Streetbeat News

Assets

CLDT

Chatham Lodging Trust (CLDT), a hotel REIT, has sold the Hilton Garden Inn Denver Tech Center for approximately $18 million. The planned $6 million renovation for 2023 was not completed due to the sale. Proceeds will be used for corporate investments and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:15 pm

SATS

DISH Wireless, a subsidiary of EchoStar Corporation, has been awarded a $50 million grant by the U.S. Department of Commerce. This grant is aimed at supporting the development and deployment of advanced wireless services, which could enhance DISH Wireless's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

CYN

Empery Asset Management, LP has disclosed a 9.99% ownership stake in Cyngn Inc. as of December 31, 2023, according to a recent 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:09 pm

MDB

MongoDB (NASDAQ:MDB) has significantly outperformed the market with an average annual return of 37.12% over the past 5 years. An investment of $100 in MDB stock 5 years ago would be worth $515.32 today. MongoDB's market capitalization currently stands at $27.43 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

ARKK

BLK

GS

BlackRock, Inc (BLK) and Ark Innovation ETF (ARKK) have reduced fees for their proposed spot bitcoin ETFs to attract investors amid intense competition. BlackRock's iShares Bitcoin Trust cut its fee to 0.25%, with a discount for the first $5 billion in assets. ARK 21Shares Bitcoin ETF lowered its fee to 0.21%. The fee reductions come as firms anticipate high demand for cryptocurrency ETFs and await SEC approval. Goldman Sachs (GS) is in discussions to support these ETFs. BLK shares closed down 0.33% at $794.52.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:56 pm

BTCUSD

A hacked tweet from the SEC about fake Bitcoin ETF approvals caused a market surge and subsequent crash, leading to over $220 million in liquidations. Long-position holders in Bitcoin suffered the most, with $133.5 million liquidated. The incident is the second-largest liquidation event of the year, affecting over 70,000 traders. ByBit, Binance, and OKX experienced significant liquidations. The event has raised concerns about the centralization of crypto and its deviation from its original purpose.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 1:34 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

GTY

Getty Realty Corp. (NYSE:GTY) reported a record year of investment activity in 2023, with approximately $326 million invested in convenience and automotive retail assets. The company also raised $295 million in new equity and debt capital. Getty announced its 2024 AFFO guidance at $2.29-$2.31 per diluted share, which does not account for future acquisitions, dispositions, or capital market activities. The company's portfolio expanded with acquisitions, development funding, and redevelopments, while also selling nine properties for $12 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 27,500% increase in its token burn rate, with 9 billion SHIB tokens removed from circulation. Shibburn reported two entities transferred 9.5 billion and 30 million SHIB to a 'dead wallet'. IntoTheBlock noted a 1,300% rise in large SHIB transactions by whales. Shiba Inu's lead developer announced plans to apply for the .shib TLD to expand its domain use. SHIB's price is slightly down by 1.16% at $0.0000094.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 12:38 pm