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California Nanotechnologies Announces FY2025 Results
Newsfile· 2025-06-26 11:00
Core Insights - California Nanotechnologies Corp. reported revenues of US$6,224,738 for the fiscal year ending February 28, 2025, marking an 87% increase from the previous year [1] - The company experienced a net loss of US$158,333, a significant decline from a net income of US$381,678 in the prior fiscal year, primarily due to non-cash charges related to share purchase warrants [2] - Adjusted EBITDA for the fiscal year was US$2,558,515, a substantial increase of 121% compared to US$1,157,141 in the previous year [6][12] Financial Performance - Revenues for the fiscal quarter ended February 28, 2025, were US$1,147,522, representing a 17% increase year-over-year [6] - Gross margin for the fiscal year was 74%, an improvement from 70% in the previous year, attributed to operational efficiencies [5][12] - The company reported cash flow from operations of US$2,923,881, a dramatic increase of 2,704% compared to US$104,284 in the prior year [12] Business Strategy and Outlook - The CEO stated that the company is entering a new phase aimed at creating predictable and scalable revenues through recurring commercial orders [4] - The company has made significant investments in personnel and equipment, totaling over US$2 million in FY2025, to support future growth [8] - The company aims to diversify its revenue streams and reduce reliance on a single customer, particularly in light of reduced activity from its green steel customer [9][10] Operational Highlights - The increase in revenue was primarily driven by manufacturing services, which generated US$5,316,068, and Spark Plasma Sintering (SPS) equipment deliveries, contributing US$908,670 [4] - The company has improved its balance sheet by fully repaying borrowings from Omni-Lite Industries Canada Inc., enhancing its financial flexibility [11] - The company anticipates fluctuations in gross margin based on the mix of manufacturing services and equipment sales [5]
Metro Celebrates the MVPs of Summer: Ontario Farmers and Producers
Globenewswire· 2025-06-26 11:00
The Grocer is proud to highlight its commitment to supporting local, by celebrating the true MVPs of the season—Ontario farmers and producers who bring the freshest summer items to our tables.Toronto, June 26, 2025 (GLOBE NEWSWIRE) -- This summer, Metro is celebrating the heart of Ontario’s food scene by shining a spotlight on the true MVPs of the season—local farmers and producers who bring fresh, flavourful ingredients to tables across the province. With record levels of interest in Canadian-grown and pro ...
Quarterra Group Announces Start of Leasing at Artemas Apartments
Prnewswire· 2025-06-26 10:20
Core Insights - Quarterra Group, a subsidiary of Lennar Corporation, has launched leasing for Artemas, a mid-rise apartment community in Everett, Massachusetts, featuring 396 apartment homes and 1,500 square feet of retail space [1][2] Company Overview - Quarterra Group focuses on creating long-term value through the development of high-quality multifamily communities across the United States, leveraging institutional scale and local market expertise [8] - The company is expanding its Emblem portfolio, which includes affordably priced communities designed to meet the needs of modern renters while promoting sustainable housing solutions [9] Project Details - Artemas is designed to reflect the vibrant character of Everett, offering amenities such as a rooftop deck with views of Boston, fitness center, resort-style pool, and various communal spaces [3][6] - The community is strategically located near entertainment options, parks, and retail hubs, enhancing the living experience for residents [3][4] Apartment Features - Residents can choose from studio, one-, and two-bedroom floor plans ranging from 561 to 1,481 square feet, with select units offering additional living spaces and luxury finishes [5] - All apartments are equipped with modern amenities, including stainless steel appliances and quartz countertops, with some featuring balconies and walk-in closets [5] Accessibility and Connectivity - Artemas is conveniently located near public transportation options, including the MBTA Orange Line and bus routes, providing easy access to Downtown Boston and surrounding areas [4]
NIP Group Releases Inaugural Sustainability Report for 2024, Charting New Course for the Digital Entertainment Industry
Globenewswire· 2025-06-26 10:00
Core Insights - NIP Group Inc. has published its inaugural sustainability report, highlighting its commitment to corporate governance, sustainable development, and social value creation in the digital entertainment sector following its IPO in July 2024 [1][2] Group 1: Sustainability Report Highlights - The 2024 sustainability report is the first comprehensive report of its kind in the global esports industry, emphasizing NIP Group's efforts to integrate sustainability into its operations [2] - The report outlines NIP Group's measurable impact across four key pillars: Sound Governance, Diversified Development, People-First, and Esports for Good [3] Group 2: Sound Governance - NIP Group has strengthened corporate governance and compliance, enhancing internal controls and risk management frameworks across its global operations [4] - The company has engaged transparently with stakeholders and joined China's Trust and Integrity Enterprise Alliance, promoting business ethics and accountability [4] Group 3: Diversified Development - NIP Group has expanded its digital entertainment ecosystem, delivering immersive experiences and organizing or co-hosting 100 esports and entertainment events across 255 locations by the end of 2024 [5] - The company entered the game publishing market and formed strategic partnerships, including collaboration with the Abu Dhabi Investment Office [5] Group 4: People-First - NIP Group prioritizes employee well-being and diversity, achieving near gender parity with women comprising 47.8% of its workforce and providing comprehensive training programs [6][7] - The company maintains a 100% return rate from maternity leave and covers all employees with social insurance [6] Group 5: Esports for Good - NIP Group drives positive social impact through youth empowerment programs, environmental stewardship, and charitable initiatives, including disability-inclusive esports training [8] - The company mobilizes fans around sustainability through environmental campaigns and enhances city identities via esports-themed cultural tourism [8]
Beam Global and Platinum Group UAE Sign Joint Venture Agreement Creating Beam Middle East LLC
Globenewswire· 2025-06-26 10:00
SAN DIEGO, June 26, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it has entered into a joint venture agreement with the Platinum Group LLC, based in the United Arab Emirates (UAE). Chaired by His Royal Highness, Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan, the Platinum Group UAE is recognized for its well-established and trusted relationships ...
RETRANSMISSION: HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
Newsfile· 2025-06-26 10:00
Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [2][5] - The company achieved an adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [5][6] - HIVE's digital currency mining revenue decreased by 5.2% year-over-year to $105.2 million, primarily due to the April 2024 Bitcoin halving and increased hash rate difficulty, although offset by a 40% increase in mining hashrate [5][6] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining contributing $105.2 million and HPC revenue at $10.1 million, which saw a 3x growth year-over-year [5][7] - The company mined 1,414 Bitcoin during the fiscal year, contributing to its digital asset holdings valued at $181.1 million, including 2,201 Bitcoin [5][6] - Gross operating margins were reported at $25.1 million, or 21.8% of total revenue, while general and administrative expenses increased to $16.6 million due to global expansion efforts [5][6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, and acquired 300 MW of hydro-powered green energy sites in Paraguay [6][7] - HIVE aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [6][7] - The transition from IFRS to US GAAP is expected to enhance comparability with U.S.-listed peers and support growth ambitions in U.S. capital markets [6][7] Q4 FY2025 Highlights - For Q4 FY2025, total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [7] - The company mined 303 Bitcoin in Q4, a 6% decrease from the previous quarter due to increased hashrate difficulty [7] - Buzz HPC revenue reached a record $3.0 million during the quarter, up 18.5% sequentially, driven by strong demand in high-performance computing markets [7]
HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
Newsfile· 2025-06-26 06:10
Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [6][3] - The company achieved adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [6][3] - HIVE's Bitcoin production reached 1,414 Bitcoin, while HPC revenue grew approximately threefold year-over-year to $10.1 million [6][3] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining revenue at $105.2 million, down 5.2% year-over-year [6] - HPC/AI Cloud revenue was $10.1 million, a 194% increase from $3.4 million in FY2024 [6] - Gross operating margin was $25.1 million, equating to 21.8% [6] - General and administrative expenses rose to $16.6 million from $13.2 million in FY2024 due to increased staffing for global expansion [6] - Total digital currency assets were valued at $181.1 million, including 2,201 Bitcoin [6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, despite challenges from the Bitcoin halving [7] - HIVE acquired 300 MW of hydro-powered green energy sites in Paraguay, enhancing its leadership in sustainable mining [7] - The company aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [7] - HIVE transitioned its financial reporting from IFRS to US GAAP to align with strategic objectives and enhance comparability with U.S. peers [7] Q4 FY2025 Highlights - Q4 total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [8] - General and administrative expenses for Q4 were $5.3 million, up from $4.6 million in Q3 FY2025 [8] - Bitcoin production in Q4 was 303 Bitcoin, down 6% sequentially due to increased hashrate difficulty [8] - Buzz HPC revenue reached a record $3.0 million in Q4, an 18.5% sequential increase [8]
NuScale Power vs. Centrus Energy: Which Nuclear Stock Has an Edge Now?
ZACKS· 2025-06-25 16:35
Key Takeaways NuScale Power (SMR) and Centrus Energy (LEU) are major players in the evolving nuclear energy landscape, each contributing to the future of advanced nuclear technology. NuScale is focused on developing small modular reactors (SMRs), while Centrus Energy specializes in the enrichment of High-Assay Low- Enriched Uranium (HALEU), which is a critical fuel source for powering SMRs in the future. Per Fortune Business Insight report, the global SMR market was valued at $5.81 billion in 2024 and is pr ...
El futuro de nuestras ciudades | ALBERTO TOMAS DELSO VICENTE | TEDxAngri
TEDx Talks· 2025-06-25 16:31
Imagine cities transforming, shaped by our choices and actions. Our goal is ambitious: to create urban centers that are sustainable, livable, and just, where people’s well-being and the environment are top priorities. We envision places where people can live healthier and happier lives. But how do we make it happen? Professor and university researcher at Universidad Rey Juan Carlos (URJC), with a solid interdisciplinary background in marketing, economics, sustainability, and engineering. This talk was given ...
Southern Company Gas expands clean energy portfolio with new renewable natural gas agreements for its Virginia and Tennessee subsidiaries
Prnewswire· 2025-06-25 15:45
Core Viewpoint - Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made renewable natural gas (RNG) purchases that are expected to avoid 18,978 metric tons of CO₂e emissions, equivalent to the carbon sequestered by 19,036 acres of U.S. forests in one year [1] Group 1: Renewable Natural Gas (RNG) Overview - RNG is produced from naturally occurring methane from landfills, agricultural waste, wastewater, and food waste, significantly reducing greenhouse gas emissions by capturing methane before it enters the atmosphere [2] - RNG is compatible with existing natural gas infrastructure and appliances, facilitating a transition to a more sustainable energy source [2] Group 2: Company Initiatives and Goals - Southern Company Gas aims to deliver cleaner fuels as part of its commitment to sustainability, with a goal of achieving net-zero direct greenhouse gas emissions from operations by 2050 [3] - The recent RNG purchases are part of a broader initiative to support emission reduction efforts and follow the company's first RNG purchases in 2023 [3] Group 3: Legislative Support - The RNG deal is supported by policies in Virginia and Tennessee, including Virginia's Energy Innovation Act and Sustainable Gas Program, which encourage RNG production and delivery [4] - Tennessee's Natural Gas Innovation Act allows natural gas utilities to pursue cleaner energy options and reflect innovative natural gas costs in their pricing [4] Group 4: Future Projects - Virginia Natural Gas has announced a collaboration with the Hampton Roads Sanitation District to create a facility that will convert biogas from organic waste into RNG [4]