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Why Iren Limited Stock Surged Over 25% This Week
Yahoo Finance· 2025-09-11 20:17
Group 1 - The artificial intelligence (AI) sector has seen significant activity, highlighted by a major deal between Microsoft and Nebius Group for AI cloud infrastructure [1][4] - Iren Limited's stock has surged approximately 80% over the past month, with a notable increase of nearly 26% this week [2] - Iren Limited is expanding its AI cloud graphics processing unit (GPU) capacity, leveraging revenue from its Bitcoin mining operations [5][10] Group 2 - Iren Limited reported about $500 million in fiscal 2025 revenue and anticipates more than doubling that in the current fiscal year [6] - The company plans to increase its operational GPUs from approximately 1,900 to 10,900 in the coming months [6] - Iren is pursuing three data center projects, including a transition from crypto mining to AI in British Columbia, indicating a strategic shift towards the AI cloud market [7][10] Group 3 - Iren sees potential to operate with 20,000 GPUs and aims for a future capacity of up to 60,000 GPUs [8] - The recent Microsoft-Nebius deal has reinforced Iren's outlook on the AI cloud market [7] - Despite its growth plans, Iren will require additional financing to fully realize its expansion strategy [7][10]
Mueller Water Products to Participate in the RBC Capital Markets Global Industrials Conference
Globenewswire· 2025-09-11 20:17
Core Viewpoint - Mueller Water Products, Inc. will participate in the RBC Capital Markets Global Industrials Conference on September 17, 2025, to engage with investors [1]. Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for the transmission, distribution, and measurement of water in North America [3]. - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [3]. - The company aims to help municipalities enhance operational efficiencies, improve customer service, and prioritize capital spending, positioning itself as "Where Intelligence Meets Infrastructure" [3]. Investor Relations - The presentation related to the conference will be available on the Events and Presentations webpage under Investor Relations on the company's website [2].
SEC Pushes Decision on Franklin’s Solana ETF to Nov. 14 as Backlog Grows
Yahoo Finance· 2025-09-11 20:16
The Securities and Exchange Commission (SEC) extended its decision deadline for Franklin Templeton’s Solana and XRP ETF proposals to November 14, using the maximum 60-day extension authority before issuing final rulings. The regulator also postponed BlackRock’s iShares Ethereum Trust staking amendment to October 30, adding 45 days to the original timeline. Source: SEC.gov SEC Needs More Time to Decide SEC filings indicate the agency needs “sufficient time to consider” the proposals without revealing ap ...
Analysts Love This Key AI Stock Trading at an ‘Inflection Point.’ Should You Buy Shares Here?
Yahoo Finance· 2025-09-11 20:15
Twilio (TWLO) has been arguably the most volatile of the software bunch, but new analyst coverage is saying its story is just beginning to round the corner. Rosenblatt Securities initiated coverage with a “Buy” and $140 target and cited Twilio’s “critical importance as the ‘communications backbone for the AI ecosystem’ and the company’s growing focus on shareholder return.” That endorsement sent shares up slightly within last Friday’s premarket movement. The results arrive amid real financial acceleration ...
MS Printing Solutions and JK Group Launch Five Innovative Printers for the Digital Textile Market
Prnewswire· 2025-09-11 20:15
Accessibility StatementSkip Navigation DOWNERS GROVE, Ill., Sept. 11, 2025 /PRNewswire/ -- MS Printing Solutions and JK Group, part of Dover (NYSE: DOV), today announced the launch of five multi-pass (MP) printers designed to heighten performance standards in digital textile printing. Developed on an all-new platform, the MP Series introduces significant advancements in body design, construction architecture, user interface, electronics, print heads, safety and ease of use. The printers provide increased du ...
BigBear.ai Accelerates U.S. Arrivals at Nashville International Airport (BNA)
Businesswire· 2025-09-11 20:15
MCLEAN, Va.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI), a leading provider of mission-ready AI solutions for national security, today announced deployments of Enhanced Passenger Processing (EPP) at the Nashville International Airport® (BNA®) International Arrivals Facility, owned and operated by Metropolitan Nashville Airport Authority (MNAA). With veriScan®, BigBear.ai's biometric technology supporting EPP, U.S. citizens arriving at BNA can now move through customs more quickly and seamlessly,. ...
Team, Inc. Announces Private Placement of Preferred Stock
Globenewswire· 2025-09-11 20:15
Reduces Leverage and Provides Enhanced Financial Flexibility SUGAR LAND, Texas, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has successfully closed on a private placement of preferred stock and warrants to affiliates of Stellex Capital Management L ...
Silver X Mining Announces Bought Deal Life Offering for Gross Proceeds of up to C$10.0 Million
Accessnewswire· 2025-09-11 20:15
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / September 11, 2025 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) ("Silver X" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter on behalf of a syndicate of underwriters including Laurentian Bank Securities (collectively, the "Underwriters") pursuant to which the Underwriters shall pur ...
Farmer Brothers Coffee Reports Fourth Quarter and Full Year Fiscal 2025 Financial Results
Globenewswire· 2025-09-11 20:15
Fiscal year 2025 gross margin increase of 420 basis points year-over-year to 43.5% Reported full year net loss of $14.5 million, increase in year-over-year adjusted EBITDA1 of more than $14 million Fiscal 2025 net sales of $342.3 million FORT WORTH, Texas, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Farmer Brothers Coffee Co. (NASDAQ: FARM), a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today its fourth quarter and full year fiscal 2025 financial results for the period e ...
Aker Horizons ASA: The merger between Aker Horizons Holding AS and AKH HoldCo AS is completed
Prnewswire· 2025-09-11 20:15
Accessibility StatementSkip Navigation FORNEBU, Norway, Sept. 11, 2025 /PRNewswire/ -- Reference is made to the previous announcements made by Aker Horizons ASA (the "Company" or "Aker Horizons") regarding the merger between its subsidiary, Aker Horizons Holding AS ("AKHH"), and AKH HoldCo AS ("AKH HoldCo"), a subsidiary of Aker ASA (the "Merger") and the distribution by the Company of its shares in AKHH as a dividend in-kind in order to enable the Company's shareholders to benefit directly from the Merger ...