Articles by Sarah Chen
IREN's $6B Equity Plan Sparks Dilution Fears, Stock Drops 4.4%
IREN Ltd shares declined 4.4% Tuesday as the market reacted to the company's ambitious $6 billion equity offering plan to finance its transition from bitcoin mining to AI cloud infrastructure, sparking dilution worries.
Rocket Lab Files for $1B Stock Sale, Shares Retreat After Hours
Rocket Lab shares dropped over 5% in extended trading after the company filed to sell up to $1 billion in stock. The space firm reported record 2025 revenue but delayed its Neutron rocket launch to late 2026.
Archer Aviation Gains Amid Regulatory Progress and Insider Sales
Archer Aviation shares climbed 2.8% to $6.29 Tuesday, overcoming minor insider sales tied to tax obligations. The electric aircraft developer maintains a 2026 target for initial passenger operations following key FAA regulatory milestones.
TeraWulf Stock Pulls Back After Kentucky Data Center Loan, Construction Start
TeraWulf Inc. shares retreated Tuesday, giving back a portion of Monday's sharp gains after announcing financing and construction approval for a major Kentucky data center project, underscoring its strategic pivot toward AI and high-performance computing.
XRP Surpasses BNB in Market Cap as Ripple Expands Brazilian Operations
XRP has reclaimed the fourth position among cryptocurrencies by market value, trading around $1.54 after reaching a one-month high. Ripple revealed plans to expand its services in Brazil and secure a local license.
Bitcoin Holds Near $75K Amid ETF Inflows, Citi Lowers Target on Regulatory Delays
Bitcoin hovered around $74,756, approaching the $76,000 level, supported by renewed ETF inflows. Citigroup reduced its price forecast, pointing to slow progress on U.S. crypto regulation.
MARA Shares Dip on Insider Sale Plan as Bitcoin Holds Firm
MARA Holdings shares edged lower following a regulatory filing indicating an insider-linked trust intends to sell stock. The move coincides with the company's strategic shift to allow bitcoin sales from its balance sheet.
Tesla Gains on $4.3B LG Battery Plant, Energy Storage Growth Offsets Auto Weakness
Tesla stock advanced after the U.S. government confirmed a $4.3 billion agreement with LG Energy Solution to build a lithium iron phosphate battery-cell plant in Michigan. The facility, slated for 2027 production, will supply batteries for Tesla's Megapack 3 systems.
IBM Completes $11B Confluent Acquisition to Fuel AI and Hybrid Cloud Strategy
IBM has finalized its $11 billion acquisition of Confluent, integrating the data-streaming platform into its AI and hybrid cloud portfolio. The deal is expected to boost adjusted earnings within the first year.
Bitmine's $11.5B Crypto Treasury Fuels Ether Bet, Stock Gains
Bitmine Immersion Technologies disclosed a $11.5 billion crypto and cash reserve, including 4.6 million ether, with staking generating $180M in annualized revenue. Shares advanced.
Nokia Shares Dip Amid AI Product Rollout, Maintain Near 52-Week Peak
Nokia shares declined slightly in Helsinki and U.S. trading following announcements of AI-driven optical networking systems and collaborations. The stock remains close to its annual high as the market assesses the company's strategic pivot.
Ondas Holdings Finalizes Key Acquisitions, Bolsters Defense Tech Portfolio
Ondas Holdings has finalized its acquisition of UK-based Rotron Aerospace and secured full ownership of its Israeli unit 4M Defense, while reporting preliminary 2025 revenue exceeding its forecast.