Aggressive interest from the heavy-lift drone industry has provided new opportunity for market entry.Vancouver, BC, Canada, Sept 4, 2025 – TheNewswire - First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) has provided an update on advancement of the tellurium-based thermoelectric generator technology under development by its majority-owned subsidiary PyroDelta Energy Inc. To date, PyroDelta has designed thermoelectric devices that can  provide energy savings for automotive, AI data center, drones and other appl ...

Financial Results Summary - Archer Aviation, Inc. reported a Q2 loss of 36 cents per share, missing estimates of a 26 cents loss, but shares recovered after discussing plans for the 2028 Olympics [2] - BigBear.ai, Inc. experienced a significant drop in stock after missing EPS and revenue expectations and cutting its 2025 outlook due to disruptions in Army contracts [3] - Plug Power, Inc. saw a 21% year-over-year revenue increase but reported a wider-than-expected EPS loss, leading to a 5% rise in stock during after-hours trading [4] - Oklo, Inc. reported a net loss of about 18 cents per share amid higher operating expenses, but stock jumped over 9% after initial volatility due to DOE-related headlines [5] - AST SpaceMobile, Inc. reported Q2 revenue of approximately $1.2 million and a net loss of roughly $99 million, while maintaining expectations for a significant ramp in the second half of the year [5] - AMC Entertainment Holdings, Inc. beat Q2 revenue expectations, resulting in a pre-market stock surge of about 5% due to strong attendance and narrowed losses [7] - CAVA Group, Inc. disappointed investors with slower same-store sales growth and missed revenue estimates, causing stock to plunge over 20% [9] - Circle Internet Group, Inc. reported higher-than-expected net losses due to one-time IPO charges, leading to a 6% drop in shares and announcing a 10 million share offering [10] - CoreWeave, Inc. missed quarterly profit expectations and indicated significant expenses ahead, resulting in a stock decline of over 20% [11] - Rigetti Computing, Inc. missed analyst expectations on both revenue and earnings but saw its stock rise nearly 8% over the past five days [12]

Q3 FY25 Financial Highlights - Record revenue of $148.1 million[18] - Record Adjusted EBITDA of $83.3 million[18] - Record EBITDA of $82.7 million[18] - Profit After Tax of $24.2 million[18] Bitcoin Mining Operations - Average Operating Hashrate of 29.4 EH/s[18] - Target installed capacity of 50 EH/s by June 30, 2025[18] - Pausing further mining expansion at 50 EH/s to focus on AI opportunities[18] - Best-in-class fleet efficiency at 15 J/TH[24] - Low electricity costs at 3.3 c/kWh at Childress power price[24] - Illustrative Adjusted EBITDA of $588 million at 50 EH/s (assuming $95k Bitcoin price)[29] - 326% YoY hashrate growth[26] AI Cloud Services - Launched IREN Cloud in August 2023 and scaled to 1,896 H100 & H200 GPUs[38] - AI Cloud revenues scaling with strong margins and 33% QoQ revenue growth[45] - 97% Hardware profit margin for AI cloud service[46] - Annual run-rate revenue of $28 million[49] AI Data Center Expansion - Horizon 1: Up to 50MW (IT load) liquid-cooled capacity targeting Q4 2025 delivery with $6-7 million forecast capex per MW of IT Load[18, 75] - Sweetwater 1: 1.4GW April 2026 energization[18] - Sweetwater: 2GW of high-voltage power across >1,800 acres[83] Financial Position - $160 million cash as of April 30, 2025[89] - Up to $250 million expected net funding requirement during 2025[89]

Core Insights - Jet.AI Inc. reported financial results for the full year ended December 31, 2024, with revenues of $14.0 million, an increase of $1.8 million from the previous year, primarily driven by software app and charter revenues [4][21] - The company is transitioning towards AI data centers and has signed a letter of intent for a 50-megawatt data center project, which is part of a larger 120-acre campus with potential for a full gigawatt capacity [3][5] - Jet.AI has entered into a definitive agreement to divest its aviation segment to flyExclusive through an all-stock spin-off transaction, expected to close in Q2 2025 [3][5] Financial Performance - Revenues for 2024 were $14.0 million, up from $12.2 million in 2023, with software app and Cirrus charter revenues contributing $8.1 million, an increase of $1.0 million [4][21] - Cost of revenues increased to $15 million from $12.4 million, leading to a gross loss of approximately $965,000 compared to a loss of $179,000 in the previous year [7][8][21] - Operating loss was $12.6 million, slightly higher than the $12.5 million loss in 2023, with total operating expenses decreasing to $11.6 million from $12.3 million [9][21] Cash Position and Assets - As of March 25, 2025, the company had a cash balance of $12.5 million and no debt, along with $4.2 million in aircraft-related deposits, totaling $16.7 million [9] - Total assets increased to $10.8 million in 2024 from $5.7 million in 2023, with significant growth in cash and cash equivalents [19] Strategic Initiatives - The company launched "Ava," an agentic AI model for private jet booking, and commenced pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft [5] - Jet.AI has authorized a $2 million share repurchase program and completed a reverse stock split at a ratio of 1-for-225 [5][9] - The leadership team is focused on building AI infrastructure and evaluating acquisitions and strategic partnerships to maintain growth momentum [3][5]