American Bitcoin Corp. posted a $57.2 million net loss in Q2, driven mainly by a $71.2 million digital asset loss, despite mining a record 932 BTC and increasing its Bitcoin holdings by 14% to 8,002 BTC. Revenue rose 8% to $67 million, while mining costs stayed stable near $36,500 per coin, maintaining a roughly 49% gross margin. The company’s adjusted EBITDA loss narrowed to $45 million from $91.3 million in Q1, reflecting operational improvements. Investors will watch if higher production can push the company toward profitability without selling its Bitcoin reserves, amid ongoing liabilities from pledged coins under Bitmain agreements.
Hennessey Special Vehicles has revealed the Blackbird, a new naturally aspirated, manual-transmission hypercar inspired by the Lockheed SR-71 Blackbird aircraft. The car features an all-new 6.2-liter V8 engine producing 800-850 hp, a six-speed gated ...
Greg Abel, Warren Buffett's successor as CEO of Berkshire Hathaway, began his leadership by significantly reducing the company's investment in Chevron. At the same time, he introduced a virtual monopoly company into Berkshire's top five holdings, sig...
Galaxy Digital has committed $5 million to improve Bitcoin's resistance to potential quantum computing attacks. This move addresses concerns that future quantum computers could break Bitcoin's cryptographic security, posing a risk to its integrity. T...
On July 31, 2026, Shell plc repurchased a total of 1,530,000 shares for cancellation across different trading venues, including the London Stock Exchange and Euronext Amsterdam. This buyback is part of Shell's existing share repurchase program announ...
Curium has agreed to acquire Lantheus for up to $8 billion in cash, offering Lantheus shareholders $102.50 per share at closing plus up to $12 per share in contingent value rights based on future performance. The merger combines Curium's global thera...
