Poolin, a major bitcoin mining company, has filed for Chapter 11 bankruptcy in the U.S. to sell its Texas mining assets through a court-supervised auction. The company owes about $173 million, mostly from IOUs issued after suspending wallet withdrawals in 2022. Interest from AI infrastructure buyers has increased bidding for the assets, reflecting a trend of repurposing mining facilities for AI and high-performance computing. The auction process aims to maximize creditor recoveries, with potential payouts depending on final bids and court approval.
Amylyx Pharmaceuticals' stock surged 54.43% after its drug avexitide showed positive Phase 3 trial results, cutting hypoglycemic events by 55% in post-bariatric patients. UBS set a $45 price target, implying a 36% upside from current levels. The stoc...
Ondas is expanding its market and technology through acquiring Aran Defense Ltd., enhancing its autonomous and defense systems. The company reported record Q2 revenue of $83.8 million, up 67% from the previous quarter and over 13 times year-over-year...
Xiaomi Corp reported better-than-expected earnings per share of $0.05 and revenue of $16.04 billion, surpassing analyst forecasts. However, the company faces significant margin pressure from rising component costs and weaker consumer demand, causing ...
Mercury Systems, a tech company in aerospace and defense, is expected to report Q2 earnings with EPS of $0.38, a 19.2% drop year-over-year, and revenue of $266.10 million, down 3%. Despite the decline, the company maintains a low debt-to-equity ratio...
An analyst from Scotiabank raised the price target for Public Storage (NYSE: PSA) to $346, suggesting a potential 5.75% upside from the current price of $327.18. Institutional investors like Capital Financial Group and Harvest Fund Management have in...
