MARA has obtained $600 million in new debt by pledging 18,750 Bitcoin, valued at about $1.2 billion, to finance its expansion into power generation and AI infrastructure. The loans come from Coinbase Credit and Two Prime Lending, with combined principal of $750 million including refinancing. The financing highlights MARA's strategy of leveraging its Bitcoin reserves for liquidity, supporting its planned $1.5 billion acquisition of Long Ridge Energy & Power, which includes a gas-fired power plant and industrial land for mining and AI projects. Despite a recent net loss due to falling Bitcoin prices, MARA is using these funds for general corporate purposes and growth initiatives.
Travelzoo has announced new exclusive travel deals for its Canadian Club Members, featuring discounted packages to destinations like Portugal, the Maldives, British Columbia, and Antigua. Offers include a $799 Portugal coastal getaway with flights, a...
US stock markets closed last week with strong gains, led by the Dow, Nasdaq, and S&P 500, all maintaining levels above their rising 52-week averages. Investors are closely watching upcoming inflation reports (CPI and PPI) and earnings from tech compa...
XRP Ledger (XRPL) has proposed six protocol upgrades, including a key privacy feature called 'Confidential Transfers' aimed at institutional users. These upgrades require 80% validator approval over two weeks to activate, with voting currently ongoin...
American Superconductor's Q1 FY26 results revealed strong growth in its Wind segment but weakness in its legacy Grid and NWL businesses, causing revenue shifts and margin compression. Despite impressive headline growth and improving profit margins, t...
Virtuals Protocol is expanding from digital AI agents to physical robotics with its new Eastworlds accelerator. This program offers selected teams access to humanoid robots like the Unitree G1 and up to a month of operational support to develop AI-dr...
