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Paraguay convicts two bitcoin miners for energy theft, setting legal precedent against illegal power use.

Market News
22 Jun 2026
Bitcoin
View Source
Bearish
Paraguay convicts two bitcoin miners for energy theft, setting legal precedent against illegal power use.

Paraguay's National Power Administration (ANDE) won a legal case against two bitcoin miners convicted of stealing electricity by bypassing meters and directly connecting to the power grid. The miners were sentenced to two years in jail, though the sentence was suspended. This ruling is significant as it also holds property owners accountable if they facilitate or benefit from illegal energy use. ANDE plans to strengthen controls to combat illegal mining and energy theft, which have caused millions in losses. This case follows previous convictions in Paraguay, reinforcing the country's zero-tolerance policy on energy theft related to bitcoin mining.

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Kroger faces retail challenges with cautious spending ahead of earnings report on Sept 11, 2026.

Kroger faces retail challenges with cautious spending ahead of earnings report on Sept 11, 2026.

Kroger is set to release its earnings report on September 11, 2026, with analysts expecting earnings per share around $1.05-$1.06 and revenues near $34.64-$34.68 billion. Despite growth in digital sales and fresh product categories, the company faces...

Company Fundamentals
Bearish
1 hour ago
GameStop insider buys $1M in shares on earnings report day, signaling confidence.

GameStop insider buys $1M in shares on earnings report day, signaling confidence.

On the day GameStop released its earnings report, an insider purchased $1 million worth of company shares. This move suggests strong confidence in the company's future despite market uncertainties. Insider buying often signals positive expectations a...

Market News
Bullish
2 hours ago
Roth Capital reaffirms Buy on Smith Micro Software after new multi-year U.S. mobile operator deal.

Roth Capital reaffirms Buy on Smith Micro Software after new multi-year U.S. mobile operator deal.

Roth Capital has reiterated its Buy rating for Smith Micro Software following the company's announcement of an expanded multi-year agreement with a major U.S. mobile operator. This deal strengthens Smith Micro's long-term partnership and focuses on a...

Analyst Insights
Bullish
3 hours ago
Vince Holding beats Q2 EPS and revenue estimates with strong 11.7% sales growth.

Vince Holding beats Q2 EPS and revenue estimates with strong 11.7% sales growth.

Vince Holding Corp. reported a strong Q2 with earnings per share of $1.02, far exceeding the $0.27 consensus estimate, marking a 277.78% earnings surprise. Revenue reached $81.79 million, up 11.7% year-over-year and surpassing estimates, driven by st...

Company Fundamentals
Bullish
3 hours ago
Minnova updates PL Gold Mine resource to 601K oz measured & indicated, plans restart with high-grade open pit mining.

Minnova updates PL Gold Mine resource to 601K oz measured & indicated, plans restart with high-grade open pit mining.

Minnova Corp. announced a 2026 mineral resource estimate for its PL Gold Mine in Manitoba, showing 601,158 ounces of measured and indicated gold at 4.98 g/t, including 268,091 ounces from open-pit resources at 5.28 g/t. The company plans to restart m...

Market News
Bullish
4 hours ago
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