BLOK Technologies (OTC:BLPFF) Stock, Quote.Headers.trade-ideas

BLOK Technologies Inc operates as an investment company. The company invests in blockchain enabled and mobile application technology. It provides capital, technology, and management expertise to the companies it develops. The company's Greenstream subsidiary specializes in building secure and reliable blockchain platforms.

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The year 2021 marked a period when global economies began picking up the pieces following the COVID-19 pandemic that left them crippled and ravaged. Notwithstanding the setbacks, the tech sector extended its gains from 2020 and remains poised to go from strength to strength.

2022 Tech Trends That Will Change Our World And The Potential Beneficiaries: Deloitte Report

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BLOK Technologies Inc

Hut 8 Corp. ((Nasdaq, TSX:<a href="https://www.benzinga.com/stock/HUT#TSX">HUT</a>) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced the expansion of its partnership with BITMAIN Technologies Ltd. ("BITMAIN"), the world's largest manufacturer of digital currency mining servers, with the launch of the U3S21EXPH, a next-generation ASIC miner. Hut 8 plans to deploy the model in Q2 2025 through a ~15 exahash per second ("EH/s") hosting agreement leveraging custom data center infrastructure developed in-house by Hut 8.
As part of its long-term, power-first strategy, Hut 8 continues to scale its compute layer across energy-intensive technologies, including both Bitcoin mining and AI compute, with the aim of maximizing returns on its portfolio of power assets and digital infrastructure. The launch and commercialization of the U3S21EXPH is a key milestone in executing this strategy in the Company's Bitcoin mining segment as it advances scaled opportunities in AI compute.
Revolutionizing ASIC Compute: U3S21EXPH
The U3S21EXPH will be the first ASIC miner mass-commercialized by BITMAIN to feature direct liquid-to-chip ("DLC") cooling within a U form factor. Capable of achieving up to 860 terahash at an efficiency of 13 joules per terahash, the model represents the culmination of an extensive miner-manufacturer partnership between Hut 8 and BITMAIN. Under the partnership, which spans technical and commercial innovation, Hut 8 supported BITMAIN in the development of the miner.
Key advancements:
<ul>
<li>Technology: Introduces DLC cooling technology used in high-performance computing ("HPC") data centers to a rack-ready form factor for Bitcoin mining</li>
<li>Engineering: Evolution from "shoebox" ASIC form factor incompatible with traditional data center rack architecture to "U" form factor compatible with HPC-style architecture that can be deployed at densities of up to ~180 kilowatts ("kW") per rack</li>
<li>Procurement: Strong overlap in secondary components with HPC data centers, including racks and cooling systems required for DLC technology, driving the opportunity for greater supply chain synchronization across Bitcoin mining and HPC data centers</li>
<li>Construction: Opportunity to apply construction expertise and capabilities across Bitcoin mining and HPC data centers</li>
</ul>
To fully harness the potential of the U3S21EXPH, Hut 8 has developed a custom design for Bitcoin mining data center infrastructure inspired by traditional rack-based architecture. This design will be leveraged to house the initial ~15 EH/s deployment at a density of up to ~180 kW per rack.

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

Cryptocurrency

Hut 8 Expands Partnership with BITMAIN, Unveils Next-Gen Liquid-Cooled ASIC Miner for Bitcoin Mining

U.S. intelligence agencies have revealed that Iran attempted to share <a href="https://www.benzinga.com/news/24/08/40303972/trump-campaign-falls-victim-to-cyber-attack-heightening-election-security-fears">hacked information</a> from former President Donald Trump&#8216;s campaign with President Joe Biden&#8216;s campaign.
What Happened: The FBI and other intelligence agencies disclosed on Wednesday that Iran attempted to pass hacked Trump campaign information to the Biden campaign, <a href="https://thehill.com/national-security/4887579-iran-hack-biden-campaign/">reported</a> The Hill. 
"Iranian malicious cyber actors in late June and early July sent unsolicited emails to individuals then associated with President Biden's campaign that contained an excerpt taken from stolen, non-public material from former President Trump's campaign as text in the emails," the FBI, the Office of the Director of National Intelligence (ODNI,) and the Cybersecurity and Infrastructure Security Agency (CISA) said in a joint statement.
These emails contained excerpts from stolen, non-public Trump campaign material.
The agencies confirmed that there is no evidence indicating that the recipients responded to these emails. Vice President Kamala Harris&#8216; campaign condemned the sharing of Trump campaign data, stating that the phishing emails sent by Iran were ignored.
Harris-Walz campaign spokesperson Morgan Finkelstein stated, &#8220;We have cooperated with the appropriate law enforcement authorities since we were made aware that individuals associated with the then-Biden campaign were among the intended victims of this foreign influence operation.&#8221;
The Trump campaign implied that their opponents may have utilized the information, with campaign spokeswoman Karoline Leavitt calling on Harris and Biden to clarify if they had made use of the hacked material.
See Also: <a href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position</a>
The ODNI and FBI&#8217;s statement emphasized that there is no evidence of any response from the Biden campaign to the Iranian emails.
Iran has denied involvement in the hacking, stating that it does not engage in U.S. electoral controversies. Ali Karimi Magham, spokesman for the Iranian Mission to the United Nations, called for the U.S. to provide substantiated evidence of the accusations.
Why It Matters: The revelation of Iran&#8217;s <a href="https://www.benzinga.com/news/24/09/40824527/iran-says-sanction-addicts-us-and-uk-are-acting-on-faulty-intelligence-regarding-russias-missile-sup">attempts to interfere in the U.S. elections</a> comes amid heightened tensions between Iran and Western nations. Recently, Iran has been accused of supplying missiles to Russia for the Ukraine conflict, which it has vehemently denied, calling the allegations based on &#8220;faulty intelligence.&#8221; 
Additionally, Meta Platforms Inc. recently thwarted an <a href="https://www.benzinga.com/news/24/08/40541547/heres-how-meta-thwarted-iranian-hackers-attempt-to-target-trump-and-biden">Iranian hacking attempt targeting key figures</a> linked to both President Biden and former President Trump. The hackers, identified as APT42, were blocked from using WhatsApp accounts to carry out their operations.
Moreover, OpenAI uncovered and dismantled an <a href="https://www.benzinga.com/news/24/08/40428036/openai-blocks-iranian-groups-chatgpt-accounts-for-targeting-us-election-says-covert-operation-did-no">Iranian influence operation</a> using ChatGPT to manipulate public opinion during the 2024 elections. The operation, named Storm-2035, aimed to spread disinformation through social media and fake news outlets.
This incident also follows a Russian disinformation campaign that falsely accused Harris of a <a href="https://www.benzinga.com/news/24/09/40915084/kremlin-aligned-group-behind-false-hit-and-run-allegations-against-kamala-harris-microsoft-says">hit-and-run incident</a>, further highlighting the ongoing foreign efforts to influence U.S. politics.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913998/jamie-dimon-says-jpmorgan-is-likely-one-of-the-bigger-users-of-blockchain-technology-but-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jamie Dimon Says JPMorgan Is Likely &#8216;One Of The Bigger Users&#8217; Of Blockchain Technology, But Calls Cryptocurrencies A &#8216;Pet Rock&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

US Intel Agencies Reveal Iran Tried To Share Hacked Trump Campaign Data With Team Biden: FBI Says No Evidence Yet Of A Response From President's Campaign

Amid the Federal Reserve&#8217;s recent decision to cut interest rates, CNBC&#8217;s Jim Cramer has weighed in on how these changes might affect the technology sector.
What Happened: Cramer discussed the Federal Reserve&#8217;s recent interest rate cuts and their implications for the technology sector on Wednesday. He believes these cuts do not significantly benefit tech stocks.
According to <a href="https://www.cnbc.com/2024/09/18/cramer-explains-what-the-feds-rate-cuts-mean-for-tech-stocks.html">CNBC</a> on Thursday, Cramer stated, &#8220;With a double-sized rate cut that everybody already expected, you aren&#8217;t going to see a huge run in tech.&#8221; 
He emphasized that the Fed&#8217;s actions are more beneficial to companies reliant on a healthy consumer base.
The Federal Reserve initiated its rate-cutting cycle by reducing rates by half a point and signaled an additional 50 basis points cut by year-end. This marks the first rate cut since the pandemic, aimed at addressing inflation and balancing economic risks.
Cramer highlighted his observations from Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)&#8217;s annual conference in San Francisco, noting that tech companies, particularly those focused on AI, are less impacted by rate cuts. These companies cater to enterprises rather than consumers, distancing them from the labor market.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919168/ethereum-co-founder-says-donald-trump-is-certainly-the-favorite-over-kamala-harris-for-cry?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ethereum Co-Founder Says Donald Trump Is &#8216;Certainly The Favorite&#8217; Over Kamala Harris For Crypto</a>
He suggested that consumer-oriented companies might benefit more during this rate-cutting cycle. Despite potential gains for tech stocks, Cramer noted that Wall Street often shifts focus to companies that thrive with lower rates.
Cramer concluded, &#8220;On days like today, we want the companies that desperately needed a rate cut, because they just got what they wished for. But tech? It got out of the wish game a very long time ago.&#8221;
Why It Matters: The Federal Reserve&#8217;s decision to cut interest rates by 50 basis points marks a significant shift in monetary policy, breaking a streak of 12 consecutive months with rates held steady. This move aims to <a href="https://www.benzinga.com/news/earnings/24/09/40932557/dow-tumbles-over-100-points-following-feds-rate-decision-fear-greed-index-in-greed-zone">address inflation and balance</a> economic risks. The rate cut has already impacted market sentiment, with the CNN Money Fear and Greed index showing improvement, moving into the &#8220;Greed&#8221; zone.
Price Action: Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks tech players like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and others, was trading 1.67% higher during the pre-market at $479.33 while it closed at $471.44, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Analyst Color

Federal Reserve

AVGO

Jim Cramer Predicts No 'Huge Run' For Tech Stocks After Federal Reserve Cuts Rate: 'It Got Out Of The Wish Game A Very Long Time Ago'

A2Z Inks Framework Agreement With Level 10 To Support U.S. Rollout Of Smart Carts For Retailers

XPENG Motors (("XPENG" or the "Company, NYSE:<a href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), a leading Chinese AI mobility company, is set to participate in the Paris Motor Show 2024 from October 14th to October 20th. Showcasing under the theme "Enchanté, Paris!"1, XPENG will present a range of new technologies and solutions on Booth 6A51 in Hall 6, highlighting its commitment to intelligent, sustainable mobility solutions tailored for the European market.
At the show, XPENG will unveil its latest advancements, including the next-generation smart in-car operating system, Tianji XOS 5.4 for the European market. This innovation showcases XPENG's roadmap to bring adaptive, AI-powered driving experiences to European roads. In addition, XPENG will also demonstrate its next-generation smart cockpit, featuring advanced personalized customization options for displays and frequent OTA update.
Visitors will gain insights into XPENG's future plans, including a roadmap for expanded AI integration and the latest vehicle model incorporating these advancements.
XPENG's participation in the Paris Motor Show underscores its long-term plan to expand globally and become the leading company in AI-powered mobility. As part of this vision, XPENG will continue to leverage its AI expertise and technological innovations to redefine the future of AI mobility.

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XPEV

XPENG To Showcase Smart Mobility Solutions and Latest Vehicle Model at Paris Motor Show 2024

New Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicle registrations in the European Union in the first eight months of 2024 dropped 15% as compared to the corresponding period last year<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39499253/elon-musks-ev-giant-will-see-revenue-from-its-auto-business-slumping-this-year-but-"> as overall electric vehicle (EV) demand dropped</a>, data from Europe&#8217;s auto industry body showed on Thursday.
What Happened: Only 152,607 new Tesla vehicles were registered this year in the EU as of the end of August, as compared to 179,363 registrations in the corresponding period of last year, the European Automobile Manufacturers Association (ACEA) said. 
Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is not faring great in the EU either. In the eight months that ended August, Ford&#8217;s new vehicle registration dropped 16% to 210,351 units. 
However, Swedish automaker Volvo Cars, majority-owned by China&#8217;s Geely, saw new car registrations rise 38% to 192,365 units while Chinese state-owned SAIC Motor also marked an 18% growth in registrations to 102,924 units.
Japan-based Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) witnessed its registrations rise by 18% this year through the end of August to 571,574 units even as rivals including Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) and Hyundai (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) recorded a 3.2% and 4.3% dip in registrations, respectively.
German automaker Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) continues to be the best-selling car brand in the EU, with 1.9 million new vehicles registered in the first eight months of 2024, growing by 1.6% over the same period last year.
Why It Matters: Overall, 7.2 million new cars have been registered<a href="https://www.benzinga.com/news/24/07/39635158/eu-imposes-provisional-duties-of-as-much-as-37-6-on-chinese-ev-imports"> in the EU</a> this year as of the end of August, marking a growth of 1.4% from last year. 
Hydrid electric vehicles&#8217; popularity in the period rose, as depicted by the 21% rise in registrations. Battery electric vehicle registrations dipped 8.3% while diesel vehicle registrations dropped 9.7%.
On Wednesday, the ACEA took note of the drop in BEV market share in the EU. &#8220;European auto manufacturers, united in ACEA, therefore call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect in 2025,&#8221; it said. 
EV adoption and production are hindered by a lack of charging infrastructure and a competitive manufacturing environment, it said, while adding that the current emission rules do not account for the profound shift in the geopolitical and economic climate over the past years. 
The 2025 CO2 emission targets could result in multi-billion euro fines, production cuts, and job losses, ACEA said, while calling for the CO2 regulations for light-duty and heavy-duty vehicles to be reviewed next year. 
&#8220;We stand ready to discuss a package of short-term relief for the 2025 CO2 targets for cars and vans, as well as a fast-track, comprehensive, and robust review of the CO2 Regulations for both cars and trucks, plus targeted secondary legislation, to get the zero-emission transition firmly on track and secure Europe's industrial future,&#8221; it said. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40917032/tesla-cybertruck-lead-engineer-warns-against-using-extension-cord-on-superchargers">Tesla Cybertruck Lead Engineer Warns Against Using Extension Cord On Superchargers</a></li>
</ul>
Photo courtesy: Unsplash

HYMTF

STLA

TSLA

Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed

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BLOK Technologies

BLOK Technologies (BLPFF) Forecast

BLOK Technologies (OTC:BLPFF) Stock, Quote.Headers.trade-ideas