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Globe and Mail
37 minutes ago
- Globe and Mail
Why Shares of Bitmine Immersion Technologies Are Skyrocketing Today
Shares of the Bitcoin mining company Bitmine Immersion Technologies (NYSEMKT: BMNR) had blasted nearly 50% higher as of 10:41 a.m. ET today. The stock continued its impressive run this week after the company announced yesterday that it would pursue an Ethereum treasury strategy. Following Strategy's playbook Bitmine announced yesterday that it had raised $250 million in a private placement offering that it will use to purchase Ethereum, following a similar strategy initially implemented by Strategy (formerly MicroStrategy) with Bitcoin. The transaction was led by MOZAYYX and also included participation from the Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee, the founder of Fundstrat and a contributor on CNBC. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Bitmine also announced that Lee is now chairman of Bitmine's board of directors. Lee is an influential Wall Street strategist and has become famous for his bullish calls on the stock market over the last few years. Lee and Fundstrat are also big fans of Bitcoin. On CNBC yesterday, Lee said Ethereum could essentially become the next Bitcoin, primarily because of its importance to the burgeoning stablecoin business, which many experts including U.S. Treasury Secretary Scott Bessent believe is poised for massive growth. A significant portion of fees generated on Ethereum's blockchain already come from stablecoins. Be prepared for volatility Since the announcement of the private placement and Lee becoming chairman, Bitmine's stock has already rocketed 1,048%. While I am long-term bullish on Ethereum and understand Lee's argument for the world's second-largest cryptocurrency, I find these crypto-treasury vehicles too risky and volatile for retail investors. If you like Ethereum, simply buy Ethereum. Should you invest $1,000 in Bitmine Immersion Technologies right now? Before you buy stock in Bitmine Immersion Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitmine Immersion Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
Globe and Mail
38 minutes ago
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Vivakor (NASDAQ: VIVK) Poised for Opportunity at the Nexus of Energy and Innovation
As governments, consumers, and investors demand cleaner practices and corporate accountability, companies are being urged to innovate and adapt—or risk falling behind. Vivakor (NASDAQ: VIVK), a vertically integrated energy infrastructure and environmental services company, is positioned for this challenge. Engaged in the transportation, storage, reuse, and remediation of oilfield fluids and waste, Vivakor is proving that environmental responsibility and profitability are not mutually exclusive. Looking ahead, 'Vivakor is focused on expanding its environmental services segment, investing in infrastructure that enhances waste oil processing, and advancing technologies that reduce emissions and environmental impact. By positioning itself at the intersection of energy production and environmental innovation, the company is poised to play a vital role in the sustainable-energy landscape of the future.' To view the full article, visit About Vivakor Inc. Vivakor is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor's integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts. Once operational, Vivakor's oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. About InvestorWire InvestorWire ('IW') is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge. For more information, please visit Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:
National Post
an hour ago
- National Post
Gogo Galileo HDX Coming to Cessna Citation Jet Models
Article content WICHITA, Kan. — Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. The global Low Earth Orbit (LEO) solution allows customers to enjoy one of the best possible in-flight connectivity and aviation experiences, no matter where their journey takes them. Article content By offering Gogo Galileo HDX as an aftermarket upgrade, the Textron Aviation support team is ensuring customers benefit from a global connectivity solution that delivers reliable performance. The system, which is purpose-built for business aviation, consists of two Line Replaceable Units (LRUs), a fuselage-mounted HDX antenna and the AVANCE technology router which minimizes installation downtime. Article content 'Our customers expect to stay connected and productive while in the air and integrating the Gogo Galileo HDX system ensures they have access to high-speed internet in-flight,' said Brian Rohloff, senior vice president, Global Customer Support. 'This advanced connectivity solution underscores our commitment to providing our customers with cutting-edge technology that enhances their flying experience.' Article content For jets, Textron Aviation's supplemental type certificates are expected to include the Cessna Citation X+, X, Sovereign+, Sovereign, Latitude, XLS Gen2, XLS+, XLS, Excel, CJ4 Gen2, CJ4, CJ3+, CJ3, CJ2+, CJ2, M2 Gen2, M2, CJ1+, and CJ1. Article content Gogo Galileo HDX will be available for installation at domestic Textron Aviation Service Centers following STC approval by the Federal Aviation Administration (FAA) with European Aviation Safety Agency (EASA) type certification and Transport Canada Civil Aviation (TCCA) type certification to follow at a later date. For more information regarding Textron Aviation connectivity upgrades available today, visit Article content About Textron Aviation service Article content Textron Aviation, through its Beechcraft and Cessna brands, is renowned for its unrivaled global service network dedicated to complete life-cycle support. In addition to its expansive company-owned footprint, Textron Aviation's jet and turboprop customers have access to a global network of more than 300 authorized service facilities. Textron Aviation also offers a mobile support program featuring more than 40 mobile service units and on-site service technicians and support. Find additional information about Textron Aviation's service programs at Article content About Textron Aviation Article content We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. Article content About Textron Inc. Article content Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: Article content Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Hailey Tucker Article content Article content Article content
