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Assets

HUT

Hut 8 Corp. has started construction of a new digital asset mining site in Culberson County, Texas, with plans to operationalize in Q2 2024. This site will potentially allow Hut 8 to expand or relocate its mining operations, offering up to 3.6 EH/s of capacity. The company anticipates a 30% reduction in the cost of mining Bitcoin at this new site compared to its current operations in Granbury, Texas, and Kearney, Nebraska.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:31 am

AESI

Atlas Energy Solutions (AESI) has agreed to acquire all of Hi-Crush's Permian Basin proppant production assets and North American logistics operations in a deal valued at $450 million. The payment structure includes $150 million in cash, $175 million in AESI common stock, and $125 million in deferred cash payments.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:19 am

BTCUSD

Trevor Noah expressed regret for not purchasing Bitcoin (BTC) during its early days when its price was significantly lower. Speaking at the Web Summit Qatar 2024, Noah highlighted his biggest mistake was not buying Bitcoin when it was 'nothing' and not taking the time to understand cryptocurrency. Bitcoin's value has recently reached $56,700, with its market capitalization surpassing $1.1 trillion, attributed to investments in Bitcoin-focused ETFs and excitement over the upcoming Bitcoin halving event.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 10:10 am

FIS

Fidelity National Information Services (FIS) announced the commencement of offers to purchase up to $2.25 billion aggregate principal amount of its outstanding senior notes. The purchase will be based on acceptance priority levels, with no series of notes subject to proration.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:27 am

DOGEUSD

ETHUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Floki (FLOKI) announced reaching a staking total value locked (TVL) all-time high of $105 million, surpassing Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in TVL. Over 25% of FLOKI's supply is staked, with investors potentially earning TOKEN rewards with an APY of up to 160%. Comparatively, Dogecoin's TVL is $3.78 million, Shiba Inu's $1.1 million, and Pepe Coin's $9.4 million. Cryptocurrency analyst Scofield predicted a price increase for FLOKI, which saw a 35% rise in a week.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 9:17 am

GOOG

GOOGL

Bill Ackman, founder of Pershing Square Capital Management, has identified Alphabet Inc. (GOOGL, GOOG) as a prime investment opportunity, emphasizing its strong market position, particularly in AI. Despite recent challenges, such as the AI scare from Microsoft's ChatGPT, Ackman believes Alphabet's core business and advertising dominance remain robust. He also mentioned Alphabet as part of the 'Magnificent 7' stocks, highlighting its long-term value.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 9:14 am

WCC

WESCO Distribution, Inc. has priced its offering of $900 million in 6.375% senior notes due 2029 and $850 million in 6.625% senior notes due 2032. The amounts for both the 5-Year and 8-Year Notes were increased from the initially announced $750 million. Both sets of notes will be issued at 100% of their aggregate principal amount, with the sale scheduled to settle on March 7, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:45 am

ATSG

Air Transport Services Group (ATSG) projects a decrease in its 2024 Adjusted EBITDA to approximately $506 million, a $56 million drop from 2023. This forecast excludes potential additional earnings from new aircraft leases or flying opportunities. The company anticipates a $410 million capital expenditure in 2024, significantly lower than in 2023. The decline in earnings is attributed to fewer 767-200 freighter leases, lower engine utilization, and changes in their 767-300 freighter fleet.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:02 am

BTCUSD

Jim Cramer's comment on X about Bitcoin reaching the trillion-dollar level has sparked reactions in the cryptocurrency community, especially as Bitcoin's valuation surpassed $1 trillion after a price surge. This event aligns with the 'Inverse Cramer' phenomenon, where some believe opposing Cramer's advice yields profits. Bitcoin's strong performance is attributed to factors like investments in Bitcoin ETFs, the upcoming supply halving event, and positive sentiment from investors. Notably, investment in crypto products saw a significant increase, with nearly $598 million invested in a week. Cramer, who had been skeptical about Bitcoin, notably during the Sam Bankman-Fried trial, has revised his stance on the cryptocurrency.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 6:51 am

BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (CPI) for January reported at 2.0%, slightly above the estimated 1.9% but below the previous 2.3%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:49 am