LATEST: 📈 HIVE posted a record $93.1 million in Q3 revenue, a 219% YoY increase despite lower Bitcoin prices and rising network difficulty, and signed a new $30 million AI computing contract. https://t.co/LrMAjoVPiZ ...

Core Insights - TenX Protocols, a blockchain infrastructure company, will begin trading on the TSX Venture Exchange on December 10 under the ticker symbol "TNX" following a successful financing round of C$29.9 million ($22 million) [1] - The total capital raised by the company this year exceeds C$33 million, which includes a C$3.5 million seed round completed in March [1] Financing Details - Subscription receipts, a common Canadian financing tool, were utilized to raise funds before the completion of the go-public transaction, allowing investors to convert their receipts into shares once the deal closes [2] - The financing included brokered and non-brokered private placements priced at C$0.75 per subscription receipt, with part of the proceeds contributed in digital assets such as SOL, SEI, and USDC [3] Investment Strategy - The company plans to use the proceeds to purchase tokens from high-throughput blockchain networks and stake them to secure those networks, as well as to invest in its own infrastructure products and services [3] Investor Participation - Notable investors in the financing round include Borderless Capital, BONK Contributors, DeFi Technologies, HIVE Blockchain Technologies, and Chorus One [4] - Alex Tapscott, an adviser to TenX Protocols, highlighted Canada's role in bridging the crypto world to a broader investor audience through public markets [4] Market Position - TenX provides public-market exposure to staking and validator activities across networks such as Solana, Sui, and Sei, along with treasury management and related services [4]

Bitcoin miner HIVE reports 'record' revenue as BTC production jumps https://t.co/LxaAOjc9GY ...

Economic Impact - The ongoing government shutdown is projected to cost the U.S. economy up to $14 billion, equivalent to a 2 percentage point hit to GDP [2] - U.S. businesses and consumers are facing an average tariff rate of 18%, the highest in about 90 years, leading to an estimated income loss of around $1,800 per household this year [3] - Consumers are shouldering most of the tariffs, with American households responsible for about 55% of the new levies [4] Consumer Spending Trends - Record spending on Halloween is anticipated, with Americans expected to spend $13.1 billion this year, up from $11.6 billion last year [5] - Preliminary data suggests U.S. households will spend 4% less on gifts and 12% less on other items for Christmas compared to last year due to tariffs [6] Cocoa Market Dynamics - Cocoa prices have spiked due to plant disease and drought in West Africa, with futures prices reaching as high as $12,000 per metric ton [6] - Major chocolatiers have announced higher prices for chocolate products and have reformulated recipes to reduce cocoa content [7][8] - European chocolate manufacturers are expected to see a decline in operating margins this year due to increased competition and reduced demand for cocoa-containing products [10] Market Performance and Investor Sentiment - The S&P 500 has spent over 125 trading sessions above its 50-day moving average, the longest stretch since 2011, driven by enthusiasm over artificial intelligence [12] - Historical data suggests that stocks tend to outperform from November to April, with an average return of 7% during this period since 1945 [13] - If the S&P 500 is up more than 15% year-to-date by the end of October, stocks have finished higher in November and December 95% of the time [14]

Core Viewpoint - China's recent restrictions on rare earth exports signify a strategic shift in the global supply chain for critical minerals, potentially igniting a new "gold rush" in the West as countries seek to secure their own supplies [2][20]. Industry Overview - China currently dominates the rare earth market, controlling approximately 70% of global mining, 92% of refining, and 98% of magnet production [5]. - The 17 rare earth elements (REEs) are essential for various modern technologies, including electric vehicles, defense systems, and consumer electronics [4]. Recent Developments - Starting December 1, 2023, companies exporting goods with over 0.1% of their value from Chinese-sourced rare earths must obtain a government license, marking the most extensive export ban in China's history [7]. - The new regulations also impact supply chains linked to foreign defense contractors, affecting advanced weapon systems like the F-35, which relies on significant amounts of rare earths [8]. Market Reaction - Following China's announcement, rare earth stocks have surged, particularly those of Lynas Rare Earths, Iluka Resources, and MP Materials, the largest rare earth miner in the U.S. [11]. Government Initiatives - The U.S. Department of Defense has made a $400 million equity investment in MP Materials to secure a stable supply of neodymium-praseodymium magnets for defense applications [12]. - The U.S. and Australia have signed a Critical Minerals Framework Agreement, committing at least $1 billion to enhance processing capacity and reduce reliance on Chinese supplies [13]. Future Outlook - The current situation may lead to a new resource supercycle in critical minerals, driven by bipartisan support for reshoring and significant capital investments [20]. - Historical precedents, such as the U.S. semiconductor industry's recovery in the 1990s, suggest that the U.S. could regain its footing in the rare earth sector if it maintains its strategic focus [18][19].

Group 1 - The U.S. government has been in a shutdown since October 1, marking the first shutdown since 2019, primarily due to political gridlock over funding issues [1] - Frank Holmes is a notable figure in the investment community, serving as CEO and chief investment officer of U.S. Global Investors, which manages over $4 billion in assets [1] - Holmes is recognized for his expertise in gold and precious metals, as well as for launching innovative investment products [1] Group 2 - Holmes also holds the position of executive chairman at HIVE Blockchain Technologies, the first publicly traded cryptocurrency mining company [1]

HIVE to expand bitcoin mining capacity in Paraguay as 'one of the few BTC miners still growing hash rate' https://t.co/XpgUacet2J ...

Industry Perspective - The 21st century's most important commodity is compute, crucial for activities like Bitcoin mining and AI model training [1] - Investors who understood energy in the 20th century built massive fortunes, suggesting a similar potential for those understanding compute in this century [1] Company Mention - HIVE Blockchain Technologies' Frank Holmes highlights the importance of compute in the modern era [1]

Inside Look at the HIVE Hydroelectric Bitcoin Mine https://t.co/PQtyGBUN0H ...

Core Insights - The U.S. is entering a new era of industrial policy centered around artificial intelligence (AI), with significant government backing and private investment [1][2][3] - An executive order signed by President Trump has prioritized AI data centers and related infrastructure, indicating a shift in U.S. manufacturing and energy policy [3][4] - The potential for investment in AI infrastructure is substantial, with estimates suggesting a $6.7 trillion global price tag by 2030, primarily for facilities handling AI workloads [7] Government Policy and Investment - The executive order aims to streamline the development of large-scale AI data centers, particularly those consuming over 100 megawatts of power, facilitating faster permitting and regulatory processes [4][5] - Projects with capital expenditures of $500 million or more will be fast-tracked, signaling a strong push from the government for rapid development in the tech industry [5] - Over $90 billion in new private capital pledges for AI and energy infrastructure has been announced, including significant contributions from major firms like Alphabet and Blackstone [5][6] Market Dynamics and Trends - AI startups in the U.S. raised $104 billion in the first half of 2025, indicating a surge in venture capital investment, which represents over 60% of all venture capital raised nationwide [9] - The demand for electricity driven by AI data centers is projected to increase by 165% by 2030, necessitating a significant expansion in power sector workforce [8] - The American Investment Council reports over $1 trillion has been invested in AI infrastructure since 2020, covering various sectors from data centers to clean energy projects [11] Adoption and Future Outlook - Current AI adoption among American companies stands at 9.2%, showing rapid growth compared to previous years, suggesting that the technology is still in its early stages of integration [12][13] - The coordinated government push for AI development is reminiscent of historical industrial revolutions, indicating potential for generational investment opportunities [14][15]