Eric Trump discussed his hopes for digital assets and his new company, American Bitcoin, a bitcoin mining firm founded in partnership with Hut 8.

TORONTO, May 15, 2025 /PRNewswire/ — Eric Trump proved to be the main attraction on day two of Consensus 2025 as he took center stage with American Bitcoin co-founder Asher Genoot. Together, the pair outlined the future vision for the newly founded bitcoin mining company in a discussion which also saw the president’s son reiterate his belief in bitcoin, stating “I really believe in digital gold, which is bitcoin, right? I believe in the store of value.”

Consensus 2025, which runs at the Metro Toronto Convention Centre until May 16, has attracted a host of big names, including Kevin O’Leary, chairman of O’Leary Ventures and host of Shark Tank; Dave Portnoy, founder of Barstool Sports; Robert Hines, executive director of the President’s Council of Advisors for Digital Assets; Adrienne A. Harris, Superintendent of the NY Department of Financial Services; and more.

Consensus, which brings together industry leaders, policymakers and innovators, provides unique insights into the future of digital assets with discussions on key topics such as DeFi, RWAs, decentralized AI and the evolving regulatory landscape. It’s the first time the conference is taking place in Toronto, with newly announced plans to bring the event to Hong Kong and Miami in 2026.

During an onstage discussion, Eric Trump spoke candidly about American Bitcoin alongside Hut 8’s Asher Genoot. “If I can mine an asset for literally a third the cost that is trading right now, and we can do that in America using the lowest cost energy anywhere in the world, and you’re doing that with an asset that appreciates 60% year over year has been one of the greatest stores of value probably in the history of humanity. That’s an awesome combination,” Trump said.

Trump also addressed what fueled his passion in cryptocurrency, adding it was sparked by politics. “It wasn’t until the very same group that was attacking my family for no reason whatsoever other than political beliefs, started attacking the crypto community that it really drove two people who might not have always been like-minded together and that partnership has been absolutely amazing.”

Drawing the biggest audience Consensus has seen so far this year, Trump also spoke about what people can expect from American Bitcoin: “I think we’re gonna accumulate a tremendous amount of bitcoin. But I also want to be the person who’s mining it, by far the cheapest. And I think we can win that race.”

Trump is set to revisit Consensus Toronto to talk about stablecoins at 1:30 p.m. EDT tomorrow, May 16.

For the full agenda and virtual access, please see HERE.

Media Contact:

Conor McGorry,
Senior Account Executive,
ClearStory International
M: +353 83 805 5747
E: conor@clearstoryinternational.com

About Consensus
Consensus by CoinDesk is the world’s longest-running and most influential gathering for the crypto, blockchain and AI industries. Bringing together industry leaders, policymakers and innovators, it helps people understand the future of digital assets with discussions on key topics such as DeFi, Web3, AI, the evolving regulatory landscape and more.

With a mix of panels, keynotes and networking opportunities, Consensus 2025 provides a platform to explore the latest trends shaping the digital economy. Whether you’re an industry veteran or just entering the space, this event offers valuable insights and connections in a rapidly evolving field. For further information, please see here.

About CoinDesk
CoinDesk is the most trusted media, events, indices and data company for the global crypto economy. Since 2013, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension and context.

CoinDesk gathers the global crypto, blockchain and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival. CoinDesk Indices offers expertise in digital asset indices, data and research to educate and empower investors. In November 2023, CoinDesk was acquired by Bullish Group. CoinDesk operates as an independent subsidiary and abides by a strict set of editorial policies. For more information on CoinDesk media and events, please visit CoinDesk.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/eric-trump-announces-ambitious-plans-for-american-bitcoin-at-consensus-2025-302457306.html

SOURCE CoinDesk Inc

Tribute Technology appoints Craig Greenseid as CEO to drive innovation, strengthen leadership, and enhance customer experience in funeral tech.

WAUNAKEE, Wis., May 15, 2025 /PRNewswire-PRWeb/ — Tribute Technology, the leading provider of software and marketing solutions for funeral homes, cemeteries, and cremation businesses across North America, has announced the appointment of Craig Greenseid as Chief Executive Officer. This strategic move further strengthens the company’s leadership bench as it enters its next phase of growth, platform innovation, and customer experience enhancement.

Greenseid is a seasoned executive with more than two decades of experience driving transformation and customer-centric strategies across the technology landscape. Most recently, he served as a Managing Director and Operating Executive within The Carlyle Group’s private equity portfolio where he focused tech companies on how they scale and operate effectively — experience that aligns with meeting the needs of Tribute Technology’s clients and the families they serve. Greenseid has been a Tribute Technology board member for more than two years, deeply involved in shaping the company’s strategic priorities and roadmap investments. His expanded role ensures continuity in execution and clear alignment for the company’s vision for the future.

“It is an honor to join Tribute Technology as its CEO,” said Greenseid. “I am excited to lead this innovative company and continue working alongside the talented team to further its mission of delivering unparalleled solutions to the funeral and life celebration profession. Together, we will build on Tribute Technology’s strong foundation, serving our funeral home customers and the families they support in their communities.”

Prior to joining Tribute Technology, Greenseid held senior leadership roles at companies such as Blackboard and PowerSchool — where he served as Chief Revenue Officer and led a go-to-market organization that significantly expanded the company’s reach in the K-12 education technology space, an area he remains passionate about as the husband to a veteran teacher with 23 years of experience.

His appointment formalizes his transition from board advisor to operational leader, joining Courtney Gould Miller, President of Commercial Markets, and Matt Powell, Chief Technology Officer, who have been with Tribute Technology for a combined six years. Together they will drive Tribute Technology’s long-term strategic success.

“Craig has been an excellent partner to the Tribute Technology team while advising for Carlyle,” said Gould Miller. “His leadership, insight, and strategic perspective have been invaluable as a board member for the past two years. Having him step into the CEO role to lead the team through the next phase of innovation is ideal for our thousands of customers and our 450 employees.”

Over the past year, Tribute Technology has broadened its leadership team by appointing a new Chief Financial Officer, Anthony Cali, and Chief Operating Officer, Joshua Gibbs, which has reinforced the company’s commitment to stability and future innovation. The entire leadership team, combined with Greenseid’s operating expertise and passion for customer-centric products and service, positions Tribute to best provide value to the clients we serve with increased purpose and confidence.

As part of its ongoing investment in innovation, Tribute Technology also announced the launch of a completely reimagined obituary experience, now available across all Tribute Technology platforms. This enhanced offering is a testament to the company’s dedication to technology that centers the needs of grieving families while equipping funeral professionals with modern, meaningful tools.

With a strong financial foundation, Tribute Technology is committed to reinvesting in its platform, its people, and its partnerships—with a clear focus on helping funeral professionals thrive in a digital-first world.

About Tribute Technology

Tribute Technology is the leading provider of software and marketing solutions for funeral homes, cemeteries, and cremation businesses across North America. Trusted by thousands of firms, Tribute Technology’s suite of tools supports funeral professionals in serving families with compassion, efficiency, and modern digital experiences.

Media Contact

Heather Mierzejewski, Tribute Technology, 1 844-200-6020, press@tributetech.com, https://www.tributetech.com/

Heather Mierzejewski, Tribute Technology, heather.mierzejewski@tributetech.com, https://www.tributetech.com/

View original content to download multimedia:https://www.prweb.com/releases/tribute-technology-expands-executive-team-to-accelerate-innovation-and-growth-302457167.html

SOURCE Tribute Technology

CALGARY, AB, May 15, 2025 /CNW/ – Exro Technologies Inc. (TSX: EXRO) (“Exro” or the “Company”), a leading technology company specializing in power control solutions for electric vehicles and energy storage, today announced its financial results for the first quarter ended March 31, 2025.

Q1 2025 Highlights

Revenue of $4.4 million from delivery of 23 electric propulsion units and aftersales services.Continued integration of Coil Driver™ technology with a third commercial EV platform.Strategic engagements advanced with Stellantis and two additional global automotive OEMs.Workforce reduced by 19% and cost optimization initiatives began to deliver gross margin improvements.

“During the first quarter, Exro made meaningful progress executing against its commercialization roadmap,” said Exro CEO Sue Ozdemir. “We continued propulsion system deliveries to our commercial vehicle OEM customers, advanced new OEM programs, and began realizing the benefits of targeted cost reductions and margin improvements. With the electrification market continuing to evolve, we remain focused on disciplined execution, strategic capital deployment, and delivering long-term value.”

Financial Results

Revenue for Q1 2025 totaled $4.44 million, compared to $87,828 in Q1 2024. This increase reflects the Company’s transition from technology validation to commercial deliveries.

Gross profit, excluding amortization, was negative $2.3 million, an improvement from prior quarters, driven by early cost reductions, inventory efficiencies, and product mix optimization. Gross margin per unit improved significantly compared to Q4 2024, continuing the trend toward profitability.

Net loss from continuing operations was $23.5 million (or $0.04 per share), compared to a loss of $12.9 million (or $0.08 per share) in Q1 2024. The increase in loss is primarily attributable to non-cash charges, including $7.4 million in depreciation and amortization and $3.8 million in interest expense related to senior secured debt and convertible notes.

As of March 31, 2025, the Company held $0.76 million in cash and reported a working capital deficit of $7.0 million. Operating cash flow was negative $11.5 million, reflecting the scaling of commercial operations.

Strategic and Operational Update

Exro is delivering propulsion units to two of the top five commercial vehicle OEMs in North America and remains in advanced discussions with two others.The Company is pursuing an additional OEM contract for 2026 production.An additional 20% reduction in bill-of-materials costs is targeted by year-end.Additional Cell Driver™ pilot deployments are scheduled across North America.Following quarter-end, Exro is continuing to explore viable funding opportunities to support its business plan. The Company received US $4.0 million ($5,615,510) in additional funding from its existing senior secured creditor.

Strategic Wind-Down of APAC Subsidiary

As part of its focus on core markets and capital efficiency, Exro has initiated an orderly wind-down of its Australia-based subsidiary. Legal counsel has been retained, and the Company is working to resolve all lease, employment, and regulatory matters. This strategic decision supports the Company’s ongoing focus on cost reductions and reallocation of resources to high-impact markets with stronger commercial traction and more efficient capital deployment.

Outlook

While macroeconomic conditions continue to affect the broader automotive sector, Exro remains confident in the long-term demand for cost-efficient electrification solutions.

ABOUT EXRO TECHNOLOGIES INC.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading technology company that has developed new-generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. 

For more information visit our website at www.exro.com.

To view our Corporate Presentation visit us at www.exro.com/investors

Visit us on social media @exrotech.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified using terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company’s annual information form for the financial year ended December 31, 2024, and financial statements and related MD&A for the financial year ended December 31, 2024, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties, and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated, or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/exro-technologies-reports-first-quarter-2025-results-302457321.html

SOURCE Exro Technologies Inc.