IREN Limited secured a $2.8 billion multi-year AI cloud deal with Microsoft and Nvidia, marking a strategic shift from Bitcoin mining to AI infrastructure. The deal boosts IREN's 2026 AI cloud revenue target to over $4 billion, with 85% already contracted, supported by a $3.65 billion GPU financing facility. The company plans to expand AI cloud capacity significantly by 2027 and has made geographic moves including a data center campus in South Australia and a European acquisition. Market reaction showed volatility, reflecting cautious optimism amid execution risks and governance concerns, while Wall Street ratings remain moderately positive with upside potential.
Silvaco and NVIDIA have teamed up to enhance semiconductor design and manufacturing by integrating NVIDIA's AI and accelerated computing with Silvaco's physics-based simulation technology. This collaboration aims to create high-fidelity digital twins...
The9 Limited reported a record net income of $23 million for Q1 2026, its strongest quarter since going public in 2004. This growth was primarily driven by digital asset income, including the receipt of 1.425 billion 9BIT tokens, and the rapid expans...
Memecoins saw a sector-wide rebound with the market cap rising 8% to $23 billion and trading volume up 77% to $2.85 billion. MemeCore (M) led the recovery, climbing 11.2% to around $1.32 after holding support at $1.1. Increased trader interest was ev...
The9 Limited has named George Lai as its new CEO, effective July 27, 2026, succeeding founder Jun Zhu who remains Executive Chairman. Lai, with 18 years at The9 and former CFO, will lead the company’s AI-driven platform the9bit, which has attracted 8...
Dr. Dajun Yang, Chairman and CEO of Ascentage Pharma, was ranked No. 3 on The Medicine Maker Power List 2026 in the Small Molecules category, recognizing his leadership in oncology drug development. Under his guidance, Ascentage Pharma has advanced i...
