Green Energy: Encomiums As Bitcoin Mining Goes Nuclear in the U.S.

The US’s first nuclear-powered Bitcoin mining facility has now been completed, drawing crypto closer to its renewable energy commitment. The 300,000-square-foot data centre in Northeastern Pennsylvania will generate over 48 MW of energy for powering an in-house data centre and a Bitcoin mining facility. The first of its kind in the US, Talen Energy’s Cumulus data centre, which is directly […]

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Better-than-expected Earnings Drives Up Proto Labs Shares

Shares of Proto Labs, Inc. (PRLB) are rising more than 20% after reporting better-than-expected results in the fourth quarter. The company reported net loss of $115.1 million, or $4.24 per diluted share in the fourth quarter, driven by a goodwill impairment charge of $118.0 million. Last year the company had net income of $11.91 million or Excluding one-time items, earnings […]

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Bitcoin Golden Cross Could See $BTC Move to $25,000 in ‘Nail in the Coffin’ For Bears

The price of the flagship cryptocurrency Bitcoin ($BTC) could soon surge to the $25,000 mark and put a “nail in the coffin” of $BTC bears and short sellers, as the cryptocurrency’s 50-day moving average rises above its 200-day moving average. According to Investopedia, there are three stages to a golden cross, with the first one requiring a downtrend to eventually bottom […]

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Lithium Americas Up 9% On Favorable Ruling For Thacker Pass

Shares of Lithium Americas Corp. (LAC) are rising more than 9% Tuesday morning at $25.65. Monday Lithium Americas said it received a favorable ruling from the Nevada District Court, which allows the company to commence construction in its Thacker Pass project in Nevada. “The favorable ruling leaves in place the final regulatory approval needed in moving Thacker Pass into construction,” […]

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DuPont Q4 Results Miss Estimates; Boosts Dividend 9%

DuPont de Nemours, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts’ expectations. The company also provide guidance for the first quarter and the full-year 2023, […]

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Short Bitcoin Flows Gain Momentum, but Long Bitcoin Still Reigns, Reports CoinShares

CoinShares, a Europe-based digital asset investment and trading group, digital asset investment products received a total of $76 million in inflows last week. According to the blog post by James Butterfill published on Monday (6 February 2023), which examined inflows into digital asset investment products for the week ending on 3 February 2023, this was the fourth consecutive week of […]

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Cryptos Slide As Jobs Data Dashes Hopes Of A Quick Fed Pivot

Cryptocurrencies declined more than 1 percent in the 24 hours amidst negative sentiment following economic data releases from the U.S. on Friday that implied a resilient U.S. economy and a likely continuation of the tight monetary policy. Data released by the U.S. Bureau of Labor Statistics had showed an addition of 517 thousand non-farm payrolls in the month of January. […]

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