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

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Digihost Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGHI#NASDAQ">DGHI</a>) with a Buy and maintains $2.5 price target.

News

Price Target

Reiteration

Analyst Ratings

DGHI

HC Wainwright & Co. Reiterates Buy on Digihost Technology, Maintains $2.5 Price Target

Digihost Technology Inc. ("Digihost" or the "Company") (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/DGHI#TSXV">DGHI</a>), an innovative energy infrastructure company that develops cutting-edge data centers, is pleased to provide unaudited comparative Bitcoin ("BTC") production results for the month ended November 30, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.
Monthly Production Highlights for November 2024
<ul>
<li>The Company held cash, BTC and cash deposits of approximately $10.0 million as of November 30, 2024, which represents a roughly 11% MoM increase over the previous month (based on a BTC price of $97,200 as of November 30, 2024 and $71,000 as of October 31, 2024, per CoinMarketCap).</li>
<li>Between self-mining and hosting agreements, miners at the Company's facilities produced approximately 37 BTC during the month of November.</li>
<li>The Company invested approximately $0.4 million in November in capital expenditures, mining infrastructure support equipment, and deposits, bringing year-to-date CAPEX deployment to a total of nearly $5 million. This significant investment underscores Digihost's commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders wherever possible. &nbsp;</li>
</ul>
Operations Update
Presently, Digihost operates with approximately 100MW of available power across its three sites and has access to an additional 300MW of allocated power for future development. One of the Company's flagship plants was temporarily taken offline earlier in the quarter for scheduled multi-year maintenance and is expected to resume operations by the end of December 2024. The full utilization of this power capacity is projected to drive substantial revenue growth beginning in Q1, 2025.
The Company is currently contracted with a leading multi-billion dollar global engineering and consulting firm to initiate the pilot phase (up to 20MW) of its Tier 3 data center expansion in Alabama. It expects to complete the project by the end of 2025 or early 2026.
ESG Efforts &amp; Update
Digihost is pleased to announce the successful deployment of the 5MW community solar project in Angola, NY, where the Company is the anchor subscriber. Located 30 miles from Digihost's East Delevan facility, the project now produces renewable electricity sufficient to power more than 2,500 homes annually. Over 50% of the energy utilized in Digihost's operations is currently sourced from zero-emission resources. This milestone underscores the Company's commitment to sustainability by supporting renewable energy development, adding clean energy to the grid and reducing electricity costs.

TSXV:DGHI

Digihost Technology Held 10M In Cash And Bitcoin, Up 11% MoM

U-Haul&#xAE; is opening its first retail, moving and storage center today in Rocky Mount to better meet the residential mobility and self-storage needs of Nash and Edgecombe Counties.
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uhaul.com%2FLocations%2FTruck-Rentals-near-Rocky-Mount-NC-27804%2F961074%2F&amp;esheet=54159408&amp;newsitemid=20241202051824&amp;lan=en-US&amp;anchor=U-Haul+Moving+%26amp%3B+Storage+of+Rocky+Mount&amp;index=1&amp;md5=40eae4ccba8f1511b2df81b19fd33616">U-Haul Moving &amp; Storage of Rocky Mount</a> at 131 S. Wesleyan Blvd. was acquired on Nov. 20. The 8.59-acre property was previously the site of Rocky Mount Storage.
The facility, which offers a variety of 457 indoor climate-controlled storage units for rent, also has truck and trailer sharing; a retail showroom with boxes and moving supplies; and green initiatives like the Take A Box, Leave A Box program.
In the future, customers will have access to outdoor drive-up storage units and U-Box&#xAE; portable moving and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.uhaul.com%2FUBox%2F&amp;esheet=54159408&amp;newsitemid=20241202051824&amp;lan=en-US&amp;anchor=storage+containers&amp;index=2&amp;md5=78f0f022b529e86f4bef00a41402dcb0">storage containers</a>.
This is the 49th U-Haul-owned and -operated store in North Carolina. It is conveniently situated at the corner of South Wesleyan Boulevard and Sunset Avenue, just off U.S. Route 64.

UHAL

U-Haul Expands in North Carolina With New Moving Center in Rocky Mount

For the purpose of expressing confidence in the long term value of the Company, Mr. Bin (Tony) Zhao, founder, chairman and CEO of the Company, Mr. Sheng (Shawn) Zhong, CTO and Chief Scientist of the Company, Mr. Jingbo Wang, CFO of the Company and Mr. Robbin Liu, Vice President of the Company, who comprise all executive officers of the Company, voluntarily undertook, pursuant to the terms contained in the letters of undertaking given to the Company, that they and entities controlled by them shall not in their discretions sell any shares of the Company directly or indirectly beneficially owned by them, until December 31, 2025, save for up to 0.4 million ADSs (representing 1.6 million class A ordinary shares of the Company) to be sold by Mr. Zhong for personal financial reasons. Mr. Zhong expects the sale to be completed by December 31, 2024.

Agora Says Senior Management Team Voluntarily Entered Into Lock-up Period, Expiring On December 31, 2025

Redwire Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>), a leader in space infrastructure for the next generation space economy, announced today the opening of a regional office in Warsaw, expanding the company's European operations to deliver world-class space solutions to a global customer base.
Redwire's Poland office will provide specification and design as well as assembly, integration, and testing (AI&amp;T) support for the company's International Berthing and Docking Mechanism (IBDM). Redwire's IBDM technology will enable autonomous spacecraft docking for the Gateway lunar space station's International Habitat (I-Hab), and iterations of this system could also support other elements of the Gateway as well as low Earth orbit (LEO) spacecraft and commercial space stations. Additionally, Redwire will partner with Polish universities, medical research institutions, and pharmaceutical companies to leverage the company's trailblazing microgravity capabilities on the International Space Station.
With a key objective to recruit local talent, Redwire has hired Marcin Dobrowolski as General Manager of the Polish office. Dobrowolski brings more than a decade of experience in the aerospace industry, with a proven track record of leadership and operational excellence. Prior to joining Redwire, Dobrowolski held leadership roles at PIAP Space and Thales Alenia Space. Dobrowolski has a deep expertise in mechanical engineering and space robotics, along with experience leading major projects for commercial and government space programs.
"We are excited to expand our presence in Europe to support increased demand from international customers and build on our existing heritage and legacy in the region," said Redwire Chairman and CEO Peter Cannito. "Redwire's new Poland office will serve as a hub for cutting-edge research and technology development while contributing to critical systems such as the IBDM."
Redwire's Polish office will help create new opportunities for Poland to participate in European, U.S., and global space programs. Mirroring Redwire's broad and diverse portfolio, the Polish office will pursue civil, commercial, and national security-related activities. Redwire is excited to contribute to Poland's growing and dynamic space economy.

Redwire Opens Warsaw Hub to Lead Global Space Solutions and Research

On November 29, 2024, Akoustis Technologies, Inc. (the "Company") submitted notice to the U.S. District Court for the District of Delaware (the "District Court") that it is appealing to the United States Court of Appeals for the Federal Circuit the judgment (the "Judgment") entered in the matter of Qorvo Inc. vs. Akoustis Technologies, Inc. DE Case 1:21-cv-01417-JPM (the "Qorvo Litigation"), including approximately $38.6 million in damages, approximately $18.4 million in attorneys' fees and pre-judgment interest, and post-judgment interest accrued and accruing thereon, as well as the permanent injunction described in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on October 17, 2024.

Legal

AKTS

QRVO

Akoustis Appeals $38.6M Judgment Plus $18.4M Attorneys' Fees In Qorvo Litigation To United States Court Of Appeals For The Federal Circuit

Updates include interim results from the APG808 Phase 1 trial, data up to 12 months from the APG777 Phase 1 trial, details around the Company's strategy for combinations in AD, asthma and COPD to deliver better efficacy and dosing regimens, and the expected significant commercial potential of its programs.&nbsp;
Data up to 12 months reinforce APG777's best-in-class potential, including 77-day half-life, and provide a potential path to annual dosing.
 &nbsp;

APGE

Apogee Therapeutics Plans To Highlight Updates From Across Its Pipeline During Virtual R&D Day

<ul>
<li>The multi-site, placebo-controlled Phase 1b clinical study will enroll up to 40 subjects in up to 5 cohorts. The primary endpoint is evaluation of the safety and tolerability of a single dose of Gemini in patients with CKD. Secondary and exploratory endpoints will assess the pharmacokinetics, and the potential of Gemini to mobilize and attenuate the innate immune response to stress by measuring several predictive biomarkers of efficacy.</li>
<li>Positive data from the Phase 1b study will enable a Phase 2 study of Gemini as a preconditioning treatment in patients with CKD to reduce the incidence, duration, and severity of acute kidney injury (AKI) in patients undergoing coronary artery bypass graft (CABG) and/or cardiac valve surgery.</li>
</ul>

Biotech

Health Care

General

REVB

The FDA Has Accepted Revelation Biosciences' Investigational New Drug Application To Initiate Phase 1b Study To Evaluate Gemini As A Preconditioning Treatment In Chronic Kidney Disease Patients, Study To Start In Early 2025

Roth MKM analyst Jonathan Aschoff initiates coverage on GT Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTBP#NASDAQ">GTBP</a>) with a Buy rating and announces Price Target of $11.

Initiation

GTBP

Roth MKM Initiates Coverage On GT Biopharma with Buy Rating, Announces Price Target of $11

Piper Sandler analyst Biren Amin initiates coverage on Viking Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) with a Overweight rating and announces Price Target of $74.

VKTX

Piper Sandler Initiates Coverage On Viking Therapeutics with Overweight Rating, Announces Price Target of $74

Needham analyst Ami Fadia reiterates Merus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy and maintains $85 price target.

MRUS

Needham Reiterates Buy on Merus, Maintains $85 Price Target

Piper Sandler analyst Biren Amin initiates coverage on Corbus Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) with a Overweight rating and announces Price Target of $35.

CRBP

Piper Sandler Initiates Coverage On Corbus Pharmaceuticals with Overweight Rating, Announces Price Target of $35

Morgan Stanley analyst Hamza Fodderwala downgrades Tenable Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) from Overweight to Equal-Weight and lowers the price target from $50 to $47.

Downgrades

TENB

Morgan Stanley Downgrades Tenable Holdings to Equal-Weight, Lowers Price Target to $47

Morgan Stanley analyst Hamza Fodderwala downgrades SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from Overweight to Equal-Weight and maintains the price target from $29 to $29.

Morgan Stanley Downgrades SentinelOne to Equal-Weight, Maintains Price Target to $29

Morgan Stanley analyst Simeon Gutman upgrades Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) from Equal-Weight to Overweight and raises the price target from $92 to $97.

Upgrades

OKTA

Morgan Stanley Upgrades Okta to Overweight, Raises Price Target to $97

Morgan Stanley analyst Keith Weiss upgrades Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) from Equal-Weight to Overweight and raises the price target from $92 to $130.

Morgan Stanley Upgrades Cloudflare to Overweight, Raises Price Target to $130

Piper Sandler analyst Edward Tenthoff upgrades Xencor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNCR#NASDAQ">XNCR</a>) from Neutral to Overweight and raises the price target from $20 to $30.

XNCR

Piper Sandler Upgrades Xencor to Overweight, Raises Price Target to $30

Brett (BRETT) was one of the most successful meme coins over the last week, with returns eclipsing those of blue-chip currencies like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
What happened: BRETT recorded weekly gains of over 17%, becoming the best-performing meme coin among those with a market valuation of more than $1 billion.
The token reached an all-time high of $0.2342 on Sunday, resulting in a $2 billion market capitalization, before falling back to $0.20.
The latest uptick was likely in anticipation of a listing on a major cryptocurrency exchange, like Binance or Coinbase.
Pseudonymous cryptocurrency trader Crash noted that BRETT was one of the largest meme coins by market value yet to be launched on Binance and Coinbase.
"And just how bullish is this thing to be at $2B without either so far," the trader remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> is the largest market cap memecoin EVER not listed on <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw">@Binance</a> or <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> YET Whos listing first? And just how bullish is this thing to be at 2B without either so far&#x1f92f; <a href="https://t.co/xQudxwm2s3">pic.twitter.com/xQudxwm2s3</a>
&mdash; Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1863113867984773628?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
Why It Matters: Listing a cryptocurrency on exchanges increases liquidity, which in turn improves market efficiency. The listing also helps to increase the coin's visibility to a larger audience and builds confidence in its legitimacy.&nbsp;
In the past, meme coins like Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), and dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) have rallied significantly after getting listed on established trading platforms.&nbsp;
Inspired by the character of the same name from the popular comic series "Boys Club," BRETT is based on the Base blockchain.
Since its launch in February, BRETT has racked up gains of more than 417%, which was higher than Dogecoin and Shiba Inu's year-to-date gains.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>
Image via Shutterstock

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

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DOGE

BRETT Hits All-Time High, Touches $2B Market Cap Amid Binance, Coinbase Listing Buzz

Telsey Advisory Group analyst Joseph Feldman maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Market Perform and lowers the price target from $103 to $90.

Telsey Advisory Group Maintains Market Perform on Dollar Gen, Lowers Price Target to $90

Barclays analyst Dan Levy upgrades Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) from Equal-Weight to Overweight and raises the price target from $12 to $18.

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