Forgent Power Solutions (FPS) reported a strong Q3 FY2026 with revenue of $378.7 million, up 103% year-over-year, fueled by growing demand for custom electrical equipment in AI-powered data centers. Bookings soared 308%, and backlog hit $1.98 billion, indicating robust future growth. Management projects full-year 2026 revenue between $1.35 and $1.39 billion, an 82% increase, with adjusted EBITDA margins around 23%, supported by ongoing capacity expansion. Despite a high valuation of 63x EV/EBITDA, FPS's growth potential and capacity buildout aiming for $5 billion revenue justify a positive outlook amid execution risks.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
