BitMine Immersion Technologies announced it now holds 5,620,754 Ethereum tokens, representing 4.66% of the total 120.7 million ETH supply, moving closer to its 5% target. The company has staked 4.72 million ETH, generating projected annual staking revenue of about $219 million, supporting dividends on its newly issued preferred stock. BitMine also reported total crypto and related holdings worth $10.4 billion, including Bitcoin, cash, and stakes in other companies. Despite these developments, BitMine's common stock (BMNR) showed little price movement, while the new preferred shares (BMNP) are set to begin trading soon with a declared weekly dividend. Investors will watch if BitMine can continue growing its ETH holdings per share while maintaining dividend payments.
SK Hynix has approved a $38 billion investment to build new memory fabrication plants. However, these new fabs are not expected to produce any chips before December 2028, indicating a long-term expansion plan. This move highlights SK Hynix's commitme...
Three closed-end funds—Eaton Vance Tax-Advantaged Dividend Income Fund, Reaves Utility Income Fund, and Cohen & Steers Quality Income Realty Fund—have paid monthly distributions for over 20 years, yielding between 6.5% and 9%. Each fund targets diffe...
Rosen Law Firm is investigating claims that GoDaddy Inc. provided misleading business information to investors. Shareholders who bought GoDaddy securities might be eligible for compensation through a class action lawsuit without upfront costs. The fi...
Ethereum is showing signs of strength with selling pressure at lows not seen since the 2022 bear market and increasing institutional inflows, contrasting with Bitcoin's outflows. The ETH/BTC ratio is at a critical resistance level of 0.03, which it h...
Anthropic CEO Dario Amodei responded to criticism that his warnings about AI risks have fueled negative public sentiment and regulatory backlash in the U.S. He argued his messaging has been balanced between AI's risks and benefits, emphasizing that p...
