Business — Page 189

The Texas Bitcoin mining asset auction will reopen Oct. 2 after Poolin selected a $140 million offer amid bidding disputes.

Trading restrictions begin Oct. 5, with all positions closed and automatically settled at 5 a.m. ET (09:00 UTC).

A New Jersey bankruptcy court reopened bidding after negotiations failed, with Hut 8’s affiliate retaining stalking-horse status and a public auction set for Oct. 2.

The proposed deal includes $100 million at closing and up to $80 million in milestone payments tied to future data-center development.

The chipmaker generated $44 billion in operating cash flow and $33.2 billion in free cash flow during fiscal 2026’s fourth quarter.

CFO Mark Murphy said the company generated $44 billion in operating cash flow and $33.2 billion in free cash flow during fiscal fourth quarter 2026.

The platform will combine news, data, prices and probabilities with prediction markets, spot trading and other financial products rolling out in stages.

The chipmaker expects $61.5 billion in fiscal first-quarter revenue and plans about $25 billion in capital spending during fiscal 2027’s first half.

Mark Murphy forecast earnings of $38.15 per share and said the quarter would mark the low point for fiscal 2027 gross margin.

The dollar-pegged stablecoin supports payments, settlement and foreign exchange across Base, Ethereum, Solana and Tempo.

The financing includes $223 million in equity and $445 million in credit, with ARCHIV leading the equity round.

The exchange’s 40th disclosure added 10 tokens and showed reserve coverage above 100% for every asset in scope.

The platform grew from about $770 million at the start of 2026 and now includes 15 SEC-registered funds across eight public blockchains.

CEO Vlad Tenev said the platform is also preparing private-company stock tokens after offering about 200 tokenized equities.

The listed Solana treasury company plans to use the proceeds for additional Solana purchases or share repurchases.

The exchange proposed immediate distributions, recovery tokens tied to a 2021 cyberattack and a future-profit token as it reviews its balance sheet.

Vault Inheritance supports Bitcoin, XRP and Hedera through an assisted self-custody wallet, with a 30-day free trial and compliance review required before transfers.

Users could receive liquid assets or exchange dollarized balances for Restitution or Continuum tokens. BitMart plans to consult its 50 largest users over the next three to four weeks.

The chipmaker expects third-quarter revenue of $44.6 billion to $45.8 billion, with gross profit margins of 65% to 67%.

The memory-chip maker projects $61.5 billion in revenue for its fiscal first quarter, above the $56.8 billion market forecast cited in its results.

The chipmaker forecast $61.5 billion in fiscal first-quarter revenue, plus or minus $1.5 billion, with adjusted gross margin near 86.25%.

Matan Grinberg said he removed Chris Degnan after Degnan disclosed ongoing talks with Factory’s rival, which later hired him as chief revenue officer.

Adjusted earnings reached $33.42 per share, while quarterly revenue nearly quadrupled from a year earlier as memory supply remains tight.

The San Francisco company’s Series B will support AI and systems-engineering teams, product reviews, certifications and sales expansion.

The proposed combination would connect liquidity and incentive governance across Base, Optimism and Ethereum mainnet.

Open USD launched Sept. 30 across Ethereum, Base, Solana and Tempo, with businesses able to mint and redeem the token at 1:1 without fees.

The platform offers more than 260 tokenized U.S. stocks and ETFs to eligible non-U.S. users across Ethereum, Solana and BNB Chain.

The agreement preserves Cboe’s exclusive SPX options rights while allowing exploration of tokenized options without committing to a product or launch date.

Mastercard’s distribution route runs through BVNK, Visa is offering limited beta access, and Coinbase is scheduled to follow Oct. 1.

The completed pilot used USD Coin (USDC) to settle a cross-border transaction involving the bank and payments company.

OpenAI closed Sora’s web and app experiences April 26 and scheduled the API for discontinuation Sept. 24. Disney had planned a $1 billion equity investment.

The incident injured 12 people and forced the company to cancel spot tenders for diesel, jet fuel and reformate.

The Brooklyn-based company will use the seed funding for enterprise deployments, product development and engineering and research hiring.

The tokens are intended for a monthly team distribution and would be sold over the counter to an institution on Sept. 30.

The tokens are tied to an over-the-counter transaction with an institutional buyer and are scheduled for distribution to team members on Oct. 7.

A joint white paper outlines a connected system linking traditional infrastructure, private networks and public blockchains as tokenization moves toward implementation.

The planned integration would bring Open USD to a payments-focused Layer 1 blockchain supporting stablecoin-denominated fees, payment-specific metadata and rapid block finality.

Bridge issued OUSD for deployment on Base, Ethereum, Solana and Tempo. Coinbase plans to add support Oct. 1.

OUSD supports 1:1 minting and redemption through Mastercard, Stripe and Visa platforms, with Coinbase support scheduled to begin Oct. 1.

The company’s new valuation is twice the $11 billion level attached to its previous funding round.