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TNF new strategic partner LightSolver named a 2025 World Economic Forum Technology Pioneer and recognized in Gartner's 2025 Hype Cycle for Data Center Infrastructure Technologies
PharmaCyte Biotech, Inc. (NASDAQ:PMCB) ("PharmaCyte" or the "Company"), today announced that it has increased its stake in TNF Pharmaceuticals (NASDAQ:TNFA, "TNF"))) by an additional $3 million. The Company does so to help support TNF's recent acquisition of a license with LightSolver, Ltd. ("LightSolver"), a company recognized by Gartner and the World Economic Forum for its breakthrough innovations. The license is for its revolutionary processing accelerator designed to expedite compute-sensitive computations by harnessing light for computation. This method is designed to reduce energy output by 90% while outpacing conventional graphics processing units, quantum computing and high-performance computing with greater speed and more efficiency. TNF is expected to change its name and ticker symbol to support the new strategy, which it expects to be applied to cryptocurrency mining and blockchain.
PharmaCyte Biotech remains well-capitalized with significant cash resources, with total assets of over $55 million, as of April 30, 2025. The Company continues to evaluate additional opportunities to expand and diversify its investment portfolio.
