Bitmine Immersion Technologies ( BMNR ) announced on Wednesday that it plans to issue 3M shares of its 9.50% Series A Perpetual Preferred Stock, with a $100 face value per share. The stock will pay a 9.5% annual cash dividend, with weekly payouts and unpaid dividends compounding at a gradually increasing rate, capped up to about 15% per year. The net proceeds will be used for general corporate nee...
Bitmine Immersion Technologies ( BMNR ) announced on Wednesday that it plans to issue 3M shares of its 9.50% Series A Perpetual Preferred Stock, with a $100 face value per share. The stock will pay a 9.5% annual cash dividend, with weekly payouts and unpaid dividends compounding at a gradually increasing rate, capped up to about 15% per year. The net proceeds will be used for general corporate needs, including buying more Ethereum ( ETH-USD ), expanding staking/validator infrastructure, working capital, digital asset investments, and share buybacks. The company can redeem the shares at 110% (first 18 months), 105% (up to 3 years), and 100% thereafter, plus unpaid dividends. The preferred stock is expected to be listed on the NYSE under the ticker “BMNP,” with trading likely to begin within ~30 days after issuance. Source: Press Release More on Bitmine Immersion Technologies Bitmine Immersion: An Ethereum Treasury Trading Below Its Own Assets Bitmine Immersion: Ethereum Pivot Driving Hidden Upside Bitmine Immersion: Unlocking Staking Rewards 5 of 7 proxy stocks trail BTC's 12% fall: Investors piled into these 6 miner stocks Bitmine's 26.5K Ethereum purchase vs. bearish chart: Is market not convinced?
Descartes Systems (DSGX) delivered earnings and revenue surprises of +3.77% and +1.01%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Descartes Systems (DSGX) delivered earnings and revenue surprises of +3.77% and +1.01%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
With dozens of companies, from small startups to tech giants, pursuing quantum computing, there's a steady flow of results as they try to find a path to utility. We typically focus on new technologies and major landmarks, which can obscure the fact that any big success will inevitably have been built on a lot of incremental progress. The past few weeks have seen a number of companies release progr...
With dozens of companies, from small startups to tech giants, pursuing quantum computing, there's a steady flow of results as they try to find a path to utility. We typically focus on new technologies and major landmarks, which can obscure the fact that any big success will inevitably have been built on a lot of incremental progress. The past few weeks have seen a number of companies release progress reports on how they're trying to get the technologies closer to general use. None of these represents a major breakthrough, but all are absolutely necessary for the technology to advance. The idea here is to convey the hard work required to move us closer to something useful. Microsoft does material science Microsoft is one of the few companies working on topological qubits, based on the distinct physics that occurs when particles are confined. Microsoft's system relies on a thin superconducting wire placed on top of a semiconductor. In superconductors, groups of two electrons form Cooper pairs. But if the wire contains an odd number of conducting electrons—meaning there's a single unpaired electron—it will end up delocalized to both ends of the wire. (Because quantum mechanics is weird.) Read full article Comments
Asian stocks were poised for losses on Thursday as renewed clashes between the US and Iran added strain to a fragile ceasefire, while pushing oil prices higher. Equity-index futures for Japan and Hong Kong pointed to losses at the open, with a regional stock gauge set to end four days of gains. US share futures fell around 0.4% after the underlying benchmarks pulled back from record highs, with th...
Asian stocks were poised for losses on Thursday as renewed clashes between the US and Iran added strain to a fragile ceasefire, while pushing oil prices higher. Equity-index futures for Japan and Hong Kong pointed to losses at the open, with a regional stock gauge set to end four days of gains. US share futures fell around 0.4% after the underlying benchmarks pulled back from record highs, with the S&P 500 snapping a nine-day winning streak. After the close, Broadcom Inc. shares tumbled in post-market action as its outlook failed to impress investors. US crude steadied after gaining 2.4% in the previous session after the US and Iran exchanged fire overnight, drawing Kuwait and Bahrain into one of the most serious flare-ups since a ceasefire took effect in early April. Rising oil prices and signs of resilience in the US labor market sent Treasuries lower, as traders increased bets that the Federal Reserve’s next move will be to raise interest rates. The moves followed days of rising tensions in the Middle East, including Israeli operations against Hezbollah in Lebanon, that risk derailing US-Iran talks and undermining a fragile ceasefire. While the AI-driven rally has propelled equities to record highs, a fresh wave of geopolitical risks is testing investors’ willingness to look past higher oil prices. “We are no longer watching a delicate ceasefire, instead what is occurring is more akin to a low-intensity conflict,” said Chris Beauchamp , chief market analyst at IG. “This simply leaves the vital issue of oil supplies unresolved, and the clock continues to tick down towards doomsday for oil inventories and the global economy.” In Asia, the yen hovered near the 160-per-dollar level after Bank of Japan Governor Kazuo Ueda reiterated that policymakers need to keep raising interest rates in line with economic and inflation developments. While the comments reinforced expectations for a rate hike on June 16, they were less explicit than remarks that preceded the BOJ’s pre...
Five Below's Earnings Blowout Has Wall Street Scrambling to Raise TargetsFive Below (NASDAQ:FIVE) reported a sharply stronger first quarter than management expected, with executives pointing to broad traffic gains, social-media-driven merchandising, new store growth and higher ta
Five Below's Earnings Blowout Has Wall Street Scrambling to Raise TargetsFive Below (NASDAQ:FIVE) reported a sharply stronger first quarter than management expected, with executives pointing to broad traffic gains, social-media-driven merchandising, new store growth and higher ta
US Treasury Secretary Scott Bessent claimed on Wednesday that China is “very interested” in additional Boeing plane purchases, an issue the Trump administration plans to press when President Xi Jinping visits the United States in September. “They agreed to 200 aeroplanes during the visit. We will see if they commit to a larger number when Xi Jinping arrives in Washington,” Bessent said in his budg...
US Treasury Secretary Scott Bessent claimed on Wednesday that China is “very interested” in additional Boeing plane purchases, an issue the Trump administration plans to press when President Xi Jinping visits the United States in September. “They agreed to 200 aeroplanes during the visit. We will see if they commit to a larger number when Xi Jinping arrives in Washington,” Bessent said in his budget request testimony to the Senate Finance Committee. China’s commitment to buy 200 Boeing aircraft...
BlackJack3D/iStock via Getty Images When Alphabet ( GOOGL ) reported its first quarter results early in May, I concluded that a few years made a huge difference. From being considered a laggard in the AI race, the company has moved to the forefront in a short period of time. While momentum has been strong in the entire industry, Alphabet is among the stronger performers of the large technology nam...
BlackJack3D/iStock via Getty Images When Alphabet ( GOOGL ) reported its first quarter results early in May, I concluded that a few years made a huge difference. From being considered a laggard in the AI race, the company has moved to the forefront in a short period of time. While momentum has been strong in the entire industry, Alphabet is among the stronger performers of the large technology names. Ever since, shares have fallen almost 5% to current levels at $365 per share following a surprising and historical equity issuance, while the market at large has seen 5% returns driven by strong momentum in other AI names. This improves appeal a bit, but not yet enough to blindly buy the dip here alongside Berkshire. A Huge Equity Issuance Early in June, Alphabet announced a huge and unexpected $80 billion equity offering, designed to fund investments in world-class AI compute infrastructure, to meet unprecedented demand. The offering is somewhat complicated, comprising a $15 billion public offering of Class A Common stock and a $15 billion public offering of Class C Capital Stock. Moreover, Berkshire Hathaway has underwritten a combined $10 billion of both these Class A and C shares, at share prices of $351 and $348 and change, respectively. On top of the $40 billion in current proceeds, at-the-market programs of a combined $40 billion for both classes of shares are expected to be issued from the third quarter onwards. Note that proceeds are used for AI build-outs, capped call transactions, as well as $30 billion used to meet tax obligations this year. However, on top of this are huge capital investments, with a significant increase in 2027 capital spending seen over this year's budget of $180-$190 billion, as "significant" has not been quantified. The total equity issuance of $80 billion, or $40 billion today, implies that about 114 million shares will be issued around the $350 mark, at least for now. Those are staggering numbers, but with a share count of 12.2 billio...
Tesla Inc stock slid on Monday as investors weighed near-term stock pressure against signs that the electric-vehicle maker is recovering sales momentum across several European markets. European Registrations Show Recovery Tesla registrations rose in multiple European countries in May, with...
Tesla Inc stock slid on Monday as investors weighed near-term stock pressure against signs that the electric-vehicle maker is recovering sales momentum across several European markets. European Registrations Show Recovery Tesla registrations rose in multiple European countries in May, with...