IREN secured $2.6 to $3 billion through convertible notes to pivot from Bitcoin mining to building AI data center infrastructure, focusing on its Sweetwater campus in Texas. The company has long-term AI cloud contracts with Nvidia and Microsoft, totaling around $15 billion in revenue, aiming to host over 700,000 GPUs. Despite a recent revenue miss and net loss due to Bitcoin price swings and retiring old mining rigs, IREN is betting on stable AI workloads to reduce earnings volatility. The market reaction is mixed, with concerns over equity dilution and execution risks as IREN transitions to AI infrastructure.
BlackRock is reportedly considering investing between $5 billion and $10 billion in SpaceX's upcoming IPO, which aims to raise $75 billion at a valuation of about $1.75 trillion. This could become the largest IPO in history, with SpaceX planning to l...
SharkNinja reported robust Q1 2026 results, with net sales increasing 15.6% to $1.4 billion and adjusted net income rising 25.1%. The company's growth strategy focuses on expanding product categories, innovating new products, and growing internationa...
ELEKTROS Inc. is accelerating its lithium mining projects in Sierra Leone and advancing patented EV charging technology to capitalize on growing global demand for electric vehicles and battery infrastructure. The company highlights the strategic impo...
Abu Dhabi’s Mubadala Investment Company increased its holdings in Blackrock’s iShares Bitcoin ETF by 16% in Q1 2026, owning 14.7 million shares valued at $566 million. This marks the fifth consecutive quarter of growing investment since Q4 2024, refl...
Hyperliquid (HYPE) surged to $47 before sharply falling to $41, down 10.4% amid strong bearish pressure. A whale investor took a large 180,000 HYPE long position with 10x leverage worth $7.78 million, signaling optimism for a rebound. However, increa...
