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RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has energized its Corsicana Facility's substation in Navarro County, Texas, marking a significant step towards becoming the world's largest Bitcoin mining facility. The facility, with a future total capacity of 1 GW, has initiated operations with a 400-megawatt substation. This development is part of Riot's plan to increase its self-mining hash rate capacity to 31 EH/s by the end of 2024. The first phase of this expansion, involving the initial 400 MW, will contribute 16 EH/s to Riot's capacity, with the first batch of miners already operational.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:08 pm

CBT

Cabot Corporation and its partners have been selected to receive a $5 million grant from the U.S. Department of Energy to support the development of innovative, scalable manufacturing processes for producing carbon catalyst supports for fuel cells. This initiative aims to enhance fuel cell deployment by improving the production efficiency and reducing costs of key components.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:07 pm

CARR

Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs (STL) for the development of a liquid cooling solution for data centers. This technology is expected to significantly reduce energy consumption in data centers, with the liquid cooling market projected to grow to $3-5B by 2028. Carrier's investment in STL, following its acquisition of Nlyte in 2021, aligns with its ESG goals to reduce greenhouse gas emissions and develop sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:06 pm

INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) successfully completed an 18-day winter test of its InnovizTwo LiDAR and Perception Software in extreme conditions across ten countries. This test demonstrated the robustness and reliability of Innoviz's technology, essential for advanced autonomous driving. The company's achievement is a significant R&D milestone, showcasing its commitment to leading the automotive LiDAR market. Innoviz also received TÜV SÜD Certification for Roof Racks, further establishing its industry credibility. Market projections suggest a significant increase in LiDAR scanner sales in the automotive sector by 2035.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:05 pm

AVT

Panasas has entered into a partnership with Avnet (NASDAQ:AVT) to use Avnet Integrated as its primary manufacturing and fulfillment operations partner. This collaboration aims to leverage Avnet's global supply chain and manufacturing capabilities to support Panasas' growth in the high-performance computing (HPC) and artificial intelligence (AI) storage market. The partnership is expected to enhance Panasas' supply chain efficiency, accelerate market and scale time for their solutions, and strengthen its competitive position globally.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:04 pm

GM

GM Energy has launched a new suite of products enabling customers to manage energy transfer between electric vehicles (EVs) and homes. These offerings, available on a new e-commerce platform, include flexible bundles and software integration through GM vehicle brand apps. The Energy Live platform also offers educational resources on personal energy management, grid resiliency, and the benefits of an all-electric lifestyle.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:04 pm

MSGM

Motorsport Games and the British Touring Car Championship (BTCC) have reached a settlement and signed a new non-exclusive license agreement. This agreement reinstates BTCC content in the rFactor 2 racing simulation game until the end of 2026.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:02 pm

COIN

Nana Murugesan, a former Coinbase executive, has joined Matter Labs as its first president to help scale zkSync, a technology designed to enhance the Ethereum blockchain. Murugesan's move is seen as a significant step for Matter Labs, especially in a bear market, highlighting the ongoing innovation within the blockchain space. Matter Labs, which recently raised $200 million, aims to expand its team and operations under Murugesan's leadership.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 12:58 pm

RENB

Renovaro Inc. (NASDAQ:RENB), a leader in AI-driven cancer diagnostics and therapeutics, announces Professor Dr. Geert Kazemier as the Chairman of its Scientific Advisory Board. Kazemier's extensive experience in oncology and his role at Amsterdam University Medical Center's Cancer Center align with Renovaro's mission to advance cancer care through AI and immunotherapy. His leadership is expected to guide Renovaro's strategic initiatives, enhancing its position in cancer diagnosis, monitoring, and treatment innovation.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:55 pm

AMZN

ONLN

WMT

XLY

Amazon.com Inc (NASDAQ:AMZN) is expanding its 'Just Walk Out' cashierless technology to third-party stores, aiming to double its current deployment. This move contrasts with its strategy for Amazon Fresh stores, where it plans to use 'smart' shopping carts instead. The expansion is part of Amazon's effort to compete with Walmart Inc (NYSE:WMT), leveraging technology to enhance the shopping experience. Analysts see the shift to smart carts in Fresh stores as a response to customer feedback and a potential source of additional advertising revenue. Amazon's stock has seen significant growth, and its performance can also impact related ETFs like SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 12:53 pm