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Hydaway Digital Corp. ( (TSE:HIDE) ) has issued an update.
Hydaway Digital Corp. has entered into a definitive share purchase agreement to acquire all of the issued and outstanding shares of RealityChek, a cybersecurity firm developing an AI-driven detection and verification platform for synthetic content and a gamified content-labelling system. The all-share deal, valued at approximately $840,000 with additional milestone-based share issuances tied to data labelling and user growth targets, is intended to bolster Hydaway’s GPU rental marketplace by importing RealityChek’s gamified user acquisition strategy, adding software development and marketing talent, and potentially enhancing Hydaway’s competitive position in AI infrastructure and content verification markets, subject to TSX Venture Exchange approval.
More about Hydaway Digital Corp.
Hydaway Digital Corp., based in North Vancouver, British Columbia, is a computer rendering and GPU rental service provider focused on expanding access to scalable compute power and building infrastructure to support AI training, inference and other high-performance workloads.
Average Trading Volume: 30,473
Technical Sentiment Signal: Buy
Current Market Cap: C$6.35M
For detailed information about HIDE stock, go to TipRanks’ Stock Analysis page.