Ionic Digital, a Bitcoin mining company spun off from Celsius Network, saw its shares rise over 25% during its Nasdaq direct listing, valuing the company at about $2.75 billion. Instead of raising new capital, existing shareholders sold shares directly. Ionic has pivoted from solely mining Bitcoin to leasing its Texas mining facility to AI cloud provider Nscale under a $2 billion, 10-year contract, signaling a strategic shift towards AI infrastructure. This move aligns Ionic with other miners like Hut 8 who are diversifying to stabilize revenue amid Bitcoin price volatility.
The global AI in Medical Coding market, valued at $3 billion in 2025, is projected to grow to $10.6 billion by 2035 at a 13.5% CAGR. Growth is fueled by increasing adoption of AI technologies in healthcare for automated coding, fraud detection, and r...
Borr Drilling's joint venture BC Ventures has acquired five premium jack-up rigs in Mexico from Fontis Finance Ltd. for $287 million, financed mainly through a $237 million non-recourse seller's credit and cash contributions. This acquisition expands...
Tether and the Nairobi Securities Exchange (NSE) signed a memorandum of understanding on July 28 to explore the use of tokenized securities, blockchain-based market infrastructure, and digital asset education in Kenya. The collaboration will focus on...
Citadel, a major hedge fund, expects the Federal Reserve to raise interest rates by 25 basis points on Wednesday, lifting the benchmark rate to 3.75%-4%. This contrasts with most analysts and market expectations, which predict no change. Citadel argu...
Bitcoin and major cryptocurrencies gained about 1% despite a sharp two-day sell-off in South Korean chipmaker stocks, including SK Hynix and Samsung. SK Hynix shares fell 17% after reporting a 557% profit surge that still missed high market expectati...
