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Hut 8 Amends and Expands Bitcoin-Backed Credit Facility with Coinbase to $130 Million
Globenewswire· 2025-06-24 10:30
Core Viewpoint - Hut 8 Corp. has expanded its Bitcoin-backed credit facility from $65 million to up to $130 million, enhancing its capacity and lowering its cost of capital [1][2]. Group 1: Credit Facility Expansion - The amended credit facility reflects significant improvements in economic and structural terms, doubling the size of the facility and extending the maturity date to July 16, 2026 [1][2]. - The facility is expected to provide up to $65 million in incremental, non-dilutive capital, allowing the company to deploy capital against near-term growth opportunities [5]. Group 2: Financial Terms and Benefits - The conversion from a floating-rate structure to a fixed interest rate of 9.0% is designed to improve Hut 8's overall cost of capital, compared to previous rates ranging from 10.5% to 11.5% [5]. - The amended agreement includes enhanced collateral and borrower protections, such as a limited recourse structure and a no-rehypothecation covenant on pledged Bitcoin [5]. Group 3: Company Overview - Hut 8 Corp. operates as an energy infrastructure platform, integrating power, digital infrastructure, and compute at scale, primarily for Bitcoin mining and high-performance computing [3]. - The company manages 1,020 megawatts of energy capacity across 15 sites in the United States and Canada, including Bitcoin mining and high-performance computing data centers [3].
香港稳定币牌照8月开启申请,发行人需有切实应用场景
Sou Hu Cai Jing· 2025-06-24 03:51
对于未来如何构建稳定币发行人发牌制度,余伟文表示,考虑到稳定币是相对新兴的产物、发行业务所涉及的风 险、对用户的保障,以及市场的承载力和长远发展,发牌设有相当高的门槛,预期在初始阶段充其量只会批出数 余伟文坦言,虽然乐见公众对稳定币产生兴趣,但也想为稳定币降降温,让大家能较客观冷静地看待稳定币 文|《财经》记者康恺 编辑|张威 6月23日,香港金融管理局(下称"香港金管局")总裁余伟文表示,香港《稳定币条例》(下称"条例")将于8月1 日生效,届时香港金管局将开始接受牌照申请。 余伟文称,条例进一步完善香港数字资产活动监管框架,以保障货币和金融稳定,并巩固提升香港国际金融中心 地位。 余伟文坦言,虽然乐见公众对稳定币产生兴趣,但也想为稳定币降降温,让大家能较客观冷静地看待稳定币。 首先是稳定币的属性。稳定币并不是投资或投机的工具,而是运用区块链技术的支付工具之一,本身并没有升值 空间。以跨境支付这类应用场景为例,除了稳定币,其他新型支付工具还包括部分央行合作建立的CBDC(即央 行数字货币)网络、某些国际银行计划发行的代币化存款、快速支付系统跨境连线等等。这些支付工具各有特 点,成熟程度不一,未来的发展前景很 ...
Can Sea Limited More Than Double to Regain Its All-Time Highs?
The Motley Fool· 2025-06-24 00:18
Core Viewpoint - Sea Limited has shown significant recovery and growth, with its stock price increasing by 400% since early 2024, although it remains 58% below its 2021 peak [1][2]. Company Performance - Sea Limited experienced a substantial boom during the pandemic, driven by its mobile gaming, e-commerce, and digital payments sectors, reaching stock prices in the high $300s [3]. - The company faced challenges post-pandemic due to rising inflation and interest rates, leading to a decline in its popular game "Free Fire," which significantly impacted profitability across its other business segments [4]. - A strategic pivot towards profitability involved cutting marketing expenses and increasing seller fees, resulting in the company achieving profits for the first time in Q4 2022 [5]. Financial Metrics - In Q1 2025, Sea Limited reported a revenue growth of 29.6% and an impressive EBITDA growth of 135.9%, with adjusted EBITDA reaching $264 million [6]. - The company generated approximately $1.1 billion in revenue last quarter, with $545 million contributing directly to EBITDA, indicating nearly 50% incremental EBITDA margins [7]. Business Strategy - Sea has focused on enhancing its e-commerce operations by investing in fast delivery and reducing costs, positioning itself as a low-cost provider in the region [9]. - The digital payments and unsecured loans segment has also expanded, with the rebranded "Monee" growing its offerings beyond the Shopee platform [10]. Digital Entertainment Recovery - Garena, Sea's digital entertainment division, has seen a recovery in "Free Fire" bookings, which increased to $775 million in Q1 2025, nearing pre-pandemic levels [12]. - The introduction of new features, such as an anime integration with Naruto, reflects a long-term strategy to maintain "Free Fire" as a consistent revenue stream [12]. Market Outlook - Sea Limited's current market cap stands at $92 billion, with a valuation of 5.4 times sales and 60 times this year's earnings estimates, suggesting a premium valuation for a high-quality company [13]. - The Southeast Asia e-commerce market is projected to grow at a 14% annualized rate through 2030, providing a favorable growth environment for Sea [14]. - As profitability stabilizes, there is potential for Sea to re-enter previously targeted markets, which could further enhance growth prospects [15].
Matador Technologies Receives Conditional Approval for Change of Business
Globenewswire· 2025-06-23 21:25
Key Highlights TSX Venture Exchange grants conditional approval for Matador’s Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, subject to the Company satisfying the TSXV's requirements and conditions. Enables Matador to operate as a pure Bitcoin Ecosystem Company with a focus on holding, acquiring, and investing in Bitcoin and digital asset ventures, assuming that the Company obtains TSXV final approval of the COB. Unlocks ability to scale Bitcoin treasury strategy, deploy capital in ...
Alset Inc. Announces Stock Repurchase Program
Globenewswire· 2025-06-23 20:15
BETHESDA, MD, June 23, 2025 (GLOBE NEWSWIRE) -- Alset Inc. (NASDAQ:AEI) ("AEI" or the "Company"), a diversified holding company principally engaged through its subsidiaries in the development of smart and sustainable home communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, is pleased to announce that its Board of Directors has authorized a new stock repurchase program of up to $1,000,000 of the Company’s outstanding ...
QMMM Announces Closing of $8 Million Public Offering of Ordinary Shares
Prnewswire· 2025-06-23 15:31
HONG KONG, June 23, 2025 /PRNewswire/ -- QMMM Holdings Limited (NASDAQ: QMMM) (the "Company" or "QMMM"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced the closing of its best efforts public offering of 40,000,000 ordinary shares at a public offering price of $0.20 per ordinary share.Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be $8 million.Pacific Century Securities LLC and Revere ...
The Trade Desk (TTD) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-06-23 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about The Trade Desk (TTD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.The Trade Desk currently has ...
TTD Global Momentum Increases as International Growth Overtakes U.S.
ZACKS· 2025-06-23 13:56
Key Takeaways TTD's international growth beat North America for the ninth straight quarter despite lower ad spend share. CTV remains a key driver, with over 90M households reached and strong traction worldwide. Two-thirds of clients now use Kokai, cutting costs and boosting efficiency ahead of full adoption this year.In the last reported quarter, The Trade Desk’s (TTD) “International growth again outpaced North America for the ninth quarter in a row,” marking a major milestone. While North America account ...
Sharecare wins 21 Digital Health Awards in Spring 2025 competition
Globenewswire· 2025-06-23 13:30
Core Insights - Sharecare has won 21 Digital Health Awards in the Spring 2025 competition, recognizing its excellence in online and virtual health resources for consumers and professionals [1][2] - The company received four Gold awards, with its health navigation platform for large employers and commercial health plans being honored in the mobile application category [2] - Sharecare's proprietary content and programs adhere to NCQA guidelines, showcasing its commitment to quality and continuous improvement [3] Awards and Recognitions - Sharecare earned Gold awards for its health navigation platform, CDC-approved diabetes prevention program, and various interactive patient education tools [2][4] - The company also received Silver and Bronze awards for its medical animations, mobile applications, and disease management programs [5][6] Company Overview - Sharecare is a digital healthcare company focused on improving care quality, driving better outcomes, and lowering costs through technology and data-driven insights [8] - The company provides a comprehensive platform that includes benefits navigation, care management, and health information management, serving health plan sponsors, health systems, and pharmaceutical brands [8]
北斗智影内容创作者大会在江北新区举办
Xin Hua Ri Bao· 2025-06-23 06:59
Group 1 - The "AI Super Individual Era Content Creator Conference" was held in Jiangbei New District, showcasing the transformative impact of AI technology on the content industry and individual creativity [1] - Beidou Zhiying launched significant technological advancements and ecological agreements, marking the beginning of a new era for globalized intelligent content creation in China [1] - Jiangbei New District is leveraging digital economy as a driving force, establishing a "policy + technology + finance" empowerment system to support creators with substantial funding and services [1] Group 2 - The newly released AI product, Qixing Agent, aims to empower the entire process of short drama promotion and provides a one-stop AI creative solution for content creators and enterprises [2] - Qixing Agent integrates multimodal understanding capabilities, enabling precise analysis of various media formats and significantly improving content understanding efficiency and accuracy [2] - The "one-click hosting" feature of Qixing Agent enhances the entire creative process, achieving over 20 times improvement in creative efficiency compared to traditional methods [2]