InFocus and Mythos Group Join Forces for Digital Ventures in Blockchain and AI Investment

InFocus Partners with Mythos Group for Digital Ventures

In a significant move to strengthen its position in the digital asset market, InFocus Group Holdings Limited (ASX: IFG) officially launched InFocus Digital Ventures, a dedicated unit aimed at capitalizing on blockchain technology, artificial intelligence (AI), and Bitcoin investments. This initiative comes with a robust backing of 10 million Australian dollars from Mythos Group, a burgeoning digital assets firm prominent in the Asia-Pacific region.

Ken Tovich, the CEO of InFocus, highlighted the vision behind launching InFocus Digital Ventures, stating, "This new venture is where our existing platform of products and services intersects with the future of digital assets." The collaboration with Mythos is more than just financial support; it marks a strategic partnership poised to drive innovation and revenue growth in the rapidly evolving tech landscape.

As part of the first phase of investment, InFocus is set to receive an initial tranche of 2.5 million Australian dollars. This capital will be directed towards the Monochrome Bitcoin ETF (CBOE IBTC), allowing InFocus to gain indirect institutional-level exposure to Bitcoin while maintaining flexibility in realizing investments in cash or Bitcoin for future strategic opportunities.

The overall issuance of convertible bonds totaling 10 million Australian dollars is pending approval from shareholders and regulatory authorities. In line with the investment structure, Mythos Group and other stakeholders will be subjected to long-term lock-up constraints on all issued shares, extending up to 360 days, designed to foster a solid long-term alignment between partners.

InFocus Digital Ventures aspires to serve as a launchpad for innovative projects, merging InFocus's renowned capabilities in AI, cybersecurity, and software development with cutting-edge blockchain solutions. The target is to establish itself as a leading provider of blockchain-based services, effectively leveraging their analytical expertise to enhance digital security networks.

About InFocus Group Holdings Limited

InFocus Group Holdings specializes in software solutions and data intelligence, demonstrating proven capabilities in data analytics and software platform development. Their expertise spans enterprise-scale data analysis, business intelligence, software engineering, cybersecurity, artificial intelligence, and machine learning. InFocus is committed to empowering teams to capitalize on data to drive business innovations.

About Mythos Group

Mythos Group is a multi-strategy digital assets holding company with a solid market presence across the Asia-Pacific region. The company invests in the full digital assets ecosystem, supporting early-stage cryptocurrency startups and engaging directly in corporate treasury strategies facilitated by Bitcoin. They aim to accelerate blockchain adoption by effectively channeling marginal capital flows from traditional markets into the digital assets space.

This strategic partnership with Mythos not only enhances InFocus's investment capacity but also underlines a commitment to leading innovations in technology, setting the stage for future advancements in blockchain, AI, and beyond. With a clear focus on the future of digital resources, both companies are well-poised to make significant impacts in the tech landscape.