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GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) announced its expansion with 60 MW of low-cost power in South Carolina, adding to its recent 100 MW capacity increase across Mississippi and North Dakota. The company plans to develop a GPU data center in South Carolina by June 2025 and is considering an additional 250 MW expansion. In March, Greenidge produced 130 bitcoin and expects its hash rate to increase to 2.87 EH/s with the deployment of over 2,700 miners.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:09 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are up in premarket trading after a significant drop the previous day. The company announced it produced and wholesaled 43 and 40 Class 8 hydrogen fuel cell electric vehicles, respectively, in Q1 2024 for U.S. customers. Nikola also began returning BEV "2.0" trucks to customers. However, the company has not completed its quarterly review or financial statements for Q1 2024. Earlier, Nikola took legal action against EMBR Motors and individuals involved in a takeover attempt after selling them the Badger electric pickup truck assets.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 1:08 pm

MSFT

Cloud Software Group, Inc. and Microsoft Corp. have announced an eight-year strategic partnership to enhance their collaboration on cloud and AI solutions, including the Citrix virtual application and desktop platform. Cloud Software Group commits $1.65 billion to Microsoft's cloud and generative AI capabilities. The partnership emphasizes Citrix as the preferred Microsoft Global Azure Partner solution for Enterprise Desktop as a Service, leveraging Microsoft Azure and integrating solutions like Azure Virtual Desktop and Windows 365. The collaboration aims to accelerate customer cloud journeys, increase developer productivity, and enhance customer experiences with integrated solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:06 pm

AMZN

CCL

CUK

Holland America Line has partnered with Audible to create a virtual book club for guests, enhancing their experience both on board and ashore. This collaboration includes curated destination-focused playlists, free in-stateroom content, and exclusive offers for guests.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:03 pm

CVX

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., has led a $45 million Series A financing round for ION Clean Energy, a company specializing in carbon capture technology. This investment aims to support ION's growth and the commercial deployment of its ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its carbon capture, utilization, and storage (CCUS) capabilities and contribute to a lower carbon future. Additionally, Timothy Vail has been appointed as CEO of ION, bringing experience from Arbor Renewable Gas, LLC, and G2X Energy, Inc.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:03 pm

V

Skipify, a fintech company, partners with Visa (NYSE:V) to enhance its Connected Wallet through the Visa Digital Commerce Program. This collaboration aims to simplify and secure the checkout process by integrating Visa's Click to Pay cards with Skipify's digital wallet, leveraging Visa's tokenization technology to reduce fraud risk. The partnership will expand Skipify's reach and offer a more seamless checkout experience, benefiting both merchants and consumers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:02 pm

UPST

Kaua'i Federal Credit Union has chosen Upstart, a leading artificial intelligence (AI) lending platform, to enhance its personal lending services. This partnership aims to leverage Upstart's advanced AI technology to provide more accessible and efficient loan options to the credit union's members.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:02 pm

FLYX

ISPO

flyExclusive, Inc. (NYSEAMERICAN: FLYX) has announced a partnership with Inspirato Incorporated (NASDAQ:ISPO) to offer exclusive Inspirato Travel Membership benefits to eligible fractional owners and Jet Club members. This partnership allows members access to luxury travel experiences and amenities. flyExclusive will also offer Inspirato members a complimentary Jet Club membership and flight credit for those who become flyExclusive fractional owners.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:01 pm

RIOT

Riot Platforms announced it produced 425 Bitcoin in March 2024, showcasing its operational performance and potential growth in the cryptocurrency mining sector.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:01 pm

CDIO

Cardio Diagnostics Holdings has entered into a nationwide telehealth agreement with Navierre, although the terms of the agreement were not disclosed. This partnership could potentially expand Cardio Diagnostics' reach and accessibility, offering their services more broadly across the United States.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:58 pm