Ionic Digital, originally a bitcoin mining company from Celsius bankruptcy, raised $400 million in a private placement and filed for a Nasdaq direct listing. The company has shifted its business model from bitcoin mining to leasing digital infrastructure for AI, generating $44 million of its $51.4 million Q1 2026 revenue from AI infrastructure leasing. Ionic scaled back bitcoin mining significantly, operating fewer miners and producing less bitcoin compared to 2025. It has leased its Ward County site in Texas to Nscale for AI use, with potential contracted revenue up to $2.6 billion. Ionic plans to expand its AI infrastructure capacity and may eventually phase out bitcoin mining, positioning itself as a power and land monetization platform rather than a mining growth story.
Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to ...
New Jersey American Water received approval for rate increases that will add $68 million annually to its revenue. This funding supports over $1.4 billion in critical infrastructure upgrades, including replacing aging water mains and improving treatme...
MoneyHero Limited reported Q3 2026 earnings with an EPS of -$0.03 and revenue of $15.75 million, missing analyst estimates. The company is shifting strategy to offer more cash rewards to attract users, which has lowered immediate revenue and resulted...
Journey Energy has acquired a private company owning a 0.98% interest in the Keyera Rimbey gas processing facility for $8 million. This asset generates about $0.7 million annually in third-party processing revenue and is expected to reduce Journey's ...
Brodsky & Smith law firm is investigating ACV Auctions' Board of Directors for potential breaches of fiduciary duty related to the company's $1.9 billion sale to Copart, Inc. The probe questions whether the board conducted a fair process and if the $...
