Hut 8 Mining Slowly Steps Into Esports Space Via Partnership With Enthusiast Gaming
Hut 8 Mining (TSX: HUT) is apparently looking to muddy its once-simple investment thesis. The firm this morning announced that it is semi-stepping into the esports and gaming space via an arrangement with that of Enthusiast Gaming (TSX: EGLX). The agreement between the two firms appears to have been built around the use of Hut […]
Aztec Minerals Reports Largest Intersect To Date Of 1.49 g/t Gold Over 136.8 Metres
Results continue to be released by Aztec Minerals (TSXV: AZT) from their recently completed drill program. Drilling took place at the firms Cervantes property in Sonora, Mexico, where it previously intersected 1.0 g/t gold over 167.2 metres under the same program. The results released this morning consist of the best drill intersection to date for […]
Tesla Secures Lithium Supply From Core Lithium Via Binding Term Sheet
Tesla Inc (NASDAQ: TSLA) continues to secure its supply chain by going straight to raw material producers. It was announced late last night that the electric vehicle company has entered into a binding term sheet for the purchase of lithium spodumene concentrate with that of Core Lithium (ASX: CXO). The current term sheet proposed that […]
Is Ford Splitting Up EV and ICE?
Ford Motor Co. (NYSE: F) is set to announce that its electric vehicle (EV) and internal combustion engine (ICE) businesses will be run separately. The reorganization will allow Ford to fast-track growth in EVs. While the EV and ICE businesses will have separate names, they will remain under the Ford corporate umbrella, similar to how […]
Coinbase: Canaccord Drops Price Target From $342 to $275
On February 24th, Coinbase Global, Inc. (NASDAQ: COIN) reported its fourth quarter financial results. The company saw Q4 revenues come in at $2.5 billion, of which $2.3 billion was transaction-based revenue and the other $213 million was subscription revenue. The company noted that of the $2.3 billion in transaction revenue, $2.2 billion was all retail-based, […]
Ukraine Raises US$277 Million From War Bond Auction
In an effort to quickly shore up cash for its armed forces in wake of Russia’s invasion last week, the government of Ukraine began offering war bonds to international investors on Monday, so far raising US$277 million. On Monday, Ukraine’s Ministry of Finance jumpstarted a crowdfunding campaign with hopes of raising $1.6 billion for the […]
China: Growing Economic Challenges Will Strain Foreign Trade Even More
Foreign trade is slated for a rough year ahead, warns China, as unpredictable demand— coupled with surging inflation and labour shortages— are expected to further weigh down on the global economy. According to Reuters, which cited China’s Commerce Minister Wang Wentao, foreign trade will experience substantial pressure throughout 2022, as uncertain demand may not align […]
NIO Delivers 6,131 Electric Vehicles In February 2022
NIO Inc. (NYSE: NIO) reported today that it has delivered a total of 6,131 electric vehicles during the month of February 2022. This is lower than January 2022’s deliveries of 9,652 vehicles but a 9.9% increase year-on-year. The deliveries for the month put the company’s running 2022 total deliveries at 15,783 vehicles, a 23.3% year-on-year […]
Asia-Focused Biotech SPAC Valuence Merger I Prices US$200 Million IPO
Special purpose acquisition company Valuence Merger Corp. I (Nasdaq: VMCAU) started trading on the Nasdaq Global Market today. The firm aims to raise US$200.0 million in its initial public offering. The offering consisted of 20.0 million company units at US$10.00 per unit. Each unit contains one Class A common share and one-half of a redeemable […]
Adidas Halts Partnership with Russian Football
German-based Adidas has suspended its partnership with Russian football, joining a growing list of companies that are cutting ties with the country following its invasion of neighbouring Ukraine. “Adidas is suspending its partnership with the Russian Football Union (RFU) with immediate effect,” read a statement from the company published on Tuesday. The sportswear manufacturer made […]