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AMG

AMG has acquired the minority equity interest in Ara Partners, a private markets firm focused on industrial decarbonization, previously held by Capital Constellation and its affiliated investment vehicles. The partnership will increase AMG's exposure to private markets and sustainable investing, and facilitate an increase in Ara Partners' management equity ownership. Ara Partners will leverage AMG's strategic capabilities to enhance business development and growth initiatives. Financial terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:04 pm

BTBT

NVDA

Bit Digital, Inc. (BTBT) has announced the launch of Bit Digital AI, a new business line providing infrastructure for AI workstreams. The company has signed a binding term sheet with a customer for GPU-accelerated workloads, with a contract worth up to $257M. Bit Digital has also agreed to purchase 1,056 NVIDIA HGX H100 GPUs and 132 FusionOne HPC from xFusion Digital Technologies Co., Ltd.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 12:02 pm

ORA

Ormat Technologies has entered into an agreement to acquire contracted operating geothermal and solar assets in Nevada, Utah, and Connecticut for $271 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:32 am

ORA

Ormat has agreed to acquire contracted operating geothermal and solar assets in Nevada, Utah, and Connecticut for $271M. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions. Ormat plans to finance most of the purchase price through new long-term corporate debt.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:31 am

ELBM

Electra Battery Materials has provided an update on the construction of its battery grade cobalt sulfate refinery. As of September 30, 2023, the company had a cash balance of approximately C$15.1 million. The company is expected to report its Q3 2023 financial results by November 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 11:20 am

HOPE

Hope Bancorp has announced a realignment of its business and product delivery channels. The company expects this move to generate estimated annualized cost savings of over $40 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:37 am

BTCUSD

DOGEUSD

ETHUSD

The US and Israel are intensifying efforts to curtail cryptocurrency transfers to Hamas, with coins like Bitcoin, Dogecoin, and Ethereum often implicated as funding streams for Islamist organizations. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed new regulations to classify 'Convertible Virtual Currency Mixing' as a primary money laundering concern. Despite these revelations, experts caution against overhyping cryptocurrency’s role in funding extremism. Cryptocurrencies are increasingly accused of facilitating funding for Islamist groups, leading to a rise in regulatory scrutiny.

Portfolio Pulse from Benzinga Neuro

October 23, 2023 | 10:35 am

LICY

Li-Cycle has halted construction work at its Rochester Hub Project, pending a comprehensive review of the project's go-forward strategy.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:10 am

TSLA

Tesla anticipates its capital expenditures to exceed $9 billion in 2023 and between $7 billion to $9 billion in each of the following two fiscal years, according to its 10Q report.

Portfolio Pulse from Charles Gross

October 23, 2023 | 10:07 am

IAU

SLV

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', commented on the recent pullback in gold and silver prices, advocating for a 'Dollar Cost Averaging' investment strategy. He revealed that he has been accumulating gold, silver, Bitcoin, and real estate for years. The iShares Gold Trust (NYSE:IAU) edged up 0.05% to $37.49 in premarket trading on Monday, while the iShares Silver Trust (NYSE:SLV) fell 0.47% to $21.30.

Portfolio Pulse from Shanthi Rexaline

October 23, 2023 | 8:57 am