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Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programmes for employees and management.

Date on which the buy-back programme was announced: 4 February 2026.

The duration of the buy-back programme: 13 February 2026 to 15 January 2027.

Size of the buy-back programme: The total purchase amount under the programme is NOK 1,971,000,000 and the maximum shares to be acquired is 19,600,000 shares, of which up to 7,920,000 shares can be acquired in the period from 13 February 2026 to 15 May 2026, and up to 11,680,000 shares can be acquired in the period from 15 May 2026 to 15 January 2027.

On 15 June 2026, Equinor ASA has purchased a total of 486,072 own shares at the Oslo Stock Exchange at an average price of NOK 327.1115 per share.

Aggregated overview of transactions per day:

DateAggregated volume (number of shares)Weighted average share price (NOK)Total transaction value (NOK)15 June 2026486,072327.1115158,999,741Previously disclosed buy-backs under the programme (accumulated)2,046,262325.9598666,999,107Total buy-backs under the programme2,532,334326.1808825,998,848 Following the completion of the above transactions, Equinor ASA owns a total of 66,774,249 own shares, corresponding to 2.61% of Equinor ASA’s share capital, including shares purchased under the previous buy-back programme for the share-based incentive programmes for employees, and shares purchased under Equinor’s disclosed buy-back programmes which will be used to reduce the issued share capital of the company.

This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Appendix: A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Further information from

Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 918 01 791

Media
Sissel Rinde, vice president Media Relations,
+47 412 60 584

Equinor Employee share saving programme - 18 June 2026

Key Takeaways Equinor plans to increase production to 2.3 MMBoe/d by 2030, driven by NCS and international growth.Equinor expects more than $40 billion in free cash flow after capex and lease payments during 2026-2030.Equinor plans a $3B 2026 share buyback program and targets annual dividend growth above 5%. Equinor ASA (EQNR - Free Report) presents an updated strategy focused on delivering higher production, stronger cash flows and enhanced shareholder returns through 2030. Equinor plans to increase total production to 2.3 million barrels of oil-equivalent per day (MMBoe/d) by 2030, driven by growth on the Norwegian Continental Shelf (NCS), and a 30% increase in international oil and gas output. EQNR also expects power generation to exceed 20 terawatt-hours by 2030, supported by projects under execution.

The Norwegian integrated giant is balancing disciplined spending with targeted investments and has outlined an $11-$13 billion capital expenditure (capex) plan for 2027. Equinor will direct roughly 60% of these funds to the NCS, 30% to international oil and gas projects and 10% to power. Management expects cash flow from operations (CFFO), after tax to increase 30% between 2025 and 2030, and forecasts more than $40 billion of free cash flow after capex and lease payments during 2026-2030.

Equinor's NCS portfolio remains a key value driver, supported by low-cost subsea developments with break-even prices below $35 per barrel and payback periods of less than 2.5 years. EQNR has upgraded its NCS production forecast by 100,000 barrels of oil-equivalent per day (Boe/d), with targets set at 1.35 MMBoe/d for 2030 and 1.3 MMBoe/d for 2035.

The Norwegian integrated giant is also expanding its international portfolio in key basins such as the United States, Brazil, Angola, the U.K. and Canada. International production is expected to reach 950,000 Boe/d by 2030, generating $20 billion in free cash flow after capital spending and lease payments over the next five years. EQNR expects CFFO to increase 80% to $9 billion in 2030, while trading and market optimization earnings are projected to rise 25% to $500 million per quarter through increased deployment of digital tools and artificial intelligence.

Equinor is expected to strengthen its shareholder return framework by doubling its 2026 share buyback program to $3 billion and introducing the annual buyback guidance of $2-$4 billion from 2027 onward. EQNR aims increasing its quarterly cash dividend per share by more than 5% per year. Combined with a targeted return on average capital employed above 15%, these initiatives reinforce Equinor's commitment to long-term value creation and capital returns.

Equinor currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the energy sector that have a presence in the upstream operations are W&T Offshore, Inc. (WTI - Free Report) , YPF Sociedad Anónima (YPF - Free Report) and Ecopetrol S.A. (EC - Free Report) .

As W&T Offshore, YPF and Ecopetrol have upstream presence like Equinor, their business models are highly sensitive to oil and gas price fluctuations. WTI currently carries a Zacks Rank #2 (Buy), and YPF and EC sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

W&T Offshore leverages a diverse portfolio of offshore assets in the Gulf of America to produce oil and natural gas. Holding approximately 605,000 acres, WTI maintains substantial 1P and 2P reserves, supporting a production lifespan of nearly 20 years.

YPF is an integrated energy company that leverages its strong foothold in Argentina’s Vaca Muerta formation to drive production growth. Increased field activity in the coming quarters is expected to boost YPF's oil and gas volumes in the second half of 2026.

Operating across the hydrocarbon value chain, Ecopetrol serves as Colombia’s leading integrated energy company. EC anticipates achieving production of 730,000-740,000 Boe/d in 2026, and plans to maintain this output between 700,000 and 750,000 Boe/d through 2040.

Please see below information about transactions made under the second tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

Date on which the buy-back tranche was announced: 6 May 2026.

The duration of the buy-back tranche: 19 May to no later than 20 July 2026.

Further information on the tranche can be found in the stock market announcement on its commencement dated 6 May 2026, available here: https://newsweb.oslobors.no/message/672447

From 15 June to 19 June 2026, Equinor ASA has purchased a total of 369,300 own shares at an average price of NOK 319.6242 per share.

Overview of transactions:

DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK)     15 JuneOSE    CEUX    TQEX        16 JuneOSE90,500322.774429,211,083.20 CEUX    TQEX        17 JuneOSE90,500322.038029,144,439.00 CEUX    TQEX        18 JuneOSE92,800315.279929,257,974.72 CEUX    TQEX        19 JuneOSE95,500318.573030,423,721.50 CEUX    TQEX        Total for the periodOSE369,300319.6242118,037,218.42 CEUX    TQEX        Previously disclosed buy-backs under the trancheOSE1,469,068353.7620519,700,463.85CEUX   TQEX   Total1,469,068353.7620519,700,463.85     Total buy-backs under the tranche (accumulated)OSE1,838,368346.9043637,737,682.27CEUX   TQEX   Total1,838,368346.9043637,737,682.27 Following completion of the above transactions, Equinor ASA owns a total of 67,143,549 own shares, corresponding to 2.63% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 56,637,664 own shares, corresponding to 2.22% of the share capital).

This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact details:

Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 918 01 791

Media
Sissel Rinde, vice president Media Relations,
+47 412 60 584

Detailed overview of transactions

In the latest close session, OneSpan (OSPN - Free Report) was down 3.72% at $13.73. The stock's change was less than the S&P 500's daily loss of 1.22%. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq depreciated by 1.35%.

Prior to today's trading, shares of the internet security company had gained 14.17% outpaced the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.

Investors will be eagerly watching for the performance of OneSpan in its upcoming earnings disclosure. The company is expected to report EPS of $0.25, down 26.47% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $57.75 million, indicating a 3.49% decrease compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.23 per share and revenue of $246.53 million, which would represent changes of -17.45% and +1.38%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for OneSpan. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.51% higher within the past month. Right now, OneSpan possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, OneSpan is currently exchanging hands at a Forward P/E ratio of 11.59. This expresses a discount compared to the average Forward P/E of 18.64 of its industry.

It's also important to note that OSPN currently trades at a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.03.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 36% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

“Try adding some tech growth to your portfolio.”

That was a suggestion I received last week. The reality is that “tech growth” is pretty much a double negative for dividend investors.

When a company has earnings, it can really only do three things with it:

Save it as cash for a rainy day Invest it back into the business Share it with the business owners, aka shareholders By design, a company in its growth phase shouldn’t be paying much or any dividend. It should be reinvesting its available cash back into the business. This is true no matter what sector the company operates in.

Growth = Reinvest earnings

Tech companies, no matter how mature, should also be heavily reinvesting into their business. This is the only way to stay ahead of their competitors.

Unfortunately, if earnings are needed for reinvestment, they cannot be paid to shareholders as dividends. For us dividend investors, there is the added headwind that growth stocks tend to trade at a premium valuation. That makes the yield even smaller!

So, in most cases when you see a tech growth company with a decent dividend, it’s actually a red flag. You might be able to collect that dividend for a short period of time, but the odds are it’s going to end up getting cut.

A Cautionary Tale Intel Corp. (INTC) is a great example of how this tradeoff works.

The semiconductor giant paid a quarterly dividend for 32 consecutive years. Then in 2023, management slashed the dividend from $0.365 to $0.125. Just over a year later the dividend was suspended completely.

So, what happened?

Intel had underinvested in its manufacturing process for years. This allowed Taiwan Semiconductor (TSMC) and Advanced Micro Devices (AMD) to leapfrog right over them technologically. The performance of AMD’s Ryzen and EPYC chips edged ahead of Intel’s in both the consumer and data center markets.

The loss of leadership in the chip market caused Intel’s revenues to collapse.

Intel responded in 2021 with its IDM 2.0 strategy to rebuild its foundry business. It required tens of billions of dollars that simply couldn’t be funded while also paying a dividend.At the end of the day, there would have been no need to rebuild its business had it kept up with reinvestments in the first place.

When The Opportunity Is There, We’ll Take It If you look at mainstream lists of tech growth stocks, you’ll be hard pressed to find a dividend yield over 1%.

Broadcom (AVGO) is one of the standout dividend payers in tech growth. It has raised its dividend for 15 consecutive years, but its yield is just 0.7%.

Nvidia (NVDA) just increased its quarterly dividend from $0.01 to $0.25, but that’s still just 0.4%.

Most companies are like Palantir (PLTR) which doesn’t pay a dividend and ploughs everything back into growth.

However, I’m always on the hunt for technology opportunities wherever I can find them.

Back in 2023, my Essential Income readers grabbed shares of International Business Machines (IBM) when they yielded over 5%. We scored a quick gain of 42% in just 11 months.

In 2024, we picked up exchange traded 8.375% senior notes issued by Synchronoss Technologies. The company provides white label cloud storage solutions to telecom companies. The notes were redeemed early and we snagged an 18.2% gain in less than a year.

Then in March of this year, Essential Income readers got into OneSpan Inc. (OSPN). The company is a leader in digital identity and anti-fraud solutions for banking, financial services, and healthcare companies. Shares had been unfairly beaten down after earnings were revised lower and the broader sell-off in software companies.

We got in at $10.63 for a great yield of 4.89%. This is a shorter-term position in our Opportunity Portfolio. We’ll keep collecting our dividends as the company’s transitional period unfolds, which is already playing out. In less than three months, shares are up 33.9%, dropping today’s yield to just 3.7%.

If you want to add tech dividends to your portfolio, you have to get a little creative. Check for preferred shares or exchange traded senior notes that have fixed payments. And always watch for shares being unfairly punished by investor fears that will surely pass.

I may not talk about the tech sector very often, but I regularly monitor it for opportunities when they pop up.

For more income, now and in the future,

Kelly Green

Originally published June 17, 2026

For more news, information, and strategy, visit ETF Trends.

Key Takeaways Klarna will add Pay in Full and installment payments to Bolt rides and scooter trips in four markets.Klarna gains exposure to Bolt's 200M customers, expanding beyond retail and e-commerce.KLAR reported Q1 2026 active consumers up 21% and GMV up 33%, supporting growth efforts. Klarna Group plc (KLAR - Free Report) is expanding into mobility through a new partnership with Bolt, a leading European shared mobility platform. Per the agreement, Klarna’s payment options will be integrated directly into the Bolt app, allowing users in Sweden, Germany, Finland and Norway to pay for car rides and scooter trips using Klarna’s “Pay in Full” feature or customized monthly installment plans. Using secure tokenization, riders can link accounts once for seamless automated billing on future trips. The rollout is expected to wrap up across these markets by late June 2026.

The partnership extends Klarna’s reach beyond its traditional retail and e-commerce roots into transportation services. By embedding its payment solutions into a service consumers use regularly, Klarna can become a larger part of customers’ daily spending habits while expanding its reach through Bolt’s network of more than 200 million customers across 50 countries.

The move aligns with Klarna’s strategy of increasing payment frequency and driving engagement beyond online shopping. Mobility services are particularly attractive because they generate recurring transactions and encourage repeat usage. Integrating Klarna into the Bolt app will also increase its visibility among millions of users across Europe.

The partnership supports Klarna’s efforts to diversify its revenue base. Klarna entered the deal with strong momentum, as active consumers rose 21% year over year to 119 million and Gross Merchandise Volume (GMV) increased 33% in first-quarter 2026. While the initiative is unlikely to have a material near-term financial impact, it strengthens Klarna’s long-term growth strategy and expands its presence across consumer transactions.

How Are Competitors Faring?While Klarna is expanding into everyday mobility payments, other payment companies like Affirm Holdings, Inc. (AFRM - Free Report) and Visa Inc. (V - Free Report) are finding new ways to grow by tapping into travel and AI-driven commerce.

Affirm expanded its partnership with Royal Caribbean, bringing buy now, pay later (BNPL) options to cruise bookings in the United Kingdom and Canada. Affirm also strengthened its presence in the travel sector through broader integrations, reflecting its efforts to move beyond traditional retail purchases.

Visa recently integrated its payment capabilities into ChatGPT, allowing AI agents to securely complete purchases using tokenized credentials. The move highlights Visa's growing focus on AI-powered commerce and its efforts to make digital payments more seamless across emerging platforms.

KLAR’s Price Performance, Valuation & EstimatesShares of KLAR have lost 34.9% year to date compared with the industry’s decline of 16.7%.

Image Source: Zacks Investment Research

From a valuation standpoint, KLAR trades at a forward price-to-sales ratio of 1.46X, down from the industry average of 4.72X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KLAR’s 2026 earnings is pegged at 4 cents per share, implying a 105.06% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

KLARcurrently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Copa Today

$158.32 +6.39 (+4.21%)

As of 10:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$104.33▼

$157.00Dividend Yield4.32%

P/E Ratio9.26

Price Target$168.91

Copa Holdings NYSE: CPA is an airline stock with structural advantages, placement, and capital returns that make it a nearly perfect investment. Its positioning is as a leading Latin American service provider, offering emerging-market exposure in the critical infrastructure and services play; its structural advantage is a hub-and-spoke footprint centered on The Hub of the Americas. The Hub of the Americas is the company’s headquarters at Tocumen International Airport, a centralized location that enables ultra-efficient operations across the system.

The setup enables the region's leading service record and the #2 record globally, with an average on-time rate of about 90% and completion rates trending in the 99% range. In addition to the hub-and-spoke setup, Tocumen boasts a centralized location for quick connections, connections further enhanced by terminal placement. Passengers don’t have to worry about customs or transit when transitioning from one flight to the next. In addition, the company operates a single-type fleet, further controlling costs by limiting maintenance hassles, training needs, and parts inventory.

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Copa Holdings Accelerates Growth in Q1 2026Copa Holdings had a strong Q1, with revenue growing by 17% to just over $1 billion, evidence of its strength. The top line exceeded MarketBeat’s reported consensus by a wide margin, accelerating from the prior quarter and year due to increases in capacity and demand. The bullish detail is that passenger traffic increased by 15% on a 14% increase in capacity, helping to drive margin strength, further compounded by improved revenue per mile.

Margin news is also strong. The company managed to widen its operating and net margins despite higher costs, particularly fuel costs. GAAP earnings grew at an accelerated 20.5% pace, exceeding the consensus estimate by 73 cents or nearly 1650 basis points (bps). Looking ahead, the company issued a cautious Q2 forecast, citing fuel cost headwinds, but remained positive for the year, forecasting 17% revenue growth.

Bullish Cash Flow and Capital Return Outlook Drive CPA Price ActionCopa Dividend PaymentsDividend Yield4.49%

Annual Dividend$6.84

Dividend Increase Track Record2 Years

Annualized 5-Year Dividend Growth51.76%

Dividend Payout Ratio39.88%

Recent Dividend PaymentJun. 15

CPA Dividend History

Copa Holdings' highly efficient business enables a healthy cash flow and capital returns, including dividends and share buybacks. Dividends are approximately 40% of earnings and reliable in 2026, yielding approximately 4.5% with shares trading near historically high levels.

Distribution increases are expected, given the revenue and growth outlook, and will likely continue at a robust, double-digit pace in the upcoming years. Share buybacks are less aggressive but provide value, reducing the count by an average of 0.3% over the trailing 12 months (TTM).

Institutional activity is mixed, with the balance bullish but relatively flat on a trailing 12-month basis as of mid-year. However, they provide solid support, owning about 70% of the shares, and the analysts are more bullish.

MarketBeat reveals increasing coverage, firming sentiment, and rising price targets, with a consensus Buy rating and a forecast for fresh all-time highs. Short interest does not appear to be an issue. It is slightly elevated at around 4% but not alarming, more likely linked to hedging activities than outright bearish behavior.

Copa Holdings Advances: Approaches Critical ThresholdCopa Holdings’ price action is bullish in Q2. The market is advancing and on track to test resistance at the existing all-time high. Bullish signals in the MACD and stochastic suggest the restest will come soon, potentially by year’s end, and new highs are possible. Setting new highs will be significant, as they will be the first fresh highs in over a decade, opening the door to a much larger movement.

In this scenario, the base case is worth the dollar value of the existing trading range, which runs from $120. A move to $280 is possible, assuming a fresh high is set. If not, CPS shares may remain range-bound indefinitely, but that is not expected, given the growth and capital return outlook.

Copa Holdings' business is supported by robust demand in a major emerging market region. Latin America is a leading growth pillar internationally, driven by industrialization and middle-class expansion, which are fueling demand for business and leisure travel. Consistent capital returns are expected over time. The biggest risk for Copa is geopolitical. Not only can conflicts outside the region impair travel demand, but internal issues could disrupt business. Numerous international agreements enable easy, free-flowing traffic among many of the nations served.

Copa Holdings’ balance sheet is not among its risks. The company maintains low leverage and ample cash, which equates to 40% of TTM revenue as of the end of Q1. The likely outcome is that Copa Holdings will continue to execute its strategy, investing in growth while returning capital to investors.

Should You Invest $1,000 in Copa Right Now?Before you consider Copa, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copa wasn't on the list.

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Unlock the timeless value of gold with our exclusive 2026 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

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BitMine Immersion Technologies Today

BMNR

BitMine Immersion Technologies

$14.73 -0.40 (-2.67%)

As of 10:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$3.92▼

$161.00Dividend Yield0.07%

Price Target$34.50

BitMine Immersion Technologies NYSE: BMNR is deliberately weaponizing capital structure. Retail and institutional investors watched BitMine Immersion contract 15% from late-May highs, sending it down to $16 and below a $21.67 calculated book value. Surface-level market mechanics point to an obvious culprit behind the price action.

BitMine recently priced and listed a massive preferred stock offering, creating an immediate yield liability that triggered an algorithmic repricing of its common shares. Look beneath the immediate volatility, and a completely different narrative emerges.

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BitMine is executing a relentless accumulation strategy branded as the Alchemy of 5%, an explicit mandate to corner 5% of the total global Ethereum supply.

Refining a Mispriced Capital StructureManagement recently finalized the purchase of an additional 76,881 tokens, bringing the BitMine Immersion Technologies treasury to 5.62 million Ethereum (ETH). Total treasury assets, blending digital holdings with cash and marketable securities, now sit at $10.4 billion against a market capitalization of $9 billion. The market is drastically mispricing this transition. Wall Street continues to value BitMine as a passive tracker fund burdened by a newly issued dividend, entirely missing the internal cash flows that are transforming it into foundational, self-funding blockchain infrastructure.

Liquid Gold: Engineering Perpetual YieldUnderstanding the current pricing dislocation requires a hard look at the newly minted 9.50% Series A Perpetual Preferred Stock. The issuance raised $273.8 million, earmarked for accelerating the token-acquisition mandate at BitMine Immersion Technologies. The board officially declared the initial cash dividends on these preferred shares, thereby cementing a fixed cost of capital into BitMine's financial profile.

Traditional financial models view a 9.50% perpetual yield drag as highly dilutive to common shareholders, especially when the underlying asset is non-productive gold or heavily regulated fiat. Retail investors see the dividend liability and sell their BitMine shares. Institutional bears short BitMine to arbitrage the yield against spot token prices.

Both groups fundamentally misunderstand the mechanics of modern digital treasuries. The Ethereum network operates on a Proof-of-Stake consensus model, meaning token holders can actively deploy assets to secure the network in exchange for programmatic yield.

Through the proprietary Made in America VAlidator Network, BitMine currently has 4.71 million tokens actively staked. This active deployment generates an estimated $289 million in annualized staking revenues. Because the underlying protocol burns base transaction fees, the supply of Ethereum structurally deflates during periods of high on-chain activity. BitMine captures both the programmatic staking yield and the asset's mathematical scarcity.

The internal cash flow generated by the underlying assets fully offsets the dividend requirement of the Series A Preferred stock. BitMine essentially secured $273.8 million in zero-net-cost leverage to continue sweeping the spot market. Internal capital formation services the debt and compounds the token acquisitions, rendering the conventional bearish thesis mathematically flawed.

Fool's Gold: The Bear Trap at Book ValueThe misunderstanding of these yield dynamics created a precarious setup for short sellers. Short interest recently spiked to 26.53 million shares, representing roughly 4.67% of the total float. Retail and institutional bears are attempting to squeeze a profit out of the perceived dividend drag, shorting BitMine Immersion Technologies while waiting for the net asset value premium to collapse. Attempting to short an asset that operates as a highly liquid derivative of a volatile digital ecosystem carries immense structural risk.

BitMine routinely transacts over $550 million in daily dollar volume, securing a rank among the top 200 most actively traded U.S. equities. Sustained liquidity at this tier mandates inclusion in mid-cap and broad-market indices. Passive index funds and crypto-adjacent exchange-traded funds face a mechanical requirement to accumulate BitMine to meet market-cap-weighting requirements. This forced institutional indexing collides directly with entrenched institutional support. Heavy volume ownership remains steady among major players like Sumitomo Mitsui Trust Group, Weiss Asset Management, and Galaxy Digital. Cathie Wood's ARKK fund recently trimmed its allocation following a localized net asset value spike, but this reflects standard portfolio rebalancing rather than an outright exit from BitMine.

Meanwhile, Chairman Thomas Lee and other insiders maintain continuous open-market acquisition schedules, systematically utilizing capital from BitMine during spot price pullbacks. If the underlying digital asset experiences a sudden upward revaluation, the algorithmic buying pressure from passive index funds will force short sellers to simultaneously cover their 26.53 million shares. The convergence of forced indexing, continuous spot acquisitions, and a self-funding treasury creates a textbook powder keg at the current $16.20 price level.

Heavy Metallurgy: Venturing Outside EthereumThe broader investment community mistakenly categorizes BitMine Immersion Technologies purely as a passive proxy adapted for a different blockchain network. The balance sheet leverage extends far beyond pure digital asset accumulation, positioning BitMine as an active, diversified holding entity that bridges traditional finance and generative artificial intelligence (AI). BitMine recently co-led a $125 million institutional commitment into Eightco Holdings NASDAQ: ORBS alongside ARK Invest. Eightco Holdings specializes in enterprise artificial intelligence, providing a logical physical infrastructure overlap with BitMine's legacy cooling hardware.

BitMine also maintains a $200 million private stake in Beast Industries, securing asymmetrical upside in emerging digital media ecosystems. These venture allocations represent highly strategic deployments of excess treasury liquidity, building out a diversified technology portfolio that purely passive tracker funds simply cannot replicate.

The Made in America VAlidator Network platform highlights the most critical infrastructure pivot. The network scaled far beyond internal corporate staking requirements and is actively positioning itself as a premier institutional staking destination. By opening validator infrastructure to third-party capital, BitMine transitions from a passive corporate wallet into a critical, revenue-generating service provider for the broader digital economy.

Casting the Future of Yield GenerationLegacy financial ratios highlight a complete operational pivot. BitMine printed $6.09 million in legacy immersion hardware sales over the trailing 12 months, generating a seemingly impossible price-to-sales multiple of 1,500x. The market effectively zeroed out the hardware manufacturing business, valuing BitMine solely on a $10.4 billion net asset value.

The strategy is clear, mathematically sound, and aggressively executed. BitMine secured cheap capital through a preferred stock issuance, neutralized the associated yield liability using native network staking revenues, and deployed the leverage to expand a dominant position in the global digital asset supply.

Investors seeking exposure to the ongoing integration of digital assets and traditional finance might want to add BitMine to their watchlists as the market continues to digest its transition into a self-funding infrastructure powerhouse.

Should You Invest $1,000 in BitMine Immersion Technologies Right Now?Before you consider BitMine Immersion Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitMine Immersion Technologies wasn't on the list.

While BitMine Immersion Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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, /PRNewswire/ -- (NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.1056 on the Company's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), which is listed on the New York Stock Exchange under the trading symbol "BMNP".

The dividend will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The dividend will be paid on July 10, 2026 to holders of record of the Series A Preferred Stock as of the close of business on June 30, 2026.

About Bitmine

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:

https://x.com/bitmnr
https://x.com/fundstrat

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding the Company's dividend payments on the Series A Preferred. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

SOURCE Bitmine Immersion Technologies, Inc.

, /PRNewswire/ -- (NYSE : BMNR ; BMNP) Bitmine Immersion Technologies, Inc. (« Bitmine » ou la « société ») annonce aujourd'hui que son conseil d'administration a déclaré un dividende en espèces de 0,1056 $ sur les actions privilégiées perpétuelles de série A à 9,50 % de la société (les « actions privilégiées de série A »), cotées à la Bourse de New York sous le mnémo « BMNP ».

Le dividende sera versé en espèces conformément aux dispositions du certificat de désignation régissant les actions privilégiées de série A. Le dividende sera versé le 10 juillet 2026 aux détenteurs des actions privilégiées de série A inscrits au registre des actionnaires à la clôture des marchés le 30 juin 2026.

À propos de Bitmine

Bitmine (NYSE : BMNR) est une société de minage de Bitcoin opérant aux États-Unis. L'entreprise déploie son capital excédentaire pour devenir la première société de trésorerie Ethereum au monde, mettant en œuvre une stratégie d'actifs numériques innovante pour les investisseurs institutionnels et les acteurs du marché public. Guidée par sa philosophie de « l'Alchimie des 5 % », l'entreprise s'est engagée à faire de l'ETH son principal actif de réserve de trésorerie, s'appuyant sur des activités natives au niveau du protocole, y compris le staking et des mécanismes de financement décentralisés. L'entreprise a lancé MAVAN (Made-in America VAlidator Network), une infrastructure de staking dédiée aux actifs de Bitmine, en 2026.

Pour en savoir plus, rendez-vous sur X :

https://x.com/bitmnr
https://x.com/fundstrat

Déclarations prospectives

Le présent communiqué de presse contient des déclarations qui constituent des déclarations prospectives au sens du Private Securities Litigation Reform Act de 1995. Les déclarations contenues dans le présent communiqué de presse qui ne sont pas purement historiques sont des déclarations prospectives qui impliquent des risques et des incertitudes. Ces déclarations prospectives peuvent être identifiées par des termes tels que « s'attendre à », « projeter », « avoir l'intention de », « croire », « anticiper », « estimer » et d'autres expressions similaires. Le présent document contient notamment des déclarations prospectives concernant le versement par la société de dividendes sur les actions privilégiées de série A. Pour évaluer ces déclarations prospectives, vous devez tenir compte de divers facteurs, notamment : la capacité de Bitmine à financer ses activités actuelles, ses opérations de trésorerie liées à l'Ethereum et ses projets d'activités futures ; les conditions de marché influant sur le cours des actions ordinaires et des actions privilégiées de série A de la société ; les évolutions réglementaires concernant les actifs numériques, y compris l'adoption et la mise en œuvre définitives des projets de loi en cours et des initiatives de la SEC ; la volatilité et l'imprévisibilité des prix des actifs numériques ; les performances, la fiabilité et la sécurité des opérations de staking de la société ; et la valeur future du Bitcoin et de l'Ethereum. Les performances et résultats réels futurs peuvent différer de manière significative de ceux exprimés dans les déclarations prospectives. Les déclarations prospectives sont soumises à de nombreuses conditions, dont beaucoup sont hors du contrôle de Bitmine, y compris celles énoncées dans la section « Risk Factors » du formulaire 10-K déposé par Bitmine auprès de la SEC le 21 novembre 2025, ainsi que dans tous les autres documents déposés auprès de la SEC, tels que modifiés ou mis à jour de temps à autre. Des copies des documents déposés par Bitmine auprès de la SEC sont disponibles sur son site web à l'adresse suivante : www.sec.gov. Bitmine ne s'engage pas à mettre à jour ces déclarations pour tenir compte des révisions ou changements intervenus après la date de ce communiqué, sauf si la loi l'exige.

, /PRNewswire/ -- (NYSE: BMNR; BMNP) Bitmine Immersion Technologies, Inc. ('Bitmine' of het 'bedrijf') heeft vandaag bekendgemaakt dat de raad van bestuur een contant dividend van 0,1056 dollar heeft vastgesteld op de 9,50% eeuwigdurende preferente aandelen van serie A van het bedrijf (de 'preferente aandelen van serie A'), die genoteerd zijn aan de New York Stock Exchange onder het tickersymbool 'BMNP'.

Het dividend zal contant worden uitgekeerd overeenkomstig de voorwaarden van het certificaat van aanwijzing dat van toepassing is op de preferente aandelen van serie A. Het dividend zal op 10 juli 2026 worden uitgekeerd aan houders die bij het sluiten van de handel op 30 juni 2026 als aandeelhouder van de preferente aandelen van serie A geregistreerd staan.

Over Bitmine

Bitmine (NYSE: BMNR) is een Bitcoin-miner met activiteiten in de Verenigde Staten. Het bedrijf zet zijn overtollige kapitaal in om wereldwijd het toonaangevende Ethereum-treasurybedrijf te worden en implementeert daarbij een innovatieve strategie voor digitale activa voor institutionele beleggers en deelnemers aan de publieke kapitaalmarkten. Gedreven door zijn filosofie van 'the alchemy of 5%' zet het bedrijf ETH in als zijn primaire treasuryreserveactief, waarbij het gebruikmaakt van activiteiten op protocolniveau, waaronder staking en mechanismen voor gedecentraliseerde financiering. Het bedrijf heeft in 2026 MAVAN (Made-in America VAlidator Network) gelanceerd, een speciale stakinginfrastructuur voor Bitmine-activa.

Voor meer informatie via X:

https://x.com/bitmnr
https://x.com/fundstrat

Toekomstgerichte verklaringen

Dit persbericht bevat verklaringen die kunnen worden aangemerkt als 'toekomstgerichte verklaringen' in de zin van de Private Securities Litigation Reform Act van 1995. De verklaringen in dit persbericht die niet louter historisch van aard zijn, zijn toekomstgerichte verklaringen die risico's en onzekerheden met zich meebrengen. Deze toekomstgerichte verklaringen kunnen worden herkend aan termen zoals 'verwacht', 'voorziet', 'is voornemens', 'gelooft', 'anticipeert', 'schat' en vergelijkbare uitdrukkingen. Dit document bevat specifiek toekomstgerichte verklaringen met betrekking tot de dividenduitkeringen van het bedrijf op de preferente aandelen van serie A. Bij het evalueren van deze toekomstgerichte verklaringen dient u rekening te houden met verschillende factoren, waaronder: het vermogen van Bitmine om zijn huidige activiteiten, Ethereum-treasury-activiteiten en voorgestelde toekomstige activiteiten te financieren; marktomstandigheden die van invloed zijn op de handelsprijs van de gewone aandelen en de preferente aandelen van serie A van het bedrijf; ontwikkelingen in de regelgeving die van invloed zijn op digitale activa, met inbegrip van de uiteindelijke vaststelling en uitvoering van aanhangige wetgeving en SEC-initiatieven; de volatiliteit en onvoorspelbaarheid van de prijzen van digitale activa; de prestaties, betrouwbaarheid en veiligheid van de stakingactiviteiten van het bedrijf; en de toekomstige waarde van Bitcoin en Ethereum. De daadwerkelijke toekomstige prestaties en resultaten kunnen wezenlijk afwijken van hetgeen wordt vermeld in toekomstgerichte verklaringen. Toekomstgerichte verklaringen zijn onderhevig aan talrijke factoren, waarvan vele buiten de macht van Bitmine liggen, waaronder die welke zijn uiteengezet in de sectie 'Risicofactoren' van Form 10-K van Bitmine dat op 21 november 2025 is ingediend bij de SEC, evenals alle andere SEC-indieningen, zoals van tijd tot tijd gewijzigd of bijgewerkt. Kopieën van SEC-indieningen van Bitmine zijn beschikbaar op de website van de SEC: www.sec.gov. Bitmine neemt geen verplichting op zich om deze verklaringen te actualiseren na de datum van dit persbericht, behalve voor zover wettelijk vereist.

Samenstelling van de kas van Eightco op 18 juni 2026: 90 miljoen dollar aan OpenAI-aandelen (indirect), 18 miljoen dollar aan aandelen in Beast Industries, 16.278 ETH, 283 miljoen WLD-activa en 149 miljoen dollar aan liquide middelen en kasequivalenten, goed voor een totale waarde van ongeveer 472 miljoen dollar

OpenAI heeft aangekondigd dat het een vertrouwelijke S-1 heeft ingediend om zich voor te bereiden op een eerste beursgang

World biedt een oplossing voor het probleem van dubbele menselijke identiteit in een wereld die overspoeld wordt door deepfakes

Eightco biedt indirecte blootstelling aan enkele van de meest innovatieve private bedrijven, waaronder OpenAI en Beast Industries.

, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ('Eightco' of het 'Bedrijf') heeft vandaag een update gegeven over zijn totale activa, waarbij zijn groeiende positie in digitale activa en strategische investeringen in toonaangevende private technologiebedrijven wordt benadrukt.

Op 17 juni 2026 om 19:30 uur (ET) omvatten de activa van ORBS een investering van 90 miljoen dollar (indirect, via SPV's) in OpenAI, een gefinancierde investering van 18 miljoen dollar in Beast Industries, een investering van 1 miljoen dollar in Mythical Games, 283.452.700 Worldcoin (WLD) tegen 0,66 dollar per WLD (volgens Coinbase), 16.278 Ethereum (ETH) en ongeveer 149 miljoen dollar aan liquide middelen en stablecoins, wat neerkomt op totale bezittingen van ongeveer 472 miljoen dollar.

Belangrijkste ontwikkelingen van dit moment:

Het management van ORBS is van mening dat de treasuryportefeuille van het Bedrijf enkele van de meest essentiële bouwstenen bevat voor het toekomstige AI- en digitale financiële systeem. Binnen de portefeuille springen de volgende ontwikkelingen van de afgelopen week eruit:

Onlangs kondigde SpaceX een overname van Cursor voor 60 miljard dollar aan om zijn AI-software en coderingskwaliteiten te versterken via zijn AI-divisie. Cursor is een van de snelst groeiende AI-coderingsplatformen en is uitgegroeid tot een belangrijk AI-product voor ondernemingen. Deze overname versterkt nog steeds de belangstelling van investeerders voor AI-infrastructuur en productiviteitssoftware (Reuters). Deze week brak MrBeast een ander record door 500 miljoen abonnees op Youtube te bereiken en werd hij de eerste maker die deze mijlpaal bereikte (TheWrap). "AI-bedrijven die naar de beurs gaan, zijn een positieve ontwikkeling voor de hele sector. Naarmate beleggers meer blootstelling krijgen aan AI-leiders, breidt de interesse zich vaak uit over het ecosysteem, waardoor meer zichtbaarheid en kansen worden gecreëerd voor bedrijven zoals ORBS, "zei Thomas" Tom "Lee, bestuurslid van Eightco.

Eightco: Blootstelling aan belangrijke megatrends

Eightco is opgebouwd rond drie megatrends waarvan het bedrijf verwacht dat ze het komende decennium van innovatie zullen bepalen: kunstmatige intelligentie, digitale identiteit en de economie van contentcreators. Het bedrijf heeft posities in elk van deze trends via indirecte investeringen in OpenAI (19% van de treasury van ORBS), Worldcoin (39%) en Beast Industries (4%).

Kunstmatige intelligentie (OpenAI)

Eightco heeft ongeveer 90 miljoen dollar geïnvesteerd in speciale investeringsvehikels met blootstelling aan aandelenbelangen in het moederbedrijf van OpenAI. Dit vertegenwoordigt circa 19% van de treasury-activa, een van de hoogste gerapporteerde concentraties onder beursgenoteerde entiteiten.

De consumentenapp ChatGPT van OpenAI is wereldwijd de nummer 1 onder de AI-apps voor consumenten (Sensor Tower) en overschreed in februari 2026 de grens van 900 miljoen wekelijkse actieve gebruikers, waarmee het de snelst groeiende consumententechnologie ooit werd (UBS via Reuters).

Digitale identiteit: WLD-token

Eightco bezit meer dan 283 miljoen WLD, goed voor ongeveer 8,3% van het circulerende aanbod. Dit is de grootste publiek gerapporteerde institutionele positie wereldwijd en vertegenwoordigt ongeveer 39% van de treasury-activa van Eightco.

Worldcoin is het native token van World, een wereldwijd Proof of Human-netwerk gebouwd door Tools for Humanity (mede opgericht door Sam Altman en Alex Blania) en beheerd door de World Foundation. De Orb-apparaten geven een privacybeschermende World ID uit die verifieert dat een gebruiker een uniek persoon is, geen AI-agent.

Volgens het aangekondigde businessmodel van World betalen applicaties kosten per verificatie, terwijl verificatie voor eindgebruikers gratis blijft. Zowel uitgevers van inloggegevens als het World-protocol genereren inkomsten uit verificatie van echte personen. Volgens Tools for Humanity vertegenwoordigt World een totale adresseerbare omzetkans van 6,35 biljoen dollar in 13 sectoren, waaronder bankwezen, e-commerce, gaming, sociale media en agentische AI.

Creator-economie: Beast Industries

Eightco heeft 18 miljoen dollar geïnvesteerd in aandelen van Beast Industries, goed voor ongeveer 4% van de activa.

Beast Industries beschikt over een van de grootste consumentenpublieken ter wereld, met een gecombineerde volgersbasis van meer dan 500 miljoen over verschillende platformen, gedragen door MrBeast als de meest bekeken persoon op YouTube wereldwijd. Naarmate AI de productie van content steeds meer tot een standaardproduct maakt, worden distributie en het vertrouwen van het publiek steeds schaarser wordende activa.

Over Eightco Holdings Inc.

Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde hmaatschappij die een unieke treasurystrategie rond Worldcoin (WLD) uitvoert en beleggers via één ticker indirecte blootstelling biedt aan drie bepalende trends van deze cyclus: artificiële intelligentie via de indirecte investering in OpenAI, digitale identiteit via zijn positie als grootste publieke houder van WLD en het 'Proof of Human'-protocol, en de economie van contentcreators via zijn aandelenbelang in Beast Industries van MrBeast. Ondersteund door toonaangevende institutionele investeerders, waaronder Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Kraken (Payward), Pantera Capital en GSR, bouwt Eightco aan de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI.

Voor meer informatie:
X: @iamhuman_orbs
Website: 8co.holdings

Veelgestelde vragen

Wat is een ORBS-aandeel?

Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde maatschappij op de Nasdaq. ORBS biedt indirecte blootstelling aan: OpenAI en Beast Industries.

Wie bezit de meeste Worldcoin (WLD)?

Eightco Holdings (NASDAQ: ORBS) bezit 283 miljoen WLD, goed voor ongeveer 8,3% van het circulerende aanbod en de grootste publiek gerapporteerde institutionele positie wereldwijd.

Wat is 'Proof of Human'?

'Proof of Human' is cryptografische verificatie dat een gebruiker een unieke, levende persoon is, geen bot of AI-agent. Het vormt fundamentele infrastructuur voor sociale netwerken, bankdiensten, agentische handel en elk systeem dat 'één persoon, één account' vereist in het tijdperk van agentische AI.

Hoe verhoudt Eightco (ORBS) zich tot Proof of Human?

Eightco Holdings (NASDAQ: ORBS) is de grootste publiek gerapporteerde institutionele houder van Worldcoin (WLD), het token dat het 'Proof of Human'-netwerk van World aandrijft.

Wie is de CEO van Eightco Holdings?

Kevin O'Donnell is de CEO van Eightco Holdings (NASDAQ: ORBS). De raad van bestuur van het Bedrijf bestaat uit Tom Lee (Managing Partner en Head of Research bij Fundstrat, en voorzitter van Bitmine Immersion Technologies (NYSE: BMNR)) en, als adviseur aan de raad van bestuur, Brett Winton (Chief Futurist bij ARK Invest).

Toekomstgerichte verklaringen

Dit persbericht bevat toekomstgerichte verklaringen in de zin van de Private Securities Litigation Reform Act van 1995. Alle verklaringen in dit persbericht, met uitzondering van verklaringen over historische feiten, kunnen als toekomstgerichte verklaringen worden beschouwd, met inbegrip van, maar niet beperkt tot, verklaringen met betrekking tot: de verwachtingen van de onderneming dat kunstmatige intelligentie, digitale identiteit en de creator-economie het volgende decennium van innovatie zullen vormgeven; de overtuiging van de onderneming dat haar treasury-portefeuille enkele van de meest kritische componenten voor het toekomstige AI- en digitale financiële systeem bevat; verklaringen met betrekking tot het potentieel voor een directe notering of initiële openbare aanbieding van OpenAI na de indiening van een vertrouwelijke S-1; de verklaring van Tom Lee dat AI-bedrijven die naar de beurs gaan een positieve ontwikkeling is voor de hele sector en dat naarmate investeerders meer blootstelling krijgen aan AI-leiders, de interesse zich vaak uitstrekt over het ecosysteem, waardoor meer zichtbaarheid en kansen worden gecreëerd voor bedrijven zoals ORBS; verklaringen over ChatGPT als de snelst schaalende consumententechnologie in de geschiedenis; overtuigingen dat Proof-of-Human-verificatie is essentiële infrastructuur voor sociale netwerken, bankwezen, agentia-handel en financiële systemen in het tijdperk van agentia-AI; verklaringen dat World een oplossing biedt voor het "dubbele menselijke" probleem in een wereld die zich uitbreidt met deepfakes; verklaringen met betrekking tot de adresbare inkomstenmogelijkheid van World van $ 6,35 biljoen in industrieën zoals bankwezen, e-commerce, gaming, sociale media en agentia-AI; verklaringen met betrekking tot de positie van het bedrijf als de grootste openbaar gemaakte institutionele houder van WLD wereldwijd; verklaringen dat het vertrouwen van distributie en publiek steeds schaarser wordt naarmate AI de productie van inhoud verhandelbaar maakt; en verklaringen over het bedrijf dat de infrastructuurlaag voor menselijke verificatie bouwt in het tijdperk van agentic AI. Woorden zoals 'plannen', 'verwacht', 'zal', 'voorziet', 'voortzetten', 'uitbreiden', 'bevorderen', 'ontwikkelen', 'gelooft', 'vooruitzichten', 'doelstelling', 'kan', 'blijven', 'projecteren', 'van plan zijn', 'schatten', 'zou kunnen', 'zou moeten' en andere woorden en termen met een vergelijkbare betekenis of strekking zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen dergelijke termen bevatten. Toekomstgerichte verklaringen zijn gebaseerd op de huidige overtuigingen en aannames van het management, die onderhevig zijn aan risico's en onzekerheden, en vormen geen garantie voor toekomstige prestaties. De werkelijke resultaten kunnen wezenlijk verschillen van die in een toekomstgerichte verklaring als gevolg van verschillende factoren, waaronder, maar niet beperkt tot: het onvermogen van de vennootschap om het management of de activiteiten van particuliere bedrijven te sturen waar de vennootschap geen controlehoudende aandeelhouder is, waaronder OpenAI en Beast Industries; het risico van verlies of markdown op de strategische investeringen van de vennootschap, waaronder haar indirecte positie in OpenAI-aandelen (behouden via special purpose vehicles), haar positie WLD en haar positie in het eigen vermogen van Beast Industries; het vermogen van de vennootschap om te voldoen aan de eisen van Nasdaq om te blijven noteren; onverwachte kosten, heffingen of uitgaven die de kapitaalbronnen van de vennootschap verminderen of de inzet van kapitaal anderszins vertragen; het onvermogen om voldoende kapitaal in te zamelen om haar bedrijfsactiviteiten of strategische investeringen te financieren of op te schalen; volatiliteit van de prijzen van digitale activa, waaronder WLD en ETH, die de waarde van de schatkist van de vennootschap aanzienlijk kunnen beïnvloeden veranderingen in de regelgeving, toekomstige wetgeving en regelgeving die een negatieve invloed hebben op digitale activa, de invoering van kunstmatige intelligentie of het verzamelen van biometrische gegevens; risico's in verband met de ontwikkeling, invoering en marktacceptatie van Proof-of-Human-technologie en het World-netwerk; onzekerheid over het tempo en het traject van de inzet van agentic AI in bedrijfs- en consumentenapplicaties; onzekerheid over de productroutekaart van OpenAI en de timing of het succes van een beursintroductie of directe notering; gerelateerd aan het vermogen van Beast Industries om haar groeiprojecties te realiseren; concurrentie op de markten voor digitale identiteit en AI-infrastructuur; afhankelijkheid van externe bronnen voor de waardering van bepaalde investeringen; onzekerheid over het voortdurende succes van MrBeast en de prestaties van het creatorgedreven bedrijfsmodel van Beast Industries; risico's gerelateerd aan de geconcentreerde posities van de onderneming in bepaalde digitale activa en investeringen van particuliere bedrijven; en verschuiving van publieke en overheidsrisico's posities op digitale activa of industrieën die verband houden met kunstmatige intelligentie. Gezien deze risico's en onzekerheden wordt u aangeraden niet overmatig te vertrouwen op toekomstgerichte verklaringen. Voor een bespreking van andere risico's en onzekerheden, evenals andere belangrijke factoren die ertoe kunnen leiden dat de feitelijke resultaten van Eightco afwijken van de in dit persbericht opgenomen toekomstgerichte verklaringen, wordt verwezen naar de indieningen van Eightco bij de Securities and Exchange Commission (SEC), waaronder de risicofactoren en andere toelichtingen in het jaarverslag op Form 10-K dat op 15 april 2026 bij de SEC is ingediend, evenals andere openbaar beschikbare SEC-indieningen. Alle informatie in dit persbericht is van kracht per de datum van publicatie. Eightco aanvaardt geen verplichting om deze informatie bij te werken of om publiekelijk de resultaten van eventuele herzieningen van dergelijke verklaringen bekend te maken om toekomstige gebeurtenissen of ontwikkelingen te weerspiegelen, behalve voor zover dit wettelijk vereist is.

New nonprofit research and development lab brings together a group of senior technical contributors from the Ethereum Foundation to ready the network for step-function wave of adoption from institutions, agentic finance and DeFi

Ethlabs to reinforce foundational commitments to credible neutrality, censorship resistance and security

New York, June 22, 2026 (GLOBE NEWSWIRE) -- A coordinated group of Ethereum ecosystem stewards today announced the launch of Ethlabs, an independent, nonprofit research and development organization formed to ready Ethereum for the next phase of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET), Ethereum co-founder Joe Lubin and other key Ethereum ecosystem contributors including Anchorage, Octant and SNZ.

As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum as the neutral, credibly permissionless settlement layer for the global economy. Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require.

Cofounded by five former senior Ethereum Foundation researchers: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, Ethlabs brings together researchers responsible for key contributions to finality, scaling, data availability, the virtual machine and protocol economics — the technologists who have guided the network through its most consequential upgrades over the past decade. This initiative gives that work a dedicated institutional home with stable, long-term funding.

The launch reflects a natural evolution of the Ethereum ecosystem. As the Ethereum Foundation refocuses on its core mandate and embraces a multi-node future, Ethlabs emerges as one of several independent organizations advancing the network in parallel. Ethlabs’ early work will center on what institutions need to move onchain at scale: faster settlement, native issuance and cross-chain movement on robust infrastructure, capacity on mainnet and research that grounds ETH’s monetary properties.

Thomas “Tom” Lee, Chairman of Bitmine. “We believe Ethereum is positioned to grow significantly in adoption by institutions and by AI agents. And naturally, the ecosystem needs to dramatically expand its investment in talent and research to support this growth. The formation of Ethlabs demonstrates that key stakeholders are stepping up to help ensure Ethereum remains a leading platform for decentralized finance. We believe positive momentum is building in the digital asset ecosystem, and initiatives like this strengthen the foundation of the ecosystem as the community works together to advance Ethereum’s next chapter. As a significant institutional participant in the Ethereum ecosystem, Bitmine is excited to help serve as a steward of Ethereum’s long-term growth and support the dedicated builders, researchers and innovators who are helping shape its future.”

Joseph Chalom, Chief Executive Officer of Sharplink. “We are at the beginning of an institutional supercycle on Ethereum, and the researchers behind this organization are the people who will make the network ready to carry it. They have quietly shaped Ethereum for the better part of a decade, and giving their work a stable, independent home is one of the most meaningful contributions we can make to the ecosystem. We hold ETH because we believe in what this network is becoming, and supporting the people advancing it at the protocol level is the clearest way we know to back that conviction. This is what responsible stewardship looks like: using our position to drive the next wave of institutional adoption and to strengthen the foundation the entire onchain economy will be built on. Sharplink is proud to help bring Ethlabs to life, alongside our ecosystem partners.”

Joe Lubin, Ethereum co-founder and founder and Chief Executive Officer of Consensys. “Ethereum is entering its next stage of evolution. We are now poised to recognize and implement the idea that there should be a number of steward nodes of Ethereum, each configured in their unique way to evolve and protect what is sacred about the network and massively grow the world’s appreciation and utilization of it. With support from the Sharplink, Bitmine and many others, Ethlabs is the latest group of EF origin that is externalizing to become a major node of the network of “Responsible Institutions and Stewards of Ethereum”. By providing a long-term, independent home to researchers and developers advancing Ethereum’s core technology and values, Ethlabs will be instrumental in preparing the network for the next major wave of adoption, from institutional finance to agentic commerce, with the scale, security, interoperability and resilience that global institutions require. Today and going forward the Ethereum ecosystem will be further decentralized, enormously stronger with each steward more focused and empowered.”

Ansgar Dietrichs, Executive Director of Ethlabs. "Ethereum is at a pivotal moment. A decade of uninterrupted operation and a track record of credible neutrality have earned it the trust of users and institutions around the world. As blockchain systems move rapidly into mainstream use, the coming years will define the shape of the onchain economy for decades. Ethereum is uniquely positioned to become the shared base layer of that economy, the neutral foundation the broader onchain ecosystem is built on, where users, institutions, and agents can transact and interoperate without intermediation. Ethlabs was created to help Ethereum realize that potential. As longtime contributors to the core protocol, we are establishing an independent non-profit organization to advance Ethereum's core technology and the shared standards and infrastructure builders depend on, and we are excited to carry forward that work at the moment it matters most.”

The funding effort has been organized to preserve Ethlabs independence at every level. Contributions flow through an independent grants administrator that handles screening, valuation and disbursement. Funders provide accountability through transparent quarterly reporting and an independent annual audit, rather than influence over the research agenda. Final decisions on research priorities and technical direction will rest with Ethlabs leadership.

About Bitmine

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

About Sharplink

Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.

About Ethlabs

Ethlabs is an independent, nonprofit research and development lab and ecosystem steward focused on the next era of growth for Ethereum and ETH. It exists to turn Ethereum's unique properties into infrastructure, standards, and outcomes that users, builders, institutions, and asset issuers can rely on. All of its research is published openly. Learn more at ethlabs.org.

Media Contacts
Sharplink: Steven Ehrlich; [email protected]; +1 267 994 3827
Bitmine: Marcy Simon; [email protected]; +1 917 833 3392
Ethlabs: Josh Rudolf, [email protected]

Forward-Looking Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated institutional interest in Ethereum, research focus and technical roadmaps, governance arrangements, grants administration and oversight mechanisms, and treasury and digital-asset strategies. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments or setbacks, the timing and success of research efforts, funding availability, and general economic conditions. Additional risk factors are described in Sharplink’s and Bitmine’s SEC filings at www.sec.gov. Forward-looking statements speak only as of the date of this release, are not guarantees, and neither Sharplink nor Bitmine undertakes any obligation to update them except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or digital asset.

Market history often rewards those who can identify the exact intersection of massive physical capital expenditure cycles before they are fully priced into the markets. Right now, two undeniable structural shifts are reshaping the technology sector.

BitMine Immersion Technologies Today

BMNR

BitMine Immersion Technologies

$14.73 -0.40 (-2.67%)

As of 10:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$3.92▼

$161.00Dividend Yield0.07%

Price Target$34.50

The first is the rapid expansion of high-density artificial intelligence (AI) data centers, which require entirely new thermal management systems. The second is the institutional maturation of proof-of-stake digital assets, requiring massive active network validation.

BitMine Immersion Technologies NYSE: BMNR operates squarely at the crossroads of both industries. While the broader market routinely misprices complex holding structures, a rigorous look at BitMine's balance sheet reveals a highly strategic accumulation vehicle.

Get BMNR alerts:

Driven by compounded staking yields, an expanding enterprise cooling moat, and hidden venture upside, current pricing masks the mechanics of an imminent market re-rating.

The Alchemy of 5%: Cornering the Global Ethereum SupplyTo understand the fundamental mechanics of BitMine Immersion Technologies, you have to look past the distorted headline metrics. BitMine recently reported an eye-watering negative trailing net margin of 51,892%. To an untrained eye, that specific data point suggests severe operational distress. However, digging into the accounting realities reveals a completely different narrative.

BitMine is executing an aggressive strategy dubbed the Alchemy of 5%, aiming to corner a healthy segment of the total circulating Ethereum supply. Following the June 21, 2026, acquisition of 52,203 Ethereum (ETH) tokens for approximately $92 million and a mid-June acquisition of 76,881 ETH, BitMine now holds 5.67 million tokens.

That represents nearly 4.7% of the entire global network. Because BitMine acquired these assets at an average cost basis of roughly $3,440 per token, current spot prices near $1,733 create an unrealized paper loss of $9.32 billion. Under current mark-to-market accounting guidelines, this severely distorts the income statement.

BitMine is intentionally weaponizing capital to fund this accumulation. By issuing shares of 9.50% Series A Perpetual Preferred Stock, BitMine takes on high-cost debt to buy deeply discounted digital assets. The obvious question is how an operation services weekly dividend obligations of $0.1847 per preferred share while sitting on billions in paper losses.

The answer lies in the MAVAN staking platform. BitMine currently stakes 4.72 million ETH tokens, generating a 7-day annualized yield of 2.73%. This active validation service functions as a cash machine, projecting $223 million in annualized revenue. By converting passive digital commodities into active yield generators, BitMine creates the exact liquidity needed to service preferred dividend obligations, allowing BitMine to hold this massive position through current market troughs.

Google Validates the Liquid Cooling MarketBeyond its digital asset treasury, BitMine Immersion Technologies provides proprietary immersion-cooling solutions for digital asset mining and high-performance computing (HPC) systems. On June 16, Google released Brazos, an open-source closed-loop liquid-to-air cooling sidecar system capable of delivering 60kW of cooling capacity per rack.

Some market commentators initially viewed this open-source push as a threat that could commoditize the cooling industry. The reality is far more nuanced. Google's release of this technology effectively declares that legacy air-cooling systems are officially dead for heavy AI workloads. Standard air setups simply cannot manage chipsets that exceed 1,000W of thermal design power. This forces a multibillion-dollar capital expenditure wave of retrofits across the global server footprint.

The Brazos system from Google is a liquid-to-air sidecar, meaning it uses liquid to cool the air blown over the servers. BitMine utilizes proprietary direct-to-chip systems that entirely submerge servers in non-conductive dielectric fluids. This specific technology targets the ultra-high-density tier, offering vastly superior heat extraction.

Google's push for this open-source release validates the urgent macro transition to liquid architectures, effectively doing the heavy lifting of educating the market while leaving the high-margin, enterprise-grade immersion moat of BitMine entirely intact.

Unlocking the Vault: A Nine-Figure Backdoor PlayMost fundamental screens completely miss the strategic venture stakes sitting quietly on Bitmine's balance sheet. Complex portfolios frequently suffer from a sum-of-the-parts discount, in which secondary investments receive no valuation credit from the market.

Tucked into the $10.7 billion total holdings report is a $104 million strategic stake in Eightco Holdings NASDAQ: ORBS. This position offers highly asymmetric backdoor equity exposure to the Sam Altman ecosystem, specifically linking to the infrastructure demands of the Worldcoin digital identity network. As the impending OpenAI IPO begins to dominate institutional bandwidth, any tangential exposure to Altman-founded projects carries an immense valuation halo.

BitMine Immersion Technologies also recently co-funded the launch of Ethlabs alongside Sharplink NASDAQ: SBET and Ethereum co-founder Joe Lubin. This nonprofit initiative, spearheaded by former Ethereum Foundation researchers, serves as a technical tailwind to accelerate institutional adoption of the network. These strategic investments transform BitMine from a dual-threat into a multifaceted infrastructure play.

The Pressure Cooker: Preparing for a Violent Market Re-RatingOverall MarketRank™85th Percentile

Analyst RatingModerate Buy

Upside/Downside128.8% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment-0.01 Insider TradingAcquiring Shares

Proj. Earnings Growth48.28%

See Full Analysis

The tension in the current capital structure is profound. Short interest has ballooned to 26.5 million shares, representing nearly 5% of the outstanding float. Short sellers are betting heavily against the aggressive debt-to-equity mechanics, assuming the preferred stock dividend will eventually crush the balance sheet before digital asset prices recover.

BitMine maintains foundational support from institutional heavyweights such as Bank of America NYSE: BAC, The Royal Bank of Canada NYSE: RY, Cathie Wood's Ark Funds, The Founders Fund, and Pantera, alongside steady insider accumulation. This creates a highly explosive risk-to-reward profile.

The massive short accumulation provides the mechanical framework for a violent upside squeeze should Ethereum spot prices rally or institutional validation metrics shift rapidly. With staking yields successfully holding the line on debt obligations and a verified enterprise cooling moat expanding, cautious investors might want to closely monitor the short interest data and underlying staking revenue heading into the next earnings cycle.

Should You Invest $1,000 in BitMine Immersion Technologies Right Now?Before you consider BitMine Immersion Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitMine Immersion Technologies wasn't on the list.

While BitMine Immersion Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.

"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

Get This Free Report

Market history often rewards those who can identify the exact intersection of massive physical capital expenditure cycles before they are fully priced into the markets. Right now, two undeniable structural shifts are reshaping the technology sector.

BitMine Immersion Technologies Today

BMNR

BitMine Immersion Technologies

$14.73 -0.40 (-2.67%)

As of 10:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$3.92▼

$161.00Dividend Yield0.07%

Price Target$34.50

The first is the rapid expansion of high-density artificial intelligence (AI) data centers, which require entirely new thermal management systems. The second is the institutional maturation of proof-of-stake digital assets, requiring massive active network validation.

BitMine Immersion Technologies NYSE: BMNR operates squarely at the crossroads of both industries. While the broader market routinely misprices complex holding structures, a rigorous look at BitMine's balance sheet reveals a highly strategic accumulation vehicle.

Get BMNR alerts:

Driven by compounded staking yields, an expanding enterprise cooling moat, and hidden venture upside, current pricing masks the mechanics of an imminent market re-rating.

The Alchemy of 5%: Cornering the Global Ethereum SupplyTo understand the fundamental mechanics of BitMine Immersion Technologies, you have to look past the distorted headline metrics. BitMine recently reported an eye-watering negative trailing net margin of 51,892%. To an untrained eye, that specific data point suggests severe operational distress. However, digging into the accounting realities reveals a completely different narrative.

BitMine is executing an aggressive strategy dubbed the Alchemy of 5%, aiming to corner a healthy segment of the total circulating Ethereum supply. Following the June 21, 2026, acquisition of 52,203 Ethereum (ETH) tokens for approximately $92 million and a mid-June acquisition of 76,881 ETH, BitMine now holds 5.67 million tokens.

That represents nearly 4.7% of the entire global network. Because BitMine acquired these assets at an average cost basis of roughly $3,440 per token, current spot prices near $1,733 create an unrealized paper loss of $9.32 billion. Under current mark-to-market accounting guidelines, this severely distorts the income statement.

BitMine is intentionally weaponizing capital to fund this accumulation. By issuing shares of 9.50% Series A Perpetual Preferred Stock, BitMine takes on high-cost debt to buy deeply discounted digital assets. The obvious question is how an operation services weekly dividend obligations of $0.1847 per preferred share while sitting on billions in paper losses.

The answer lies in the MAVAN staking platform. BitMine currently stakes 4.72 million ETH tokens, generating a 7-day annualized yield of 2.73%. This active validation service functions as a cash machine, projecting $223 million in annualized revenue. By converting passive digital commodities into active yield generators, BitMine creates the exact liquidity needed to service preferred dividend obligations, allowing BitMine to hold this massive position through current market troughs.

Google Validates the Liquid Cooling MarketBeyond its digital asset treasury, BitMine Immersion Technologies provides proprietary immersion-cooling solutions for digital asset mining and high-performance computing (HPC) systems. On June 16, Google released Brazos, an open-source closed-loop liquid-to-air cooling sidecar system capable of delivering 60kW of cooling capacity per rack.

Some market commentators initially viewed this open-source push as a threat that could commoditize the cooling industry. The reality is far more nuanced. Google's release of this technology effectively declares that legacy air-cooling systems are officially dead for heavy AI workloads. Standard air setups simply cannot manage chipsets that exceed 1,000W of thermal design power. This forces a multibillion-dollar capital expenditure wave of retrofits across the global server footprint.

The Brazos system from Google is a liquid-to-air sidecar, meaning it uses liquid to cool the air blown over the servers. BitMine utilizes proprietary direct-to-chip systems that entirely submerge servers in non-conductive dielectric fluids. This specific technology targets the ultra-high-density tier, offering vastly superior heat extraction.

Google's push for this open-source release validates the urgent macro transition to liquid architectures, effectively doing the heavy lifting of educating the market while leaving the high-margin, enterprise-grade immersion moat of BitMine entirely intact.

Unlocking the Vault: A Nine-Figure Backdoor PlayMost fundamental screens completely miss the strategic venture stakes sitting quietly on Bitmine's balance sheet. Complex portfolios frequently suffer from a sum-of-the-parts discount, in which secondary investments receive no valuation credit from the market.

Tucked into the $10.7 billion total holdings report is a $104 million strategic stake in Eightco Holdings NASDAQ: ORBS. This position offers highly asymmetric backdoor equity exposure to the Sam Altman ecosystem, specifically linking to the infrastructure demands of the Worldcoin digital identity network. As the impending OpenAI IPO begins to dominate institutional bandwidth, any tangential exposure to Altman-founded projects carries an immense valuation halo.

BitMine Immersion Technologies also recently co-funded the launch of Ethlabs alongside Sharplink NASDAQ: SBET and Ethereum co-founder Joe Lubin. This nonprofit initiative, spearheaded by former Ethereum Foundation researchers, serves as a technical tailwind to accelerate institutional adoption of the network. These strategic investments transform BitMine from a dual-threat into a multifaceted infrastructure play.

The Pressure Cooker: Preparing for a Violent Market Re-RatingOverall MarketRank™85th Percentile

Analyst RatingModerate Buy

Upside/Downside128.8% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment-0.01 Insider TradingAcquiring Shares

Proj. Earnings Growth48.28%

See Full Analysis

The tension in the current capital structure is profound. Short interest has ballooned to 26.5 million shares, representing nearly 5% of the outstanding float. Short sellers are betting heavily against the aggressive debt-to-equity mechanics, assuming the preferred stock dividend will eventually crush the balance sheet before digital asset prices recover.

BitMine maintains foundational support from institutional heavyweights such as Bank of America NYSE: BAC, The Royal Bank of Canada NYSE: RY, Cathie Wood's Ark Funds, The Founders Fund, and Pantera, alongside steady insider accumulation. This creates a highly explosive risk-to-reward profile.

The massive short accumulation provides the mechanical framework for a violent upside squeeze should Ethereum spot prices rally or institutional validation metrics shift rapidly. With staking yields successfully holding the line on debt obligations and a verified enterprise cooling moat expanding, cautious investors might want to closely monitor the short interest data and underlying staking revenue heading into the next earnings cycle.

Should You Invest $1,000 in BitMine Immersion Technologies Right Now?Before you consider BitMine Immersion Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BitMine Immersion Technologies wasn't on the list.

While BitMine Immersion Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.

Get This Free Report

Ambev is rated a Buy, supported by strong Q1 results, robust free cash flow, and a resilient balance sheet with minimal long-term debt. ABEV's Q1 net revenue rose 8.1% despite flat volumes, with a 33.6% Normalized EBITDA margin and the strongest Q1 operating cash flow in a decade. Macroeconomic tailwinds, including Brazil's switch to rate cuts and the 2026 FIFA World Cup, offer stabilization and recovery potential, though consumer and cost pressures remain key risks.

GigaCloud Technology Inc. (GCT - Free Report) closed at $33.32 in the latest trading session, marking a -1.94% move from the prior day. This change lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.

Shares of the company witnessed a loss of 11.02% over the previous month, trailing the performance of the Business Services sector with its loss of 1.59%, and the S&P 500's gain of 2.02%.

Investors will be eagerly watching for the performance of GigaCloud Technology Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.85, showcasing a 6.59% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $383.7 million, up 18.94% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.18 per share and a revenue of $1.53 billion, signifying shifts of +16.43% and +18.96%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for GigaCloud Technology Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.22% lower within the past month. GigaCloud Technology Inc. presently features a Zacks Rank of #3 (Hold).

Investors should also note GigaCloud Technology Inc.'s current valuation metrics, including its Forward P/E ratio of 8.13. For comparison, its industry has an average Forward P/E of 16.05, which means GigaCloud Technology Inc. is trading at a discount to the group.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow GCT in the coming trading sessions, be sure to utilize Zacks.com.

Leopold Aschenbrenner, a prominent German AI researcher and investor who previously worked at OpenAI, launched his Situational Awareness hedge fund in Sept. 2024. That AI-focused fund has delivered a return of more than 1,000% since its inception and now manages more than $20 billion in assets.

Aschenbrenner believes the ultimate bottleneck for the AI market's growth won't be algorithms, but rather the physical constraints of data centers, chips, and power grids. That's why his fund invests heavily in "neocloud" companies. Unlike "hyperscale" clouds like Amazon Web Services (AWS), which provide a broad range of general-purpose cloud services, neocloud companies only provide cloud infrastructure services for AI companies.

Image source: Getty Images.

By installing specialized hardware (like data center GPUs) across their streamlined architecture, neocloud companies can process AI tasks faster and more cheaply than hyperscalers. They can also offer more flexible contracts. According to Synergy Research Group, the neocloud market could grow at an explosive 58% CAGR from 2025 to 2031 as the AI market expands.

What are Aschenbrenner's three big neocloud stocks? That's why Situational Awareness's investments in three neocloud companies -- Nebius (NBIS 6.46%), CoreWeave (CRWV 2.93%), and IREN (IREN 4.00%) -- are attracting so much attention. Nebius, which is based in the Netherlands, provides customized AI infrastructure services for the data training, edtech, and robotics markets. CoreWeave, based in the U.S., primarily helps companies run GPU-intensive tasks remotely. IREN, which is headquartered in Australia, is another vertically integrated AI cloud data center company which only uses renewable energy.

Today's Change

(

-6.46

%) $

-17.77

Current Price

$

257.48

Nvidia (NVDA +0.07%), the world's largest producer of data center GPUs, owns major stakes in Nebius and CoreWeave, and has the option to buy a major stake in IREN. Analysts expect all three companies to deliver explosive sales growth over the next few years.

Company

2026 Revenue Growth

2027 Revenue Growth

2028 Revenue Growth

Nebius

550%

225%

90%

CoreWeave

147%

97%

60%

IREN

46%

311%

111%

Data source: Marketscreener.

Nebius, CoreWeave, and IREN trade at six, three, and seven times next year's sales, respectively. Those price-to-sales ratios are surprisingly low, but that's probably because investors are concerned about the high costs of expanding their cloud infrastructure.

But over the long term, economies of scale could reduce their costs and stabilize profit growth. That's why it could be smart to invest in these neocloud companies, even as near-term concerns about their spending continue to compress their valuations. It's also a good idea to follow Aschenbrenner and Nvidia's lead and spread your bets across all three companies -- as well as other neocloud companies -- just in case one of them fizzles out.

© tanitost / Shutterstock.com

IREN (NASDAQ:IREN) has transformed from a Bitcoin miner into one of the most aggressively contracted AI cloud platforms on the public market, and the stock has rerated to match.

Shares closed at $59.96 on June 18, 2026, up 511.84% over the past year. Our 24/7 Wall St. price target for IREN is $114.86, implying 91.55% upside. Our model classification is Bullish, with confidence of 90%.

24/7 Wall St. Price Target Summary Metric Value Current Price $59.96 24/7 Wall St. Price Target $114.86 Upside 91.55% Recommendation BUY Confidence Level 90% A Year That Rewrote the IREN Story IREN is having a remarkable year. The stock is up 58.75% year to date, 25.6% over the past month, and trades roughly 5% below its 52-week high of $76.87.

The Q3 FY2026 report on May 7, 2026 looked weak on paper: revenue of $144.8 million missed consensus by 33.97% and the company posted a $247.8 million net loss that included a $140.4 million non-cash impairment on retired mining hardware.

The market looked past it because AI Cloud Services revenue almost doubled sequentially to $33.6 million, and IREN signed a five-year, $3.4 billion AI Cloud contract with NVIDIA. The June 16 acquisition of Spanish developer Ingenostrum added roughly 490 MW of European capacity.

The Case for $125 and Higher The bull case rests on capacity already under contract. Management is targeting $3.7 billion in ARR by the end of calendar 2026, with $3.1 billion already contracted. The $9.7 billion Microsoft AI Cloud deal, the NVIDIA partnership covering up to 5 GW of DSX-aligned infrastructure, and a $1.6 billion Dell agreement signed May 26 mean roughly 84% of the 2026 ARR target is already locked in.

CEO Daniel Roberts told investors, “There are no idle GPUs“. Our bull-case scenario points to $124.85, or 108% upside, with Jefferies most recently reiterating a Buy at $79 and the high end of Street targets at $105.

The Risks Worth Watching The bear case starts with capital intensity. IREN carries $3.7 billion in convertible notes, and analysts have flagged a potential $21 billion funding gap to fully execute the global build-out.

Needham cut estimates on June 11 citing a delayed AI revenue ramp, and JP Morgan sits at a bearish $46 target. Customer concentration with Microsoft and NVIDIA is real.

Bulls would counter that the headline net loss is dominated by non-cash impairments on decommissioned ASIC miners and that Adjusted EBITDA of $59.5 million at a 41% margin tells a healthier story. Our bear-case scenario lands at $79.52, which still implies upside from current levels.

IREN Price Prediction 2026-2030 Our 24/7 Wall St. price target is $114.86, our recommendation is buy, and confidence sits at 90%. The tipping factor for me is contracted ARR coverage: with 84% of the 2026 target already booked, the operational risk centers on execution and timing, with demand already in hand.

The setup looks constructive for investors comfortable with a 4.23 beta and seeking exposure to the AI infrastructure buildout. Investors who doubt IREN’s ability to fund the next leg without meaningful dilution may prefer to wait for clarity on financing.

Year 24/7 Wall St. Price Target 2026 $85 2027 $134 2028 $216 2029 $282 2030 $352 These projections assume IREN continues to convert secured power into contracted ARR on schedule. Significant upside could come from accelerated NVIDIA Vera Rubin deployments at Sweetwater, while regulatory or grid-connection delays in Texas, Spain, or Australia would push the curve lower.

The physical economy is undergoing a structural shift. The global race to secure critical minerals sits squarely at the center of this transformation. For decades, Western markets relied heavily on Asian infrastructure to mine, process, and manufacture the rare-earth elements essential to electric vehicle motors, wind turbines, and advanced defense systems. That dynamic is rapidly fracturing. The U.S. government is actively weaponizing capital to decouple domestic supply chains from international vulnerabilities, aggressively funding homegrown alternatives.

Get USA Rare Earth alerts:

Pure Metal Momentum: Shifting the Investment NarrativeUSA Rare Earth NASDAQ: USAR is a primary beneficiary of this geopolitical pivot. USA Rare Earth recently commissioned its highly anticipated hydrometallurgical demonstration facility in Wheat Ridge, Colorado. This development is far beyond a simple research project.

USA Rare Earth Today

$21.81 -1.08 (-4.71%)

As of 10:35 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$9.32▼

$43.98Price Target$36.83

The Wheat Ridge facility aims to achieve commercial-quality production of separated heavy rare-earth oxides by the third quarter of 2026.

Specifically, the plant will refine dysprosium, terbium, and yttrium. These elements are notoriously difficult to process, yet they remain non-negotiable components for high-performance permanent magnets.

Commissioning the Colorado plant marks a definitive inflection point for a fully domestic mine-to-magnet supply chain.

For growth-focused capital, this rapid deployment shifts the primary investment narrative surrounding USA Rare Earth from speculative development directly to commercial execution.

Magnetic Capital: A $1.6 Billion Federal LifelineBuilding heavy industrial infrastructure requires immense capital. The balance sheets of early-stage mining and processing operators often buckle under the weight of these initial expenditures. USA Rare Earth is navigating this exact structural hurdle through unprecedented federal backing. USA Rare Earth secured a massive $1.6 billion funding package from the Department of Commerce through the CHIPS Act.

This capital injection is strategically structured, providing up to $277 million in direct federal grants alongside $1.3 billion in senior secured loan capacity. The U.S. government also holds a 10% equity stake in USA Rare Earth, acquired for $300 million at $17.17 per share. Having the federal government as a primary stakeholder effectively derisks USA Rare Earth's near-term operational runway. This dynamic provides a durable safety net against the macro headwinds that typically crush capital-intensive startups.

This financial padding allows USA Rare Earth management to scale downstream operations aggressively. Beyond the Colorado processing plant, USA Rare Earth is directing funds toward a $1.2 billion investment in a Bailey Industrial Park facility in South Carolina. Once online, this megafacility aims to produce 10,000 tonnes of NdFeB rare earth magnets and 10,000 tonnes of strip-cast alloys annually.

By controlling both the processing of raw oxides and the manufacturing of final magnets, USA Rare Earth captures substantial profit margins at multiple stages of the supply chain. Integrating these steps significantly improves USA Rare Earth's long-term unit economics compared to operators forced to outsource refining to third parties.

Global Extraction: The Serra Verde Acquisition PlayA world-class processing facility generates zero value without reliable raw materials. While USA Rare Earth continues to develop the flagship Round Top deposit in West Texas, relying on a single domestic mine introduces unacceptable timeline risks.

To mitigate this exposure, USA Rare Earth management is aggressively pursuing raw material security abroad. This strategy is highlighted by the pending $2.8 billion acquisition of Brazil's Serra Verde Group. Integrating Serra Verde's mixed rare-earth carbonate feedstocks ensures that the Colorado and South Carolina facilities maintain continuous operational volume while the Texas deposit scales toward commercial viability.

This aggressive market positioning is creating visible friction within the broader mining sector. Rival operator MP Materials NYSE: MP recently filed a lawsuit in Texas alleging that a former employee, now at USA Rare Earth, misappropriated proprietary permanent magnet technology.

Litigation introduces legal expenses and headline noise, but smart investors often view these disputes through a completely different lens. The lawsuit validates USA Rare Earth's disruptive threat to existing domestic operators. It underscores the intense competition for technical dominance in a market where early leaders will likely monopolize future Department of Defense off-take agreements.

Prospecting for Profits: Volatility in the Rare Earth TrenchesThe broader stock market is clearly reacting to these shifts. USA Rare Earth's stock price recently surpassed $23, representing a nearly 100% surge from its Jan. 1 trading price of about $12. Shares are currently trading in the middle of their 52-week range between $9.32 and $43.98.

USA Rare Earth Inc. (USAR) Price Chart for Wednesday, June, 24, 2026

Valuation metrics at this stage require a strictly forward-looking perspective. USA Rare Earth trades at a staggering price-to-sales ratio of roughly 700, against an annual sales run rate of just $7.34 million. For a mature consumer business, a multiple that high signals an extreme overvaluation. For a heavily subsidized infrastructure operator transitioning into the commercial revenue phase, it is a standard early-stage volatility marker. Wall Street is pricing in the future execution of the $1.6 billion CHIPS funding and the projected output of the South Carolina magnet facility, completely ignoring trailing revenues.

The underlying balance sheet displays robust liquidity to support this transition. First-quarter 2026 earnings per share loss of 12 cents actually beat consensus estimates by 4 cents. More importantly, USA Rare Earth operates with a massive current ratio of 36.29. This incredible cash position guarantees USA Rare Earth can fund day-to-day operations and capital projects without immediately diluting shareholders through secondary offerings.

Institutional ownership remains heavily concentrated, with legacy funds holding minor stakes while the government acts as the dominant anchor. Retail investors tracking insider activity may have noticed that Director Carolyn Trabuco recently disposed of 13,000 shares for roughly $295,000. Context is critical when evaluating insider filings. This exact transaction triggered a Section 16(b) short-swing profit clawback, requiring Trabuco to remit $208.34 to USA Rare Earth. Trabuco retains 18,783 shares. This specific event points to strict compliance management and portfolio rebalancing rather than a bearish exit by corporate leadership.

Meanwhile, the short interest sits at an elevated 10.85%.

A high short ratio highlights measurable market skepticism about USA Rare Earth's ability to execute production timelines. If the Wheat Ridge facility experiences operational delays, the premium valuation of USA Rare Earth will come under intense downward pressure. Conversely, if USA Rare Earth management hits the third-quarter production targets, that heavy short interest provides the exact kind of fuel needed to drive a violent upside short squeeze.

Magnetic North: USA Rare Earth's Ultimate TrajectoryEstablishing a domestic supply chain for critical minerals requires navigating complex engineering, massive capital expenditures, and intense geopolitical scrutiny. USA Rare Earth is systematically checking every single one of those boxes. The potent combination of secure federal funding, aggressive facility commissioning, and international feedstock acquisitions provides a clear roadmap to generating revenue. Investors seeking pure-play exposure to the reshoring of American industrial infrastructure might add USA Rare Earth to their portfolios as the Q3 2026 commercial production targets rapidly draw closer.

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Rare-earth magnets are central to many modern technologies, including electric vehicles, wind turbines, defense and missile guidance systems, and advanced consumer electronics. For years, the U.S. has become dependent on China for mining and processing raw materials into refined magnets, a trend that has grown into a national security concern.

The U.S. is taking steps to achieve full independence in producing rare-earth permanent magnets by reshoring the supply chain, including mining, processing, and manufacturing of these crucial materials. This "mine-to-magnet" strategy has put several mining companies on the map, including USA Rare Earth (USAR 5.37%).

Over the past year, USA Rare Earth has raised significant capital from the U.S. government and outside investors to build its supply chain. Does that make the stock a buy today? Let's dive into the company and find out.

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USA Rare Earth has raised significant capital Earlier this month, USA Rare Earth finalized an agreement with the U.S. Department of Commerce for up to $1.6 billion in federal funding under the CHIPS and Science Act. This funding package consists of $277 million in direct grants and up to $1.3 billion in senior secured loan capacity. In return, the federal government received 16.1 million common shares and 17.6 million warrants.

In addition to this federal funding, the company secured another $1.5 billion in private placement funds in January, bringing total liquidity to $3.5 billion. This funding is crucial for USA Rare Earth to build out its domestic mine-to-magnet supply chain, including developing the Round Top mine in Texas and expanding its processing and manufacturing capabilities.

The mine-to-magnet company has made some huge moves USA Rare Earth is building out its near-term capabilities and has made several key acquisitions to do so. Last year, it acquired U.K.-based Less Common Metals (LCM) for $100 million in cash, plus 6.5 million shares. Building on this, in April, it acquired Serra Verde Group for approximately $2.8 billion, structured via $300 million in cash and 126.8 million newly issued common shares.

Image source: Getty Images.

This move is crucial to helping USA Rare Earth get off the ground and running. That's because Serra Verde's Pela Ema mine in Brazil is currently the only operating, large-scale producer outside Asia that supplies all four primary magnetic rare-earth elements.

In addition, the company recently announced a $1.2 billion magnet manufacturing facility in South Carolina. Combining this with its acquisition of LCM and its active permanent magnet facilities in Oklahoma helps USA Rare Earth bridge the gap between raw extraction and finished commercial products.

The expansion efforts by USA Rare Earth have management projecting that the company will reach a magnet manufacturing run rate of 600 metric tons per annum (MPTA) at its Oklahoma facility, along with 3,000 MPTA of metal-making and alloy capacity through its LCM subsidiary.

In the longer term, the company is targeting annualized production capacity of 10,000 tons of rare-earth metal alloys and 10,000 tons of Neodymium Iron Boron (NdFeB) permanent magnets, positioning it to capture high-margin market share across the defense, electric vehicle, and semiconductor sectors.

Is USA Rare Earth for you? USA Rare Earth is making progress on building its mine-to-magnet supply chain, and recent acquisitions have given its business a big boost. Looking ahead, the company will continue advancing its Round Top mine in Texas, which is rich in heavy rare-earth elements critical to the production of high-heat permanent magnets.

Another benefit of this mine is that its mineralization enables cleaner, cheaper processing of these rare-earth elements, which could enable low-cost production and provide a notable competitive advantage for USA Rare Earth. The company hopes to begin commercial production at Round Top as soon as 2028.

With this in mind, USA Rare Earth is still undergoing massive expansion efforts that will be expensive for shareholders. Its dealings with the U.S. government and other acquisitions have diluted shareholders, and scaling its mining and processing capabilities will take time, underscoring the risks of owning early-stage, start-up mining stocks.

Key Takeaways USAR commissioned a Colorado facility targeting separated rare earth oxide output in Q3 2026.USAR's Stillwater magnet line targets 600 metric tons annually by end-2026, doubling by Q1 2027.TECK plans major copper growth through Anglo Teck and advancing Zafranal and San Nicolas projects. USA Rare Earth, Inc. (USAR - Free Report) and Teck Resources Limited (TECK - Free Report) are key participants in the Zacks Mining - Miscellaneous industry. Both companies are engaged in the extraction, processing and development of minerals that are essential to modern technologies and industrial applications. USAR and TECK are well-positioned to benefit from the growing demand for critical materials used in electrification, clean energy technologies and advanced manufacturing.

Both companies operate in capital-intensive mining industries that require extensive investments in infrastructure, advanced technologies and project development, while also navigating regulatory clearances and regulatory approval processes. At the same time, growing demand for minerals and metals critical to electric vehicles, renewable energy and other clean-energy technologies is creating favorable long-term growth opportunities for these companies.

The Case for USARUSA Rare Earth has commissioned its hydrometallurgical demonstration facility in Wheat Ridge, CO, in June 2026, marking a key step in building an integrated rare earth supply chain outside China. The company expects to begin producing commercial-quality separated rare earth oxides, including NdPr, dysprosium and terbium, in the third quarter of 2026.

The facility will process material from multiple sources, including the Round Top facility, third-party feedstocks and recycled magnet swarf, while supporting feasibility studies and future commercial-scale operations.

Also, the successful commissioning of Phase 1a of USAR’s commercial magnet production line at its Stillwater, OK, facility marks an important milestone in USAR’s growth strategy. The development enables the company to begin supplying sintered NdFeB permanent magnets to customers starting in the second quarter of 2026.

The commissioning demonstrates USA Rare Earth’s capability to operate a complex rare earth magnet manufacturing process at a commercial scale. At its Stillwater facility, USAR transforms rare earth materials into high-performance NdFeB permanent magnets through a series of production steps used in end markets such as defense, aerospace and automotive.

The Phase 1a is expected to achieve an annual production run rate of 600 metric tons by the end of 2026, while the planned Phase 1b expansion is projected to double total capacity to 1,200 metric tons annually by the first quarter of 2027. Once fully operational, the Stillwater facility is expected to be among the first large-scale NdFeB magnet manufacturing facilities in the United States, supporting a more resilient domestic rare earth supply chain.

USAR has strengthened its growth strategy through a combination of financing and acquisitions. In June 2026, the company secured access to up to $1.6 billion in government-backed funding under the CHIPS Program from the U.S. Department of Commerce. The package includes up to $277 million in federal funding and up to $1.3 billion in loan support as the company advances key development milestones.

In May 2026, USA Rare Earth secured a $14.2 million grant from the Texas Semiconductor Innovation Fund to boost the development of its Round Top Mountain rare earth project in West Texas, aimed at supporting domestic supply chains for critical minerals used in defense, semiconductors, AI and advanced technologies.

Also, in March 2026, USAR agreed to acquire Texas Mineral Resources Corp. in an all-stock transaction valued at approximately $73 million, giving it full ownership of the Round Top Project. The company expects commercial production at Round Top to begin in 2028, with a long-term goal of processing nearly 40,000 metric tons of rare earth and critical mineral feedstock per day by 2030. The November 2025 acquisition of Less Common Metals is expected to provide critical metal and alloy feedstock for the Stillwater plant.

While USAR is making progress with its growth initiatives, it is still in the early stages of commercialization and continues to report losses as it scales its operations. While the acquisition of Less Common Metals has started contributing to revenues, profitability remains under pressure from higher operating expenses associated with expansion efforts, acquisitions and workforce additions.

In the first quarter of 2026, selling, general and administrative expenses surged to $21.2 million from $7 million in the prior-year period, driven by higher legal, consulting and personnel-related costs. Research and development expenses also rose to $14.2 million from $1.7 million a year ago, reflecting increased investment in product development and growth initiatives.

The Case for TECKAs part of its long-term growth strategy, Teck Resources is increasing its focus on copper and other critical minerals that are essential for electrification and clean energy technologies. The company has agreed to merge with Anglo American plc to form the Anglo Teck group, creating one of the world's largest copper-focused mining companies. It will have more than 70% exposure to copper and is set to be among the top five global copper producers. The new company will consist of six world-class copper assets and premium iron ore and zinc operations with a combined annual copper production of 1.2 million tons. It is projected to grow 10% to 1.35 million tons by 2027, strengthening its position in the global copper market.

Teck Resources is further strengthening its copper growth pipeline by advancing several development projects toward sanction readiness. The company is progressing with permitting activities, securing land access and refining the business cases for its Zafranal and San Nicolás projects.

Zafranal is expected to have a mine life of 19 years and produce copper-gold concentrates through open-pit mining and conventional processing. The project is anticipated to generate an average of 126,000 tons of contained copper annually during its first five years of operation. Meanwhile, the San Nicolás project is advancing through the feasibility study stage and is expected to produce approximately 63,000 tons of copper and 147,000 tons of zinc annually during its first five years, on a 100% ownership basis.

Also, the Highland Valley Mine Life Extension is expected to extend the mine’s life from 2028 to 2046. Expected average annual copper production will likely be 132,000 tons over the life of the mine. The company expects to increase copper production to around 800,000 tons before the end of this decade.

However, the company’s zinc in concentrate production declined to 120 thousand tons in the first quarter of 2026 from 137 thousand tons a year earlier, reflecting lower grades at Red Dog in line with the mine plan. TECK expects zinc production to trend lower over the next three years as the mine approaches the end of its life. Full-year 2026 zinc production guidance is 410-460 thousand tons compared with 565 thousand tons produced in 2025.

Operating costs at several assets increased year over year due to higher contractor, energy and maintenance expenses. The company highlighted exposure to fuel price volatility and higher freight and explosives costs linked to geopolitical developments. Even though there is currently no significant risk of fuel supply disruption, the company expects an impact on costs at its Chilean operations due to the requirement for diesel imports.

How Does the Zacks Consensus Estimate Compare for USAR & TECK?The Zacks Consensus Estimate for USAR’s 2026 bottom line is pegged at a loss of 35 cents per share. Also, the company’s consensus estimate for the 2027 bottom line is pegged at a loss of 32 cents per share.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for TECK’s 2026 bottom line is pegged at $3.35 per share. Also, the company’s consensus estimate for 2027 bottom line is pegged at $2.89 per share.

Image Source: Zacks Investment Research

Price Performance and Valuation of USAR & TECKIn the past year, USAR’s shares have surged 103%, while TECK stock has gained 71.9%. 

Image Source: Zacks Investment Research

USA Rare Earth is trading at a forward 12-month price-to-earnings ratio of negative 73.33X while Teck Resources’ forward earnings multiple sits at 21.39X.

Image Source: Zacks Investment Research

Final TakeUSAR is benefiting from the ramp-up of its commercial magnet production line, along with strategic acquisitions and investments designed to build a fully integrated domestic rare earth supply chain. The acquisitions of Less Common Metals and Texas Mineral Resources are expected to enhance the company’s operational capabilities and support its long-term growth strategy. However, USAR remains in the early stages of commercialization and continues to incur losses as it invests in capacity expansion, technology development and other growth initiatives.

In contrast, Teck Resources’ strong performance in the coming quarters is supported by its scale of operation, asset diversity and strategic transformation. The planned merger with Anglo American will create a global copper and critical minerals leader, with more than 70% exposure to copper. Though near-term zinc in concentrate production at Red Dog has been impacted by operational issues, TECK’s long-life assets and growth projects are expected to lower execution risk.

Given these factors, TECK seems a better pick for investors than USAR currently. While TECK Materials carries a Zacks Rank #3 (Hold) at present, USA Rare Earth has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Issued on behalf of Greenland Mines Ltd.

, /PRNewswire/ -- USANewsGroup.com News Commentary — As of January 1, 2027, U.S. defense systems will be barred from using neodymium-iron-boron magnets containing Chinese-origin rare earths, and Western governments are scrambling to stand up a supply chain that, for two decades, was allowed to migrate almost entirely to China. That deadline has turned what was once a sleepy corner of the mining world into one of the most strategically charged investment themes of the decade — and it is sending capital toward the handful of companies that can credibly point to magnet-grade rare earth deposits and the processing know-how to turn them into finished product.

Against that backdrop, Greenland Mines Ltd. (Nasdaq: GRML) has moved to accelerate development of its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth magnet project in southwest Greenland, announcing it has engaged Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated Mineral Resource Estimate (MRE) compliant with the U.S. Securities and Exchange Commission's Regulation S-K 1300.

Key Takeaways

Greenland Mines (Nasdaq: GRML) engaged Tetra Tech and GeoSim to prepare an updated S-K 1300 Mineral Resource Estimate for its Sarfartoq Nd-Pr rare earth project, targeting substantial completion by this summer, subject to internal review and approval.Sarfartoq carries a high Nd-Pr ratio — approximately 25%–40% of the total rare earth oxide (TREO) basket — which the company believes is among the higher such ratios reported globally, concentrating value in the two elements that drive magnet economics.The work program leans on continuity of technical leadership: GeoSim's Ronald G. Simpson, P.Geo., served as Qualified Person on the historical 2011 and 2012 resource estimates and as a principal author of the 2011 Preliminary Economic Assessment (PEA).Sarfartoq remains subject to closing of the previously announced transaction with Neo Performance Materials, and the formal transfer of the exploration licenses with Greenland authorities is underway — important conditions investors should weigh.The acceleration lands amid a sector-wide push — from MP Materials (NYSE: MP), USA Rare Earth (Nasdaq: USAR), and Energy Fuels (NYSE American: UUUU) — to build a Western, non-China mine-to-magnet supply chain ahead of a January 1, 2027 prohibition on Chinese-origin magnets in U.S. defense systems.An accelerated path to an updated resource

Under a consulting services agreement dated June 11, 2026, GeoSim has been engaged to act as Qualified Person for the S-K 1300-compliant MRE at Sarfartoq, with the work led by Ronald G. Simpson, P.Geo. Tetra Tech has been retained under a parallel technical services mandate to provide engineering and metallurgical support. According to the company, the updated MRE is expected to form the basis for an updated PEA and to support future technical studies and public disclosure.

The timeline is deliberately compressed. Greenland Mines says the S-K 1300 work program is expected to be advanced on an accelerated basis and substantially completed by this summer, which would allow the company to announce an updated mineral resource for Sarfartoq and file a supporting S-K 1300 Technical Report Summary shortly thereafter — subject to customary internal review and approval. Management has signaled it intends to leverage the updated MRE into an expedited refresh of the 2011 PEA, with a focus on positioning Sarfartoq as an advanced Nd-Pr development project with downstream relevance to U.S. and European markets.

Ahead of closing the Sarfartoq acquisition, the company has also initiated the formal transfer process for the Sarfartoq exploration licenses with the relevant Greenland authorities, and says its local team in Nuuk is in active dialogue with regulators to facilitate an orderly transfer. It is a reminder that, for now, Sarfartoq is an asset Greenland Mines is moving toward — not one it holds outright — and the conditional language matters.

Why the Nd-Pr ratio is the story

Not all rare earth deposits are created equal. The value in the magnet supply chain is concentrated in neodymium and praseodymium — the two elements that, alloyed with iron and boron, make the permanent magnets that spin electric-vehicle motors, pitch wind-turbine blades, and actuate the control surfaces of guided defense systems. A deposit heavy in those two elements is worth disproportionately more, ton for ton, than one dominated by the cerium and lanthanum that sit lower on the value curve.

That is what Greenland Mines is leaning on at Sarfartoq. The company describes the project as an advanced carbonatite-hosted magnet rare earth deposit with Nd-Pr constituting roughly 25%–40% of the TREO basket — a ratio it believes ranks among the higher figures reported globally. Historic work, including the 2011 PEA, outlined both open-pit and underground development concepts, and the current program is expected to revisit those alternatives while examining hybrid sequencing — an initial open-pit phase followed by a later underground phase. Tetra Tech's mandate specifically includes pit-shell and underground optimization studies, evaluation of starter-pit options, and updated metallurgical recovery assumptions.

Re-engaging GeoSim and Mr. Simpson — who have been involved with Sarfartoq for more than a decade — gives the company continuity of technical oversight and a direct line back to the geological model and database that established the project as one of Greenland's more advanced rare earth stories. In parallel, Greenland Mines has re-appointed WSP Danmark A/S to complete a second year of environmental baseline data collection, building on first-year work initiated under the prior owners. The updated MRE will also integrate additional drilling and internal resource modeling completed by Neo Performance Materials and its subsidiary between 2023 and 2025, which are to be transferred as part of the acquisition.

Part of a broader Greenland platform

Greenland Mines frames Sarfartoq not as a standalone asset but as one piece of a broader multi-asset strategy built around Greenland mineral projects and downstream optionality in the North Atlantic. The company's stated approach combines advanced upstream projects in Greenland with potential downstream processing and industrial partnerships in allied jurisdictions, including Iceland, to support more resilient supply chains serving the United States, North America, and Europe.

Within that framework, Sarfartoq adds magnet rare earth exposure alongside the company's Skaergaard precious- and critical-metals project, giving Greenland Mines a Nasdaq profile spanning the energy-transition, defense, and strategic-materials themes. The company has also pointed to its previously announced transaction structure with Neo Performance Materials — including Neo's right to purchase up to 60% of Sarfartoq Nd-Pr production — as support for the project's relevance within a potential Western-aligned mine-to-magnet value chain. As with the resource work itself, those arrangements remain tied to closing.

A sector racing the same clock

Greenland Mines is moving into a theme that has drawn some of the most aggressive capital and policy support in the mining world. The reason is a hard deadline: beginning January 1, 2027, U.S. defense systems will be prohibited from incorporating neodymium-iron-boron magnets that contain Chinese-origin rare earths — a restriction that has galvanized a scramble to build domestic and allied alternatives across the entire chain, from mining to metallization to finished magnets.

The clearest barometer of how seriously Washington takes the problem is MP Materials Corp. (NYSE: MP). The operator of the Mountain Pass mine in California — the only large-scale rare earth mining and processing operation in North America — struck a multibillion-dollar partnership with the U.S. Department of Defense in 2025 that included a 10-year price-floor commitment of $110 per kilogram for its Nd-Pr products and a 10-year magnet offtake arrangement. The company reported record Nd-Pr production in the first quarter of 2026 and has been building out domestic magnet manufacturing in Texas.

"This initiative marks a decisive action by the Trump administration to accelerate American supply chain independence," said James Litinsky, Founder, Chairman, and CEO of MP Materials, on the Department of Defense partnership. "We are proud to enter into this transformational public-private partnership."

Further down the chain, USA Rare Earth, Inc. (Nasdaq: USAR) is racing to stand up domestic magnet manufacturing. In March 2026, the company commissioned its commercial magnet production line at its Stillwater, Oklahoma facility, enabling it to begin filling orders for sintered neodymium-iron-boron magnets. It has since moved to consolidate feedstock, including an agreement to acquire the Serra Verde rare earth operation in Brazil.

"Today's announcement is a major step in delivering on our ambition to build a global champion and the partner of choice in rare earth elements, oxides, metals and magnets," said Barbara Humpton, Chief Executive Officer of USA Rare Earth, on commissioning the Stillwater line. "As we scale production, we are proud to help reduce reliance on foreign manufacturing while serving industries critical to our nation and its allies."

And on the processing side, Energy Fuels Inc. (NYSE American: UUUU) has been advancing one of the few operating rare earth separation capabilities in the United States at its White Mesa Mill in Utah, where it produces Nd-Pr oxide and has piloted production of the heavier rare earths dysprosium and terbium. In January 2026, the company released a bankable feasibility study for a Phase 2 expansion it says would rank among the lowest-cost Nd-Pr production globally.

"Energy Fuels is on the cusp of solving America's rare earth processing 'bottleneck'," stated Mark S. Chalmers, then-CEO of Energy Fuels, on the Phase 2 feasibility results in January 2026. (Chalmers retired in April 2026, with Ross Bhappu appointed President and CEO.) The company's progress underscores a point relevant to any aspiring developer: a deposit is only as valuable as the chain that can process it.

That is the competitive set Greenland Mines is stepping into — not as a peer in scale or stage to producers like MP Materials, but as an earlier-stage developer betting that a high Nd-Pr ratio, continuity of technical work, and a strategically located Greenland asset can earn it a place in the Western supply-chain conversation. Whether that bet pays off will depend on the updated MRE, the PEA refresh, the closing of the Neo transaction, and the license transfer — each of which carries execution risk that the company itself flags.

What to watch

The near-term catalysts are clearly defined. The first is the updated S-K 1300 MRE, which the company targets for substantial completion by this summer, followed by the filing of a Technical Report Summary. The second is the refreshed PEA that the MRE is intended to feed. The third — and the most fundamental — is the closing of the Sarfartoq transaction with Neo Performance Materials and the completion of the license transfer with Greenland authorities, without which the rest of the program is conditional. Investors will also be watching the second year of environmental baseline work as a marker of permitting readiness.

For a market that has spent two years rewarding rare earth stories tied to the 2027 deadline, Greenland Mines offers a differentiated angle: magnet-grade mineralogy in an allied Arctic jurisdiction, paired with a stated North Atlantic processing vision. The qualifier — and it is a real one — is that much of the thesis still rests on studies yet to be completed and a transaction yet to close. The coming months should provide the evidence.
- Read more information on Greenland Mines here

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SOURCES

Greenland Mines Ltd. news release, "Greenland Mines (NASDAQ: GRML) Accelerates Sarfartoq Rare Earths Project Development with Updated S-K 1300 Resource Estimate Program," June 18, 2026.MP Materials Corp. news release, "MP Materials Announces Transformational Public-Private Partnership with the Department of Defense," 2025; and Q1 2026 results, May 7, 2026.USA Rare Earth, Inc. news release, "USA Rare Earth Achieves Major Operational and Strategic Milestone with Commissioning of Phase 1a Magnet Production at Stillwater Facility," March 26, 2026.Energy Fuels Inc. news release, "U.S. Rare Earth Processing Expansion ... Among the Lowest Cost NdPr Production in the World," January 15, 2026; and 2025 results / 2026 guidance, February 26, 2026.DISCLAIMER

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland ("MIQL"). MIQL has been paid a fee for Greenland Mines Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQL and/or our associated currently own shares of Greenland Mines Corp. which were purchased in the open market and reserve the right to buy and sell, and will buy and sell shares of Greenland Mines Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of Greenland Mines Corp. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

CAUTIONARY NOTE REGARDING MINERAL RESOURCES:

The Mineral Resource Estimates referenced in this article were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.

FORWARD-LOOKING STATEMENTS:

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this publication include that demand for platinum group metals and critical minerals will continue to grow and tighten; that Greenland Mines Ltd's Skaergaard Project will advance through its planned technical, metallurgical, and environmental work programs as described; that the Company's engagements with SLR Consulting, GTK Mintec, and WSP will proceed as planned; that the Iceland LOI will progress toward a binding agreement with the cost and savings characteristics described; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; permitting risks; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; metal price volatility; the inherent uncertainty of mineral resource estimates; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

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Key Takeaways USAR commissioned its Wheat Ridge demo facility to advance domestic rare earth processing.USAR began testing ore, third-party feedstock and recycled magnet swarf processing.USAR expects campaign data to support the Round Top feasibility study due by Q1 2027. USA Rare Earth, Inc. (USAR - Free Report) is advancing its growth strategy with the successful commissioning of its hydrometallurgical demonstration facility in Wheat Ridge, CO. This milestone marks a key step in the company's efforts to establish a fully integrated domestic rare earth supply chain and positions it to begin producing separated heavy rare earth oxides in the third quarter of 2026.

Over the past year, USAR expanded its integrated platform of proprietary technologies and capabilities spanning mining, processing and separation, metals, alloys and magnets. The company also prepared the Wheat Ridge facility for demonstration-scale operations to support future commercial processing activities.

The facility has started initial campaigns to test and optimize three processing methods simultaneously: processing ore from the Round Top project, processing third-party mixed rare earth carbonate (MREC) feedstock, including material from Serra Verde's Pela Ema mine, and recycling rare earth magnet swarf. The resulting oxides are expected to support downstream metal, alloy and magnet production through Less Common Metals, one of the few commercial-scale metal, alloy and strip cast producers outside China. Heavy rare earth oxides such as dysprosium, terbium and yttrium are critical materials used in defense, energy, electric vehicle and other advanced technology applications.

The demonstration campaigns are expected to generate operational data that will support the Round Top Definitive Feasibility Study, which remains on track for completion in the fourth quarter of 2026 and publication in the first quarter of 2027. As operations advance, the Wheat Ridge facility is expected to play an important role in strengthening the U.S. rare earth supply chain.

Snapshot of USA Rare Earth’s PeersAmong its major peers, NioCorp Developments Ltd. (NB - Free Report) is working to move its Elk Creek Project in Nebraska closer to production. In August 2025, NioCorp completed its first drilling program at the Elk Creek Project on schedule and within budget. In February 2026, NioCorp started construction of the main underground access for its Elk Creek Critical Minerals Project in southeast Nebraska.

USAR’s other peer, Trilogy Metals Inc. (TMQ - Free Report) , continues to make steady progress at the Ambler mining district. Although Trilogy is not yet in production, it is taking a step ahead with Ambler Metals LLC, which is a joint venture with South32 Limited. In July 2025, Trilogy began a multi-year core re-boxing program to protect drill core for long-term future use.

USAR’s Price Performance, Valuation & EstimatesShares of USAR have gained 90% in the past year compared with the industry’s growth of 50.3%.

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From a valuation standpoint, USAR is trading at a forward price-to-earnings ratio of negative 71.85X against the industry’s average of 14.92X. USA Rare Earth carries a Value Score of F.

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The Zacks Consensus Estimate for USAR’s 2026 earnings has decreased over the past 30 days.

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USA Rare Earth remains a Strong Buy, driven by rapid midstream buildout and significant government funding de-risking execution. USAR secured $1.6 billion in low-cost government funding, and with $1.7 billion in cash, USAR is now very well-capitalized. Serra Verde is expected to deliver $550–$650 million annualized EBITDA by 2027, with USAR trading at a 24% EV/EBITDA discount to sector averages.