‘The Rings of Power’ Season 1, Episode 3: Island Time
New characters, new realms and the same old prejudices (onscreen and off). Here are five takeaways from the third episode of Amazon’s “Lord of the Rings” prequel.
Send any friend a story
As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.
By Noel Murray
Mawson Infra To Sell Bitcoin Mining Facility And 6,468 ASIC Miners To CleanSpark For Up To $42.5 Mln
Digital infrastructure provider Mawson Infrastructure Group Inc. (MIGI) announced Friday it has agreed to sell its Sandersville, Georgia-based Bitcoin Mining Facility, and 6,468 ASIC Bitcoin Miners to CleanSpark, Inc. (CLSK) for up to a maximum total purchase price of $42.5 million.
As part of the $33 million plus power deposits, of consideration for the Bitcoin Mining Facility, Mawson will receive up to approximately $11 Million in CleanSpark stock, which would result in Mawson owning approximately 5.5% of the outstanding common stock of CleanSpark. Mawson will receive an additional $9.48 million for the 6468 ASIC Bitcoin Miners.
Mawson intends to use the proceeds of sale to reduce debt and to focus near-term expansion activities at its Midland and Sharon Bitcoin Mining Facilities in Pennsylvania.
The agreement has been approved by the organizations’ respective boards of directors and is subject to reaching certain earn-out commitments and customary closing conditions. CleanSpark and Mawson expect to close the transaction in early October.
DOCU Surges 8%; Reaffirms FY23 Revenue Outlook
Shares of DocuSign Inc. (DOCU) are rising over 8% Friday morning, after the company reaffirmed its full-year revenue guidance, while reporting better-than-expected Q2 results.
The stock is currently trading at $63.03, up $5.08 or 8.77%, with trading volume surging over 11.2 million versus an average volume of 4.79 million shares. The stock has been trading between $53.25 and $288.50 for the past one year.
For fiscal year ending January 31, 2023, the company continues to project total revenue in the range of $2.470 billion – $2.482 billion. Nineteen Wall Street analysts have a consensus revenue estimate of $2.47 billion for the fiscal year 2023.
DocuSign sees Q3 total revenue in the range of $624 million – $628 million. Analysts expect revenue of $624.94 million for the quarter.
The company reported Q2 net loss of $45.1 million or $0.22 per share compared to a loss of $25.5 million or $0.13 per share last year. Non-GAAP net income attributable to common stockholders was $90.2 million or $0.44 per share versus $98.0 million or $0.47 per share last year. Total revenues was $622.2 million, up 22%, compared to $511.8 million prior year.
Analysts polled by Thomson Reuters expected earnings of $0.42 per share on revenue of $602.34 million for the quarter. Analysts’ estimate typically exclude certain special items.
European Economics Preview: Eurozone Retail Sales, Final PMI Data Due
Retail sales and final composite Purchasing Managers’ survey results from Eurozone are due on Monday, headlining a busy day for the European economic news.
At 2.00 am ET, the State Secretariat for Economic Affairs releases Swiss GDP data for the second quarter. Economists forecast the economy to grow 0.4 percent sequentially, slightly slower than the 0.5 percent increase in the first quarter.
At 3.15 am ET, S&P Global releases Spain’s services Purchasing Managers’ survey results. Economists expect the index to fall to 52.9 in August from 53.8 in the previous month.
At 3.45 am ET, Italy’s services PMI survey data is due. The index is seen at 48.3, down from 48.4 a month ago.
Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.
At 4.00 am ET, S&P Global releases euro area final composite PMI survey data. The index is seen at 49.2 in August, the same as in the flash estimate, down from 49.9 a month ago.
Half an hour later, UK S&P/CIPS final PMI survey data is due. The final composite index is forecast to fall to 50.9 in August from 52.1 in July.
At 5.00 am ET, Eurostat is scheduled to publish euro area retail sales figures for July. Economists forecast sales to rise 0.4 percent on month, in contrast to the 1.2 percent fall in June.
RH Shares Up 6% On Better-Than-Expected Q2
Shares of RH (RH) are rising over 6% Friday morning, after the company reported better-than-expected results for the second quarter.
The stock is currently trading at $278.11, up $16.40 or 6.27%, with trading volume of over 443K versus an average volume of 751K shares. RH has been trading in the range of $207.37 – $733.10 for the past one year.
The company’s Q2 GAAP net income was $122 million or $5.37 per share compared to $227 million or $7.09 per share last year.
On an adjusted basis, net income totaled $217 million or $8.08 per share versus $252 million or $8.48 per share in the prior year period.
Net revenues for the quarter increased to $992 million from $989 million generated a year ago. Results exceeded the company’s revised guidance due to faster backlog relief despite a deteriorating macro environment.
Analysts polled by Thomson Reuters expected earnings of $6.71 per share on revenue of $968.42 million for the quarter. Analysts’ estimate typically exclude certain special items.
Sprinklr Gains On Narrower Loss In Q2
Sprinklr, Inc. (CXM) shares are up more than 6 percent on Friday morning trade after the company reported narrower loss for the second quarter on revenue growth of 27 percent from the prior year.
The company reported second-quarter loss of $23.93 million or $0.09 per share, compared to loss of $32.35 million or $0.19 per share last year.
Revenue for the quarter increased to $150.63 million, from $118.69 a year ago.
currently, shares are at $12.28, up 6.23 percent from the previous close of $11.56 on a volume of 440,264. For the 52-week period, the shares have traded in a range of $9.41-$20.29 on average volume of 504,003.