Latest news with #Theta
Yahoo
01-05-2025
- Business
- Yahoo
Theta Gold begins pre-construction activities at TGME gold plant in South Africa
Theta Gold Mines has announced the commencement of pre-construction activities at its TGME gold processing plant in South Africa. The plant will process a combination of underground ore, surface tailings and rock dumps from the TGME Gold Project to produce Doré bars for refining. The company has started decommissioning the old gold plant and finalising design and engineering packages in preparation for the construction phase. RM Processing has been appointed to oversee the final plant design and cost estimates. The tender process for construction is in its final stages, and the civil design works and site layout have been fully permitted. The company has outlined a forecast schedule targeting the second quarter of 2025 for the execution of engineering, procurement, construction and management (EPCM) contracts and the commencement of bulk earthworks. Predevelopment work included the procurement of electrical and wastewater management systems, engagement of mobile cranes and heavy equipment, and the purchase of machinery to dismantle old structures. Additionally, the site has been prepared with perimeter fencing, rerouted water supply and temporary reservoir installations. Theta Gold Mines has also identified a near-term opportunity to process approximately 174,000oz of gold, including 140,600oz of indicated resources, from tailings dams and surface rock dumps located around the processing plant. Theta Gold Mines chairman Bill Guy said: 'We are pleased to report that Theta is nearing build-ready with a fully designed, engineered and permitted gold processing facility. 'The transition from planning to action has begun with the decommissioning of the old plant and site preparation well under way. This is a major step forward in transforming Theta into a near-term gold producer.' In February 2024, Theta Gold Mines signed a memorandum of understanding with Yellow River, a unit of Power Construction Corporation of China, to construct the first phase of its TGME project. "Theta Gold begins pre-construction activities at TGME gold plant in South Africa" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Korea Herald
23-04-2025
- Business
- Korea Herald
Top Traders Engage in Taoshi's Decentralized Trading Competition To Crowdsource Performant Investing Strategies And Earn a Share of $30M+ Rewards Pool
Leveraging Cutting Edge Blockchain and AI Technology, Top Finance-Experts Compete for Opportunity to Earn Money While Making Sophisticated Investing Opportunities Available To Everyone SAN FRANCISCO, April 23, 2025 /PRNewswire/ -- Taoshi, a leader in decentralized finance housed on the Bittensor Network, is offering top financial traders the opportunity to participate in an ongoing trading competition to develop high-performing, risk-adjusted investing strategies and join Taoshi's elite team of traders. Once traders pass the challenge period, they can compete against others for a share in a $30M+* annualized rewards pool, the largest for trading signals in the world. Taoshi seeks to attract the brightest minds in finance to solve real investing challenges by incentivizing and rewarding effective trading strategies. Taoshi is helping create blockchain's killer app: compensated, crowdsourced innovation. It is a decentralized financial technology company built on Bittensor, a permissionless decentralized economy that combines artificial intelligence (AI) and blockchain technology to create an open, peer-to-peer network for building and sharing commodities. Taoshi's Proprietary Trading Network (PTN) Bittensor Subnet 8 aggregates top-tier investing strategies from traders who successfully complete its 60-day challenge period. Taoshi's internal quant team analyzes these strategies to create a "super strategy" that adapts in real-time to market conditions. Traders who pass the 60-day challenge period immediately become eligible to earn a share of the $30m+ in annualized rewards. Additionally, individual traders or teams can optionally apply for a contract program with Taoshi, where those who pass the challenge are awarded the equivalent of $100,000 in Taoshi's Theta token, in addition to their eligibility to compete for the $30m+ in annualized rewards. In order to pass the 60-day challenge period on PTN, traders must be in the top 75th percentile of traders on the network, have at least 60 days of trading on the network and not drawdown more than 10%. Those who reach this goal then must maintain their status in the network, and then are continually rewarded in real-time every time a new block is generated, roughly every hour, incentivizing them to further improve their trading strategies. In a period of market volatility, investors benefit from collective intelligence that no single firm could match. "Hedge fund market opportunities and other advanced wealth management strategies have historically only been available to those who are already wealthy. That doesn't seem right. Our subnet pits top finance-experts in an open and transparent competition to generate high-performing, risk-adjusted trading strategies across forex, crypto and other assets," said Arrash Yasavolian, founder and CEO of Taoshi. " These expert traders are being compensated for their ability to help us build the next generation of trading strategies, leveraging AI and blockchain to crowdsource sophisticated financial intelligence, offering everyone access to investing strategies previously only available to the wealthy." Taoshi's "super strategy" will power its soon to be available wealth-building platform. With transparency, accessibility, and performance at its core, Taoshi is democratizing access to sophisticated trading tools that were once reserved for elite hedge funds and institutional investors. "This is no ordinary trading competition," added Yasavolian. "Other trading shops create competitions that are nearly impossible to beat. Taoshi's competition is designed to reward top traders, drive innovation and bring advanced trading strategies to retail and institutional investors." Traders interested in applying to the $100k Challenge or trading on PTN can find more information on Taoshi's website at About Taoshi: Founded in 2023, Taoshi, Inc. is a leading decentralized AI-based trading firm that democratizes access to advanced trading strategies and wealth-building tools through its decentralized infrastructure, blockchain transparency, and AI-driven ecosystem, which will empower individuals and institutions to invest with clarity and confidence. Taoshi's network aggregates highly performant investing strategies from finance-expert miners, creating a "super strategy" that adapts in real-time to market conditions. Taoshi's leadership team includes machine learning influencers, data scientists, and experts in developing advanced trading strategies. Together they bring years of experience to build the world's first intelligent, decentralized trading platform, benefiting retail and institutional investors. More information on Taoshi's website at
