LQWD (TSX.V: LQWD) (OTCQB: LQWDF) announced it has filed its financial results for the six-months ending Aug. 31, 2023. Among the highlights, the company reported implementation of AI technology integrated into LQWD’s Lightning Network nodes, which resulted in a 4,500% increase in channels for the LQWD-Canada node. According to the announcement, the node now ranks among the top five on the entire Lightning Network, recently surpassing the Kraken exchange node. In addition, during the reporting period, LQWD appointed accomplished public company executive Alex P. Guidi to its board of directors and closed two non-brokered private placements totaling $1,182,000. The company is well positioned to capitalize on its Lightning Network business, with no debt, approximately $1.1 million in working capital, and ~114 Bitcoin that is beginning to earn fees in the form of satoshis on the network.
To view the full press release, visit https://ibn.fm/UGUnZ
LQWD Technologies Corp.
LQWD is a Lightning Network Liquidity Provider focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. LQWD also owns Bitcoin that is used as an operating asset, establishing nodes and payment channels on the Lightning Network.
NOTE TO INVESTORS: The latest news and updates relating to LQWD are available in the company’s newsroom at https://ibn.fm/LQWDF
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