N Rotteveel/iStock Editorial via Getty Images Bit Digital (NASDAQ:BTBT) was trading 7.01% lower Friday pre-market after the digital assets platform said it produced 61.7 bitcoins in June, down 2.5% from the prior month. Active hash rate stood at ~2.57 EH/s as of June 30. The Treasury holdings of bitcoin andContinue Reading
luismmolina/iStock via Getty Images Kosmos Energy (NYSE:KOS) +1.9% in early trading Wednesday after announcing the start-up of oil production from two development wells at the Winterfell field in the U.S. Gulf of Mexico. A third well at Winterfell is currently being drilled and anticipated to come by the end ofContinue Reading
Riot Platforms (NASDAQ:RIOT) shares dipped around 4% on Wednesday after the bitcoin miner reported a decline in bitcoin production for June. The company produced 255 bitcoin (BTC-USD) last month, down 45% Y/Y but up 19% from May 2024. Average bitcoin produced per day were 8.5 vs. 15.3 in June 2023.Continue Reading
Average production for the first half of the year was 446 mboepd. Production in the second half of the year is expected to be impacted by planned maintenance activities. Full-year production guidance: Aker BP narrows its full-year average production forecast to 420-440 mboepd, revised from 410-440 mboepd. Aker BP willContinue Reading
Spencer Platt/Getty Images News Electric car-maker Rivian Automotive (NASDAQ:RIVN) denied rumors and said it had no plans to expand its partnership with Volkswagen (OTCPK:VWAGY) for vehicle production, Reuters reported. A German newspaper, Handelsblatt, earlier reported that the businesses were considering joint production of Rivian’s (RIVN) more affordable and smaller R2Continue Reading
Toltek/iStock via Getty Images U.S. wheat futures bounced off nearly two-month lows on Monday following forecasts for reduced Russian production in the 2024-25 marketing year. Prolonged hot and dry weather in Russia is reducing the expected output from the world’s leading wheat exporter, in a turnaround in focus from Friday’sContinue Reading
BeyondImages/iStock via Getty Images Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) -2.2% in London trading Monday after saying it has suspended production at its Grosvenor steelmaking coal mine in Queensland, Australia, following an underground coal gas ignition incident that caused a fire this weekend. Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) said it expects production at itsContinue Reading
zlikovec/iStock via Getty Images Cal-Maine Foods (NASDAQ:CALM) Friday announces the acquisition of substantially all the assets of ISE America, Inc. and certain affiliates for approximately $110 million. Cal-Maine Foods is financing the transaction with cash on hand, which comprises ISE assets such as commercial shell egg production, processing facilities, feedContinue Reading
manassanant pamai Industrial production in Japan grew by 2.8% month-over-month in May 2024, beating market forecasts of 2.0% while shifting from a 0.9% fall in the prior month, flash data showed. Yearly, industrial output rose by 0.3% in May, pointing to the first expansion in seven months. In a separateContinue Reading
dima_zel/iStock via Getty Images Amazon (NASDAQ:AMZN) said on Thursday that the production launch of its Project Kuiper satellites would be delayed and start in the fourth-quarter, with beta testing occurring next year. Shares rose 2.1% on Thursday, hitting a new 52-week high, one day after surpassing $2T in market cap.Continue Reading
