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$DLPN Launches Non-Fungible Tokens Creation & Marketing DivisionDolphin Entertainment Launches Non-Fungible Tokens (NFTs) Creation and Marketing Division; Expects First Partnership in Collectibles New division will make and promote NFTs for Dolphin and for its film, television, music, gaming, epicurean and technology clients. We expect several upcoming projects and partnerships that will combine our creative and marketing expertise to bring exciting offerings to the NFT marketplace." finance.yahoo.com
NASDAQ:DLPN
by AlenCiken
$HOFV a possible NFT play in the future?A former SPAC associated with the NFL is spiking on traders calling it a possible NFT play in the future. is being circulated as a possible NFT play for investors. The company has a working relationship with the NFL in several areas and one Twitter account called the company the next NFT target play. “Check this news the angle stands out clear as day,” the tweet read. An article from NBC Sports was shared as part of the tweet that said the NFL is working on an NFT strategy. The NFL has told teams they shouldn’t make their own NFT deals without checking with the league first. The article did not mention any names or call out Hall of Fame Resort & Entertainment. “We are aware of the NFTs and working to understand them better,” a Hall of Fame Resorts spokesperson told Benzinga Friday. NFTs, or non-fungible tokens, are a hot topic in 2021 and investors are looking for companies with exposure to the growing market. The NFL could be looking to replicate the success of NBA Top Shot with its own NFT platform. Hall of Fame Resorts is a partner with the NFL but does not have experience in the blockchain market. “We know that we have incredible content and are always looking at different ways to monetize our assets,” the Hall of Fame Resorts spokesperson told Benzinga. Hall of Fame Resorts has a working relationship with the NFL. At this point, the company has no entry in the NFT market, so the rise in shares is based on speculation of a possible partnership. www.benzinga.com
NASDAQ:HOFV
by AlenCiken
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Bitcoin Miner Greenidge and $SPRT Announce Merger AgreementBitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. (Nasdaq: $SPRT) Announce Merger Agreement Greenidge expects to achieve calendar year 2021 EBITDA in excess of $50 million and a run rate in excess of $160 million of EBITDA by Q4 20221 Hashrate of 1.1 exahash per second (“EH/s”), which is expected to grow to 2.6 EH/s in 20222 Based on its current buildout and expansion expectations, Greenidge expects to have at least 500 megawatts (“MW”) of mining capacity by 2025, compared to 19 MW today Support.com, Inc. (“Support.com”) is expected to provide Greenidge with an estimated $33 million of additional cash. Pro forma for the merger, the combined companies currently have over $70 million of net cash Upon completion of merger The merger is expected to close in Q3 2021 Greenidge is expected to be the only U.S. public company operating a vertically integrated power generation asset and bitcoin mining operation. www.businesswire.com
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by AlenCiken
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$ZKIN Eneters Non-Fungible-Token Market Projected at $1.3 BZK International's Subsidiary, xSigma Eneters Non-Fungible-Token Market Projected at $1.3 billion in 2021 as it Announces the Launch of its "NFT" Platform on Ethereum and Polkadot Blockchains The new platform being developed by the developing team at xSigma labs will be an NFT marketplace, which will allow users in the community to buy and sell NFTs, as well as to create their own custom NFTs in a few clicks. xSigma plans to use multiple blockchains behind the platform, such as Ethereum and Polkadot. xSigma plans to attract various artists and talents on an exclusive basis to its platform. Previously, xSigma was able to attract NBA Champion Dwight Howard, to endorse its DeFi project and it hopes that the new marketplace will be able to attract similar celebrities to its new NFT Platform. What are Non-Fungible Tokens? Non-Fungible Tokens are easily exchangeable and individually unique digital assets which are held on certain blockchains , mainly Ethereum but also others such as Flow, Wax, and many others. One of the key differences between Cryptocurrencies and Non-Fungible Tokens is that every NFT is completely and not directly interchangeable with any other asset by identity, value, and/or utility . Every Non-Fungible Token is composed of metadata which gives each one their individuality, these attributes can include size, artist name, scarcity etc. NFT not only exist in a digital space but crucially they can also represent any type of physical asset, acting as a kind of 'digital twin' to anything existing in the real world and enabling the ownership and exchange of physical possessions within digital marketplaces. the total market cap for project-based NFTs finished was $338 million at the close of 2020. Messari research analyst Mason Nystrom believes this figure could rise to more than $1.3 billion in 2021." The report goes on to indicate, that it is predicting that 2021 is poised for "a new Bull Market in the NFT industry."1 finance.yahoo.com
NASDAQ:ZKIN
by AlenCiken
$HCI TypTap Raises $100 Million from CenterbridgeHCI subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million. In exchange for its investment, Centerbridge received from TypTap preferred shares with liquidation, dividend, redemption, and other rights and received from HCI a four-year warrant to purchase 750,000 HCI common shares at $54.40 per share. The preferred shares automatically convert to common shares upon completion of an initial public offering meeting certain parameters. finance.yahoo.com
NYSE:HCI
by AlenCiken
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Why cryptocurrency $CAN stock surged in February?$CAN stock surged in February as the extended rally in cryptocurrencies continued to boost $CAN stock. CAN stock is particularly well-positioned to benefit as a maker of Bitcoin mining machines, presently scarce and in high demand. Last week, Canaan announced “improved revenue visibility” for 2021 after receiving orders for 100,000 mining machines in North America, many of which were prepaid. Canaan Creative is just the latest beneficiary of the recent rush into cryptocurrencies. Founded in 2013, Canaan released the first ASIC-powered Bitcoin mining machine and is currently the world’s second-largest designer and manufacturer of BTC mining machines. finance.yahoo.com
NASDAQ:CAN
by AlenCiken
2
Rocket Lab to Become Publicly Traded Through Merger with $VACQRocket Lab, an End-to-End Space Company and Global Leader in Launch, to Become Publicly Traded Through Merger with Vector Acquisition Corporation. End-to-end space company with an established track record, uniquely positioned to extend its lead across a launch, space systems and space applications market forecast to grow to $1.4 trillion by 2030 One of only two U.S. commercial companies delivering regular access to orbit: 97 satellites deployed for governments and private companies across 16 missions. Transaction will provide capital to fund development of reusable Neutron launch vehicle with an 8-ton payload lift capacity tailored for mega constellations, deep space missions and human spaceflight Proceeds also expected to fund organic and inorganic growth in the space systems market and support expansion into space applications enabling Rocket Lab to deliver data and services from space Business combination values Rocket Lab at an implied pro forma enterprise value of $4.1 billion. Pro forma cash balance of the combined company of approximately $750 million at close Rocket Lab forecasts that it will generate positive adjusted EBITDA in 2023, positive cash flows in 2024 and more than $1 billion in revenue in 2026 Group of top-tier institutional investors have committed to participate in the transaction through a significantly oversubscribed PIPE of approximately $470 million, with 39 total investors including Vector Capital, BlackRock and Neuberger Berman. finance.yahoo.com
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by AlenCiken
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QuickLogic's Amazon-Qualified Reference Design built in AlexaQuickLogic's Amazon-Qualified Reference Design Brings Alexa to Hearables - Smart hearable reference design for voice-initiated, hands-free Alexa Built-in Devices with Close-Talk support - ­Provides hearable OEMs and ODMs with a head start on designing their own products with the Alexa user experience. QUIK today announced it has released an Amazon-qualified reference design that empowers OEMs and ODMs to evaluate and develop their own smart hearable products quickly and easily. This kit integrates the Alexa voice-initiated Close-Talk experience, enabling a broad set of battery-powered applications to communicate directly with Alexa for a multitude of use cases. "The age of the smart hearable has arrived, and our always-listening, Alexa Close-Talk reference design is the ideal platform for developing next generation AI-enabled hearable products," The QuickLogic QuickFeather AVS reference design for Amazon is available now and can be ordered from QuickLogic's online store. finance.yahoo.com
NASDAQ:QUIK
by AlenCiken
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$TAOP Enters into Blockchain Deployment Consulting AgreementTAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment $TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay"). Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following: Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin, Ethereum, etc.) investment opportunities. Introduce TAOP to potential investors for strategic investment. Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans. growing market demand for digital assets such as Bitcoin, maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin. In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash. finance.yahoo.com
NASDAQ:TAOP
by AlenCiken
$SINO Announces LOI to Acquire 51% of Computing Power CenterSino-Global Announces LOI to Acquire 51% of Computing Power Center Company $SINO announced today that it has signed a Letter of Intent ("LOI") to acquire 51% of Inner Mongolia Nine-Chain Intelligent Big Data Park Service Co., Ltd. ("Nine-Chain Intelligent"). Based on the information furnished to the Company, Nine-Chain Intelligent's computing power center currently has about 150,000 KW*hour capacity for Bitcoin mining. The total Bitcoin computing power reaches 4500P. In addition, the center has 50,000 KW*hour capacity for Ethereum mining. The total Ethereum computing power reaches 28T. 51% of equity interest is approximately $8.5 million. We are extremely excited to execute an LOI to help us strategically expand our business to Bitcoin and Ethereum mining. Recently, cryptocurrency mining has evolved rapidly with scalability and infrastructure. This investment will provide Sino-Global a foundation to develop the mining project efficiently. finance.yahoo.com
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by AlenCiken
$AXT revenue in Q4 rose 47% year over year to $27 million!“2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter,” Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019. Gross margin was 34 percent of revenue for the fourth quarter of 2020, compared with 35 percent of revenue in the third quarter of 2020 and 21 percent for the fourth quarter of 2019. Net income in the fourth quarter of 2020 was $2.1 million, or $0.05 per share, compared with net income of $1.0 million or $0.02 per share in the third quarter of 2020, and a net loss of $2.0 million or $0.05 per share for the fourth quarter of 2019. three analysts upgraded their 12-month price targets for the stock. Analysts from Northland, B. Riley Securities, and BWS Financial set price targets of $15, $12, and $20, respectively. finance.yahoo.com www.fool.com
NASDAQ:AXTI
by AlenCiken
H.C. Wainwright boosted price target from $24 to $50 Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark (CLSK) model. The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy. The reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue. However, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead. The Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February. By early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s. finance.yahoo.com
NASDAQ:CLSK
by AlenCiken