Bitari Inc., a Texas-based Bitcoin mining infrastructure company, filed for a $30 million IPO on Nasdaq, offering 4.28 million shares at $7 each. The company plans to use the net proceeds primarily for acquisitions, expansion, new infrastructure, R&D, and general purposes. Bitari operates a 20 MW site in Wheeler, Texas, with additional facilities in development and contracted sites. Notably, Bitari is partnering on a large AI data center project at its Wheeler site, requiring a $15 million security deposit, signaling a strategic expansion beyond traditional Bitcoin mining. AI Power X Inc. will retain majority control post-IPO.
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
PDD Holdings Inc. will report its Q2 2026 earnings on August 24, with expected EPS of $2.72 and revenue around $16.94 billion. Despite recent stock gains, analysts have mixed views, including an Underperform rating from BNP Paribas and a downgrade by...
Palo Alto Networks is expected to report strong Q4 revenue growth driven by a 60% rise in recurring revenue from Next-Generation Security and a 36% increase in remaining performance obligations. Despite solid top-line expansion and consistent earning...
JD Sports Fashion reported weaker-than-expected second-quarter sales, especially in North America, prompting a cut in its full-year profit guidance. This led to a nearly 15% drop in its stock price. Analysts from Citigroup, UBS, and Shore Capital mai...
