Natural Gas Services Group (NGS) has acquired Flatrock Compression Holdings for $120 million in cash and stock, expanding its rental compression services and customer base in the Permian Basin and Eagle Ford regions. The acquisition adds a fleet of approximately 86,000 horsepower, primarily large horsepower and electric motor-driven units, increasing operational density and diversifying customers. This strategic move is immediately accretive to NGS's financials and supported by an expanded $500 million credit facility. NGS plans to leverage this acquisition to accelerate growth and enhance its market leadership in natural gas compression services.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
