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TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) leads in advanced chip packaging patents, followed by Samsung Electronics and Intel Corp. TSMC holds 2,946 patents, Samsung has 2,404, and Intel has 1,434. Advanced packaging is crucial for chip contract manufacturers. TSMC, Samsung, and Intel have been investing in this technology since around 2015. Advanced Micro Devices (AMD) has gained a competitive edge with its chiplet technology.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:18 am

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for July 2023. The company doubled its bitcoin holdings to 1,061 BTC and increased its hashrate to an all-time high of 9 exahashes per second (EH/s). Production also increased by 17% month over month. The company sold 43 bitcoins in July 2023 at an average of approximately $29,300 per BTC, equating to proceeds of approximately $1.3 million.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:18 am

SMTI

Sanara MedTech Inc. (NASDAQ:SMTI) has announced the acquisition of certain assets related to its collagen products business from Applied Nutritionals, LLC, The Hymed Group Corporation, and Dr. George Petito. The initial purchase price for the assets is $15.25 million. The acquisition is a major milestone for Sanara's strategy to own the intellectual property for its hydrolyzed collagen products and control its manufacturing to reduce costs and expand R&D efforts.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:18 am

DRH

DiamondRock Hospitality Company (NYSE:DRH) has acquired Chico Hot Springs Resort and an adjacent ranch in Paradise Valley, Montana for $33 million. The acquisition was funded from corporate cash on hand. The company expects Chico to generate a 10.5% NOI yield on the total purchase price upon stabilization.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:05 am

ELVA

Electrovaya Inc. (NASDAQ:ELVA) has provided an update on its planned gigafactory in Jamestown, New York. The first phase of construction is expected to cost around $48 million, with over 80% of this covered by government-backed debt. The company has also been awarded more than $10 million in incentives from various jurisdictions. The factory will produce Electrovaya's Infinity line of lithium-ion ceramic batteries. The company plans to begin battery system assembly at the factory in Q1 2024.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:02 am

TEDU

Tarena International, Inc. has entered into an agreement to sell an office building for RMB26.1 million. The company has received the full payment and may continue to use the building until November 9, 2023.

Portfolio Pulse from Charles Gross

August 04, 2023 | 11:01 am

BTCUSD

Democratic presidential candidate Robert F. Kennedy Jr. has stated that Bitcoin may not be as harmful to the environment as some believe. He emphasized that environmental concerns should not limit the freedom to transact. Kennedy Jr. has invested in Bitcoin, buying two for each of his seven children. However, Tesla CEO Elon Musk has previously expressed concerns about the environmental impact of Bitcoin mining and transactions, leading to Tesla suspending vehicle purchases using Bitcoin in 2021.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 11:01 am

CERE

Cerevel Therapeutics Hldg (NASDAQ:CERE) reported Q2 losses of $(0.63) per share, beating the analyst consensus estimate of $(0.65) by 3.08%. This is a 3.28% decrease over losses of $(0.61) per share from the same period last year. The company's cash, cash equivalents and marketable securities of $825.1M are expected to fund operations into 2025.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:50 am

ENSG

Ensign Group has acquired three assets in Washington, including the real estate and operations of Belmont Terrace, a 95-bed skilled nursing facility, Puget Sound Transitional Care, a 125-bed skilled nursing facility, and the real estate of a post-acute care retirement campus known as Avamere Rehabilitation at Ridgemont and The Villas at Ridgemont. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:47 am

BTCUSD

Binance, the world's largest cryptocurrency exchange, has reportedly maintained a significant presence in China despite the country's ban on cryptocurrency trading in 2021. Internal figures suggest that Chinese users traded $90 billion worth of cryptocurrency assets in a single month, making China Binance's biggest market. Binance is also said to collaborate with Chinese law enforcement to detect potential criminal activities. In June, the SEC filed a lawsuit against Binance and its founder, accusing them of operating illegally and misusing customer funds.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 10:41 am