37m ago
Greenlane’s $70.2 million BERA holdings fall 77% by June 30, raising Nasdaq delisting risk
Nasdaq-listed Greenlane Holdings said it holds about 81.3 million BERA tokens with a $70.2 million cost basis, but their fair value stood at $16.4 million at the end of the second quarter, down 77%. The company posted a second-quarter net loss of $24.8 million, including a $19.1 million non-cash hit from changes in the fair value of digital assets. Greenlane warned that a prolonged decline in its market value could trigger Nasdaq listing rules and create a delisting risk without a standard cure period.
BERA
BERA-0.27%
37m ago
2h ago
Copper shortage warning intensifies as LME traders pay $370-per-tonne premium for prompt supply
The London Metal Exchange’s (LME) front-month copper spread jumped to a $370-per-tonne premium on August 14, while the cash-to-three-month spread reached $434 per tonne, the highest levels since the 2021 supply squeeze. LME copper inventories have fallen for 42 consecutive days, the longest uninterrupted decline since 2014. The continued drawdown is adding to signs that the spot market is extremely tight.
2h ago
3h ago
HIVE Digital posts $79.1 million fiscal Q1 2027 revenue, up 73.5% year over year
HIVE Digital reported fiscal Q1 2027 revenue of $79.1 million, up 73.5% from a year earlier. Bitcoin mining revenue rose 77% to $72.1 million as the company produced 1,004 bitcoin and averaged 24.0 EH/s of hash rate. Its AI unit BUZZ generated $7.1 million in revenue, up 52% quarter over quarter, supported by a new NVIDIA GPU cluster in Manitoba. The company has raised $100 million for GPU purchases and data center expansion and is targeting $200 million in AI revenue by the end of 2026.
3h ago
3h ago
Iren shares rise about 9% after first Microsoft cloud deployment and Nvidia Exemplar Cloud recognition
Sydney-based Iren Limited has completed the first cloud deployment for Microsoft under a five-year, $9.7 billion contract signed in November last year. The company also received Nvidia’s Exemplar Cloud status for its GB300 NVL72 deployment. Iren said its cloud annual recurring revenue has reached $3.7 billion and it has secured $2.8 billion in contracts with AI customers including Microsoft, Nvidia, Perplexity, Figure AI and Fireworks AI. IREN shares are up about 9% this week, lifting its market value to $15.6 billion and bringing its year-to-date gain to 19%.
3h ago
3h ago
IPD Group shares jump 13% after FY26 results beat guidance
IPD Group reported FY26 revenue of $414.3 million, up 16.8%, with underlying EBITDA of $55.4 million and underlying NPAT of $30.9 million, both ahead of its own guidance. Operating free cash flow conversion was 84.4%, net debt fell to $16.4 million, and the fully franked dividend rose to 14.7 cents per share. The stock surged 13% in a single session after the results, and Bell Potter said it remains positive on the outlook.
3h ago
5h ago
Anthropic’s IPO pitch leans on 2028 revenue forecast of $190B–$200B, sources say
Anthropic is projecting 2028 revenue of about $190 billion to $200 billion, far above the $47 billion revenue run rate it disclosed in May, according to people familiar with its financials. The company said its revenue run rate was about $9 billion at the end of 2025 before climbing to more than $47 billion by May. It has also projected at least $10.9 billion of revenue for the second quarter of 2026, more than double the prior quarter. Anthropic expects that pace to put it on track for its first quarterly operating profit of $559 million.
5h ago
5h ago
Alphabet lifts full-year capex guidance to $205 billion as Google Cloud backlog reaches $514 billion
Alphabet raised its full-year capital expenditure guidance to $205 billion and said Google Cloud backlog climbed to $514 billion. About 60% of its recent capex went to servers, with the remaining 40% directed to facilities and connectivity. The company holds more than $240 billion in cash and marketable securities, giving it flexibility to fund AI buildout even as free cash flow temporarily turns negative. CEO Sundar Pichai said roughly 90% of Fortune 100 companies now use the Gemini Enterprise model in some form.
5h ago
5h ago
Ondo Stocks tops $1.01B TVL as cumulative trading volume reaches $27B since September 2025
Ondo Finance’s tokenized equity platform, Ondo Stocks, is holding $1.01 billion in total value locked and has recorded $27 billion in cumulative trading volume since its September 2025 launch. The platform supports more than 440 tokenized U.S. stocks and ETFs, while centralized exchanges have contributed $18 billion of volume and hold $206 million in tokenized assets. Ondo Perps, launched in July 2025, has surpassed $8 billion in total volume, including more than $5 billion over the past 30 days, with open interest peaking at $87 million. Across Ondo’s broader product suite, holder counts and transfer activity have also risen, alongside growth in its tokenized Treasury products.
ONDO
ONDO+1.51%
5h ago