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MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a record production of 1,853 Bitcoin in December 2023, a 56% increase from November and a 290% surge year-over-year. The company's hash rate increased by 4% month-over-month, with plans to reach 50 exahashes in the next 18-24 months. Marathon's international expansion, including operations in Abu Dhabi and Paraguay, contributed to this growth. Transaction fees accounted for 22% of total Bitcoin production. As of December 31, Marathon held 15,174 unrestricted BTC and $356.8 million in cash and equivalents, with plans to sell portions of its Bitcoin holdings to cover operating expenses.

Portfolio Pulse from Murtuza Merchant

January 05, 2024 | 1:53 pm

DIS

IVV

SPY

VOO

Disney (NYSE:DIS) has underperformed in 2023 with only a 1.5% rise compared to the S&P 500's 25% gain. With CEO Bob Iger's turnaround plan, including a dividend reinstatement and investments in streaming and theme parks, Disney is showing signs of a potential recovery. A Golden Cross in the stock's chart and a bullish analyst rating from Rosenblatt Securities suggest optimism for 2024. Disney's stock trades 23% below its 52-week high, presenting an opportunity for investors as the company focuses on growth and profitability.

Portfolio Pulse from Surbhi Jain

January 05, 2024 | 1:46 pm

IJR

NFLX

QCOM

WCN

On CNBC's 'Halftime Report Final Trades,' experts provided their final trade picks. Shannon Saccocia chose iShares Core S&P Small-Cap ETF (IJR), Joshua Brown selected Netflix (NFLX), Jim Lebenthal picked QUALCOMM (QCOM), and Karen Firestone opted for Waste Connections (WCN). NFLX closed higher at $474.67, up 0.94%, and reported better-than-expected Q3 results with a 7.8% revenue increase. QUALCOMM announced the Snapdragon XR2+ Gen 2 Platform. Stifel maintained a Buy rating on WCN with a raised price target. IJR fell 0.2%, NFLX gained 0.9%, QCOM lost 1%, and WCN rose by 0.01% in Thursday's session.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:43 pm

SCYX

SCYNEXIS, Inc. announced the presentation of preclinical efficacy data on its antifungal candidate SCY-247 at the AAAM Conference. The study, funded by the NIH, showed SCY-247's in vivo efficacy and significant survival improvement when combined with liposomal amphotericin B. SCY-247 is a novel glucan synthase inhibitor with potential oral and IV formulations, and SCYNEXIS plans to begin clinical studies by year end. The company hopes for FDA QIDP and Fast Track designations for SCY-247.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:37 pm

BLIN

Bridgeline Digital has announced the release of its new 'Smart Search' AI product, which is expected to enhance the company's offerings in the digital solutions space.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:35 pm

BNZI

Banzai International, Inc. (NASDAQ:BNZI) has signed an LOI to acquire IGLeads, a top-rated automated lead generation platform. IGLeads specializes in verified, targeted lead generation using search criteria instead of firmographic data. The acquisition aligns with Banzai's strategy to enhance its marketing and sales solutions with data-focused products. IGLeads is profitable, growing rapidly, and has a 4.7-star rating on TrustPilot. The integration is expected to offer strategic and financial benefits, including profitable growth, complementary product offerings, and cross-sell opportunities to Banzai's customers.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:35 pm

IDAI

Trust Stamp (NASDAQ:IDAI) released a White Paper on the vulnerabilities of legacy biometric systems in the face of advancing Quantum Computing. The paper, highlighted by Dr. Niel Kempson, discusses the 'harvest-now decrypt later' (HNDL) threat, particularly to biometric data which cannot be easily reset if compromised. The US Government has mandated encryption upgrades for federal agencies by end of 2023 to counter such threats. Trust Stamp's IT2 algorithm is touted as quantum-proof, and the company advises entities to consider the HNDL risk when implementing biometric systems.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:34 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 7.7% increase in Bitcoin mined in December 2023 compared to November 2023, and a 149.4% increase from December 2022, totaling 434 BTC despite retiring 6,000 legacy mining machines. The Gedu Datacenter contributed 53.0% of the mined Bitcoins. Bitdeer is constructing a 175MW datacenter in Norway and plans a 221MW datacenter in Ohio, both expected to complete in 2025. The company also received NVIDIA DGX H100 systems and expects to launch its AI cloud service platform in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:34 pm

HSAI

Hesai Technology (NASDAQ:HSAI), a leader in lidar technology, has been chosen by a top global automotive OEM to supply ADAS lidars for new flagship electric vehicle models. The EVs will feature Hesai's AT128 long-range lidar as part of their ADAS systems. Hesai's CEO, David Li, highlighted the importance of lidar in advanced driving systems and its role in reducing traffic accidents. Hesai has already secured over 50 ADAS series production EV models from 15 major OEMs and Tier-1 suppliers. More details on this partnership are expected in the future.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:32 pm

DERM

Journey Medical Corporation has submitted a New Drug Application (NDA) to the FDA for DFD-29, a medication intended to treat rosacea. The submission marks a significant step for the company in bringing a new treatment option to the market for rosacea patients. The FDA's acceptance and review of the NDA will be closely watched by investors and could impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:32 pm