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Alusid Launches Eco-Friendly Floor Tiles and Prepares for IPO

Frontier IP Group PLC

Alusid CEO Alasdair Bremner joined Steve Darling from Proactive to share exciting news about the company's latest developments. Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial arm of Topps Tiles Plc. This new range, called Mas, is made from 95% to 98.5% recycled content, depending on the color, and boasts one of the lowest carbon footprints of tiles on the market. This eco-friendly feature is particularly significant for the construction industry and its customers, who are increasingly facing carbon taxes, tougher environmental regulations, and stringent sustainability targets. Topps Tiles is expected to introduce the Mas range to retail customers later this year. Bremner highlighted that floor tiles account for approximately 60% of the total tile market. The Mas tiles have undergone extensive testing, proving to be hardwearing with porcelain-grade breaking strength. They are mass-manufactured using industry-standard equipment, with production being subcontracted to ensure high quality and efficiency. In addition to product development, Alusid has successfully raised £1.13 million from new and existing investors in January 2024. This capital injection supports the company's growth initiatives, including plans for an initial public offering (IPO) later this year. The IPO is expected to provide Alusid with the financial flexibility to expand its operations and market presence. Alusid's innovative approach and commitment to sustainability have already attracted notable customers, including Starbucks EMEA, H&M, Pret a Manger, and the BBC. The company is also in discussions with potential distributors in Northern Europe to further expand into new territories. Bremner expressed confidence in Alusid’s strategic direction, emphasizing the company’s dedication to producing sustainable building materials that meet the highest standards of quality and environmental responsibility. The launch of the Mas tile range represents a significant step forward in this mission, offering an eco-friendly solution for the construction industry. In conclusion, Alusid’s launch of its eco-friendly floor tiles, successful fundraising, and upcoming IPO plans mark a period of rapid growth and development for the company. With strong market demand for sustainable products and a robust expansion strategy, Alusid is well-positioned to make a substantial impact in the building materials industry and contribute to a greener future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 30, 2024 09:35 AM Eastern Daylight Time

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Mister Cartoon Continues Partnership with Turtle Wax to Launch Three New Art of Car Care Products

Turtle Wax

In preparation for summer, Turtle Wax is continuing its collaboration with Netflix star Mister Cartoon – the legendary tattoo artist and lowrider builder – to introduce three new car care products to its popular Art of Car Care™ line. Each of these will leave your car shining and protected all season long. The new products, developed with Mister Cartoon's expertise and passion for cars, are now available in-store or online at O'Reilly's or TurtleWax.com. Designed to elevate the aesthetic of your ride while also leaving it properly protected, these innovations expand upon the seven detailing products the duo launched in 2023, along with numerous air care products. The innovations include: All Metal Polish (SRP $13): This is not your average metal polish; it's a comprehensive solution for all your metal polishing needs, designed to bring out the best in your vehicle's metal surfaces. · Its powerful formula contains precision polishing agents that brighten metal surfaces and fight off future oxidation. · Specifically designed to restore the original reflection in chrome, aluminum, brass, stainless steel, and more, it will help to ensure your vehicle's metal parts stay as good as new – no matter what you drive. · Added ceramic infusion helps clean, restore, polish, and protect all metal surfaces, making it a must-have for long-term metal care. Quick Wax (SRP $12): Achieving the perfect, glossy shine for your ride is now a breeze, and it will remain fully protected, too. · Ceramic infusion provides notable shine to your finish, as well as protection and exceptional water repellency in minutes. · The powers of synthetic sealants and carnauba wax combine to create a stunning, mirror-like shine on all exterior surfaces. · The application is quick and easy. Simply spray on a clean, wet, or dry vehicle and wipe it off to reveal the gloss shine. · It's a hassle-free way to keep your vehicle looking its best, allowing you to focus on enjoying your ride! Tire Coat (SRP $14): Thanks to ceramic and acrylic infusion, your tires will experience unmatched, lasting brilliance and protection for up to a year, giving you peace of mind that your car's appearance is maintained for an extended period. · Tire Coat provides a deep black, high-gloss, layer-able shine, bringing water and dirt repellency while driving. · Scrub resistance means you can take your car wherever you want, even wash it, without worrying about removing the coating. · It dries to the touch in minutes and won't accumulate dirt, and you can hit the road without worrying about slinging. With a rich history of involvement in the automotive industry, Turtle Wax and Mister Cartoon are not just names but symbols of quality, artistry, and innovation. They bring a product line that caters to all car enthusiasts, whether they own a daily driver, lowrider, custom rims, whitewalls, or custom paint jobs. No matter what type of vehicle you own, you can trust the combined expertise of Turtle Wax and Mister Cartoon to deliver exceptional car care products, ensuring your car’s appearance is in safe hands. For more product information, visit TurtleWax.com or their YouTube page. To purchase, visit O'Reilly's Auto Parts online or in-store or TurtleWax.com. Don't miss out on the opportunity to experience the Art of Car Care line, a game-changer in car care. EDITOR’S NOTE Click here for product photos. ABOUT TURTLE WAX® The Turtle Wax story started with the launch of the first-ever bottled car wax in 1944. More than 75 years later, the 'Most Innovative Brand in Car Care' is still capturing the attention of the auto appearance industry with a cross-category assortment of No. 1 selling products. With product distribution in more than 120 countries, the Turtle Wax brand resonates globally. Still, the brand's heart remains in its hometown of Chicago, where award-winning innovation is still developed. For an inside look at the brand's breakthrough product development process or how Turtle Wax supports car culture worldwide, visit TurtleWax.com Contact Details The ID Agency Glenda Vaquerano glenda@theidagency.com Company Website http://turtlewax.com/

May 30, 2024 06:05 AM Pacific Daylight Time

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Bluepeak to Invest More Than $19.5 Million to Bring Fiber Optic Internet to the City of Muskogee

Bluepeak

Bluepeak is investing more than $19.5 million to expand its fiber-to-the-home (FTTH) network to the City of Muskogee, Oklahoma. The network expansion will bring a new fast, affordable, reliable fiber broadband option to more than 16,000 homes and businesses in Muskogee starting in 2024. Previously announced in 2022, Muskogee is one of several new expansion markets for Bluepeak slated for launch in 2024 and 2025, and has actively moved into the design and engineering phase. “This marks a significant milestone for Muskogee. Cutting-edge fiber technology to our homes and businesses ensures that Muskogee stays ahead in the digital landscape,” said Planning and Community Development Director, Jody King. “We are excited that Bluepeak has been submitting permits for their planned build and are ready to support this project and the many benefits it will bring to our community.” “We are thrilled that Bluepeak’s investment in Muskogee’s broadband infrastructure is progressing, with the completion of their permitting process and imminent construction,” said Avery Frix, Senator-elect. “This initiative not only provides our community with choices for connectivity but also supports economic development, education, and overall quality of life. We look forward to seeing the positive impact this will have.” Since 2021, Bluepeak has been dramatically improving broadband options by bringing fast, reliable, affordable fiber internet to residents of Oklahoma, Wyoming, South Dakota, North Dakota, and soon, Texas. The latest network expansion investment is part of Bluepeak’s larger plans to invest more than $200 million to continue building out its network in its currently served markets, reaching more than 200,000 new locations with its fiber network in 2024 and 2025. With Bluepeak service, customers get fiber-fast speeds, equal upload and download speeds and whole-home WiFi. Bluepeak service features all-in pricing, where the price on the website is the price on the bill, with a minimum service tier of 1 gigabit-per-second (Gbps). Homes can get up to 5 Gbps and businesses 10 Gbps and beyond. Each fiber internet speed package includes Wi-Fi powered by eero, along with the added value of eero Secure, which protects devices from online threats, ads and allows for customized content filtering. Bluepeak's fiber network provides reliable connectivity and the bandwidth to connect more devices for internet, streaming, gaming and more. Ultimately, Bluepeak service increases broadband competition for internet consumers by providing a fast, reliable, affordable choice for internet in communities where options have traditionally been very limited. According to the Federal Trade Commission, competition “benefits consumers by keeping prices low and the quality and choice of goods and services high.” In addition, a 2020 report by Federal Reserve Bank of Richmond on “Bringing Broadband to Rural America” determined that broadband access and adoption is linked to increased job and population growth, higher rates of new business formation, higher home values, and lower unemployment rates. Those in Muskogee interested in more information on Bluepeak service availability and details on the construction process can sign up for updates by entering their service address at mybluepeak.com. About Bluepeak Bluepeak is a new kind of internet provider bringing fast, reliable, affordable internet to places that have needed better options for too long. The company has roots serving Great Plains and Midwest communities going back more than 30 years. As the need for internet in the region has evolved so has Bluepeak, upgrading and expanding service to several markets in South Dakota, southwest Minnesota, Oklahoma, Wyoming and North Dakota with the newest cutting-edge technology. These expansion efforts include multi-million-dollar infrastructure projects, community involvement and growth through local hires. Bluepeak is earning the trust of customers and businesses through simple, affordable offerings, responsive, reliable customer service and transparent pricing. The company’s unique approach to delivering internet service has earned Bluepeak accolades for customer satisfaction, network performance, workplace culture and meaningful community partnerships. Visit www.mybluepeak.com to learn more. Contact Details Parnomi PR, on behalf of Bluepeak +1 574-208-9090 media@parnomi.com Company Website https://www.mybluepeak.com

May 30, 2024 07:00 AM Mountain Daylight Time

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Postie Debuts New CRM Optimization Engine to Maximize the Lifetime Value of Customer Relationships

Postie

Postie, the leading innovator of direct mail automation solutions, today announced the launch of its CRM Optimization engine, designed to enable businesses to automatically optimize customer relationship management (CRM) data helping brands achieve incremental profitability. The CRM Optimization algorithm runs campaigns autonomously using machine learning to maximize the lifetime value of customer relationships and improve return on investment (ROI), becoming more intelligent and delivering improved results with each successive campaign. As a marketing technology company that uses data science to transform direct mail into a performance-based digital platform for CRM and acquisition marketers, Postie's CRM Optimization algorithm uses advanced machine learning techniques to continuously analyze a company's entire CRM database and autonomously identify the most promising customers for direct mail campaigns. The algorithm uses a deep reinforcement learning modeling technique to pinpoint the optimal time to mail target audiences, increasing sales and deepening customer loyalty. The addition of CRM Optimization to Postie’s offerings has resulted in the following new capabilities for brands and marketers: Automatically identifying the best audience by finding the most promising segments within a brand’s CRM database, ensuring targeted and effective campaigns. Personalized recommendations on which products or offers to send to each audience segment, maximizing engagement and conversions. Real-time optimization by continuously learning from campaign performance and adjusting strategies, optimizing results and minimizing wasted ad spend. Analyze data by leveraging several years of transaction and mailing history to gain deep insights into customer behavior and preferences. Increase revenue by identifying a missing purchase window that exists for an individual and trigger a direct mail piece at the right time for conversion. Improved customer engagement by identifying high and consistent spenders, excluding people who should not be mailed beyond what they are already receiving. Reduced churn by providing a cohesive CRM offering that companies with large CRM databases will more easily see the value in during the sales or renewal process. Postie users employing CRM Optimization have witnessed significant campaign performance improvements. One outdoor retail brand’s campaign saw an average order value of $275, surpassing previous campaigns. Postie’s CRM Optimization audience outperformed the brand’s previous method of randomly pulling additional CRM contacts into the campaign by three times. The brand experienced a $200 increase in AOV and a remarkable 3951% return on ad spend (ROAS). This represents a staggering 2,488% incremental ROAS, indicating the tool's ability to identify high-value customers and drive incremental revenue. “CRM Optimization is a game-changer for large brands and retailers that want to get the most out of their CRM data and direct mail marketing strategies. Our algorithm learns as it goes, getting more accurate as time goes on, so our clients can be confident that they’re making the most intelligent decisions on how to interact with their customers,” said Dave Fink, CEO & Co-founder, Postie. “By utilizing our machine learning algorithm, brands can identify the right customers to mail and the right time and frequency to mail them, leading to significant increases in incremental revenue. We’re excited to offer something unique for companies with large CRM databases to more easily see the value during sales and renewal processes.” Postie's CRM Optimization engine is available now. To learn more or to book a demo, visit https://postie.com/crm-optimization/. About Postie Postie, a trailblazing marketing technology company, has revolutionized direct mail by infusing it with digital capabilities. As a leading end-to-end direct mail campaign platform, Postie is steeped in data science and purpose-built for empowering CRM and acquisition marketers with smarter targeting, simpler execution, and stronger measurement. Postie's robust platform offers an array of tools for optimizing direct mail campaigns through testing and attribution, with clients achieving an average campaign ROAS of 1,382%. For more information, visit: postie.com Contact Details Kite Hill PR for Postie +1 724-787-1565 postie@kitehillpr.com

May 30, 2024 09:00 AM Eastern Daylight Time

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Silver Prices Surging – How Market Conditions Are Affecting The Price Of Silver

Benzinga

By Anthony Termini, Benzinga Precious metal prices are significantly influenced by investor sentiment, much like stocks and bonds. This can lead to routine price fluctuations, sometimes large and erratic, where the volatility can create both challenges and opportunities for investors. A comparison of price movements in gold (represented by the SPDR Gold Shares ETF (NYSE: GLD)) and silver (represented by the Silver Benchmark Index (CME: SGICSIB)) since last May reveals two key insights. First, gold and silver prices are closely correlated. Second, silver prices exhibit greater volatility than gold prices, with more pronounced price swings in both directions. While daily price swings can be unnerving for investors, they can also create trading opportunities, offering the potential for higher returns for investors that are aware of the volatility. A Hedge Against Uncertainty And Inflation Precious metals have long been viewed as a hedge against inflation and used to preserve wealth during times of economic or geopolitical instability. History has demonstrated the correlation, with gold and silver prices often surging in response to crises and turmoil. The price of gold doubled in less than five years from $272/oz in August 2001 to $549/oz in January 2006 following the September 11th terrorist attacks. Similarly, gold rallied during and after the 2008 global financial crisis, and most recently, the Israel-Hamas war has exacerbated geopolitical tension, further driving up demand for the yellow metal. Silver has also historically offered advantages even during economic uncertainties. According to the Silver Institute, when markets go into “risk off” mode (i.e., decline), silver is seen as a relatively safe and inexpensive investment that has typically delivered positive returns. Yet under “normal” circumstances of economic expansion, silver exhibits a positive correlation with stock market performance as reflected in its relationship with indices such as the S&P500. This demonstrates the metal’s dual nature, as industrial consumption accounts for more than half of the silver demand, according to the World Silver Survey 2023. Surging Industrial Demand for Silver The transition towards a more sustainable future and the growth of clean energy technologies have positioned silver as a critical component in numerous industries. Sectors such as electric vehicles, green energy infrastructure, and consumer electronics, all rely heavily on silver for its unique properties and applications. The increasing adoption of electric vehicles and the expansion of charging infrastructure will further drive the demand for silver, as it plays a crucial role in the manufacturing of batteries and electrical components. Furthermore, photovoltaic cells, used in solar panels, require significant amounts of silver for their efficient operation. Additionally, silver's exceptional electrical conductivity and durability make it an essential material in the production of wind turbines and other renewable energy systems. The continued growth of these industries could boost demand and support higher silver prices. This positions silver as an attractive investment opportunity, especially given its historical performance as a hedge against inflation and economic uncertainties While the demand for silver is expected to surge, the supply side may struggle to keep pace. According to Sprott, a global investment manager specializing in precious metals, “ supply will not keep up with growing demand as we do not see enough projects in development to generate the kind of production levels in question”. Investors looking to capitalize on that potential upside in silver prices may want to consider mining companies that offer significant silver exposure. These companies, which are directly involved in the exploration, extraction, and production of silver, can provide a direct avenue for investors to gain exposure to the underlying commodity. What Are Some Investment Plays In Silver?Silvercorp Metals Inc. (AMEX: SVM) Vancouver, Canada-based Silvercorp Metals Inc. (AMEX: SVM) is a silver producer with an 18-year track record of profitable operations and consistent growth. In its most recent quarter, silver accounted for 59% of total revenue — one of the highest among its peer group of silver miners. In fiscal year 2023, Silvercorp produced 6.6 million ounces of silver at an all-in sustaining (AISC) cost of $9.73/oz, net of by-products. This low production cost translates into industry-leading profit margins, enabling the company to build a strong balance sheet with approximately $198 million in cash (and no debt) without external financing. While Silvercorp's single-jurisdictional focus has led to undervaluation in the current market, the company is exploring strategic acquisitions to broaden its scope and address this perception. In April, Silvercorp announced a friendly deal to acquire Adventus Mining Corp. (OTC: ADVZF) in an all-stock transaction worth around $146 million. Adventus’ flagship asset is the permitted, high-grade El Domo copper-gold project in Ecuador. This acquisition offers a potential for re-rating, driven by increased scale, a significantly enhanced growth profile, and the establishment of a presence in an emerging, mining-friendly jurisdiction. Pan American Silver Corp. (NYSE: PAAS) Pan American Silver Corp. (NYSE: PAAS ) operates silver and gold mines in North, Central and South America. The company is one of the largest silver producers globally but has a high AISC profile almost twice that of Silvercorp. Pan American is actively divesting its non-core assets. Recently, the company agreed to sell its La Arena project in Peru to Zijin Mining. The deal includes an upfront cash payment of $245 million and a $50 million future contingent payment. New Pacific Metals Corp. (AMEX:NEWP) New Pacific Metals Corp. (AMEX: NEWP) may be a more speculative play as a development-stage company than the other established silver producers. However, New Pacific owns promising mineral assets in Bolivia, and its flagship Silver Sand project is ranked among the top undeveloped silver projects in the world. In 2023, a Preliminary Economic Assessment (PEA) outlined a post-tax Net Present Value (5% discount) of $ 726 million and an Internal Rate of Return of 39%. Their other project, Carangas, could be even bigger, with a PEA expected to be released later this year, further cementing the company’s value. As of Mar. 31, this year, New Pacific had around $25 million in working capital, providing ample resources to continue advancing their projects. Investors in exploration companies can realize substantial returns once the market recognizes the value of the project or if they are acquired by larger players. Other industry peers have shown interest in New Pacific as the company is backed by both Silvercorp (which owns a 27% stake) and Pan American, the latter of which recently increased its stake to 12%." Endeavour Silver Corp. (NYSE: EXK) Endeavour Silver Corp (NYSE: EXK) is an established silver miner with operations in the United States, Mexico and Chile. In 2023, the company produced 5.6 million ounces of silver at an AISC of US$22.93/oz net of by-products, with silver accounting for more than half of the revenue mix. As the global economy navigates through uncertainties and potential headwinds, precious metals may continue to shine as a compelling investment opportunity. By understanding the economic drivers and market sentiment influencing these commodities, investors can position themselves to capitalize on the potential upside while mitigating risks through diversification. Featured photo by Geizkragen69 on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 30, 2024 08:45 AM Eastern Daylight Time

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This Mark-Cuban-Backed Company Is Creating Waves In The Creator Economy

Overplay

By Faith Ashmore, Benzinga Ever since the pandemic, the creator economy has taken off in ways that few would have predicted. While the 21st century had already seen YouTube stars making seven-figure salaries, the pandemic made the creator economy far more accessible to a larger number of people. In 2023, the creator economy was worth $250 billion, and it is predicted that by 2027, it could reach more than $480 billion. According to a report by Goldman Sachs Research, it's expected that 50 million global creators will grow at a 10-20% compound annual growth rate during the next five years. This significant expansion in the creator economy has ample room for continued development. Individuals are finding new opportunities to monetize their skills and creativity across a number of platforms. This has led to an increase in the variety of content being produced, from vlogs and tutorials to artwork and music. The rise of subscription-based platforms and the implementation of creator monetization tools has further fueled this expansion, providing creators with the means to generate income directly from their fanbase. Of course, earning their share in ad revenue remains important for creators who are monetizing on platforms like YouTube, TikTok and Instagram. However, while user-generated content is becoming more and more valuable, this trend hasn’t yet fully emerged in the gaming format because games until now have been difficult, time-consuming and expensive to make. A New Creator Platform That Leverages Interest In Video Games In today's digital landscape, where, according to YouTube, 1 billion hours of video are watched on YouTube daily, and short-form videos are found to be highly engaging by almost 70% of consumers, Overplay has emerged as a revolutionary addition to the creator economy. Overplay empowers creators to effortlessly transform their videos into interactive games, requiring no coding skills. This game-changing solution addresses the demand for engaging and interactive content, enabling creators to tap into the world of gaming in just minutes. The platform also helps content creators do more with their existing content, making playable experiences for their fans without intensive labor. Overplay extends its value to brands as well, offering the opportunity to create playable game ads at a fraction of the cost and time required by traditional methods. Imagine the NBA creating playable highlight reels, movie studios releasing trailers that are games and car companies making commercials where you virtually test drive their cars! Moreover, playable ads yield a 7x higher conversion rate compared to other ad formats. The company's success is evident through impressive figures, including over hundreds of thousands of app downloads and millions of games played. When stacked against a regular YouTube video, a gamified version of that same video garners 23 times more engagement, proving the significant potential of Overplay as a new approach to content creation and consumption. When Overplay appeared on the latest season of Shark Tank, it was no surprise that the company managed to catch the attention and investment of Mark Cuban, who later said at SXSW, “I like to geek out with the good stuff, Overplay is the good stuff!” Overplay operates at the nexus of a $574 billion digital media landscape that encompasses social media, advertising and gaming and is revolutionizing content creation. It introduces fresh, lean-in interactive experiences that surpass the lean-back approach to video that we are all used to. Recognizing the need for faster and cost-effective game development, the founders of Overplay have harnessed the power of interactivity to create content that is highly replayable and, as a result, more valuable to both creators and players alike, especially as they strive to achieve high scores. With its innovative approach, Overplay is making its mark as a transformative force within the creator economy. Featured photo by Andre Hunter on Unsplash. Overplay is revolutionizing a $574 billion digital media landscape with the first frictionless platform for user-generated games.With Overplay, everyone can turn their videos into games and share them with the world — in minutes, for free, with no code. Overplay’s app can be used to quickly and easily make games from anything: funny moments with your friends, cat memes, cooking tutorials, extreme sports POVs, and more!Imagine the NBA creating playable highlights reels, movie studios releasing trailers that are games, and car companies making commercials where you virtually test drive their cars. Overplay’s app and licensable technology allows billions of creators, social media users, and brands to amplify audience engagement by making their content interactive.Overplay sits at the intersection of three massive markets: social media, video advertising, and casual gaming. We are merging everything that makes these markets successful into one revolutionary form of digital media that will be consumed and created by BILLIONs of potential Overplayers worldwideWith Overplay’s API, brands can apply a thin layer of gaming on top of videos already being streamed in advertisements. Because our technology is so simple and takes only a few minutes, Overplay cuts down on thousands of hours of production time and millions of dollars in costs for brands to leverage this highly engaging ad format. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Caroline Strzalka caroline@overplay.com Company Website https://overplay.com/

May 30, 2024 08:40 AM Eastern Daylight Time

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BitFuFu Q1 Earnings: Adjusted EBITDA Up 430.9% To $49.4 Million On Revenue Growth Of 149%, Cash Position Rises To $163.7 Million

Benzinga

By Meg Flippin, Benzinga BitFuFu Inc. (NASDAQ: FUFU), the digital asset mining company based in Singapore, posted first-quarter revenue that soared 149% year-over-year, buoyed by strong demand for its Bitcoin mining services. For the first three months of the year, total revenue was $144.4 million compared to $58 million in the year-ago first quarter. Net income of $35.3 million was much higher than the $2.7 million reported in Q1 2023 while adjusted EBITDA increased 430.9% to $49.4 million. Revenue from BitFuFu’s cloud-mining solutions rose 181% year-over-year, while sales from Bitcoin self-mining operations grew 117%. The company’s cash position also increased, hitting $163.7 million as of the end of March. BitFuFu ended 2023 with $76 million in its coffers. “BitFuFu had a very strong quarter. We are actively taking steps to reduce operational costs, increase margins and decrease our carbon footprint. Our ability to generate cash and strengthen our balance sheet ideally positions us to capitalize on growth opportunities going forward,” Leo Lu, BitFuFu’s chairman and CEO, said on a conference call to discuss first-quarter results with Wall Street. “These factors combine to form what we believe is a compelling strategy that will create long-term sustainable shareholder value.” Key Areas Firing On All Cylinders During the quarter, BitFuFu saw strong growth in key business areas, including registered users, hosting capacity and Bitcoin production by customers. Hosting capacity is up 25.5% to 644 MW, while registered users hit 321,184, a 63.5% increase from last year’s first quarter. The growth in cloud registered users is notable given the market is concentrated with the top five players accounting for 75% of the market in terms of revenue last year, according to data BitFuFu cited from Frost & Sullivan. BitFuFu's ability to increase users amid intense competition is a testament to its leadership. The company says it's the largest player in this segment, accounting for a third of the market in 2023. That may appeal to investors, given the growth of BitFuFu’s U.S. counterparts. Take Riot Platforms Inc. (NASDAQ: RIOT) for starters. The company, which is known for keeping costs for customers at bay, is in acquisition mode, recently offering $930 million to acquire bitcoin miner Bitfarms Ltd. (NASDAQ: BITF). Then there is Marathon Digital Holdings Inc. (NASDAQ: MARA), which has seen bitcoin mining output growth similar to BitFuFu. Its stock is up more than 120% compared to a year ago. The same story is playing out at Cleanspark Inc. (NASDAQ: CLSK). Amid brisk demand, its market cap stands at over $4 billion. BitFuFu’s market cap pales in comparison but that may not be for too long if the company has its way. “BitFuFu has experienced significant growth over the past four years as the value proposition of our cloud mining services increasingly gains traction. The one-stop service we provided to customers is a more efficient and convenient way for customers to mine Bitcoin, and a more profitable way for them to acquire Bitcoin at reasonable cost,” said Lu. “During the first quarter, demand for cloud mining services continued to grow, driven in large part by the increase in the price of Bitcoin.” Bitcoin production by customers from cloud-mining solutions increased 53.0% to 2,096 BTCs. Meanwhile, the cost to mine BTC from self-mining operations averaged $39,182 per BTC versus US$21,908 per BTC in 2023. Total mining capacity under management increased 52.1% to a record 28.6 EH/s, compared to 18.8 EH/S during Q1 2023. Given its position in the market, Lu said the company is confident in its ability to continue growing revenue as it acquires more users (both registered and paying) and expands the number of miners with the strong support of its long-term partner Bitmain Technologies Ltd., which makes Bitcoin mining hardware. Reputation is everything in the cloud mining industry, and counting Bitmain as an exclusive partner gives BitFuFu even more credibility. Keeping Costs At Bay When it comes to running a cloud mining company, keeping costs in line is key to profitability, and BitFuFu kept a focus on it even during the quarter. Take its hosting capacity for one example. Lu said on the call the company is reducing hosting and power costs by exploring opportunities to acquire existing facilities or build new mining infrastructure in the U.S. and other geographies. “We are currently in negotiations with operators of existing mining facilities on the potential for joint ventures or acquisitions. We are also considering greenfield projects. Some of these projects have made meaningful progress and are in the final stages,” said Lu. Then there’s its pursuit of future power supply resources and renewable energy to support its efforts to reduce operational costs, increase revenue streams and achieve carbon-neutral operations. To hedge against grid dependency and the fluctuating cost of power, which Lu said is crucial to stabilizing operations, BitFuFu is exploring off-grid opportunities including flare gas, which to date is underutilized by the industry. “We are excited to announce the launch of our first small-scale flare gas deployment in Texas in partnership with one of the region's most proactive developers,” said BitFuFu’s CEO. ”Following a successful proof-of-concept, we expect the project to be fully operational by the end of 2024 where it will lower our mining costs and increase our gross margins.” Expanding Its Offering If that isn’t enough for the mining services company, BitFuFu is ensuring it continues to drive growth across its business by expanding into new products and services that will benefit the overall industry and make BitFuFu more money. One example is a mining facility management system BitFuFu built for mining facilities it and its partners operate. Currently, the system manages over 50,000 mining rigs and helps the company enhance and refine miner management, including through the timely detection of mining rig failures and potential risks and the ability to directly adjust the operating mode of the machines to optimize their profitability. “In the future, by providing this system to more mining facilities and partners, we believe we can increase BitFuFu's brand recognition and expand our partnerships and resources,” said Lu. When it comes to mining for digital assets through the cloud, speed, reliability and reputation are key to making money. Most are looking for a secure provider that will be around for the long haul. BitFuFu seems to check off all the boxes, and judging from its first-quarter earnings results, customers agree. Featured photo by Kanchanara on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 30, 2024 08:35 AM Eastern Daylight Time

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Gladiator Expands Whitehorse Copper Project, Stakes Claims at Jackson Prospect

MarketJar

Disemminated on behalf of Gladiator Metals Corp. Gladiator Metals Corp. (TSX-V:GLAD) (OTCQB:GDTRF) is a mineral exploration company focused on advancing high-grade copper projects. With a strategic emphasis on the Whitehorse Copper Belt in Yukon, Canada, Gladiator is committed to uncovering and developing significant copper resources. The company's exploration efforts have already identified promising copper skarn mineralization at Cowley Park and the newly staked Jackson Copper Skarn prospect. Gladiator ’s team leverages historical data and modern exploration techniques to expand their resource base, aiming to create substantial value for shareholders through the discovery and development of high-grade copper assets. Gladiator Metals Corp. (TSX-V:GLAD) (OTCQB:GDTRF) has recently expanded its Whitehorse Copper Project by staking 55 new claims, adding 11.3 km² of tenure to encompass the Jackson Copper-Skarn prospect. This new prospect lies 15 km west of the existing claims and covers over 6 km of prospective strike between Cretaceous intrusive bodies and Triassic metasediments, which is a key control on mineralization in the Whitehorse Copper Belt. Historical exploration at the Jackson Copper-Skarn prospect has revealed significant potential. Shallow drill results have intersected high-grade copper skarns with notable intersections including 6.12m at 5.61% Cu, 1.03 g/t Au, and 247 g/t Ag from 55.14m, 10.67m at 6.45 g/t Au from 71.02m within 21.88m at 3.45 g/t Au, and 1.99m at 4.0 g/t Au from 19.35m). Undrilled target areas with high-grade copper skarn mineralization have also been identified on the surface. These include the Franklin Target with rock chip samples showing up to 9.4% copper (Cu), 6.36 g/t gold and 30% Cu, the Hamilton Target with samples revealing up to 3.48% Cu (10.4% zinc) and 1.69% Cu (42.9% Zn), and the Janet Target with samples indicating up to 7.85% Cu and 16.59 g/t gold associated with magnetite skarns and elevated Fe values. Initial airborne magnetics conducted by previous explorers have highlighted undrilled high-magnetic anomalies over more than 4.4 km of strike, indicating further exploration potential. Gladiator Metals Corp. (TSX-V:GLAD) (OTCQB:GDTRF) has begun its summer exploration program, which includes mapping and sampling, with drone magnetics planned for later in the season. The Jackson Prospect has been intermittently explored by historical explorers through spatially constrained soil sampling, mapping, trenching, and approximately 1,901m of diamond drilling across 24 drill holes. This historical work, supported by limited airborne magnetics conducted in 2014 by Precision Geophysics, highlighted over 4.4 km of untested magnetic anomalism coinciding with high magnetic response areas, outcropping magnetite-copper skarns, and the mapped contact between Cretaceous intrusions and Triassic limestones. Outside the drilled area, further undrilled and underexplored mineralized targets remain. These are highlighted by high-grade copper skarn mineralization exposed on the surface for over 6 km and include the Franklin Target, the Hamilton Target, and the Janet Target. With the start of summer exploration programs, Gladiator Metals is looking forward to updating the market with further news from the Whitehorse Copper Belt in the coming weeks. Gladiator Metals Announces Significant High-Grade Copper Assay Results from Cowley Park On May 28, Gladiator Metals Corp. (TSX-V:GLAD) (OTCQB:GDTRF) announced assay results for additional historic drill holes at Cowley Park, further defining the high-grade copper skarn mineralization. Key results include 10.3m at 1.92% Cu and 1459 ppm or.15% Mo from 131.7m, 10m at 1.07% Cu from 49m (within 24m at 0.63% Cu from 35m), and 8m at 1.02% Cu from 105m. The results highlight areas for significant exploration upside. The southeastern extension has a potential extension of over 100m to the east. The northeastern extension shows 43.28m @ 2.24% Cu from 93.27m, remaining open to the east. Initial drilling indicates unexplored sub-parallel trends. A significant fault may have displaced the main mineralized body, suggesting potential westward extension. Mineralization remains open at depth, with significant intervals reported. CEO Jason Bontempo emphasized the importance of these findings, noting that they define the continuity and scale of high-grade copper mineralization at Cowley Park and identify new exploration targets for future programs. Click here for more information about Gladiator Metals Corp. (TSX-V:GLAD) (OTCQB:GDTRF). Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Gladiator Metals Corp. Market Jar Media Inc. was paid $1,500 USD for the production and publishing of this article by Gladiator Metals Corp.’s Digital Marketing Agency of Record (Native Ads Inc.). 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Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Gladiator Metals Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Gladiator Metals Corp.’s industry; (b) market opportunity; (c) Gladiator Metals Corp.’s business plans and strategies; (d) services that Gladiator Metals Corp. intends to offer; (e) Gladiator Metals Corp.’s milestone projections and targets; (f) Gladiator Metals Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Gladiator Metals Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Gladiator Metals Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Gladiator Metals Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Gladiator Metals Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Gladiator Metals Corp.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Gladiator Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Gladiator Metals Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Gladiator Metals Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Gladiator Metals Corp.’s business operations (e) Gladiator Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Gladiator Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. 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The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 30, 2024 08:30 AM Eastern Daylight Time

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The Meme Stock Revival Saw GameStop (NYSE: GME) Shares Surge Above 120%: VantagePoint’s A.I.-Driven Forecasting Software Saw It Coming A Week Earlier

Benzinga

By James Blacker, Benzinga Meme stocks have once again rocked the financial markets, with GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) seeing dramatic spikes in recent weeks. Shares of GameStop soared 74% on May 13 after social media influencer and investor Keith Gill, who was instrumental in the 2021 meme stock frenzy, made his first social media post in three years. Similarly, other meme stocks saw massive surges, such as AMC, which rose nearly 80%, and Koss Corporation (NASDAQ: KOSS), which more than doubled. While the share prices of GameStop and AMC seem to have now settled down, the resurgence of meme stocks has reignited the discussion about their volatility and unpredictability. While making money with meme socks is possible, it is considered by many to be risky and relies heavily on timing the market. GameStop shares opened at $26.34 on May 13. At the time of writing, however, the stock is trading at $22.12, which means that traders who entered long positions after Gill’s social media posts on May 11 and 12 would be in the red. A month ago, the stock was trading at around $10, which means those who got in early would be up some 120%. Staying Ahead Of The Curve While humans can be notoriously bad at timing the market, advanced predictive tools are invaluable for traders and investors looking to capitalize on events like the meme stock resurgence. Amid such a landscape, the right tools are essential, and VantagePoint’s A.I.-driven market forecasting software has proven its ability to predict the momentum and trends of stocks like GameStop and AMC before they take off, with up to 87.4% historical accuracy. Combined with its dual-patented intermarket analysis, which compiles and analyzes data about the interconnectedness of global markets, VantagePoint reports that its AI software saw the GameStop confirmed trend reversal as early as May 3rd, long before the broader market reacted to it. VantagePoint claims that its software gives traders precise forecasts of a trend’s direction from one to three days in advance, in addition to predictions of the next day’s high and low. It makes forecasts for over 2,300 stocks, ETFs, futures, forex pairs, commodities and cryptocurrencies every single day. The company has been using A.I. to forecast the markets for over three decades, which means three decades that its neural networks have been learning and getting more and more accurate. In line with the company’s vision to empower investors daily, VantagePoint was the first trading software developer in the world to introduce strategy back-testing capabilities in trading software for personal computers. In February 2020, long before the A.I. explosion, the company announced that its predictive accuracy had increased to 87.4%. Since introducing its first trading software in 1983, VantagePoint has grown into a multi-million dollar, Inc. 500, trading software company with over 40,000 customers in more than 160 countries. The company has also won multiple awards, including “Best Predictive A.I. Software For Trading” by A.I. World Finance in 2023. The company also partnered with Benzinga in 2022 for a four-part series to help traders. With the resurgence of social media-driven volatility, VantagePoint’s early insights could give traders and investors the edge they need to stay ahead of the curve. Find out more at www.vantagepointsoftware.com. Featured photo by Yorgos Ntrahas on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. The above (GME) chart is from past data and is atypical. Trading involves risk. Past results do not guarantee future performance. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 30, 2024 08:30 AM Eastern Daylight Time

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