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Morgan Stanley sees 34% upside for Galaxy Digital amid AI and crypto tailwinds
Invezz· 2025-11-06 19:08
Core Viewpoint - Galaxy Digital has received a positive outlook from Morgan Stanley, highlighting the company's potential for growth as it enhances its focus on artificial intelligence and digital assets [1] Group 1 - Morgan Stanley sees significant upside for Galaxy Digital, indicating strong market confidence in the company's strategic direction [1] - The endorsement reflects a broader trend in the industry where companies are increasingly integrating AI with digital asset management [1]
Bullish releases October 2025 monthly metrics
Businesswire· 2025-11-06 11:45
Bullish releases October 2025 monthly metrics Share CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, released its monthly metrics for October 2025 on Thursday, November 6, 2025. These metrics include trading volume, average trading spread, and measures of volatility for Bitcoin and Ethereum. For definitions and additional information regarding these metrics, please refer to the monthl ...
Hyperscale Data Announces Estimated Total Assets and Net Assets per Share of $1.02 and $0.47, Respectively, as of October 31, 2025
Prnewswire· 2025-11-06 11:00
Core Insights - Hyperscale Data, Inc. has an estimated total asset value of $330 million, with cash and Bitcoin holdings of $122 million representing 37% of total assets and 97% of the company's market capitalization [1][2][3] Financial Position - As of October 31, 2025, the estimated net assets of the company are $150 million, equating to approximately $0.47 per share of Class A common stock [1] - The company has reduced its outstanding debt obligations by over $30 million year-to-date and invested $16 million in upgrading its Bitcoin mining fleet with 4,092 next-generation Bitmain S21+ miners [2][4] Market Valuation - Hyperscale Data's common stock has recently traded below $0.35 per share, which the company believes does not reflect its underlying asset value or growth potential [3][4] - The company anticipates that its Bitcoin holdings will exceed $100 million within the next quarter [4] Strategic Direction - The company is focused on expanding its Bitcoin treasury and building AI-optimized data center infrastructure [4] - Hyperscale Data expects to divest its subsidiary Ault Capital Group, Inc. in the second quarter of 2026, which will allow it to concentrate on high-performance computing services and digital asset holdings [7]
Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates
Yahoo Finance· 2025-11-05 21:24
Robinhood (HOOD) on Wednesday reported a 339% year-over-year increase in third-quarter crypto trading revenue, extending momentum from earlier this year as the trading app leans deeper into digital assets and global markets. The company handled $80 billion in crypto trading volume during the quarter, posting $268 million in crypto-related revenue, up from $61 million in the same quarter last year. Adjusted earnings per share (EPS) came in at $0.61 against Street estimates for $0.53; total net revenue reac ...
X @Bloomberg
Bloomberg· 2025-11-05 19:30
The crypto lending sector continued its rebound through the third quarter, with the amount of loans delivered setting a fresh record just as digital-asset prices were soaring to all-time highs https://t.co/Ux1lo4bJjn ...
X @Chainlink
Chainlink· 2025-11-05 16:01
S&P Dow Jones Indices (@SPGlobal) and @DinariGlobal have selected Chainlink as the official oracle provider for the S&P Digital Markets 50 Index to power official index values and live token prices for its multi-asset index.https://t.co/VvMgJIxEvpThe integration on Avalanche includes Chainlink Price Feeds and SmartData—including Proof of Reserve, NAVLink, and SmartAUM—with plans to integrate Data Feeds and the Automated Compliance Engine (ACE).The S&P Digital Markets 50 Index is the first tokenized benchmar ...
Ripple Secures $500M Funding Led by Fortress and Citadel Securities After Record Growth
Yahoo Finance· 2025-11-05 14:37
The image highlights XRP and RLUSD as key drivers of Ripple’s expanding payments network and accelerating stablecoin adoption. — Source: CoinGape Ripple gets financed with $500 million following increase in volume of payments and faster adoption of RLUSD. Record growth and significant acquisitions lead to investors supporting the long-term plan of Ripple. Following rapid increase in demand from institutions, Ripple is improving its payments, custody and stablecoin services. Garlinghouse says new in ...
IBM to Cut Thousands of Jobs as Focus Shifts From Consulting to Software
PYMNTS.com· 2025-11-04 21:47
Core Insights - IBM plans to cut "thousands" of jobs in the current quarter as part of a strategic shift towards higher-growth software and services [1][2] - The job cuts will impact a low single-digit percentage of IBM's global workforce, which was approximately 270,000 employees at the end of 2024 [2] Group 1: Strategic Focus - IBM's consulting division faces challenges due to customer concerns about the economy, while the software division is gaining investor interest [3] - CEO Arvind Krishna aims to make the software division the largest business unit within IBM, capitalizing on increased spending in cloud services and artificial intelligence [3] Group 2: AI and Employment - In previous statements, Krishna indicated that IBM's investment in AI has led to an overall increase in employment, despite replacing some human resources roles with AI agents [4][5] - The company has leveraged AI and automation to enhance enterprise workflows, allowing for reinvestment in other areas [5] Group 3: Partnerships and Innovations - IBM has partnered with Anthropic to integrate the Claude family of large language models into its AI-first software development environment, enhancing its hybrid-cloud ecosystem [6] - The company is also developing the IBM Digital Asset Haven, a platform for managing digital assets across blockchains, in collaboration with Dfns [7]
Mawson Infrastructure Group Inc. Announces Written Court Order of Dismissal of Involuntary Chapter 11 Petition
Globenewswire· 2025-11-04 21:39
Core Insights - Mawson Infrastructure Group Inc. has successfully dismissed an involuntary bankruptcy petition, allowing the company to pursue damages against the petitioning creditors and recover attorneys' fees [1] Company Overview - Mawson is a U.S.-based technology company focused on designing, building, and operating next-generation digital infrastructure platforms, serving sectors such as AI, high-performance computing (HPC), and digital assets including Bitcoin mining [2] - The company operates both self-mining and colocation/hosting services for enterprise customers, utilizing a vertically integrated infrastructure model aimed at scalability and efficiency [2] Strategic Positioning - A key aspect of Mawson's strategy is the use of carbon-free energy resources, including nuclear power, to support its operations, positioning the company as a competitive provider of environmentally sustainable digital infrastructure solutions [3] - Mawson currently has 129 megawatts of capacity online, with additional capacity under development, reinforcing its commitment to sustainable energy practices [3]
Prenetics Announces Third Quarter 2025 Financial Results Release Date and Inaugural Earnings Conference Call
Globenewswire· 2025-11-04 21:05
Core Insights - Prenetics Global Limited will release its financial results for Q3 2025 on November 10, 2025, before market open, and will hold its first earnings conference call at 8:30 a.m. Eastern Time on the same day [1][2] Company Overview - Prenetics is a leading health sciences company focused on health and longevity, with its flagship consumer brand IM8 co-founded with David Beckham, which has achieved $100 million in annual recurring revenue within 11 months of launch, marking the fastest growth in the supplements industry [3] - The company has established a Bitcoin Treasury, purchasing 1 Bitcoin per day, totaling 382 BTC as of November 4, 2025, positioning itself at the intersection of health innovation and digital assets [4]