Riot Platforms sold 9,665 bitcoin in the first half of 2026, including 4,300 BTC in Q2, to finance its pivot from bitcoin mining to AI infrastructure. Despite reducing its bitcoin treasury to 11,380 BTC, Riot is expanding its data center operations, highlighted by a 20-year, 191-megawatt lease with AI firm Anthropic expected to generate $9.1 billion in revenue through 2048. This strategic shift aligns with broader industry trends as miners like Marathon also sell large bitcoin holdings to fund growth and debt reduction. Riot's move signals a significant transformation from a mining-focused company to an AI infrastructure operator, potentially increasing its valuation and reducing reliance on bitcoin sales in the future.
Tesla has announced a significant increase in its 2026 capital budget to $25 billion, with a major portion allocated to expanding production of its Optimus robots. This move highlights Tesla's commitment to advancing robotics technology alongside its...
Burlington Stores' stock fell 7.6% after reporting Q2 earnings with adjusted EPS of $2.37 beating estimates, but revenue of $3.002 billion slightly missed expectations. The company showed 11% revenue growth and a 46.2% gross margin, marking its 15th ...
MidCap Financial Investment Corp (NASDAQ: MFIC) received a Buy rating upgrade from Compass Point, boosting its stock price by 1.35% to $9.75. As a Business Development Company, its dividends are a key attraction but are taxed as non-qualified income ...
Schmid Group N.V. is undergoing a major financial restructuring, including raising EUR 33 million and reducing debt by EUR 31 million through a debt-to-equity swap. Despite challenges like a lower gross margin affecting profitability, the company see...
Science Applications International Corp. (SAIC) reported quarterly earnings per share of $3.01, well above analyst expectations of $2.31, and revenue of $1.88 billion, surpassing the forecasted $1.76 billion. This strong performance reflects year-ove...
