Crypto Mining and Technology Updates
Several cryptocurrency mining companies released their operational updates for September 2024, highlighting their strategies to adapt to evolving market conditions.
HIVE Digital Technologies (NASDAQ: HIVE) reported mining 112 Bitcoin in September, increasing their HODL portfolio by 50% to 2,604 BTC. The company plans to upgrade its ASIC fleet to reduce production costs. Read More
Hut 8 Corp. (NASDAQ: HUT) announced progress in scaling its compute layer, hosting next-gen ASIC miners with BITMAIN, targeting 15 EH/s hosting deployment by H1 2025. The company mined 85 Bitcoin in September and has 9,106 BTC on its balance sheet. Read More
TeraWulf Inc. (Nasdaq: WULF) released its September 2024 production and operations update, highlighting significant advancements in HPC/AI digital infrastructure. The company mined 176 Bitcoin in September, averaging 5.9 Bitcoin per day, and has increased operational self-mining capacity to 10.0 EH/s, a 100% year-over-year increase. The average power cost per bitcoin mined is $35,109 ($0.042/kWh). TeraWulf closed the sale of a 25% equity interest in Nautilus facility for $92 million and is reinvesting capital into a 20 MW CB-1 facility at Lake Mariner. The CB-1 construction is on track for Q1 2025 completion. Read More
Healthcare and Biopharmaceutical Developments
The healthcare sector saw significant movements today, with several biopharmaceutical companies making impactful announcements.
Exact Sciences (NASDAQ: EXAS) received FDA approval for its Cologuard Plus™ test, improving colorectal cancer screening technology. Read More
Lyell Immunopharma (Nasdaq: LYEL) announced the acceptance of three abstracts for presentation at the 39th Annual Meeting of the Society for Immunotherapy of Cancer (SITC) in Houston, TX, from Nov. 6-10, 2024. The presentations will highlight Lyell's pipeline and anti-exhaustion technology for cell therapies targeting solid tumors and hematologic malignancies. Read More
Medtronic (NYSE: MDT) issued a voluntary recall for its MiniMed™ insulin pumps due to potential risks of shortened battery life. This has prompted enhanced monitoring and replacements. Read More
Oncolytics Biotech (NASDAQ: ONCY) announced key progress in cancer treatments, with its BRACELET-1 trial showing a significant survival benefit. The company is preparing for an FDA accelerated approval path for breast cancer treatments. Read More
Energy and Infrastructure Developments
The energy and infrastructure sector continues to advance with noteworthy projects and expansions.
SolarBank (NASDAQ: SUUNF) announced its Silver Springs solar power project in New York, a 2.9 MW DC community solar initiative. Read More
The GEO Group (NYSE: GEO) confirmed a five-year contract extension for the Adelanto ICE Processing Center. Read More
DuPont (NYSE: DD) has nearly doubled its photoresist production capacity at the Sasakami Site in Agano-shi, Niigata, Japan with the opening of the new East Star Building. The expansion, celebrated on October 3, 2024, features state-of-the-art cleanrooms with ISO Class 10 to 1000 standards and advanced automation systems. This growth strategy aims to meet increasing global demand for photoresists and provide stable supply for customers. Read More
Corporate Transactions and Announcements
Several key corporate transactions and strategic announcements were made today, reshaping various industries.
Tellurian Inc. (NYSE American: TELL) has announced that its stockholders have approved the Merger Agreement Proposal. This proposal, defined in Tellurian's proxy statement filed with the SEC, marks a significant step for the company, potentially indicating a major corporate restructuring or strategic alliance. Read More
Tempur Sealy International (NYSE: TPX) has filed a complaint in the United States District Court for the Southern District of Texas seeking an injunction against the FTC's administrative proceeding challenging the company's merger with Mattress Firm Group Inc. The company argues that the FTC's separate administrative proceeding violates constitutional protections. Read More
Vision Marine Technologies Inc. (NASDAQ: VMAR) has received an extension from the Nasdaq Hearings Panel to maintain its listing on the Nasdaq Capital Market. The company's board has approved a 1-for-9 reverse stock split of its common shares, effective October 8, 2024, aiming to meet Nasdaq's $1.00 minimum bid price requirement. Read More
UniFirst Corporation (NYSE: UNF) issued a statement addressing recent industry rumors regarding Elis SA's potential entry into the U.S. market. UniFirst clarified that discussions with Elis were not intended to solicit an offer and have since concluded, emphasizing ongoing investments in people, technology, and infrastructure. Read More
Coeur Mining (NYSE: CDE) announced its acquisition of SilverCrest Metals to create a leading global silver company. The transaction is valued at approximately $1.7 billion and is expected to significantly enhance production and financial metrics. Read More
Biopharmaceutical Conference Highlights
Several biopharmaceutical companies showcased their latest research and developments at the Society for Immunotherapy of Cancer’s (SITC) 39th Annual Meeting in Houston, Texas.
IMTX (NASDAQ: IMTX) announced upcoming presentations at SITC, including two oral and five poster presentations focusing on T cell-redirecting cancer immunotherapies. Topics include ACTengine IMA203 TCR-T targeting PRAME and enhanced pharmacology data of next-generation IMA203CD8 TCR-T monotherapy. Read More
Compass Therapeutics (Nasdaq: CMPX) announced the acceptance of an abstract for poster presentation at the 39th Society for Immunotherapy of Cancer (SITC) Annual Meeting. The poster, titled 'Pharmacodynamic and Response Biomarkers in the Monotherapy Arm of a Phase 1 Trial of CTX-471, a Novel Anti-CD137 Agonist Antibody', will be presented on November 8, 2024. Read More
Financial Updates and Market Activities
Today's financial landscape includes strategic partnerships and investment initiatives aimed at fostering growth and sustainability.
QVC (NASDAQ: QRTEA) has partnered with Plastic Bank to support the collection and recycling of plastic from the environment. The initiative aims to gather 50 tons of plastic year-round and recycle it into Social Plastic® recycled feedstock for consumer goods products and packaging, aligning with Qurate Retail Group's commitment to ending poverty and stopping plastic pollution. Read More
KeyBank (NASDAQ: KEY) and partners have launched the Cleveland Housing Investment Fund (CHIF), backed by an $18 million grant from the City of Cleveland and a $20 million planned investment from KeyBank. The fund aims to invest $100 million in affordable housing and neighborhood development, focusing on underrepresented communities through debt and equity-like funding for mixed-income rental housing and homeownership opportunities. Read More
ComEd (NYSE: EXC) announced the opening of applications for its Future of Energy Scholars program, offering $175,000 in scholarships to students pursuing careers in energy through trades training or STEM-related college majors. Scholarships range from $1,000 to $10,000 each, with applications open until November 3, 2024. This initiative supports a diverse talent pipeline for the clean energy industry. Read More
Additional Key Updates
Other significant developments include strategic moves and compliance actions by various companies.
Globalstar (NYSE American: GSAT) has announced a collaboration with Global Telecom, Alliance, and Hawk Networks to utilize its Band 53 spectrum for mission-critical applications in combination with CBRS in the United States. This partnership aims to enhance connectivity for private wireless networks, especially where CBRS may face limitations. Read More
Neonode Inc. (NASDAQ: NEON) has terminated its corporate broking services agreement with Redeye AB, ending its financial advisory and investor relations services. Neonode remains committed to enhancing shareholder value and will explore alternative options for effective communication with stakeholders. Read More
Vision Marine Technologies Inc. (NASDAQ: VMAR) continues to secure its market presence with a 1-for-9 reverse stock split, effective October 8, 2024, to comply with Nasdaq's minimum bid price requirements. This move is expected to attract a broader range of investors and stabilize the stock's trading price. Read More
Tempur Sealy International (NYSE: TPX) is actively pursuing legal avenues to challenge the FTC's administrative proceedings regarding its merger with Mattress Firm Group Inc., seeking an injunction to streamline the merger process. The company anticipates the litigation to conclude in the coming months, potentially allowing the transaction to close by early 2025. Read More
ComEd's scholarship program is part of a broader initiative to support the clean energy transition, which is expected to create up to 150,000 new jobs in Illinois by 2050. Eligible students must be enrolled in qualified programs, maintain a 2.8 GPA, and submit applications with references to qualify for the scholarships. Read More
