Streetbeat News

Corporate Responsibility

BTCUSD

A Brooklyn-based bathhouse, BATHHOUSE, is using excess heat generated from Bitcoin mining rigs to heat its pools. The spa shared a three-step process on Instagram, explaining how the byproduct of Bitcoin mining is used to raise the pool temperatures. The process involves mining Bitcoin, transmitting excess heat to heat exchangers, and using the heat exchangers to warm the pools.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 12:16 pm

SLNH

Soluna Holdings CEO John Belizaire published an open letter to shareholders, discussing the company's challenges in 2022 and outlining its path to profitability. The focus for 2023 is on energizing and commercializing Project Dorothy, with positive cash flow expected in the second half of the year.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:14 pm

GDEV

Nexters Inc. has changed its name to GDEV Inc. and evolved into a holding company focused on the growth of its diversified portfolio of studios and franchises. The holding company will focus on strategic partnerships, acquisitions, and group-wide initiatives, while individual studios will concentrate on product development.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 12:13 pm

LMND

Lemonade announced the renewal of its reinsurance program, maintaining its financial expectations for Q2 and FY23 unchanged.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:07 pm

IMAB

I-Mab has announced the appointment of Raj Kannan as its new CEO. Raj brings extensive experience in the biopharmaceutical industry and is expected to drive the company's growth.

Portfolio Pulse from Bill Haddad

June 22, 2023 | 12:05 pm

NRG

NRG Energy plans to reduce its debt by up to $2.55 billion to achieve its target investment grade credit metrics of 2.5x to 2.75x net debt/adjusted corporate EBITDA by 2025.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:41 am

NRG

NRG Energy announces a new $150M cost reduction initiative to be completed by 2025, in addition to $300M in Direct Energy cost synergies by 2023 and $100M in cost synergies related to the Vivint acquisition by 2025.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:38 am

GXO

GXO Logistics and Zalando have partnered to operate a 140,000-square-meter fulfillment center near Paris, featuring state-of-the-art automation technology. The facility is expected to create up to 2,000 jobs and demonstrate both companies' commitment to ESG.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 11:12 am

ACM

AECOM is part of a winning team led by General Dynamics Information Technology (GDIT) to support the US Environmental Protection Agency (EPA) in improving water infrastructure resiliency nationwide. AECOM will provide engineering expertise in technical, cyber, education, and program management services to the EPA Water Infrastructure and Cyber Resilience Division.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:57 am

WTI

W&T Offshore has appointed Sameer Parasnis as Executive Vice President and CFO, effective July 3, 2023. He will report to Tracy Krohn, W&T's Chairman and CEO.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:46 am