Billionaire Dan Loeb's Third Point LLC has strategically invested over $300 million in four former cryptocurrency mining companies—Hut 8, Riot Platforms, Core Scientific, and Applied Digital—that are pivoting to AI infrastructure. These companies have secured multi-billion dollar, long-term contracts for AI data center services, signaling a shift from volatile crypto mining to more stable and profitable AI computing. Hut 8 leads with a $151.8 million stake, while Third Point also holds $194.47 million in Jack Dorsey's Block. This move reflects the growing trend of leveraging existing mining facilities for AI workloads, promising more predictable revenue and higher margins.
The Royal Canadian Legion has launched its 2026 National Poppy Campaign introducing a new contactless donation method using smartphones, supported by BMO and Toucan Giving technology. This innovation allows volunteers to collect donations via debit, ...
XBiotech Inc. announced the election of Jan-Paul Simard as Co-Chief Executive Officer alongside current CEO Dr. Sushma Shivaswamy, effective October 23, 2026. This leadership change aims to leverage their complementary skills and scientific expertise...
XBiotech Inc. announced the appointment of Sushma Shivaswamy and Jan-Paul Simard as co-chief executive officers, effective October 23, 2026. Shivaswamy, with 17 years at the company, has led scientific operations and was interim CEO since December 20...
Genmab and Incyte announced a Phase 1/2 clinical trial to test a combination of petosemtamab, INCB161734, and standard chemotherapy as a first-line treatment for metastatic colorectal cancer with the KRAS G12D mutation. This mutation is common and li...
Nanobiotix announced positive Phase 1 trial results for JNJ-1900 (NBTXR3), used with radiotherapy and immune checkpoint inhibitors, in 24 heavily pretreated advanced melanoma patients resistant to anti-PD-1 therapies. The treatment showed a 41.7% obj...
