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Sygnum launches Connect 24/7 Multi-Asset Instant Settlement Network

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First network to offer 24/7 free instant settlement for fiat, digital assets and stablecoinsLaunches with existing institutional network, including regulated digital asset exchange AsiaNext, prime broker Hidden Road, liquidity provider B2C2 and connectivity to 200+ of Sygnum’s high-volume trading clientsFocused on enhancing capital efficiency and on-demand liquidity for professional and institutional market participants in Sygnum’s European and Asian home marketsFireblock’s 1,800 institutional clients will also be able to access Sygnum Connect fiat settlements through the Fireblocks platform[i]Eliminates counterparty and settlement risks between members and is fully compliant with stringent Swiss regulatory, legal and security standards

ZURICH, July 11, 2024 /PRNewswire/ — Sygnum, a global digital asset banking group, announces the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. The network settles fiat, digital assets and stablecoin transactions for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges. Sygnum Connect fills the current industry gap for a complete solution that delivers the capital efficiency, on-demand liquidity and institutional-grade standards the digital asset ecosystem needs for future growth.

Sygnum Connect instant settlement network:

•  Fiat, digital asset and stablecoin settlements in one institutional-grade platform

•  Instant 24/7 settlements, free between network members

•  Eliminates counterparty and settlement risk between network members

•  Fully compliant with stringent Swiss regulatory, legal and security standards

•  Conveniently accessed through the Sygnum banking platform, APIs and the Fireblocks platform

•  Add-on services include Lombard Loans, FX conversions and stablecoin minting and redemption

 

Sygnum Connect launches with a strong existing partner network, including regulated institution-only digital asset exchange AsiaNext, prime broker Hidden Road and leading liquidity provider B2C2, in addition to connectivity to more than 200 of Sygnum’s institutional high-volume trading clients.

Network members have access to instant USD, EUR, CHF and SGD fiat settlements, with settlements for a wide range of digital assets like Bitcoin, Ethereum and stablecoins being added in Q3 2024. The network’s scope is further expanded by a range of Sygnum Connect add-on services, including simultaneous delivery-vs-payment transactions, on-demand Lombard loans, FX conversions, and stablecoin minting and redemption.

Traditional settlement processes often involve capital inefficiency and add unnecessary complexity and delays, during which time assets are unavailable for investment or trade. Before the launch of Sygnum Connect, there was no instant multi-asset settlement network providing the capital efficiency, on-demand liquidity and institutional-grade standards that professional and institutional market participants increasingly require.

This launch coincides with a potential institutional adoption inflection point, driven by factors like Bitcoin spot ETFs, rising stablecoin flows and Tier 1 asset managers moving more of their assets on-chain.

Fireblocks, a digital asset infrastructure provider with over 1,800 institutional clients, will fully integrate the Sygnum Connect network into their platform in Q3 2024. This will enable network members, who are also direct Fireblocks users, to access fiat settlements through the Fireblocks Network, an enterprise-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflow. This will significantly expand and simplify network access and avoid the added complexity of settling different types of assets through different platforms.

Kok Kee Chong, Chief Executive Officer at AsiaNext, says, “The ability to instantly settle fiat, digital payment tokens, stablecoins and tokenised money market funds (used as collateral) 24/7, is a game-changer for institutional liquidity and capital efficiency. AsiaNext is excited to leverage Sygnum Connect for our trading members, and we look forward to collaborating closely moving forward.”

Michael Higgins, Global Head of Business Development at Hidden Road, says “Digital asset market structure is undergoing an important transformation as it matures to meet the needs of institutional investors. Sygnum Connect’s 24/7 network across fiat and digital assets will bring added speed, efficiency and liquidity to market – priorities that Hidden Road and Sygnum share – and has the potential to improve settlement for institutions.”

Thomas Restout, B2C2 Group Chief Executive Officer, says “We are excited to join the Sygnum Connect Network, strengthening B2C2’s 24/7/365 instant settlement capabilities. This partnership with a major global digital asset banking group provides an additional channel for instant, multi-asset settlement. It represents another step forward in providing our clients with the industry-leading flexibility and speed necessary for navigating the dynamic digital asset market.”

Ran Goldi, Senior Vice President, Payments and Network at Fireblocks, says, “Payments have historically been bound by traditional 9-to-5 banking systems, as well as manual settlements and payouts, which have hampered the ability of businesses to move in and out of positions, as well as transfer funds, quickly. By integrating Sygnum Connect, Fireblocks Network users will be able to transfer fiat currencies between each other in real-time, 24/7, eliminating the need to wait for settlements to clear with counterparties and providing greater capital efficiency for network participants.”

Thomas Eichenberger, Chief Product Officer at Sygnum Bank, adds, “Sygnum Connect solves an important piece of the settlement puzzle by making transactions between participants in the global crypto ecosystem faster, cheaper, less risky and more reliable. Sygnum Connect is making a significant contribution to traditional financial system connectivity by empowering professional and institutional market participants to invest and transact in the digital asset economy with complete trust.”

Editor’s note:

Institutional client base at launch

Sygnum is a global digital asset banking group with a client-base approaching 2,000 professional and institutional investors, DLT firms, 20+ banks and other financial institutions across its regulated operations in Switzerland, Singapore, Abu Dhabi and Luxembourg.

Out of Sygnum’s total client base, over 200 institutional clients, including proprietary trading firms, brokers, fund and asset managers, liquidity providers as well as stablecoin issuers who regularly settle high volumes of transactions have immediate connectivity to the Sygnum Connect network.

Sygnum Connect network membership

Only institutional digital asset service providers who are clients of Sygnum Bank in Switzerland are eligible for Sygnum Connect membership. Prospective new members are evaluated and onboarded at Sygnum Bank according to stringent Swiss banking laws and regulations. In line with Sygnum’s founding policy established in 2017, it continues to focus on servicing institutional needs in its core markets of Europe and Asia.

Regulatory compliant network

Sygnum is committed to building, maintaining and growing a secure and regulatory compliant settlement network for the digital asset ecosystem. As the network grows, it will be continually updated to incorporate new features in full alignment with the evolving regulatory environment.

How instant settlements are executed

All asset types used for settlements within the network – cash, crypto and stablecoins – remain in the secure institutional-grade custody of Sygnum Bank at all times. They are not transferred outside of Sygnum’s regulated platform during the instant settlement process.

Sygnum Connect integrates directly with Sygnum’s banking platform and automatically updates the balances of its clients who execute fiat, crypto assets and stablecoins settlements without the need for any on-chain transactions. This enables the efficient use of capital and avoids potential delays and additional costs.

About Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.

In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information and Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. If nothing is indicated to the contrary, all figures are unaudited. Any statements contained in this publication attributed to a third party represent Sygnum’s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes. The information herein refers to products and services of Sygnum and therefore constitutes advertising according to Art. 68 of the Swiss Financial Services Act (“FinSA”). Nonetheless, this document contains only general material and does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. In particular, this publication does not constitute (i) any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets; (ii) an inducement or incitement to participate in any product, offering or investment; (iii) a prospectus or key information document according to Swiss laws and regulations; nor shall it be construed as such. Where applicable, the full offering documentation of the products mentioned in this publication (such as for example the prospectus, offering memorandum, key information document (Basisinformationsblatt) may be obtained free of charge at Sygnum Bank AG, Uetlibergstrasse 134a, 8045 Zurich, Switzerland and/or by contacting us at https://www.sygnum.com/contact/. Some of the products mentioned in this publication might not qualify as units of a collective investment scheme according to the relevant provisions of the Swiss Federal Act on Collective Investment Schemes (“CISA”), as amended, and are not licensed thereunder. Therefore, neither such products nor the issuer is governed by the CISA nor approved by the Swiss Financial Market Supervisory Authority FINMA (“FINMA”). Accordingly, for such products investors do not have the benefit of the specific investor protection provided under the CISA. These materials and this publication are for distribution only under such circumstances as may be permitted by applicable laws. They are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or would subject Sygnum or its partners to any registration, licensing or other legal requirement within such jurisdiction. Unless explicitly stated otherwise, no action has been or will be taken by Sygnum or its partners that would permit a public offering or a distribution of the products or possession or distribution of any offering material in relation to the products in any jurisdiction where action for that purpose is required. No offers, sales, resales or deliveries of any products or distribution of any offering material relating to any products may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations, and which will not impose any obligation on Sygnum. Where applicable, if and to the extent Sygnum has registered its prospectus with a prospectus evaluation body or a regulatory authority, further reference regarding the applicable selling and transfer restrictions is made to such prospectus. These materials may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements include, for example, the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Forward-looking statements speak only as of the date they are made. Without prejudice to any requirements under applicable laws and regulations, Sygnum and each of the participating authorized participants expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in these materials to reflect any change in expectations thereof or any change in events, conditions or circumstances on which any such forward-looking statement is based, whether as a result of new information, future developments or otherwise. These materials are not a complete statement of the markets and developments referred to herein. Where applicable, some figures may refer to past performances or simulated past performances and past performance is not a reliable indicator of future results. Some figures may be forecasts only and forecasts are not a reliable indicator of future performance. Investment decisions should always be taken in a portfolio context and make allowance for your personal situation and consequent risk appetite and risk tolerance. No reliance may be placed for any purpose on the information contained in these materials or its accuracy or completeness. None of the participating authorized offerors, authorized participants, or distributors or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in these materials (or whether any information has been omitted from them) or any other information relating to Sygnum or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of these materials or its contents or otherwise arising in connection therewith. 

[i] Fireblocks users can be onboarded as a Sygnum Bank client to access the Sygnum Connect Network

 

View original content:https://www.prnewswire.com/apac/news-releases/sygnum-launches-connect-247-multi-asset-instant-settlement-network-302194607.html

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SOPHiA GENETICS Announces Closing of $57.5 Million Public Offering of Ordinary Shares With Full Exercise of the Underwriters’ Option to Purchase Additional Shares

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BOSTON and ROLLE, Switzerland, June 19, 2026 /PRNewswire/ — SOPHiA GENETICS (Nasdaq: SOPH), a global leader in Ai-driven precision medicine, announced today the closing of its previously announced underwritten public offering with total gross proceeds of $57.5 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. As a result of strong investor demand, the offering was oversubscribed, and the underwriters fully exercised their option to purchase an additional 1,578,900 ordinary shares at the public offering price, less the underwriting discounts and commissions. The Company sold 12,104,900 ordinary shares at a price to the public of $4.75 per share, which included the 1,578,900 ordinary shares issued upon exercise in full by the underwriters of their option to purchase additional shares. All of the ordinary shares were sold by the Company.

TD Cowen acted as the lead book-running manager for the offering. Guggenheim Securities acted as book-running manager, and BTIG and Craig-Hallum acted as lead managers for the offering.

A registration statement on Form F-3 (File No. 333-289266) relating to the ordinary shares and other securities of the Company has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective on August 15, 2025. The offering was made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement and accompanying prospectus relating to this offering has been filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus are available on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to this offering, may be obtained for free by contacting TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at TDManualrequest@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of SOPHiA GENETICS SA, such as the ordinary shares, in or into Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and these securities will not be listed or admitted to trading on the SIX Swiss Exchange or on any other regulated trading venue (exchange or multilateral trading facility) in Switzerland. Neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, constitutes or will constitute a prospectus pursuant to the FinSA, and neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, may be publicly distributed or otherwise made publicly available in Switzerland.

About SOPHiA GENETICS

SOPHiA GENETICS (Nasdaq: SOPH) is an Ai-native healthcare technology company on a mission to transform patient care by expanding access to data-driven medicine globally. It is the creator of SOPHiA DDM™, an Ai platform that analyzes complex genomic and multimodal data to generate real-time, real-world insights for a broad global network of hospital, laboratory, and biopharma institutions.

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The New Safe Haven Isn’t Gold, It’s Electricity

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FN Media Group Presents Oilprice.com Market Commentary

NEW YORK, June 19, 2026 /PRNewswire/ — The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades.  Companies mentioned in today’s commentary includes:  Bitzero Holdings Inc.  (NASDAQ: AIBZ) (CSE: AIBZ-U), Advanced Micro Devices, Inc. (NASDAQ: AMD), Palantir Technologies Inc. (NASDAQ: PLTR), Quanta Services, Inc. (NYSE: PWR), SpaceX (NASDAQ: SPCX).

Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geopolitical backdrop stretching from war in the Middle East to Venezuela and the ongoing Ukraine War, and it’s no surprise that traditional safe havens are looking increasingly crowded—and increasingly fragile. But here’s the twist: even as precious metals soar, the smartest money in the room is already looking past them.

Gold doesn’t generate cash flow. Silver doesn’t power economies. And when trades get crowded, volatility cuts both ways. The dollar debasement trade and overbought precious metals have pushed some institutional investors into something with steady, growing cash flows: generating power for the Data Centre boom. This is something that Canadian billionaire investor Kevin O’Leary understands like no other.

Finding Hottest Real-Estate in Tech

Securing land and dirt-cheap power contracts is the number one pre-requisite for data centre developers, hyperscalers and crypto miners. In a recent interview, O’Leary highlighted how BitZero (NASDAQ: AIBZ) (CSE: AIBZ-U), a company in which he is a strategic backer, created a unique strategic advantage by being able to lease power for compute business such as data centres or crypto miners.  At a time that Big Tech is scrambling for capacity, the real winners control Gigawatts of power capacity and real estate in strategic locations. Smart money didn’t even need a wake-up call.

“The need for new capacity is very urgent—it needs to be procured now,” says Tania Tsoneva, Head of Infrastructure Research at CBRE Investment Management, one of the world’s largest real-estate investment firms. By partnering with operators that have already locked in land, permits, and power supply, hyperscalers can fast-track new compute deployments, effectively bypassing years of development work and moving straight to installing their hardware.

BitZero succeeded in those two hardest challenges and has secured sites with long-term, low-cost electricity at the outset of the AI-boom. This is exactly what sets BitZero apart from its competitors. Because the company owns its land, power infrastructure, and hardware, its cost base is largely fixed. That structure protects margins and allows expansion without renegotiating leases or power-purchase agreements.

Leveraging True Energy Sovereignty

Founded in 2021, Bitzero has quietly assembled one of the most scalable clean-energy portfolios in the digital infrastructure sector, with more than 1 gigawatt of growth capacity across four strategic sites in Norway, Finland, and North Dakota. Its flagship hydro-powered facility in Namsskogan, Norway, already delivers 40 MW of self-mining capacity at power costs below $0.05 per kWh, among the lowest globally.

According to CEO Mohammed Bakhashwain, each million dollars of capital deployed into Bitzero’s grid and mining equipment generates roughly $700,000 in annual net profit. That efficiency comes from vertical integration: the company owns its high-voltage connections and operates as a licensed grid operator at the 132 kV level, eliminating middle-layer grid fees that most competitors still pay. With expansion capacity exceeding 320 MW in Norway, a one-gigawatt campus in Finland, and up to 300 MW staged in North Dakota, Bitzero has achieved something rare in this market: true energy sovereignty. And it’s this energy sovereignty that institutional investors value so much. We’re living in an age where new generation capacity is bottlenecked and new connections to the grid are almost impossible.

Bitzero’s energy sovereignty gives it a rare two-fold advantage in today’s compute economy: it can either lease scarce, low-cost power directly to hyperscalers and data-center operators, or deploy that same power internally to mine Bitcoin at industry-leading margins and potentially run its own GPU clusters. Bitcoin‘s economics now heavily favor miners who control their energy destiny—at current hash difficulty, every fraction shaved off power costs drops straight to the bottom line. Bitzero’s all-in energy cost of about 4.3 cents per kWh—less than half that of major U.S. peers like Riot Platforms and Marathon Digital—puts its cost per Bitcoin near $50,000 today and below $40,000 once new hardware is fully deployed.

That efficiency, combined with ultra-lean operations where five staff run a 40 MW facility using fully automated monitoring and fault-response systems, creates powerful optionality. When Bitcoin economics are attractive, Bitzero mines; when hyperscalers need capacity fast, it can redirect power to AI-ready data centers. This flexibility is already visible in its purpose-built 200 MW Norwegian site on a former UN airbase, designed exclusively for AI compute and expandable to 500 MW on offshore-wind-backed grid capacity—turning energy control into a switchable revenue engine across both Bitcoin and AI. 

The real inflection point for BitZero (NASDAQ: AIBZ, CSE: AIBZ-U) in 2026 may now be its newly announced 110 MW Norway project, which has the potential to transform the company from a profitable Bitcoin miner into a major AI infrastructure and hyperscaler landlord almost overnight.

Under the binding letter of interest, the site would generate roughly $176 million in annual recurring revenue through long-term contracted compute capacity, with the customer covering energy costs separately and pricing escalating by 3% annually. That structure dramatically improves margin visibility and reduces exposure to power-price volatility, potentially allowing the project to generate well over $135 million in annual net income once operational. Just as importantly, the project highlights why BitZero’s Norwegian assets are so strategically valuable in today’s market: while many competing AI data-center developments face 3–5 year build timelines due to grid bottlenecks and permitting delays, BitZero believes this facility could be delivered as early as Q3 next year thanks to already-secured power access, existing infrastructure, and partnerships with established EPC contractors and cooling-system providers. In a market where hyperscalers are desperately searching for immediately deployable capacity, that speed-to-market advantage could prove enormously valuable.

Skyrocketing valuations in the AI-space

The handful of technology companies that have successfully built a proprietary energy moat similar to BitZero’s now command multi-billion-dollar valuations. Yet despite rising institutional interest in BitZero’s power-first model and asset base, the company remains meaningfully undervalued relative to peers.

Investors in names like TeraWulf (WULF) and BitMine Immersion (BMNR) have seen one-year gains of more than +554% and +269%, respectively. Smart money has learnt that the real advantage in compute and crypto mining is cheap, scalable electricity, and this reality is repeating cycle after cycle. The dynamic in 2026 is no different. 

Other companies to keep an eye on:

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q1 2026 data center revenue of $5.8 billion, up 57% year over year — an all-time record — with total Q1 revenue of $10.25 billion, up 38%, beating Wall Street consensus by roughly $350 million. Free cash flow more than tripled to $2.57 billion. CEO Lisa Su called the quarter “a clear inflection in our growth trajectory,” and guided Q2 revenue to $11.2 billion, with server CPU revenue alone expected to grow more than 70% year over year. The stock surged roughly 14% in after-hours trading following the release.

AMD’s data center story runs on two rails that NVIDIA’s does not. First, EPYC server CPUs, which now hold significant market share in hyperscaler deployments across AWS, Google Cloud, and Microsoft Azure, deliver four consecutive quarters of record server CPU revenue. Second, Instinct GPUs are gaining traction as an alternative to NVIDIA in AI training and inference — and the demand signal is large. Meta signed a multi-year agreement to deploy up to 6 GW of AMD Instinct GPUs, with the first 1 GW built around a custom version of the MI450 accelerator and Meta named as a lead customer for AMD’s upcoming sixth-generation EPYC processors.

Palantir Technologies Inc. (NASDAQ: PLTR) sits in a different part of the AI data center stack than most names on this list — it’s the software layer that makes the data inside those data centers actionable for governments and large enterprises. Q1 2026 revenue grew 85% year over year to $1.633 billion, the company’s fastest growth rate since going public in 2020. U.S. revenue grew 104% to $1.28 billion, with U.S. government revenue up 84% to $687 million and U.S. commercial revenue up 133% to $595 million. The company reported a GAAP operating margin of 46%, an adjusted operating margin of 60%, and a Rule of 40 score of 145 — a metric where 40 is considered strong.

The government side of the business is increasingly anchored by AI-enabled defense and intelligence programs. Palantir’s Maven AI system — which analyzes battlefield data and supports targeting and command decisions in real time — is moving closer to becoming a formal U.S. Department of Defense program of record. The Pentagon expanding long-term use of Maven means the revenue base here is contracted and durable, not project-by-project. A $10 billion U.S. Army contract and a $300 million USDA deal in the quarter are concrete data points for what that looks like at scale.

Quanta Services, Inc. (NYSE: PWR) builds and maintains the electrical infrastructure that connects data centers to the grid — transmission lines, substations, high-voltage distribution systems, and the last-mile electrical work that no data center can operate without. It’s not a flashy AI story, but it’s a foundational one: none of the $200 billion Amazon is spending on data centers in 2026 translates into operational compute capacity without the grid connections Quanta builds. CEO Duke Austin has pegged the company’s addressable opportunity at $2.4 trillion through 2030, driven by data center electrification, grid hardening, and renewable interconnection combined.

The constraint driving Quanta’s order book is simple physics: large transformers for high-voltage substation connections have lead times of two years or more, and the skilled labor to install them is in short supply nationally. Quanta has both the relationships with utilities and hyperscalers, and the crew deployment capacity, to capitalize on that constraint. Its backlog has been expanding steadily as hyperscaler capex converts from announced projects into actual construction contracts.

SpaceX (NASDAQ: SPCX) completed the largest IPO in history on June 12, pricing at $135 a share for a $1.77 trillion valuation and topping $2 trillion in market cap on its first trading day. The listing raised roughly $75 billion and made Elon Musk the world’s first trillionaire on paper. But the AI data center story here isn’t really about rockets. It’s about what SpaceX became after merging with xAI in February: a company that now describes itself in its own IPO filing as the operator of “the largest AI training data center clusters on Earth.”

Those clusters are Colossus 1 and Colossus 2, the xAI supercomputers built near Memphis, Tennessee, originally to train Grok. In May, SpaceX struck a deal with Anthropic that hands over essentially the entire Colossus 1 facility — more than 300 megawatts of capacity across roughly 220,000 NVIDIA GPUs, including H100, H200, and GB200 accelerators. Anthropic will pay xAI $1.25 billion a month through May 2029, a contract that could bring in more than $40 billion over its life. It’s a striking arrangement: a direct AI competitor renting out the infrastructure that was supposed to be Grok’s competitive edge, in order to monetize compute Grok wasn’t fully using.

By. Tom Kool

Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market’s biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free

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View original content:https://www.prnewswire.com/news-releases/the-new-safe-haven-isnt-gold-its-electricity-302805225.html

SOURCE OilPrice.com

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World’s 1st HIV-to-HIV Lung Transplant Performed at NYU Langone Health

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NEW YORK, June 19, 2026 /PRNewswire/ — The world’s first HIV-positive-to-HIV-positive lung transplant was performed at NYU Langone Health. 

The surgery brings new hope for HIV-positive patients in need of lung transplants, as it opens a pool of potential donors who were previously ineligible.

“This is a watershed moment for the HIV-positive community and represents real progress in creating equity in organ transplantation,” said Sapna Mehta, MD, clinical director of NYU Langone Transplant Institute and co-architect of the research protocol, sanctioned by the U.S. Food and Drug Administration, that enabled the complex procedure. “While these transplants are still only allowable under certain research protocols, this marks an expansion of options for people in need of a lifesaving organ.”

Approximately 1.2 million people in the United States are living with HIV. People with HIV can live long, healthy lives due to advances in antiretroviral therapies, or ART. Most people using ART are unable to transmit the virus and have near-normal life expectancies.

A Breath of Fresh Air

Bertrand Nelson, 56, has had HIV for nearly 26 years. In 2000, he was diagnosed with HIV and sarcoidosis, which can affect the lungs and spread to the liver. The disease had not yet spread from his lungs, and soon after diagnosis his doctors told him it was in remission. 

Then, in 2021, he acquired Legionnaires’ disease and was hospitalized for weeks with severe pneumonia. The disease reactivated his sarcoidosis, which attacked his liver. His condition worsened in 2024—he required an increasing amount of oxygen to breathe—and his doctor referred him to NYU Langone Transplant Institute to be evaluated for both lung and liver transplants. A research protocol for lung transplantation under the 2013 HIV Organ Policy Equity Act, or HOPE Act, had begun, and he was evaluated for HOPE dual-organ transplant in 2025.

“Transplantation of HOPE hearts and abdominal organs has been done before, but this has not been done in lung transplantation. It takes a special kind of patient to be willing to do something that hasn’t been done before,” said Mark A. Sonnick, MD, transplant pulmonologist at NYU Langone Transplant Institute and co-author of the research protocol with Dr. Mehta.

NYU Langone Transplant Institute is one of the only transplant centers in the United States equipped and approved under a research protocol to perform HOPE lung transplants. Nelson received the first in the world on March 21, 2026, by Stephanie H. Chang, MD, surgical director of lung transplantation at NYU Langone. He received a new liver that same day, performed by Karim J. Halazun, MD, surgical director of liver transplantation at NYU Langone. 

Nelson is now off oxygen for the first time in four years and getting back in shape after years of limited mobility. 

He credits his mother, who will be 82 in August, for always supporting him and helping him throughout his journey.

“I want to be well for her,” he said. “I want her to see me thriving.” 

He hopes his story of perseverance might inspire others and help raise awareness of people in the HIV community in need.

“There are so many others who need access to this level of care, and the more organs that become available, the better the odds of finding the right match and living a long life,” he said.

About NYU Langone Health

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality that has resulted in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone No. 1 out of 118 comprehensive academic medical centers across the nation four years in a row, and U.S. News & World Report recently ranked four of its clinical specialties No. 1 in the nation. NYU Langone offers a comprehensive range of medical services with one high standard of care across seven inpatient locations, its Perlmutter Cancer Center, and more than 330 outpatient locations in the New York area and Florida. The system also includes two tuition-free medical schools, in Manhattan and on Long Island, and a vast research enterprise.

Media Inquiries
Colin DeVries
Phone: 212-404-3588
Colin.DeVries@NYULangone.org

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SOURCE NYU Langone Health

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