Why Is A Chinese Bitcoin Farm In The US, Next To A Data Center Supporting The Pentagon?
Last year, a Chinese company embarked on the construction of a crypto-mining operation in Cheyenne, Wyoming, raising concerns among Microsoft’s national security threat assessment team. The site’s proximity to a Microsoft data center supporting the Pentagon and its 1.6-kilometer distance from an Air Force base controlling nuclear-armed intercontinental ballistic missiles prompted Microsoft to express the […]
Liberals Lose Ground As Conservatives Strengthen Lead In Polls
Canadian Prime Minister Justin Trudeau has a tough electoral environment ahead of him as the latest prediction model from 338Canada has his party down a few more percentage from the last survey, while the Conservatives are gaining more ground and solidifying its lead among voters. The prediction model supposes that Conservatives will win 194 seats […]
Power Nickel To Raise $2.75 Million For Further Exploration At Nisk
Power Nickel (TSXV: PNPN) is raising funds for the further exploration of its flagship Nisk nickel PGM property in Quebec.
Teck Resources Misses Q3 Steelmaking Coal Guidance
Teck Resources (TSX: TECK.B) has failed to meet guidance for the third quarter when it comes to steelmaking coal sales. Steelmaking coal sales amounted to 5.2 million tonnes, falling short of the lower end of guidance by 7.7%. The company had previously indicated that it expected to sell between 5.6 to 6.0 million tonnes during […]
Tourmaline Oil Drops $1.45 Billion To Further Consolidate Alberta’s Deep Basin
Tourmaline Oil (TSX: TOU) is increasing its control of the Alberta Deep Basin, announcing this morning the $1.45 billion acquisition of Bonavista Energy. Already the largest producer in the region, the transaction is said to add decades of inventory to while complimenting a long term organic growth plan. The purchase will add over 60,000 boepd […]
Biden Pledges $7 Billion For Hydrogen Hubs
Seven regions spanning from Pennsylvania to California will collectively receive $7 billion in funding to establish the United States’ inaugural regional hubs dedicated to developing hydrogen as a sustainable alternative to oil and gas. Joe Biden unveiled these ambitious projects during a visit to the Tioga Marine Terminal at the Port of Philadelphia. In his […]
New York Declines Further Funding For Offshore Wind Projects
New York’s ambitious offshore wind projects are now under scrutiny. The New York Public Service Commission (PSC) has declined petitions from the state’s primary offshore wind developers, joint ventures of Equinor-BP and Orsted-Eversource, which sought considerable contract rate increases—some as high as 55%. The rejection puts nearly all of New York’s 4.3GW of contracted offshore […]
Rite Aid Files For Bankruptcy After Delaying Financial Results Last Week
Rite Aid (NYSE: RAD) filed for Chapter 11 bankruptcy on Sunday in New Jersey after grappling with numerous lawsuits tied to the opioid crisis. The company has been unable to generate the funds required to settle these claims, which allege over-supply of prescription painkillers. Founded 61 years ago, the company now risks over 47,000 jobs […]
Albemarle Walks From Multi-billion Acquisition Of Liontown Resources
Albemarle (NYSE: ALB), a major lithium producer, has walked away from a deal that would have seen it acquire Australia-based Liontown Resources in a A$6.6 billion transaction. In a release issued earlier today, Albemarle indicated that it had “formally withdrawn its non-binding offer,” which comes as nears the end of its exclusive due diligence process […]
Taylor Swift’s Eras Tour Film Brings In $95 – $97 Million In Opening Weekend
Taylor Swift’s concert movie, “Taylor Swift: The Eras Tour”, has secured its place as one of the highest-grossing concert films ever. In its opening weekend, it outshone concert films from icons like Justin Bieber and the late Michael Jackson, raking in between $95 million to $97 million in US and Canadian theaters. AMC Entertainment Holdings […]