Curated News
By: NewsRamp Editorial Staff
August 01, 2024
MineHub and Abaxx Forge Strategic Partnership to Revolutionize Commodities Markets
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- MineHub Technologies Inc. is improving the efficiency and sustainability of the metals and mining industry through its digital supply chain platform, giving users complete control over their supply chains.
- The platform offers enterprise-grade digital solutions that connect buyers, sellers, laboratories, and financiers within physical commodities supply chains through a digitally integrated workflow powered by usable, shareable, verifiable, and unforgeable data.
- This collaboration will strengthen the physical commodities market's ability to meet evolving sustainability requirements, enable more efficient and secure hedging, and promote compliance within the dynamic global regulatory landscape.
- MineHub achieved record revenue of $776,000 in Fiscal Q1-2025, marking a 127% increase compared to Fiscal Q1-2024, and expanding its ecosystem to include over 165 companies connected to MineHub’s network.
Impact - Why it Matters
This news matters because it highlights the efforts of MineHub Technologies Inc. to address challenges in the mining industry and improve supply chain efficiency and sustainability. The partnership with Abaxx Technologies Inc. aims to drive digitization in the physical commodities markets, ultimately benefiting customers and shareholders. Additionally, the record revenue reported for Fiscal Q1-2025 signals the company's accelerating customer activity and expanding ecosystem, showcasing its growth and potential impact on the industry.
Summary
The mining industry is facing challenges impacting copper availability and costs, including labor strikes, transport constraints, and natural disasters. However, MineHub Technologies Inc. is addressing these issues by improving efficiency, resilience, and sustainability through its digital supply chain platform. The company recently announced a partnership with Abaxx Technologies Inc. to drive digitization in the physical commodities markets and reported record revenue for Fiscal Q1-2025.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, MineHub and Abaxx Forge Strategic Partnership to Revolutionize Commodities Markets
