Colorado faces a difficult choice, transition off fossil fuels to renewable sources of energy or continue to jeopardize our environment and health. Transition, will cause economic and social disruption for workers and communities. Consequently, any “just transition” requires solutions that mitigate the negative consequences while simultaneously eliminating the deadly pollution caused by burning fossil fuels.
Tag: diversification
TLDR: Harvard’s IBIT stake climbed 257 % to about $442. 8 million in Q3. GLD holdings nearly doubled to $235 million, signalling diversification. IBIT is now Harvard’s largest disclosed position in a 13F filing. Institutional flow into Bitcoin ETFs continues despite short‑term crypto volatility. The Harvard University endowment reported an allocation of 6, 813, 612 shares in the IBIT (iShares Bitcoin [.] The post Harvard Makes Major Move in Bitcoin ETF Holdings appeared first on Blockonomi.
Yum! Brands: Tasty Fundamentals, But Valuation And Technicals Are Unappetizing
Key Takeaways Trump Media posted a $54. 8 million loss in Q3 as revenue slipped below $1 million. The company invested [.] The post Trump Media Reports $55M Loss After Massive Bitcoin Investment appeared first on Coindoo.
The post CORZ Has Major Upside Following Failed CRWV Takeover appeared com. Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts Paul Golding and Marni Lysaght wrote in the report on Thursday. The bank’s analysts viewed the outcome as a positive, giving Core Scientific more flexibility to lease its near-term power capacity to AI tenants. Core Scientific shares were 4. 5% higher in early trading, around $21. 70. The analysts noted that the bitcoin miner’s 1. 5 gigawatt (GW) portfolio includes 590 megawatts (MW) leased to CoreWeave and another 1 GW gross, roughly 700 MW billable, under load study. Management expects to sign at least one new colocation customer by fourth-quarter earnings, a move Macquarie said could accelerate revenue diversification and highlight the company’s advantage in high-performance computing buildouts. Jefferies said Core Scientific is moving forward with renewed focus after shareholders voted down its proposed merger with CoreWeave. The bank noted that Core Scientific exits the process with 1. 5 GW of existing and planned billable power capacity and little capital expenditure tied to the now-defunct deal. Throughout the merger talks, the miner continued expanding its data center business and is now positioned to sign new tenants and power contracts by the end of the year, analysts led by Jonathan Petersen wrote in the Thursday report. The signing of a new tenant would be a key milestone for diversifying revenue and reducing dependence on CoreWeave, the report said. Jefferies has a buy rating on Core Scientific shares with a $28 price target. Read more: Core Scientific Holders Poised to Reject CoreWeave Merger, Jefferies Says Source:.
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