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Databricks Agrees to Acquire Tabular, the Company Founded by the Original Creators of Apache Iceberg

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Databricks and Tabular will work together towards a joint vision of the open lakehouse

SAN FRANCISCO, June 4, 2024 /PRNewswire/ — Databricks, the Data and AI company, today announced it has agreed to acquire Tabular, a data management company founded by Ryan Blue, Daniel Weeks, and Jason Reid. By bringing together the original creators of Apache Iceberg™ and Linux Foundation Delta Lake, the two leading open source lakehouse formats, Databricks will lead the way with data compatibility so that organizations are no longer limited by which of these formats their data is in. Databricks intends to work closely with the Delta Lake and Iceberg communities to bring format compatibility to the lakehouse; in the short term, inside Delta Lake UniForm and in the long term, by evolving toward a single, open, and common standard of interoperability. Databricks and Tabular will work together towards a joint vision of the open lakehouse.

The Rise of Lakehouse Architecture and Format Incompatibility

Databricks pioneered the lakehouse architecture in 2020 to enable the integration of traditional data warehousing workloads with AI workloads on a single, governed copy of data. For this to work, all data has to be in an open format so different workloads, applications, and engines could access the same data. Lakehouse architecture maximizes enterprise productivity by democratizing access to data. This is in contrast to proprietary data warehouses where only a proprietary SQL engine can read, write or share the data, and data often has to be copied and exported to be used by other applications, creating a high degree of vendor lock-in. Four years later, 74% of enterprises have deployed a lakehouse architecture.

The foundation of the lakehouse is open source data formats that enable ACID transactions on data stored in object storage. These formats dramatically improve the reliability and performance of data operations on the data lake and were specifically designed for open source engines such as Apache Spark™, Trino and Presto. To address these challenges, Databricks worked with the Linux Foundation to create the Delta Lake project. Since its inception, Delta Lake has over 500 code contributors from a diverse set of organizations, and over 10,000 companies globally use Delta Lake to process 4+ exabytes of data on average each day.

Around the same time Delta Lake was created, Ryan Blue and Daniel Weeks developed the Iceberg project at Netflix and donated it to the Apache Software Foundation. Since then, Delta Lake and Iceberg have emerged as the two leading open source standards for lakehouse formats. Even though both of these formats are based on Apache Parquet and share similar goals and designs, they became incompatible due to independent development.

Over time a number of other open source and proprietary engines have adopted these formats. However, they usually adopted only one of the standards and more often than not, only part of that standard, leading to fragmented and siloed enterprise data, undermining the value of the lakehouse architecture.

The Road to Interoperability

Companies need data interoperability to realize the benefits of the lakehouse, and Databricks will work closely with the Delta Lake and Iceberg communities to bring interoperability to the formats over time. This is a long journey, one that will likely take several years to achieve in those communities. That is why last year, Databricks introduced Delta Lake UniForm. UniForm tables provide interoperability across Delta Lake, Iceberg, and Hudi, and support the Iceberg restful catalog interface so companies can use the analytics engines and tools they are already familiar with, across all their data. Generally available today, UniForm allows companies to achieve compatibility. With the addition of the original Iceberg team, Databricks will greatly broaden the ambitions of Delta Lake UniForm.

“Databricks pioneered the lakehouse and over the past four years, the world has embraced the lakehouse architecture, combining the best of data warehouses and data lakes to help customers decrease TCO, embrace openness, and deliver on AI projects faster. Unfortunately, the lakehouse paradigm has been split between the two most popular formats: Delta Lake and Iceberg. Databricks and Tabular will work with the open-source community to bring the two formats closer to each other over time, increasing openness, and reducing silos and friction for customers,” said Ali Ghodsi, Co-founder and CEO at Databricks. “Last year, we announced Delta Lake UniForm to bring interoperability to these two formats, and we’re thrilled to bring together the foremost leaders in open data lakehouse formats to make UniForm the best way to unify your data for every workload.”

A Shared Commitment to Openness

Databricks and Tabular share a history of championing open source formats. Both companies were founded to commercialize open source technologies created by the founders and today, Databricks is the largest and most successful independent open source company by revenue and has donated 12 million lines of code to open source projects. This acquisition highlights Databricks’ commitment to open formats and open source data in the cloud, helping ensure that companies are in control of their data and free from the lock-in created by proprietary vendor-owned formats.

“We created Apache Iceberg to solve critical data challenges around correctness, performance, and scalability. It’s been amazing to see both Iceberg and Delta Lake grow massively in popularity, largely fueled by the open lakehouse becoming the industry standard. With Tabular joining Databricks, we intend to build the best data management platform based on open lakehouse formats so that companies don’t have to worry about picking the ‘right’ format or getting locked into proprietary data formats,” said Ryan Blue, Co-Founder and CEO at Tabular.

To learn more about Databricks and Tabular joining forces, register to attend the Data + AI Summit, June 10-13: databricks.com/dataaisummit

Details Regarding the Proposed Acquisition

The proposed acquisition is subject to customary closing conditions, and is expected to close in Databricks’ second fiscal quarter. 

About Tabular

Tabular is the independent data platform built by the original creators of Apache Iceberg. Tabular addresses the pain data engineers and data scientists endure fighting the shortcomings of their data infrastructure. Tabular was founded by Netflix alumni Ryan Blue, Dan Weeks and Jason Reid. Blue also serves as the Iceberg PMC Chair and Weeks is an Iceberg PMC member.

About Databricks

Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook.

Contact: Press@databricks.com

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OceanaGold Reports Voting Results from its 2026 Annual Meeting of Shareholders

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VANCOUVER, BC, June 9, 2026 /PRNewswire/ – OceanaGold Corporation (TSX: OGC) (NYSE: OGC) (“OceanaGold” or the “Company”) is pleased to report the voting results from the Annual General and Special Meeting of Shareholders of the Company (the “AGM”) held today.

A total of 184,072,822 common shares of the Company were represented in person or by proxy at the AGM, representing 82.06% of common shares outstanding as at the record date. Shareholders voted in favour of each of the items of business at the AGM.

Election of Directors

Each of the director nominees listed in OceanaGold’s Management Information Circular dated April 23, 2026 was elected as a director of the Company to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out in the table below:

Directors

Votes For

%

Votes Withheld

%

Paul Benson

132,452,772

77.70

38,003,874

22.30

Ian M. Reid

169,552,116

99.47

904,530

0.53

Craig J. Nelsen

169,280,303

99.31

1,176,343

0.69

Sandra M. Dodds

167,057,565

98.01

3,399,081

1.99

Alan N. Pangbourne

170,267,931

99.89

188,715

0.11

Linda M. Broughton

170,153,528

99.82

303,118

0.18

Stefanie E. Loader

169,432,122

99.40

1,024,524

0.60

Gerard M. Bond

170,272,112

99.89

184,534

0.11

Appointment of Auditor

PricewaterhouseCoopers LLP was appointed as the auditor of the Company to hold office until the close of the next annual meeting of shareholders or until its successor is appointed, at a remuneration to be fixed by the directors of the Company.

Votes For

%

Votes Withheld

%

180,933,130

98.29

3,139,692

1.71

Advisory Vote on the Approach to Executive Compensation

A non-binding resolution on the Company’s approach to executive compensation was approved.

Votes For

%

Votes Against

%

165,775,649

97.25

4,680,997

2.75

Virtual-Only Annual General Meetings

A resolution to hold the Company’s 2027 annual general meeting of shareholders in a virtual-only format was approved.

Votes For

%

Votes Against

%

106,379,295

62.41

64,077,351

37.59

About OceanaGold

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America; the wholly-owned Macraes and Waihi operations in New Zealand; and the 80%-owned Didipio Mine in the Philippines.

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SOURCE OceanaGold Corporation

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AI Engines Trust Hermès, Rolex, Chanel and Ferrari Most — 5W and Haute Living Release The AI Luxury 25

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First ranking of the twenty-five luxury houses defining the AI era, scored by citation share across ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews.

MIAMI, June 9, 2026 /PRNewswire/ — 5W, the AI Communications Firm, and Haute Living, today released The AI Luxury 25, the first ranking of the world’s leading luxury houses by how clearly the AI engines describe them. Twenty-five houses, five engines, five equal dimensions, one composite score. Hermès leads at 98.6. Rolex, Patek Philippe, Chanel, and Ferrari complete the top tier.

More than a third of luxury buyers now begin product research with AI, not Google. The first impression a buyer forms is the answer an engine returns when asked about a house — and certain houses surface, cleanly and consistently, while others blur. The AI Luxury 25 measures that gap and ranks the houses most deeply embedded in AI-generated answers.

The study scores each house on archival depth, citation density, entity clarity, editorial consistency, and retrieval stability. Hermès posts the cleanest entity profile in consumer commerce. Rolex records the only perfect entity-clarity score in the index. Aman, founded in 1988, is the modern house rising fastest — proof that retrieval authority can be built on purpose, not just inherited.

“In the AI era, the answer is the first impression,” said Ronn Torossian, Founder and Chairman of 5W AI Communications. “The houses at the top of this index earned it the only way it can be earned — a century of saying the same thing, consistently, until the machine learned it cold. That consistency is the modern form of brand equity. Everyone else now has to build it on purpose.”

“For two centuries the great houses competed for the cover, the window, the front row,” said Kamal Hotchandani, Founder and CEO of Haute Living. “The new front row is the answer a machine returns when a buyer asks. Hermès and Rolex didn’t set out to win it — they earned it with a century of discipline. This index measures who owns that answer.”

The full study, ranked tables, and methodology are available at https://www.5wpr.com/ai-visibility-index/ai-luxury-25-2026/

About Haute Living

Haute Living is the luxury lifestyle media brand covering the people, places, and brands defining the global luxury economy. Learn more at hauteliving.com.

About 5W AI Communications

5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research, helping clients measure and grow their presence in AI-driven buyer research.

Founded more than 20 years ago, 5W has been recognized as a top U.S. PR agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, and honored as a Top Place to Work in Communications in 2026 by Ragan. 5W serves clients across B2C sectors including Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit; B2B specialties including Corporate Communications and Reputation Management; as well as Public Affairs, Crisis Communications, and Digital Marketing, including Social Media, Influencer, Paid Media, GEO, and SEO. 5W was also named to the Digiday WorkLife Employer of the Year list.

Media Contact
press@5wpr.com 

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SOURCE 5W Public Relations

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Hut 8 Closes $4.25 Billion of Investment-Grade Senior Secured Notes for Beacon Point Data Center Project

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Hut 8’s second investment-grade data center construction bond — fully amortizing, non-recourse, and non-dilutive — rated Baa2 and priced 20 basis points inside the River Bend notes issuance spread

Substantially oversubscribed, broadening Hut 8’s institutional credit investor base and bringing cumulative project-level, investment-grade data center construction financing to $7.5 billion

MIAMI, June 9, 2026 /PRNewswire/ — Hut 8 Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the closing of a $4.25 billion offering (the “Offering”) of 6.129% senior secured notes due 2042 (the “Notes”) issued by its wholly-owned subsidiary, Beacon Point DC LLC (the “Issuer”). The Notes are rated Baa2 by Moody’s Ratings, one notch above the BBB− assigned by S&P Global Ratings and Fitch Ratings to Hut 8’s River Bend financing in April 2026.

The Issuer intends to use the proceeds from the Offering to (i) finance (1) the development and construction of a turnkey data center, comprising six data halls with a combined total of 352 megawatts of critical IT capacity, to be built on an approximately 521-acre property in Nueces County, Texas and (2) the construction of the substation located on the property, which data center facility will be leased to a tenant that is a high-investment-grade company (i.e., rated AA− or higher) as of the date hereof pursuant to the data center lease agreement, (ii) fund debt service reserves, and (iii) pay fees and expenses in connection with the Offering.

Offering Highlights

Demonstrates the repeatability of an investment-grade financing model that preserves balance-sheet strength: The Offering marks the second execution of a financing model that is non-recourse to Hut 8, fully funded at the project level, and non-dilutive to existing shareholders, with no expected equity issuance by Hut 8 to fund the project. The fully amortizing structure eliminates refinancing risk at the project level, while its non-recourse profile allows Hut 8 to maintain zero recourse debt at the parent level, leaving its balance sheet unconstrained.Reflects disciplined, first-principles execution marked by improved rating, pricing, and scale: The Offering improves upon the first execution of the model at River Bend across rating and spread. At T+165 basis points, the Notes priced 20 basis points inside the River Bend notes issuance spread. These terms establish the Offering as the largest, tightest-priced, and highest-rated investment-grade bond issued to date in a single-sponsor data center construction financing. Across successive executions, this progression supports Hut 8’s pursuit of a corporate investment-grade profile.Confirms broadening institutional endorsement of Hut 8’s development financing model: Investor demand validates Hut 8’s model of financing investment-grade, construction-stage development. The Offering was substantially oversubscribed and attracted both repeat investors and new investors who did not participate in the River Bend offering, broadening Hut 8’s institutional credit investor base. Together, River Bend and Beacon Point represent $7.5 billion of investment-grade capital raised for construction-stage data center development, a credit standard rarely achieved prior to commercial operations.

Asher Genoot, CEO of Hut 8, said: “The investment-grade market has historically not been available to finance project-level data center construction. Together with our River Bend offering, this Offering establishes the ability of our data center projects to access investment-grade financing markets and demonstrates a repeatable model for funding construction-stage development. We believe this structure, which eliminates refinancing risk and protects shareholder value, can support a durable competitive advantage as we continue to scale.”

Sean Glennan, CFO of Hut 8, said: “The hallmark of this financing model is repeatability. What enables us to deliver superior outcomes over time, however, is rigor of execution. Each term of the Offering was structured from first principles rather than inherited from the prior offering. Beacon Point improves on River Bend across key financing metrics, including rating and spread. We intend to bring that same discipline to future transactions.”

J.P. Morgan acted as lead bookrunner for the Offering. Goldman Sachs & Co. LLC acted as a bookrunner for the Offering.

About Hut 8

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.

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 statements relating to the anticipated use of proceeds from the Offering, the development and construction of the Beacon Point project, the expected benefits and repeatability of the Company’s financing model, the Company’s pursuit of a corporate investment-grade profile, the Company’s development pipeline, and the Company’s future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, 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,” “is designed to,” “likely,” or similar expressions.

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, risks relating to the construction of new data centers, including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers, including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; risks impacting our ability to expand the power capacity at the River Bend campus, such as limitations of transmission and/or generation resources; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at sec.gov and SEDAR+ profile at sedarplus.ca. Information in this press release is as of the dates and time periods indicated herein, and neither the Company nor the Issuer undertake to update any of the information contained in these materials, except as required by law.

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SOURCE Hut 8 Corp.

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