Market Signal Briefing

ETH, XRP, SOL, BNB, SHIB, and DOGE traders may be approaching a critical market inflection, as data shows the gap between altcoin performance and USDT dominance narrowing to its tightest level in months.

Analyst Altcoin Vector noted that this pattern is historically followed by an “Altseason.” In an X post, the analyst noted that the inverse correlation between altcoins (excluding top 10 market caps) and USDT dominance has nearly reached the compression zone that preceded the major altcoin rally in late 2024.

“Historically, Altseason begins when the inverse correlation between Alts and USDT dominance hits its tightest range, right before liquidity rotates,” he explained, adding that the current setup “is forming again.”

The analyst also outlined key signals to watch before confirmation: a decline in USDT.D, which signals risk appetite, and a rebound in the Alts/BTC ratio, marking the start of liquidity rotation. “Until then,” he wrote, “Alts stay in a tight dance with liquidity, consolidating under Bitcoin’s dominance, waiting for ignition.”

The analyst further compared the present structure to the October–December 2024 cycle, when Bitcoin dominance peaked before capital rotated into Ethereum and large-cap altcoins, triggering a broad rally across sectors. That cycle, he said, typically unfolds in four stages, from Bitcoin-led impulses and altcoin capitulation to broad alt rallies and late-stage profit-taking.

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Meanwhile, market sentiment around individual altcoins is turning increasingly optimistic. Crypto trader Daan Crypto highlighted Dogecoin’s gradual uptrend since June, noting the memecoin’s price is “getting pretty compressed.” He expects an explosive rally if DOGE continues to hold above its daily 200-day moving averages.

Some analysts are also looking to Ethereum. Ash Crypto stated Ether is undergoing a typical bull market correction, not a reversal, citing heavy institutional accumulation.

“BlackRock’s ETHA has purchased $1.4 billion worth of ETH,” he noted, estimating the token’s support at $4,240 and resistance at $5,000. A breakout above that level could drive prices toward $6,000 shortly.

Ripple has acquired GTreasury for $1 billion worth of XRP, according to an official statement released on Thursday.

Ripple's latest move in Africa signals a bold stride for digital finance, teaming with Absa Bank to deliver institutional asset custody in South Africa and expand its blockchain infrastructure footprint across rapidly growing global markets.

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Solana kombiniert innovative Technologie mit hoher Transaktionsleistung und positioniert sich als starker Ethereum-Konkurrent.
Die Preisentwicklung zeigt starke Anstiege, scharfe Rücksetzer und eine Phase der Konsolidierung in den letzten Jahren.
Zukunftsprognosen bleiben vage, doch Upgrades und Netzwerkwachstum könnten SOL neue Impulse verleihen.

Solana (SOL) zählt heute zu den meistdiskutierten Kryptowährungen – und das nicht ohne Grund. Mit rasanten Transaktionszeiten, niedrigen Kosten und einem ambitionierten Technologieansatz hat sich SOL als eine der führenden Plattformen für DeFi, NFTs und Web3-Anwendungen etabliert. Doch wie steht es um den Kurs aktuell? Wie entwickelte sich SOL historisch und welche Szenarien sind für die Zukunft realistisch? In diesem Artikel werfen wir einen fundierten Blick auf Nutzen, Geschichte und mögliche Perspektiven – stets bewusst, dass Prognosen mit Vorsicht zu genießen sind.

Grundlagen und Nutzen von Solana
Solana ist ein öffentliches, dezentralisiertes Blockchain-Projekt, das auf einem hybriden Ansatz aus Proof of Stake und Proof of History basiert, um hohe Transaktionsgeschwindigkeiten zu erreichen. Das Kernprinzip besteht darin, einen unveränderlichen Zeitstempel in die Blockkette einzubetten, sodass Validatoren ihre Arbeit mit minimalem Kommunikationsaufwand durchführen können.Dieser technische Aufbau erlaubt SOLS Durchsatzraten im Bereich von zehntausenden Transaktionen pro Sekunde bei niedrigen Gebühren, was das Netzwerk besonders attraktiv für Anwendungen aus DeFi, NFTs, On-Chain-Daten und Real-World Assets macht. Die Entwickler planen nennenswerte Upgrades wie den zweiten unabhängigen Konsensus-Client Firedancer und eine breitere Einführung der State Compression für effizientere Datenspeicherung.

Solana – viele Vorteile und eine Highspeed Chain
SOL gilt als eine der schnellsten Blockchains der Welt. Das Netzwerk kann theoretisch über 65.000 Transaktionen pro Sekunde verarbeiten, ohne dass die Gebühren stark steigen. Diese außergewöhnliche Skalierbarkeit entsteht durch den Einsatz der Proof-of-History-Technologie, die Transaktionen zeitlich effizient sortiert und Validierungen beschleunigt. Dadurch sinkt der Kommunikationsaufwand zwischen Validatoren erheblich, was Solana von klassischen Proof-of-Stake-Blockchains unterscheidet.

Für Entwickler bietet diese Performance einen klaren Vorteil. Dezentrale Anwendungen wie DeFi-Protokolle, NFT-Marktplätze oder Gaming-Projekte können auf SOL stabil und nahezu in Echtzeit ausgeführt werden. Die Kombination aus hoher Geschwindigkeit, geringen Kosten und stetiger technischer Weiterentwicklung macht SOL zu einer attraktiven Basis für skalierbare Web3-Anwendungen. Immer mehr Projekte entscheiden sich daher bewusst für Solana, um Nutzern ein reibungsloses, performantes Erlebnis zu bieten.

Historische Preisentwicklung von Solana
Solana startete mit sehr niedriger Bewertung und erlebte in den Jahren 2021 und 2022 extreme Schwankungen. So wurde 2022 ein starker Rückgang um über 90 Prozent verzeichnet. Trotz solcher Einbrüche ist der langfristige Trend stark positiv: Die Gesamtrendite seit den frühen Tagen liegt bei über 27.000 Prozent.

In den letzten drei Jahren pendelte SOL mit großen Ausschlägen. Im Jahr 2021 stiegen die Kurse immens, in 2022 folgte der deutliche Rücksetzer. Aktuell, im Oktober 2025, bewegt sich der Kurs in einer Konsolidierungszone zwischen etwa 145 und 250 US-Dollar, wobei seit Juni höhere Tiefs beobachtet werden. Diese Entwicklung deutet auf eine langsam wachsende Zuversicht im Markt hin. Im September 2025 erreichte SOL mehrfach lokale Hochs um 250 US-Dollar, bevor eine Korrektur einsetzte.

Hier kommst du zu einer weiteren Prognose für Solana (SOL).

Vorsichtige Prognose und Perspektiven für SOL
Viele Analysten sehen Potenzial für weiter steigende Kurse. Widerstände werden im Bereich zwischen 240 und 310 US-Dollar erwartet, in optimistischen Szenarien sogar darüber hinaus. Auf der anderen Seite warnen Beobachter vor möglichen Rücksetzern, falls sich der Gesamtmarkt abkühlen oder technische Schwierigkeiten auftreten sollten. Ein Rückgang auf 140 bis 150 US-Dollar wäre in einem schwachen Umfeld durchaus denkbar.

$SOL – Mid-term outlook🎯

I forecast $SOL to complete it's correction in the red target-zone starting at 156$. Afterwards, we should see a strong rally breaking the last ATH towards +360$.

Technical indicators match this scenario✅#Solana #Crypto #AltcoinSeason pic.twitter.com/Rv96GP3CPQ

— Florian Schadowski (@Florian_0707) October 14, 2025

Realistisch ist ein Szenario, in dem SOL in den kommenden Jahren zwischen 200 und 300 US-Dollar pendelt – abhängig von Marktstimmung, technischer Entwicklung und regulatorischen Rahmenbedingungen. Wichtig ist: Prognosen für die Zukunft sind immer mit Vorsicht zu genießen, da viele Faktoren unvorhersehbar sind. Sollte Firedancer erfolgreich starten und das Ökosystem wachsen, könnte Solana neue Impulse erhalten. Umgekehrt könnten Marktkrisen, starker Wettbewerb oder Regulierungsdruck zu Rücksetzern führen.

Bitcoin Hyper: Wenn Solana glänzt, profitiert auch Bitcoin Hyper
Solana hat in den letzten Monaten gezeigt, was möglich ist, wenn eine Blockchain schnell, günstig und skalierbar ist. Diese starke Performance bleibt in der Krypto-Welt nicht unbemerkt – und genau davon kann auch Bitcoin Hyper profitieren. Denn Bitcoin Hyper nutzt die Solana Virtual Machine, um dieselbe Geschwindigkeit und Effizienz direkt in die Bitcoin-Welt zu bringen. Wenn Solana also weiter wächst, verbessert sich auch das gesamte technische Fundament, auf dem Bitcoin Hyper aufbaut. So entsteht eine dynamische Verbindung: Je stärker Solana wird, desto leistungsfähiger und attraktiver wird auch Bitcoin Hyper.

Lies hier eine langfristige Prognose für Bitcoin Hyper!

Bitcoin Hyper Presale
$HYPER: Das Bindeglied zwischen zwei Erfolgsstorys
$HYPER ist mehr als nur ein Token – er verbindet zwei der stärksten Namen im Kryptomarkt: Bitcoin und Solana. Während Bitcoin Stabilität und Vertrauen bietet, sorgt Solana für die technologische Power. $HYPER steht genau an dieser Schnittstelle und macht schnelle Transaktionen, Staking und smarte Anwendungen möglich. Wenn Solana weiter an Stärke gewinnt und Bitcoin seine Rolle als digitales Rückgrat behält, könnte $HYPER einer der großen Profiteure dieser Entwicklung werden – mit echter Utility und langfristigem Potenzial.

Jetzt rechtzeitig einsteigen und $HYPER im Presale kaufen.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

TLDR

Tether has nominated two candidates to join the board of the Italian football club Juventus.
The nominees include Tether’s deputy CIO Zachary Lyons and orthodontist Francesco Garino.
Tether currently holds a 10.7% stake in Juventus, following investments made in February and April.
The company stated that it aims to enhance corporate governance and minority representation within the club.
Juventus will vote on the board nominations during a shareholder meeting scheduled for November 7.
The nominations follow the resignation of the entire Juventus board in 2022, after allegations of financial fraud.

Tether has nominated two candidates to the Juventus board as it seeks a stronger influence in the club’s management. The company proposed deputy CIO Zachary Lyons and Francesco Garino, an orthodontist and lifelong Juventus supporter. The nominations come ahead of a key shareholder meeting scheduled for November 7.

Tether Seeks Deeper Role in Juventus Governance
Tether aims to gain a stronger footing in Juventus after acquiring a 10.7% stake earlier this year. The company made two investments in the club, in February and again in April, signaling its long-term plans. Now, it moves to influence decisions by proposing names for the board.

The stablecoin firm nominated Zachary Lyons, its deputy chief investment officer, as a representative on the board. In addition, Tether proposed Francesco Garino, an orthodontist and noted supporter of the club. Both nominations reflect Tether’s desire for diverse representation in Juventus governance.

Tether stated, “We have made suggestions to be voted in the assembly in order to adopt best-in-class corporate governance.” It further emphasized the need for “representation of minorities” in the club’s future structure. The proposals come amid broader reforms following past controversies at Juventus.

Juventus Faces Pressure After Scandals
The nominations follow a turbulent period for Juventus, which has faced scrutiny over financial misconduct. In November 2022, the entire board resigned after investigations into false accounting involving player wages. This prompted legal action and reputational damage for the club.

By September 2025, former chairman Andrea Agnelli and two other executives agreed to suspended sentences through plea deals. Tether appears intent on promoting transparency in response to the club’s governance history. The company used the opportunity to highlight its commitment to higher standards.

Tether CEO Paolo Ardoino also called to “Make Juventus Great Again,” referencing a popular political slogan. He made the statement during the announcement of the board proposals. Ardoino previously visited the White House in July for the GENIUS stablecoin bill ceremony.

Tether Expands Its Investment Portfolio
Tether continues expanding its presence in sectors beyond digital assets, including media and infrastructure. It recently invested $775 million in the video-sharing platform Rumble, expanding its tech footprint. The firm now targets strategic acquisitions with aligned partners.

In August, Tether and Rumble offered to acquire all shares of AI firm Northern Data, valued at $1.17 billion. The move reflects Tether’s focus on high-growth, tech-driven companies. It marks a significant expansion of the stablecoin issuer’s investment strategy.

Meanwhile, Tether also holds around 100,000 Bitcoin, valued at over $11 billion as of September. Additionally, its flagship stablecoin, USDT, had a market cap above $181 billion on Thursday. These developments underline Tether’s financial strength and global influence.

Key takeaways:

Rising demand for put options and miner BTC deposits highlights growing caution among traders despite price resilience near $108,000.

Analysts at Bitwise argue that deep drops in market sentiment often precede rebounds, framing the correction as a “contrarian buying window”.

Bitcoin (BTC) fell to $107,600 on Thursday, prompting traders to question whether Friday’s flash crash signaled the end of the bull run that peaked at an all-time high on Oct. 6. A warning signal in Bitcoin’s options market has put traders on edge, especially amid rising miner outflows, testing the strength of the $108,000 support level.

Bitcoin 30-day options delta skew at Derbit (put-call). Source: laevitas.chThe Bitcoin options delta skew climbed above 10%, showing that professional traders are paying a premium for put (sell) options, a sign typical of bearish sentiment. Under neutral conditions, this indicator usually ranges between -6% and +6%. More importantly, the skew has worsened since Friday, suggesting that traders are growing more doubtful about Bitcoin’s bullish momentum.

US President Donald Trump’s confirmation that the trade war with China remains ongoing has also weighed on market sentiment. Trump has threatened to further restrict trade with China following its suspension of US soybean purchases, according to Yahoo Finance. Another factor adding pressure is the uncertainty surrounding US economic data amid the ongoing government shutdown.

Bitcoin options volumes put-to-call at Deribit. Source: laevitas.chDemand for downside protection strategies on Deribit surged on Thursday as trading volumes for put options exceeded call options by 50%, a sign of mounting market stress. The indicator climbed to its highest level in over 30 days. Cryptocurrency traders are typically optimistic, so a neutral reading for the put-to-call ratio tends to sit around -20%, favoring call options.

Bitcoin derivatives merely reflect the worsening US macroeconomicsBitcoin wasn’t the only market affected by investors’ shift in sentiment, as seen in gold’s new all-time high on Thursday. Demand for short-term US government bonds also spiked, even as two Federal Reserve Governors signaled further interest rate cuts in October — a move that typically reduces the appeal of fixed-income investments.

US 2-year Treasury yield. Source: TradingViewYields on the US two-year Treasury dropped to their lowest level in more than three years, showing that investors are willing to accept smaller returns in exchange for the security of government-backed assets. Meanwhile, gold climbed to $4,300, up 23% since September, pushing the value of central banks’ gold reserves above their holdings of US Treasurys, according to Reuters.

Despite positive developments in the tech sector, including chipmaker TSMC’s (TSM) upgraded 2025 outlook and strong quarterly results from Bank of America and Morgan Stanley, the S&P 500 fell 0.9% on Thursday. The Dow Jones US Select Regional Banks Index slid 4.4% after two financial firms reported losses in the private-credit market, according to the Financial Times.

Movements from Bitcoin miner-linked addresses have also raised concern. Data from CryptoQuant shows that miners deposited 51,000 BTC (worth over $5.5 billion) on exchanges over the past seven days, the largest outflow since July. The analysis noted that such behavior often precedes price weakness, as miners have historically been among Bitcoin’s largest holders.

While the warning from Bitcoin’s options market points to fear of further correction, Bitwise analysts said that extreme drops in sentiment have often “marked favorable entry points,” adding that “the recent correction was driven largely by external factors.” Bitwise head of research André Dragosch added that Friday’s liquidation event has set the stage for a “contrarian buying window.”

Further downside for Bitcoin remains possible, but the surge in demand for put options should not necessarily be seen as a sign of sustained bearish momentum, as external factors have simply made traders more risk-averse.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Ethereum price shows signs of caution following a new bearish signal on the weekly chart. The analyst behind the observation highlights a possible MACD crossover forming, a setup that often indicates short-term downside risk. Meanwhile, attention remains divided as institutional players continue building long-term positions in ETH, contrasting the near-term bearish outlook.

Ethereum Price Faces Familiar Pattern as Weekly MACD Flashes Warning Signal Again
Ethereum price trades below the $4,200 zone after repeated rejection near $4,700, signaling waning short-term strength. 

According to the analyst, the weekly MACD is on the verge of a bearish crossover—a pattern that previously led to two major corrections of 43% and 61%. The signal line is now tilting above the MACD line, hinting that bearish momentum could intensify if confirmed. 

However, the broader structure remains resilient, as ETH has sustained higher lows since early 2025, with solid support near $3,700.  The 50-week moving average continues to act as a strong structural base, reflecting controlled downside pressure. 

Therefore, while short-term pressure may persist, the long-term Ethereum price prediction still favors recovery, especially if institutional accumulation continues supporting demand.

ETH/UDT 1-Week Chart (Source: X)
BitMine Buys $417M in ETH Amid Bearish Technical Setup
BitMine Immersion’s recent $417 million ETH purchase during the dip underscores growing confidence in Ethereum’s fundamentals despite bearish signals. 

The publicly traded company has consistently expanded its holdings through 2025, demonstrating conviction in Ethereum’s long-term potential. Such accumulation typically reduces exchange reserves, which can buffer the market during sell-offs. 

Analysts view the move as strategic timing, allowing BitMine to accumulate before potential upside recovery. This corporate appetite also reflects the strengthening belief in Ethereum’s staking yield and scalability outlook. 

Moreover, institutional buying on weakness often influences market psychology, drawing parallel interest from other entities. Hence, while technical charts flash caution, BitMine’s aggressive positioning reinforces an optimistic narrative for ETH’s long-term resilience.

Summary
Ethereum’s short-term risks stem from the looming bearish MACD crossover. Yet, large institutional purchases, such as BitMine’s $417 million investment, provide fundamental balance. If support near $3,700 holds, Ethereum could regain footing swiftly. Ultimately, temporary weakness may strengthen long-term conviction.

Metaplanet (TSE Standard: 3350), a company known for aligning its corporate strategy with Bitcoin holdings, briefly saw its market-adjusted net asset value (mNAV) dip below 1.0 on October 14, 2025. The mNAV, which measures a firm's market capitalization plus total liabilities against the net value of its Bitcoin assets, fell to 0.99.

XRP is still looking to confirm a strong bounce in price action after a crash that saw it register a huge bearish wick over the weekend, and many analysts are anticipating its next major move. According to technical analysis by crypto analyst HovWaves, XRP’s recent crash and bounce could be the early stage of a broader rally that positions its price for a run to as high as $8.

XRP Finds Support And Rebounds Over 50%
Technical analysis of XRP’s price action on the weekly timeframe, which was posted on the social media platform X by HovWaves, noted that the cryptocurrency got the move down into our support level for the expanded flat he was following.

This is in reference to earlier outlooks by the analyst, where he predicted that the XRP price would revisit a strong support zone to complete a corrective Elliot cycle Wave 4 formation. This reaction zone, which is between $1.50 and $1.90, is visible in the weekly candlestick timeframe chart below.

Source: Chart from HovWaves on X
Interestingly, the analyst added that the timing of the move surprised him, especially considering this revisit was in one strong move that saw XRP create a strong downside wick. However, XRP’s reaction from this level was impressive, as it immediately went on a nice 50+% bounce off the support. This rebound validated the ongoing Elliott wave count, and the next move is a sub-impulse Wave 5 rally that keeps the bullish momentum in place.

XRP Price Roadmap To $8
The analyst’s prediction is that the initial phase of this new impulse could take XRP to the $5.5 level, which he identified as the “first target on the way to our macro target.” His broader wave projection shows a larger move to $8 for the completion of a higher-degree third impulse wave in a larger impulse wave count that goes as far back as July 2024.

This rally will look like XRP’s breakout patterns from 2017 and early 2021, when higher-degree waves led to massive multi-hundred-percent runs. The chart’s yellow projection line also indicates that a brief corrective pullback could form at just $4.00 before a continuation to $8, implying a wave-driven progression rather than a straight-line surge.

The bullish outlook led to quick responses from within the XRP community. Cryptoinsightuk, another well-followed XRP analyst, replied to HovWaves’ post, saying, “This is extremely similar to what I’ve been discussing with you all for $XRP.” 

XRP’s crash over the weekend undoubtedly took many by surprise, but Cryptoinsightuk’s comment shows a growing confluence among technical analysts who see XRP’s structure still in line with a bullish uptrend on the macro level. 

At the time of writing, XRP is trading at $2.40, down by 4.4% in the past 24 hours, having been rejected at around $2.52. Nonetheless, the 50% recovery from its most recent downside wick could indeed grow into the larger move predicted by HovWaves.

XRP trading at $2.43 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

Journalist

Posted: October 17, 2025

Key Takeaways 
Why is Ethereum attracting whale interest?
Whales accumulated over $417 million worth of ETH despite the market downturn, signaling strong long-term confidence.

How do reserves and sentiment shape Ethereum’s outlook?
Falling Exchange Reserves and improving Weighted Sentiment signal rising accumulation pressure.

Since mid-October, Ethereum [ETH] has shown renewed investor interest after whales accumulated 104,336 ETH worth $417 million from Kraken and BitGo wallets. 

This massive inflow, led by Bitmine, coincided with Tom Lee’s forecast that Ethereum could reach $10,000 by year-end. 

On top of that, the timing of this accumulation signaled that high-net-worth investors remained confident in Ethereum’s long-term potential. 

Consequently, the whale-driven optimism could serve as a key catalyst for a major recovery if technical conditions align favorably.

Can Ethereum break out of its descending channel soon?
Ethereum’s daily chart revealed a well-defined descending channel, with price rebounding from the lower trendline near $3,676 at press time.

The recent upswing toward $4,060 suggested that bullish momentum is gradually returning. 

A sustained move above $4,269 could trigger a breakout toward $4,950, marking the end of the multi-week correction phase. 

However, if rejection occurs at the midline resistance, Ethereum may briefly retest the $3,800 demand zone before resuming upward movement. 

Source: TradingView

Shrinking reserves = mounting accumulation pressure
Ethereum’s Exchange Reserves dropped 4.26% to $62.44 billion at press time. It meant that more tokens were leaving exchanges for cold storage. 

Such movement often reflects growing investor confidence, as traders remove holdings from sell-ready environments. 

This supply contraction could amplify price sensitivity to buying pressure, especially when paired with large-scale whale purchases. 

Additionally, the recent accumulation suggested that institutional investors were positioning for a medium-term rebound rather than short-term speculation. 

Case of improving sentiment among investors
Santiment data showed Ethereum’s Social Dominance climbed to 7.11%, while Weighted Sentiment improved to -0.483 from deeper lows, at the time of writing. The combination indicated a slow but meaningful recovery in market confidence. 

Community engagement had intensified following Bitmine’s massive ETH acquisition, suggesting renewed attention from retail traders. 

However, sentiment remained mixed as macro uncertainty persists, making sustained optimism crucial for further price advancement. 

As discussions about Ethereum’s fundamentals grow, network confidence could strengthen enough to support a sustained breakout above $4,200 in the near term.

Can whale conviction reignite Ethereum’s next rally?
Ethereum’s rising whale accumulation, declining Exchange Reserves, and improving sentiment collectively strengthen the bullish outlook. 

If Ethereum breaks above the $4,269 resistance, it could confirm renewed momentum toward $4,950 in the coming weeks. Overall, Ethereum’s current setup signals that a decisive breakout could mark the beginning of its next major rally phase.

ChatGPT's XRP analysis has detailed a 16.7% slide to $2.3843 with RSI 41.65, bearish MACD, and volume up 14.25% to $6.3B as XRP has tested $2.3375. It has also noted Ripple's $1B GTreasury acquisition and Nasdaq's receipt of a CoinShares XRP ETF filing ahead of an October 18 deadline.

A new entry on the U.S. government's forfeiture.gov website shows that officials bagged the headline-grabbing 127,271 BTC on July 23, 2024, from the Lubian wallets. Analyst Emmett Gallic was the first to break the news. U.S. Quietly Bagged 127,000 BTC Stash in 2024 Everyone's buzzing about the U.S.

Floki Price Prediction has reviewed $22M open interest, exchange inflows exceeding outflows, and RSI near 40 as FLOKI has consolidated after rebounding from ~$0.000015. A move toward ~$0.00029 has required confirmation through volume and a successful retest.

Ethereum (ETH) whales are ramping up asset purchases with sights set on new price highs before the end of the year. This week, the asset supply on Binance dropped to multi-month lows, signaling investors backing self-custody. This suggests possible longer-term holdings, as opposed to flash sales, when whale funds are sent to centralized exchanges.

ETH Accumulation Spike Drives Expectations
Following the weekend red wave, altcoin traders look to bolster their portfolio at fair entry positions. This led to a flurry of purchases in the last two days, igniting a short-term recovery. A single whale scooped $92 million worth of ETH late Sunday night, while another bought over $50 million. 

The string of purchases opened the door to new inflows this week. In the last 24 hours, a whale bought 26,199 ETH worth approximately $106.7 million. A report by analytics firm CryptoQuant also indicates a low Ethereum supply ratio on centralized exchanges. On Binance, the largest platform for trading the asset, the Ethereum supply ratio fell to 0.33, marking the lowest point in nearly eighteen months. 

Historically, Binance supply has gauged the direction of ETH sentiment among retail traders. The swings recorded between 2018 and 2021 were largely due to correction waves and inflow to exchanges. 

“This decline in the supply ratio suggests that Ethereum holders are withdrawing their assets from exchanges toward cold wallets or self-custody solutions, a behavior often interpreted as a bullish signal. When the supply available for trading on exchanges decreases, selling pressure is reduced, increasing the likelihood of a supply shortage if strong new demand emerges.”

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Furthermore, institutional investors prefer to hold Ethereum outside of centralized exchanges due to staking and other factors. As expected, most analysts have pitched toward long-term price growth. Like Bitcoin, Ethereum has surged in recent months due to institutional accumulations. Corporate ETH treasuries have also driven this momentum as firms increase their crypto exposure. 

Firms like SharpLink and BitMine have dominated the scene, fueling bullish interests. This week, BitMine added 200k ETH, taking its holdings above 2 million. The company plans to purchase 5% of Ethereum’s total supply, becoming an institutional crypto powerhouse.

Gemini AI Predicts that XRP, Shiba Inu, and Solana have shown recovery potential following the market's sharp decline, with technical setups, possible U.S. policy movement, and ETF speculation having supported forecasts for renewed gains into late 2025 and early 2026.

Dollar Tree, Inc. (NASDAQ:DLTR) Analyst/Investor Day October 15, 2025 12:30 PM EDT

Company Participants

Robert LaFleur - Senior Vice President of Investor Relations
Michael Creedon - CEO & Director
Brent Beebe - Senior Vice President of Merchandising & Marketing
Jocelyn Konrad - Chief of Dollar Tree Stores & Enterprise Store Operations
Roxanne Weng - Chief Supply Chain Officer
Stewart Glendinning - Chief Financial Officer

Conference Call Participants

Rupesh Parikh - Oppenheimer & Co. Inc., Research Division
Michael Lasser - UBS Investment Bank, Research Division
Kevin Nichols
Matthew Boss - JPMorgan Chase & Co, Research Division
Zhihan Ma - Sanford C. Bernstein & Co., LLC., Research Division
John Heinbockel - Guggenheim Securities, LLC, Research Division
John Zolidis - Quo Vadis Capital, Inc., Research Division
Paul Lejuez - Citigroup Inc., Research Division
Bradley Thomas - KeyBanc Capital Markets Inc., Research Division
Edward Kelly - Wells Fargo Securities, LLC, Research Division
Pedro Gil Garcia Alejo - Morgan Stanley, Research Division
Michael Montani - Evercore ISI Institutional Equities, Research Division
Kelly Bania - BMO Capital Markets Equity Research
Robert Griffin - Raymond James & Associates, Inc., Research Division
Joseph Feldman - Telsey Advisory Group LLC
Christopher Bottiglieri - BNP Paribas Exane, Research Division
Scot Ciccarelli - Truist Securities, Inc., Research Division

Presentation

Robert LaFleur
Senior Vice President of Investor Relations

Good afternoon, everyone, and welcome to Dollar Tree's 2025 Investor Day. A quick housekeeping note, if you didn't see it on the way in. We've got a WiFi password up here. I'll get out of the way. The network and the password. So thank you all for joining us this afternoon, both here in New York and online. It's great to be together on such a beautiful fall day here. These are truly exciting times for Dollar Tree. Since we last met in June of 2023, the business has advanced in significant ways. Most notably, we have completed the sale of Family Dollar, marking a definitive moment in our journey.

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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Jefferies Financial Group Inc. (“Jefferies” or “the Company”) (NYSE: JEF) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Jefferies admitted on October 8, 2025, that it had about $715 million in exposure to the receivables of the bankrupt First Brands Group. According to the Company, the amount represents about 25% of the trade finance portfolio of its Point Bonita subsidiary. Based on this news, shares of Jefferies fell by about 8% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Market Domination anchor Josh Lipton breaks down the latest market news for October 16, 2025. Homebuilder sentiment rises to the highest level since April.

LIVINGSTON, N.J.--(BUSINESS WIRE)--CoreWeave Inc. (NASDAQ: CRWV), The Essential Cloud for AI, today released the following open letter to stockholders of Core Scientific, Inc. (NASDAQ: CORZ). The letter reaffirms CoreWeave’s commitment to the proposed acquisition of Core Scientific on the previously agreed terms and corrects inaccurate and misleading statements made by Two Seas Capital (“Two Seas”), an event-driven hedge fund specializing in litigation.

Dear Core Scientific Stockholders,

CoreWeave entered into a definitive agreement to acquire Core Scientific in an all-stock transaction on July 7, 2025. This transaction represents the most compelling path forward for Core Scientific stockholders, delivering both immediate premium value and continued participation in the growth of one of the fastest-scaling AI platforms globally. The combination will offer Core Scientific and CoreWeave stockholders the opportunity to benefit from the tremendous upside potential and long-term value creation driven by greater verticalization, operating and financing efficiencies and expanded industry expertise.

We believe that Two Seas’ statements and investor presentation include misleading and misinformed assertions with respect to the proposed acquisition. Below, we correct some of the myths from Two Seas’ investor presentation and provide the reality that they are ignoring:

Myth: That CoreWeave Will Improve Its Offer Value

Reality: The CoreWeave offer announced on July 7, 2025 is best and final

CoreWeave has been unequivocal – to Core Scientific and publicly1 – that we will not modify our offer. Our offer is best and final.

Myth: That Core Scientific’s Standalone Value-Creation Plan is Superior to Our Offer

Reality: The transaction with CoreWeave eliminates the significant risks in Core Scientific’s standalone plan and offers shareholders a more secure and scalable path to long-term value creation

The combination with CoreWeave will de-risk Core Scientific’s standalone plan, which involves significant near-term capital expenditures and execution risks associated with securing power, customers and financing – which will require Core Scientific to pursue substantial debt and/or dilutive equity.

Two Seas overlooks the operational challenges and delays that Core Scientific has referenced in its public filings.2 This transaction instead builds on the significant progress realized by Core Scientific and CoreWeave to date on Core Scientific’s existing sites.

The combination will be highly synergistic with significant strategic and financial benefits, including access to capital for Core Scientific that may otherwise be unavailable. Vertically integrating Core Scientific’s data centers will position Core Scientific shareholders to benefit from this compelling opportunity to participate in future value creation.

Driven largely by its partnership with CoreWeave, Core Scientific’s stock price increased by ~ 150% in the 13 months prior to the announcement3 of the transaction (vs. ~25% for peers4 over that same period), on top of which CoreWeave is paying a historically high premium of 60%.

While peers have recently unlocked share price momentum through major strategic or customer announcements, we believe these peers are just now realizing the stock price appreciation that Core Scientific has already realized.

Myth: That Core Scientific Could Find a Better Buyer

Reality: No alternative buyer can match CoreWeave’s scale, alignment, or ability to unlock value from Core Scientific’s assets

CoreWeave is Core Scientific’s only HPC customer, representing ~100% of Core Scientific’s HPC colocation revenue and more than 76% of total revenue for 2026E. Core Scientific has signed no other HPC customer since emerging from bankruptcy.

In CoreWeave’s opinion, any acquirer would simply be buying the right to become CoreWeave’s landlord.

No other bidder has ever surfaced for Core Scientific – neither since the deal announcement nor at any time since the June 2024 announcement of CoreWeave’s initial approach; the emergence of an alternative bidder has always been and continues to be incredibly unlikely given Core Scientific’s close relationship with CoreWeave.

CoreWeave remains confident that this transaction represents the most compelling path forward for Core Scientific stockholders.

We encourage Core Scientific’s stockholders to think objectively about Core Scientific’s standalone prospects and the significant risks involved with executing on a standalone plan. The proposed acquisition by CoreWeave addresses key execution risks that would otherwise be borne by Core Scientific’s stockholders.

Core Scientific will be holding a Special Meeting on October 30, 2025 at 10:00AM Eastern time to vote on the CoreWeave transaction. Stockholders of record as of the close of business on September 19, 2025, are entitled to vote at the meeting. CoreWeave strongly recommends that all Core Scientific stockholders vote “FOR” the merger proposal and return the WHITE proxy card.

Michael Intrator

Chief Executive Officer, Co-founder

About CoreWeave

CoreWeave is The Essential Cloud for AI™. Built for pioneers by pioneers, CoreWeave delivers a platform of technology, tools, and teams that enables innovators to move at the pace of innovation, building and scaling AI with confidence. Trusted by leading AI labs, startups, and global enterprises, CoreWeave serves as a force multiplier by combining superior infrastructure performance with deep technical expertise to accelerate breakthroughs. Established in 2017, CoreWeave completed its public listing on Nasdaq (CRWV) in March 2025. Learn more at www.coreweave.com.

Important Additional Information Will be Filed with the SEC

In connection with the proposed transaction between CoreWeave, Inc. (“CoreWeave”) and Core Scientific, Inc. (“Core Scientific”), CoreWeave and Core Scientific have filed and will file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”). On August 20, 2025, CoreWeave filed with the SEC a registration statement on Form S-4 (the “Form S-4”), as amended (No. 333-289742) to register shares of CoreWeave common stock and warrants (and shares of common stock underlying those warrants) to be issued in connection with the proposed transaction. The Form S-4 was declared effective by the SEC on September 26, 2025, and CoreWeave filed the related prospectus with the SEC on September 26, 2025 (the “Prospectus”). Also on September 26, 2025, Core Scientific filed the definitive proxy statement with respect to the proposed transaction (the "Proxy Statement"). The Prospectus and the Proxy Statement were first mailed to stockholders of Core Scientific on or about September 26, 2025. This communication is not a substitute for the Form S-4, the Proxy Statement, the Prospectus or any other document that CoreWeave or Core Scientific (as applicable) have filed or may file with the SEC in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF COREWEAVE AND CORE SCIENTIFIC ARE URGED TO READ THE FORM S-4, THE PROXY STATEMENT, THE PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Form S-4, the Proxy Statement and the Prospectus, as well as other filings containing important information about CoreWeave or Core Scientific, without charge at the SEC’s Internet website (http://www.sec.gov). Copies of the documents filed with the SEC by CoreWeave are and will be available free of charge on CoreWeave’s internet website at https://coreweave2025ipo.q4web.com/financials/sec-filings/ or by contacting CoreWeave’s investor relations contact at [email protected]. Copies of the documents filed with the SEC by Core Scientific are and will be available free of charge on Core Scientific’s internet website at https://investors.corescientific.com/sec-filings/all-sec-filings. The information included on, or accessible through, CoreWeave’s or Core Scientific’s website is not incorporated by reference into this communication.

Participants in the Solicitation

CoreWeave, Core Scientific, their respective directors and certain of their respective executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of Core Scientific and a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Proxy Statement (File No. 001-40046) in the section titled “Interests of Core Scientific’s Directors and Executive Officers in the Merger,” including the documents incorporated by reference therein, which is available at: sec.gov/Archives/edgar/data/1839341/000114036125036346/ny20053622x1_defm14a.htm. Information about the directors and executive officers of CoreWeave is set forth in CoreWeave’s Prospectus dated March 27, 2025, which was filed with the SEC on March 31, 2025 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-285512) (and which is available at: https://www.sec.gov/Archives/edgar/data/1769628/000119312525067651/d899798d424b4.htm). These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct or indirect interests, by security holdings or otherwise, is contained in the Proxy Statement, the Prospectus and other relevant materials filed with the SEC.

No Offer or Solicitation

This communication is for informational purposes only and is not intended to, and shall not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words, but not all forward-looking statements include such words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of CoreWeave and Core Scientific, that could cause actual results to differ materially from those expressed in such forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the completion of the proposed transaction on anticipated terms, or at all, and timing of completion, including obtaining Core Scientific stockholder approval for the proposed transaction; uncertainty in the value of the consideration that Core Scientific stockholders would receive in the proposed transaction, if completed, due to fluctuations in the market price of CoreWeave common stock; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the combined company’s operations and other conditions to the completion of the proposed transaction, including the possibility that any of the anticipated benefits of the proposed transaction will not be realized or will not be realized within the expected time period; the ability of CoreWeave and Core Scientific to integrate their businesses successfully and to achieve anticipated synergies and value creation; potential litigation relating to the proposed transaction that could be instituted against CoreWeave, Core Scientific or their respective directors and officers; the risk that disruptions from the proposed transaction will harm CoreWeave’s or Core Scientific’s business, including current plans and operations and that management’s time and attention will be diverted on transaction-related issues; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; rating agency actions and CoreWeave’s and Core Scientific’s ability to access short- and long-term debt markets on a timely and affordable basis; legislative, regulatory and economic developments and actions targeting public companies in the artificial intelligence, power, data center and crypto mining industries and changes in local, national or international laws, regulations and policies affecting CoreWeave and Core Scientific; potential business uncertainty, including the outcome of commercial negotiations and changes to existing business relationships during the pendency of the proposed transaction that could affect CoreWeave’s and/or Core Scientific’s financial performance and operating results; certain restrictions during the pendency of the proposed transaction that may impact Core Scientific’s ability to pursue certain business opportunities or strategic transactions or otherwise operate its business; acts of terrorism or outbreak of war, hostilities, civil unrest, attacks against CoreWeave or Core Scientific and other political or security disturbances; dilution caused by CoreWeave’s issuance of additional shares of its securities in connection with the proposed transaction; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; global or regional changes in the supply and demand for power and other market or economic conditions that impact demand and pricing; changes in technical or operating conditions, including unforeseen technical difficulties; development delays at CoreWeave and/or Core Scientific data center sites, including any delays in the conversion of such sites from crypto mining facilities to high-performance computing sites; those risks described in the section titled “Risk Factors” in CoreWeave’s Prospectus dated March 27, 2025, filed with the SEC on March 31, 2025 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-285512), Part II, Item 1A of CoreWeave’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the SEC on August 13, 2025 and subsequent reports on Forms 10-Q and 8-K; those risks described in Part II, Item 1A of Core Scientific’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the SEC on August 8, 2025, Part I, Item 1A of Core Scientific’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 27, 2025 and subsequent reports on Forms 10-Q and 8-K; and those risks described in the section titled “Risk Factors” in the Proxy Statement and the Prospectus available from the sources indicated above.

These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the Proxy Statement and the Prospectus. While the list of factors presented here is, and the list of factors presented in the Proxy Statement and the Prospectus are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. You should not place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes; actual performance and outcomes, including, without limitation, CoreWeave’s or Core Scientific’s actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which CoreWeave or Core Scientific operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Neither CoreWeave nor Core Scientific assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Neither future distribution of this communication nor the continued availability of this communication in archive form on CoreWeave’s or Core Scientific’s website should be deemed to constitute an update or re-affirmation of these statements as of any future date.

More News From CoreWeave Inc.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In AlloVir (ALVR) To Contact Him Directly To Discuss Their Options

If you are a long-term stockholder in AlloVir between March 22, 2022 and December 21, 2023 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against AlloVir, Inc. (NASDAQ:ALVR) on behalf of long-term stockholders following a class action complaint that was filed against AlloVir on March 19, 2024 with a Class Period from March 22, 2022 and December 21, 2023. Our investigation concerns whether the board of directors of AlloVir have breached their fiduciary duties to the company.
Details:

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the posoleucel Phase 3 Studies were unlikely to meet their primary endpoints; (ii) as a result, it was likely that the Company would ultimately discontinue the posoleucel Phase 3 studies; (iii) accordingly, AlloVir overstated the efficacy and clinical and/or commercial prospects of posoleucel; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.On December 22, 2023, AlloVir announced that it was discontinuing the posoleucel Phase 3 studies over efficacy concerns and stated that it would explore strategic alternatives for the Company. Specifically, AlloVir said it was discontinuing the posoleucel Phase 3 studies after pre-planned analyses concluded they wouldn’t meet their primary endpoints.On this news, AlloVir’s stock price fell $1.57 per share, or 67.38%, to close at $0.76 per share on December 22, 2023.
Next Steps:

If you are a long-term stockholder of AlloVir, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

October 16, 2025 17:16 ET

 | Source:

Rocket Doctor AI Inc.

Vancouver, British Columbia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Rocker Doctor AI Inc. (the “Company” or “Rocket Doctor AI”) (CSE: AIDR, OTC: AIRDF, Frankfurt: 939) announces that it has engaged FN Media Group, LLC (“FN Media”) to commence news/media marketing campaigns for a three (3) day term commencing the week of October 20, 2025, in  consideration of USD$14,085.

FN Media shall utilize its proprietary traffic generation application and Google/Yahoo Digital media ads platforms. FN Media does not currently own any interest, directly or indirectly, in the Company or its securities. FN Media’s address is 49 N. Federal Hwy, #281, Pompano Beach, Florida, USA, 33062 (phone: (954) 345-0611, email: [email protected]). FN Media and its directors and officers are arm’s length from the Company.

About Rocket Doctor AI Inc.

Rocket Doctor AI Inc. delivers physician-built, AI-powered solutions designed to make high- quality healthcare accessible throughout the entire patient journey. A cornerstone of the company’s proprietary technology is the Global Library of Medicine (GLM), a clinically validated decision support system developed with input from hundreds of physicians worldwide.

Alongside the GLM is Rocket Doctor Inc, and its AI-powered digital health platform and marketplace. Having helped empower over 300 MDs to provide care to more than 700,000 patient visits, our proprietary technology software and systems enable doctors to independently launch and manage their own virtual or hybrid in-person practices - improving efficiency, restoring autonomy to MDs, and expanding patient access to care.

By reducing administrative burdens and ensuring greater consistency in care, our technology creates more time for meaningful physician-patient interactions. We are committed to reaching underserved, rural, and remote communities in Canada who often lack access to family doctors and supporting patients on Medicaid and Medicare in the United States. With advanced AI, large language models, and connected medical devices, Rocket Doctor AI is redefining modern healthcare - making it more scalable, equitable, and patient-centered.

To learn more about Rocket Doctor AI Inc’s products and services, contact: www.rocketdoctor.ai or email: [email protected]

FOR ADDITIONAL INFORMATION, CONTACT:

Dr. Essam Hamza, CEO, Rocket Doctor AI [email protected]

Dr. Bill Cherniak, CEO, Rocket Doctor Inc. [email protected]

For media inquiries, contact: [email protected]

Call: +1 (778) 819 8321

Cautionary Statements

This news release contains forward-looking statements relating to the future operations of Rocket Doctor AI Inc. and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Offering, the use of proceeds of the Offering, the filing of a Prospectus Supplement and future plans and objectives of Rocket Doctor AI Inc., are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Rocket Doctor AI Inc.'s expectations include other risks detailed from time to time in the filings made by Rocket Doctor AI Inc. with securities regulators.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Rocket Doctor AI Inc. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Rocket Doctor AI Inc. will only update or revise publicly the included forward- looking statements as expressly required by Canadian securities law.

SummaryCompaniesCanaccord Wealth could fetch over 1 billion pounds in sale, sources sayWealth management sector sees increased dealmaking activityCanaccord Wealth manages 37.2 billion pounds in assetsLONDON, Oct 16 (Reuters) - Canadian financial services group Canaccord Genuity

(CF.TO), opens new tab has been sounding out potential bidders, including CVC

(CVC.AX), opens new tab and Advent, for its British wealth arm, two people with knowledge of the matter told Reuters.

The CEO of the unit, known as Canaccord Wealth, has held meetings with private equity firms recently about a potential sale, said the people, who declined to be named as the information is not public.

Sign up here.

Fenchurch Advisory, a London-based boutique investment bank, is advising Canaccord Genuity on a potential sale and could begin a formal process later this quarter, the people added.

The business, which generated EBITDA of 78.6 million pounds in the 12-month period ending in March according to its latest annual results, could fetch a valuation of more than 1 billion pounds ($1.34 billion) in a sale, the people said. As of the end of June, it had assets under management of 38.3 billion pounds ($51.46 billion), according to its latest quarterly results.

Canaccord Genuity's spokesperson did not respond to multiple requests for comment via email and telephone. A representative for Canaccord Wealth did not respond to emails and calls. David Esfandi, CEO of Canaccord Wealth, did not respond to requests for comment.

Fenchurch, CVC and Advent declined to comment.

Canaccord Genuity said in November it had no plans to sell the business after the Financial Times reported it was conducting a strategic review which included the potential sale of its UK wealth management business. It added that it regularly explores opportunities to strengthen its business and routinely engages with external advisers to assess opportunities across its global business.

While the UK business is majority-owned by Canaccord Genuity, BlackRock

(BLK.N), opens new tab-owned private credit firm HPS has owned a minority stake since 2021 and is likely to offload its shares as part of a sale, the people said. A spokesperson for HPS declined to comment.

The potential sale comes amid a wave of dealmaking in the wealth management and financial advice market in recent years as firms look for greater scale and attempt to capitalise on rising demand for wealth services.

Canaccord Genuity itself has expanded through a series of deals in Britain, including the 2024 purchase of Cantab Asset Management and acquisition of Brooks Macdonald Asset Management International in 2025.

Despite a subdued global dealmaking environment in the first half of the year, European wealth and asset management deals rose from 90 in the first half of 2024 to 113 in the same period in 2025, while deal value rose from $1.9 billion to $2.7 billion over the same period, according to data from EY.

($1 = 0.7450 pound)

Reporting by Amy-Jo Crowley and Charlie Conchie in London; Editing by Anousha Sakoui, Elaine Hardcastle and Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) today reported third quarter 2025 financial and operational results.

Summary Results and Highlights

Revenue of $947 million, a 9% sequential decrease

Net income of $43 million, or $0.26 fully diluted earnings per share (“EPS”)

Adjusted EBITDA1 of $128 million

Distributed $13 million to shareholders through cash dividends

Increased quarterly cash dividend by 13% to $0.09 per share beginning fourth quarter of 2025

Achieved quarterly record pumping efficiency and tons of sand sold from Liberty mines

Launched Forge, Liberty’s large language model for intelligent asset orchestration

Total power generation capacity increasing to over one gigawatt expected to be delivered through 2027

Appointed Alice Yake (Jackson) to the Board of Directors, bringing decades of experience in energy infrastructure and power generation

“Liberty achieved revenue of $947 million and Adjusted EBITDA of $128 million in the third quarter, despite a slowdown in industry completions activity and market pricing pressure. Our team delivered solid operational results, once again delivering the highest combined average daily pumping efficiency and safety performance in Liberty’s history,” commented Ron Gusek, Chief Executive Officer. “The team remains committed to driving outstanding results for our customers while navigating current market challenges. While we anticipate market headwinds to persist in the near term, we are well positioned to capitalize on opportunities when conditions improve. Our leadership in technology innovation and service quality delivers differential results, strengthening long-term relationships and reinforcing our competitive position through cycles.”

“Our digiPrime fleets are achieving outstanding performance and leading efficiency metrics across the company. Several fleets deployed with our largest customers broke new records for pumping hours, horsepower hours, and proppant volumes pumped during the quarter. Additionally, our team’s uniquely engineered digiPrime pumps are realizing measurable cost improvements relative to conventional technologies. Early indications show total maintenance costs savings are greater than 30% on digiPrime pumps,” continued Mr. Gusek. “Across our fleet, we are also driving meaningful efficiencies for our customers with our AI-driven automated and intelligent rate and pressure control software, StimCommander. Fleet automation is driving a 65% improvement in the time to deliver the desired fluid injection rate and a 5% to 10% improvement in hydraulic efficiency. Our cloud-based large language model, Forge, further empowers StimCommander with intelligent asset orchestration through continuous AI optimization.”

“Liberty’s power opportunities continue to strengthen as sophisticated electricity consumers seeking dynamic, flexible solutions are recognizing the value of having an advantaged energy partner that provides a solution aligned with their specific needs. Liberty is in close engagement with potential customers with large, highly transient power demand that will benefit from rapid deployment schedules with high reliability power solutions at grid competitive prices,” continued Mr. Gusek. “Liberty customers will have a key partner that offers a fully integrated energy solution spanning on-site power, fuel management, and the option for grid integration and attributes.”

“We are confident in the growth trajectory of our power business and are expanding our power deliveries in anticipation of customer conversions from our expansive pipeline of opportunities. We are in the process of securing additional power generation, bringing our total capacity to over one gigawatt to be delivered through 2027, and we expect further increases will be necessary to meet the growing demand for our services,” continued Mr. Gusek.

“Our strategic investments are targeted at accelerating the growth of our power business and advancing completion technologies that reinforce our competitive edge,” commented Mr. Gusek. “Earlier this week, we raised our quarterly cash dividend by 13% to reflect confidence in our future and a continued commitment to delivering long-term value to shareholders.”

Outlook

Industry frac activity has now fallen below levels required to sustain North American oil production. Oil producers, which comprise a vast majority of North American frac activity, opted to moderate completions against a backdrop of macroeconomic uncertainty and after exceeding production targets during the first half of the year. Slowing trends in oil markets have more than offset increased demand for natural gas fleet activity where long-term fundamentals remain encouraging in support of LNG export capacity expansion and rising power consumption.

Moderation in activity anticipated in the near term is transitory in nature. Global oil oversupply is expected to peak during the first half of 2026. Many shale oil producers are targeting relatively flat oil production, requiring modest activity improvement in the coming year from current levels, and long-term gas demand and related completions activity continue to be on a favorable trajectory. Together, these factors set the backdrop for improving frac fundamentals later in 2026, assuming commodity futures prices remain supportive.

Lower industry activity and underutilized fleets in today’s frac markets are driving pricing pressure, primarily for conventional fleets. This slowdown is accelerating equipment attrition and fleet cannibalization, setting the stage for a more constructive supply and demand balance of industry frac fleets in the future. An improvement in frac activity coupled with tightening frac capacity would support better pricing dynamics.

The outlook for higher quality, next generation fleets remains strong, as operators continue to demand next generation fleets that provide significant fuel savings, emissions benefits, and operational efficiencies. Liberty’s digiTechnologies platform continues to see significant demand and more favorable economics through cycles, and leverages our total service platform with scale advantages, integrated services, and robust digital technologies.

“Although industry frac activity has declined since early 2023, the Liberty team has consistently outperformed markets by staying relentlessly focused on customer success and alignment of shared priorities. During the third quarter, we further strengthened our simulfrac offering with the reallocation of horsepower for long-term partners,” commented Mr. Gusek. “We remain focused on expanding competitive advantages through cycles, allowing us to navigate softer anticipated conditions in the months ahead while remaining well-positioned to react swiftly when demand for frac services rises.”

“Structural demand for power continues to strengthen, as evidenced by large-scale, long duration power commitments across the industry. AI compute load represents a meaningful long-term growth opportunity, and broader electrification trends and industrial reshoring efforts are also driving incremental, steady base load demand. At the same time, the grid is facing mounting reliability and capacity challenges driven by increased intermittent generation and a lack of investment in transmission infrastructure,” continued Mr. Gusek. “Liberty’s on-site power solutions are fully customizable power plants that provide consumers with reliability and clarity around power costs, serving as a strategic hedge against potentially significant increases in grid power prices. We are excited by the momentum we are seeing in power opportunities and are well positioned to deliver an unparalleled offering in the years ahead.”

Cash Dividend

During the quarter ended September 30, 2025, the Company paid a quarterly cash dividend of $0.08 per share of Class A common stock, or approximately $13 million in aggregate to shareholders.

On October 14, 2025, the Board declared a cash dividend of $0.09 per share of Class A common stock, to be paid on December 18, 2025 to holders of record as of December 4, 2025.

Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on market conditions and capital availability.

Third Quarter Results

For the third quarter of 2025, revenue was $947 million, a decrease of 17% from $1.1 billion in the third quarter of 2024 and a decrease of 9% from $1.0 billion in the second quarter of 2025.

Net income (after taxes) totaled $43 million for the third quarter of 2025 compared to $74 million in the third quarter of 2024 and $71 million in the second quarter of 2025.

Adjusted Net (Loss) Income2 totaled ($10 million) for the third quarter of 2025 compared to $76 million in the third quarter of 2024 and $20 million in the second quarter of 2025.

Adjusted EBITDA1 of $128 million for the third quarter of 2025 decreased 48% from $248 million in the third quarter of 2024 and decreased 29% from $181 million in the second quarter of 2025.

Fully diluted earnings per share of $0.26 for the third quarter of 2025 compared to $0.44 for the third quarter of 2024 and $0.43 for the second quarter of 2025.

Adjusted Net (Loss) Income per Diluted Share2 of $(0.06) for the third quarter of 2025 compared to $0.45 for the third quarter of 2024 and $0.12 for the second quarter of 2025.

Please refer to the tables at the end of this earnings release for a reconciliation of Adjusted EBITDA, Adjusted Net (Loss) Income, and Adjusted Net (Loss) Income per Diluted Share (each, a non-GAAP financial measure) to the most directly comparable GAAP financial measures.

Balance Sheet and Liquidity

As of September 30, 2025, Liberty had cash on hand of $13 million and total debt of $253 million, drawn on the secured asset-based revolving credit facility. Total liquidity, including availability under the credit facility, was $146 million as of September 30, 2025.

In July 2025, Liberty expanded its credit facility to provide for a $225 million increase in aggregate commitments to $750 million, subject to borrowing base limitations.

Conference Call

Liberty will host a conference call to discuss the results at 8:30 a.m. Mountain Time (10:30 a.m. Eastern Time) on Friday, October 17, 2025. Presenting Liberty’s results will be Ron Gusek, President and Chief Executive Officer, and Michael Stock, Chief Financial Officer.

Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at http://investors.libertyenergy.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 6314706. The replay will be available until October 24, 2025.

About Liberty

Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit www.libertyenergy.com and www.libertypowerinnovations.com, or contact Investor Relations at [email protected].

Non-GAAP Financial Measures

This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income per Diluted Share, and Adjusted Pre-Tax Return on Capital Employed (“ROCE”). We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock-based compensation, new fleet or new basin start-up costs, fleet lay-down costs, gain or loss on the disposal of assets, gain or loss on investments, net, bad debt reserves, transaction and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements, and other non-recurring expenses that management does not consider in assessing ongoing performance.

Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion, and amortization) and other items that impact the comparability of financial results from period to period. We present EBITDA and Adjusted EBITDA because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under U.S. GAAP.

We present Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share because we believe such measures provide useful information to investors regarding our operating performance by excluding the after-tax impacts of unusual or one-time benefits or costs, including items such as gain or loss on investments, net and transaction and other costs, primarily because management views the excluded items to be outside of our normal operating results. We define Adjusted Net (Loss) Income as net income after eliminating the effects of such excluded items and Adjusted Net (Loss) Income per Diluted Share as Adjusted Net (Loss) Income divided by the number of weighted average diluted shares outstanding. Management analyzes net income without the impact of these items as an indicator of performance to identify underlying trends in our business.

We define ROCE as the ratio of adjusted pre-tax net income (adding back income tax and certain adjustments that include tax receivable agreement impacts, gain or loss on investments, net, and transaction and other costs, when applicable) for the twelve months ended September 30, 2025 to Average Capital Employed. Average Capital Employed is the simple average of total capital employed (both debt and equity) as of September 30, 2025 and September 30, 2024. ROCE is presented based on our management’s belief that this non-GAAP measure is useful information to investors when evaluating our profitability and the efficiency with which management has employed capital over time. Our management uses ROCE for that purpose. ROCE is not a measure of financial performance under U.S. GAAP and should not be considered an alternative to net income, as defined by U.S. GAAP.

Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures for a reconciliation or calculation of the non-GAAP financial or operational measures to the most directly comparable GAAP measure.

Forward-Looking and Cautionary Statements

The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included herein concerning, among other things, statements about our expected growth from recent acquisitions, expected performance, future operating results, oil and natural gas demand and prices and the outlook for the oil and gas industry, outlook for the power industry, future global economic conditions, improvements in operating procedures and technology, our business strategy and the business strategies of our customers, the impact of policy, legislative, and regulatory changes, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “outlook,” “project,” “plan,” “position,” “believe,” “intend,” “achievable,” “forecast,” “assume,” “anticipate,” “will,” “continue,” “potential,” “likely,” “should,” “could,” and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.

Liberty Energy Inc.

Selected Financial Data

(unaudited)

 

Three Months Ended

Nine Months Ended

September 30,

June 30,

September 30,

September 30,

2025

2025

2024

2025

2024

Statement of Operations Data:

(amounts in thousands, except for per share data)

Revenue

$

947,397

$

1,042,521

$

1,138,578

$

2,967,379

$

3,371,587

Costs of services (exclusive of depreciation, depletion, and amortization shown separately below)

769,761

812,107

840,274

2,343,484

2,458,752

General and administrative (1)

58,284

58,344

58,614

182,403

169,300

Transaction and other costs

—

—

—

811

—

Depreciation, depletion, and amortization

122,981

129,366

126,395

380,089

372,886

(Gain) loss on disposal of assets, net

(1,210

)

5,631

6,017

7,766

6,105

Total operating costs and expenses

949,816

1,005,448

1,031,300

2,914,553

3,007,043

Operating (loss) income

(2,419

)

37,073

107,278

52,826

364,544

(Gain) loss on investments, net

(68,353

)

(68,242

)

2,727

(155,883

)

(4,474

)

Interest expense, net

10,902

10,162

8,589

30,607

23,715

Net income before income taxes

55,032

95,153

95,962

178,102

345,303

Income tax expense

11,977

24,137

22,158

43,920

81,186

Net income

43,055

71,016

73,804

134,182

264,117

Net income per common share:

Basic

$

0.27

$

0.44

$

0.45

$

0.83

$

1.59

Diluted

$

0.26

$

0.43

$

0.44

$

0.81

$

1.55

Weighted average common shares outstanding:

Basic

161,959

161,865

164,741

161,921

165,755

Diluted

165,066

164,243

168,595

165,126

169,947

Other Financial and Operational Data

Capital expenditures (2)

$

113,034

$

134,046

$

162,835

$

367,958

$

438,909

Adjusted EBITDA (3)

$

127,679

$

180,798

$

247,811

$

476,627

$

765,853

Liberty Energy Inc.

Condensed Consolidated Balance Sheets

(unaudited, amounts in thousands)

September 30,

December 31,

2025

2024

Assets

Current assets:

Cash and cash equivalents

$

13,454

$

19,984

Accounts receivable and unbilled revenue

573,801

539,856

Inventories

184,420

203,469

Prepaids and other current assets

122,733

85,214

Total current assets

894,408

848,523

Property and equipment, net

1,925,871

1,890,998

Operating and finance lease right-of-use assets

398,358

356,435

Other assets

135,928

119,402

Investment in equity securities

148,820

81,036

Total assets

$

3,503,385

$

3,296,394

Liabilities and Equity

Current liabilities:

Accounts payable and accrued liabilities

$

559,673

$

571,305

Current portion of operating and finance lease liabilities

117,530

95,218

Total current liabilities

677,203

666,523

Long-term debt

253,000

190,500

Noncurrent portion of operating and finance lease liabilities

255,454

247,888

Deferred tax liability

180,883

137,728

Payable pursuant to tax receivable agreements

67,180

74,886

Total liabilities

1,433,720

1,317,525

Stockholders’ equity:

Common stock

1,620

1,619

Additional paid in capital

970,123

977,484

Retained earnings

1,113,968

1,019,517

Accumulated other comprehensive loss

(16,046

)

(19,751

)

Total stockholders’ equity

2,069,665

1,978,869

Total liabilities and equity

$

3,503,385

$

3,296,394

Liberty Energy Inc.

Reconciliation and Calculation of Non-GAAP Financial and Operational Measures

(unaudited, amounts in thousands)

Reconciliation of Net Income to EBITDA and Adjusted EBITDA

Three Months Ended

Nine Months Ended

September 30,

June 30,

September 30,

September 30,

2025

2025

2024

2025

2024

Net income

$

43,055

$

71,016

$

73,804

$

134,182

$

264,117

Depreciation, depletion, and amortization

122,981

129,366

126,395

380,089

372,886

Interest expense, net

10,902

10,162

8,589

30,607

23,715

Income tax expense

11,977

24,137

22,158

43,920

81,186

EBITDA

$

188,915

$

234,681

$

230,946

$

588,798

$

741,904

Stock-based compensation expense

7,301

8,101

8,121

33,482

22,318

(Gain) loss on investments, net

(68,353

)

(68,242

)

2,727

(155,883

)

(4,474

)

(Gain) loss on disposal of assets, net

(1,210

)

5,631

6,017

7,766

6,105

Transaction and other costs

—

—

—

811

—

Provision for credit losses

1,026

627

—

1,653

—

Adjusted EBITDA

$

127,679

$

180,798

$

247,811

$

476,627

$

765,853

Reconciliation of Net Income and Net Income per Diluted Share to Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share

Three Months Ended

Nine Months Ended

September 30,

June 30,

September 30,

September 30,

2025

2025

2024

2025

2024

Net income

$

43,055

$

71,016

$

73,804

$

134,182

$

264,117

Adjustments:

Less: (Gain) Loss on investments, net

(68,353

)

(68,242

)

2,727

(155,883

)

(4,474

)

Add back: Transaction and other costs

—

—

—

811

—

Total adjustments, before income taxes

(68,353

)

(68,242

)

2,727

(155,072

)

(4,474

)

Income tax effect of adjustments

(15,756

)

(17,373

)

656

(38,303

)

(1,051

)

Adjusted Net (Loss) Income

$

(9,542

)

$

20,147

$

75,875

$

17,413

$

260,694

Diluted weighted average common shares outstanding

165,066

164,243

168,595

165,126

169,947

Net income per diluted share

$

0.26

$

0.43

$

0.44

$

0.81

$

1.55

Adjusted Net (Loss) Income per Diluted Share

$

(0.06

)

$

0.12

$

0.45

$

0.11

$

1.53

Calculation of Adjusted Pre-Tax Return on Capital Employed

Twelve Months Ended

September 30,

2025

2024

Net income

$

186,075

Add back: Income tax expense

49,995

Add back: Loss on remeasurement of liability under tax receivable agreements (1)

3,210

Less: Gain on investments, net

(200,636

)

Add back: Transaction and other costs

811

Adjusted Pre-tax net income

$

39,455

Capital Employed

Total debt

$

253,000

$

123,000

Total equity

2,069,665

1,968,998

Total Capital Employed

$

2,322,665

$

2,091,998

Average Capital Employed (2)

$

2,207,332

Adjusted Pre-Tax Return on Capital Employed (3)

2

%

More News From Liberty Energy Inc.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Edison (EIX)To Contact Him Directly To Discuss Their Options

If you purchased or acquired stock in Edison between from February 25, 2021 through February 6, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Edison International (NYSE: EIX) on behalf of long-term stockholders following a class action complaint that was filed against Edison on February 11, 2025 with a Class Period from February 25, 2021 through February 6, 2025. Our investigation concerns whether the board of directors of Edison have breached their fiduciary duties to the company.
Details:

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Edison's claim that Southern California Edison Company ("SCE") used its Public Safety Power Shutoffs ("PSPS") program to "proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events", was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to the Company; and (3) as a result, Defendants' statements about Edison's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Next Steps:

If you are a long-term stockholder of Edison, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com