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BTCT

BTC Digital Ltd. has announced the launch of its new business segment focused on Bitcoin miner accessories. This move represents the company's expansion into the cryptocurrency mining industry, aiming to provide products that will support and enhance the efficiency of Bitcoin mining operations.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:36 pm

SIDU

Sidus Space has received the first version of its flight software and ASTRA flight hardware from NASA Stennis, which has been installed on the LizzieSat satellite. This development is in preparation for the satellite's launch aboard a SpaceX rocket in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:35 pm

GRRR

Gorilla Technology Group Inc. (Gorilla) reported strong operational and financial progress, including over $25 million in cash flow from milestone payments, top-line growth, and operational efficiencies. The company announced a $25 million registered direct offering of convertible preferred stock and partnerships with industry leaders to enhance capabilities. Gorilla introduced new AI and cybersecurity products, optimized costs, and is building a sales pipeline of over $1 billion. CEO Jay Chandan highlighted the company's transformational initiatives and the largest client win in Gorilla's history, particularly noting progress in Egypt and the aim for global market expansion. Gorilla will report full-year audited results for 2023 in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:34 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported its November 2023 operations updates, highlighting an 81.5% year-over-year increase in Bitcoin mined, totaling 403 BTC for the month. The company's Gedu Datacenter provided a 3.3EH/s hash rate, mining 209 BTC. Bitdeer also announced becoming a Preferred Cloud Service Provider in the NVIDIA Partner Network and plans to launch Bitdeer AI Cloud in Q1 2024, powered by NVIDIA's DGX SuperPOD systems. The company's 175MW immersion cooling datacenter in Norway is on track for completion in 2025. Bitdeer operates in self-mining, hash rate sharing, and hosting, with a total hash rate under management of 21.1 EH/s and 220,000 mining machines under management. Despite the positive mining results, the company faced a temporary curtailment of power and increased electricity costs in Norway, leading to a 12.8% decrease in Bitcoin mined compared to October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:32 pm

AMD

DG

GLD

GME

GOOG

NVDA

QQQ

SPY

USO

Wall Street futures are trading flat as investors await further monetary policy insights. The S&P 500 Index fell for the third consecutive day, with concerns about overestimating future interest rate cuts. Treasury yields rose slightly, and the Fed's repo facility demand hit a peak, signaling liquidity concerns. The Japanese yen surged after hawkish comments from the Bank of Japan Governor. Crude oil and gold prices saw modest gains. Bitcoin dropped following negative comments from JPMorgan CEO Jamie Dimon. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) edged up in premarket trading. Advanced Micro Devices (AMD) rose on news of a shift from NVIDIA (NVDA) to AMD's AI chip by major tech firms. GameStop (GME) fell on revenue miss, Dollar General (DG) rose on earnings beat, and Alphabet (GOOG/GOOGL) increased after unveiling its new AI model.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 1:31 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW), an AI-powered touchless sensing wearables company, has announced the opening of a new U.S. office in Redwood City, California, to expand its presence in North America. The Silicon Valley location will enable the company to engage more closely with the tech community and respond to the needs of North American customers. The expansion is expected to foster growth and innovation, particularly for the Mudra Band, and enhance customer service and business relations in the region.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:21 pm

G

Rightpoint, a subsidiary of Genpact (NYSE:G), has been granted Unreal Engine Service Partner status by Epic Games, recognizing its expertise in 3D creation tools for various industries. This status acknowledges Rightpoint's technical expertise, design capabilities, and innovation in VR and AR solutions. The company must maintain this status by completing four Unreal Engine projects annually and achieving high customer satisfaction. Rightpoint's VP of Design highlighted the Unreal Engine's capabilities in developing immersive experiences across multiple platforms.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:20 pm

MBOT

Microbot Medical has completed its Good Laboratory Practice (GLP) pivotal pre-clinical study, adhering to FDA-required standards using a porcine model. This marks a significant milestone for the company as it progresses towards potential FDA approval for its medical devices.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:13 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) has established a Customer Advisory Board to enhance growth and customer experience, appointing Anthony Carroll as its Chairman. The board will provide feedback for product strategy and support business development. Carroll's extensive experience in renewables, including leadership roles at Powin and Siemens Gamesa, is expected to bring immediate value to FTC Solar and its customers.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:13 pm

KRRO

Korro Bio, Inc. (KRRO) has nominated KRRO-110, its first RNA editing oligonucleotide candidate from its OPERA platform, for the treatment of Alpha-1 Antitrypsin Deficiency (AATD). KRRO-110 has shown promise in preclinical mouse models, demonstrating the ability to repair the A1AT protein misfolding and reduce liver aggregates. With over 50% editing efficiency and increased secretion of normal A1AT protein, Korro expects to make a regulatory filing in the second half of 2024. AATD is a genetic disorder with limited treatment options, and KRRO-110 could potentially transform the standard of care.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:10 pm