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CIFR

Cipher Mining Inc (NASDAQ:CIFR) shares rose after the company reported mining 433 bitcoin in November, selling 391 and holding 558. With 70,000 rigs and a 7.2 EH/s hash rate, CEO Tyler Page highlighted operational improvements. The stock's rise also correlates with Bitcoin's price increase, up over 5% in the last 24 hours.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:27 pm

CIFR

Cipher Mining reported its November 2023 operational update, revealing that the company mined 433 Bitcoin. Additionally, the average monthly network hash rate increased by approximately 6.5% month over month.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:27 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) CEO Salvatore Palella addresses shareholders, outlining strategic initiatives for profitability and market expansion. The company is pivoting to branded retail and profitable sharing services, with significant cost reductions in Q2. They are introducing Long-Term Rentals (LTR) in key cities and integrating fintech payment solutions, with plans to expand retail outlets in various U.S. cities. MCOM is negotiating a loan leveraging IP and pursuing M&A activities, focusing on profitable growth. The CEO acknowledges past challenges, particularly in the media business segment, and emphasizes a commitment to financial sustainability and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:17 pm

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) has launched 'Weight Loss by Hims & Hers', a personalized and affordable weight management program. The program includes medication management, digital tracking tools, and educational content. Obesity medicine expert Dr. Craig Primack has joined as SVP of Weight Management. The program addresses nutrition, behavior, movement, and medical treatment, and offers a holistic approach to weight loss. It is the company's second major category expansion following the launch of Heart Health by Hims.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:16 pm

COIN

MARA

RIOT

Shares of Coinbase Global Inc (COIN), Marathon Digital Holdings Inc (MARA), and Riot Platforms Inc (RIOT) are rising due to an increase in Bitcoin's price over the weekend, surpassing $40,000. The crypto rally is driven by optimism for a potential spot Bitcoin ETF and expectations of a Federal Reserve rate cut in 2024. Coinbase shares are up nearly 9%, Marathon Digital's stock rose 13.6%, and Riot Blockchain's shares increased by 11.7%.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:15 pm

ALK

COIN

QQQ

SAIC

SPOT

SPY

UBER

U.S. stock futures indicate a weak opening as investors react to Fed Chair Powell's comments on potential policy tightening. Gold prices hit record highs amid geopolitical tensions, while Bitcoin soars past $40,000. Crude oil prices drop due to OPEC+ output cuts and demand concerns. Premarket trading sees SPY and QQQ ETFs down, while individual stocks like COIN, UBER, SPOT, SAIC, and ALK show significant movements. ALK's planned acquisition of HA causes a surge in HA's stock.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 2:14 pm

USIO

Usio, Inc. (NASDAQ:USIO) has entered into a strategic partnership with Genius Avenue, a benefits administration company. The partnership will leverage Usio's technology to power Genius Avenue's new FinTech solution for regulated enterprise businesses in insurance, benefits, and healthcare. The solution includes ACH payment processing, a prepaid card program, commission automation, and integrates with Genius Avenue's platforms to enhance customer experience and financial capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:13 pm

AMD

DELL

HPE

INTC

LNVGF

LNVGY

NVDA

TSM

AMD's EVP and GM, Forrest Norrod, at the UBS Annual Technology Conference, highlighted the potential of the MI300 in positioning AMD as a key player in the AI market. He expects AI revenue to surpass $2 billion in 2024, with the MI300 launch being a significant milestone. AMD's market share in North American hyperscalers is above 50%, and it aims to increase its enterprise sector share. Norrod compared AMD's chiplet technology favorably against NVIDIA and discussed compliance with U.S. export regulations for the Chinese market. Partnerships with companies like HPE, Dell, Lenovo, and Supermicro are key, and AMD's software strategy includes collaborations with hyperscalers and open-source initiatives. AMD maintains a strong foundry partnership with TSMC but is open to working with Intel if they catch up. The company targets a 30% plus operating margin over time, supported by investments in AI and other sectors.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 2:12 pm

ATHE

Alterity Therapeutics Inc (NASDAQ:ATHE) stock surged over 200% after presenting new data at the Future of Parkinson's Disease Conference 2023. The data showed that its drug ATH434 improved motor performance and general function in a primate model of Parkinson's disease. The treatment was associated with reduced iron levels in pathology and increased levels of synaptophysin, indicating functional neuronal connections. The study highlighted that all ATH434-treated monkeys showed stable or improved symptoms compared to the placebo group.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 2:11 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) has announced that its ContraPest products are now registered for sale and use in Puerto Rico. ContraPest is an EPA-registered rat contraceptive that affects both male and female rats and is designed to fit into integrated pest management programs. The company is finalizing plans with a large agricultural firm in Puerto Rico to be its lead customer. SenesTech offers four fertility control products, including the Ultimate Bait System, Isolate Bait System, Elevate Bait System, and Evolve Soft Bait. The registration in Puerto Rico is expected to help combat the significant rat infestation problem on the island, which impacts the grain industry and poses public health risks.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:09 pm