The Bitstamp acquisition is a strategic move by Robinhood to expand its crypto business, the report said.Bernstein said that by acquiring an exchange the trading platform can offer markets in many more tokens.JMP said it doesn't expect material accretion from the deal.Robinhood’s (HOOD) acquisition of Bitstamp is a strategic move by the trading platform to expand its crypto business and...

08:56 AM EDT, 06/07/2024 (MT Newswires) -- Applied Digital ( APLD ) said Friday it has secured private financing of $200 million from investment firm and alternative asset manager CIM Group to build its high-performance computing campus in Ellendale, North Dakota. The company said the financing completes its near-term capital needs and positions it to secure project-level financing to fund...

Mike Lynch, once lauded as Britain’s answer to Bill Gates, has been acquitted of charges related to the controversial $11 billion deal between his company Autonomy and Hewlett Packard Enterprise Co ( HPE ) in 2011. What Happened: Lynch was acquitted on Thursday of criminal charges of fraudulently inflating revenues at his company Autonomy before selling it to HP, the...

08:57 AM EDT, 06/07/2024 (MT Newswires) -- Celanese (CE) said Friday that it has declared force majeure and sales control for acetic acid and vinyl acetate monomer sold in the Western Hemisphere. The company attributed the declaration to intensifying force majeure conditions and operational failures experienced by multiple suppliers of critical raw materials. It also said that it is assessing...