Tag: WISeKey

WISeKey to Invest up to $10 Million Over the Next Two Years to Perform Bitcoin Mining From its Swiss Mountain Secure Bunker and Adapt its Cybersecurity Technologies to Defend Against Illicit Cryptocurrency Mining Activities

WISeKey to Invest up to $10 Million Over the Next Two Years to Perform Bitcoin Mining From its Swiss Mountain Secure Bunker and Adapt its Cybersecurity Technologies to Defend Against Illicit Cryptocurrency Mining Activities

The crypto mining and cybersecurity mining operations will be performed via a Special Purpose vehicle already created in Zoug with the name TrusteCoin AG
Benefits generated by Bitcoin mining process will be used to foster WISeKey’s cybersecurity expertise on protecting its clients against illicit cryptocurrency mining activities

Bitcoin mining will be performed from WISeKey’s Geneva Datacenter, and a former Swiss military bunker located in the Swiss Alps similar to the one filmed by Bloomberg back in 2014  https://youtu.be/xkWVxh-gRi8

Geneva, Switzerland – January 3, 2022 – WISeKey International Holding Ltd, (“WISeKey,” SIX: WIHN / Nasdaq: WKEY), a Swiss cybersecurity, AI and IoT company announced today its plan to invest up to $10 million over the next two years, to perform Bitcoin mining from its Geneva datacenter and a former Swiss military bunker located in the Swiss Alps, aiming to adapt cybersecurity technologies to help its customers defend themselves against illicit cryptocurrency mining activities.

WISeKey’s main objective of entering crypto mining operations is to help its clients protect against crypto jacking that occurs when malicious cyber actors effectively hijack the processing power of the devices and systems by exploiting vulnerabilities (in webpages, software, and operating systems), and illicitly install crypto mining software on victim devices and systems.

Crypto jacking involves maliciously installed programs that are persistent or non-persistent. Non-persistent crypto jacking usually occurs only while a user is visiting a particular webpage or has an internet browser open. Persistent crypto jacking continues to occur even after a user has stopped visiting the source that originally caused their system to perform mining activity. It is estimated that fifty out of every 100,000 devices have encountered a cryptocurrency miner.

WISeKey’s crypto mining operations will be performed via a Special Purpose vehicle already created in Zoug with the name TrusteCoin AG. The objective will be to gradually acquire and install over one thousand bitcoin mining machines at its secure Swiss Alps bunker facilities that will be connected to a control center at WISeKey bunker in Geneva. WISeKey is also looking at other similar locations offering the same type of bunkers such as in Gibraltar and United States that will be gradually connected to the network taking into consideration regulatory and sustainability aspects.

After China’s crypto space crackdown back in mid of 2021, the majority of the world’s bitcoin mining power settled in the United States. The local bitcoin mining industry now dominates the bitcoin mining market and produces over 35% of the world’s bitcoin mining hash rate and there is a great opportunity for cybersecurity companies to jump on this market with their technology. Through TrusteCoin AG, WISeKey is surfing the tide of blockchain and NFT interest through a crypto mining venture. The crypto mining services will be focused on simplifying consumer ownership of secure Bitcoin mining equipment through the integration of cybersecurity offered by WISeKey and smart-contract technologies to simplify the often-intimidating crypto mining process, while providing an affordable entry cost for WISeKey clients.

Since 1999, WISeKey was one of first ever companies to provide trusted, ultra-secure hosting using Swiss Alps bunkers. These ultra-secure bunkers facilities are adequate for critical-mission infrastructures and ideally located to perform Bitcoin mining. The WISeKey mountain bunkers facilities are Swiss military granite bunkers, built in the Swiss Alps to support the data even from nuclear catastrophes. These bunkers have been transformed to provide an ultra-secure environment for bitcoin mining as they have IT security certifications from the ISO 27001 to the impressive EM-SHIELD seal, which certifies protection against electromagnetic pulse.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties, and other factors, which could cause the actual results, financial condition, performance, or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is or shall be relied on as, a promise or representation as to the future performance of WISeKey.

 

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

WISeKey to receive a $10.0 million high growth capital investment from Alpha Blue Ocean to finance its TrustNFT.IO NFT platform to be launched in June 2021

WISeKey to receive a $10.0 million high growth capital investment from Alpha Blue Ocean to finance its TrustNFT.IO NFT platform to be launched in June 2021

Zug, Switzerland – May 7, 2021 – WISeKey International Holding Ltd (“WISeKey” or “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, announced today that it has signed a term-sheet to enter into a back-to-back unsecured short-term loan and the issuance and subscription of convertible notes with Alpha Blue Ocean to finance its new TrustNFT.IO NFT platform to be launched in June 2021.

The financing provided by Alpha Blue Ocean, a dynamic family office with the mission of revolutionizing the financial industry by offering innovative and tailored investments adapted to risk, is in the form of a short-term loan of $10.0 million repayable over a period of 12 months. Repayments are to be made either in cash or by requesting Alpha Blue Ocean to subscribe to convertible notes, up to a maximum of $10.8 million, with the proceeds from the subscription being used to make a repayment against the short-term loan. The principal amount of each convertible note subscribed, is repayable by way of conversion into Class B shares, par value CHF 0.05 each, of WISeKey (the “Class B Shares”). As consideration for Alpha Blue Ocean’s financing commitment, WISeKey, among other things, will be issuing a number of warrants.

With TrustedNFT.IO WISeKey delivers the most reliable and secure NFT platform for businesses to bring trust to the hype around Non-Fungible Tokens (NFT), by providing a dedicated, secure marketplace for buying and selling NFTs, including artwork and luxury goods. The first major blockbuster auction on the new platform will occur in Summer 2021, with more information to come soon.

“By combining our Root of Trust with Blockchain, we have created an innovative Trust Protocol that enables a wide range of use cases and business models, simply not possible with current Blockchain-based solutions on their own,” said Carlos Moreira, Founder and CEO of WISeKey. “The first application of this collaboration will be the auctioning of digital twins of artwork and luxury collectibles, which we indisputably move into the virtual world, yet make their illegal use impossible.”

“This agreement provides WISeKey access to flexible financing, allowing us to accelerate the deployment of NFCtrusted.IO, our new NFT business segment, which will bring us a totally new incremental revenue source,” said Carlos Moreira, Founder and CEO of WISeKey.

“We are excited to invest in WISeKey, which we consider an emerging leader in the rapidly expanding market of Artificial Intelligence & Cybersecurity. We believe the NFT market requires the know-how and cybersecurity IoT technology of WISeKey. We are proud to partner up with WISeKey by financing this transaction,” added Pierre Vannineuse, CEO of Alpha Blue Ocean.

About Alpha Blue Ocean:
Created in 2017 by Pierre Vannineuse, Hugo Pingray and Amaury Mamou-Mani, Alpha Blue Ocean is a young and dynamic family office with the mission of revolutionizing the financial industry by offering innovative and tailored investments adapted to risk.

Alpha Blue Ocean operates through a direct, rational and efficient approach in providing alternative financing solutions through PIPE (Private Investments in Public Equities) deals. ABO has made notable investments in companies such as AB Science (AB:FP), Erytech (ERYP:US), Intrasense (ALINS:FP), and DBT Group (ALDBT:FP), among others.

About WISeKey:
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com		WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA, or within the meaning of any other securities regulation. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

WISeKey Announces Non-Fungible Tokens (NFT) for Digital Identity Verification of Valuable Objects and Proof of Ownership of Digital and Tangible Assets

WISeKey Announces Non-Fungible Tokens (NFT) for Digital Identity Verification of Valuable Objects and Proof of Ownership of Digital and Tangible Assets

 

The acceleration of NFT has been fueled by the need to curb fraud and forgery in artworks but is now quickly being adopted by other industries that can benefit from a non-cloneable digital certificate of authenticity

Geneva – March 18, 2021 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI, and IoT company, today announced the development of its Non-Fungible Tokens (NFT) application built on highly-scalable blockchain infrastructure backed by proprietary Digital Identification technology that secures, authenticates and proves ownership of digital and tangible assets.

WISeKey is adding the NFT capability to its WISeAuthentic Platform (https://www.wisekey.com/wiseauthentic-blockchain/), which uses a patented method for digital certification of authenticity of a physical object, and corresponding computer program and storage device, as well as using the method for digital certification of authenticity of a physical object of value. The method includes the steps of issuing a storage device, including a digital certificate of authenticity including encrypted information reflecting at least one characteristic unique to the physical object, checking, whenever required, the validity of the digital certificate of authenticity by use of a network computer, the network computer cooperating with the storage device and a validating or a certifying authority so as to output sensibly in real time the status of validity of the digital certificate of authenticity, and modifying , whenever required.

More information about the patent can be found at – http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=8&f=G&l=50&co1=AND&d=PTXT&s1=wisekey&OS=wisekey&RS=wisekey

With a rich portfolio of more than 46 patent families, covering over 100 fundamental individual patents, and another 22 patents under review, WISeKey continues to expand its digital tangible asset protection technology footprint in various domains, including the design of secure chips, near field communication (NFC), development of security firmware and backend software, secure management of data, improvement of security protocols between connected objects and advanced cryptography.

WISeKey’s patented technology that already secures millions of objects (luxury products, expensive wine, jewelry, collector’s items, high end watches, art, etc.), now includes NFT applications backed by Digital Identification technology that secures, authenticates and proves ownership of digital and tangible assets. The combination of Digital Identification with NFT will be a game changer in proving ownership of digital tangible assets. Major brands are already creating and trading NFTs: Nike has used them to create digital shoes linked to real-world shoes while Louis Vuitton uses NFTs to track the provenance of luxury goods. This trend is likely to continue in 2021 as fashion embraces the trend towards representing physical assets in a digital form. Imagine an asset, such as a luxury watch or famous artwork that need to be authenticated, the NFT digital asset can be used to prove the ownership of the virtual and tangible object containing digitally signed information that is easily verifiable, making it impossible to replicate. With this technology creators can turn their products into NFTs for copyright ideas. The use of NFTs to verify identity involves turning physical objects into non-fungible tokens to avoid counterfeits.

The NFT market is now growing exponentially with NFT trading expanding in all sectors fueled by the need to curb fraud and forgery in artwork but is now quickly being adopted by other industries that can benefit from a non-cloneable digital certificate of authenticity.

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties, and other factors, which could cause the actual results, financial condition, performance, or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

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