Signature Bank was closed on March 12 by the New York Department of Financial Services. The company added that this provides “financial optionality that extends beyond the traditional banking system.” Marathon Digital added that it held 11,000 Bitcoin as of March 13. The BTC said $142 million in cash deposits at the bank and has access to the funds for treasury purposes.īesides that, Marathon said it had no business relationship with the other embattled crypto-friendly bank, Silicon Valley Bank. With applications worldwide, Hexagon Digital Wave serves government entities, academic institutes, and private clients in the compressed gas and pressure vessel industries.Signature BANK closure highlights benefits of holding Bitcoin, says Marathon Digitalīitcoin ( BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available FOR use despite the closure of the bank.
Hexagon Digital Wave, a subsidiary of Hexagon Composites ASA, is a manufacturer of Ultrasonic Examination (UE) cylinder testing equipment, Modal Acoustic Emission (MAE) testing equipment and a provider of associated inspection services. The UE machine will be delivered in the second quarter of 2021.
UE has been the market leader in periodic testing for high-pressure seamless metallic cylinders for 15 years and allows customers to test their cylinders without venting the gaseous contents. UE uses advanced electronics and sensors that assess the structural integrity of high-pressure metallic cylinders for overall safety.
“The non-destructive testing attributes play a vital role in the design to ensure operational flight safety,” he added. “We feel privileged to deliver our first aerospace UE installation and have our equipment chosen for such a technically advanced industry,” said UE International Sales Manager Keith Fountain. The UE equipment will enable the testing of the interior metallic liners for structural integrity and manufacturing flaws prior to completing the composite overwrap. Hexagon Digital Wave, a business of Hexagon Composites, has signed a contract with a US-based Type 3 composite cylinder manufacturer to supply Ultrasonic Examination (UE) equipment for its cylinders intended for the aerospace industry.
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