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Hyper Bit Secures Loan for DOGE and LTC Crypto Miner Purchase
Newsfile· 2025-07-07 12:30
Core Viewpoint - Hyper Bit Technologies Ltd. has executed a loan agreement to purchase ten ElphaPex DG1+ miners for mining Dogecoin and Litecoin, with operations to be managed at a renewable energy facility in Quebec, Canada [1][4]. Group 1: Company Developments - The company is advancing in its crypto mining and treasury asset acquisition strategies, with plans to acquire Dogecoin Mining Technologies Ltd. through the initial miner purchase [3]. - The loan agreements executed on June 18 and July 4, 2025, total CAD $160,000, which will be used for purchasing miners and working capital, bearing 10% interest per annum and a 15% loan fee [4]. - Hyper Bit Technologies Ltd. is committed to leveraging the growing interest in digital assets and aims to unlock value across the crypto ecosystem [5]. Group 2: Industry Context - The company is part of a broader trend in the crypto industry, focusing on the rise of blockchain and decentralized finance (DeFi), which is driving institutional and retail adoption of digital assets [5]. - The deployment of high-efficiency ASIC mining rigs at a renewable power facility aligns with the industry's shift towards sustainable energy solutions in crypto mining [3][8].
Reitar Logtech Allocates Up to USD 1.5 Billion in Bitcoin Reserves to Food Supply Chain and Announces Establishment of Pine Forest Holdings
Globenewswire· 2025-07-07 12:12
Building a Full-Chain Smart Agriculture EcosystemHONG KONG, July 07, 2025 (GLOBE NEWSWIRE) -- As a pioneer in smart logistics and supply chain innovation, Reitar Logtech (NASDAQ: RITR), building on its previously announced Bitcoin reserve strategy, today officially announced the establishment of its wholly owned subsidiary, Pine Forest Holdings Limited (“Pine Forest Holdings”). Pine Forest Holdings will focus on the vertically integrated food supply chain, offering seamless integration from food sourcing, c ...
Hyperscale Data Subsidiary Ault Markets Plans to Launch Solana Validator and Expand Blockchain Infrastructure Capabilities
Globenewswire· 2025-07-07 10:30
Core Viewpoint - Hyperscale Data, Inc. is advancing its strategy in decentralized technologies by launching a validator node on the Solana blockchain through its subsidiary Ault Markets, aiming to enhance its blockchain infrastructure services and support the Solana ecosystem [1][2]. Group 1: Company Strategy - Ault Markets' entry into Solana validation is a significant milestone in Hyperscale Data's vision to integrate real-time blockchain operations across its portfolio, which includes AI, digital assets, and financial technology platforms [2]. - The launch of the Solana validator is part of a broader mission to build next-generation blockchain infrastructure and asset management, allowing direct support for the Solana ecosystem and expanding involvement in decentralized finance [2]. - Ault Markets plans to extend its validation services to additional blockchain protocols over time, focusing on creating a compliant, scalable, and diversified platform for various blockchain ecosystems [2]. Group 2: Validator Node Details - The validator node is expected to play a crucial role in Ault Markets' multi-chain infrastructure strategy, which aims to support a wide array of blockchain ecosystems [2]. - The validator will enable participation in transaction validation and block production, with a delegation and reward model that supports delegated staking and offers rewards through a fair distribution structure [6]. - Ault Markets is preparing an application for the Solana Foundation Delegation Program to become a key infrastructure partner within the Solana ecosystem [6]. Group 3: Company Operations and Divestiture - Hyperscale Data operates a data center through its subsidiary Sentinum, which mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [4]. - The company plans to divest Ault Capital Group, Inc. by December 31, 2025, after which it will focus solely on data center operations to support high-performance computing services [5]. - Until the divestiture, the company will continue to provide mission-critical products across various industries, including AI software, social gaming, and private credit [5].
X @Token Terminal 📊
Token Terminal 📊· 2025-07-06 14:23
RT Token Terminal 📊 (@tokenterminal)⛓️🌐 What is meant by a blockchain's GDP?▪️ The GDP metric measures the USD value of what end users pay in Fees to interact with a chain’s applications in a given period of time. The GDP metric excludes gas fees paid to the underlying chain.▪️ An onchain transaction by an application’s end user is classified as a Fee whenever the application is entitled to apply a take rate (0-100%) on it. The GDP metric takes into account the total Fee paid by the end user.▪️ Example: a b ...
X @CoinDesk
CoinDesk· 2025-07-06 14:10
The Bitcoin blockchain lacks meaningful activity even as its native token $BTC's price hovers near lifetime highs. What does it indicate? read report by @godbole17.https://t.co/ck8HB27Liw ...
X @Cointelegraph
Cointelegraph· 2025-07-06 08:00
🔥 LATEST: Telegram blockchain startup TOP becomes TON’s first unicorn, hitting a $1B valuation after a $28.5M raise. https://t.co/4v3O7GnYdG ...
X @Cointelegraph
Cointelegraph· 2025-07-06 04:00
🇺🇸 UPDATE: US Secret Service expands global network to fight crypto crime, boosting cross-border blockchain tracing. https://t.co/8jCP3u4w4y ...
Why Robinhood Stock Was Scorching Hot Last Month
The Motley Fool· 2025-07-05 18:43
Core Insights - Robinhood Markets experienced significant activity in June, launching new features, completing an acquisition, and reporting strong monthly operating metrics, leading to a stock price increase of over 41% [1] Group 1: New Features and Acquisitions - Robinhood introduced several new features, including stock "tokens" for European users and an AI-enhanced analytical tool called Cortex Digests, aimed at increasing user engagement on its trading platform [5] - The company completed the acquisition of Bitstamp, a global cryptocurrency exchange, which enhances Robinhood's crypto offerings and expands its operational capabilities with over 50 active licenses worldwide [6] Group 2: Monthly Operating Metrics - In May, Robinhood reported a substantial increase in total assets on its platform, which rose by 89% year over year to $255 billion [4] - Trading volumes also saw significant growth, with stock trading volumes more than doubling to over $180 billion, options contracts increasing by 36% to nearly the same amount, and a 65% rise in crypto activity to just under $12 billion [4] Group 3: Market Reactions - Speculation regarding Robinhood's potential inclusion in the S&P 500 index led to initial investor excitement, but the announcement that the index would remain unchanged resulted in a sell-off of Robinhood shares [2] - Despite the volatility in the crypto market, Robinhood's position as a trading platform may insulate it from direct impacts, allowing it to focus on growth opportunities [7][8]