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CleanSpark Faces $378M Loss as Bitcoin Slump and AI Transition Test Strategy
CleanSpark posted a $378.3 million net loss in fiscal Q2, driven by a $224.1 million bitcoin fair-value loss and a 24.9% revenue decline to $136.4 million. Its AI/HPC pivot has yet to generate revenue.
Work Medical Stock Skyrockets 206% on AI BioToken Pact, Then Plunges
WORK Medical Technology Group shares tripled on an AI partnership with Shanghai Novabioplus, then plunged 48% in premarket. The deal targets protein modeling and BioTokens but lacks financial details.
Intuitive Surgical Drops to 52-Week Low on Recall and Competition Fears
Intuitive Surgical shares fell to a 52-week low Monday after an FDA recall and lowered procedure growth forecasts, overshadowing a strong Q1 earnings beat.
IonQ Shares Surge After SkyWater Deal Gets Shareholder Nod
IonQ shares rose 15.54% to $56.89 after SkyWater shareholders approved the $1.8 billion acquisition, clearing a key hurdle. The deal still needs regulatory approval.
Indian Markets Extend Losses as Rupee Weakens to New Low
Indian stocks fell for a fourth session as the rupee hit a record low and crude oil surged above $106. Nifty 50 dropped 1.45%, Sensex lost 1.63%.
Rigetti Revenue Triples but Operating Loss Widens as Quantum Development Costs Surge
Rigetti Computing's Q1 revenue more than tripled to $4.4 million, but operating losses widened to $26 million as the company invested heavily in its 108-qubit system and other quantum technologies.
AST SpaceMobile Q1 Loss Widens, Cash Reserves and Satellite Launch Plans Under Scrutiny
AST SpaceMobile's Q1 loss widened to $191M, revenue missed estimates at $14.7M, but the company maintains its 2026 outlook and a mid-June satellite launch, backed by $3.46B in cash.
Quantum Computing Inc. Shares Surge 14% on Q1 Revenue Boost from Acquisitions
Quantum Computing Inc. shares rose 14% premarket after Q1 revenue hit $3.7 million, fueled by acquisitions. Core sales were just $204,000.
Plug Power Shares Surge on Q1 Revenue Beat, Cash Concerns Linger
Plug Power shares surged 12.8% after Q1 revenue beat forecasts and operating loss narrowed, but net loss widened on non-cash charges and cash burn remains a concern.
Spokane Valley Bans Bitcoin ATMs Following Surge in Scam Losses
Spokane Valley has banned virtual currency kiosks after police linked them to fraud, major financial losses, and a suicide. The city council voted unanimously on May 5.