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21.0 EH/s and 967 MW 1,2 under management in mining with path to ~35 EH/s MIAMI, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for November 2024. “We achieved net increases in deployed self-mining hashrate and efficiency in November by bringing inefficient miners offline in preparation for our initial fleet upgrade and completing the development of our R&D facility at Salt Creek,” said Asher Genoot, CEO of Hut 8. “These measures partially offset the impact of rising network difficulty on Bitcoin production, and we expect further performance gains in Q1 2025 as our initial fleet upgrade is expected to drive an improvement in average fleet efficiency to 19.9 joules per terahash.” “We remain intently focused on growing our proprietary operations and have advanced the buildout of our Vega site on schedule for energization in Q2 2025. Accounting for our fleet upgrade and assuming we fully exercise our purchase option for the miners we expect to host at the Vega site, we have a path to approximately 24 exahash per second of self-mining hashrate with an average fleet efficiency of 15.7 joules per terahash as early as Q2 2025. In parallel, we continue to progress AI data center development opportunities across our development pipeline.” Highlights Construction at Vega advancing on track for energization in Q2 2025 (image to left) Completed development of R&D facility at Salt Creek to support the Company’s ongoing focus on innovation in data center design and technology Progressed AI data center development opportunities across development pipeline Operating Metrics Energy Infrastructure Platform 3 Upcoming Conferences & Events: December 11–12, 2024: Informa Tech: The AI Summit New York, New York City December 12, 2024: Northland Capital Markets Growth Conference, Virtual January 9–17, 2025: 27th Annual Needham Growth Conference, New York City January 19–22, 2025: Pacific Telecommunications Council PTC’25, Honolulu Notes : About Hut 8 Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: ten Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp. Cautionary Note Regarding Forward–Looking Information This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the Company’s planned initial fleet upgrade and the expected resulting performance gains, including expected improvement in average fleet efficiency, its focus on growing its proprietary operations, its buildout and energization of the Vega site, including the expected timing and resulting performance gains, its continuing progress with respect to AI data center development opportunities across its development pipeline and the impact of Ionic’s termination of the managed services agreement. Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at www.sec.gov , and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov . Hut 8 Corp. Investor Relations Sue Ennis ir@hut8.com Hut 8 Corp. Media Relations media@hut8.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9236ca1-6918-4b97-b9aa-530c73b90a67Mass. Legislature brushes aside Diana DiZoglio’s audit attempt until ballot question takes effect
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Hyderabad police arrest 3 for robbery, weapons seizedStock market today: Wall Street climbs as bitcoin bursts above $99,000Kangkan Kalita is a reporter with The Times of India and covers issues on health, education, stories of human interest while keeping a close watch on political developments and student movements. Reporting on environment and forest related issues and concerns of the northeast interest him equally. Read More Morning habits that can help improve concentration and performance at work Graceful snaps of Helly Shah Statement wedding jewellery inspired by ardent gemstone lover Nita Ambani Elegant snaps of Malavika Mohanan 10 simple ways you can boost productivity at work Vaani Kapoor's winter formal styling sets the next big fashion trend 10 authors who went viral on social media in 2024 Rasha Thadani's all-black look exudes chic elegance 8 tips to protect home garden in winters
Japan and Peru have agreed to partner in critical minerals mining—which would strengthen supply chains for both countries by using Japanese technology—amid China’s growing influence in South America. This agreement was announced on Nov. 17 during the Asia-Pacific Economic Cooperation (APEC) summit, where Japanese Prime Minister Shigeru Ishiba and Peruvian President Dina Boluarte unveiled a 10-year roadmap of strategic cooperation. Just three days prior, Chinese Communist Party (CCP) leader Xi Jinping participated remotely in inaugurating the new deep-water Chancay Port in Peru. This port, in which Beijing invested $1.3 billion in its first phase, was developed under the Belt and Road Initiative, China’s geopolitical influence platform through global infrastructure development. The CCP hailed the project as the starting point of a “new land-sea corridor between China and Latin America.” South America’s vast natural resources are a significant attraction for foreign investments. Critical minerals such as copper, zinc, and manganese are essential for electric vehicle battery production and other green energy products. The partnership will provide Japan, a country with limited natural resources, with the much-needed raw materials for its economic development. Under the roadmap through 2033, Japan and Peru have also committed to enhancing ministerial-level dialogues, including defense and trade. Peru is home to the second-largest population of Japanese immigrants and descendants in Latin America. Ishiba also expressed his wish to strengthen bilateral relations by engaging with the Nikkei communities, which consist of around 200,000 Japanese immigrants and their descendants and act as a bridge between the two countries. Japan’s economic relationship with Latin America spans a long history, with the region accounting for 8–9 percent of Japan’s global direct investments in recent years. However, this new agreement is the first step for the Asian country to begin a sizable investment in Peru. In comparison, China controls a substantial share of the world’s processing capacity of rare earths, handling up to 60–90 percent of key base metals, including cobalt, lithium, and nickel. This dominance in processing gives China significant leverage, as it can impose export restrictions on these critical minerals. In December 2023, for example, China imposed a ban on the export of rare earth extraction and separation technologies, citing national security concerns. Its near-monopoly control of the sector has raised alarms among countries heavily reliant on China for these vital resources. Professor Lee Deng-ker, a Taiwanese political scholar and professor of foreign affairs at the National Chengchi University, told The Epoch Times that along with its growing economic influence in Latin America, China’s dominance in critical minerals will continue to increase, posing potential risks to the security of global supply chains, especially for Japan, which the Chinese communist regime often portrays as an adversary of China. As a result, Lee said, protecting its mineral industries has become a pressing concern for Japan. China’s growing influence in South America has also been a major concern for the United States, as this shift has allowed China to further exert its control over critical metals. Over the past decade, China has surpassed the United States to become South America’s largest trading partner. Between 2000 and 2020, trade between China and Latin America increased 26-fold, from $12 billion to $315 billion, according to the World Economic Forum. This trend continued, with trade reaching $450 billion by 2022. Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic and International Studies (CSIS), said building critical minerals security is a pressing concern for the United States. Baskaran urged President-elect Donald Trump to incentivize domestic processing capacity and build strategic partnerships with mineral-rich countries to counter China’s dominance in the sector. Likewise, Taiwan-based Lee said he hopes the United States and its allies, including Japan and Taiwan, can help Latin American nations by promoting economic development and increasing trade, as this would reduce the base from which China projects influence. “This would be a win-win situation and a very important strategy,” he said.
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Manmohan Singh, the former Indian prime minister whose economic reforms made his country a global powerhouse, died at 92 and current leader Narendra Modi said Thursday. India “mourns the loss of one of its most distinguished leaders,” Modi posted on social media platform X shortly after news broke of Singh’s passing. “As our Prime Minister, he made extensive efforts to improve people’s lives.” Singh was taken to a hospital in New Delhi after he lost consciousness at his home on Thursday, but could not be resuscitated and was pronounced dead at 9:51 pm local time, according to a statement by the All India Institute of Medical Sciences. Singh, who held office from 2004 to 2014, is credited with having overseen an economic boom in Asia’s fourth-largest economy in his first term, although slowing growth in later years marred his second stint. “I have lost a mentor and guide,” opposition Congress leader Rahul Gandhi said in a statement, adding that Singh had “led India with immense wisdom and integrity.” “Millions of us who admired him will remember him with the utmost pride,” said Gandhi, a scion of India’s powerful Nehru-Gandhi dynasty and the most prominent challenger to Modi. Mallikarjun Kharge, leader of the opposition in parliament’s upper house, said, “India has lost a visionary statesman, a leader of unimpeachable integrity, and an economist of unparalleled stature.” President Droupadi Murmu wrote on X that Singh will “always be remembered for his service to the nation, his unblemished political life and his utmost humility.” – ‘Mr Clean’ – Born in 1932 in the mud-house village of Gah in what is now Pakistan, Singh studied economics to find a way to eradicate poverty in India and never held elected office before taking the vast nation’s top job. Related News Tears, prayers as Asia mourns 20th anniversary of 2004 tsunami India arrests Nigerian woman over drug trafficking India restricts solar module imports to cut reliance on China He won scholarships to attend both Cambridge, where he obtained a first in economics, and Oxford, where he completed his PhD. Singh worked in a string of senior civil posts, served as a central bank governor, and also held various jobs with global agencies, including the United Nations. He was tapped in 1991 by then Congress prime minister P.V. Narasimha Rao to reel India back from the worst financial crisis in its modern history. In his first term, Singh steered the economy through a period of nine-percent growth, lending India the international clout it had long sought. He also sealed a landmark nuclear deal with the United States that he said would help India meet its growing energy needs. Known as “Mr Clean,” Singh nonetheless saw his image tarnished during his decade-long tenure when a series of corruption cases became public. Several months before the 2014 elections, Singh said he would retire after the polls, with Sonia Gandhi’s son Rahul earmarked to take his place if Congress won. But Congress crashed to its worst-ever result at that time as the Hindu-nationalist Bharatiya Janata Party, led by Modi, won in a landslide. Singh — who said historians would be kinder to him than contemporary detractors — became a vocal critic of Modi’s economic policies, and more recently warned about the risks that rising communal tensions posed to India’s democracy. AFPNone
Biden team briefed Trump transition on Israel-Hezbollah ceasefirelertsakwiman– stock.adobe.com Treatment with afamitresgene autoleucel (afami-cel; Tecelra) was associated with long-term persistence in the periphery that led to clinical benefit in patients with synovial sarcoma, according to findings from translational analyses of the phase 2 SPEARHEAD-1 trial (NCT04044768) presented at the 2024 CTOS Annual Meeting. 1 SPEARHEAD-1 investigators found that afami-cel accumulated after infusion and reached peak concentration at a median of 7 days post-infusion. Furthermore, afami-cel was detected in patients at over 3 years post-infusion. The median terminal half-life of the product was 152 days; this value was 263 days in responders and 84 days in non-responders. Investigators noted that afami-cel persistence tended to plateau over time in several patients, which was consistent with the durable persistence findings. Notably, 1 patient had an afami-cel level below quantification limits at any time point. Afami-cel is an engineered high-affinity TCR T-cell product that expresses an exogenous T-cell receptor and targets a peptide from HLA-presented MAGE-A4—a cancer antigen that is upregulated in certain tumors. Patient eligibility for afami-cel is restricted to patients with tumors that express MAGE-A4 and have HLA molecules that will react with the afami-cel T-cell receptor. Cohort 1 of the open-label, international SPEARHEAD-1 trial evaluated the efficacy and safety of afami-cel in 44 patients with HLA-A*02–positive, MAGE-A4–expressing, advanced or metastatic synovial sarcoma.1,2 Patients received 1 infusion of afami-cel following lymphodepleting chemotherapy. In this trial, afami-cel elicited an overall response rate of 39% (95% CI, 24%-55%).2 The median duration of response was 11.6 months (95% CI, 4.4-18.0). 1 Regarding safety, cytopenias were the most common grade 3 or higher adverse effect. 2 Additionally, most patients developed cytokine release syndrome (CRS), 1 of whom had grade 3 CRS. On August 2, 2024, the FDA granted accelerated approval to afami-cel for the treatment of adult patients with unresectable or metastatic synovial sarcoma who have received prior chemotherapy; have HLA-A*02:01P–, HLA-A*02:02P–, HLA-A*02:03P–, or HLA-A*02:026P–positive disease; and whose tumors express MAGE-A4 as determined by FDA-approved diagnostics or cleared companion diagnostic devices.3 The decision was supported by data from SPEARHEAD-1, and afami-cel is the first engineered cell therapy to be approved by the FDA for the treatment of patients with solid tumors. Investigators conducted translational analyses to determine how the mechanism of action of afami-cel induced the clinical responses seen in SPEARHEAD-1.1 Blood samples from the periphery of afami-cel–treated patients were assessed, along with tumor biopsies taken before and after treatment. The objectives of these analyses were to identify how afami-cel induces long-term responses and to collect other findings to support the product’s intended mechanism of action. At a data cutoff of March 29, 2023, additional data from the translational research showed that patients who achieved an objective response experienced greater long-term pharmacokinetic exposure to afami-cel at an area under the curve (AUC) of 0 to 12 months vs non-responders ( P < .001). Greater long-term pharmacokinetic exposure also correlated with significantly longer progression-free survival (PFS). Patients with an AUC of 0 to 12 months at or above the median (n = 17) were associated with longer PFS compared with patients with an AUC of 0 to 12 months below the median (n = 16; P < .05). After infusion, both CD4- and CD8-positive afami-cel T cells developed phenotypes of memory T cells, defined as T cells that can persist long term, which express unique phenotypic markers. Flow cytometry showed that expression of memory markers increased on afami-cel after infusion, indicating that conversion to memory phenotypes was consistent with long-term afami-cel persistence. Flow cytometry also found that afami-cel demonstrated consistently low expression of T-cell exhaustion phenotypic markers beyond 2 years post-infusion; this finding was consistent with the product’s cytolytic functionality retention and long-term persistence. A case study showed that 1 patient who received afami-cel achieved a sustained response, including tumor cell killing, lasting longer than 3.7 years post-infusion. Two of this patient’s 3 target lesions completely resolved, and 1 lesion had a partial response (PR). Lesion 2 shrank more than 3 years post-infusion. Investigators noted that this delayed tumor shrinkage indicates that afami-cel retains a long-term ability to kill tumor cells. Through flow-based sorting, investigators detected and isolated afami-cel from this patient and used an ex vivo killing assay, which showed that the isolated afami-cel retained its killing ability 3.3 years post-infusion. Investigators noted that similar long-term afami-cel potency was also seen in other patients. Using RNA in situ hybridization, investigators detected afami-cel’s infiltration of tumoral and stromal regions in 30 out of 32 tested post-infusion biopsies. This analysis demonstrated that afami-cel can infiltrate solid tumors, which is consistent with its intended mechanism of action. Afami-cel was also shown to activate endogenous immune responses through T-cell infiltration in 23 synovial sarcoma tumors, including 4 that had a PR, 15 that had stable disease, and 4 that had progressive disease. Investigators saw a significant increase in the densities of all CD3-positive T cells in the tumor beyond afami-cel cells ( P < .001) that was attributed to an influx of afami-cel transgene–negative endogenous T cells in the tumors after treatment. Levels of Ki67-positive CD8-positive T-cells (which are indicative of proliferation) and Grb-positive CD8-positive T cells (which are indicative of killing ability) also increased following afami-cel infusion. Investigators explained that these findings show that beyond directly killing tumor cells, afami-cel activates a patient-driven antitumor response by inflaming the tumor microenvironment and recruiting endogenous T cells that can proliferate and kill tumor cells. Disclosures : Dr Druta reported receiving consultancy fees and advisory board fees from Aadi Bioscience, Adaptimmune, Daiichi Sankyo, and Deciphera Pharmaceuticals. All other study authors are employees of, and may hold stock/options in, Adaptimmune. The study was sponsored by Adaptimmune.
Forrest's 30 lead N.C. A&T past North Carolina Central 85-72American Battery Technology Company, listed under the ticker symbol ABAT, recently entered into a Securities Purchase Agreement with two institutional investors for its common stock and warrants as part of a registered direct offering. The transaction took place on December 26, 2024, with the Offering set to close on December 27, 2024, subject to customary closing conditions. Under the Purchase Agreement, the Company agreed to sell 3,773,586 shares of its Common Stock at $2.65 per share, along with corresponding warrants exercisable for up to an additional 3,773,586 shares. The warrants, with an exercise price of $2.80 per share, have a five-year term and allow for cashless exercise under certain circumstances. Upon completion, the anticipated gross proceeds from the Offering will amount to approximately $10 million before expenses. A Placement Agency Agreement was also established with A.G.P./Alliance Global Partners, under which the Placement Agent will receive a percentage fee based on the capital raised, along with reimbursement for incurred legal expenses. The securities were issued pursuant to a Registration Statement on Form S-3, and the legalities of the transaction were reviewed and confirmed by Holland & Hart LLP. The Company’s press release regarding the Offering was furnished on December 26, 2024, noting the details of the securities transaction. American Battery Technology Company is based in Reno, Nevada, specializing in critical battery minerals for primary manufacturing and lithium-ion battery recycling to support various industries’ demands. This press release does not constitute an offer or solicitation to buy or sell securities, and the transaction’s details have been filed with the Securities and Exchange Commission (SEC) for public record. Potential risks associated with forward-looking statements tied to the Offering and future operational outcomes should be considered based on available information from the Company’s SEC filings, which include the latest Annual Report on Form 10-K. For media inquiries, contact Tiffiany Moehring at [email protected] or 720-254-1556. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read American Battery Technology’s 8K filing here . About American Battery Technology ( Get Free Report ) American Battery Technology Company, a battery materials company, engages in supplying battery metals. The company explores for resources of battery metals; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. Read More
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