting Shares” of Voyager.

At its annual general and special meeting of shareholders held on December 14, 2021, the shareholders of Voyager approved the amendment of its articles (the “Amended Articles”), as further described in its management information circular dated November 15, 2021 (the “Circular”), in order to, among other things:

• Create and set the terms of a new class of shares of Voyager, being the Variable Voting Shares, including applying coattail terms to such shares; and
• Amend the terms of the existing Common Shares, including without limitation, by amending the requirements on who may hold Common Shares, which is limited to non-US persons, and applying coattail terms to such shares.

Details of the changes in share structure can be found in the Circular, available under Voyager’s profile at www.sedar.com.

In connection with the Amended Articles, Voyager has applied for, and has received certain exemptive relief (the “Decision”) from the Canadian securities administrators to enable its Common Shares and Variable Voting Shares to be treated collectively as if they were a single class for certain purposes, including for take-over bid and early warning reporting purposes and to permit the Company to refer to the variable voting shares as variable voting shares.

A copy of the Circular, the Amended Articles and the Decision are available on SEDAR at www.sedar.com  under Voyager’s profile. 

About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/

 

Voyager Digital Announces Brian Brooks, Former Acting Comptroller of the U.S. Currency, Joins Board of Directors

 

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce Brian Brooks has been appointed to Voyager Digital Ltd’s Board of Directors effective immediately.
 
Philip Eytan, Chairman of Voyager Digital, said, “On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director.”  Mr. Eytan continued, “Brian’s extensive background as an executive at major crypto companies and as the leader of important government regulatory initiatives in the crypto space will help propel the growth of digital assets and Voyager’s business.”

Brian is currently CEO of Bitfury Group Ltd and was formerly the Acting Comptroller of the U.S. Currency at the Office of the Comptroller of the Currency and, before that, the Chief Legal Officer of Coinbase. Mr. Brooks has also held senior positions in the traditional finance sector, including as EVP, General Counsel and Corporate Secretary at Fannie Mae and as Vice Chairman of OneWest Bank, N.A.

Mr. Brooks is a globally recognized leader in financial services law, operations, and policy and has been instrumental in the growth of several high-profile Silicon Valley fintech startups. He most recently appeared with other crypto CEOs before the House Committee on Financial Services to discuss cryptocurrencies.  His work as Acting Comptroller leading the U.S. national banking system earned him recognition on various lists of thought leaders, including as Cointelegraph’s 13th most influential person in crypto globally; as one of Qredo’s top 20 crypto regulatory voices; and as the 10th most important influencer in the world as rated by Crunchbase.

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX:VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 70 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Digerati Technologies Reports 143% Revenue Growth to $3.777 Million for First Quarter FY2022

Research, News, and Market Data on Digerati Technologies

 

– Non-GAAP Operating EBITDA of $0.691 Million –
– Gross Profit of $2.287 Million –
– Strong Gross Margin Improvement to 60.6% –

SAN ANTONIO, TX (GlobeNewswire) – December 15, 2021 – Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as  a Service) solutions for the small to medium-sized business (“SMB”) market, announced today financial results  for the three months ended October 31, 2021, the Company’s first quarter for its Fiscal Year 2022. 

Key Financial Highlights for the First Quarter Fiscal Year 2022 (Ended October 31, 2021) 

• Revenue increased by 143% to $3.777 million compared to $1.552 million for Q1 FY2021.
•  Gross profit increased 184% to $2.287 million compared to $0.804 million for Q1 FY2021.
•  Gross margin increased to 60.6% compared to 51.8% for Q1 FY2021.
• Non-GAAP Adjusted EBITDA income improved to $0.317 million, excluding all non-cash items and one-time transactional expenses, compared to Adjusted EBITDA income of $0.058 million for Q1FY2021.
• Non-GAAP operating EBITDA (OPCO EBITDA) improved to income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating EBITDA of $0.242 million for Q1 FY2021.

Arthur L. Smith, CEO of Digerati, commented, “I commend our team for continuing to execute successfully on  our plan and delivering on solid financial improvements in our first quarter of FY2022. This is reflected in strong  top-line revenue growth of 143%, an increase in gross margin, and improved Adjusted EBITDA results. With a  solid foundation in Florida and Texas, we believe Digerati is well positioned to continue executing on its business  plan and deliver on organic and acquisition growth in a very fragmented market.” 

Antonio Estrada, CFO of Digerati, stated, “Our financial disciplines remain strong since acquiring Nexogy and  ActivePBX in FY2021. Although most of the integration related to these acquisitions is complete, we continue  to streamline cost structures and integrate systems that we anticipate will result in improved financial results in  the future. We look forward to replicating this type of success with additional targeted and accretive acquisitions.” 

Three Months ended October 31, 2021 Compared to Three Months ended October 31, 2020 

Revenue for the three months ended October 31, 2021 was $3.777 million, an increase of $2.225 million or 143% compared to $1.552 million for the three months ended October 31, 2020. The increase in revenue between  periods is primarily attributed to the consolidation of the closed acquisitions of Nexogy and ActivePBX during  the period. 

Gross profit for the three months ended October 31, 2021 was $2.287 million, resulting in a gross margin of  60.6%, compared to $0.804 million and 51.8% for the three months ended October 31, 2020. The increase in gross margin is primarily due to the addition of high-margin revenue associated with Nexogy’s and ActivePBX’s  UCaaS product line.  

Selling, General and Administrative expenses (excluding legal and professional fees) for the three months ended  October 31, 2021 increased by $0.777 million, or 77%, to $1.788 million compared to $1.011 million for the three  months ended October 31, 2020. The increase in SG&A is attributed to the consolidation of the closed acquisitions  of Nexogy and ActivePBX. 

Operating loss for the three months ended October 31, 2021, was $0.580 million, an improvement of $0.046 million or 7%, compared to $0.626 million for the three months ended October 31, 2020. 

Adjusted EBITDA income for the three months ended October 31, 2021, was $0.317 million, an improvement of  $0.259 million, compared to an adjusted EBITDA income of $0.058 million for the three months ended October 31, 2020. In accordance with SEC Regulation G, the non-GAAP measurement of Adjusted EBITDA has been  reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net  Loss to Adjusted EBITDA” in the financial table included in this press release. 

Of note were the following non-cash expenses associated with the three months ended October 31, 2021. The  Company recognized stock-based compensation and warrant expense of $0.024 million and depreciation and  amortization expense of $0.492 million. Gain on derivative instruments was $4.433 million for the three months ended October 31, 2021. 

Non-GAAP operating EBITDA (OPCO EBITDA) for the three months ended October 31, 2021 improved to  income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating income of $0.242 million for the three months ended October 31, 2020. 

Net income for the three months ended October 31, 2021, was $2.419 million, an increase of $3.145 million, as  compared to a net loss of $0.726 million, for the three months ended October 31, 2020. The resulting Basic EPS  for the three months ended October 31, 2021 was $0.02, as compared to a Basic EPS loss of ($0.01) for the three  months ended October 31, 2020. 

At October 31, 2021, Digerati had $1.646 million of cash. 

Use of Non-GAAP Financial Measurements 

The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to  investors because it is commonly used in the cloud communications industry to evaluate companies on the basis  of operating performance and leverage. Adjusted EBITDA provides an adjusted view of EBITDA that takes into  account certain significant non-recurring transactions, if any, such as impairment losses and expenses associated  with pending acquisitions, which vary significantly between periods and are not recurring in nature, as well as  certain recurring non-cash charges such as changes in fair value of the Company’s derivative liabilities and stock based compensation. The Company also believes that Adjusted EBITDA provides investors with a measure of  the Company’s operational and financial progress that corresponds with the measurements used by management  as a basis for allocating resources and making other operating decisions. Although the Company uses Adjusted  EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes  certain significant operating expenses. Non-GAAP operating EBITDA (OPCO EBITDA) is useful to investors  because it reflects EBITDA for the core operation of the business excluding corporate expenses, non-cash  expenses and transactional expenses. EBITDA, Adjusted EBITDA, and Non-GAAP operating EBITDA are not  intended to represent cash flows for the periods presented, nor have they been presented as an alternative to  operating income or as an indicator of operating performance and should not be considered in isolation or as a  substitute for measures of performance prepared in accordance with accounting principles generally accepted in  the United States of America (“GAAP”). In accordance with SEC Regulation G, the non-GAAP measurements

in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net Loss to Adjusted EBITDA” in the financial table included in this press release. 

About Digerati Technologies, Inc. 

Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified  Communications as a Service) solutions for the business market. Through its operating subsidiaries T3  Communications (T3com.com) and Nexogy (Nexogy.com), the Company is meeting the global needs of  businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including  cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on  its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions  in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the  Cloud™. For more information, please visit www.digerati-inc.com or follow DTGI on LinkedIn, Twitter and  Facebook.  

Forward-Looking Statements 

The information in this news release includes certain forward-looking statements that are based upon assumptions  that in the future may prove not to have been accurate and are subject to significant risks and uncertainties,  including statements related to the future financial performance of the Company. Although the Company believes  that the expectations reflected in the forward-looking statements such as anticipated improvement in financial  results and delivering on organic and acquisition growth in a very fragmented market, are reasonable, it can give  no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that  could cause results to differ include, but are not limited to, our inability to source suitable acquisition targets,  failure to execute growth strategies, lack of product development and related market acceptance, the impact of  competitive services and pricing, general economic conditions, and other risks and uncertainties described in the  Company’s periodic filings with the Securities and Exchange Commission. 

Facebook: Digerati Technologies, Inc. 
Twitter: @DIGERATI_IR 
LinkedIn: Digerati Technologies, Inc.  

Investors 

The Eversull Group 
Jack Eversull  
jack@theeversullgroup.com 
(972) 571-1624 

ClearThink 
Brian Loper 
bloper@clearthink.capital 
(347) 413-4234

Digerati Technologies Reports 143% Revenue Growth to $3.777 Million for First Quarter FY2022

Research, News, and Market Data on Digerati Technologies

 

– Non-GAAP Operating EBITDA of $0.691 Million –
– Gross Profit of $2.287 Million –
– Strong Gross Margin Improvement to 60.6% –

SAN ANTONIO, TX (GlobeNewswire) – December 15, 2021 – Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a provider of cloud services specializing in UCaaS (Unified Communications as  a Service) solutions for the small to medium-sized business (“SMB”) market, announced today financial results  for the three months ended October 31, 2021, the Company’s first quarter for its Fiscal Year 2022. 

Key Financial Highlights for the First Quarter Fiscal Year 2022 (Ended October 31, 2021) 

• Revenue increased by 143% to $3.777 million compared to $1.552 million for Q1 FY2021.
•  Gross profit increased 184% to $2.287 million compared to $0.804 million for Q1 FY2021.
•  Gross margin increased to 60.6% compared to 51.8% for Q1 FY2021.
• Non-GAAP Adjusted EBITDA income improved to $0.317 million, excluding all non-cash items and one-time transactional expenses, compared to Adjusted EBITDA income of $0.058 million for Q1FY2021.
• Non-GAAP operating EBITDA (OPCO EBITDA) improved to income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating EBITDA of $0.242 million for Q1 FY2021.

Arthur L. Smith, CEO of Digerati, commented, “I commend our team for continuing to execute successfully on  our plan and delivering on solid financial improvements in our first quarter of FY2022. This is reflected in strong  top-line revenue growth of 143%, an increase in gross margin, and improved Adjusted EBITDA results. With a  solid foundation in Florida and Texas, we believe Digerati is well positioned to continue executing on its business  plan and deliver on organic and acquisition growth in a very fragmented market.” 

Antonio Estrada, CFO of Digerati, stated, “Our financial disciplines remain strong since acquiring Nexogy and  ActivePBX in FY2021. Although most of the integration related to these acquisitions is complete, we continue  to streamline cost structures and integrate systems that we anticipate will result in improved financial results in  the future. We look forward to replicating this type of success with additional targeted and accretive acquisitions.” 

Three Months ended October 31, 2021 Compared to Three Months ended October 31, 2020 

Revenue for the three months ended October 31, 2021 was $3.777 million, an increase of $2.225 million or 143% compared to $1.552 million for the three months ended October 31, 2020. The increase in revenue between  periods is primarily attributed to the consolidation of the closed acquisitions of Nexogy and ActivePBX during  the period. 

Gross profit for the three months ended October 31, 2021 was $2.287 million, resulting in a gross margin of  60.6%, compared to $0.804 million and 51.8% for the three months ended October 31, 2020. The increase in gross margin is primarily due to the addition of high-margin revenue associated with Nexogy’s and ActivePBX’s  UCaaS product line.  

Selling, General and Administrative expenses (excluding legal and professional fees) for the three months ended  October 31, 2021 increased by $0.777 million, or 77%, to $1.788 million compared to $1.011 million for the three  months ended October 31, 2020. The increase in SG&A is attributed to the consolidation of the closed acquisitions  of Nexogy and ActivePBX. 

Operating loss for the three months ended October 31, 2021, was $0.580 million, an improvement of $0.046 million or 7%, compared to $0.626 million for the three months ended October 31, 2020. 

Adjusted EBITDA income for the three months ended October 31, 2021, was $0.317 million, an improvement of  $0.259 million, compared to an adjusted EBITDA income of $0.058 million for the three months ended October 31, 2020. In accordance with SEC Regulation G, the non-GAAP measurement of Adjusted EBITDA has been  reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net  Loss to Adjusted EBITDA” in the financial table included in this press release. 

Of note were the following non-cash expenses associated with the three months ended October 31, 2021. The  Company recognized stock-based compensation and warrant expense of $0.024 million and depreciation and  amortization expense of $0.492 million. Gain on derivative instruments was $4.433 million for the three months ended October 31, 2021. 

Non-GAAP operating EBITDA (OPCO EBITDA) for the three months ended October 31, 2021 improved to  income of $0.691 million, excluding corporate expenses, compared to a non-GAAP operating income of $0.242 million for the three months ended October 31, 2020. 

Net income for the three months ended October 31, 2021, was $2.419 million, an increase of $3.145 million, as  compared to a net loss of $0.726 million, for the three months ended October 31, 2020. The resulting Basic EPS  for the three months ended October 31, 2021 was $0.02, as compared to a Basic EPS loss of ($0.01) for the three  months ended October 31, 2020. 

At October 31, 2021, Digerati had $1.646 million of cash. 

Use of Non-GAAP Financial Measurements 

The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to  investors because it is commonly used in the cloud communications industry to evaluate companies on the basis  of operating performance and leverage. Adjusted EBITDA provides an adjusted view of EBITDA that takes into  account certain significant non-recurring transactions, if any, such as impairment losses and expenses associated  with pending acquisitions, which vary significantly between periods and are not recurring in nature, as well as  certain recurring non-cash charges such as changes in fair value of the Company’s derivative liabilities and stock based compensation. The Company also believes that Adjusted EBITDA provides investors with a measure of  the Company’s operational and financial progress that corresponds with the measurements used by management  as a basis for allocating resources and making other operating decisions. Although the Company uses Adjusted  EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes  certain significant operating expenses. Non-GAAP operating EBITDA (OPCO EBITDA) is useful to investors  because it reflects EBITDA for the core operation of the business excluding corporate expenses, non-cash  expenses and transactional expenses. EBITDA, Adjusted EBITDA, and Non-GAAP operating EBITDA are not  intended to represent cash flows for the periods presented, nor have they been presented as an alternative to  operating income or as an indicator of operating performance and should not be considered in isolation or as a  substitute for measures of performance prepared in accordance with accounting principles generally accepted in  the United States of America (“GAAP”). In accordance with SEC Regulation G, the non-GAAP measurements

in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net Loss to Adjusted EBITDA” in the financial table included in this press release. 

About Digerati Technologies, Inc. 

Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified  Communications as a Service) solutions for the business market. Through its operating subsidiaries T3  Communications (T3com.com) and Nexogy (Nexogy.com), the Company is meeting the global needs of  businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including  cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on  its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions  in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the  Cloud™. For more information, please visit www.digerati-inc.com or follow DTGI on LinkedIn, Twitter and  Facebook.  

Forward-Looking Statements 

The information in this news release includes certain forward-looking statements that are based upon assumptions  that in the future may prove not to have been accurate and are subject to significant risks and uncertainties,  including statements related to the future financial performance of the Company. Although the Company believes  that the expectations reflected in the forward-looking statements such as anticipated improvement in financial  results and delivering on organic and acquisition growth in a very fragmented market, are reasonable, it can give  no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that  could cause results to differ include, but are not limited to, our inability to source suitable acquisition targets,  failure to execute growth strategies, lack of product development and related market acceptance, the impact of  competitive services and pricing, general economic conditions, and other risks and uncertainties described in the  Company’s periodic filings with the Securities and Exchange Commission. 

Facebook: Digerati Technologies, Inc. 
Twitter: @DIGERATI_IR 
LinkedIn: Digerati Technologies, Inc.  

Investors 

The Eversull Group 
Jack Eversull  
jack@theeversullgroup.com 
(972) 571-1624 

ClearThink 
Brian Loper 
bloper@clearthink.capital 
(347) 413-4234

 

Voyager Digital Becomes the Official CryptoCurrency Brokerage Partner of The National Women’s Soccer League

 

Research, News, and Market Data on Voyager Digital

 

Multi-year deal features Voyager-funded crypto accounts for all NWSL players

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced a multi-year agreement with The National Women’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage partner, further extending the league’s global marketing reach, and providing players with direct financial support, crypto education and rewards.

“We are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” said Steve Ehrlich, CEO, and co-founder of Voyager. “We believe strongly in the future of these players and this league, and we can’t wait to get started.”

The partnership calls for a significant amount of Voyager’s investment in the league to be used to fund individual crypto accounts for each rostered player in the NWSL. Each player will be eligible to receive an equal portion of the Voyager-established NWSL players’ fund, deposited in an account accessible via the Voyager app. Voyager will also provide NWSL players with financial education on crypto, including key lessons and tools, to help develop long-term financial growth opportunities for players potentially well after their competitive playing careers have ended.

“I’m thrilled to welcome Voyager to the NWSL’s growing list of partners, each of whom offers our clubs and players crucial support as we continue to build a league where the world’s best players compete,” said Marla Messing, NWSL interim CEO. “Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets.”

As part of the agreement, Voyager will also inaugurate an  NWSL Voyager Player Ambassador roster, featuring one player from each team in the league. Their efforts will include attending educational appearances, creating content, and working with their teammates to manage their Voyager accounts better.

The NWSL will grow to 12 teams in 2022, with the upcoming Expansion Draft for Angel City FC and San Diego Wave FC scheduled to air on CBSSN at 7 p.m. ET on Thursday, Dec. 16, 2021. Two days later, on Dec. 18, the 2022 NWSL Draft presented by Ally will air on the CBS family of networks, beginning at 2 p.m. ET on CBSHQ. Both drafts will be streamed internationally on the NWSL’s Twitch channel.

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX:VYGVF ) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 65 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About NWSL

The National Women’s Soccer League is the premier women’s professional soccer league in the world featuring national team players from around the globe. The clubs are Angel City FC, Chicago Red Stars, Houston Dash, Kansas City Current, NJ/NY Gotham FC, North Carolina Courage, OL Reign, Orlando Pride, Portland Thorns FC, Racing Louisville FC, San Diego Wave FC, and Washington Spirit. The NWSL’s Official Sponsors include Ally, Budweiser, CBS, Deloitte, Mastercard, Nationwide, Nike, Twitch, Verizon, and Voyager.

Contacts:

Voyager

Patrick Wixted

Patrick.Wixted@Ketchum.com

240-876-8774

NWSL

Kirsten Brierley

kbrierley@nwslsoccer.com

631-617-7093

 

Voyager Digital Becomes the Official CryptoCurrency Brokerage Partner of The National Women’s Soccer League

 

Research, News, and Market Data on Voyager Digital

 

Multi-year deal features Voyager-funded crypto accounts for all NWSL players

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced a multi-year agreement with The National Women’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage partner, further extending the league’s global marketing reach, and providing players with direct financial support, crypto education and rewards.

“We are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” said Steve Ehrlich, CEO, and co-founder of Voyager. “We believe strongly in the future of these players and this league, and we can’t wait to get started.”

The partnership calls for a significant amount of Voyager’s investment in the league to be used to fund individual crypto accounts for each rostered player in the NWSL. Each player will be eligible to receive an equal portion of the Voyager-established NWSL players’ fund, deposited in an account accessible via the Voyager app. Voyager will also provide NWSL players with financial education on crypto, including key lessons and tools, to help develop long-term financial growth opportunities for players potentially well after their competitive playing careers have ended.

“I’m thrilled to welcome Voyager to the NWSL’s growing list of partners, each of whom offers our clubs and players crucial support as we continue to build a league where the world’s best players compete,” said Marla Messing, NWSL interim CEO. “Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets.”

As part of the agreement, Voyager will also inaugurate an  NWSL Voyager Player Ambassador roster, featuring one player from each team in the league. Their efforts will include attending educational appearances, creating content, and working with their teammates to manage their Voyager accounts better.

The NWSL will grow to 12 teams in 2022, with the upcoming Expansion Draft for Angel City FC and San Diego Wave FC scheduled to air on CBSSN at 7 p.m. ET on Thursday, Dec. 16, 2021. Two days later, on Dec. 18, the 2022 NWSL Draft presented by Ally will air on the CBS family of networks, beginning at 2 p.m. ET on CBSHQ. Both drafts will be streamed internationally on the NWSL’s Twitch channel.

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX:VYGVF ) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 65 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About NWSL

The National Women’s Soccer League is the premier women’s professional soccer league in the world featuring national team players from around the globe. The clubs are Angel City FC, Chicago Red Stars, Houston Dash, Kansas City Current, NJ/NY Gotham FC, North Carolina Courage, OL Reign, Orlando Pride, Portland Thorns FC, Racing Louisville FC, San Diego Wave FC, and Washington Spirit. The NWSL’s Official Sponsors include Ally, Budweiser, CBS, Deloitte, Mastercard, Nationwide, Nike, Twitch, Verizon, and Voyager.

Contacts:

Voyager

Patrick Wixted

Patrick.Wixted@Ketchum.com

240-876-8774

NWSL

Kirsten Brierley

kbrierley@nwslsoccer.com

631-617-7093