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Hut 8 Corp. (HUT) Delivers Robust Revenue and Earnings Growth amid Digital Infrastructure Focus
Yahoo Finance· 2025-11-22 07:30
Hut 8 Corp (NASDAQ:HUT) is one of the best cryptocurrency stocks to buy for the long term. On November 17, Hut 8 Corp. (NASDAQ:HUT) said it had reached a final deal to sell its four Ontario natural-gas power plants—about 310 megawatts in total—which are run by Far North Power Corp. The buyer is TransAlta Corporation (NYSE:TAC). Hut 8 Corp. (HUT) Delivers Robust Revenue and Earnings Growth amid Digital Infrastructure Focus everything possible/Shutterstock.com Hut 8 picked up these sites out of bankruptcy ...
Streamex Corp. (NASDAQ: STEX) Announces Appointment of Kevin Gopaul, Global Financial Executive and ETF Pioneer to Its Board of Directors
Globenewswire· 2025-11-18 13:09
LOS ANGELES, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Streamex Corp. (“Streamex” or the “Company”) (NASDAQ: STEX), a leader in institutional-grade tokenization and digital asset infrastructure, today announced the appointment of Kevin Gopaul, global financial executive and pioneering leader in the exchange-traded fund (ETF) industry, to its Board of Directors, effective immediately. Kevin brings more than 25 years of global asset management and capital markets experience, including senior leadership roles as Globa ...
Diginex and EVIDENT Group Forge Strategic Alliance to Meet Growing Demand for Sustainability Data in Tokenized Assets
Globenewswire· 2025-11-18 12:30
Joint offering seeks to embed trust and transparency into the lifecycle of tokenized assets, aligning sustainability metrics with the next generation of digital-market infrastructure.LONDON and HONG KONG, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a recognized sustainable RegTech provider specializing in ESG data, climate, and supply chain data solutions, today announced a strategic alliance with EVIDENT Group (“EVIDENT”), a licensed digital market infrast ...
OFA Group Announces Rescheduled Virtual Extraordinary General Meeting of Shareholders to November 24, 2025
Globenewswire· 2025-11-13 22:00
Los Angeles, CA, Nov. 13, 2025 (GLOBE NEWSWIRE) -- OFA Group (NASDAQ: OFAL) (“OFA” or the “Company”), an international architecture, technology, and digital-asset infrastructure company, today announced that its Extraordinary General Meeting of Shareholders (“EGM”), originally scheduled for November 5, 2025, has been rescheduled to November 24, 2025 at 5:00 p.m. Eastern Time. The meeting will be held exclusively in a virtual format via electronic communication facilities. Instructions for accessing the meet ...
Bakkt (BKKT) - 2025 Q3 - Earnings Call Presentation
2025-11-10 13:30
Financial Highlights - Total revenue reached $402.2 million, a 27% year-over-year increase[15] - Adjusted EBITDA was $29 million, a 241% year-over-year increase[15] - The company holds $64 million in cash[15] - The company has $0 debt[15] Strategic Initiatives - Bakkt is focusing on stablecoins and Real-World Asset (RWA) tokenization for growth[11] - The company is expanding its technology and services to new markets through Bakkt Global[23] - Bakkt is developing Bakkt Agent, an AI-powered programmable finance platform[19] Market Opportunity - The total stablecoin market cap is $308 billion as of October 24, 2025[11] - The stablecoin market is projected to have a 38% Compound Annual Growth Rate (CAGR) through 2030[11] - Estimated growth in tokenization through 2033 is $46 trillion[11]
Phoenix Group Launches 30MW Hydropower Mining Operation in Ethiopia; H.C. Wainwright Reaffirms Buy Rating and AED 3.00 Price Target
Businesswire· 2025-11-06 07:34
Core Insights - Phoenix Group PLC has launched a 30MW hydropower-backed mining operation in Ethiopia, marking a significant expansion into Africa's energy-rich markets and aligning with its long-term strategy to scale to 1GW of compute capacity [1][2][8] Company Overview - Phoenix Group is a global leader in digital asset infrastructure and operates renewable-powered, high-efficiency mining facilities across five countries, with over 500MW deployed [9] - The company is headquartered in Abu Dhabi and is ranked among the world's top 10 Bitcoin miners [9] Strategic Partnership - The mining facility was developed in partnership with Ethiopian Electric Power (EEP), under the patronage of Abu Dhabi leadership, combining Ethiopia's renewable energy strengths with Phoenix's operational expertise [3][5] - This collaboration aims to support Ethiopia's digital and industrial objectives, including investment attraction and technology infrastructure development [5] Project Details - The site spans 6,250 square meters and is designed to support advanced mining and future compute workloads, utilizing stable, low-cost, and carbon-neutral hydropower from Ethiopia's national grid [4][8] - The new operation is expected to add 1.9 EH/S to Phoenix's existing hashrate [4] Market Position and Analyst Confidence - H.C. Wainwright has reaffirmed its Buy rating and AED 3.00 price target for Phoenix Group, citing strong self-mining margins and the company's expanding geographic footprint as a material step in derisking geographic concentration [6][7] - The activation of the Ethiopian site is seen as a major advancement in Phoenix's global growth strategy, reinforcing its commitment to renewable energy and responsible growth [5][8]
Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office
Yahoo Finance· 2025-10-29 13:00
Core Insights - Taurus, a Swiss digital asset infrastructure provider, is expanding into the U.S. with a new office in New York, marking its second North American location and reflecting increasing institutional interest in regulated crypto services [1][2] - The expansion aligns with recent regulatory changes in the U.S., including the GENIUS Act, Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121, which are seen as creating a favorable environment for digital assets [2][4] - Taurus has appointed Zack Bender as head of U.S. operations, who has a background in financial services with previous roles at Fiserv and Swift [3] Company Overview - Founded in 2018 and regulated by Switzerland's FINMA, Taurus provides custody, tokenization, and trading technology to major financial institutions such as State Street, Deutsche Bank, Santander, and CACEIS [3] - The company's infrastructure supports over 35 blockchain networks, indicating a robust technological foundation for its services [3] Market Outlook - Taurus anticipates significant adoption of digital asset activities among banks and corporates in the coming quarters due to the favorable regulatory changes [4] - The company raised $65 million in a Series B funding round in February 2023, led by Arab Bank Switzerland, UBS, and Pictet, to accelerate its international expansion and product development [4]
Qualigen Therapeutics Partners with BitGo to Execute First Multi-Asset C10 Treasury Allocation
Globenewswire· 2025-10-23 20:05
Core Insights - Qualigen Therapeutics Inc. has announced a strategic partnership with BitGo to support its C10 treasury strategy, which aims to accumulate a market-cap-weighted basket of the world's top 10 crypto assets, excluding stablecoins [1][4]. Group 1: Partnership Details - The partnership will allow Qualigen to utilize BitGo's comprehensive treasury management services, which include access to deep liquidity and secure custody solutions [2][3]. - BitGo's OTC desk will facilitate efficient investments across a diversified basket of 10 digital assets, marking a significant advancement in Qualigen's treasury strategy [2][4]. Group 2: Security and Compliance - Qualigen's treasury assets will be stored securely in regulated cold storage by BitGo, adhering to high security standards and compliance protocols [3][4]. - BitGo's expertise in digital assets will simplify the complexities associated with institutional digital asset adoption, enabling Qualigen to focus on sustainable growth and digital integration [3][4]. Group 3: Strategic Vision - The partnership reflects Qualigen's commitment to financial resilience and leadership in the evolving digital economy, as stated by Co-CEO Jerry Wang [4]. - The $30 million multi-asset allocation signifies growing enterprise confidence in adopting a digital-first treasury strategy [4].
Fireblocks Acquires Dynamic to Expand On-Chain Developer Stack
Yahoo Finance· 2025-10-23 14:41
Core Insights - Fireblocks has acquired Dynamic to enhance enterprise adoption of onchain applications, creating the first complete custody-to-consumer stack in the industry [1][3] - The acquisition aims to simplify the integration of digital assets for fintechs, payment providers, and Web3 startups, allowing them to embed digital assets into their products without complex infrastructure [3] Company Overview - Fireblocks secures over $4 trillion in digital asset transfers annually and specializes in secure custody using MPC technology and a settlement network for institutions [2] - Key competitors in institutional custody and infrastructure include BitGo, Copper, Anchorage Digital, and traditional finance firms like BNY and Fidelity Digital Assets [2] Dynamic's Role - Dynamic provides developer integrations and passkey-based wallets, which will enable developers to bring their products to market more quickly and securely [4]
Bitpanda Expands to Latin America Through Partnership with Brazil’s Ondo Finance
Yahoo Finance· 2025-10-16 20:47
Core Insights - Bitpanda Technology Solutions (BTS) has partnered with Ondo Finance to provide digital asset infrastructure in Latin America, marking its first collaboration in the region [1][2] - The partnership aims to meet the rising demand for secure and compliant access to cryptoassets in a rapidly growing fintech market [3][5] Company Expansion - This partnership signifies Bitpanda's expansion beyond Europe and the Middle East, bringing its institutional-grade crypto infrastructure to Latin America [2] - The collaboration operates under a Bring Your Own License (BYOL) model, allowing Ondo Finance to align with local regulations while utilizing Bitpanda's technology [4] Market Demand - Latin America is identified as a dynamic fintech market with increasing demand for simple and secure crypto access, despite facing fragmented infrastructure and inconsistent regulation [3] - The partnership is expected to enhance the user experience for Ondo Finance's clients by leveraging Bitpanda's trading and custody technology [4][6] Infrastructure and Features - The partnership introduces an API-first architecture, enabling Ondo to integrate trading and custody capabilities directly into its platform [6] - Bitpanda will manage liquidity and USD/stablecoin settlement, with a gradual rollout of digital assets starting from stablecoins and major cryptocurrencies [6][7] - Optional advanced features such as staking, swaps, and savings plans will be available as demand evolves [7] Leadership Perspectives - Bitpanda's CEO emphasized the growing demand for digital assets in Latin America and the need for solutions that combine innovation with regulatory standards [5] - Ondo Finance's CEO highlighted the confidence gained from partnering with Bitpanda, focusing on long-term growth and the adaptation of global best practices to the local market [6]