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Block Launches Bitcoin Mining Hardware and Software
PYMNTS.com· 2025-08-15 01:53
Core Insights - Block has launched new bitcoin mining hardware and software aimed at decentralizing and streamlining the bitcoin mining process [1][2] Product Overview - The new hardware, Proto Rig, is a modular bitcoin mining system that allows operators to upgrade individual hashboards quickly and without tools [2][3] - Proto Rig is positioned as a "10-year infrastructure investment" rather than a short-term asset [3] - The new software, Proto Fleet, is a free and open-source fleet management tool that integrates various functionalities historically requiring separate software [3][4] Operational Efficiency - Proto Fleet aims to help bitcoin miners streamline operations, maximize uptime, and reduce troubleshooting time [4] - The software is designed to modernize mining operations and improve efficiency [4] Strategic Focus - Block is transitioning resources towards its Bitkey self-custody bitcoin wallet service and bitcoin mining projects [4] - The company emphasizes making bitcoin more accessible and secure for everyday use [5] - Block's suite of products is focused on decentralizing the supply of mining hardware and the distribution of hashrate [5]
Angkor Resources Advances Seismic Program With Enercam's Oil & Gas Block VIII, Cambodia
Thenewswire· 2025-08-14 12:50
Core Viewpoint - ANGKOR RESOURCES CORP. is advancing its subsidiary EnerCam Resources Co. Ltd.'s seismic project in Cambodia's Block VIII, aiming to discover the country's first onshore oil and gas reserves, which could significantly impact the nation's energy independence and economic growth [1][2]. Project Overview - EnerCam is conducting a 2-D seismic survey in Block VIII, which is essential for defining drill targets and proving the commercial viability of oil and gas in Cambodia [1][2]. - The seismic program involves 350-line kilometers of two-dimensional seismic across four identified sub-basins, with plans to explore a newly described 'mussel basin' [7]. Technical Execution - The seismic program employs 53 personnel to deploy geophones and data recorders, ensuring efficient data collection and processing [5]. - The technical team aims to average about nine kilometers of seismic data collection per day, with initial data showing promising results despite weather challenges [6]. Local Impact and Observations - The geoscience team has observed abandoned water wells contaminated by oil seepage, indicating potential hydrocarbon presence in the area [4]. - Local residents and business owners have been engaged during the seismic operations, highlighting community involvement and support for the project [4]. Company Background - ANGKOR RESOURCES CORP. is a public company listed on the TSX-Venture Exchange, focusing on resource optimization in Cambodia and Canada, including mineral exploration and energy solutions [15].
CGX Energy Files Second Quarter Financial Statements, Announces Impairment of the Corentyne Block, and Changes to the Board of Directors
Newsfile· 2025-08-14 03:19
Core Viewpoint - CGX Energy Inc. reported a significant impairment loss of $56.4 million on its exploration and evaluation assets related to the Corentyne Block due to uncertainties arising from the Government of Guyana's conduct and communications [2][4]. Financial Performance - The impairment loss of $56.4 million was recognized in the income statement, reducing the carrying value of the Corentyne exploration and evaluation asset to $Nil as of June 30, 2025, down from $56.2 million as of December 31, 2024 [4]. Government Relations - The Government of Guyana's unwillingness to recognize the rights of the Joint Venture, which includes Frontera Energy Guyana Corp. and CGX Resources Inc., has restricted the Company's ability to develop activities under existing licenses and agreements [3][4]. - Despite the impairment, the Joint Venture maintains that its interests in the Corentyne block remain valid and that the Petroleum Agreement has not been terminated [5]. Board Changes - Dr. Suresh Narine has resigned from his positions as Executive Director and Executive Co-Chairman of the Board to pursue academic endeavors, prompting the search for a new Chief Executive Officer [6]. - Alejandra Bonilla and René Burgos Diaz have been appointed as new directors, and Orlando Cabrales has been elected as the Chairman of the Board [7][11]. Director Profiles - Alejandra Bonilla has over 20 years of experience in the oil and gas industry and has held various roles at Frontera Energy Corporation [9]. - René Burgos Díaz, the Chief Financial Officer of Frontera since June 2022, has extensive experience in corporate finance and operational leadership within the energy sector [10].
New Stratus Energy Announces Formal Application for Block 192 in Peru
Newsfile· 2025-08-13 21:30
Core Viewpoint - New Stratus Energy Inc. has submitted a formal application to operate and invest in the further development of Block 192 in Peru, awaiting a decision from the Government of Peru [1][2]. Group 1: Company Operations - The technical team at New Stratus previously operated Block 192 from 2015 to 2021, achieving a peak production of over 15,000 barrels of oil equivalent per day of 18° API oil [2]. - In 2019, Perupetro estimated the proved plus probable reserves at approximately 87.14 million barrels for Block 192 [2]. - The Block has been shut in since 2021 as the Government of Peru determines the appropriate partnership for restoring production and developing reserves sustainably [2]. Group 2: Future Developments - New Stratus Energy will provide further details on the application process as they become available [3]. - The company is reliant on the bidding process and the receipt of necessary approvals for the operation of Block 192 [5].
H&R Block Analysts Lower Their Forecasts Following Q4 Results
Benzinga· 2025-08-13 19:18
Financial Performance - H&R Block reported fourth-quarter earnings of $2.27 per share, missing the analyst consensus estimate of $2.83 per share [1] - The company reported quarterly sales of $1.111 billion, exceeding the analyst consensus estimate of $1.075 billion [1] Future Guidance - For FY2026, H&R Block expects adjusted EPS of $4.85-$5.00 per share, below market estimates of $5.25 [2] - The company anticipates revenue of $3.875 billion to $3.895 billion, compared to projections of $3.725 billion [2] Strategic Initiatives - The CEO highlighted meaningful progress in the company's transformation journey, emphasizing strong revenue growth, disciplined capital allocation, and innovation in client offerings [3] - Future efforts will focus on engaging clients with complex needs, expanding small business reach, and leveraging technology and AI for enhanced business efficiencies [3] Stock Performance - Following the earnings announcement, H&R Block shares fell 4.8% to trade at $49.03 [3] Analyst Ratings - Goldman Sachs analyst maintained a Sell rating and lowered the price target from $54 to $48 [6] - Barrington Research analyst maintained an Outperform rating and reduced the price target from $70 to $62 [6]
H&R Block's Q4 Earnings Miss Estimates, Improve Year Over Year
ZACKS· 2025-08-13 16:45
Core Insights - H&R Block, Inc. (HRB) reported mixed results for Q4 of fiscal 2025, with earnings missing estimates while revenues exceeded expectations [1][9] - Adjusted earnings per share (EPS) were $2.27, falling short of the Zacks Consensus Estimate by 19.2% but showing a year-over-year increase of 20.1% [1][9] - Total revenues reached $1.11 billion, surpassing the Zacks Consensus Estimate by 3.7% and increasing 4.6% year over year [1][9] Financial Performance - Revenues from U.S. tax preparation and related services amounted to $975.5 million, reflecting a 5% year-over-year growth [5] - Financial services revenues totaled $16.1 million, down 14.6% year over year [5] - International revenues increased by 1.3% to $89.9 million, while Wave revenues surged 14.4% to $29.54 million [5] Balance Sheet and Cash Flow - At the end of fiscal 2025, H&R Block had cash and cash equivalents of $210.28 million and total cash of $983.28 million [6] - Long-term debt decreased to $1.14 billion from $1.49 billion in the previous year [6] - The company utilized $680.89 million in cash for operating activities, with capital expenditures of $82.03 million [6] Fiscal 2026 Outlook - For fiscal 2026, H&R Block anticipates revenues between $3.875 billion and $3.895 billion, with the Zacks Consensus Estimate at $3.72 billion [7] - The company expects adjusted EPS in the range of $4.85 to $5.00, while the Zacks Consensus Estimate stands at $5.22 [7] - Projected EBITDA is between $1.015 billion and $1.035 billion, with an expected effective tax rate of 25% [7] Stock Performance - H&R Block shares have declined by 9.5% over the past year, outperforming the industry average decline of 12.8% [4]
Locksley To Expand Exploration of Rare Earths Potential in Mojave North Block
Prnewswire· 2025-08-13 13:06
Company Overview - Locksley Resources Limited is an Australian-based explorer focused on critical minerals and base metals, with assets in both the United States and Australia [5] - The Mojave Project in California targets rare earth elements (REEs) and antimony, comprising more than 250 claims [5] - The North Block area of the Mojave Project is adjacent to claims held by MP Materials, the only operating rare earths mine in the U.S. [5] Recent Developments - The company announced an expanded geological and structural mapping program within the North Block of the Mojave Project, set to commence later this month [2] - The new mapping program aims to build on knowledge from a recent structural mapping program at the Desert Antimony Prospect and will include regional mapping for REE mineralization [2][4] - The program is expected to provide additional field data that may identify new REE targets for follow-up later in the year [4] Strategic Importance - The mapping target areas complement the established prospect at El Campo, which has high-grade rock chip results of up to 12.1% Total Rare Earth Oxides (TREO) and Neodymium/Praseodymium (Nd/Pr) ratios of up to 3.19% [3] - The recent strategic investments by the U.S. Department of Defense and Apple in MP Materials underscore the importance of critical minerals located within the U.S. [3] - The geopolitical urgency to diversify supply chains away from China enhances the strategic positioning of the Mojave Project in alignment with U.S. objectives for critical mineral independence and economic security [5] Future Plans - The company is planning focused magnetic, radiometric, and gravity surveys to provide high-resolution data sets for target refinement and prioritization [6] - Four priority areas will be mapped, with two focusing on REE potential within the North Block and two targeting extensions from mineralization identified at the Desert Antimony Prospect [6] - The North Block offers significant potential for further polymetallic discoveries across its underexplored 20 square kilometers, expanding the critical minerals footprint of the Mojave Project [6]
X @The Block
The Block· 2025-08-12 02:34
Ark Invest buys $19 million worth of Block Inc. shares as stock hits three-week low https://t.co/jwEBwNP6Xa ...
X @Bitcoin Archive
Bitcoin Archive· 2025-08-11 21:13
JUST IN: Jack Dorsey’s Block is rolling out a full range of Bitcoin banking tools for small businesses 🚀 https://t.co/cRvpuee69u ...
ExxonMobil Brings Fourth FPSO Online, Boosts Stabroek Block Output
ZACKS· 2025-08-11 15:06
Group 1 - Exxon Mobil Corporation has commenced production at the Yellowtail development in the Stabroek Block, offshore Guyana, with the One Guyana FPSO contributing to a total capacity exceeding 900,000 barrels of oil per day [1][9] - The One Guyana FPSO, the largest in the Stabroek Block, has a production capacity of approximately 250,000 barrels per day and can store up to 2 million barrels of crude [2] - The start of production from the fourth FPSO is a significant milestone for ExxonMobil and its partners, moving closer to a target production capacity of 1.7 million barrels of oil equivalent per day by 2030 [4] Group 2 - The Stabroek Block is operated by a consortium including ExxonMobil, Hess Corporation, and China's CNOOC, with Chevron Corporation now having access to its vast reserves following the acquisition of Hess [3] - The crude oil produced from the One Guyana FPSO will be marketed as "Golden Arrowhead" crude [3] - The Stabroek Block has become one of the most prolific hydrocarbon-producing regions in Latin America, significantly enhancing profits for ExxonMobil and its partners [4]