Capricorn Fund Managers Ltd acquired a new stake in shares of Exact Sciences Corporation (NASDAQ:EXAS – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 96,685 shares of the medical research company’s stock, valued at approximately $9,819,000. Exact Sciences makes up about 2.4% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 9th biggest position. Capricorn Fund Managers Ltd owned approximately 0.05% of Exact Sciences at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXAS. Walkner Condon Financial Advisors LLC lifted its stake in shares of Exact Sciences by 16.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 11,217 shares of the medical research company’s stock valued at $1,139,000 after purchasing an additional 1,588 shares during the period. Sowell Financial Services LLC bought a new position in Exact Sciences in the fourth quarter worth $301,000. Park Capital Management LLC WI bought a new position in Exact Sciences in the fourth quarter worth $234,000. Signaturefd LLC lifted its position in Exact Sciences by 5.5% during the fourth quarter. Signaturefd LLC now owns 2,346 shares of the medical research company’s stock valued at $238,000 after buying an additional 123 shares during the period. Finally, eCIO Inc. purchased a new position in Exact Sciences during the fourth quarter valued at $340,000. Hedge funds and other institutional investors own 88.82% of the company’s stock.
Analysts Set New Price Targets A number of analysts have recently weighed in on EXAS shares. BTIG Research reaffirmed a “neutral” rating on shares of Exact Sciences in a research report on Tuesday, March 24th. Mizuho reissued a “neutral” rating and set a $105.00 price objective (up from $85.00) on shares of Exact Sciences in a research note on Tuesday, January 20th. Zacks Research cut shares of Exact Sciences from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Evercore set a $105.00 target price on shares of Exact Sciences and gave the company an “in-line” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Exact Sciences in a report on Thursday, January 22nd. Twenty-one analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exact Sciences has an average rating of “Reduce” and a consensus price target of $92.13.
Check Out Our Latest Analysis on EXAS
Exact Sciences Price Performance EXAS opened at $104.91 on Monday. The firm has a market cap of $20.03 billion, a PE ratio of -95.37, a P/E/G ratio of 2.02 and a beta of 1.41. The stock has a 50-day moving average price of $103.57 and a 200-day moving average price of $89.70. Exact Sciences Corporation has a 1 year low of $38.81 and a 1 year high of $104.98. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.43 and a quick ratio of 2.17.
Exact Sciences (NASDAQ:EXAS – Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The medical research company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.29). The firm had revenue of $878.38 million for the quarter, compared to analysts’ expectations of $860.59 million. Exact Sciences had a negative net margin of 6.40% and a positive return on equity of 0.53%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. Sell-side analysts predict that Exact Sciences Corporation will post -0.58 earnings per share for the current fiscal year.
About Exact Sciences (Free Report)
Exact Sciences Corporation is a molecular diagnostics company headquartered in Madison, Wisconsin, dedicated to the early detection and prevention of cancer. The company’s flagship product, Cologuard®, is a noninvasive, stool-based DNA screening test for colorectal cancer that was developed in collaboration with the Mayo Clinic. By combining DNA mutation analysis with hemoglobin detection, Cologuard aims to improve screening adherence and identify cancers and precancerous lesions in average-risk adults.
Since its founding in 1995, Exact Sciences has expanded its portfolio through strategic acquisitions and internal research and development.
Further Reading Five stocks we like better than Exact Sciences
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Shares of Abbott Laboratories (NYSE:ABT) fell 3.2% on Thursday morning after the healthcare conglomerate marginally beat Wall Street estimates for quarterly profit and revenue, but flagged a hit to its 2026 earnings outlook from its recently completed cancer diagnostics acquisition.
Investors weighed near-term earnings strength against dilution from the company’s roughly $23 billion acquisition of Exact Sciences.
The company reported first-quarter results for the period ended March 31, with sales rising 7.8% on a reported basis and 3.7% on a comparable basis. It said results slightly topped analyst expectations.
GAAP diluted earnings per share came in at $0.61, while adjusted diluted EPS was $1.15, up 6% and excluding specified items.
Abbott said the Exact Sciences acquisition, completed on March 23, establishes it as a leader in oncology diagnostics and expands its presence in a new high-growth segment, but will weigh on near-term earnings.
The company forecast 2026 adjusted diluted earnings per share of $5.38 to $5.58, compared with a prior outlook of $5.55 to $5.80, citing about $0.20 of dilution tied to the deal.
It also maintained expectations for full-year 2026 comparable sales growth of 6.5% to 7.5%.
Abbott had previously guided to steady growth entering the year, and reiterated confidence in its trajectory despite integration costs from the acquisition.
“Our first-quarter results were aligned with our expectations to start the year,” Chairman and CEO Robert Ford said. “The acquisition of Exact Sciences adds another high-growth business to the Abbott portfolio, further strengthening our confidence in delivering accelerating growth as we move through the year.”
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
On Track to Complete U.S. Redomiciliation and Rebrand to Keel Infrastructure on or About April 1, 2026 March 20, 2026 16:05 ET | Source: Bitfarms Ltd.
TORONTO, Ontario and NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a North American digital infrastructure and energy company, today announced that at the special meeting of shareholders (the “Special Meeting”) held earlier today, the Company’s shareholders have voted in favor of a special resolution to approve a statutory plan of arrangement involving the Company and Keel Infrastructure Corp. (the “Arrangement”) pursuant to which the Company will redomicile from Canada to the United States (the “U.S. Redomiciliation”) and rebrand as Keel Infrastructure.
“Today’s vote is an endorsement of our hard work over the course of more than a year, and an important milestone in our strategic pivot,” said CEO Ben Gagnon. “We restructured the business, rebalanced and grew the portfolio, recruited a team of proven experts, and strengthened our balance sheet which now lets us move with determination and flexibility. We are excited to be moving forward on our U.S. Redomiciliation plan and getting closer to rebranding as Keel Infrastructure. On behalf of the Board and management team, we thank our shareholders for their strong support as we embark on this exciting next chapter.”
At the Special Meeting, approximately 99.3% of votes cast were in favor of the Arrangement. To be effective, the Arrangement required the affirmative vote of at least 662/3% of the votes cast by holders of common shares of Bitfarms present in person or represented by proxy at the Special Meeting.
The U.S. Redomiciliation is expected to be completed on or about April 1, 2026, subject to obtaining court approvals, as well as the satisfaction of all other conditions precedent. The Toronto Stock Exchange (the “TSX”) has conditionally approved the Arrangement and the listing of shares of common stock of Keel Infrastructure (the “Keel Common Stock”). Keel Common Stock is expected to begin trading on Nasdaq and the TSX under the ticker “KEEL” two business days following completion of the U.S. Redomiciliation, subject to fulfilling all of the listing requirements of Nasdaq and the TSX, respectively.
Additional details of the results of the Special Meeting will be made available under the Company's SEDAR+ profile at www.sedarplus.ca, under the Company's EDGAR profile at www.sec.gov and on the Company's website at www.bitfarms.com.
About Bitfarms Ltd.
Bitfarms is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including artificial intelligence.
Bitfarms’ 2.1 GW North American energy portfolio is comprised of energized, under development, and pipeline MW, located in established data center clusters, with robust access to power and fiber infrastructure.
Bitfarms is headquartered in New York, NY and Toronto, ON and traded on Nasdaq and the Toronto Stock Exchange.
To learn more about Bitfarms’ events, developments, and online communities:
www.bitfarms.com
http://x.com/Bitfarms_io
https://www.linkedin.com/company/bitfarms/
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the U.S. Redomiciliation, the benefits of the U.S. Redomiciliation, the anticipated effective date of the U.S. Redomiciliation, the required approvals for the U.S. Redomiciliation, the listing and trading of Keel Common Stock on the Nasdaq and TSX, and other statements regarding future growth, plans and objectives of Bitfarms are forward-looking information.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: anticipated benefits of the U.S. Redomiciliation, including, but not limited to, expanded access to new capital pools, increased eligibility for index inclusion, strengthened commercial positioning with governmental bodies, utility partners and potential customers, enhanced alignment with U.S. customer requirements for data centers, reduced regulatory and political risk related to critical infrastructure and sensitive-data businesses, greater familiarity of Delaware law to U.S. investors and simplified comparison to other U.S. companies and peers, may not be realized or may not meet the expectations of the Company, may not occur at all, and may have unanticipated costs for the Company; failure to obtain required court approval in a timely manner or on conditions acceptable to the Company or the failure of the U.S. Redomiciliation to be completed for any other reasons (or to be completed in a timely manner); failure to obtain approval from the TSX or satisfy the listing requirements of Nasdaq in a timely manner or at all; incurrence of costs associated with the U.S. Redomiciliation beyond those estimated; unanticipated adverse tax consequences to the Company and Keel Infrastructure Corp. in connection with the U.S. Redomiciliation; the impact on the announcement and pendency of the U.S. Redomiciliation on the Company’s business, results of operations and financial conditions; the anticipated benefits of the rebalancing of operations to North America and the North American energy and compute infrastructure strategy may not be realized or the realization of such benefits may be delayed; an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, as well as capital market conditions in general; share dilution resulting from equity issuances; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the Company's annual information form for the year ended December 31, 2024, management’s discussion & analysis for the year-ended December 31, 2024 and management's discussion and analysis for the three and nine months ended September 30, 2025. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Bitfarms (BITF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bitfarms (BITF +8.42%) will report its fourth-quarter and full-year 2025 earnings on March 31 before the market opens. Since the company is going through a big transition, from Bitcoin mining to artificial intelligence (AI) infrastructure, this next earnings report is an important one.
It could also have an outsize impact on the share price. If you already own Bitfarms or have it on your watch list, you may be wondering whether you should add shares in the lead-up to earnings.
Image source: Getty Images.
There's certainly a chance Bitfarms' stock pops if it has good news to report. CEO Ben Gagnon first announced plans to wind down Bitcoin mining and transition to high-performance computing (HPC) and AI infrastructure in November 2025.
Any customer commitments for Bitfarms' planned AI data centers would be a positive sign. The company has a 2.1-gigawatt North American energy portfolio, so the capacity is there.
Gagnon has also said that its Washington state site alone, currently in the process of being converted to handle HPC/AI workloads, "could potentially produce more net operating income than we have ever generated with Bitcoin mining." Now, Bitfarms needs to demonstrate that it can secure tenants to make those claims a reality.
Today's Change
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At this stage, Bitfarms is a risky investment. It's less than six months into its AI infrastructure pivot, which will require significant spending, and it's entering a competitive market. There's no shortage of AI companies building data centers. I'd hold off on buying Bitfarms for now and at least wait to see its Q4 results.
Lyle Daly has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
BITF heads into Q4 earnings with rising revenues but mounting losses, as heavy AI-driven capex, impairments and debt weigh on the profitability outlook.
Shares of Bitfarms Ltd. (TSE:BITF – Get Free Report) fell 4.3% during trading on Friday . The stock traded as low as C$2.70 and last traded at C$2.70. 165,364 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 4,347,393 shares. The stock had previously closed at C$2.82.
Bitfarms Stock Performance The company has a current ratio of 3.20, a quick ratio of 0.63 and a debt-to-equity ratio of 12.05. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of -11.91 and a beta of 3.64. The stock’s 50 day moving average is C$3.09 and its two-hundred day moving average is C$3.99.
Insider Activity at Bitfarms In other news, Director Brian Howlett sold 88,239 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of C$4.30, for a total transaction of C$379,427.70. Following the completion of the sale, the director owned 144,946 shares in the company, valued at approximately C$623,267.80. This represents a 37.84% decrease in their ownership of the stock. Insiders own 23.38% of the company’s stock.
About Bitfarms (Get Free Report)
Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Companyâ¿¿s proprietary data analytics system delivers best-in-class operational performance and uptime.Bitfarms currently has 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.
Further Reading Five stocks we like better than Bitfarms Receive News & Ratings for Bitfarms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitfarms and related companies with MarketBeat.com's FREE daily email newsletter.
Here’s a look at the earnings calendar for the holiday-shortened week of March 30, 2026, which also marks the end of the first calendar quarter of 2026.
RZLV stock is moving. See the chart and the price action here. Monday, March 30Before Market Open:Rezolve AI Plc (NASDAQ:RZLV) kicks the week off with its fiscal year results released before Monday’s opening bell.
After Market Close:Investors will likely focus on cash burn, runway and any updated timetable for scaling commercial flights and reducing operating losses.
Gorilla Technology Group Inc. (NASDAQ:GRRR) will also report after Monday’s closing bell.
Tuesday, March 31Before Market Open:The following companies are set to report before the opening bell on Tuesday:
After Market Close:The print is likely to be overshadowed by guidance and commentary on China demand, direct-to-consumer weakness, tariffs and CEO Ellliot Hill’s “Win Now” turnaround plan efforts as investors weigh a more than 50% stock drawdown since 2021.
The following companies will also report on Tuesday afternoon:
Wednesday, April 1Before Market Open:Canadian cannabis company Tilray Brands, Inc. (NASDAQ:TLRY) is set to report Q4 results on Wednesday morning.
Analysts are looking for a loss of 14 cents per share and revenue of $201.35 million, according to Benzinga Pro estimates.
Cal-Maine Foods, Inc. (NASDAQ:CALM) Conagra Brands Inc. (NYSE:CAG) Novagold Resources Inc. (AMEX:NG) Thursday, April 2 Before Market Open: Underwater robotics firm Nauticus Robotics, Inc. (NASDAQ:KITT) will report Q4 results on Thursday morning.
Note: The markets are closed on Friday, April 3 in observance of Good Friday.
Photo: Miha Creative / Shutterstock
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Commercialization efforts underway at Panther Creek (PA), Sharon (PA), and Moses Lake (WA)
$520 million of cash and Bitcoin on the balance sheet to support site development as of March 27, 2026
Continuing to advance 2.2 GW development pipeline across Washington state, Pennsylvania and Québec sites
Shareholders approved redomiciliation to the U.S. from Canada; closing of the transaction expected on or about April 1, 2026; Bitfarms will rebrand to Keel Infrastructure on closing
TORONTO, Ontario and NEW YORK, March 31, 2026 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a North American digital and energy infrastructure company, today reported its financial results for the year ended December 31, 2025. All financial references are in U.S. dollars. The Company has transitioned from preparing its financial statements in accordance with International Financial Reporting Standards ("IFRS") to accounting principles generally accepted in the United States of America (“U.S. GAAP”). All comparative figures in this release have been adjusted to U.S. GAAP for consistency.
"Everything we built in 2025 — the sites, the team, the balance sheet — was in service of one thesis: that HPC/AI's exponential growth requires top-tier infrastructure, and we intend to build to meet that demand," said Ben Gagnon, CEO. "Earlier this month, our shareholders overwhelmingly approved our U.S. redomiciliation and rebrand to Keel Infrastructure, marking a pivotal milestone in our evolution. Keel is more than a name, it is a testament to the company we have become — a regional leader in Pennsylvania, Washington state, and Québec, three of North America’s most strategic and supply-constrained data center hubs. The market is responding: we're seeing strong inbound interest from investment-grade counterparties seeking the attributes our power-secured portfolio can deliver.”
"Since joining the team five months ago, my focus has been on sharpening our approach to capital allocation, strengthening our balance sheet and capital structure, and ensuring that financing decisions support long-term shareholder value creation," said Jonathan Mir, CFO. “The repayment of our Macquarie debt facility demonstrates this — it simplified our capital structure and provides us greater flexibility heading into the next phase of development. We are well capitalized to advance our sites through leasing, and we have the financial capacity to execute on the significant opportunities ahead.”
Strategic and Operational Highlights
In March 2026, the Company received shareholder approval to complete a statutory plan of arrangement to redomicile from Canada to the United States and rebrand as Keel Infrastructure (the “U.S. Redomiciliation”). The U.S. Redomiciliation is expected to be completed on or about April 1, 2026. Following completion of the U.S. Redomiciliation, Keel will be the ultimate parent company of Bitfarms and will be headquartered in New York City. Trading under the new ticker “KEEL” is expected to begin on Nasdaq and TSX two business days following completion of the U.S. Redomiciliation, in substitution for the Bitfarms shares, which will be delisted from Nasdaq and TSX at that time.Active go-to-market processes at Panther Creek, Sharon, and Moses Lake.Secured zoning approval from the Nesquehoning Planning Commission for our Panther Creek site, a significant milestone in our infrastructure development process.Expanded our infrastructure and corporate teams with senior hires averaging over 20 years of experience in HPC data center construction, large-scale project management and infrastructure.Appointed Edie Hofmeister as Chair of the Board of Directors, bringing extensive U.S. public company, infrastructure, governance, and capital markets experience.In February 2026, repaid in full the $100 million outstanding under the Company's $300 million Macquarie debt facility, strengthening the balance sheet and providing flexibility to pursue more cost-effective financing at either the project level or parent level for Panther Creek and other development sites. Development Pipeline
The Company is advancing a 2.2 GW digital infrastructure development pipeline across North America:
Total Capacity Under ManagementEnergized CapacityCapacity provided by utilities and currently being used on site341 MW1Secured CapacityCapacity with executed agreements with the utilities for delivery of capacity at a future date430 MWExpansion CapacityCapacity under application, being studied by utilities or evaluated for on-site behind-the-meter power generation1.5 GWTotal PipelineThe sum of all MW: Energized, Secured and Expansion capacities2.2 GW 1 Includes 123 MW of capacity that is currently being used on site but not under an ESA; therefore, this capacity is not treated as secured and is included in expansion capacity
Liquidity*
As of March 27, 2026, the Company had total liquidity of approximately $520 million comprising approximately $359 million in unrestricted cash and approximately $161 million in unencumbered Bitcoin.
Fiscal Year 2025 Financial Highlights from Continuing Legacy Operations**
Revenue of $229 million, up 72% Y/Y.General and administrative expenses of $78 million, compared to $62 million in FY 2024. The difference was largely driven by an increase of overall headcount to support the expansion in the U.S. and following the Stronghold acquisition.Operating loss of $150 million, including non-cash depreciation of $98 million and $28 million of impairment charges, compared to an operating loss of $28 million in FY 2024, which included $102 million of non-cash depreciation and $4 million of impairment. Y/Y change primarily reflects a $22 million net loss related to change in fair value of digital assets in FY 2025, compared to a net gain of $53 million in 2024. This shift was primarily driven by the decline in Bitcoin prices and realization of gains on disposal of Bitcoin during the year.Loss from continuing operations of $209 million, or a $0.38 loss per basic and diluted share, compared to a loss of $7 million, or a $0.02 loss per basic and diluted share, in FY 2024. The increase was largely due to change in fair value of digital assets, primarily due to a decline in Bitcoin prices and realization of gains on disposal of Bitcoin during the year.Adjusted EBITDA* of $29 million, or 13% of revenue, down from $31 million or 23% of revenue in FY 2024.
*Adjusted EBITDA is a non-GAAP financial measure and should be read in conjunction with, and should not be viewed as alternative to or replacement of measures of operating results and liquidity presented in accordance with U.S. GAAP. In addition, the Company's non-GAAP measures are adjusted to exclude discontinued operations, to align with the presentation in our financial statements. Refer to reconciliation to the most comparable GAAP measure included at the end of this press release.
**In 2025, the Company began to execute a strategic transformation, pivoting to North American HPC infrastructure and away from Bitcoin mining operations. Following the rebalancing of our portfolio, our Latin American assets are classified as sold or held for sale. The facilities have met the criteria and are now classified as discontinued operations. Continuing operations refer to our North American portfolio.
Conference Call
Management will host a conference call today, March 31, 2026 at 8:00 a.m. Eastern.
The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.
Non-GAAP Measures*
Bitfarms follows U.S. GAAP. Under U.S. GAAP, the revaluation gains and losses on the mark-to-market of its Bitcoin holdings and the realized gains and losses on the disposition of Bitcoins are reflected in its income statement. The Company also does not include the revaluation gains or losses on the mark-to-market of its Bitcoin holdings and the realized gains or losses on the disposition of Bitcoins in Adjusted EBITDA, which is a measure of the cash profitability of its operations and does not reflect the change in value of its assets and liabilities.
The Company uses Adjusted EBITDA to measure its operating activities' financial performance and cash generating capability, to assess profitability before the impact of the items excluded from EBITDA, to provide users with a consistent and comparable measure of
profitability, and to facilitate comparisons of operating performance.
About Bitfarms Ltd.
Bitfarms is a North American digital and energy infrastructure company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. With a pipeline of 2.2 gigawatts and established grid interconnections already in place, Bitfarms provides scalable infrastructure solutions in strategic, emerging data center markets. Bitfarms trades on Nasdaq and TSX under the ticker "BITF". Learn more at bitfarms.com.
On or about April 1st, 2026, the U.S. Redomiciliation is expected to close and Bitfarms will rebrand to Keel Infrastructure. Keel common stock is expected to begin trading on Nasdaq and TSX under the ticker "KEEL" two business following the effective date of the U.S. Redomiciliation in substitution for the Bitfarms shares, which will be delisted from Nasdaq and TSX at that time.
Glossary of Terms
FY = Fiscal YearGW = GigawattsHPC/AI = High Performance Computing / Artificial IntelligenceKeel = Keel InfrastructureMW = MegawattsY/Y = Year over Year Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the North American energy and compute infrastructure strategy, opportunities relating to the potential of the Company’s data centers for HPC/AI opportunities, the prospective location of the Company’s facilities to developing AI infrastructure regions, the merits of the expansion of the sites of current facilities, our development pipeline, the availability of funds for the Company’s development activities, the success of the Company’s HPC/AI strategy in general and its ability to capitalize on growing demand for AI computing while securing predictable cash flows and revenue diversification, the benefits of the transition to U.S. GAAP accounting and a second principal office in the U.S. as part of a broader U.S. pivot strategy, the Company’s energy pipeline and its anticipated megawatt growth, the Company’s ability to drive greater shareholder value, the U.S. Redomiciliation, the benefits of the U.S. Redomiciliation, the delisting of the Bitfarms shares from, and the listing and trading of Keel common stock on, Nasdaq and the TSX, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.
This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: our limited operating history and history of operating losses, which make it difficult to evaluate our business and prospects; our evolving business model and strategy, including our strategic transformation from Bitcoin mining to high-performance computing (“HPC”) infrastructure, which may not be successful; our dependence on reliable and economical sources of power, including regulated electricity rates in Québec, Pennsylvania, and Washington; our reliance on a limited number of third-party suppliers and manufacturers, including those in foreign jurisdictions, exposing us to supply chain disruptions, trade restrictions, and tariff risks; delays, cost overruns, and other risks associated with the continued development of our existing and planned facilities; intense competition from other Bitcoin mining companies and established HPC data center operators, some of which may have greater resources and experience; the potential inadequacy of our insurance coverage to protect against all losses; our increased focus on developing HPC and AI data centers may not become profitable and may divert resources from our Bitcoin mining operations; the capital-intensive nature of constructing HPC data centers and our potential inability to secure financing for such efforts; significant competition for suitable data center sites and regulatory constraints that could adversely impact our development pipeline; our dependence on significant customers for our HPC data centers, and the risk of customer default or failure to make timely payments; the rapidly evolving regulatory landscape surrounding HPC, AI, and Bitcoin mining, which may negatively impact our expansion efforts; the high volatility of Bitcoin prices, which has significantly affected and will continue to affect the profitability of our operations; periodic Bitcoin halving events that reduce mining rewards and could render our mining operations unprofitable; increases in cryptocurrency network difficulty and global computing power that could reduce our mining revenues; our reliance on a single third-party mining pool operator, subjecting us to concentration risk; fraud or failure of Bitcoin exchanges, custodians, and other trading venues that could adversely impact Bitcoin prices and our business; our requirement to obtain and comply with numerous government permits and approvals across multiple jurisdictions; extensive environmental, energy, and climate-related regulation that could result in significant additional costs or liabilities; political uncertainty in the U.S. and internationally, including potential regulatory and policy changes affecting the cryptocurrency and data center industries; cybersecurity threats and hacking attacks that could compromise our systems and data; the potential classification of the Company as a passive foreign investment company, which could result in adverse tax consequences for U.S. holders; the need for additional capital in the future, with no assurance that financing will be available on acceptable terms; risks that our hedging activities may not be effective and could result in significant losses; counterparty risk with respect to the capped call transactions entered into in connection with the convertible notes; potential dilution to shareholders from future issuances of capital stock, conversion of convertible notes, or exercise of options and warrants; and risks related to the U.S. Redomiciliation, including the possibility that anticipated benefits may not be realized. . For further information concerning these and other risks and uncertainties, refer to Bitfarms' filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. There may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative.
Bitfarms Ltd. Consolidated Financial & Operational Results
Year ended December 31, (U.S.$ in thousands except where indicated) 2025 2024 2023 2025 v. 20242024 v. 2023 $ Change% Change$ Change% Change Revenues$229,276 $133,274 $120,400 $96,002 72%$12,874 11%Cost of revenues (248,180) (149,186) (144,142) (98,994)66% (5,044)3%Gross loss (18,904) (15,912) (23,742) (2,992)19% 7,830 (33)%Gross margin(8)%(12)%(20)% — — — — Operating expenses General and administrative expenses (78,339) (61,925) (33,867) (16,414)27% (28,058)83%Change in fair value of digital assets (50,522) 26,015 7,558 (76,537)(294)% 18,457 244%Realized gain on sale of digital assets 28,219 27,209 7,713 1,010 4% 19,496 253%(Loss) gain on disposition of property, plant and equipment and deposits (1,612) 227 (2,055) (1,839)(810)% 2,282 111%Impairment of long-lived assets and deposits (28,442) (3,628) (5,604) (24,814)684% 1,976 (35)%Operating loss (149,600) (28,014) (49,997) (121,586)434% 21,983 (44)%Operating margin(65)%(21)%(42)% — — — — Interest income 6,288 6,037 1,420 251 4% 4,617 325%Interest expense (8,623) (745) (2,865) (7,878)nm 2,120 (74)%(Loss) gain on derivative assets and liabilities (50,415) 17,819 48 (68,234)(383)% 17,771 nmGain on extinguishment of long-term debt — — 12,835 — —% (12,835)(100)%Other expense (6,063) (2,110) (1,528) (3,953)187% (582)38%Total other (expense) income (58,813) 21,001 9,910 (79,814)(380)% 11,091 112%Loss before taxes from continuing operations (208,413) (7,013) (40,087) (201,400)nm 33,074 (83)% Income tax (expense) recovery (101) (346) 154 245 (71)% (500)(325)%Loss from continuing operations$(208,514)$(7,359)$(39,933)$(201,155)nm$32,574 (82)%Loss from discontinued operations(1)$(76,030)$(21,006)$(15,578)$(55,024)262%$(5,428)35%
Net loss$(284,544)$(28,365)$(55,511)$(256,179)903%$27,146 (49)% nm: not meaningful 1Excluding discontinued operations in Rio Cuarto, Argentina, which have been abandoned due to the halting of the energy supply since May 12, 2025 and economic uncertainty in the region, and in Paso Pe, Paraguay, which met the criteria to be classified as “held for sale” as we make a strategic shift towards HPC Infrastructure in North America. Bitfarms Ltd. Reconciliation of Consolidated Net (loss) income from continuing operations to EBITDA and Adjusted EBITDA from Continuing Operations**
Year ended December 31, (U.S.$ in thousands except where indicated) 2025 2024 2023 2025 v. 20242024 v. 2023 $ Change% Change$ Change% ChangeRevenues$229,276 $133,274 $120,400 $96,002 72%$12,874 11% Loss before taxes from continuing operations (208,413) (7,013) (40,087) (201,400)nm 33,074 (83)%Interest income (6,288) (6,037) (1,420) (251)4% (4,617)325%Interest expense 8,623 745 2,865 7,878 nm (2,120)(74)%Depreciation and amortization 98,130 102,469 65,043 (4,339)(4)% 37,426 58%Sales tax recovery - depreciation and amortization — (8,760) — 8,760 100% (8,760)100%EBITDA (107,948) 81,404 26,401 (189,352)(233)% 55,003 208%EBITDA margin (47)%
61% 22% Stock-based compensation 14,768 12,079 10,606 2,689 22% 1,473 14%Realized gain on disposition of digital assets (28,219) (27,209) (7,713) (1,010)4% (19,496)253%Change in fair value of digital assets 50,522 (26,015) (7,558) 76,537 nm (18,457)244%Impairment of long-lived assets and deposits 28,442 3,628 5,604 24,814 684% (1,976)(35)%Loss (gain) on derivative assets and liabilities 50,415 (17,819) (48) 68,234 nm (17,771)nmGain on extinguishment of long-term debt — — (12,835) — —% 12,835 100%Gain on derecognition of warrants — (62) — 62 100% (62)100%Gain on settlement of Refundable Hosting Deposits (945) — — (945)100% — —%Costs not associated with ongoing operations(1) 13,283 13,766 — (483)(4)% 13,766 100%Sales tax recovery - prior years - energy and infrastructure and G&A expenses(2) — (16,063) 9,281 16,063 100% (25,344)(273)%Other expense (income)(3) 8,620 7,604 2,775 1,016 13% 4,829 174%Adjusted EBITDA$28,938 $31,313 $26,513 $(2,375)(8)%$4,800 18%Adjusted EBITDA margin 13% 23% 22% 1Costs not associated with ongoing operations for the year ended December 31, 2025 includes $9.2 million of customs duties following a determination by the U.S. Customs and Border Protection regarding Miners imported by us in 2021, $1.6 million of professional fees related to the acquisition of Stronghold, $1.4 million of professional fees related to the U.S. re-domiciliation and $0.8 million related to the U.S. GAAP conversion, $0.2 million of professional fees related to exit strategies for our South America operations, and $0.1 million of professional fees related to the sale of Yguazu. Costs not associated with ongoing operations for the year ended December 31, 2024 include $12.4 million of professional fees incurred in relation to the dispute with Riot Platforms Inc. and $1.3 million of professional fees related to the acquisition of Stronghold.2Sales tax recovery relating to energy and infrastructure and general and administrative expenses have been allocated to their respective periods.3Other expense for the year ended December 31, 2025 includes $3.4 million of other financial expense included in Other expenses (income) of the Statement of Operations, $3.1 million related to the amortization of the credit facility transaction costs, the $1.6 million loss on disposal of PPE and the $0.4 million loss on exchange rates. Other income for the year ended December 31, 2024 includes $4.1 million of termination payments, $1.5 million of Washington sales and property taxes, $0.9 million loss on initial recognition of refundable hosting deposit, $0.9 million loss on exchange rates, $0.3 million of other financial expense included in Other expenses (income) of the Statement of Operations and $0.2 million gain on disposal of PPE. Other income for the year ended December 31, 2023 includes the $2.1 million loss on disposal of PPE, $0.9 million of other financial expense included in Other expenses (income) of the Statement of Operations, $0.8 million Washington tax reversal and $0.6 million loss on exchange rates.
Bitfarms has rebranded as Keel Infrastructure Corp., shifting its business model from Bitcoin mining to pure-play data center colocation and powered shell infrastructure. KEEL now owns a 2.2 GW gross capacity portfolio, with Scrubgrass as a potentially transformative gigacampus pending power interconnection progress through 2026. The pivot to colocation reduces CapEx and depreciation risk, aligning Keel more closely with peers and customer demand, but inherited financial liabilities remain a concern.
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Bitcoin (CRYPTO: BTC) has always been touted as a digital gold you buy and hold—and will go up if you’re patient enough. That narrative convinced public companies to load their balance sheets with BTC through 2024 and 2025, raising billions and telling shareholders Bitcoin was the smartest place to put corporate cash.
Now that the Bitcoin price has dropped 47% from its October 2025 high, those same companies are selling off their holdings. MARA dumped 15,133 BTC to retire $1 billion in debt, Bitdeer sold its entire treasury down to zero, while Bitfarms told investors it’s no longer a Bitcoin company. Genius Group also liquidated its last 84 BTC to repay a court-ordered debt, and Strategy, which is the biggest BTC believer, has paused its buying.
The Bitcoin price is still around $69,000 despite all of it, but the current macro headwinds point to more downturn. So, is Bitcoin still a digital gold to hold as companies sell off their bags?
Which Companies Are Selling Bitcoin and Why?
The Bitcoin holdings selling is spread across companies in different sectors, including miners, treasury firms, and even a sovereign government. Here are the biggest BTC sales by companies so far in 2026:
Company BTC Sold Proceeds Reason BTC Remaining MARA Holdings 15,133 $1.1B Retire $1B in convertible notes at 9% discount 38,689 Riot Platforms 3,778 $289.5M Liquidity needs and AI pivot 15,680 Cango (now EcoHash) 4,451 $305M Repay BTC-collateralized loan and fund AI pivot 3,645 Bitdeer 2,000 Undisclosed Full liquidation to fund AI/HPC shift 0 Bitfarms (now Keel Infrastructure) Ongoing $28.2M Selling all remaining BTC, exiting mining entirely 1,827 Genius Group 84 $5.6M Court-ordered debt repayment 0 Empery Digital 370 $24.7M Repay term loan 2,989 Bhutan (sovereign) 3,103 Undisclosed Systematic reduction of sovereign holdings Reduced Most of these companies raised billions through zero-coupon convertible notes in 2024 and 2025 specifically to buy Bitcoin. With the Bitcoin price dropping 47% from its all-time high, those notes didn’t shrink with the price, so the companies are liquidating the BTC they bought to repay the debt they used to buy it. Some did it strategically, while others had no choice. Genius Group was forced to sell by a court order that blocked it from raising capital any other way.
Bitcoin mining firms are selling as it now costs up to $80,000 to mine one Bitcoin. Bitfarms declared that it is no longer a Bitcoin company and is rebranding as Keel Infrastructure to build AI data centres. Cango rebranded as EcoHash and is deploying GPU units across over 40 sites. CoreWeave’s $9 billion acquisition of Core Scientific proved the market values miner infrastructure more for AI than for Bitcoin, and the rest of the industry is following.
Why the Bitcoin Price Hasn’t Crashed Despite the Selling
You’d expect the roughly $2 billion in corporate Bitcoin selling in Q1 to have pushed the BTC price off a cliff, but Bitcoin has held above $66,000 through all of it. The reason is that the selling has been matched almost dollar for dollar by consistent buying. Public companies still hold roughly 1.16 million BTC, which is more than 5% of Bitcoin’s total fixed supply.
Strategy (NASDAQ:MSTR | MSTR Price Prediction) alone added 90,831 BTC across 13 consecutive weeks from late December through March, absorbing more supply than what other companies sold combined. At 766,970 BTC, Strategy holds more than every other public company put together, and its average cost of $75,694 means Saylor is underwater right now but hasn’t sold a single coin despite that. Strategy’s buying is essentially why the selling hasn’t affected the Bitcoin price much.
Bitcoin ETFs have also helped stabilize the price. In March, Bitcoin ETF products posted $1.32 billion in net inflows, which was the first positive month after four consecutive months of outflows. Cumulative BTC ETF inflows since launch are above $56 billion with $90.3 billion in total assets. While miners and overleveraged treasury firms dumped BTC to pay off debt, Strategy and ETFs have been absorbing the supply before it can weigh on the Bitcoin price.
Bitcoin Price Prediction: Where Could BTC Go From Here?
Most of the forced corporate selling is either done or winding down, and Bitcoin held above $66,000 through all of it. Where the BTC price goes from here depends on how well macro conditions improve.
Bullish Prediction: $80,000–$100,000 If the Iran war winds down and oil prices drop enough to bring rate cut expectations back, Bitcoin could break above the $75,000 resistance. Post-halving supply is tight at just 450 BTC mined per day, so it wouldn’t take a massive surge in buying to push the Bitcoin price into the $80,000 to $100,000 range by the second half of the year. The CLARITY Act passing in late April would likely accelerate the move, as it is a key catalyst the broader market is waiting on.
Base Prediction: $68,000–$75,000 If the war continues without major escalation and oil prices hover around current levels, Bitcoin would probably keep grinding between $68,000 and $75,000 for most of Q2. ETF inflows have already started turning positive again after four straight months of outflows, and Strategy is likely to resume buying once it secures fresh capital. That’s enough to hold the $66,000 support, but without a genuine shift in the macro conditions, BTC would need a catalyst it doesn’t currently have to break out convincingly above $75,000.
Bearish Prediction: $55,000–$60,000 A further escalation in the war could crack the $66,000 support. Mining already costs up to $80,000 per BTC, so a drop into the $55,000 to $60,000 range would push more miners into forced selling just to cover operational costs. And that’s the same cycle that’s been driving the corporate dumping all year. Such a scenario would likely mark a capitulation bottom, which would see Bitcoin drop below $60,000.
What the Corporate Selling Means for the Bitcoin Price The companies that bought Bitcoin with borrowed money are paying the price for it now, but the selling hasn’t broken the market. Strategy and the ETFs have absorbed the selling pressure, and the BTC price is still above $66,000 after more than $2 billion in corporate sales in Q1.
Where Bitcoin goes from here is less about the companies selling and more about whether the macro conditions that forced them to sell start to change. Our conservative prediction has BTC grinding between $68,000 and $75,000 through Q2, but if the war ends and the CLARITY Act passes, the path to $80,000 would open up again.
Eightco (NASDAQ:OCTO – Get Free Report) and Bitfarms (NASDAQ:BITF – Get Free Report) are both small-cap business services companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, profitability, dividends, risk, valuation, earnings and institutional ownership.
Risk and Volatility Eightco has a beta of 0.84, meaning that its stock price is 16% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.77, meaning that its stock price is 277% more volatile than the S&P 500.
Profitability This table compares Eightco and Bitfarms’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Eightco -21.43% -91.96% -19.64% Bitfarms -48.26% -4.48% -3.71% Institutional & Insider Ownership 12.9% of Eightco shares are held by institutional investors. Comparatively, 20.6% of Bitfarms shares are held by institutional investors. 13.6% of Eightco shares are held by company insiders. Comparatively, 9.5% of Bitfarms shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Valuation and Earnings This table compares Eightco and Bitfarms”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Eightco $43.87 million 0.07 $710,000.00 ($3.02) -0.35 Bitfarms $229.28 million 7.57 -$138.65 million ($0.23) -12.52 Eightco has higher earnings, but lower revenue than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Eightco, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of current recommendations and price targets for Eightco and Bitfarms, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Eightco 0 0 0 0 0.00 Bitfarms 1 1 7 0 2.67 Bitfarms has a consensus target price of $4.14, suggesting a potential upside of 43.75%. Given Bitfarms’ stronger consensus rating and higher probable upside, analysts clearly believe Bitfarms is more favorable than Eightco.
Summary Bitfarms beats Eightco on 10 of the 14 factors compared between the two stocks.
About Eightco (Get Free Report)
Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc. and changed its name to Eightco Holdings Inc. in April 2023. Eightco Holdings Inc. was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
About Bitfarms (Get Free Report)
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
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At 5.00 PM Eastern time, Bitcoin (BTC +2.70%) had slipped 1.6% to $76,978.87 while Ethereum (ETH +2.58%) was down 3.2% to $2,290.06 and Solana (SOL +4.78%) declined 2.9% to $84.19.
Crypto market moversMost of the top cryptocurrencies by market cap fell today on broader geopolitical concerns. Bitcoin continues to consolidate, but has struggled to retake the $80,000 mark as profit-taking and uncertainty weigh on prices. Bitcoin treasury company, Strategy added another $255 million of Bitcoin to its balance sheet last week.
Meanwhile, Aave , a popular decentralized finance and lending platform, edged higher. Key players in crypto have contributed to a fund aimed at making investors whole after criminals stole around $200 million in a major hack.
What this means for investorsBitcoin’s recent rally flagged slightly today amid stalled U.S.-Iran talks. That said, the lead cryptocurrency is still up about 14% over the past month, and market sentiment, measured by the Fear and Greed index, just moved out of “Fear” and into “Neutral.” The index uses a mix of metrics to capture investor mood and has been subdued in recent months.
Investors continued to buy spot Bitcoin ETFs on Friday, marking nine consecutive days of positive inflows. However, investor demand for Ethereum ETFs has been slower, and there are more sellers of Solana ETFs than buyers, reflecting investor caution. There are some signs of price recovery, but it is early days, and the full impact of the current geopolitical upheavals and high energy prices is unclear.
Emma Newbery has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Aave, Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy.
Bitcoin surged in April, but its run could be on shaky ground, according to crypto data provider CryptoQuant.
The flagship crypto coin gained 12.7% for the month, registering back-to-back monthly gains and its best month since April 2025. It eked out a nearly 2% gain in March, following five consecutive down months. Ether gained 8% in the same period, also its second up month in a row and best month since August.
Perpetual futures — the dominant source of leveraged crypto trading activity — was the "sole driver" of the rally, however, according to CryptoQuant. The firm's apparent demand metric, which tracks the 30-day change in outright purchases of bitcoin, stayed negative throughout April while futures demand rose.
The two trends combined are often a warning sign, according to Julio Moreno, head of research at CryptoQuant. They suggest the upward price action is fueled by speculation rather than fundamentals.
"This divergence – rising futures demand alongside contracting spot demand – suggests price appreciation is driven by leverage rather than fresh coin accumulation," Julio Moreno, head of research at CryptoQuant, said in a report Thursday. "Historically, such configurations lack the structural foundation required to sustain price gains and typically resolve via correction once futures positioning unwinds."
Bitcoin surged in April, after ekeing out a modest March gain that followed five consecutive down months.
The data also underscores the shifting environment for crypto exchanges and importance of crypto derivatives – which include perpetual futures and, increasingly, prediction markets.
Perpetual futures, better known as "perps," continue to be the dominant venue for trading activity, liquidity and price discovery. At the same time, spot trading, which early crypto exchanges were built around, is becoming a less reliable engine for steady revenue because it depends on sustained accumulation cycles, which aren't always present.
In 2026, crypto demand has been uneven and mostly reactive. Price action has been closely tied to the broader market – driven by shifting U.S. interest rate expectations and periodic geopolitical shocks stemming from the Iran war, rather than regular spot accumulation and underlying buyer demand. The industry also lacks catalysts as regulatory progress – specifically on the market structure bill known as the CLARITY Act – remains stalled.
Moreno noted that a similar pattern – increased futures demand with contracting spot demand – appeared at the start of the 2022 bear market and was followed by a prolonged drop in price. With that in mind, the current uptrend could carry downside risk if the broader market remains in a bearish phase, Moreno said in the report.
Of course, the market during that period was closely tied to an aggressive rate-hiking cycle and a system-wide contagion event in the crypto industry. It also preceded institutions' embrace of bitcoin and the introduction of spot bitcoin ETFs as well as corporate bitcoin accumulators outside of Strategy, then called MicroStrategy.
"This is not a case of lagging spot demand catching up to futures," Moreno said. "Rallies built on this structure tend to be self-limiting. Without spot demand growth to sustain elevated prices, the unwind of futures positioning typically becomes the driver of the subsequent correction."
Net inflows into bitcoin ETFs totaled $1.9 billion in April, bringing total net assets to $100.53 billion. Bitcoin treasury companies increased their net holdings by about 58,000 coins worth roughly $4.4 billion at month-end prices.
After hitting the April high of about $79,500, bitcoin logged mostly lower lows for the rest of the month. On Friday it was up more than 2% for the first day of May trading, just a little more than 1% away from its April high.
Bitfarms NASDAQ: BITF, now presenting as Keel Infrastructure, used its first-quarter 2026 earnings call to emphasize its shift from Bitcoin mining toward North American digital infrastructure for high-performance computing and artificial intelligence customers.
Accounts and bourbon groups can select rare barrels in person from the master distiller's private collection
, /PRNewswire/ -- In the era of Prohibition, there were those who had their secret stashes, and those who didn't. That spirit carries on to this day at the historic Ross & Squibb Distillery, home of award-winning Remus Bourbon. Accounts and bourbon groups are invited to experience the Remus Distiller's Vault barrel program – and make a barrel pick from Master Distiller Ian Stirsman's private collection of Remus Straight Bourbon Whiskey aged 7, 9 or 11 years.
In the era of Prohibition, there were those who had their secret stashes, and those who didn’t. That spirit carries on to this day at the historic Ross & Squibb Distillery, home of award-winning Remus Bourbon. Accounts and bourbon groups are invited to experience the Remus Distiller’s Vault barrel program – and make a barrel pick from Master Distiller Ian Stirsman’s private collection of Remus Straight Bourbon Whiskey aged 7, 9 or 11 years. Stirsman set aside some of Ross and Squibb's most interesting and unique barrels for the Remus Distiller's Vault Single Barrel program. The limited selection of barrels is reserved for those who want to go behind the scenes at Ross & Squibb for the ultimate experience to hand-select the perfect bourbon alongside Stirsman.
"Distiller's Vault takes the barrel pick process to a much more personal level than we've done before," said Stirsman. "It's a chance for accounts to get a rare behind-the-scenes experience and select some really unique barrels."
Customers will choose from three different options:
11-Year Bourbon with a mash bill of 36% rye
Available in 115.2 proof (57.6% ABV) and 116.8 proof (58.4% ABV) varieties, with a minimum suggested retail price of $69.99 per 700mL bottle 9-Year Bourbon with a mash bill of 49% rye
Available in 115.5 proof (57.75% ABV) and 116.7 proof (58.35% ABV) varieties, with a minimum suggested retail price of $69.99 per 700mL bottle 7-Year Bourbon with a mash bill of 100% malted rye
Available at 115.2 proof (57.6% ABV), with a minimum suggested retail price of $69.99 per 700mL bottle Once bottled, Remus Distiller's Vault is presented in an elegant bottle featuring vertical fluting detail. The distinctive red and gold label displays the age statement below the "Selected By" account name, which is flanked by the proof and ABV details on either side.
Accounts and bourbon groups can start their request by contacting the Remus Bourbon Barrel Team through the online Remus Distiller's Vault barrel selection portal at SignatureSelection.Luxco.com/Brands/Remus. If an in-person distillery visit is not an option for an account, Stirsman may be able to arrange an account visit. To learn more about Remus Bourbon, visit RemusBourbon.com and follow @remusbourbon on Instagram, Facebook and TikTok.
About Luxco
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
Media Contact:
Patrick Barry (314)540-3865
[email protected]
Shares of MGP Ingredients, Inc. (NASDAQ: MGPI - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company.
A treat for aficionados and collectors, the new club delivers rare and award-winning Remus Bourbon expressions to members' doorsteps
, /PRNewswire/ -- Remus Bourbon has the perfect solution for bourbon lovers always on the hunt for top-rated, award-winning limited releases and insider knowledge on the acclaimed brand – the Remus Bottle Club. The newly established club delivers limited edition, hard-to-find bottles every quarter directly to members.
In addition, club members get a first look at what's ahead for Remus and receive invitations to special interactive virtual tasting events and deep dives into the storied history of Remus Bourbon and the iconic Ross & Squibb Distillery. The Remus Bottle Club is a game changer for fans, and membership is as easy as the click of a button at Remus.Club.
This spring's featured shipment is Remus Master Distiller Experimental Series No. 2 Straight Wheat Whiskey – the first wheat whiskey and first finished release from Remus Bourbon. Distilled in 2017 and finished in Tawny Port, White Port, Oloroso Sherry and Ruby Port casks, Series No. 2 features rich notes of dark chocolate and almond praline with tastes of chocolate layered with malty sweetness and earthiness and a lingering, warm finish slowly fading into a gentle nuttiness. Bottled at 113 proof (56.5% ABV) in an elegant fluted bottle, this exquisite innovation is a must-have for Remus Bourbon fans. Very limited quantities of Series No. 2 will be available to the public for purchase – acquiring it through the Remus Bottle Club ensures members receive the exclusive release plus opportunities to learn from Ross & Squibb Master Distiller Ian Stirsman.
"Our vision for the Remus Bottle Club has been to offer our biggest Remus Bourbon fans first access to our most limited releases like Repeal Reserve, our new Experimental Series and more," said Stirsman. "And we're also giving them a virtual look behind-the-scenes at the historic Ross & Squibb Distillery. It's the best of what we have to offer – a very exclusive opportunity and something we've never done before."
The Remus Bottle Club offers not only some of the finest bourbons, but the only way for fans to learn firsthand about what Stirsman and the Ross & Squibb distilling and blending teams are planning and bringing to life for the Remus brand.
Unlike many distilleries, Ross & Squibb's massive physical complex in Lawrenceburg, Indiana, is closed to the public. With a storied history dating back more than 200 years, and recognition for producing remarkable rye whiskeys for more than 150 years, the distillery became notorious during Prohibition under George Remus' pursuit of the finest bourbon reserves.
"There is so much history – in the mash bills, the distilling process, the barrels and across the historic property of Ross & Squibb," said Stirsman. "We're excited to share stories about the award-winning Remus portfolio and what it takes to make these exclusive releases while enjoying them together with our Remus Bottle Club members."
In addition to the rare bottles and exclusive private virtual events, Remus Bottle Club members receive free neat pours at Ross & Squibb's Kentucky-based sister distilleries – award-winning Lux Row Distillers, home of Blood Oath, Rebel, Ezra Brooks; and Limestone Branch Distillery, maker of Yellowstone Bourbon.
To learn more about Remus Bottle Club subscriptions visit Remus.Club.
About Luxco
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
Media Contact:
Patrick Barry (314)540-3865
[email protected]
The award-winning tequila brand partners with a master mixologist to host Tales on Tour industry events and competitions
, /PRNewswire-PRWeb/ -- El Mayor Tequila – the award-winning premium tequila from the Gonzalez family – has partnered with master mixologist and industry thought leader Tiffanie Barriere to support Tales on Tour industry events, a Tales of the Cocktail Foundation (TOTCF) initiative designed to bring the education, community, and celebration of cocktail culture to even more bartenders and hospitality professionals across the United States. El Mayor will be onsite in each Tour city to deliver product education led by Master Distiller Graciela Gonzalez.
El Mayor Tequila and TheTales of the Cocktail Foundation are giving two (2) U.S. bartenders and their plus ones a Tales of the Cocktail® (TOTC) Scholarship to attend the 2026 TOTC event in New Orleans in July. Winners will be selected through the national Honor Your El Mayor cocktail competition judged by Barriere, Gonzalez and a representative from TOTCF. Entries can be submitted through May 8 at LuxcoContest.com/National. (PRNewsfoto/El Mayor Tequila) "At its core, Tales on Tour brings the greater bartender community access to education, innovation, and meaningful opportunities to grow," said El Mayor Brand Manager Kayleigh Longo. "As tequila continues its rise in modern cocktail culture, we're proud to support a platform where novice and professional bartenders can learn, connect, and showcase their creativity."
In addition to the El Mayor Tour presence, the Tales of the Cocktail Foundation is giving two (2) U.S. bartenders and their plus ones a Tales of the Cocktail® (TOTC) Scholarship to attend the 2026 TOTC event in New Orleans in July. Winners will be selected through the national Honor Your El Mayor cocktail competition judged by Barriere, Gonzalez and a representative from TOTCF. Entries can be submitted through May 8 at LuxcoContest.com/National.
Attendees of the Tales on Tour events can enter online prior to the event for a chance to compete in a live competition, where one winner per city will also receive the TOTC Scholarship. Details are available at LuxcoContest.com/Regional.
"Crafting cocktails is both art and science—it takes skill, heart, and a whole lot of flavor," said Barriere. "The Tales of the Cocktail Foundation's Honor Your El Mayor competition, sponsored by El Mayor Tequila, gives both pros and up-and-comers a space to really show out and share their creativity—and I'm all the way here for it."
The Honor Your El Mayor cocktail competition is open to U.S. residents aged 21 or older. To qualify to be judged in the live and/or virtual competition, participants must submit a brief explanation of their "El Mayor" – an inspiring mentor or a moment that changed the trajectory of their career. Along with the write-up, contestants will be asked to provide an original recipe made with El Mayor and a photo of the completed cocktail.
El Mayor Tequila partners with Tales of the Cocktail Foundation to host multi-city industry events and sponsor local and national cocktail competitions /March 26, 2026 / Page 2 of 2
Each TOTC Scholarship winner (and their guest) will receive 1 TOTC Week-Long Seminar & Tasting Pass, 1 hotel room at TOTC host hotel, flight stipend, exclusive networking opportunities with industry leaders, and a tailored itinerary focused on personal growth.
For recipes and more information about El Mayor Tequila, or to find a retailer, visit ElMayor.com and follow @elmayortequila on Facebook, Instagram and TikTok.
To learn more about Tales On Tour, visit TalesoftheCocktail.org.
About El Mayor Tequila
Distilled and produced at Destiladora Gonzalez Lux in Arandas, Mexico, award-winning premium El Mayor Tequila is made with 100% estate-grown Blue Weber Agave from the valley area of Jalisco, Mexico. Led by fourth-generation Master Distiller Graciela Gonzalez, the El Mayor Tequila portfolio is crafted with the tradition, methodology and passion of the Gonzalez family's more than 150-year heritage and includes Blanco, Reposado, Rosado Reposado, Añejo, Extra Añejo, Cristalino and Café. Our expressions have earned prestigious industry acclaim including a platinum medal and Consumer's Choice Award at the 2025 SIP Awards, a gold medal at the 2025 ASCOT Awards and recognition as one of the top 10 tequilas in the world at the 2025 International Wines and Spirits Competition for El Mayor Reposado. To learn more, visit ElMayor.com and follow on Facebook, Instagram and TikTok.
About Luxco
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
About Tales Of The Cocktail Foundation
Tales of the Cocktail Foundation is a non-profit organization dedicated to empowering the global hospitality industry through education, advocacy, and community support. As the world's leading spirits education platform, the Foundation provides year-round programs and initiatives that foster professional growth and drive meaningful change. Each July, the industry gathers in New Orleans, the beating heart of cocktail culture and hospitality, for a one-of-a-kind conference that blends education, networking, and celebration like no other. Guided by its core pillars—Educate, Advance, and Support—the Foundation's impact extends far beyond the U.S. reaching professionals and communities around the world. Tales of the Cocktail will take place in New Orleans July 19-24, 2026. #totc2026
CONTACT:
Patrick Barry, BYRNE PR
314-540-3865
[email protected]
ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced plans to temporarily idle distilling operations at its Limestone Branch Distillery in Lebanon, Kentucky and Lux Row Distillers in Bardstown, Kentucky, as the company adjusts production levels to align with its current inventory levels. MGP will continue distilling operations at its largest facility in Lawrenceburg, Indiana, to.
ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced it plans to report results for the first quarter of 2026 prior to the opening of the Nasdaq market on Wednesday, April 29. On that day, Julie Francis, president and CEO, and Brandon Gall, CFO, will host a conference call at 10 a.m. ET to discuss the results, provide a general business update and answer questions. Please visit th.
Yellowstone Bourbon has donated more than $1 million to NPCA since 2018 to preserve and protect national parks
, /PRNewswire/ -- For nearly a decade, Yellowstone Bourbon has been supporting the National Parks Conservation Association – and the brand recently renewed its annual partnership with a $25,000 donation. With this gift Yellowstone Bourbon has surpassed the $1 million mark in total donations since its partnership with NPCA began in 2018, continuing its commitment to protect and preserve national parks.
Yellowstone Bourbon will participate in the National Parks Conservation Association’s year-long public engagement campaign United by Parks. The ongoing partnership has been a natural fit because of Yellowstone Bourbon's heritage and history, which is rich in Americana. As the nation's second-longest running bourbon brand, Yellowstone Bourbon was named for the national park and is led by Limestone Branch Distillery Founder Stephen Beam, a seventh-generation master distiller of Kentucky bourbon's renowned Beam and Dant families. Its commitment to protecting national parks is unmatched in the industry as the perfect intersection of respect for history and appreciation for adventure.
This year, as the nation commemorates the 250th anniversary of the Declaration of Independence, Yellowstone Bourbon will participate in the National Parks Conservation Association's year-long public engagement campaign United by Parks. NPCA's United by Parks campaign is a chance to commemorate America through the lens of our national parks, connect with our most treasured places, imagine what we would lose if they disappeared, and take action to protect them. Together, NPCA and Yellowstone Bourbon will call on Americans to renew our century-old commitment to protecting parks so they can continue to endure for future generations.
"NPCA is so proud to continue our important partnership with Yellowstone Bourbon, who has been an incredible ally in our work to protect our national parks, including their unparalleled beauty and rich history," said Tiernan Sittenfeld, President and CEO of National Parks Conservation Association. "As we celebrate America's 250th birthday this year, we're all in to defend and commemorate America's best idea, just as we have for more than a century. And we know Yellowstone Bourbon is too."
Throughout its partnership, Yellowstone and NPCA developed creative ways to share and amplify their work to protect the parks and wildlife while inspiring others to take action. These efforts include the creation of videos and music highlighting preservation projects for use in social media campaigns; the release of commemorative special-edition bourbons and on-the-ground adventures exploring Yellowstone National Park with Beam and more.
A lover of the outdoors and avid adventure traveler, Beam has been at the forefront of the brand's commitment to the parks and NPCA.
"I grew up visiting national parks and the excitement of exploration and being surrounded by nature has been with me ever since," said Beam. "Having the opportunity to give back and see the impact we're making is a dream come true, and I hope people will be inspired to get out and enjoy the parks and do what they can to keep them preserved for generations to come."
In 2023, NPCA awarded Yellowstone Bourbon its National Park Defender Award, bestowed annually to a partner demonstrating exceptional dedication to national park protection through authentic and impactful partnership with NPCA and educating its customers about the importance of taking action to protect parks.
About National Parks Conservation Association
Since 1919, the nonpartisan National Parks Conservation Association has been the leading voice in safeguarding our national parks. NPCA and its more than 1.9 million members and supporters work together to protect and preserve our nation's most iconic and inspirational places for future generations. For more information, visit npca.org.
About Yellowstone Bourbon
Founded by distiller Joseph Bernard Dant, Yellowstone Bourbon was named after the world's first national park in 1872. In 2011, seventh-generation Master Distiller Stephen Beam – a descendant of both the historic Dant and Beam distilling families – founded Lebanon, Kentucky-based Limestone Branch Distillery and resurrected the Yellowstone brand with the creation of Yellowstone Select Bourbon. Expressions in our Yellowstone family of premium bourbons and whiskeys have earned many spirits industry awards including Whisky Advocate's Top 20 Whiskies of the Year in 2025 as well as Double Platinum at the 2025 ASCOT Awards and multiple Gold medals at the 2025 SIP Awards and San Francisco World Spirits Competition. Since 2018, we have partnered with the National Parks Conservation Association, having donated over $1 million to preserve national parks. In 2026, Yellowstone Bourbon and our new Yellowstone Ready-to-Serve Cocktails are also supporting the Vital Ground Foundation to help preserve and protect threatened grizzly bear habitat. To learn more, visit YellowstoneBourbon.com and follow Yellowstone Bourbon on Facebook, Instagram, and TikTok, and follow Yellowstone Cocktails on Instagram and TikTok.
About Luxco
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
SOURCE Yellowstone Bourbon and National Parks Conservation Association
ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2026. “I'm pleased with our first quarter results, as sales were in-line with expectations, while adjusted EBITDA and adjusted basic EPS came in ahead of our plans. During the quarter, we remained focused on disciplined execution and long-term value creation, as we continued to navig.
MGP (MGPI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.36 per share a year ago.
A limited-edition collection inspired by the fairway conversations and shared vision that helped shape the brand's beginnings
, /PRNewswire/ -- Penelope Bourbon, one of the fastest-growing award-winning premium whiskey brands, announces the launch of Architects of Golf, a new limited-edition collection featuring three expressions inspired by the brand's earliest foundations. Rooted in connection and craftsmanship, the collection reflects long rounds on the course, easy camaraderie, and the formative vision that helped shape Penelope into the brand it is today.
Penelope Bourbon Unveils Architects of Golf In 2018, Penelope Bourbon began with two friends, Michael Paladini and Danny Polise, 18 holes of golf, and a shared exchange of ideas that would evolve into something much larger. Architects of Golf honors that origin story and the game that gave the founders space to think freely, build creatively, and shape what would become one of the most recognized names in modern American whiskey.
"Golf and bourbon are similar in that they both bring people together. Penelope started as an idea on a golf course, so we felt it was only natural to expand our Architect line into this area," says Michael Paladini, Founder and Vice President of Strategy at Penelope Bourbon. Architects of Golf is a nod to the subtleties of the game and where some of our best ideas took shape. The introduction of American Oak Staves into our blends reflects how small adjustments can have a big impact on the overall product."
Reflecting the progression of a round of golf itself, the Architects of Golf collection features three distinct expressions — Hole 1, Hole 2, and Hole 3 — each building on the last through distinct stave finishing techniques implemented at different intensities and over different lengths of time, inviting consumers to slow down, connect, and savor the experience:
Architects of Golf Hole 1 opens with aromas of caramel and butterscotch layered with baking spices and nutmeg. On the palate, dark chocolate, sweet oak, and roasted nuts lead into a finish of lingering sweet oak, vanilla, subtle leather, and spice, delivering a smooth, balanced introduction to the series. Architects of Golf Hole 2 delivers a more structured profile, opening with aromas of butterscotch, baking spices, and sweet fruit. On the palate, dark chocolate, butterscotch, vanilla, and French toast build layered richness, leading into a finish of lingering sweet oak, vanilla, subtle leather, and spice for a deeper, more robust expression. Architects of Golf Hole 3 showcases the most robust stave influence of the three, with prominent vanilla layered over rich toast and baking spice. Aromas of caramel and dried red fruit lead into a fuller palate of chocolate mousse, vanilla, and lingering oak, finishing with toasted oak, cherry, and dark chocolate for a layered, concentrated profile. "Each hole represents a distinct batch," said Danny Polise, Founder and Master Blender of Penelope Bourbon. "They are designed to explore the nuances of different stave profiles and how they evolve the whiskey. It made developing the collection as fun as playing the game."
To celebrate the launch, Penelope Bourbon has also created a lineup of golf-inspired seasonal cocktails, including the "Pear on the Green" and "The Southern Fairway," designed to complement the collection's flavor profiles while elevating occasions both on and off the course.
As part of the launch, Penelope Bourbon will introduce the Classic Club Sports Sweepstakes, offering consumers the opportunity to win one of nine trips for two to premier tennis or golf tournaments nationwide, further reinforcing the brand's focus on memorable, experience-driven moments and shared connections.
Bottled at 94 proof, the first three bottles in the Architects of Golf collection (SRP $59.99 per bottle) will be available at select retailers nationwide in limited quantities beginning later this month.
ABOUT PENELOPE BOURBON
Founded in 2018, Penelope Bourbon has become one of the fastest-growing award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won many spirits industry awards including Best In Class finalist and a Double Gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a Double Platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned Platinum medals at the 2025 ASCOT Awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook, Instagram and TikTok.
ABOUT LUXCO
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
The Ultra-Limited Bourbon Pays Tribute to the Iron Horse with a Collectible New Expression Inspired by One of Baseball's Most Enduring Icons
, /PRNewswire/ -- Today, Remus Bourbon, the award-winning whiskey produced by MGP's Ross & Squibb Distillery, announced the launch of Remus Lou Gehrig Reserve Bourbon. Following the success of the brand's Remus Babe Ruth Reserve Bourbon in 2024 and 2025, this year's release honors Lou Gehrig, the iconic New York Yankees first baseman known as the "Iron Horse" for his extraordinary durability, humility, and enduring impact on the game.
Remus Bourbon Honors Baseball Legend Lou Gehrig with New Reserve Release The limited-edition release is rich with symbolic details inspired by Gehrig's legendary career and legacy. Crafted by Master Distiller Ian Stirsman, Remus Lou Gehrig Reserve incorporates four distinct mash bills in tribute to Gehrig's legendary No. 4 jersey, while the bourbon's 109 proof pays homage to the 100th anniversary of his 109 RBI season in 1926, the first of his remarkable 13 consecutive seasons with 100 or more RBIs. Only 9,665 bottles of Remus Lou Gehrig Reserve will be released nationwide, commemorating each of Gehrig's career plate appearances. To take the experience and collectability a step further, a QR code on the back label allows consumers to scan and find out what Gehrig did in the game of their bottle's plate appearance.
"In the 1920s, only one man was worthy of following Babe Ruth in the lineup, and that was the great Lou Gehrig. In 2026, the same holds true," said Ian Stirsman. "Every detail was thoughtfully created to celebrate his legacy in a meaningful way, while maintaining the craftsmanship of Remus Bourbon that drinkers love and expect from our distillery."
Remus Lou Gehrig Reserve features 14% 2016 bourbon with a 44% rye mash bill, 70% 2017 bourbon with a 49% rye mash bill, 8% 2019 bourbon with a 99% corn mash bill, and 8% 2019 bourbon with a 36% rye mash bill. It opens with warm cinnamon and nutmeg on the nose, layered with hints of leather and clove. The palate delivers notes of brown sugar, plum and marshmallow before finishing with baking spice, toasted cedar, and lingering cinnamon. The bottle is adorned with an embossed baseball diamond-shape label and a baseball bat knob closure.
Accompanying the launch, Remus Bourbon will donate $9,665, one dollar for each of Gehrig's career plate appearances, to the Live Like Lou Foundation, an organization dedicated to funding research and supporting families affected by ALS. The brand will also extend the initiative to consumers through a social media campaign, donating an additional dollar for every like and comment on Remus Lou Gehrig Reserve launch content shared via Instagram (@remusbourbon), up to $2,130 in honor of Gehrig's iconic consecutive games played streak.
"Partnerships like this are powerful because they turn awareness into action for the ALS community," said Wendy Faust, Executive Director of the Live Like Lou Foundation. "At Live Like Lou, we are committed to supporting families facing ALS today while investing in research to change the future of this disease. Remus Lou Gehrig Reserve honors Lou's legacy in a meaningful way, bringing people together to raise critical funds, expand awareness, and help us continue our important work."
Remus Lou Gehrig Reserve is currently rolling out nationwide in select markets with an SRP of $129.99 per 750mL bottle. Consumers can also purchase the release online via ReserveBar.com.
About Remus Bourbon
Kentucky may be known for its bourbon, but no town does rye whiskey and high-rye bourbon better than Lawrenceburg, Indiana. Crafted at the historic Ross & Squibb Distillery under the guidance of Master Distiller Ian Stirsman, Remus Bourbon offers smooth, complex, high-rye bourbons that embody the region's rich distilling legacy by using naturally limestone filtered water from the Great Miami Aquifer. Named after the "King of the Bootleggers," the brand carries a spirit of innovation and the rebellion of Prohibition. With core and highly sought-after limited-edition expressions that appeal to both seasoned connoisseurs and newcomers alike, Remus Bourbon continues to be a standout in the world of American whiskey. For more information about Remus Bourbon, visit www.remusbourbon.com or follow @remusbourbon.
About Luxco
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer, and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
About Live Like Lou
The Live Like Lou Foundation, named for Major League Baseball Hall of Famer Lou Gehrig, is a national nonprofit with a vision to leave ALS better than we found it. Inspired by Gehrig's example of courage, determination, and gratitude, Live Like Lou supports people living with ALS through volunteer service, financial grants, and college scholarships for dependents in ALS families, funds early-career scientists studying ALS, and raises awareness for Lou Gehrig's disease. We honor Lou's legacy as we inspire hope for a world where ALS is no longer fatal. Learn more at livelikelou.org.
The newest release arrives just in time for summer to elevate at-home gatherings
, /PRNewswire/ -- Summer is here for Penelope Bourbon, one of the fastest-growing premium whiskey brands today, as it introduces Blackberry Old Fashioned, the newest addition to its collection of award-winning ready-to-pour cocktails.
Penelope Bourbon Expands Ready-to-Pour Lineup with Blackberry Old Fashioned Crafted for easy enjoyment, from backyard gatherings to relaxed evenings with friends, Penelope Blackberry Old Fashioned features a blend of straight bourbon and rye whiskey, orange bitters, and blackberry simple syrup for a vibrant, fruit-forward take on the classic cocktail. The new offering continues the brand's focus on delivering convenient, high-quality cocktail experiences while maintaining a bar-quality profile suited for any occasion.
"We're continuing to see consumers gravitate toward elevated ready-to-pour cocktails that deliver on both quality and convenience," said Michael Paladini, Founder and Vice President of Strategy at Penelope Bourbon. "Our Blackberry Old Fashioned brings a fresh, fruit-forward element to a timeless cocktail while staying rooted in the whiskey character that defines Penelope."
Bottled at 76 proof, Penelope Blackberry Old Fashioned balances bright berry notes with layers of vanilla, oak, citrus, and warm spice. Designed to be served simply over ice, the cocktail offers an approachable and consistent experience suited for a variety of occasions.
"An Old Fashioned is one of those cocktails people already know and love, so we wanted to put our own spin on it in a way that still felt approachable and true to Penelope," said Danny Polise, Founder and Master Blender of Penelope Bourbon. "The blackberry brings a fresh and familiar layer without taking away from the bourbon and rye at the core. You still get that classic foundation with a little something unexpected. It's balanced, easy to drink, and keeps the focus on the whiskey."
Penelope Blackberry Old Fashioned (SRP $29.99 per bottle) will be available at select retailers nationwide starting this month and is available to purchase at PenelopeBourbon.com.
ABOUT PENELOPE BOURBON
Founded in 2018, Penelope Bourbon has become one of the fastest-growing award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won many spirits industry awards including Best In Class finalist and a Double Gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a Double Platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned Platinum medals at the 2025 ASCOT Awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook, Instagram and TikTok.
ABOUT LUXCO
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
On May 29, 2026, MGP Ingredients Inc (MGPI) shares fell 4.7% to a current price of $17.64. This decline is part of a broader trend, with the stock down 26.6% ye
MGP Ingredients is rated a long-term buy, offering discounted valuation and valuable distilling assets despite near-term operational headwinds. MGPI faces acute pressure from American whiskey oversupply, leading to distillery closures, significant sales declines, and inventory-driven downturns. The balance sheet remains healthy with deleveraging and a strong current ratio, but equity and cash have contracted due to impairments and weaker performance.
Built on eight years of innovation, Penelope's new portfolio is designed for everyday occasions
, /PRNewswire/ -- Penelope Bourbon announces the launch of its Classic Series and its new expressions: Kentucky Straight Bourbon Whiskey and Straight Rye Whiskey, two foundational whiskeys designed for everyday drinking occasions.
Penelope Bourbon Launches Classic Series, Introducing Kentucky Straight Bourbon Whiskey and Straight Rye Over the past eight years, Penelope has built its reputation through experimentation, blending, and innovation, all with the goal of creating exceptional whiskey experiences that continually bring consumers something new to explore and enjoy. The Classic Series continues that journey, reflecting Penelope's belief that there is always more to discover in the world of bourbon and whiskey.
"Since the beginning, our mission has always been to deliver the best possible whiskey to the consumer with every product we release," said Michael Paladini, Founder and Vice President of Strategy at Penelope Bourbon. "We didn't always follow the traditional playbook, but we always prioritized quality above all else. We've been talking about and working toward introducing Kentucky Straight Bourbon Whiskey and Straight Rye Whiskey for a long time, but we wanted to make sure they were perfect before releasing them."
Penelope Kentucky Straight Bourbon Whiskey is carefully crafted with a mashbill of 78% corn, 10% rye, and 12% barley malt to deliver a versatile profile that is both approachable for everyday enjoyment and refined enough for whiskey aficionados. On the nose, it opens with aromatics of butterscotch, vanilla bean, candied orange, and toasted sugar. The palate is smooth and layered with notes of brown sugar, honeyed corn, cinnamon, and creamy mint, and finishes with warm and lingering sweetness of caramel and dark chocolate with warm spice. Notably, this release also marks a meaningful milestone for the brand, representing the first time Penelope has worked at scale with distillate from Kentucky.
Complementing the bourbon, Penelope Straight Rye features a refined, approachable spice profile with layered complexity. Distilled in Indiana with a mashbill of 93% rye and 7% malted barley, it opens with bright aromatics of spearmint and citrus zest, a body of rye spice and caramelized sugar, and a lingering, balanced finish, delivering character without overpowering the palate.
"These expressions have been in development for a while," said Danny Polise, Founder and Master Blender of Penelope Bourbon. "Using Kentucky distillate for the bourbon, like we've done in past blends, felt like a natural step as we worked to create something we genuinely liked. We kept dialing in the blends until they felt right, especially with the Straight Rye release."
Both expressions are bottled at 92 proof and crafted to appeal to a wide spectrum of drinkers, reflecting Penelope's commitment to quality, innovation, and modern craftsmanship. By leveraging its innovation-first approach, Penelope is demonstrating a new kind of credibility: one rooted in hands-on expertise, curiosity, and a willingness to push boundaries before refining tradition.
Penelope Kentucky Straight Bourbon Whiskey (SRP $44.99) and Penelope Straight Rye Whiskey (SRP $34.99) will be available in select markets starting this month, with nationwide availability to follow.
ABOUT PENELOPE BOURBON
Founded in 2018, Penelope Bourbon has become one of the fastest-growing, award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won many spirits industry awards including Best in Class finalist and a Double Gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a Double Platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned Platinum medals at the 2025 ASCOT Awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook, Instagram and TikTok.
ABOUT LUXCO
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco has operated as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.
Revenue fell 8.6% year-over-year to $3.994 billion, down from $4.371 billion in the same period last year, topping Wall Street’s consensus estimate of $3.795 billion.
Adjusted net income increased to $570 million, or $1.32 per share, surpassing analysts’ expectations of $1.12 per share and growing from $507 million, or $1.10 per share, a year earlier.
CFO Steve Tomsic said Fox delivered record third-quarter EBITDA growth and strong free cash flow while continuing aggressive share repurchases.
Fox shares fell 2.4% to trade at $66.08 on Tuesday.
These analysts made changes to their price targets on Fox following earnings announcement.
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NEW YORK--(BUSINESS WIRE)--FOX Sports, America's English-language home for the FIFA World Cup 2026™ and the world's top international soccer tournaments, and iHeartMedia, the #1 audio company in America, today announced FOX Sports' thrilling network call of every FIFA World Cup 2026™ match will reach iHeartMedia's leading sports audio audience across broadcast radio and digital streaming, beginning with the opening match on Thursday, June 11, through the FIFA World Cup 2026™ Final on Sunday, Ju.
CleanTech Lithium PLC (AIM:CTL), the AIM-listed Chilean lithium brine developer, has attracted a 'speculative buy' recommendation and 22p target price from Fox-Davies Capital, implying significant upside from the current share price of 8p.
The broker argues the stock is deeply undervalued following two transformative milestones.
They are the agreement of a 40-year CEOL (Contrato Especial de Operación de Litio, a special lithium operating contract granting the exclusive right to extract, produce and sell lithium from a specific salt flat) with the Chilean government in March, and the publication of a pre-feasibility study confirming robust economics at the flagship Laguna Verde project.
The PFS, led by engineering group Worley, established an after-tax net present value of $959 million at an 8% discount rate, a post-tax internal rate of return of 21.2%, and a payback period of roughly four years from first production.
The study outlined a 15,000 tonnes per annum lithium carbonate operation over a 25-year mine life, with initial capital expenditure of $748 million and operating costs of $5,768 per tonne, placing the project in the lowest-cost quartile globally for direct lithium extraction (DLE, a technology that selectively captures lithium from brine without the need for traditional evaporation ponds).
CleanTech trades at roughly $6.9 per tonne of enterprise value to resource across its combined 2.82 million tonne lithium carbonate equivalent resource base, representing a 98% discount to the PFS net present value and a 75% discount to the peer median of $27.3 per tonne.
Fox-Davies views the announcement of a strategic partner as the single most important catalyst, with proposals sought by the end of June and finalisation targeted for the third quarter.
The broker expects strong interest given recent deal activity in the lithium sector, including Huayou's acquisition of Atlantic Lithium.
A planned dual listing on the ASX could provide a further liquidity-driven uplift to 24p, with the Australian market continuing to value Latin American brine projects at significantly higher multiples than London.
The CEOL awaits final administrative ratification by Chile's Comptroller General, expected in the second quarter. Fox-Davies rates this risk as low, noting the Comptroller cannot alter agreed terms and two prior CEOLs have been ratified without issue.
Key risks include the $748 million capital requirement for a company with a market capitalisation of just £15.8 million, convertible loan notes maturing in June 2026, and the fact that DLE technology at this specific scale and cost structure remains commercially unproven, though the commissioning of Eramet's Centenario project in Argentina provides a relevant precedent.
Even at 80% of the base case lithium price, the project retains an after-tax net present value of roughly $546 million, approximately 20 times the current market capitalisation.
U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit.
"They've agreed they want to buy oil from the United States, they're going to go to Texas, we're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," Trump said in the interview that was conducted after his meeting with Chinese President Xi Jinping in Beijing on Thursday.
China also agreed to help with Iran negotiations and not to supply military equipment to Tehran, Trump said, adding that the Chinese leader would like to see the Strait of Hormuz open and free of tolls.
"They have an insatiable appetite for energy, and we have unlimited energy," Trump said, saying that the U.S. produces more oil & gas than Saudi Arabia and Russia combined: "we're doing twice as much oil and gas, as they are."
The U.S. produced 23.6 million barrels of oil and other liquid fuel per day in 2025, according to the U.S. Energy Information Administration, while Saudi Arabia produced 11.21 million bpd and Russia 10.53 million bpd.
China is by far the largest buyer of Iranian oil, purchasing around 90% of Iran's crude exports. The country imported around 1.4 million bpd of Iranian oil in 2025, according to data published by the U.S. government.
Meanwhile, the U.S. crude and petroleum exports to China plunged for a second consecutive year, falling 25% year on year to 237.8 million barrels last year. Crude oil exports, in particular, plummeted 95% from 2023 to about 8.4 million barrels in 2025.
China's energy ministry and its foreign ministry did not immediately respond to CNBC's request for comments on potential American oil purchases.
China said Friday that the two leaders had reached "a series of new consensus" during the Thursday meeting, including an agreement to build "constructive, strategic stability" in bilateral relationship for the next three years and beyond.
On the Iran war, Beijing called for a reopening of the shipping lanes as soon as possible, urging warring powers to work towards a "comprehensive and lasting ceasefire" and bring stability to the Middle East and Gulf region, according to a foreign ministry statement.
By focusing on the sales of oil, soybeans, and beef to China, without taking steps to limit the flows of certain high-tech goods, the U.S. appears to be "moving itself into the role of being more of a commodity supplier to China, said Rush Doshi, a senior fellow at the Council on Foreign Relations, adding that it may not be in Washington's long-term interests.
Despite signs of progress on building mechanisms to manage future relationships, the two countries are inevitably bound by an intensifying rivalry that limits how far their cooperation can go, Doshi said. Beijing's framing of a "new positioning" for the bilateral ties also leaves little room for Washington to push back on economic and technology issues, he added.
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Trump and Xi met on Friday for a tea session and working lunch to close out the two-day summit which has featured pageantry and business dealmaking. Beijing also made a clear warning that the Taiwan issue would be a determining factor that could push the bilateral ties into a tailspin.
"The first day of meetings went as well as they could go ... but what we didn't see were actual deliverables," said Wendy Cutler, senior vice president at Asia Society Policy Institute, who expects the leaders to continue hashing out final deliverables for the second day.
"Each side has an interest in stability right now, [but] this doesn't mean we're going to become best friends," Cutler added, as both sides used the opportunity to gain more time to de-risk in critical sectors, such as rare earths and advanced technology.
After a private discussion, which lasted about 10 minutes, the two leaders walked through the gardens of Zhongnanhai, a walled government compound where top officials from the ruling Communist Party live and work.
The two sides made "fantastic trade deals," Trump said.
Among the live sports and entertainment shows that carried media companies' presentations to advertisers this week, another pitch kept popping up: creator content.
The category of videos, which can amass millions of views on Google's YouTube and other social media platforms, is increasingly sharing the stage with traditional Hollywood offerings during the annual presentations known as "upfronts."
Creator content is already taking a big share of advertiser dollars. In 2025, advertiser spending on the genre reached $37 billion, according to a recent report from the Interactive Advertising Bureau. This year, it's expected to reach $44 billion, the report found.
"They are this generation's storytellers, tastemakers and stars, producing the most relevant and engaging programming on the planet," said Brian Albert, managing director of YouTube Solutions. "And advertisers have recognized that they don't just have large audiences, they have communities that trust them. It's why they want to partner with them now, more so than ever."
The shift to streaming over traditional TV has led sports, especially the NFL, as well as live events to beckon the highest ad rates — especially when media companies are paying hefty premiums for the live rights.
With streaming, however, advertisers get more bang for their buck, industry executives have told CNBC. That's true whether it's a simulcast sporting event on streaming platforms or the exclusive rights to video podcasts or children's programs like "Ms. Rachel."
Those economics — combined with the need to capture elusive, younger audiences — are spurring demand for ad-supported inventory, and opening the door to more creator-led content on traditional platforms.
YouTube claims the biggest share of streaming viewership, per Nielsen's monthly reports known as "The Gauge." As of February, the platform accounted for 12.7% of streaming viewership, with Netflix coming in second at 8.4%.
The company hosted its pitch to advertisers — what it calls its Brandcast — on Wednesday, featuring personalities like YouTuber Jesse "Jesser" Riedel, comedian Trevor Noah and podcast host Alex Cooper.
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While digital stars are commonplace in YouTube's realm, this year they played a larger role even at traditional media and streaming companies. Warner Bros. Discovery, Fox Corp. and Amazon's Prime Video were among the companies that noted the integration of creator content on their platforms.
"Where there used to be a distinct difference between studio-led content and creator content, it's merging into a singular view," said Julie Clark, longtime ad industry executive and senior vice president of media and entertainment at TransUnion.
"If you look at the rise of things like long-form video podcasts, to quick-hitting tutorials, there is an understanding that the content landscape has shifted dramatically," she added. "This is absolutely changing how upfronts are contemplated and activated."
Legacy media creatorsLast year, it was video podcasts making their way to more upfront stages — an early indicator that viral online content was joining the traditional fray.
"The landscape has changed so much over the past year. Podcasting is now pretty 360, meaning you get some of your content watching long-form on video platforms, and then a lot of people are starting to consume more short and mid-form on social platforms," said Angie More, head of creator advertising partnerships at Amazon.
"We're seeing creators want to take advantage of reaching their audiences everywhere," More said.
Amazon once again highlighted a major video podcast deal at its presentation this week. Oprah Winfrey took the stage to promote her recent multiyear deal with Amazon's Wondery to distribute "The Oprah Podcast" on both audio and video. The deal also includes the rights to a library of her past content.
For companies like Fox and Warner Bros. Discovery, which have long histories of studio-made content, they've begun to lean into creator content through personalities that are already mainstays on their platforms — particularly those in unscripted food and home improvement shows.
WBD has been working with creators and influencers for years, said Karen Bronzo, chief global marketing officer for U.S. networks and news at WBD, in an interview.
Bronzo noted that this sort of programming has become a bigger part of the conversation for media companies and advertisers. She said working with online personalities allows traditional networks to expand their reach — and allows marketers to tap into expansive fanbases, which are often paying close attention to their favorite personalities and brands.
"When you're experiencing the content from a creator, you do feel it is personal. It is a much more, sort of, one-to-one relationship and a different kind of connection," said Bronzo.
During WBD's upfront presentation on Wednesday, Bronzo said the company's lineup for The Food Network is further expanding into YouTube originals, with a new series featuring chef Esther Choi coming to the network's social media channel. Besides The Food Network, HGTV home improvement series and the "Puppy Bowl" — the annual Super Bowl-adjacent dog show — have been ripe for generating such content.
Fox has similarly found an entry point into the creator ecosystem via food. Earlier this year, the company launched Fox Creator Studios, with a focus on food content. The effort is led by chefs already on the Fox roster, including Gordon Ramsay.
Ramsay took the stage of Fox's upfront pitch on Monday, alongside NFL legend Tom Brady and stars of network entertainment shows, to tout his series on Fox and the Creator Studios.
Fox has focused much of it streaming effort on its free, ad-supported service, Tubi, which has been inking agreements with YouTube personalities to create content specifically for the streamer. In turn, those creators are bringing their followings over from the social media platform.
In particular, Tubi has attracted the Gen Z audience, a key demographic for advertisers looking to reach younger consumers who don't tune into traditional media outlets as often. The Fox-owned streamer also launched Tubi for Creators, and has been looking to provide creators a pathway to Hollywood, CNBC previously reported.
Tubi hosted its own presentation for advertisers in late March, ushering creators onto the stage, including YouTube's Jesser.
The platform has since announced various creator-led partnerships, including an exclusive soccer-focused series led by Jesser that premiered on Friday.
Correction: This story has been updated to correct that Oprah Winfrey struck a podcast deal with Amazon's Wondery. A previous version misidentified which division of Amazon did the deal.
Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football FeverJohn Nallen said FOX NASDAQ: FOX is benefiting from a sharper strategic focus than many of its media peers, citing strength in live news, live sports and the company’s ad-supported streaming platform Tubi.
Speaking with analyst Robert Fishman, Nallen said the company is in “a really good spot” and described its current position with two words: “focus and momentum.” He pointed to ratings gains at FOX News, the upcoming World Cup and recent sports performance, improving signs in the local station advertising market, the coming election cycle and continued growth at Tubi.
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NFL and WWE Land on ESPN—The Impact on Disney and TKO StocksNallen also emphasized the company’s balance sheet, saying it gives FOX flexibility to pursue shareholder returns, organic investments and selective acquisitions. He said FOX has returned close to $10 billion to shareholders through buybacks and dividends since its formation, while remaining disciplined on acquisitions.
FOX Remains Selective on M&A Nallen said FOX continues to look for an accretive acquisition of meaningful size, but said the company is not interested in pursuing “scale for scale’s sake.” He said any deal would need to align with FOX’s existing areas of expertise.
From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems“We’re after something that’s aligned with what we’re doing, that’s kind of in a sweet spot of our knowledge base and what we do,” Nallen said. He added that Tubi remains the company’s largest acquisition to date, at less than $1 billion, and said FOX has also invested organically in businesses including Tubi, Latin America, FOX Nation, FOX Weather and other digital initiatives.
NFL Relationship and Sports Rights Asked about reports of an early NFL renewal, Nallen said there had been no change since the company’s recent earnings call, when Lachlan Murdoch said FOX had not had substantive discussions with the league. Nallen said that if sports rights costs increase, FOX would seek to monetize them through its two major revenue streams: advertising and distribution.
He also said FOX recently secured two new national NFL windows with the media committee’s approval, calling them accretive to EBITDA on an advertising basis. Nallen said the additions demonstrate the strength of FOX’s 30-year relationship with the NFL despite media reports suggesting otherwise.
On the role of FOX One and Tubi in sports rights decisions, Nallen said they do not meaningfully change the calculation. He said FOX Sports and FS1 remain the primary homes for sports rights, while Tubi uses select sports simulcasts for brand awareness and audience acquisition. FOX One, he said, benefits from sports as both a subscriber acquisition and retention tool.
FOX News Strength, Digital Reach and Distribution Nallen described FOX News as operating from a position of strength, calling it the No. 1 cable channel and, at times, the No. 1 channel on television. He said ratings were up high single digits in both March and April and that major news events continue to drive viewership.
He also highlighted FOX News’ digital performance, saying FOX News Media generated 2 billion YouTube views last quarter and that April was its third-largest month for YouTube views. Nallen said YouTube brings in a younger audience and works alongside FOX News Digital and the linear channel as part of a “flywheel.”
On cord-cutting, Nallen said he is more bullish than many others in the media industry. He said traditional market declines have been around 6.5% or better in recent quarters, but that the numbers are reduced when including FOX One. He said FOX One has helped offset subscriber declines and that he expects the rate of erosion in the broader pay-TV market to slow over time.
Nallen said FOX One is performing above expectations, with churn “far less” than expected. He said the service appears largely incremental, with only a “tiny piece” of its subscriber base coming from traditional cable and most subscribers previously being cordless.
Advertising Market and Election Outlook Nallen said FOX is seeing a healthy advertising environment, despite broader uncertainty. He said scatter pricing is up, cancellations are low and advertiser sentiment is strong heading into the upfront market. He said FOX’s upfront activity is centered mainly on sports, entertainment and Tubi, while FOX News is a smaller upfront business and is more reliant on scatter and direct response advertising.
Looking ahead to the midterm elections, Nallen said political advertising could be “massive,” referencing expected spending of about $11 billion across media. He said the biggest beneficiaries for FOX would be its local stations and Tubi, particularly in states with major races such as Georgia, Florida, Pennsylvania, California and Michigan.
Nallen said FOX News is not a direct beneficiary of local political ad spending but benefits from higher viewership tied to election coverage. He also said Tubi’s political advertising opportunity should be incremental rather than cannibalizing local linear television budgets.
Tubi Growth and Betting Investments Nallen said Tubi posted 23% revenue growth in the most recent quarter and was pacing at or above that level in April and May. He said the platform remains disciplined on pricing despite a competitive connected-TV advertising market.
He said the largest share of Tubi consumption still comes from library content from major studios, while Tubi originals help build brand awareness at a much lower cost than programming from large subscription streaming services. Nallen also said Tubi has 200 creators on the platform and expects that number to reach 400 by the end of June.
On profitability, Nallen reiterated that FOX expects Tubi to reach 20% EBITDA margins in the near term, though he said that will not happen in 2027.
Nallen also discussed FOX’s sports betting assets, noting the company has a 2.5% investment in Flutter and an 18.6% option in FanDuel that runs until 2030. He said there is no compelling reason to exercise the option today, but FOX is going through the licensing process so it can act within that window. He also confirmed a relationship with prediction markets company Kalshi, mainly through FOX News, describing it as editorial and tied to storytelling rather than a heavy advertising-style betting integration.
Nallen closed by returning to his central theme, saying FOX’s competitive position is rooted in its focus on news, sports, Tubi, local stations and entertainment. “Fair value is still to be achieved for FOX,” he said.
About FOX NASDAQ: FOXFox Corporation NASDAQ: FOX is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.
FOX's core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Your vote is important. Vote well in advance of the proxy voting deadline on Friday, June 19, 2026 at 9:30 a.m. (Toronto time).
Securityholders with questions or who would like assistance in voting are encouraged to contact Laurel Hill Advisory Group by email at [email protected], or by texting INFO to, or calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America).
TORONTO, ON / ACCESS Newswire / May 20, 2026 / Fox River Resources Corporation (CSE:FOX) ("Fox River") announces that, further to its news release disseminated on May 4, 2026 (the "Prior Release"), it has obtained an interim order (the "Interim Order") of the Ontario Superior Court of Justice (Commercial List) (the "Court") in connection with the proposed arrangement (the "Arrangement") involving Fox River and Avenir Minerals Limited ("Avenir Minerals") to be implemented pursuant to a statutory plan of arrangement under the Canada Business Corporations Act.
The Interim Order provides for the holding of a special meeting (the "Special Meeting") of the holders (the "Shareholders") of common shares of Fox River (the "Fox River Shares") and holders (the "Optionholders") of options to acquire Fox River Shares (the "Options") to consider and vote on a special resolution approving the Arrangement (the "Arrangement Resolution"). The Special Meeting will be held in person on Tuesday, June 23, 2026 at 9:30 a.m. (Toronto time) at Suite 4100 - 66 Wellington Street West, TD Bank Tower, Toronto, Ontario. The board of directors of Fox River (the "Board") has fixed the close of business on May 14, 2026 as the record date for determining Shareholders and Optionholders entitled to receive notice of and vote at the Special Meeting.
Meeting Materials
In connection with the Special Meeting, Fox River will be mailing a notice of meeting, a management information circular (the "Circular"), forms of proxy, letters of transmittal and related meeting materials (collectively, the "Meeting Materials") to Shareholders and Optionholders. Shareholders and Optionholders are urged to carefully review all Meeting Materials as they contain important information concerning the Arrangement and the rights and entitlements of the Shareholders and Optionholders in relation thereto. The Meeting Materials will also be available on SEDAR+ under Fox River's issuer profile at www.sedarplus.ca and on Fox River's website at www.fox-river.ca.
Final Order and Completion Date
The terms of the Arrangement are summarized in the Prior Release and full details of the Arrangement will be set out in the Circular. The application for the final order of the Court (the "Final Order") approving the Arrangement is currently expected to take place on or about June 24, 2026. Subject to receipt of the Final Order, the required approvals from the Shareholders and Optionholders at the Special Meeting, and the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the arrangement agreement dated May 4, 2026 between Fox River and Avenir Minerals (the "Arrangement Agreement"), the Arrangement is anticipated to be completed early in the third quarter of 2026.
Voting Requirements
In order to become effective, the Arrangement Resolution must be approved by an affirmative vote of at least: (i) two-thirds (66⅔%) of the votes cast on the Arrangement Resolution by Shareholders and Optionholders, present in person or represented by proxy at the Special Meeting and voting together as a single class; and (ii) a simple majority of the votes cast on the Arrangement Resolution by the Shareholders, excluding any votes cast in respect of any Fox River Shares by any person required to be excluded in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, as will be further described in the Circular.
The Board (with each of the directors, other than David Lotan, having declared their interest in the Arrangement and having recused themselves) has determined that the Arrangement is fair and reasonable to the Shareholders and Optionholders and in the best interests of Fox River. The Board recommends that the Shareholders and Optionholders vote FOR the Arrangement Resolution.
To be valid, proxies must be received by TSX Trust Company no later than 9:30 a.m. (Toronto time) on Friday, June 19, 2026. Non-registered Shareholders that hold Fox River Shares through a broker, bank, custodian or other intermediary should carefully follow the instructions provided by their intermediary to ensure that their Fox River Shares are voted at the Special Meeting in accordance with their voting instructions. A non-registered Shareholder's voting instructions must be received in sufficient time to allow them to be forwarded by the non-registered Shareholder's intermediary to TSX Trust Company before 9:30 a.m. (Toronto time) on Friday, June 19, 2026.
Shareholder Questions and Assistance
If you have any questions or require more information with regard to the procedures for voting or completing your proxy or voting instruction form, please contact Fox River's proxy solicitation agent: Laurel Hill Advisory Group, by calling 1-877-452-7184, toll-free for Securityholders in North America, 416-304-0211 for Securityholders outside of North America, by texting the word "INFO" to either number or by email at [email protected].
About Fox River
Fox River holds a 100% interest in the Martison Phosphate Project near Hearst, Ontario. Planned as a vertically integrated operation, the project harnesses a high-grade, large-scale igneous phosphate deposit - capable of providing secure domestic supplies of phosphate fertilizers as well as PPA for the LFP battery industry. The project's Anomaly A deposit underpins a positive preliminary economic assessment with an effective date of April 21, 2022. More information is available at www.fox-river.ca or via Fox River's SEDAR+ profile.
For further information on Fox River, please contact:
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain actions, events or results "could", "may", "should", "will" or "would" be taken, occur or achieved. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the timing for mailing of the Meeting Materials; anticipated timing of Fox River's application for the Final Order; receipt of the Final Order; receipt of Shareholder and Optionholder approval in respect of the Arrangement Resolution; and the satisfaction or waiver of certain other conditions to closing of the Arrangement as set out in the Arrangement Agreement; and the anticipated timing of the closing of the Arrangement.
The forward-looking statements and information contained in this news release reflect Fox River's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Fox River, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies.
Fox River cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Fox River has made assumptions and estimates based on or related to many of these factors. In addition, in connection with the forward-looking statements contained in this press release, Fox River has made certain assumptions, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions concerning the proposed Arrangement. The anticipated dates indicated may change for a number of reasons, including the necessary regulatory, shareholder and court approvals, the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Arrangement or the ability of the Board to consider and approve, subject to compliance by Fox River of its obligations under the Arrangement Agreement, a superior proposal for Fox River. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the failure of the parties to obtain the necessary shareholder, regulatory and court approvals or to otherwise satisfy the conditions for the completion of the Arrangement; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner; significant transaction costs or unknown liabilities; the ability of the Board to consider and approve, subject to compliance by Fox River with its obligations under the Arrangement Agreement, a superior proposal for Fox River; the failure to realize the expected benefits of the Arrangement; the effect of the announcement of the Arrangement on the ability of Fox River to retain and hire key personnel and maintain business relationships; the market price of the Fox River Shares and business generally; potential legal proceedings relating to the Arrangement and the outcome of any such legal proceeding; the inherent risks, costs and uncertainties associated with transitioning the business successfully and risks of not achieving all or any of the anticipated benefits of the Arrangement, or the risk that the anticipated benefits of the Arrangement may not be fully realized or take longer to realize than expected; the occurrence of any event, change or other circumstances that could give rise to the termination of the Arrangement Agreement and general economic conditions. Failure to obtain the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Arrangement, may result in the Arrangement not being completed on the proposed terms or at all. In addition, if the Arrangement is not completed, and Fox River continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources by Fox River to the completion of the Arrangement could have an impact on its business and strategic relationships, including with future and prospective employees, customers, suppliers and partners, operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Additional risks, uncertainties and other factors are identified in Fox River's most recent management's discussion and analysis, which has been filed with the Canadian provincial securities regulatory authorities, as applicable.
Although Fox River has attempted to identify important factors that could cause actual results to differ materially from those set out or implied by the forward-looking statements and information, this list is not exhaustive and there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors should use caution when considering, and should not place undue reliance on any, forward-looking statements and information. Forward-looking statements and information are designed to help readers understand Fox River's current views in respect of the Arrangement and related matters and may not be appropriate for other purposes. Fox River does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by law.
This news release does not constitute (and may not be construed to be) a solicitation or offer by Fox River or any of its respective directors, officers, employees, representatives or agents to buy or sell any securities of any person in any jurisdiction, or a solicitation of a proxy of any securityholder of any person in any jurisdiction, in each case, within the meaning of applicable laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Fox Corporation Logo (PRNewsfoto/Fox Corporation) Company Commits $500,000 to Boys & Girls Clubs of America to Grow Access to Soccer, Train Coaches and Advance Workforce Readiness for Club Teens
WATCH HERE: Alexi Lalas, Brian Kilmeade Unveil $500,000 Commitment to Boys & Girls Club of America Live on FOX & FRIENDS
, /PRNewswire/ -- FOX Sports, America's English-language home for the FIFA World Cup 2026™, and Fox Corporation today announced community impact initiatives leading up to the anticipated tournament underscored with a $500,000 commitment to Boys & Girls Clubs of America (BGCA).
The investment expands FOX Sports' dedication to growing access to soccer for youth and is part of a broader, multi-year community impact platform collaboration with BGCA and nonprofit organization, Common Goal, designed to create lasting opportunity for young people through soccer across the United States.
"As FOX Sports prepares to present the largest FIFA World Cup™ in history, we have a unique opportunity to ensure the tournament's legacy is measured not only by unforgettable moments on the pitch, but by the lasting impact it creates in communities nationwide," said Eric Shanks, CEO and Executive Producer, FOX Sports. "We are honored to support the efforts of Boys & Girls Clubs of America, Common Goal, U.S. Soccer Foundation and others to expand access to soccer and create opportunities for the next generation both on and off the field."
The $500,000 investment will support youth soccer programming offered by BGCA, expanding access to the sport and creating new opportunities for young athletes nationwide. The legacy commitment is expected to engage more than 26,000 new youth across the country, while helping to train coaches and create job opportunities for Club teens as referees. The donation also enables local clubs nationwide to host Soccer Forward Fests, community-based events designed by U.S. Soccer to celebrate and deepen engagement in the sport.
"Soccer can open up new opportunities for youth and this collaboration with FOX Sports will allow us to support young athletes across the country," said Jim Clark, President and CEO of Boys & Girls Clubs of America. "This monumental donation will allow us to uplevel our support for players, coaches, referees and more, contributing to their success on and off the soccer field."
Building on its efforts from FIFA World Cup Qatar 2022™ and FIFA Women's World Cup Australia & New Zealand 2023™, FOX Sports is expanding its community initiatives ahead of the 2026 tournament through a growing ecosystem of impact organizations including Common Goal, U.S. Soccer Foundation, and its own long running FOX Sports University program. These combined efforts will increase access to the game, support mental health and create pathways for the next generation of players and professionals. FOX Sports is the only national broadcaster to take Common Goal's 1% pledge, committing one percent of its tournament coverage since 2022 to tell the story of soccer for social good across its platforms.
Together with Common Goal, FOX Sports will continue using the power of soccer to drive positive social impact through initiatives focused on inclusion, well-being and access to the game. This includes the company's commitment to the next chapter of "Create the Space," the mental health initiative led by Common Goal and launched in 2023 together with U.S. Women's National Team defender Naomi Girma and FOX Sports and Fox Corporation during the FIFA Women's World Cup 2023™. The initiative delivers youth-focused mental wellness training programs to soccer-based youth organizations across North America and the Caribbean, equipping the next generation with the tools to thrive both on and off the field.
"I'm proud of the work we've been able to accomplish at Common Goal to bring more awareness around how mental health impacts athletes. This support from FOX Sports and Fox Corporation allows us to make even stronger and more meaningful impact and change for good," said Girma.
FOX Sports is also further investing in the future workforce of sports through FOX Sports University, a longstanding program that connects college students with real-world experience and career pathways in the industry. Now in its 19th year, the program reaches dozens of universities across the country and more than 500 students annually. Leading up to FIFA World Cup 2026™, FOX Sports University partnered with 20 colleges on FIFA World Cup™-focused programming featuring a "World Cup of FOX Sports U" competition and nationwide campus speaker series with FOX Sports broadcasters, executives and leaders in the world of soccer.
FOX Sports' expanded community impact platform reflects a long-term commitment to leveraging the power of sport to create meaningful change. Together with Fox Corporation and nonprofit organizations across the country, the company remains focused on building a lasting legacy that extends well beyond the tournament and helps shape the future of soccer in the United States.
For more information, visit FOX Sports Press Pass, and follow @FOXSportsPR.
About FOX Sports
FOX Sports is the umbrella entity representing Fox Corporation's wide array of multi-platform US-based sports assets. Built with brands capable of reaching more than 100 million viewers in a single weekend, the business has ownership and interests in linear television networks, digital and mobile programming, broadband platforms, multiple web sites, joint-venture businesses and several licensing relationships. FOX Sports includes the sports television arm of the FOX Network; FS1, FS2, FOX Soccer Plus and FOX Deportes. FOX Sports' digital properties include the FOX Sports App and FOXSports.com, which provides instant scores, stats and stories from across the sports world. Live streaming video of FOX Sports content is available via FOX One, Fox Corporation's wholly owned, direct to consumer streaming service. Also included in FOX Sports' portfolio are FOX's interests in joint-venture businesses Big Ten Network and the UFL and a licensing agreement that established the FOX Sports Radio Network.
About Boys & Girls Clubs of America
For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 5,500 Clubs serve over 4 million young people through Club membership and community outreach. Learn more at BGCA.org and on social media.
About Common Goal
Common Goal has pioneered the football for good movement by connecting community organizations, amplifying proven approaches, and mobilizing collective action within and beyond soccer. Today, Common Goal brings together soccer's biggest impact collective - a global community of more than 200 best-in-class organizations across 117 countries, unlocking opportunities for over 3.6 million young people every year.
Agreement Features Thursday Night Football, Sunday Games Package, Thanksgiving Day Games, all NFC Playoff Matchups, the Pro Bowl Games and Super Bowl
FOX to Deliver Live Games and Hundreds of Hours of Football Content for Fans in Mexico
, /PRNewswire/ -- Fox Corporation (NASDAQ: FOX, FOXA; "FOX" or the "Company") and the NFL today announced a new multi-year agreement to bring football to FOX platforms in Mexico. Starting with the 2026 season, viewers in Mexico will be able to experience NFL content including live games, together with original production and specialized content designed to accompany them throughout the entire season.
The NFL on FOX in Mexico will include, each year:
Thursday Night Football Sunday Regular Season Games Each Week Thanksgiving Games All NFC Playoff Games The NFL Pro Bowl Games The Super Bowl FOX will bring Mexican audiences a complete NFL experience through all its distribution platforms: FOX and FOX+ on linear TV, streaming on FOX One and select content on FOX on Tubi.
In addition to live games, FOX will complement its coverage with four weekly original programs dedicated to the NFL, developed especially to connect with fans in Mexico, including two editions of a fantasy football-focused show every week. These series will seek to expand the conversation around the League with analysis, entertainment, current events and formats created to accompany Mexican audiences beyond gameday.
"For FOX, this alliance with the NFL reinforces our historic relationship with one of the most exciting leagues in the world and our commitment to bringing the best sports content to our viewers. Mexico is a market with an enormous passion for football, and we are proud to offer fans a sizeable NFL package in the country, with a robust content experience, designed to engage audiences throughout the entire year," said Carlos Martínez, EVP FOX Latin America.
"We are excited to strengthen our relationship with FOX and expand access to NFL content for fans in Mexico. The passion for football continues to grow in the country, and this alliance will enable us to connect with audiences through broad coverage, original content and a compelling season-long experience," said Arturo Olive, NFL Mexico Director General.
With this announcement, FOX reaffirms its commitment to continue building a premium, relevant and differentiated sports offering for Mexico through its FOX Latin America division. The NFL on FOX will mark a new era for football in the country: more games, more stories and more ways to experience the excitement of the game every week.
About Fox Corporation
Fox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships, and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.
