Hut 8 Corp., a major Bitcoin mining and energy infrastructure company, recently announced the purchase of about 990 Bitcoin for around $100 million, averaging approximately $101,710 per Bitcoin. This acquisition brings their total to 10,096 Bitcoin, valued over $1 billion, making Hut 8 one of the world’s top corporate Bitcoin holders. The strategic reserve is ...
Exxon Mobil and Chevron have wrapped up the Big Oil earnings season with impressive announcements of increased fossil fuel production. This comes as OPEC and its allies gear up to boost crude supply in the global market.
Lumio Holdings Inc., a solar installer, has received approval from a US bankruptcy court to sell its business to Zeo Energy Corp. This deal comes as a relief, preventing liquidation which some creditors had sought.
A judge has extended a pause on legal battles involving Puerto Rico's electric utility as it negotiates with bondholders to reduce its debts. This decision comes as the utility works to address its financial challenges.
U.S. regulators have reported that the operator of the Keystone pipeline is partly responsible for failures that led to the spill of nearly 13,000 barrels of crude oil in 2022.
