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Four Seasons Education Reports First Half of Fiscal Year 2025 Unaudited Financial Results

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SHANGHAI, Dec. 20, 2024 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced its unaudited financial results for the first half of fiscal year 2025, ended August 31, 2024.

Financial and Operational Highlights for the First Half of Fiscal Year 2025

Revenue increased by 117.8% to RMB134.7 million (US$19.0 million), compared to RMB61.8 million in the same period of last year.Gross profit increased by 11.1% to RMB29.7 million (US$4.2 million) from RMB26.7 million in the same period of last year.Operating loss was RMB5.7 million (US$0.8 million), compared to an operating income of RMB0.9 million in the same period of last year.Adjusted operating loss(1) (non-GAAP) was RMB1.6 million (US$0.2 million), as compared to an adjusted operating income of RMB2.7 million in the same period of last year.Net income was RMB3.0 million (US$0.4 million), compared to RMB5.7 million in the same period of last year.Adjusted net income(2) (non-GAAP) was RMB2.1 million (US$0.3 million), as compared to RMB6.2 million in the same period of last year.Basic and diluted net income per American Depositary Share (“ADS”) attributable to ordinary shareholders were both RMB1.42 (US$0.20), as compared to both RMB2.70 in the same period of last year. Each ADS represents ten ordinary shares.Adjusted basic and diluted net income per ADS attributable to ordinary shareholders(3) (non-GAAP) were both RMB0.98 (US$0.14), compared to both RMB2.93 in the same period of last year.

(1) Adjusted operating income/loss is defined as operating income/loss excluding share-based compensation expenses.

(2) Adjusted net income/loss is defined as net income/loss excluding share-based compensation expenses and unrealized holding gain in investments.

(3) Adjusted basic/diluted net income/loss per ADS attributable to ordinary shareholders is defined as basic/diluted net income/loss per ADS attributable to ordinary shareholders excluding share-based compensation expenses per ADS attributable to ordinary shareholders and unrealized holding gain in investments per ADS attributable to ordinary shareholders.
For more information on these adjusted financial measures, please see the section captioned under “About Non-GAAP Financial Measures” and the tables captioned “Reconciliation of GAAP and non-GAAP Results” set forth at the end of this release.

Ms. Yi (Joanne) Zuo, Chief Executive Officer and Director of Four Seasons Education, said, “We achieved strong financial and operational results for the six months ended August 31, 2024, driven by robust growth across our core businesses and our continuous efforts to enhance overall efficiency. Our total revenue reached RMB135 million, surging by 118% year over year, while we maintained profitability with net income of RMB3 million

“We propelled progress in our non-academic tutoring business, increasing the segment’s revenue by 62% year over year as we delivered on our commitment to meeting diverse learning needs across various customer groups and communities. Leveraging our industry know-how and accumulated experience, we expanded and enriched our non-academic tutoring programs to offer learners of all ages high-quality, innovative learning experiences, enhancing their engagement and learning efficiency. Furthermore, our efforts to expand our overseas learning preparation and consulting offerings are bearing fruit, paving the way for quality, sustainable growth.

“Our domestic and outbound tourism business saw a 230% year-over-year revenue increase as we expanded our offerings to attract new customers across all age groups, and we launched our cruise service in 2024. Moreover, our education camps have been well received by the market. We are encouraged by these camps’ early success and expect them to create synergies with our non-academic tutoring programs going forward, and we’re confident of further growth as we continue to extend our reach to all demographics.

“Looking ahead, we will remain focused on enhancing operating efficiency and pursuing organic growth by providing customers with an ever-widening selection of premium, innovative services. We are particularly committed to directing our efforts towards products and projects that offer higher profit margins. Furthermore, we will continue to explore and invest in new opportunities that comply with relevant regulations in the education-related and tourism services sectors, such as overseas learning preparation services, to cultivate our long-term competitiveness amid evolving market dynamics and customer demands. As always, we are dedicated to strengthening our core capabilities and expanding our footprint to create sustainable value for all of our stakeholders,” Ms. Zuo concluded.

First Half Fiscal Year 2025 Financial Results

Revenue increased by 117.8% to RMB134.7 million (US$19.0 million) in the first half of fiscal year 2025, from RMB61.8 million in the same period of last year, mainly driven by the rapid growth in the Company’s tourism and non-academic tutoring businesses.

Cost of revenue was RMB105.0 million (US$14.8 million) in the first half of fiscal year 2025, compared with RMB35.1 million in the same period of last year, mainly due to the increases in costs related to the Company’s tourism business and in staff costs of the Company’s non-academic tutoring business.

Gross profit was RMB29.7 million (US$4.2 million) in the first half of fiscal year 2025, compared with RMB26.7 million in the same period of last year. 

General and administrative expenses increased by 15.4% to RMB27.2 million (US$3.8 million) in the first half of fiscal year 2025 from RMB23.5 million in the same period of last year, mainly attributable to the staff costs associated with the expansion of the Company’s tourism business and non-academic tutoring business, and the increase of share-based compensation expenses due to the new grant and reprice of share options.

Sales and marketing expenses was RMB8.1 million (US$1.1 million) in the first half of fiscal year 2025, compared to RMB2.2 million in the same period of last year, mainly due to the development of the Company’s tourism business and non-academic tutoring business.

Operating loss was RMB5.7 million (US$0.8 million) in the first half of fiscal year 2025, compared with an operating income of RMB0.9 million in the same period of last year. Adjusted operating loss(1) (non-GAAP), which is calculated as operating loss excluding share-based compensation expenses, was RMB1.6 million (US$0.2 million) in the first half of fiscal year 2025, compared with an adjusted operating income of RMB2.7 million in the same period of last year.

Interest income, net was RMB7.5 million (US$1.1 million) in the first half of fiscal year 2025, compared with RMB2.2 million in the same period of last year, mainly due to the interest income from financial instruments and restricted cash.

Income tax expenses was RMB3.5 million (US$0.5 million) in the first half of fiscal year 2025, compared with RMB0.2 million in the same period of last year.

Net income was RMB3.0 million (US$0.4 million) during the first half of fiscal year 2025, compared with RMB5.7 million in the same period of last year. Adjusted net income(2) (non-GAAP), which is calculated as net income excluding share-based compensation expenses and unrealized holding gain in investments, was RMB2.1 million (US$0.3 million), compared with RMB6.2 million in the same period of last year.

Basic and diluted net income per ADS attributable to ordinary shareholders in the first half of fiscal year 2025 were both RMB1.42 (US$0.20), compared with both RMB2.70 in the same period of last year. Adjusted basic and diluted net income per ADS attributable to ordinary shareholders(3) (non-GAAP) in the first half of fiscal year 2025 were both RMB0.98 (US$0.14), compared with both RMB2.93 in the same period of last year.

Cash and cash equivalents. As of August 31, 2024, the Company had cash and cash equivalents of RMB156.1 million (US$22.0 million), compared with RMB180.2 million as of February 29, 2024.

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of non-academic tutoring programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups. For more information, please visit https://ir.sijiedu.com

About Non-GAAP Financial Measures

In evaluating the Company’s business, the Company considers and uses certain non-GAAP measures, including primarily adjusted operating income/loss, adjusted net income/loss and adjusted basic and diluted net income/loss per ADS attributable to ordinary shareholders, as supplemental measures to review and assess the Company’s operating performance. Adjusted operating income/loss is defined as operating income/loss excluding share-based compensation expenses. Adjusted net income/loss is defined as net income/loss excluding share-based compensation expenses and unrealized holding gain in investments (net of tax effect). Adjusted basic/ diluted net income/loss per ADS attributable to ordinary shareholders is defined as basic/diluted net income/loss per ADS attributable to ordinary shareholders excluding share-based compensation expenses per ADS attributable to ordinary shareholders and unrealized holding gain in investments per ADS attributable to ordinary shareholders. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP.

The Company believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses, unrealized holding gain in investments and impairment loss on intangible assets and goodwill (where applicable) that may not be indicative of the Company’s operating performance from a cash perspective. The Company believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to the Company’s historical performance and liquidity. The Company also believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in the Company’s financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges and unrealized holding gain in investments (where applicable) that have been and will continue to be for the foreseeable future a significant recurring expense in the Company’s business. The Company compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0900 to US$1.00, the rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on August 30, 2024.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. Among other things, management’s quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract new students and retain existing students, its ability to deliver a satisfactory learning experience and improving their academic performance, PRC regulations and policies relating to the education industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86 (21) 6317-6177
E-mail: IR@fsesa.com 

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: fourseasons@tpg-ir.com 

In the United States:
The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: fourseasons@tpg-ir.com 

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data and per share data)

As of

February 29,

August 31,

August 31,

2024

2024

2024

RMB

RMB

USD

Current assets

Cash and cash equivalents

180,198

156,059

22,011

Accounts receivable, net

3,249

5,544

782

Other receivables, deposits and other assets, net

15,026

27,666

3,902

Amounts due from related parties

8,264

8,827

1,245

Short-term investments

18,929

25,945

3,659

Short-term investments under fair value

82,791

43,949

6,199

Long-term investments under fair value – current

14,122

7,176

1,012

Total current assets

322,579

275,166

38,810

Non-current assets

Restricted cash

122,048

122,199

17,235

Property and equipment, net

66,069

123,126

17,366

Operating lease right-of-use assets

27,235

37,110

5,234

Intangible assets, net

1,858

1,646

232

Goodwill

1,125

1,125

159

Long-term investments, net

36,000

36,000

5,078

Long-term investment under fair value – non-current

94,817

172,393

24,315

Other non-current assets

2,429

3,886

548

Total non-current assets

351,581

497,485

70,167

TOTAL ASSETS

674,160

772,651

108,977

Current liabilities

Accounts payable

2,878

405

Amounts due to related parties

3,384

6,463

912

Accrued expenses and other current liabilities

66,040

132,861

18,739

Operating lease liabilities – current

1,183

6,136

865

Income tax payable

18,189

19,121

2,697

Deferred revenue

18,023

25,694

3,624

Total current liabilities

106,819

193,153

27,242

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data and per share data)

As of

February 29,

August 31,

August 31,

2024

2024

2024

RMB

RMB

USD

Non-current liabilities

Long-term borrowings

40,000

68,004

9,592

Operating lease liabilities – non-current

1,197

6,907

974

Total non-current liabilities

41,197

74,911

10,566

TOTAL LIABILITIES

148,016

268,064

37,808

EQUITY

Total equity

526,144

504,587

71,169

TOTAL LIABILITIES AND EQUITY

674,160

772,651

108,977

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share data and per share data)

Six Months Ended August 31,

2023

2024

2024

RMB

RMB

USD

Revenue

 — Revenue from third parties

60,718

134,376

18,953

 — Revenue from related parties

1,113

303

43

Total revenue

61,831

134,679

18,996

Cost of revenue

 — Cost of revenue from third parties

(35,143)

(101,240)

(14,279)

 — Cost of revenue from related parties

(3,783)

(534)

Gross profit

26,688

29,656

4,183

General and administrative expenses

(23,549)

(27,187)

(3,835)

Sales and marketing expenses

(2,244)

(8,130)

(1,147)

Operating income (loss)

895

(5,661)

(799)

Subsidy income

49

596

84

Interest income, net

2,224

7,484

1,056

Unrealized holding gain in investments

1,304

5,017

708

Other income (expense), net

1,394

(978)

(138)

Income before income taxes

5,866

6,458

911

Income tax expense

(154)

(3,451)

(487)

Net income

5,712

3,007

424

Net income attributable to non-controlling interest

664

928

131

Net income attributable to Four Seasons Education (Cayman) Inc.

5,048

2,079

293

Net income per ordinary share:

Basic

0.24

0.10

0.01

Diluted

0.24

0.10

0.01

Weighted average shares used in calculating net income per ordinary share:

Basic

21,189,215

21,189,440

21,189,440

Diluted

21,189,215

21,234,983

21,234,983

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands, except share data and per share data)

Six Months Ended August 31,

2023

2024

2024

RMB

RMB

USD

Net income

5,712

3,007

424

Other comprehensive income, net of tax of nil

Foreign currency translation adjustments

1,641

508

72

Comprehensive income

7,353

3,515

496

Less: Comprehensive income attributable to non-controlling interest

664

928

131

Comprehensive income attributable to Four Seasons Education (Cayman) Inc.

6,689

2,587

365

 

 

FOUR SEASONS EDUCATION (CAYMAN) INC.

RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(in thousands, except share data and per share data)

Six Months Ended August 31,

2023

2024

2024

RMB

RMB

USD

Operating income (loss)

895

(5,661)

(799)

Add: share-based compensation expenses

1,800

4,086

576

Adjusted operating income (loss) (non-GAAP)

2,695

(1,575)

(223)

Net income

5,712

3,007

424

Add: share-based compensation expenses (net of tax effect of nil)

1,800

4,086

576

Add: unrealized holding gain in investments (net of tax effect of nil)

(1,304)

(5,017)

(708)

Adjusted net income (non-GAAP)

6,208

2,076

292

Basic net income per ADS attributable to ordinary shareholders

2.70

1.42

0.20

Add: share-based compensation expenses per ADS attributable to
  ordinary shareholders

0.85

1.93

0.27

Add: unrealized holding gain in investments per ADS attributable to
  ordinary shareholders

(0.62)

(2.37)

(0.33)

Adjusted basic net income per ADS attributable to
  ordinary shareholders (non-GAAP)

2.93

0.98

0.14

Diluted net income per ADS attributable to
  ordinary shareholders

2.70

1.42

0.20

Add: share-based compensation expenses per ADS attributable to
  ordinary shareholders

0.85

1.92

0.27

Add: unrealized holding gain in investments per ADS attributable to
  ordinary shareholders

(0.62)

(2.36)

(0.33)

Adjusted diluted net income per ADS attributable to
  ordinary shareholders (non-GAAP)

2.93

0.98

0.14

Weighted average ADSs used in calculating earnings per ADS

Basic

2,118,922

2,118,944

2,118,944

Diluted

2,118,922

2,123,498

2,123,498

 

 

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SOURCE Four Seasons Education Inc.

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Cambium Networks Introduces High Density Wi-Fi 7 Solution for the Enterprise

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New tri-band, software-definable Wi-Fi 7 solution delivers precision directive coverage with AI optimization for exhibition halls, auditoriums, warehouses, and other high-density environments.

HOFFMAN ESTATES, Ill., July 22, 2026 /PRNewswire/ — Cambium Networks, a leading global provider of networking solutions, today announced a new Wi-Fi 7 high-density access point – the X7-56X – engineered to deliver high-performance wireless connectivity in the most demanding environments. Designed to meet the needs of large public venues, exhibition halls, busy public spaces, and educational campuses, the solution combines focused RF coverage, AI-driven optimization, and cloud-managed simplicity in a high-capacity platform.

The X7-56X extends Cambium Networks’ Wi-Fi 7 portfolio with a software-definable tri-band architecture featuring 60° x 60° directive antennas designed for precision coverage and reduced co-channel interference in congested RF environments. The platform supports up to 1,280 clients per access point and up to 17.9 Gbps aggregate wireless capacity across the three Wi-Fi spectrum bands.

“The X7-56X performed very well in our ticket scanning points that have high ceilings and see significant foot traffic volume,” said Jonathan West from the National Ice Centre in Nottingham, UK. “What makes this AP practical for a venue like ours is the integrated 60×60 degree antennas that eliminate separate antennas and cabling and can add significant cost, complexity, and footprint to every mount. Engineering all of that into one unit expedites installation and improves aesthetics as well. This form factor will extend to applications in our seating bowl as well.” 

“What excites me about the X7-56X is how well its directional approach works for some of our toughest spaces, such as auditoriums at capacity or the basketball arena on game night,” said Jeremy Petticrew, Network Engineer at University of Mary Hardin-Baylor. “Precisely controlling Wi-Fi coverage has always been the hard part, and having an AP designed specifically for that, inside a platform we already trust, is a real advantage as device counts keep climbing.”

The X7-56X integrates with Cambium’s ONE Network architecture comprised of Wi-Fi, switching, security, SD-WAN, wireless backhaul, and fiber – all managed through the cloud via cnMaestro™ X. This unified approach provides centralized visibility and control across the entire network infrastructure from a single source of truth.

The new solution provides a compelling Total Cost of Ownership (TCO) proposition by reducing the amount of equipment required in typical installations. These advantages are enabled by:

Directive antennas that focus Wi-Fi coverage only where needed – a spotlight approach vs. the floodlight type of inefficiencies of omni-directional antennas

Integrated Wi-Fi controller in every AP, eliminating the need for separate appliance or VM-based controller solutions

Software-defined radios that enable flexible deployment of the 5GHz and 6GHz Wi-Fi bands matched to environment needs, reducing the number of APs required

Key capabilities of the X7-56X include:

Tri-radio, tri-band Wi-Fi 7 architecture

4×4 MU-MIMO support with ten total spatial streams

60° x 60° directive antenna for precision coverage

Air Cleaner technology for high-density RF optimization

AI-based Assurance for improved operational efficiency and problem resolution

Software-definable radios supporting flexible 5 GHz and 6 GHz migration

Built-in IoT radio supporting BLE 5.1, Zigbee, Matter, and Thread

Simplified installation with the MarketApps Installer mobile-based app and flexible mounting options

Cloud-based management through cnMaestro™

“High-performance Wi-Fi requires more than just raw throughput,” said Bruce Miller, VP Enterprise Product Management at Cambium Networks. “Intelligent RF management, flexible deployment options, and simplified operations are key to support growing device counts, IoT proliferation, and AI-powered applications. The X7-56X was purpose-built for these challenges while at the same time delivering compelling economics for enterprise IT and managed service providers.”

“The X7-56X brings together several technologies that are particularly valuable in high-density environments,” said Kevin Tolly, Founder of The Tolly Group. “The directive antenna design, Wi-Fi 7 architecture, integrated IoT capabilities, and cloud-managed operation provide organizations with a practical approach to supporting growing connectivity requirements while maintaining operational simplicity.”

View the Tolly Group preview video of the X7-56X, showcasing the access point’s ultra-high-density design, Wi-Fi 7 capabilities, deployment flexibility, and performance advantages for demanding enterprise environments.

Cambium Networks’ directional Wi-Fi 7 innovation was recently highlighted by Wi-Fi NOW in an Expert Insights article by CEO and Chairman Claus Hetting.

Watch our webinar replay, “High-Performance Wi-Fi with New Wi-Fi 7 and 6 GHz Solutions.”

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Media Contact

pr@cambiumnetworks.com

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SOURCE Cambium Networks

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OCEAN Launches Portal, the First End-to-End Encrypted Pool Dashboard for Bitcoin Miners

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New customizable dashboard gives miners operation-wide tools without surrendering privacy or identity

MIAMI, July 22, 2026 /PRNewswire/ — Today OCEAN announced the launch of OCEAN Portal, a customizable, end-to-end encrypted dashboard that gives Bitcoin miners a complete view of their operation. PORTAL was unveiled on stage at Mining Disrupt 2026, the world’s largest Bitcoin mining expo and conference, held July 21-23 at the Miami Airport Convention Center, by OCEAN President Mark Artymko. PORTAL is available now, for free, to all miners on OCEAN at portal.ocean.xyz.

OCEAN was built permissionless from the ground up, a deliberate design choice that, like Bitcoin itself, gives miners unhindered access to their own information. Traditional pools organize miner data by storing it on their own servers. OCEAN Portal delivers that same organized, polished experience while keeping miners fully in control: a permissionless, encrypted view of your mining addresses with the look and feel of an enterprise-style dashboard. Miners can combine multiple Bitcoin addresses into a single view, organize addresses by site, and assign human-readable names to sites, workers, and teams. Portal includes site-specific statistics, worker insights, payout information in Bitcoin and fiat, robust reporting tools, and access controls that let operators share full dashboards with their teams or generate expiring read-only links for clients. No account or email is required. Miners sign in with a Bitcoin address and a password they create. The convenience of enterprise dashboards, with the security of OCEAN.

“PORTAL was built in direct response to miner feedback,” said Mark Artymko, President of OCEAN. “Some of our miners told us that a customizable dashboard was the only thing standing between their full stack of hashrate and the pool. OCEAN heard them, and built it.”

PORTAL is powered by Sub-space Locker, an application-independent encrypted storage and access-control system developed by OCEAN. Built on public-key cryptography, Sub-space Locker authenticates users, stores encrypted application data, and controls what each user can access. Encryption and decryption happen locally in the user’s browser, leaving OCEAN and other intermediaries unable to read the underlying data.

“Every mining pool dashboard on earth makes the same trade: your tooling for your identity,” said Jason Hughes, VP of Engineering at OCEAN. “PORTAL refuses that trade. Miners get pool-grade information in the most sovereign way possible. We couldn’t read their data even if we tried.”

Since launching in 2023, OCEAN has focused on returning sovereignty to Bitcoin miners through permissionless, non-custodial pooled mining, fully transparent and auditable TIDES payouts, and DATUM, which puts block template construction back in miners’ hands. PORTAL extends that mission from the pool to the mining operation itself.

OCEAN Portal is available now at portal.ocean.xyz.

About OCEAN

OCEAN is a Bitcoin mining pool built on miner sovereignty. Operated by Mummolin, Inc., OCEAN offers non-custodial payouts, transparent reward accounting, and DATUM, the only pool technology that lets individual miners construct their own block templates.

Media Contact Ian Northon media@ocean.xyz

 

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SOURCE Mummolin Inc

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PlayVS and Scouting America Announce Gaming Activation at the 2026 National Jamboree

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New immersive gaming hub will bring structured esports competition, casual play, and digital citizenship programming to Scouts at Summit Bechtel Reserve

LOS ANGELES, July 22, 2026 /PRNewswire/ — PlayVS, North America’s leading scholastic gaming platform, today announced a partnership with Scouting America to bring a state-of-the-art gaming activation to the 2026 National Jamboree, taking place July 22–31, 2026. One of Scouting America’s premier youth gatherings, the National Jamboree at Summit Bechtel Reserve in West Virginia, brings Scouts together from across the country for adventure, fellowship, skill-building, and shared experiences.

Running throughout the National Jamboree, the PlayVS Arena will offer a rotating schedule of competitive tournaments, leaderboard challenges, casual gaming, and hands-on technology experiences. Designed for Scouts of all experience levels, the activation promotes teamwork, digital citizenship, sportsmanship, and healthy competition while creating a welcoming space for Scouts to connect over a shared passion for gaming. The arena gives Scouts the opportunity to connect with friends, test their skills, and experience organized esports in an environment designed for participation, sportsmanship, and fun.

“At PlayVS, we believe gaming can be a powerful way for young people to build confidence, practice teamwork, and develop meaningful connections,” said Andrew Barnett, Partnership Lead. “Partnering with Scouting America allows us to bring that experience to one of the country’s most iconic youth gatherings and show how structured gaming can complement the values of leadership, fellowship, and skill-building that Scouting has championed for generations.”

The gaming activation will feature a high-tech mobile gaming trailer outfitted with gaming stations, virtual reality experiences, and a professional racing simulator. A dedicated event tent located alongside the trailer will expand the experience with additional console stations for free play, spectating, and community engagement throughout the Jamboree.

PlayVS aims to deliver a memorable gaming experience that brings together the excitement of play with the values of leadership, teamwork, and community.

About PlayVS

PlayVS is North America’s leading scholastic and collegiate gaming platform, helping students unlock the educational, social, and personal benefits of competitive gaming. The company brings together students, coaches, educators, and schools through structured, education-aligned competition across K–12 and college. PlayVS is the official esports partner of the NFHS Network, the Special Olympics, and state and regional organizations across the U.S. and Canada. To learn more, visit playvs.com.

Media Contact:
press@playvs.com

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SOURCE PlayVS

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