 (OTC:AINDF) Stock, Quote.Headers.trade-ideas

Earnings

Earnings Misses

News

SIFY

Sify Technologies Q3 Sales $124.213M Miss $152.300M Estimate

Barclays analyst Tom O'Malley maintains Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Equal-Weight and lowers the price target from $250 to $210.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Analog Devices, Lowers Price Target to $210

Legal

BNAI

Brand Engagement Network Terminates Exclusive Reseller Agreement With AFG Companies And Files Lawsuit Against AFT And Its CEO Alleging 'fraudulent misrepresentation, breach of contract, and the concealment of a ransomware attack on their network shortly before the agreement was executed.'

HIGHLIGHTS
<ul>
<li>Revenue was INR 10,491 Million, an increase of 21% over the same quarter last year.</li>
<li>EBITDA was INR 1,914 Million, an increase of 13% over the same quarter last year.</li>
<li>Loss before tax was INR 119 Million. Loss after tax was INR 258 Million.</li>
<li>CAPEX during the quarter was INR 3,343 Million.</li>
</ul>

Sify Reported Q3 Topline Growth Of 21% YoY

OUST

Ouster Says It Expects Q4 2024 Revenue To Be Within The Guidance Range Of $29M-$31M Vs. $29.925M Estimate

A new report from Bernstein reveals a significant shift in the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43007480/whats-going-on-with-bitcoin-mining-stocks-mara-holdings-riot-platforms-and-cleanspark-2">mining landscape</a>, with just twelve companies now controlling a substantial 30% of the network&#8217;s total hash rate.
This represents a notable increase from 22% in January 2024, highlighting a growing concentration of power within the sector. 
What Happened: The report identifies these key players as being comprised of large-scale consolidators, hybrid AI-Bitcoin operations, and smaller mid-sized miners, all contributing to the sector's rapid evolution.
The most significant hash rate growth has been led by major players including Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>).
Marathon Digital has reached 53 exahashes per second (EH/s) by December, representing 7% of the network&#8217;s total hash rate. 
CleanSpark experienced an impressive 400% year-over-year increase and now holds 5%, surpassing Riot Platforms. 
Riot, while expanding its hash rate capacity through various development projects, remains a dominant force through continued acquisitions.
Simultaneously, a number of miners, such as Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) and TeraWulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), have begun to strategically diversify their operations, directing energy towards AI-focused data centers in addition to Bitcoin mining. 
Iris Energy, which achieved a 450% hash rate growth in 2024, is also expanding its GPU infrastructure for <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41211430/riot-platforms-explores-ai-opportunities-while-staying-focused-on-bitcoin-mining">AI-related workloads</a>.
This highlights an industry trend towards becoming versatile data center operators, blending cryptocurrency and artificial intelligence resources.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">Donald Trump Reportedly Open To US Crypto Reserve As Bitcoin Reserve Chatter Gathers Steam</a>
Why It Matters: Bernstein's analysis further identifies key leaders in operational efficiency.
Iris Energy, Marathon Digital, and CleanSpark are noted for their strong energy utilization and operational uptime. 
Iris Energy notably achieved a 90% realization rate in December, maximizing Bitcoin output per megawatt through both strategic hardware upgrades and optimized operational procedures.
There exists a distinction in financial and Bitcoin holding strategies amongst the companies. 
Major consolidators, like Marathon and Riot, are holding <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">large reserves of Bitcoin</a>, mirroring a MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)-<a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">inspired approach</a>, whilst raising capital through instruments like convertible bonds.
For example, Marathon holds approximately 44,890 BTC, valued at $4.5 billion, constituting around 70% of its overall market capitalization. 
However, in contrast, many AI-focused miners have liquidated most of their Bitcoin production, due to internal operating policies and debt obligations.
Despite the sector&#8217;s considerable growth, with approximately 6.5 gigawatts of power currently in operation, mining companies are currently trading at a steep 90% discount compared to traditional data centers, according to Bernstein. 
The report suggests a significant potential for re-evaluation, especially for operators who are exploring strategic options like AI-driven applications and advanced power management strategies. 
This indicates an untapped potential for significant re-rating within the market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43033588/jade-city-launches-flappy-jade-telegram-game-with-tokenized-gemstone-rewards">Jade City Launches &#8216;Flappy Jade&#8217; Telegram Game With Tokenized Gemstone Rewards</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

CLSK

IREN

MARA

MSTR

RIOT

WULF

Bitcoin Miners Consolidate Power: 12 Firms Now Control 30% Of Network Hash Rate

Barclays analyst Blayne Curtis maintains Allegro Microsystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) with a Overweight and raises the price target from $25 to $30.

ALGM

Barclays Maintains Overweight on Allegro Microsystems, Raises Price Target to $30

Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.35 by 5.93 percent. This is a 2.05 percent decrease over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $608.47 million which missed the analyst consensus estimate of $615.22 million by 1.10 percent. This is a 6.56 percent increase over sales of $571.02 million the same period last year.

Earnings Beats

Webster Finl Q4 2024 Adj EPS $1.43 Beats $1.35 Estimate, Sales $608.47M Miss $615.22M Estimate

Barclays analyst Tom O'Malley maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Overweight and lowers the price target from $170 to $140.

Barclays Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $140

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Cabaletta Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) with a Buy and maintains $25 price target.

Reiteration

CABA

HC Wainwright & Co. Reiterates Buy on Cabaletta Bio, Maintains $25 Price Target

Weinswig will assist the Company to ensure a successful transition of responsibilities prior to his departure. Mr. Weinswig's resignation is not a result of any disagreement related to the Company's operations, policies or practices, including any accounting principles and practices, or related to any financial statements or disclosures.

Ouster Announced The Departure Of Its Chief Financial Officer, Mark Weinswig, Effective January 31

Biotech

General

ZLAB

Zai Lab Says China's National Medical Products Administration Has Accepted the NDA For KarXT For Treatment Of Schizophrenia

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Outlook Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) with a Buy and maintains $30 price target.

OTLK

HC Wainwright & Co. Reiterates Buy on Outlook Therapeutics, Maintains $30 Price Target

Lundin Mining (OTCPK: LUNMF) reported record copper and zinc production in 2024, capping a year with strategic expansions and portfolio optimization, particularly regarding <a target="_blank" href="https://www.benzinga.com/topic/copper" rel="noreferrer noopener">copper</a>.
Copper production reached 369,067 tons, while zinc production hit 191,704 tons, achieving record highs. Gold output was 158,436 ounces, and nickel production at the Eagle Mine totaled 7,486 tons, meeting or exceeding all guidance targets.
"We announced three strategic transactions while maintaining operational performance to meet production guidance on a consolidated basis for copper and gold and within revised guidance for zinc and nickel. The Company was able to achieve record production for copper and zinc during the year. This is a testament to the great effort and focus of the entire team at Lundin Mining," <a target="_blank" href="https://lundinmining.com/news/lundin-mining-announces-record-production-results-123181/" rel="noreferrer noopener">said</a> President and CEO Jack Lundin – calling 2024 "a transformative year."
The acquisition of an additional 19% stake in the Caserones mine in Chile expanded Lundin's ownership to 70%, adding 24,000 tons of annual attributable copper production. Caserones and the flagship Candelaria mine were the company's top performers, with Candelaria achieving its best second-half results in 30 years, producing nearly 100,000 tons of copper during this period.
On January 15, Lundin formally finalized a partnership with BHP to acquire Filo Corp. and established Vicuña, a joint venture to develop the Filo del Sol and Josemaria projects. Filo del Sol, located in the Vicuña district, is a high-sulphidation epithermal deposit with significant copper, gold, and silver resources.
The site holds a probable estimate of 2,22 million pounds of copper, 2,86 million ounces of gold, and 133,33 million ounces of silver. The estimated life of the open-pit mine is 13 years, with a potential for further expansion.
For 2025, Lundin forecasts copper production of 303,000–330,000 tons, gold output of 135,000–150,000 ounces, and nickel production of 8,000–11,000 tons. Sustaining capital expenditures are $530 million, with $205 million allocated to expansion projects. Exploration spending will focus on in-mine and near-mine targets, with a $40-million budget.
In December, the firm announced a <a target="_blank" href="https://www.benzinga.com/24/12/42385859/lundin-exits-europe-for-15-billion-turns-focus-to-south-america" rel="noreferrer noopener">$1.52 billion sale</a> of its Neves-Corvo and Zinkgruvan operations in Europe to Boliden AB. The sale marks an exit from the family's ancestral region (Sweden) to focus on projects that will drive long-term growth.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43013685/research-firms-and-industry-insiders-clash-copper-agree-on-trumps-risk" target="_blank" rel="noreferrer noopener">Research Firms And Industry Insiders Clash On Copper, Agree On Trump's Risk</a></li>
</ul>
Photo via Shutterstock

Guidance

Commodities

Markets

LUNMF

Lundin Mining Caps Record 2024 with 'Transformative' Growth

Daqo New Energy Announced That Its Subsidiary Xinjiang Daqo New Energy Provided An Estimate Of Its Net Loss For FY24 In The Range Of RMB2.6B-RMB3.1B, Compared To Net Profit Attributable To Xinjiang Daqo's Shareholders Of RMB5.8B YoY

Amid a turbulent period for quantum computing stocks,&nbsp;Quantum Computing Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) is under scrutiny following allegations of issuing misleading press releases. The company&#8217;s stock experienced a 3.49% decline in pre-market trading on Friday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
What Happened: The Capybara Research report alleges that Quantum Computing&#8217;s CEO has been releasing promotional statements that exaggerate the company&#8217;s quantum capabilities and customer interactions. These accusations coincide with a lawsuit claiming the company fabricated sales deals.
The report highlights interviews with former employees and other sources, suggesting that for years, Quantum Computing has been involved in false press releases and sham deals with undisclosed related parties. One example is the letter of intent to acquire Millionways Inc., an AI firm with alleged undisclosed ties to Quantum Computing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Quantum Deception. <a href="https://twitter.com/search?q=%24QUBT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QUBT</a> Is a rampant fraud. We are short and think shareholders will be left with nothing when all is done.<a href="https://t.co/D1a8SzqoGD">https://t.co/D1a8SzqoGD</a> <a href="https://t.co/vBap8G2uE6">pic.twitter.com/vBap8G2uE6</a>
&mdash; Capybara Research (@CapybaraShort) <a href="https://twitter.com/CapybaraShort/status/1879916855722488120?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The report further claims a $500,000 payment to Millionways is unlikely to be repaid. Additionally, a deal with Quad M, an OTC-listed company with a history of stock fraud, also allegedly involved undisclosed connections. The CEO of Quantum Computing Inc. was a director at Quad M, and co-founders were linked to Quad M insiders. A memorandum of understanding with Quad M, projecting revenue, reportedly failed to generate any income.
&#8220;Quantum Deception. QUBT Is a rampant fraud. We are short and think shareholders will be left with nothing when all is done,&#8221; Capybara Research said.
Quantum Computing has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
Why It Matters: The allegations against Quantum Computing Inc. come at a time when the quantum computing sector is experiencing significant attention and growth. Recently, quantum computing stocks, including Quantum Computing Inc., saw a surge in pre-market trading on Thursday, with QUBT rising by 15.58% following Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) call for businesses to prepare for a <a href="https://www.benzinga.com/markets/equities/25/01/43023453/quantum-computing-stocks-continue-their-wild-surge-in-thursday-premarket-qubt-up-15-qbts-climbs-9-rgti-gains-over-3">&#8220;quantum-ready&#8221; future </a>by 2025. This optimism reflects the sector&#8217;s potential to solve complex problems and create new business value, as highlighted by Mitra Azizirad, Microsoft&#8217;s president and COO of strategic missions and technologies.
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Equities

Pre-Market Outlook

MSFT

QUBT

Quantum Computing Stock Drops Over 3% During Friday Premarket Amid Fraud Allegations

NUKK: 50% &#x7C; <a href="https://www.benzinga.com//node/43040343">Nukkleus Resolves Nasdaq Delisting Threat, Achieving Compliance Across All Key Parameters</a>
&nbsp;
NET: 3% &#x7C; <a href="https://www.benzinga.com//node/43052176">Cloudflare shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $95 to $145.</a>
&nbsp;
JBHT: -11% &#x7C; <a href="https://www.benzinga.com//node/43052207">JB Hunt Transport shares are trading lower after the company reported Q4 EPS below estimates.</a>

Movers

Trading Ideas

JBHT

NUKK

Market-Moving News for January 17th

Needham analyst Ryan Koontz reiterates Radware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDWR#NASDAQ">RDWR</a>) from Hold to Hold.

RDWR

Needham Reiterates Hold on Radwareto Hold

JP Morgan analyst Bill Peterson maintains Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) with a Overweight and lowers the price target from $168 to $152.

JP Morgan Maintains Overweight on Nucor, Lowers Price Target to $152

JP Morgan analyst Bill Peterson maintains Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) with a Neutral and lowers the price target from $134 to $132.

STLD

JP Morgan Maintains Neutral on Steel Dynamics, Lowers Price Target to $132

Amundi Msci Em Latin America Ucits ETF - USD(C)

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