Hut 8, originally a Bitcoin mining company, is repurposing its Texas-based energy infrastructure at Beacon Point into a major AI data center. It has leased 704 MW of capacity valued at $19.6 billion over 15 years, with Nvidia holding the site lease and providing AI chips. Anthropic signed a $35 billion contract with cloud provider Lambda, which will use about half of Hut 8's capacity to run AI models like Claude. This shift highlights how Bitcoin miners are leveraging their electricity and land assets to meet growing AI computing demands, signaling a broader industry transition from crypto mining to AI services.
The Hershey Trust Company sold 1,512 common shares under a trading plan but kept voting control through Class B shares. Hershey will report Q3 earnings on October 29, with investors focused on how price increases affected Halloween-season demand. Q2 ...
W. R. Berkley reported mixed Q3 2026 results with earnings per share of $1.17 beating estimates, but revenue fell short at $3.74 billion versus $3.82 billion expected. The company saw premium growth with gross premiums up 3% and net premiums up 1%, s...
GE Aerospace is set to report its Q3 earnings with analysts forecasting a 21.7% rise in earnings per share to $2.02 and nearly 12% revenue growth to about $12.7 billion. Despite consistently beating estimates, the stock has fallen after past reports ...
Silence Therapeutics' stock surged 125.6% to $19.58 following Merck KGaA's agreement to acquire the RNA-interference drug developer for about $1.3 billion in equity value. Merck will pay $20 per share, a 130% premium over the recent closing price. Ot...
On October 19, 2026, several stocks saw significant declines. Iambic Therapeutics dropped 31.4% but stayed just above its IPO price of $16 after raising $150 million. TCGX Acquisition fell 18.5% following its announcement of a merger with TriGemX Bio...
