Firmus, once a Bitcoin mining company, has raised $2 billion in new equity funding, boosting its valuation to over $10.5 billion. The funds will accelerate its AI infrastructure projects, including Project Southgate in Australia and new expansions in Indonesia and the Asia-Pacific region. Key investors include Blackstone, Nvidia, Coatue, and Jane Street, highlighting strong institutional interest in AI infrastructure. Firmus is leveraging Nvidia’s technology to build scalable AI data centers, positioning itself for growth as demand for AI computing rises globally.
Ethereum gained about 66.55% in Q3 2026, marking its best third quarter since 2016 and the third strongest ever. This rally was fueled by over $10 billion inflows into spot Ethereum ETFs, $15 billion in corporate treasury purchases, and a rise in dec...
Comstock Resources announced a joint venture with a fund linked to the Jerry Jones family investing over $400 million. The company also reached a preliminary agreement to reduce its debt by about half through $1.65 billion in gross proceeds. This mov...
The Vanguard High Dividend Yield Index Fund (VYM) has a forward price-to-earnings ratio of 18.85, lower than the SPY's 20-21, resulting in a higher earnings yield despite its modest 2.2% dividend. Its portfolio is heavily weighted in financial stocks...
Research by ARK Invest shows that under 1% of transactions on Robinhood Chain are directly linked to Robinhood Wallet users, with a generous estimate of up to 5% when including unidentified contracts. Most trading activity originates from external pl...
Semiconductor and memory stocks unexpectedly rose following a stronger-than-expected August jobs report showing 162,000 new payrolls versus 56,000 expected. This rally contrasts with declines in most non-AI stocks, suggesting some selling pressure in...
