1 hr. ago
On September 14, American Battery Technology Company (NASDAQ:ABAT) held its fiscal year 2026 earnings call, and for once the numbers matched the ambition. Revenue at its flagship recycling facility jumped more than 400% to $21.7 million, and the company posted its first-ever adjusted gross profit. But on the same call, CEO Ryan Melsert disclosed a federal directive that could choke off exports of one of the plant's key products, black mass, a reminder that ABAT's fortunes are still tied tightly to Washington.
Revenue jumped over 400% year over year to $21.7 million, fueled by higher throughput at the company's first recycling facility and increased sales of byproducts. Cost of goods sold rose only 67% over the same stretch, evidence that fixed costs are spreading across a much bigger volume of material. Even more telling, operating cash spend actually fell 16% even as throughput at the plant more than quadrupled. That combination pushed American Battery Technology to an adjusted gross profit of $1.7 million, a sharp turnaround from the $6.2 million loss it posted a year earlier.
The balance sheet tells a similar story. Cash climbed to $49.5 million as of June 30, 2026, and total ***** ets reached $133 million, up sharply from the prior year. The company also erased all of its long-term debt during the year, leaving it with a clean balance sheet heading into a period of heavy capital spending.
Growth plans are already in motion. A second recycling facility planned for the Southeast U.S., designed to process 100,000 tons of batteries a year, is backed by a $150 million grant from the Department of Energy, and a separate $10 million DOE grant is funding three next-generation recycling technologies. On the mining side, the Bureau of Land Management certified the company's plan of operations for its Tonopah lithium project in Nevada, home to an identified 21.3 million tons of lithium hydroxide, including 2.7 million tons of proven and probable reserves. The project also won a FAST-41 priority designation, intended to speed up federal permitting.
The clearest risk surfaced on the call itself. The US Department of Commerce issued a directive that effectively bans the export of black mass, the concentrated metal byproduct of battery recycling, unless a company obtains a specific exception. American Battery Technology has submitted a request for that exception, but as of the call, Commerce had not issued a formal response, and the company is storing black mass at its facility in the meantime.
#company #recycling #black
Revenue jumped over 400% year over year to $21.7 million, fueled by higher throughput at the company's first recycling facility and increased sales of byproducts. Cost of goods sold rose only 67% over the same stretch, evidence that fixed costs are spreading across a much bigger volume of material. Even more telling, operating cash spend actually fell 16% even as throughput at the plant more than quadrupled. That combination pushed American Battery Technology to an adjusted gross profit of $1.7 million, a sharp turnaround from the $6.2 million loss it posted a year earlier.
The balance sheet tells a similar story. Cash climbed to $49.5 million as of June 30, 2026, and total ***** ets reached $133 million, up sharply from the prior year. The company also erased all of its long-term debt during the year, leaving it with a clean balance sheet heading into a period of heavy capital spending.
Growth plans are already in motion. A second recycling facility planned for the Southeast U.S., designed to process 100,000 tons of batteries a year, is backed by a $150 million grant from the Department of Energy, and a separate $10 million DOE grant is funding three next-generation recycling technologies. On the mining side, the Bureau of Land Management certified the company's plan of operations for its Tonopah lithium project in Nevada, home to an identified 21.3 million tons of lithium hydroxide, including 2.7 million tons of proven and probable reserves. The project also won a FAST-41 priority designation, intended to speed up federal permitting.
The clearest risk surfaced on the call itself. The US Department of Commerce issued a directive that effectively bans the export of black mass, the concentrated metal byproduct of battery recycling, unless a company obtains a specific exception. American Battery Technology has submitted a request for that exception, but as of the call, Commerce had not issued a formal response, and the company is storing black mass at its facility in the meantime.
#company #recycling #black
2 days ago
Here's what we know after Monday's press conference in New York to announce the new MMA promotion backed by Strikeforce founder and former Bellator president Scott ******* er:
— It will be called Ki MMA, which looks like K-1 on paper but is ******* ounced like "key," which led to at least one accidental pun in just the first half-hour or so of conversation among the executives.
— Its fights will take place in a modified boxing ring, with such an abundance of tightly ******* ed ropes that should help us finally figure out if it's possible to use this set up without fighters getting tangled or falling through.
— It will focus on tournament-based competition, beginning with a 32-man featherweight tournament in 2027, that will draw fighters from four different continents — North America, South America, Europe and Asia — leading to a world grand prix final, where the eventual champion will have to win two fights in one night.
What we didn't find out was who will be in this tournament or where we'll be able to watch it. Those are typically two pretty important factors in determining whether or not fight fans will get on board, but I guess we're taking things one step at a time.
#bellator
— It will be called Ki MMA, which looks like K-1 on paper but is ******* ounced like "key," which led to at least one accidental pun in just the first half-hour or so of conversation among the executives.
— Its fights will take place in a modified boxing ring, with such an abundance of tightly ******* ed ropes that should help us finally figure out if it's possible to use this set up without fighters getting tangled or falling through.
— It will focus on tournament-based competition, beginning with a 32-man featherweight tournament in 2027, that will draw fighters from four different continents — North America, South America, Europe and Asia — leading to a world grand prix final, where the eventual champion will have to win two fights in one night.
What we didn't find out was who will be in this tournament or where we'll be able to watch it. Those are typically two pretty important factors in determining whether or not fight fans will get on board, but I guess we're taking things one step at a time.
#bellator
3 days ago
On August 13, a federal appeals court ruled in favor of Gilead Sciences, Inc. (NASDAQ:GILD), upholding a preliminary injunction that bars the defendants from importing or facilitating the sale of foreign-market Gilead-branded medications in the US. The US Court of Appeals for the Fourth Circuit found that the differences between Gilead's HIV medication for the US market and the foreign versions being imported were "material, not theoretical." The controversy began in December 2024 when Gilead Sciences, Inc. (NASDAQ:GILD) filed suit against a number of companies, including third-party administrator Meritain Health, pharmacy benefit manager ProAct, and pharmacies Rx Valet and Advanced Pharmacy, alleging illegal imports of its best-selling HIV drug Biktarvy.
The dispute dates back to December 2024, when Gilead Sciences, Inc. (NASDAQ:GILD) sued a group of companies, including third-party administrator Meritain Health, pharmacy benefit manager ProAct, and pharmacies Rx Valet and Advanced Pharmacy, alleging illegal imports of its top-selling HIV drug Biktarvy. The lawsuit arose from a specific instance in which a patient in Maryland received the medicine in the mail from Turkey, with label instructions written in Turkish.
A federal district court in Baltimore ruled in Gilead's favor and ordered a preliminary injunction, determining that the company was likely to succeed on its Lanham Act trademark violation and unfair competition arguments. As the case continued, the injunction was increased to include new sellers like CanaRx, ElectRx, and ScriptSourcing. The defendants filed an appeal with the Fourth Circuit, and the district judge declined to suspend the injunction while the appeal was pending, thus the import restriction has been in effect the entire time. The recent ruling maintains the order rather than overturning it.
In court documents, Rx Valet stated that the Turkish-sourced Biktarvy was chemically identical to the US version, which was offered at a significantly higher price. Meritain, for its part, said that it has never supported getting non-FDA-approved pharmaceuticals from outside the US and denies the claims, despite being named as a defendant.
The Fourth Circuit rejected the defendants' main argument that the imported and domestic versions of Biktarvy are interchangeable. The court's judgment that the two versions differ materially, not just in packaging or labeling, but also in the quality-control protocols that each version goes through before reaching a patient, challenges the basic argument that these alternative funding programs have used to support their business model.
#gild
The dispute dates back to December 2024, when Gilead Sciences, Inc. (NASDAQ:GILD) sued a group of companies, including third-party administrator Meritain Health, pharmacy benefit manager ProAct, and pharmacies Rx Valet and Advanced Pharmacy, alleging illegal imports of its top-selling HIV drug Biktarvy. The lawsuit arose from a specific instance in which a patient in Maryland received the medicine in the mail from Turkey, with label instructions written in Turkish.
A federal district court in Baltimore ruled in Gilead's favor and ordered a preliminary injunction, determining that the company was likely to succeed on its Lanham Act trademark violation and unfair competition arguments. As the case continued, the injunction was increased to include new sellers like CanaRx, ElectRx, and ScriptSourcing. The defendants filed an appeal with the Fourth Circuit, and the district judge declined to suspend the injunction while the appeal was pending, thus the import restriction has been in effect the entire time. The recent ruling maintains the order rather than overturning it.
In court documents, Rx Valet stated that the Turkish-sourced Biktarvy was chemically identical to the US version, which was offered at a significantly higher price. Meritain, for its part, said that it has never supported getting non-FDA-approved pharmaceuticals from outside the US and denies the claims, despite being named as a defendant.
The Fourth Circuit rejected the defendants' main argument that the imported and domestic versions of Biktarvy are interchangeable. The court's judgment that the two versions differ materially, not just in packaging or labeling, but also in the quality-control protocols that each version goes through before reaching a patient, challenges the basic argument that these alternative funding programs have used to support their business model.
#gild
4 days ago
HIVE Digital Technologies (Nasdaq: HIVE), a Canada-based Bitcoin miner and data center operator that trades on the Nasdaq and Toronto Stock Exchange, said it has exceeded $1 million in daily revenue on Aug. 21.
The milestone combined income from Bitcoin mining and GPU cloud services for the first time at that level, according to preliminary, unaudited management estimates.
Since that date, the company has produced an average of approximately 12 Bitcoin per day, representing roughly 2% of global Bitcoin network production.
Its GPU cloud operations, run through wholly owned subsidiary BUZZ HPC, a sovereign AI cloud and high-performance computing provider, have generated approximately $100,000 in average daily revenue over the same period.
Related: Man declares bankruptcy with 34 cents while hiding millions
#Bitcoin #hive #daily #average
The milestone combined income from Bitcoin mining and GPU cloud services for the first time at that level, according to preliminary, unaudited management estimates.
Since that date, the company has produced an average of approximately 12 Bitcoin per day, representing roughly 2% of global Bitcoin network production.
Its GPU cloud operations, run through wholly owned subsidiary BUZZ HPC, a sovereign AI cloud and high-performance computing provider, have generated approximately $100,000 in average daily revenue over the same period.
Related: Man declares bankruptcy with 34 cents while hiding millions
#Bitcoin #hive #daily #average
4 days ago
During the September 8 episode of Mad Money, Jim Cramer turned his attention to Enbridge Inc. (NYSE:ENB), examining escalating geopolitical tensions. He commented:
As long as the war with Iran drags on, it's easy to recommend the refiners like a Valero or a Marathon. I don't see it ending any time soon, not with the US and Iran trading volleys this evening at islands and ships in the Strait. But how about a pipeline that moves about 30% of all crude produced in North America? Now, I'm talking about Enbridge which has a 5.5% yield. Also has a natural gas, you know, it transports 20% of the natural gas that's consumed in America. Okay, it's Canadian, but it's not caught up in the tariff fight because slapping tariffs on Canadian energy would be economic suicide for our country.
Cramer's focus on Enbridge Inc. (NYSE:ENB) highlights the structural dominance of its midstream network. The company operates as a significant transport network for North American energy, moving approximately 30% of all crude produced on the continent. Moreover, its vast utility and transmission network handles 20% of the natural gas consumed in the United States. The company's toll-road business model generates highly predictable cash flows, supporting an attractive dividend yield of roughly 5.6%. For income-focused investors, the combination of essential operational volume and reliable capital return creates a defensive cushion during volatile market cycles.
The company's defensive moat goes into cross-border trade and regional security. As Cramer pointed out, imposing punitive tariffs on Canadian energy imports would amount to severe economic self-harm for the United States, given the deep interdependence of North American energy grids.
Even with steady toll revenues, Enbridge Inc. (NYSE:ENB) carries a heavy debt load that comes with the territory of running massive pipeline networks, with long-term debt sitting at approximately C$104 billion. Because building and maintaining energy infrastructure requires heavy borrowing, higher interest rates hit financing costs, which can occasionally weigh on income-seeking investors.
#enbridge #natural #Iran #America
As long as the war with Iran drags on, it's easy to recommend the refiners like a Valero or a Marathon. I don't see it ending any time soon, not with the US and Iran trading volleys this evening at islands and ships in the Strait. But how about a pipeline that moves about 30% of all crude produced in North America? Now, I'm talking about Enbridge which has a 5.5% yield. Also has a natural gas, you know, it transports 20% of the natural gas that's consumed in America. Okay, it's Canadian, but it's not caught up in the tariff fight because slapping tariffs on Canadian energy would be economic suicide for our country.
Cramer's focus on Enbridge Inc. (NYSE:ENB) highlights the structural dominance of its midstream network. The company operates as a significant transport network for North American energy, moving approximately 30% of all crude produced on the continent. Moreover, its vast utility and transmission network handles 20% of the natural gas consumed in the United States. The company's toll-road business model generates highly predictable cash flows, supporting an attractive dividend yield of roughly 5.6%. For income-focused investors, the combination of essential operational volume and reliable capital return creates a defensive cushion during volatile market cycles.
The company's defensive moat goes into cross-border trade and regional security. As Cramer pointed out, imposing punitive tariffs on Canadian energy imports would amount to severe economic self-harm for the United States, given the deep interdependence of North American energy grids.
Even with steady toll revenues, Enbridge Inc. (NYSE:ENB) carries a heavy debt load that comes with the territory of running massive pipeline networks, with long-term debt sitting at approximately C$104 billion. Because building and maintaining energy infrastructure requires heavy borrowing, higher interest rates hit financing costs, which can occasionally weigh on income-seeking investors.
#enbridge #natural #Iran #America
4 days ago
Investment manager Jim Chanos is the founder of Kynikos ***** ociates, a New York City-registered investment advisor focused on short selling.
He is best known for predicting the fall of the major energy company Enron before its bankruptcy in 2001, with Kynikos profiting from its massive short position.
The trade turned Chanos into a legendary figure at Wall Street. The investor just now sent a harsh warning on artificial intelligence (AI) trends.
Related: HIVE chair dismisses Anthropic researcher's AI extinction warning
IREN Limited (Nasdaq: IREN) is a data infrastructure company that began as a Bitcoin miner. But it began focusing on building AI capacities, though mining is still a major business area.
#iren #company #began #associates
He is best known for predicting the fall of the major energy company Enron before its bankruptcy in 2001, with Kynikos profiting from its massive short position.
The trade turned Chanos into a legendary figure at Wall Street. The investor just now sent a harsh warning on artificial intelligence (AI) trends.
Related: HIVE chair dismisses Anthropic researcher's AI extinction warning
IREN Limited (Nasdaq: IREN) is a data infrastructure company that began as a Bitcoin miner. But it began focusing on building AI capacities, though mining is still a major business area.
#iren #company #began #associates
4 days ago
ST. PETERSBURG, Fla. - A second straight game without Yordan Alvarez reinforced a reality. The Houston Astros need more consistent sources of offense, with time running short for them to emerge.
A lineup missing its leading threat mustered five hits in a 3-2 loss to the Tampa Bay Rays on Saturday, undermining a determined start by right-hander Peter Lambert and ensuring a series loss to the American League's first playoff entrant at Tropicana Field.
The Astros, who entered with the fifth-fewest runs in the majors since the Aug. 3 trade deadline, scored three or fewer for the 21st time in 35 games in that stretch. The offensive downturn might be presenting a direr threat to their playoff hopes if not for an inept division. The loss left Houston with a 2 ½-game AL West lead over the Rangers, who entered the day four games under .500, pending Texas' result.
The Astros are 75-74 with 13 games remaining on their schedule. Yainer Diaz had three of their five hits Saturday, including a run-scoring single in the sixth inning. Isaac Paredes' solo home run in the first against Rays starter Ian Seymour, who worked six strong frames, provided their only other run. Houston hitters were 2-for-6 with runners in scoring position and stranded six men on base.
The first was Seymour's rockiest inning, as three straight batters reached. Daulton Varsho and Christian Walker struck out to defuse the threat. Richie Palacios' two-run single wrought the first blemish against Lambert in his six-plus innings. Nick Madrigal broke a 2-2 tie for the Rays with a pinch-hit sacrifice fly in the bottom of the seventh.
#houston #astros #rays #lambert
A lineup missing its leading threat mustered five hits in a 3-2 loss to the Tampa Bay Rays on Saturday, undermining a determined start by right-hander Peter Lambert and ensuring a series loss to the American League's first playoff entrant at Tropicana Field.
The Astros, who entered with the fifth-fewest runs in the majors since the Aug. 3 trade deadline, scored three or fewer for the 21st time in 35 games in that stretch. The offensive downturn might be presenting a direr threat to their playoff hopes if not for an inept division. The loss left Houston with a 2 ½-game AL West lead over the Rangers, who entered the day four games under .500, pending Texas' result.
The Astros are 75-74 with 13 games remaining on their schedule. Yainer Diaz had three of their five hits Saturday, including a run-scoring single in the sixth inning. Isaac Paredes' solo home run in the first against Rays starter Ian Seymour, who worked six strong frames, provided their only other run. Houston hitters were 2-for-6 with runners in scoring position and stranded six men on base.
The first was Seymour's rockiest inning, as three straight batters reached. Daulton Varsho and Christian Walker struck out to defuse the threat. Richie Palacios' two-run single wrought the first blemish against Lambert in his six-plus innings. Nick Madrigal broke a 2-2 tie for the Rays with a pinch-hit sacrifice fly in the bottom of the seventh.
#houston #astros #rays #lambert
4 days ago
Oklahoma football panic meter: Can Sooners still make CFP push despite ugly Michigan loss? appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Oklahoma football faced, arguably, the most questionable 1-0 team in the nation Saturday. Now fans are questioning coach Brent Venables, quarterback John Mateer and company. Michigan stunned the No. 11 Sooners 17-10 in Ann Arbor to spark early panic out of OU.
And the Wolverines pulled off the upset following a widely scrutinized week. Michigan became criticized and ridiculed following its controversial finish against Western Michigan. Quarterback Bryce Underwood then faced a potential benching following some strong words from head coach Kyle Whittingham.
But now it's the Sooners who'll face the critics. Including determining if the panic meter is high already in Norman.
Watch sports LIVE with fuboTV (free trial)
#michigan #panic #following
Oklahoma football faced, arguably, the most questionable 1-0 team in the nation Saturday. Now fans are questioning coach Brent Venables, quarterback John Mateer and company. Michigan stunned the No. 11 Sooners 17-10 in Ann Arbor to spark early panic out of OU.
And the Wolverines pulled off the upset following a widely scrutinized week. Michigan became criticized and ridiculed following its controversial finish against Western Michigan. Quarterback Bryce Underwood then faced a potential benching following some strong words from head coach Kyle Whittingham.
But now it's the Sooners who'll face the critics. Including determining if the panic meter is high already in Norman.
Watch sports LIVE with fuboTV (free trial)
#michigan #panic #following
4 days ago
After examining the Jacksonville Jaguars' final injury report of Week 1, where do the Cleveland Browns stand health-wise entering this game?
On Friday afternoon, the Browns ruled out guard Teven Jenkins (back) and listed center Parker Brailsford (thumb) as questionable.
Jenkins made four starts last year in his first season with Cleveland and was slated to start at right guard in 2026. Expected to start in Jenkins' place is rookie Austin Barber -- a third-round pick by the Browns.
Andrew Harbaugh of Browns Wire recently provided some insight into what Barber can bring to the Browns' offensive line unit:
"Barber didn't play guard at Florida, so it's a new position for him after logging 2,087 snaps at left tackle and 490 snaps at right tackle during his time with the Gators," wrote Harbaugh. "He brings a nasty temperament to the run game, looking to finish guys by blocking them into the dirt."
#harbaugh #start #right #snaps
On Friday afternoon, the Browns ruled out guard Teven Jenkins (back) and listed center Parker Brailsford (thumb) as questionable.
Jenkins made four starts last year in his first season with Cleveland and was slated to start at right guard in 2026. Expected to start in Jenkins' place is rookie Austin Barber -- a third-round pick by the Browns.
Andrew Harbaugh of Browns Wire recently provided some insight into what Barber can bring to the Browns' offensive line unit:
"Barber didn't play guard at Florida, so it's a new position for him after logging 2,087 snaps at left tackle and 490 snaps at right tackle during his time with the Gators," wrote Harbaugh. "He brings a nasty temperament to the run game, looking to finish guys by blocking them into the dirt."
#harbaugh #start #right #snaps
4 days ago
After examining the Indianapolis Colts' final injury report of Week 1, where do the Baltimore Ravens stand health-wise entering this game?
On Friday afternoon, the Ravens ruled two players out -- defensive tackle Nnamdi Madubuike (neck) and linebacker Teddye Buchanan (knee).
Game status at Colts pic.twitter.com/5qgFJw1YN3
Glenn Erby of Ravens Wire provided some insight into what Madubuike's absence could mean for this game:
"Madubuike's absence leaves Baltimore without its most disruptive interior pass rusher for a matchup," Erby wrote. "His ability to collapse the pocket and create penetration against the run would have been valuable against one of the NFL's most explosive running backs."
#erby
On Friday afternoon, the Ravens ruled two players out -- defensive tackle Nnamdi Madubuike (neck) and linebacker Teddye Buchanan (knee).
Game status at Colts pic.twitter.com/5qgFJw1YN3
Glenn Erby of Ravens Wire provided some insight into what Madubuike's absence could mean for this game:
"Madubuike's absence leaves Baltimore without its most disruptive interior pass rusher for a matchup," Erby wrote. "His ability to collapse the pocket and create penetration against the run would have been valuable against one of the NFL's most explosive running backs."
#erby
4 days ago
A pastor kicked off a recent campaign stop for Michael Whatley, the Republican nominee for Senate, with a prayer that asked God to bestow "integrity and honesty" upon the event and to right wrongs "hammered down on the conservative movement."
The prayer was hardly unusual by North Carolina political standards. What was surprising was the man who delivered it. Pastor Daimon L. King is a registered ***** offender, twice sentenced to prison for convictions involving children, according to state and court records.
The episode occurred with two months to go in a marquee Senate race that could help decide which party controls the chamber after the November elections. It risks undermining one of Whatley's central campaign arguments — that his Democratic opponent, former Gov. Roy Cooper, is soft on crime. And it could feed into an advertising blitz by Democrats that has targeted the Republican candidate's ***** ociation with another convicted ***** offender, a former GOP official.
King did not respond to messages seeking comment.
Whatley's campaign declined to make him available for an interview. In a statement, campaign spokesman DJ Griffin said Whatley did not know King and the event "was NOT planned nor organized by the Whatley campaign nor did the campaign invite any of the guests."
#king #prayer #Event
The prayer was hardly unusual by North Carolina political standards. What was surprising was the man who delivered it. Pastor Daimon L. King is a registered ***** offender, twice sentenced to prison for convictions involving children, according to state and court records.
The episode occurred with two months to go in a marquee Senate race that could help decide which party controls the chamber after the November elections. It risks undermining one of Whatley's central campaign arguments — that his Democratic opponent, former Gov. Roy Cooper, is soft on crime. And it could feed into an advertising blitz by Democrats that has targeted the Republican candidate's ***** ociation with another convicted ***** offender, a former GOP official.
King did not respond to messages seeking comment.
Whatley's campaign declined to make him available for an interview. In a statement, campaign spokesman DJ Griffin said Whatley did not know King and the event "was NOT planned nor organized by the Whatley campaign nor did the campaign invite any of the guests."
#king #prayer #Event
5 days ago
USA Rare Earth, Inc. (NASDAQ:USAR) announced on September 4 that it completed the Serra Verde acquisition one day earlier, paying $300 million in cash and issuing approximately 126.8 million common shares. The transaction adds Brazil's Pela Ema mine to Less Common Metals in the United Kingdom, the Stillwater, Oklahoma, magnet facility, and the Round Top project in Texas.
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
5 days ago
A Brazilian federal judge ordered the immediate suspension of all environmental licenses held by Sigma Mineração S.A., the operating subsidiary of Sigma Lithium Corporation (NASDAQ:SGML), for the Grota do Cirilo project. The September 4 preliminary order also halted mining activities following a civil action brought by the Federation of Quilombola Communities of Minas Gerais.
The dispute centers on whether the project lies within the area of influence of the Baú Quilombola Community and therefore required free, prior, and informed consultation. The judge cited studies placing the community's territory approximately 2.7 kilometers from the project's directly affected area, within the 8-kilometer presumptive regulatory impact radius applicable to mining projects outside Brazil's Legal Amazon under Interministerial Ordinance No. 60/2015. Sigma Lithium Corporation (NASDAQ:SGML) has argued that the project is outside the relevant impact zone.
The court ordered independent georeferencing and barred Minas Gerais and its environmental agency from issuing new licenses, amendments, or corrective approvals until the community-protection requirements are completed.
Two routes remain. If independent georeferencing supports the boundary position, Sigma Lithium Corporation (NASDAQ:SGML) could seek favorable court relief modifying or reversing the suspension. This provides an alternative to completing the consultation requirements.
If the project falls within the regulated impact area, Sigma Lithium Corporation (NASDAQ:SGML) would need Incra approval of the Quilombola Component Study, Basic Quilombola Environmental Plan and Final Execution Report, plus free, prior and informed consultation with the Baú community. Completing those requirements could preserve the project if acceptable mitigation is agreed.
#corporation #sgml #project #community
The dispute centers on whether the project lies within the area of influence of the Baú Quilombola Community and therefore required free, prior, and informed consultation. The judge cited studies placing the community's territory approximately 2.7 kilometers from the project's directly affected area, within the 8-kilometer presumptive regulatory impact radius applicable to mining projects outside Brazil's Legal Amazon under Interministerial Ordinance No. 60/2015. Sigma Lithium Corporation (NASDAQ:SGML) has argued that the project is outside the relevant impact zone.
The court ordered independent georeferencing and barred Minas Gerais and its environmental agency from issuing new licenses, amendments, or corrective approvals until the community-protection requirements are completed.
Two routes remain. If independent georeferencing supports the boundary position, Sigma Lithium Corporation (NASDAQ:SGML) could seek favorable court relief modifying or reversing the suspension. This provides an alternative to completing the consultation requirements.
If the project falls within the regulated impact area, Sigma Lithium Corporation (NASDAQ:SGML) would need Incra approval of the Quilombola Component Study, Basic Quilombola Environmental Plan and Final Execution Report, plus free, prior and informed consultation with the Baú community. Completing those requirements could preserve the project if acceptable mitigation is agreed.
#corporation #sgml #project #community
5 days ago
Elon Musk has slammed director Alex Gibney as a "bitter old man" with "zero integrity" after the release of Gibney's four-hour documentary about the tech mogul.
The documentary, ***** led "Musk," was billed as a "definitive and unvarnished examination" of the ***** eX boss. However, he fired back, calling it a "hit piece that misses."
Musk had already been pulled into a social media drama after his former partner, Ashley St. Clair, claimed she turned down a $40 million offer from his team in exchange for not participating in the documentary.
The outspoken billionaire launched a furious public tirade against Alex Gibney following the premiere of "Musk," an unflinching four-hour documentary examining his life, power, and global political influence at the Venice Film Festival.
Taking to X (formerly Twitter), the platform he acquired for $44 billion in 2022, the tech billionaire dismissed the documentary. He also attacked the director's personal and professional credibility, calling him a "bitter old man" who has "zero integrity."
#alex #gibney #hour
The documentary, ***** led "Musk," was billed as a "definitive and unvarnished examination" of the ***** eX boss. However, he fired back, calling it a "hit piece that misses."
Musk had already been pulled into a social media drama after his former partner, Ashley St. Clair, claimed she turned down a $40 million offer from his team in exchange for not participating in the documentary.
The outspoken billionaire launched a furious public tirade against Alex Gibney following the premiere of "Musk," an unflinching four-hour documentary examining his life, power, and global political influence at the Venice Film Festival.
Taking to X (formerly Twitter), the platform he acquired for $44 billion in 2022, the tech billionaire dismissed the documentary. He also attacked the director's personal and professional credibility, calling him a "bitter old man" who has "zero integrity."
#alex #gibney #hour
5 days ago
By Aditya Kalra
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
5 days ago
On September 2, F5, Inc. (NASDAQ:FFIV) announced a key integration with MuleSoft, a Salesforce, Inc. (NYSE:CRM) company, federating F5 AI Guardrails directly into MuleSoft's Agent Fabric Omni Gateway. As enterprises rapidly scale agentic AI capabilities, security teams face growing governance gaps and risks from prompt injection, data leakage, and toxic outputs. This native integration gives security and platform engineering teams centralized policy enforcement, proactive threat mitigation, and low-touch policy tuning without forcing organizations to re-architect existing infrastructure.
While the partnership strengthens both ecosystems, examining their latest financials reveals two enterprise software giants moving at distinctly different scales and growth trajectories.
F5, Inc. (NASDAQ:FFIV) reported strong Q3 FY26 results, generating $865 million in revenue (up 11% year-over-year). Revenue growth was anchored by a 19% jump in product revenue, led by a 32% surge in systems revenue ($240 million). F5's bottom line remained exceptionally robust, expanding non-GAAP operating margin to 35.0% and delivering non-GAAP net income of $272 million ($4.73 per diluted share, up from $4.16).
Salesforce operated at a much larger scale in its record Q2 FY27, generating $11.3 billion in quarterly revenue (up 11% year-over-year). Growth was fueled by subscription and support revenue of $10.8 billion and expanding adoption of its Agentforce platform, whose annual recurring revenue (ARR) neared $3.9 billion. Salesforce posted a non-GAAP operating margin of 34.1%, and non-GAAP diluted EPS of $5.90, while raising its full-year FY27 revenue guidance to $46.1B–$46.4B.
While both companies run near-identical, highly profitable non-GAAP operating margins (~34%–35%), Salesforce leads overall financial health due to its massive free cash flow generation, cRPO backlog of $33.5 billion, and broader ecosystem dominance.
#Growth
While the partnership strengthens both ecosystems, examining their latest financials reveals two enterprise software giants moving at distinctly different scales and growth trajectories.
F5, Inc. (NASDAQ:FFIV) reported strong Q3 FY26 results, generating $865 million in revenue (up 11% year-over-year). Revenue growth was anchored by a 19% jump in product revenue, led by a 32% surge in systems revenue ($240 million). F5's bottom line remained exceptionally robust, expanding non-GAAP operating margin to 35.0% and delivering non-GAAP net income of $272 million ($4.73 per diluted share, up from $4.16).
Salesforce operated at a much larger scale in its record Q2 FY27, generating $11.3 billion in quarterly revenue (up 11% year-over-year). Growth was fueled by subscription and support revenue of $10.8 billion and expanding adoption of its Agentforce platform, whose annual recurring revenue (ARR) neared $3.9 billion. Salesforce posted a non-GAAP operating margin of 34.1%, and non-GAAP diluted EPS of $5.90, while raising its full-year FY27 revenue guidance to $46.1B–$46.4B.
While both companies run near-identical, highly profitable non-GAAP operating margins (~34%–35%), Salesforce leads overall financial health due to its massive free cash flow generation, cRPO backlog of $33.5 billion, and broader ecosystem dominance.
#Growth
5 days ago
Demand for artificial intelligence (AI) is growing and creating massive opportunities for companies with the compute capacity to run training and inference workloads.
Iren (NASDAQ: IREN) has traditionally used its compute capacity to mine Bitcoin, but the company has pivoted from cryptocurrency mining to providing cloud services to help technology companies manage workloads.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Iren is winding down its Bitcoin operations by the end of this year and leaning fully into managing AI workloads. With the stock trading down about 37% from its 52-week high, is now a good time to buy? Let's dive into the business and opportunity ahead to find out.
For years, Iren focused on mining Bitcoin using ASIC (custom integrated circuit chips built for a specific task rather than general computing) hardware. However, the company is undergoing a massive strategic shift, redirecting its computing infrastructure toward AI cloud services.
#iren #NVIDIA #company #flashing
Iren (NASDAQ: IREN) has traditionally used its compute capacity to mine Bitcoin, but the company has pivoted from cryptocurrency mining to providing cloud services to help technology companies manage workloads.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Iren is winding down its Bitcoin operations by the end of this year and leaning fully into managing AI workloads. With the stock trading down about 37% from its 52-week high, is now a good time to buy? Let's dive into the business and opportunity ahead to find out.
For years, Iren focused on mining Bitcoin using ASIC (custom integrated circuit chips built for a specific task rather than general computing) hardware. However, the company is undergoing a massive strategic shift, redirecting its computing infrastructure toward AI cloud services.
#iren #NVIDIA #company #flashing
5 days ago
After signing what President Donald Trump touted as "the biggest oil deal in world history" to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S. Administration is setting its sights on the South American country's potentially vast gold and critical minerals wealth.
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
5 days ago
Caterpillar Inc. (NYSE:CAT) is stepping up its push into AI-powered autonomy as the company looks to help customers build, move and power progress more safely and efficiently. On September 2, it announced a collaboration with FieldAI to advance the development of physical AI, autonomy and robotics.
The partnership could help accelerate Caterpillar's transition beyond the traditional sale of heavy equipment toward AI-enabled autonomous industrial systems. FieldAI is a potentially valuable partner because its AI models are designed to help robots perceive, understand, and navigate complex, unpredictable environments.
Caterpillar could combine FieldAI's technology with its equipment-engineering expertise and operational data to improve autonomous operations in challenging environments. Over time, the collaboration could complement Caterpillar's broader push toward increasingly autonomous equipment and workflows.
The FieldAI partnership could also strengthen Caterpillar Inc. (NYSE:CAT)'s autonomous opportunity in construction. Caterpillar already has extensive experience with autonomous mining equipment, but construction presents a potentially much larger and more complex opportunity.
The biggest opportunity could come from deploying autonomous equipment at smaller, dynamic construction sites, where unpredictable environments and changing workflows make automation more difficult.
#autonomous #fieldai #Opportunity #push
The partnership could help accelerate Caterpillar's transition beyond the traditional sale of heavy equipment toward AI-enabled autonomous industrial systems. FieldAI is a potentially valuable partner because its AI models are designed to help robots perceive, understand, and navigate complex, unpredictable environments.
Caterpillar could combine FieldAI's technology with its equipment-engineering expertise and operational data to improve autonomous operations in challenging environments. Over time, the collaboration could complement Caterpillar's broader push toward increasingly autonomous equipment and workflows.
The FieldAI partnership could also strengthen Caterpillar Inc. (NYSE:CAT)'s autonomous opportunity in construction. Caterpillar already has extensive experience with autonomous mining equipment, but construction presents a potentially much larger and more complex opportunity.
The biggest opportunity could come from deploying autonomous equipment at smaller, dynamic construction sites, where unpredictable environments and changing workflows make automation more difficult.
#autonomous #fieldai #Opportunity #push
5 days ago
When a caller inquired about IREN Limited (NASDAQ:IREN) during the lightning round on September 3, Mad Money host Jim Cramer said:
If you're going to do neocloud, you got to do, the only one I like is CoreWeave with Michael Intrator. The others I think are too speculative for me.
The two companies are at different stages of building their AI businesses. CoreWeave, Inc. (NASDAQ:CRWV) reported $2.575 billion of second-quarter revenue, up approximately 112% from a year earlier. Its revenue backlog stood at approximately $104 billion as of June 30, excluding more than $25 billion of additional customer commitments secured in early July. Furthermore, active power reached 1.5 gigawatts, while contracted power rose to approximately 3.7 gigawatts. CEO Michael Intrator said on the company's second-quarter earnings call that "our near-term capacity remains effectively sold out." He also described broadening customer demand and rapidly expanding enterprise adoption.
Meanwhile, IREN Limited's (NASDAQ:IREN) AI Cloud Services revenue reached $128.8 million in fiscal 2026, compared with $16.4 million a year earlier. Total fiscal 2026 revenue was $707 million, including $578.2 million from Bitcoin mining. The company reported $4 billion of contracted AI annualized run rate revenue for 2026 capacity, with $1 billion of operating ARR as of August 26. CEO Daniel Roberts said on August 27 that its 2026 capacity was "largely sold out." Roberts said recent three-year contracts represented more than $20 million of revenue per megawatt and that customer prepayments represented 45%-55% of ****** ociated GPU capital expenditures.
CoreWeave, Inc.'s (NASDAQ:CRWV) capital requirements remain substantial. The company spent $9.4 billion on capital expenditures in the second quarter and raised its 2026 CapEx forecast to $35 billion-$39 billion. It also reported $640 million of net interest expense and a $626 million net loss for the quarter. Total debt stood at $35.6 billion as of June 30.
#billion #revenue
If you're going to do neocloud, you got to do, the only one I like is CoreWeave with Michael Intrator. The others I think are too speculative for me.
The two companies are at different stages of building their AI businesses. CoreWeave, Inc. (NASDAQ:CRWV) reported $2.575 billion of second-quarter revenue, up approximately 112% from a year earlier. Its revenue backlog stood at approximately $104 billion as of June 30, excluding more than $25 billion of additional customer commitments secured in early July. Furthermore, active power reached 1.5 gigawatts, while contracted power rose to approximately 3.7 gigawatts. CEO Michael Intrator said on the company's second-quarter earnings call that "our near-term capacity remains effectively sold out." He also described broadening customer demand and rapidly expanding enterprise adoption.
Meanwhile, IREN Limited's (NASDAQ:IREN) AI Cloud Services revenue reached $128.8 million in fiscal 2026, compared with $16.4 million a year earlier. Total fiscal 2026 revenue was $707 million, including $578.2 million from Bitcoin mining. The company reported $4 billion of contracted AI annualized run rate revenue for 2026 capacity, with $1 billion of operating ARR as of August 26. CEO Daniel Roberts said on August 27 that its 2026 capacity was "largely sold out." Roberts said recent three-year contracts represented more than $20 million of revenue per megawatt and that customer prepayments represented 45%-55% of ****** ociated GPU capital expenditures.
CoreWeave, Inc.'s (NASDAQ:CRWV) capital requirements remain substantial. The company spent $9.4 billion on capital expenditures in the second quarter and raised its 2026 CapEx forecast to $35 billion-$39 billion. It also reported $640 million of net interest expense and a $626 million net loss for the quarter. Total debt stood at $35.6 billion as of June 30.
#billion #revenue
6 days ago
The Philadelphia Eagles issued their second official injury report of the week on Thursday in advance of their Week 1 game against the Washington Commanders.
The Eagles listed two players under LIMITED PARTICIPATION: Jonathan Greenard and Eli Stowers.
The Eagles are said to be determining Greenard's availability based on how he fares in practice this week. Two days of him being limited doesn't necessarily preclude him from playing … but they'd probably like to see him get at least one full session in before he suits up. So, we'll see how things go for Friday's final injury report.
Eagles edge rusher Jonathan Greenard said he does not know if he will play Sunday (“That’s up to (the coaches)”)
He called his pec injury “one of them freak things” that happened while working out.
“Thank God I didn’t need surgery.”
“Obviously it's not 100 (percent), but in a…
"We're close, I know that."
Asked #Eagles edge rusher Jonathan Greenard if he will play Sunday against the Commanders and he said that will be a coaches decision.
Greenard said his pec injury came from lifting weights and was a "freak injury" pic.twitter.com/GxKWpgo2aM
#Eagles #injury
The Eagles listed two players under LIMITED PARTICIPATION: Jonathan Greenard and Eli Stowers.
The Eagles are said to be determining Greenard's availability based on how he fares in practice this week. Two days of him being limited doesn't necessarily preclude him from playing … but they'd probably like to see him get at least one full session in before he suits up. So, we'll see how things go for Friday's final injury report.
Eagles edge rusher Jonathan Greenard said he does not know if he will play Sunday (“That’s up to (the coaches)”)
He called his pec injury “one of them freak things” that happened while working out.
“Thank God I didn’t need surgery.”
“Obviously it's not 100 (percent), but in a…
"We're close, I know that."
Asked #Eagles edge rusher Jonathan Greenard if he will play Sunday against the Commanders and he said that will be a coaches decision.
Greenard said his pec injury came from lifting weights and was a "freak injury" pic.twitter.com/GxKWpgo2aM
#Eagles #injury
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6 days ago
After examining the biggest causes for concern in the 2026 season, let's spin positive and discuss the reasons to be optimistic about the Green Bay Packers this year as they look to mount a Super Bowl bid.
Here are the five most important factors that should give fans confidence entering the new season:
Matt LaFleur said it best when asked for the umpteenth time this year what Love can do to take 'the next step' in 2026.
He replied with more than a hint of frustration: "I get so confused by that question every time because I think he's an elite player, so I don't know. I'll let you guys figure out what the next step is."
Green Bay's head coach said he knew Love was in that top tier of quarterbacks in the second half of 2023, which is certainly when it all seemed to click for him. After an injury-riddled 2024, Love set the benchmark for which his future seasons will be measured by in 2025.
#season #bowl
Here are the five most important factors that should give fans confidence entering the new season:
Matt LaFleur said it best when asked for the umpteenth time this year what Love can do to take 'the next step' in 2026.
He replied with more than a hint of frustration: "I get so confused by that question every time because I think he's an elite player, so I don't know. I'll let you guys figure out what the next step is."
Green Bay's head coach said he knew Love was in that top tier of quarterbacks in the second half of 2023, which is certainly when it all seemed to click for him. After an injury-riddled 2024, Love set the benchmark for which his future seasons will be measured by in 2025.
#season #bowl
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6 days ago
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) traded at 2.08p, up 12%, on Wednesday after completing its KSK sale and approved a $93 million special dividend.
The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
The board approved approximately $0.0268 per share after reviewing transaction costs and ongoing funding requirements, in line with its previously stated distribution plans.
Asiamet expects to pay the dividend in sterling on 29 September to shareholders on the register at close of business on 15 September 2026.
Ahead of payment, the miner plans to convert the dividend funds into sterling and announce the exchange rate, which will determine the payout per share.
#limited #million #Share
The miner received $104.9 million from Norin Mining (Hong Kong) Limited for Indokal Limited, the subsidiary holding its entire interest in the KSK project.
The board approved approximately $0.0268 per share after reviewing transaction costs and ongoing funding requirements, in line with its previously stated distribution plans.
Asiamet expects to pay the dividend in sterling on 29 September to shareholders on the register at close of business on 15 September 2026.
Ahead of payment, the miner plans to convert the dividend funds into sterling and announce the exchange rate, which will determine the payout per share.
#limited #million #Share
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6 days ago
TeraWulf fell 4% to $16.50, APLD dropped 3%, and IREN slid 2%, all on broad profit-taking after strong YTD gains with no new company catalysts.
The Bitcoin mining ETF WGMI dropped 4% while QQQ fell just 0.4%, confirming the selloff is a group rotation, not broad tech weakness.
Paul Meeks initiated TeraWulf with a Buy and $19 target, while a 20-year Anthropic deal worth $19 billion in contracted revenue remains fully intact.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Iren didn't make the cut. Enter your email to see the names that beat IREN. The report is free. Enter your email and see if any of your stocks made the cut.
Shares of TeraWulf (NASDAQ:WULF) are down 4% to $16.50 in Thursday's midday session, trimming a slice of what's been a 43.6% year-to-date advance for the stock. The pullback is showing up across the miner-turned-AI-infrastructure cohort, and there's no fresh company disclosure to pin it on.
#enter #broad
The Bitcoin mining ETF WGMI dropped 4% while QQQ fell just 0.4%, confirming the selloff is a group rotation, not broad tech weakness.
Paul Meeks initiated TeraWulf with a Buy and $19 target, while a 20-year Anthropic deal worth $19 billion in contracted revenue remains fully intact.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Iren didn't make the cut. Enter your email to see the names that beat IREN. The report is free. Enter your email and see if any of your stocks made the cut.
Shares of TeraWulf (NASDAQ:WULF) are down 4% to $16.50 in Thursday's midday session, trimming a slice of what's been a 43.6% year-to-date advance for the stock. The pullback is showing up across the miner-turned-AI-infrastructure cohort, and there's no fresh company disclosure to pin it on.
#enter #broad
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8 days ago
Fantasy Football Wide Receiver Rankings: Week 1 2026 appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Week 1 of the 2026 NFL season is finally here, which means fantasy football managers have some difficult lineup decisions to make right out of the gate.
Sleeper's projections are a useful starting point, but projections don't tell the entire story. Matchups, target volume, touchdown upside, and gut feeling all play a role in determining who deserves to start. My rankings don't perfectly align with Sleeper's projections, but there is plenty of agreement.
Here are my top 32 fantasy football wide receivers for Week 1, counting down to the player I expect to lead the position in fantasy points.
Watch sports LIVE with fuboTV (free trial)
#week #projections #clutchpoints #wide
Week 1 of the 2026 NFL season is finally here, which means fantasy football managers have some difficult lineup decisions to make right out of the gate.
Sleeper's projections are a useful starting point, but projections don't tell the entire story. Matchups, target volume, touchdown upside, and gut feeling all play a role in determining who deserves to start. My rankings don't perfectly align with Sleeper's projections, but there is plenty of agreement.
Here are my top 32 fantasy football wide receivers for Week 1, counting down to the player I expect to lead the position in fantasy points.
Watch sports LIVE with fuboTV (free trial)
#week #projections #clutchpoints #wide
8 days ago
Phoebe Bridgers embraced her natural beauty while stepping out at the Venice Film Festival with unshaven legs.
In pictures published in an article by Vogue, the singer, 32, confidently showed off her natural body hair while posing in a Gucci skirt at a press event for her new film, Primetime, on Saturday, September 5.
Bridgers appeared alongside costars Robert Pattinson and Bokeem Woodbine, but her decision to ditch the razor attracted plenty of attention of its own, with social media users praising the musician for confidently displaying something completely natural.
"Rather than undermining the femininity of the look, unapologetic hair sharpened it," the outlet wrote in their article which was published Sunday, September 6, while one X user noted, "this is literally so rare for public figures omg…. queen."
Added another, "The people yearn for the normalisation of body hair on women!!"
#film #confidently
In pictures published in an article by Vogue, the singer, 32, confidently showed off her natural body hair while posing in a Gucci skirt at a press event for her new film, Primetime, on Saturday, September 5.
Bridgers appeared alongside costars Robert Pattinson and Bokeem Woodbine, but her decision to ditch the razor attracted plenty of attention of its own, with social media users praising the musician for confidently displaying something completely natural.
"Rather than undermining the femininity of the look, unapologetic hair sharpened it," the outlet wrote in their article which was published Sunday, September 6, while one X user noted, "this is literally so rare for public figures omg…. queen."
Added another, "The people yearn for the normalisation of body hair on women!!"
#film #confidently
8 days ago
Oracle (ORCL) has enough on its plate heading into earnings week. Now Brussels wants a word.
European antitrust regulators are quietly examining how Oracle licenses its software, and the timing could hardly be more inconvenient for shareholders.
The stock trades near $158.78, down about 19% so far in 2026 and roughly 54% below its 52-week high of $345.72.
Investors were already nervous about Oracle's debt-heavy artificial intelligence (AI) buildout. This regulatory question adds to the list of worries.
The European Commission is gathering information from Oracle's customers and rivals to decide whether its cloud software terms unfairly lock clients in, Reuters reported.
#european #enough
European antitrust regulators are quietly examining how Oracle licenses its software, and the timing could hardly be more inconvenient for shareholders.
The stock trades near $158.78, down about 19% so far in 2026 and roughly 54% below its 52-week high of $345.72.
Investors were already nervous about Oracle's debt-heavy artificial intelligence (AI) buildout. This regulatory question adds to the list of worries.
The European Commission is gathering information from Oracle's customers and rivals to decide whether its cloud software terms unfairly lock clients in, Reuters reported.
#european #enough
8 days ago
Australia's Tax Practitioners Board (TPB) has cancelled the registration of C&N Southwest Sydney after finding serious breaches in professional conduct and determining that the company no longer met registration requirements.
The tax watchdog's investigation concluded that C&N Southwest Sydney director Elle Ristevski, along with de facto and shadow director Peter Ristevski, were no longer "fit and proper persons", a statement said.
According to the TPB, the Sydney-based company violated 12 provisions of the code of professional conduct.
The investigation found evidence that the business gave false or misleading information to the TPB during its inquiries.
The board also found that false or misleading information had been supplied to the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO). The information was used to support clients in appointing 'straw directors'.
#ristevski #australian #board #registration
The tax watchdog's investigation concluded that C&N Southwest Sydney director Elle Ristevski, along with de facto and shadow director Peter Ristevski, were no longer "fit and proper persons", a statement said.
According to the TPB, the Sydney-based company violated 12 provisions of the code of professional conduct.
The investigation found evidence that the business gave false or misleading information to the TPB during its inquiries.
The board also found that false or misleading information had been supplied to the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO). The information was used to support clients in appointing 'straw directors'.
#ristevski #australian #board #registration
8 days ago
Applied Digital (NASDAQ:APLD) primarily generates its revenue by operating centralized digital infrastructure campuses and providing dedicated computing services designed for high-performance workloads across the North American region.
It recently signed an additional facility lease for a new campus and secured supplemental credit financing for ongoing construction, while reporting an operating margin of -45% for the quarter ended May 31, 2026.
IREN (NASDAQ:IREN) earns the majority of its ongoing revenue by managing vertically integrated data center facilities and actively mining digital **** ets across its international infrastructure footprint.
While integrating a newly acquired European data center developer and closing the purchase of cloud software provider Mirantis, it recorded an operating margin of -452% for the quarter ended June 30, 2026.
Revenue serves as a primary starting point for investors to evaluate a corporation's ability to attract paying clients and generate gross business volume before standard operational expenses, local taxes, or daily administrative costs are finally subtracted. For neocloud operations such as Applied Digital and IREN, revenue growth is essential to understanding if their costly artificial intelligence infrastructure buildouts are paying off.
#applied #across
It recently signed an additional facility lease for a new campus and secured supplemental credit financing for ongoing construction, while reporting an operating margin of -45% for the quarter ended May 31, 2026.
IREN (NASDAQ:IREN) earns the majority of its ongoing revenue by managing vertically integrated data center facilities and actively mining digital **** ets across its international infrastructure footprint.
While integrating a newly acquired European data center developer and closing the purchase of cloud software provider Mirantis, it recorded an operating margin of -452% for the quarter ended June 30, 2026.
Revenue serves as a primary starting point for investors to evaluate a corporation's ability to attract paying clients and generate gross business volume before standard operational expenses, local taxes, or daily administrative costs are finally subtracted. For neocloud operations such as Applied Digital and IREN, revenue growth is essential to understanding if their costly artificial intelligence infrastructure buildouts are paying off.
#applied #across
8 days ago
CNBC reported on August 27, 2026, that BitGo Holdings, Inc. (NYSE:BTGO) will acquire the institutional trading business of NYDIG, adding derivatives, structured products, financing, and other capital markets services to its existing custody, settlement, and wallet infrastructure.
About 30 NYDIG employees and roughly 250 institutional client relationships will join BitGo, according to a person close to the matter; a regulatory filing put the deal's total consideration at about $42.5 million, mostly in BitGo stock. BitGo, which went public earlier this year and has a market value under $1 billion, is expanding its institutional capabilities. NYDIG said it will instead focus on power generation, Bitcoin mining, and high-performance computing data centers, where its development pipeline already exceeds 3 gigawatts.
Source: Unsplash
The deal moves BitGo toward a more complete, higher-margin institutional platform. CEO Mike Belshe said institutions want a partner supporting the "full lifecycle of digital ****** ets, from custody and trading to financing and settlement," and adding derivatives and structured products allows BitGo Holdings, Inc. (NYSE:BTGO) to capture more of that lifecycle from each client. This expanded service could help BitGo make more money from its current institutional clients
The timing aligns with a recent crypto market rebound rather than a speculative bet on a future recovery, while BitGo gains an immediate institutional client base. Bitcoin had recently topped $80,000 after months of weak trading volume, while roughly 250 institutional client relationships and about 30 experienced staff will transfer to BitGo. Building that scale organically could take years.
#holdings #adding
About 30 NYDIG employees and roughly 250 institutional client relationships will join BitGo, according to a person close to the matter; a regulatory filing put the deal's total consideration at about $42.5 million, mostly in BitGo stock. BitGo, which went public earlier this year and has a market value under $1 billion, is expanding its institutional capabilities. NYDIG said it will instead focus on power generation, Bitcoin mining, and high-performance computing data centers, where its development pipeline already exceeds 3 gigawatts.
Source: Unsplash
The deal moves BitGo toward a more complete, higher-margin institutional platform. CEO Mike Belshe said institutions want a partner supporting the "full lifecycle of digital ****** ets, from custody and trading to financing and settlement," and adding derivatives and structured products allows BitGo Holdings, Inc. (NYSE:BTGO) to capture more of that lifecycle from each client. This expanded service could help BitGo make more money from its current institutional clients
The timing aligns with a recent crypto market rebound rather than a speculative bet on a future recovery, while BitGo gains an immediate institutional client base. Bitcoin had recently topped $80,000 after months of weak trading volume, while roughly 250 institutional client relationships and about 30 experienced staff will transfer to BitGo. Building that scale organically could take years.
#holdings #adding
