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<a href="https://www.channelchek.com/news-channel/russell-reconstitution-2025-what-investors-should-know">The Russell Reconstitution is an annual event</a> where FTSE Russell recalibrates its U.S. equity indexes, such as the Russell 3000 and Russell 2000, to reflect changes in the market. This process ensures that the indexes accurately represent the current U.S. equity landscape by adjusting for shifts in company market capitalizations and other relevant factors.



<h3 class="wp-block-heading">Key Dates for the 2025 Reconstitution</h3>



<ul class="wp-block-list">
<li>April 30, 2025: Rank day—companies are ranked by market capitalization to determine index membership.</li>



<li>May 23, 2025: FTSE Russell publishes preliminary additions and deletions for the indexes.​</li>



<li>June 27, 2025: Reconstitution becomes effective after the U.S. market closes.​</li>



<li>June 30, 2025: Markets open with the newly reconstituted Russell U.S. Indexes</li>
</ul>



<h3 class="wp-block-heading">The Importance of the Russell 3000 Index</h3>



The Russell 3000 Index serves as a comprehensive benchmark, encompassing approximately 98% of the investable U.S. equity market. It includes the largest 3,000 U.S. companies, providing a broad view of the market's performance.​



<h3 class="wp-block-heading">Spotlight on the Russell 2000 Index</h3>



The Russell 2000 Index focuses on the smallest 2,000 companies within the Russell 3000, offering insights into the small-cap segment of the market. This index is closely watched as a barometer for the performance of smaller, domestically focused companies.



<h3 class="wp-block-heading">IPO Additions Throughout the Year</h3>



FTSE Russell also incorporates eligible IPOs into its indexes on a quarterly basis, ensuring that newly public companies are promptly represented in the appropriate benchmarks like the Russell 3000 instead of waiting for reconstitution.



<h3 class="wp-block-heading">Impact on Trading Activity</h3>



The reconstitution prompts significant trading activity as index funds and ETFs adjust their holdings to align with the updated index compositions. With hundreds of billions of dollars benchmarked to Russell indexes, these adjustments can lead to substantial market movements.​



<h3 class="wp-block-heading">Following Russell’s Transparent Methodology</h3>



FTSE Russell employs a transparent, rules-based methodology for its reconstitution process. Key eligibility criteria include:​



<ul class="wp-block-list">
<li>Trading on eligible U.S. stock exchanges​</li>



<li>Meeting minimum price, market cap, and liquidity thresholds​</li>



<li>Sufficient public float and voting rights​</li>



<li>Eligible corporate structures​</li>
</ul>



Staying informed about these criteria helps investors anticipate changes that may affect their portfolios.



As the Russell indexes continue to evolve, the annual reconstitution remains a critical event for investors. Monitoring these changes can provide valuable insights into market trends and help inform investment strategies when reallocating capital.

The Russell Reconstitution is an annual event where FTSE Russell recalibrates its U.S. equity indexes, such as the Russell 3000 and Russell 2000, to reflect changes in the market. This process ensures that the indexes accurately represent the current U.S. equity landscape by adjusting for shifts in company market capitalizations and other relevant factors.



Key Dates for the 2025 Reconstitution




April 30, 2025: Rank day—companies are ranked by market capitalization to determine index membership.



May 23, 2025: FTSE Russell publishes preliminary additions and deletions for the indexes.​



June 27, 2025: Reconstitution becomes effective after the U.S. market closes.​



June 30, 2025: Markets open with the newly reconstituted Russell U.S. Indexes




The Importance of the Russell 3000 Index



The Russell 3000 Index serves as a comprehensive benchmark, encompassing approximately 98% of the investable U.S. equity market. It includes the largest 3,000 U.S. companies, providing a broad view of the market&#8217;s performance.​



Spotlight on the Russell 2000 Index



The Russell 2000 Index focuses on the smallest 2,000 companies within the Russell 3000, offering insights into the small-cap segment of the market. This index is closely watched as a barometer for the performance of smaller, domestically focused companies.



IPO Additions Throughout the Year



FTSE Russell also incorporates eligible IPOs into its indexes on a quarterly basis, ensuring that newly public companies are promptly represented in the appropriate benchmarks like the Russell 3000 instead of waiting for reconstitution.



Impact on Trading Activity



The reconstitution prompts significant trading activity as index funds and ETFs adjust their holdings to align with the updated index compositions. With hundreds of billions of dollars benchmarked to Russell indexes, these adjustments can lead to substantial market movements.​



Following Russell’s Transparent Methodology



FTSE Russell employs a transparent, rules-based methodology for its reconstitution process. Key eligibility criteria include:​




Trading on eligible U.S. stock exchanges​



Meeting minimum price, market cap, and liquidity thresholds​



Sufficient public float and voting rights​



Eligible corporate structures​




Staying informed about these criteria helps investors anticipate changes that may affect their portfolios.



As the Russell indexes continue to evolve, the annual reconstitution remains a critical event for investors. Monitoring these changes can provide valuable insights into market trends and help inform investment strategies when reallocating capital.

Russell Reconstitution 2025: The Ultimate Guide to This Year's Index Shake-Up

FTSE Russell

Russell 2000

Russell 3000

Russell Indexes

Russell Reconstitution 2025

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<a href="http://www.channelchek.com/company/perf">Research News and Market Data on PERF</a> 



April 14, 2025



NEW YORK--(BUSINESS WIRE)--&nbsp;Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it plans to release its financial results for the first quarter of 2025 before U.S. markets open on Monday, April 28, 2025 and to hold a conference call at 8:00 p.m. Eastern Time the same day on April 28, 2025 (or 8:00 a.m. Taipei Standard Time the following day on April 29, 2024).



The Company’s management will discuss the financial results and latest developments during the conference call. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registration, each participant will receive a participant dial-in number and a unique access PIN, which can be used to join the conference call.



Registration Link:&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fregistrations.events%252Fdirect%252FQ4I51630494%26data%3D05%257C02%257Cjonathan_ko%2540perfectcorp.com%257C60d520c69b4940f5fd2808dd6e0039a1%257C6bbef7cde5ee4d948878cb771dd051e2%257C0%257C0%257C638787669454789964%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DXvVHoBP72Vu2EW75WOpRH6ADvzIZY6WFZlPRBeY7Xsc%253D%26reserved%3D0&amp;esheet=54232057&amp;newsitemid=20250414519382&amp;lan=en-US&amp;anchor=https%3A%2F%2Fregistrations.events%2Fdirect%2FQ4I51630494&amp;index=1&amp;md5=f4b1b921b334dbfd23f892da17ce7de2">https://registrations.events/direct/Q4I51630494</a>



A live and archived webcast of the conference call will also be available at the Company’s investor relations website at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.perfectcorp.com&amp;esheet=54232057&amp;newsitemid=20250414519382&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.perfectcorp.com&amp;index=2&amp;md5=d95a0ef9556f5a2eb15c5eccd7a5dc21">https://ir.perfectcorp.com</a>.



About Perfect Corp. <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.perfectcorp.com%2Fbusiness%3Futm_source%3Dbusinesswire%26utm_medium%3DNR%26utm_campaign%3DNR%26utm_content%3DAboutPF&amp;esheet=54232057&amp;newsitemid=20250414519382&amp;lan=en-US&amp;anchor=Perfect+Corp.&amp;index=3&amp;md5=ccb767f42739b820cc3464fffd0421e8">Perfect Corp.</a>&nbsp;(NYSE: PERF) leverages ‘Beautiful AI’ innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations. For more information, visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.perfectcorp.com%2F&amp;esheet=54232057&amp;newsitemid=20250414519382&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.perfectcorp.com%2F&amp;index=4&amp;md5=23e0d3e06d79418adb9f89ac610f8b0e">https://ir.perfectcorp.com/</a>.



Category: Investor Relations



<figure class="wp-block-image"><img src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20250414519382r1&amp;sid=q4-prod&amp;distro=nx&amp;lang=en" alt=""/></figure>



Investor Relations Contact Investor Relations, Perfect Corp. Email:&nbsp;<a href="mailto:Investor_Relations@PerfectCorp.com">Investor_Relations@PerfectCorp.com</a>



Source: Perfect Corp.

Research News and Market Data on PERF 



April 14, 2025



NEW YORK&#8211;(BUSINESS WIRE)&#8211;&nbsp;Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it plans to release its financial results for the first quarter of 2025 before U.S. markets open on Monday, April 28, 2025 and to hold a conference call at 8:00 p.m. Eastern Time the same day on April 28, 2025 (or 8:00 a.m. Taipei Standard Time the following day on April 29, 2024).



The Company’s management will discuss the financial results and latest developments during the conference call. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registration, each participant will receive a participant dial-in number and a unique access PIN, which can be used to join the conference call.



Registration Link:&nbsp;https://registrations.events/direct/Q4I51630494



A live and archived webcast of the conference call will also be available at the Company’s investor relations website at&nbsp;https://ir.perfectcorp.com.



About Perfect Corp.Perfect Corp.&nbsp;(NYSE: PERF) leverages ‘Beautiful AI’ innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations. For more information, visit&nbsp;https://ir.perfectcorp.com/.



Category: Investor Relations







Investor Relations ContactInvestor Relations, Perfect Corp.Email:&nbsp;Investor_Relations@PerfectCorp.com



Source: Perfect Corp.

Release - Perfect Corp. to Announce Financial Results for First Quarter of 2025 on April 28, 2025

PERF

Perfect Corp.

Technology

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<a href="http://www.channelchek.com/company/arlp">Research News and Market Data on ARLP</a> 



April 14, 2025



<a href="https://s202.q4cdn.com/937149565/files/doc_news/Alliance-Resource-Partners-L-P--Announces-First-Quarter-2025-Earnings-Conference-Call-2025.pdf" target="_blank" rel="noreferrer noopener">Download(opens in new window)</a>



TULSA, Okla.--(BUSINESS WIRE)--&nbsp;Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2025 financial results before the market opens on Monday, April 28, 2025. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.



To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "Investors" section of ARLP’s website at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.arlp.com%2F&amp;esheet=54237177&amp;newsitemid=20250414276921&amp;lan=en-US&amp;anchor=www.arlp.com&amp;index=1&amp;md5=219490f20f8a357a77b891eb45abbd32">www.arlp.com</a>.



An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13753170.



About Alliance Resource Partners, L.P.



ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil &amp; gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.



News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.arlp.com&amp;esheet=54237177&amp;newsitemid=20250414276921&amp;lan=en-US&amp;anchor=www.arlp.com&amp;index=2&amp;md5=3d114f5b12b6e332906fbc5c54e57006">www.arlp.com</a>. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at&nbsp;<a href="mailto:investorrelations@arlp.com">investorrelations@arlp.com</a>.



<figure class="wp-block-image"><img src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20250414276921r1&amp;sid=q4-prod&amp;distro=nx&amp;lang=en" alt=""/></figure>



Investor Relations Contact Cary P. Marshall Senior Vice President and Chief Financial Officer (918) 295-7673 <a href="mailto:investorrelations@arlp.com">investorrelations@arlp.com</a>



Source: Alliance Resource Partners, L.P.

Research News and Market Data on ARLP 



April 14, 2025



Download(opens in new window)



TULSA, Okla.&#8211;(BUSINESS WIRE)&#8211;&nbsp;Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2025 financial results before the market opens on Monday, April 28, 2025. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.



To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the &#8220;Investors&#8221; section of ARLP’s website at&nbsp;www.arlp.com.



An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13753170.



About Alliance Resource Partners, L.P.



ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil &amp; gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.



News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (&#8220;SEC&#8221;), are available at&nbsp;www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at&nbsp;investorrelations@arlp.com.







Investor Relations ContactCary P. MarshallSenior Vice President and Chief Financial Officer(918) 295-7673investorrelations@arlp.com



Source: Alliance Resource Partners, L.P.

Release - Alliance Resource Partners, L.P. Announces First Quarter 2025 Earnings Conference Call

Alliance Resource Partners

ARLP

Coal

Natural Resources

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Monday, April 14, 2025



InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQX Exchange under the symbol IPOOF.



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Hans Baldau, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Transformative acquisition closed.&nbsp;InPlay Oil recently closed its acquisition of Cardium light oil focused assets in the Pembina area of Alberta from Obsidian Energy for net consideration of approximately $301 million. The transaction more than doubles InPlay’s total output to 18,750 barrels of oil equivalent per day (boe/d). The assets are 68% weighted in oil and natural gas liquids (NGLs) and have a low decline rate of 22%. Management expects greater production, a lower decline rate, and enhanced operational efficiency. Following the completion of the acquisition, InPlay had 167,636,627 shares issued and outstanding.



Share consolidation.&nbsp;Effective April 14, InPlay will implement a share consolidation based on one common share for six common shares. The consolidation was unanimously approved by the company’s board&nbsp;and by 96.56% of the votes cast during a special meeting of shareholders. Post-consolidation, InPlay will have approximately 27,939,438 common shares issued and outstanding. The shares are expected to begin trading on a post-consolidation basis two to three trading days following the effective date.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/27412">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Monday, April 14, 2025



InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQX Exchange under the symbol IPOOF.



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Hans Baldau, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Transformative acquisition closed.&nbsp;InPlay Oil recently closed its acquisition of Cardium light oil focused assets in the Pembina area of Alberta from Obsidian Energy for net consideration of approximately $301 million. The transaction more than doubles InPlay’s total output to 18,750 barrels of oil equivalent per day (boe/d). The assets are 68% weighted in oil and natural gas liquids (NGLs) and have a low decline rate of 22%. Management expects greater production, a lower decline rate, and enhanced operational efficiency. Following the completion of the acquisition, InPlay had 167,636,627 shares issued and outstanding.



Share consolidation.&nbsp;Effective April 14, InPlay will implement a share consolidation based on one common share for six common shares. The consolidation was unanimously approved by the company’s board&nbsp;and by 96.56% of the votes cast during a special meeting of shareholders. Post-consolidation, InPlay will have approximately 27,939,438 common shares issued and outstanding. The shares are expected to begin trading on a post-consolidation basis two to three trading days following the effective date.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

InPlay Oil (IPOOF) - Moving Up in the League Table

Energy

InPlay Oil

IPOOF

Oil &amp; Gas E&amp;P

Noble Capital Markets Research Morning Call

<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Key Points: - StoneX acquires R.J. O’Brien for $900M, expanding its client base and derivatives footprint. - Deal brings in $766M in annual revenue and $170M in EBITDA, with $100M+ in combined synergies projected. - Signals broader consolidation in fintech and infrastructure, opening opportunities for small-cap innovators.</td></tr></tbody></table></figure>



StoneX Group Inc. (NASDAQ: SNEX), a diversified financial services firm with a $3 billion market cap, has entered into a definitive agreement to acquire R.J. O’Brien (RJO) — the oldest futures brokerage in the U.S. — for approximately $900 million in a transformative all-cash and stock transaction. The acquisition, announced April 14, significantly strengthens StoneX’s footprint in the global derivatives clearing and execution space, while offering intriguing ripple effects for small- and micro-cap investors active in the financial infrastructure ecosystem.



Under the terms of the deal, StoneX will pay $625 million in cash and issue 3.5 million shares of common stock to complete the acquisition. The company will also assume up to $143 million of RJO’s debt. RJO supports over 75,000 client accounts and maintains one of the largest global networks of introducing brokers, giving StoneX an immediate scale boost and access to nearly 300 new brokerage relationships.



For investors in small-cap financial services and fintech firms, this merger is significant. RJO has long held a unique niche in the derivatives space, especially in commodities, agriculture, and physical hedging markets. While both firms bring over a century of institutional knowledge, RJO’s expertise in traditional futures markets combined with StoneX’s broader capital markets reach and OTC platform suggests a diversified and potentially more competitive offering in a rapidly consolidating sector.



This deal also signals a growing appetite for consolidation in the brokerage and financial infrastructure space — an area where many micro- and small-cap firms operate. For companies building next-generation risk, trading, or clearing technology, StoneX’s deal is a reminder that established firms are actively looking for strategic expansion and complementary capabilities.



From a financial standpoint, RJO brings meaningful value. It generated $766 million in revenue and approximately $170 million in EBITDA in 2024. The deal is expected to drive more than $50 million in operating cost synergies and unlock a similar amount in capital efficiencies. The addition of nearly $6 billion in client float expands StoneX’s balance sheet flexibility and clears a path for future earnings growth.



Notably, the transaction increases StoneX’s cleared listed derivatives volume by approximately 190 million contracts annually. This positions the firm among the top global players in a highly competitive space — one where small-cap disruptors and traditional firms are constantly jostling for relevance in an evolving market landscape.



While the combined company remains a mid-cap name today, its ongoing appetite for integration and diversified revenue streams places it on the radar for long-term investors focused on scalable financial services platforms.



For small-cap investors, the real takeaway is how this deal reinforces the rising value of deep client networks, multi-asset execution, and operational scale — qualities that emerging firms must either build or partner to attain in today’s market.

Key Points: &#8211; StoneX acquires R.J. O’Brien for $900M, expanding its client base and derivatives footprint.&#8211; Deal brings in $766M in annual revenue and $170M in EBITDA, with $100M+ in combined synergies projected.&#8211; Signals broader consolidation in fintech and infrastructure, opening opportunities for small-cap innovators.



StoneX Group Inc. (NASDAQ: SNEX), a diversified financial services firm with a $3 billion market cap, has entered into a definitive agreement to acquire R.J. O’Brien (RJO) — the oldest futures brokerage in the U.S. — for approximately $900 million in a transformative all-cash and stock transaction. The acquisition, announced April 14, significantly strengthens StoneX’s footprint in the global derivatives clearing and execution space, while offering intriguing ripple effects for small- and micro-cap investors active in the financial infrastructure ecosystem.



Under the terms of the deal, StoneX will pay $625 million in cash and issue 3.5 million shares of common stock to complete the acquisition. The company will also assume up to $143 million of RJO’s debt. RJO supports over 75,000 client accounts and maintains one of the largest global networks of introducing brokers, giving StoneX an immediate scale boost and access to nearly 300 new brokerage relationships.



For investors in small-cap financial services and fintech firms, this merger is significant. RJO has long held a unique niche in the derivatives space, especially in commodities, agriculture, and physical hedging markets. While both firms bring over a century of institutional knowledge, RJO’s expertise in traditional futures markets combined with StoneX’s broader capital markets reach and OTC platform suggests a diversified and potentially more competitive offering in a rapidly consolidating sector.



This deal also signals a growing appetite for consolidation in the brokerage and financial infrastructure space — an area where many micro- and small-cap firms operate. For companies building next-generation risk, trading, or clearing technology, StoneX’s deal is a reminder that established firms are actively looking for strategic expansion and complementary capabilities.



From a financial standpoint, RJO brings meaningful value. It generated $766 million in revenue and approximately $170 million in EBITDA in 2024. The deal is expected to drive more than $50 million in operating cost synergies and unlock a similar amount in capital efficiencies. The addition of nearly $6 billion in client float expands StoneX’s balance sheet flexibility and clears a path for future earnings growth.



Notably, the transaction increases StoneX’s cleared listed derivatives volume by approximately 190 million contracts annually. This positions the firm among the top global players in a highly competitive space — one where small-cap disruptors and traditional firms are constantly jostling for relevance in an evolving market landscape.



While the combined company remains a mid-cap name today, its ongoing appetite for integration and diversified revenue streams places it on the radar for long-term investors focused on scalable financial services platforms.



For small-cap investors, the real takeaway is how this deal reinforces the rising value of deep client networks, multi-asset execution, and operational scale — qualities that emerging firms must either build or partner to attain in today’s market.

​StoneX's $900M Acquisition of R.J. O’Brien: A Strategic Expansion in Global Derivatives​

Brokerage

Futures

M&amp;A

Merger

StoneX

<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Key Points: - Bond yields spiked sharply this week, raising concerns about higher borrowing costs for small-cap companies. - Small-caps are more rate-sensitive, but the sell-off may be overdone and could present buying opportunities. - Long-term investors may benefit from focusing on quality small-cap names with strong fundamentals and domestic exposure.</td></tr></tbody></table></figure>



A dramatic spike in long-term bond yields shook financial markets this week, sending investors scrambling as the 10-year Treasury yield soared past 4.5%, marking its biggest weekly surge since 2021. The 30-year yield rose even more sharply, posting its largest weekly gain since 1982. The sell-off was driven by a mix of sticky inflation, trade policy uncertainty, and a volatile geopolitical landscape — all amplified by President Trump’s ongoing tariff saga.



Yet while the headlines have centered on fear, especially around rising borrowing costs and global capital flows, there’s more nuance in the story for small-cap stocks.



It’s true that small-caps are uniquely exposed to changes in financial conditions. Many of these companies carry floating-rate debt and operate on thinner margins, making them more vulnerable to interest rate shocks. As bond yields rise, funding gets more expensive — and for firms that rely on access to capital markets, that’s a real pressure point.



But it’s also true that small-caps tend to be early-cycle performers. Historically, when markets reprice aggressively like this, they often overshoot. And while volatility can punish smaller names in the short term, it also tends to present opportunity — especially for companies with solid fundamentals and nimble management teams that can adapt quickly to shifting economic conditions.



The Russell 2000, the primary small-cap index, has already fallen more than 20% from its November highs, technically entering a bear market. But that also means much of the negative sentiment may already be priced in — a potential setup for a bounce once bond markets stabilize and investor focus shifts back to fundamentals.



Additionally, while the bond market’s sharp move has understandably rattled equity investors, some of the pressure may prove temporary. If the Federal Reserve sees the spike in yields as overdone — or if inflation data continues to soften — rate cuts could be back on the table. Futures markets are still pricing in up to four cuts by year-end, which could ease financial conditions and provide meaningful support to small-cap valuations.



For long-term investors, this is a time to stay alert but not panicked. <a href="https://www.channelchek.com/news-channel/are-small-caps-oversold-why-now-might-be-the-time-to-start-your-shopping-list">Small-cap stocks still represent some of the most innovative and growth-oriented businesses in the U.S. economy</a>. Many are domestically focused, potentially shielding them from global trade disruptions, and offer exposure to sectors — like biotech, software, and manufacturing — that could benefit as the policy environment evolves.



The current environment is undoubtedly challenging, but small-caps have weathered worse and bounced back stronger. If volatility persists, it could open the door to selectively adding quality small-cap names at compelling valuations.

Key Points:&#8211; Bond yields spiked sharply this week, raising concerns about higher borrowing costs for small-cap companies.&#8211; Small-caps are more rate-sensitive, but the sell-off may be overdone and could present buying opportunities.&#8211; Long-term investors may benefit from focusing on quality small-cap names with strong fundamentals and domestic exposure.



A dramatic spike in long-term bond yields shook financial markets this week, sending investors scrambling as the 10-year Treasury yield soared past 4.5%, marking its biggest weekly surge since 2021. The 30-year yield rose even more sharply, posting its largest weekly gain since 1982. The sell-off was driven by a mix of sticky inflation, trade policy uncertainty, and a volatile geopolitical landscape — all amplified by President Trump’s ongoing tariff saga.



Yet while the headlines have centered on fear, especially around rising borrowing costs and global capital flows, there’s more nuance in the story for small-cap stocks.



It’s true that small-caps are uniquely exposed to changes in financial conditions. Many of these companies carry floating-rate debt and operate on thinner margins, making them more vulnerable to interest rate shocks. As bond yields rise, funding gets more expensive — and for firms that rely on access to capital markets, that’s a real pressure point.



But it’s also true that small-caps tend to be early-cycle performers. Historically, when markets reprice aggressively like this, they often overshoot. And while volatility can punish smaller names in the short term, it also tends to present opportunity — especially for companies with solid fundamentals and nimble management teams that can adapt quickly to shifting economic conditions.



The Russell 2000, the primary small-cap index, has already fallen more than 20% from its November highs, technically entering a bear market. But that also means much of the negative sentiment may already be priced in — a potential setup for a bounce once bond markets stabilize and investor focus shifts back to fundamentals.



Additionally, while the bond market’s sharp move has understandably rattled equity investors, some of the pressure may prove temporary. If the Federal Reserve sees the spike in yields as overdone — or if inflation data continues to soften — rate cuts could be back on the table. Futures markets are still pricing in up to four cuts by year-end, which could ease financial conditions and provide meaningful support to small-cap valuations.



For long-term investors, this is a time to stay alert but not panicked. Small-cap stocks still represent some of the most innovative and growth-oriented businesses in the U.S. economy. Many are domestically focused, potentially shielding them from global trade disruptions, and offer exposure to sectors — like biotech, software, and manufacturing — that could benefit as the policy environment evolves.



The current environment is undoubtedly challenging, but small-caps have weathered worse and bounced back stronger. If volatility persists, it could open the door to selectively adding quality small-cap names at compelling valuations.

Bond Market Surge Jolts Wall Street, But Small-Caps Could Find Upside Amid the Turbulence

10 Year Treasury

Bond market

Bonds

Small Caps

Treasury Yield

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<a href="http://www.channelchek.com/company/ntrb">Research News and Market Data on NTRB</a>



<h2 class="wp-block-heading">Nutriband granted patent protecting its AVERSA abuse deterrent platform technology in Macao, a Special Administrative Region of the People’s Republic of China</h2>



April 11, 2025 07:00 ET 



ORLANDO, Fla., April 11, 2025 (GLOBE NEWSWIRE) -- Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it has received notification that its patent has been granted in Macao for its patent entitled, "Abuse and Misuse Deterrent Transdermal Systems," which protects its AVERSA™ abuse deterrent transdermal technology.



The Macao Intellectual Property Office granted patent J/9010 on February 11, 2025 as recorded in Macao Official Bulletin No. 10 on March 5, 2025. Macao is a Special Administrative Region (SAR) of the People’s Republic of China that has its own patent system and patent laws which are separate and distinct from those of mainland China.



The AVERSA™ abuse deterrent technology is now covered by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia as well as two regions of China: Hong Kong and Macao.



Nutriband’s AVERSA™ abuse-deterrent technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse while making sure that these drugs remain accessible to those patients who really need them.



Nutriband is currently working with its partner Kindeva Drug Delivery, a leading global contract development and manufacturing organization focused on drug-device combination products, to develop its lead product, AVERSA™ Fentanyl, which incorporates Nutriband’s AVERSA™ abuse-deterrent transdermal technology into Kindeva’s FDA-approved transdermal fentanyl patch system.



AVERSA Fentanyl has the potential to be the world’s first abuse-deterrent opioid patch designed to deter the abuse and misuse and reduce the risk of accidental exposure of transdermal fentanyl patches. AVERSA Fentanyl has the potential to reach peak annual US sales of $80 million to $200 million.1



____________________________________________________ 1&nbsp;Health Advances AVERSA&nbsp;Fentanyl market analysis report 2022



About AVERSA™ Abuse-Deterrent Transdermal Technology



Nutriband's AVERSA™ abuse-deterrent transdermal technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to those patients who really need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.



About Nutriband Inc.



We are primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Our lead product under development is an abuse-deterrent fentanyl patch incorporating our AVERSA™ abuse-deterrent technology. AVERSA™ technology can be incorporated into any transdermal patch to prevent the abuse, misuse, diversion, and accidental exposure of drugs with abuse potential.



The Company's website is&nbsp;<a href="https://www.globenewswire.com/Tracker?data=ZldobaqHDZwwAr6xRvj0tOkZIVJrxXEKSYl9klwNRonW_MS0uMKSWcZG0iTlexqs7KNnL3IIIlTWB1dTn_GUPYaw9bzLUNKYn-uNEsQ2lZ0=" rel="noreferrer noopener" target="_blank">www.nutriband.com</a>. Any material contained in or derived from the Company's websites or any other website is not part of this press release.



Forward-Looking Statements



Certain statements contained in this press release, including, without limitation, statements containing the words ‘'believes," "anticipates," "expects" and words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company's actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including those including the Company's ability to develop its proposed abuse-deterrent fentanyl transdermal system and other proposed products, its ability to obtain patent protection for its abuse technology, its ability to obtain the necessary financing to develop products and conduct the necessary clinical testing, its ability to obtain Federal Food and Drug Administration approval to market any product it may develop in the United States and to obtain any other regulatory approval necessary to market any product in other countries, including countries in Europe, its ability to market any product it may develop, its ability to create, sustain, manage or forecast its growth; its ability to attract and retain key personnel; changes in the Company's business strategy or development plans; competition; business disruptions; adverse publicity and international, national and local general economic and market conditions and risks generally associated with an undercapitalized developing company, as well as the risks contained under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Form S-1, Form 10-K for the year ended January 31, 2024, filed May 1, 2024, the Forms 10-Q’s filed subsequent to the Form 10-K in 2024, and the Company's other filings with the Securities and Exchange Commission. Except as required by applicable law, we undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date hereof.



Contact Information:



Nutriband Inc. Phone: 407-377-6695 Email:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=zvPECSSdmWXYfu1HN2aBRmNVfWzTkeX-MxQbTr4WkOBpiOGPPEPl-IN-ZS_bmG46gvlKNzuvgnxXIhPFtdxJp9t9CSfDUPSJSd_BMBeupqU=" rel="noreferrer noopener" target="_blank">Support@nutriband.com</a>



SOURCE:&nbsp;Nutriband Inc.

Research News and Market Data on NTRB



Nutriband granted patent protecting its AVERSA abuse deterrent platform technology in Macao, a Special Administrative Region of the People’s Republic of China



April 11, 2025 07:00 ET 



ORLANDO, Fla., April 11, 2025 (GLOBE NEWSWIRE) &#8212; Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it has received notification that its patent has been granted in Macao for its patent entitled, &#8220;Abuse and Misuse Deterrent Transdermal Systems,&#8221; which protects its AVERSA™ abuse deterrent transdermal technology.



The Macao Intellectual Property Office granted patent J/9010 on February 11, 2025 as recorded in Macao Official Bulletin No. 10 on March 5, 2025. Macao is a Special Administrative Region (SAR) of the People’s Republic of China that has its own patent system and patent laws which are separate and distinct from those of mainland China.



The AVERSA™ abuse deterrent technology is now covered by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia as well as two regions of China: Hong Kong and Macao.



Nutriband’s AVERSA™ abuse-deterrent technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse while making sure that these drugs remain accessible to those patients who really need them.



Nutriband is currently working with its partner Kindeva Drug Delivery, a leading global contract development and manufacturing organization focused on drug-device combination products, to develop its lead product, AVERSA™ Fentanyl, which incorporates Nutriband’s AVERSA™ abuse-deterrent transdermal technology into Kindeva’s FDA-approved transdermal fentanyl patch system.



AVERSA Fentanyl has the potential to be the world’s first abuse-deterrent opioid patch designed to deter the abuse and misuse and reduce the risk of accidental exposure of transdermal fentanyl patches. AVERSA Fentanyl has the potential to reach peak annual US sales of $80 million to $200 million.1



____________________________________________________1&nbsp;Health Advances AVERSA&nbsp;Fentanyl market analysis report 2022



About AVERSA™ Abuse-Deterrent Transdermal Technology



Nutriband&#8217;s AVERSA™ abuse-deterrent transdermal technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to those patients who really need them. The technology is covered by a broad intellectual property portfolio with patents granted in the United States, Europe, Japan, Korea, Russia, China, Canada, Mexico, and Australia.



About Nutriband Inc.



We are primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Our lead product under development is an abuse-deterrent fentanyl patch incorporating our AVERSA™ abuse-deterrent technology. AVERSA™ technology can be incorporated into any transdermal patch to prevent the abuse, misuse, diversion, and accidental exposure of drugs with abuse potential.



The Company&#8217;s website is&nbsp;www.nutriband.com. Any material contained in or derived from the Company&#8217;s websites or any other website is not part of this press release.



Forward-Looking Statements



Certain statements contained in this press release, including, without limitation, statements containing the words ‘&#8217;believes,&#8221; &#8220;anticipates,&#8221; &#8220;expects&#8221; and words of similar import, constitute &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company&#8217;s actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including those including the Company&#8217;s ability to develop its proposed abuse-deterrent fentanyl transdermal system and other proposed products, its ability to obtain patent protection for its abuse technology, its ability to obtain the necessary financing to develop products and conduct the necessary clinical testing, its ability to obtain Federal Food and Drug Administration approval to market any product it may develop in the United States and to obtain any other regulatory approval necessary to market any product in other countries, including countries in Europe, its ability to market any product it may develop, its ability to create, sustain, manage or forecast its growth; its ability to attract and retain key personnel; changes in the Company&#8217;s business strategy or development plans; competition; business disruptions; adverse publicity and international, national and local general economic and market conditions and risks generally associated with an undercapitalized developing company, as well as the risks contained under &#8220;Risk Factors&#8221; and &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; in the Company&#8217;s Form S-1, Form 10-K for the year ended January 31, 2024, filed May 1, 2024, the Forms 10-Q’s filed subsequent to the Form 10-K in 2024, and the Company&#8217;s other filings with the Securities and Exchange Commission. Except as required by applicable law, we undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date hereof.



Contact Information:



Nutriband Inc.Phone: 407-377-6695Email:&nbsp;Support@nutriband.com



SOURCE:&nbsp;Nutriband Inc.

Release - Nutriband Granted Patent in Macao for its AVERSA Abuse Deterrent Transdermal Technology

Biotechnology

NTRB

Nutriband Inc.

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<a href="http://www.channelchek.com/company/btbt">Research News and Market Data on BTBT</a>



NEW YORK, April 11, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”) announced today that it has secured the rights to a new data center site in Saint-Jérôme, Québec (“MTL-3”), which is under development and will support the previously announced 5MW colocation agreement with Cerebras Systems (“Cerebras”), a leader in generative AI infrastructure.



The facility spans approximately 202,000 square feet on 7.7 acres and is being developed to support current contracted capacity, with future expansion potential subject to utility approvals. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option exercisable within 12 months. The lease term is 20 years, with two 5-year extension options.



The project is being delivered through WhiteFiber, Bit Digital’s high-performance computing platform. The facility is being retrofitted to Tier 3 standards, with development costs expected to total approximately CAD $55 million (approximately $40MM USD), and a targeted go-live date of July 2025.



“This milestone represents continued momentum in our strategy to deliver purpose-built AI infrastructure at scale,” said Sam Tabar, CEO of Bit Digital. “Speed to market is a key differentiator in the AI infrastructure space, and this site reflects our ability to mobilize and deliver capacity on accelerated timelines. We’re proud to advance our partnership with Cerebras while expanding our data center footprint in the greater Montréal region, a growing hub for AI innovation.”



Cerebras has contracted for 5MW (IT load) of built-to-suit infrastructure under a five-year colocation agreement announced in February 2025. Under the terms of the agreement, Cerebras holds a right of first refusal (ROFR) for any additional megawatt capacity that becomes available at the site.



About Bit Digital



Bit Digital, Inc. is a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City. The Company’s HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland. For additional information, please contact&nbsp;<a href="mailto:ir@bit-digital.com">ir@bit-digital.com</a>&nbsp;or visit our website at&nbsp;<a href="http://www.bit-digital.com/">www.bit-digital.com</a>, or follow us on&nbsp;<a href="https://www.linkedin.com/company/bit-digital">LinkedIn</a>&nbsp;or&nbsp;<a href="https://x.com/BitDigital_BTBT">X</a>.



Investor Notice



Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: “We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in China in a certain period from now on.” Although the statute of limitations for non-compliance by our former business in the PRC is generally two years and the Company has been out of the PRC, for more than two years, the Authority may still find its prior bitcoin mining operations involved a threat to financial security. In such event, the two-year period would be extended to five years. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors. See “Safe Harbor Statement” below.



Safe Harbor Statement



This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at&nbsp;<a href="http://www.sec.gov/">http://www.sec.gov</a>. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Research News and Market Data on BTBT



NEW YORK, April 11, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”) announced today that it has secured the rights to a new data center site in Saint-Jérôme, Québec (“MTL-3”), which is under development and will support the previously announced 5MW colocation agreement with Cerebras Systems (“Cerebras”), a leader in generative AI infrastructure.



The facility spans approximately 202,000 square feet on 7.7 acres and is being developed to support current contracted capacity, with future expansion potential subject to utility approvals. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option exercisable within 12 months. The lease term is 20 years, with two 5-year extension options.



The project is being delivered through WhiteFiber, Bit Digital’s high-performance computing platform. The facility is being retrofitted to Tier 3 standards, with development costs expected to total approximately CAD $55 million (approximately $40MM USD), and a targeted go-live date of July 2025.



“This milestone represents continued momentum in our strategy to deliver purpose-built AI infrastructure at scale,” said Sam Tabar, CEO of Bit Digital. “Speed to market is a key differentiator in the AI infrastructure space, and this site reflects our ability to mobilize and deliver capacity on accelerated timelines. We’re proud to advance our partnership with Cerebras while expanding our data center footprint in the greater Montréal region, a growing hub for AI innovation.”



Cerebras has contracted for 5MW (IT load) of built-to-suit infrastructure under a five-year colocation agreement announced in February 2025. Under the terms of the agreement, Cerebras holds a right of first refusal (ROFR) for any additional megawatt capacity that becomes available at the site.



About Bit Digital



Bit Digital, Inc. is a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City. The Company’s HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland. For additional information, please contact&nbsp;ir@bit-digital.com&nbsp;or visit our website at&nbsp;www.bit-digital.com, or follow us on&nbsp;LinkedIn&nbsp;or&nbsp;X.



Investor Notice



Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: “We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in China in a certain period from now on.” Although the statute of limitations for non-compliance by our former business in the PRC is generally two years and the Company has been out of the PRC, for more than two years, the Authority may still find its prior bitcoin mining operations involved a threat to financial security. In such event, the two-year period would be extended to five years. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors. See “Safe Harbor Statement” below.



Safe Harbor Statement



This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at&nbsp;http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Release - Bit Digital, Inc. Secures Site for New Tier 3 Data Center to Support Cerebras Colocation Contract

Bit Digital Inc.

BTBT

Financial Services

HPC Infrastructure

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 Friday, April 11, 2025



Saga Communications, Inc. is a broadcast company whose business is primarily devoted to acquiring, developing and operating radio stations. Saga currently owns or operates broadcast properties in 27 markets, including 79 FM and 33 AM radio stations. Saga's strategy is to operate top billing radio stations in mid sized markets, defined as markets ranked (by market revenues) from 20 to 200. Saga's radio stations employ a myriad of programming formats, including Active Rock, Adult Album Alternative, Adult Contemporary, Country, Classic Country, Classic Hits, Classic Rock, Contemporary Hits Radio, News/Talk, Oldies and Urban Contemporary. In operating its stations, Saga concentrates on the development of strong decentralized local management, which is responsible for the day-to-day operations of the stations in their market area and is compensated based on their financial performance as well as other performance factors that are deemed to effect the long-term ability of the stations to achieve financial objectives. Saga began operations in 1986 and became a publicly traded company in December 1992. The stock trades on NASDAQ under the ticker symbol "SGA".



Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media &amp; Technology , Noble Capital Markets, Inc.



Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Attractive opportunity.&nbsp;The SGA stock is down 48% over the past year, which we believe is largely due to macroeconomic uncertainty impacting advertising revenue and a digital segment that is still early in its development. With some of the noise related to the late filing and activist shareholders quelled for the time being, the company is fully focused on its growth strategy. Given that radio stocks typically experience early cycle recoveries, we believe investors should have the SGA shares on their radar screens.



Cost-effective digital growth strategy.&nbsp;A key focus of the company is reducing costs that have no impact on revenue and continuing to emphasize the roll out of its blended digital advertising strategy. Notably, the blended strategy combines radio and digital advertising to provide a consistent message to customers on both mediums and to drive radio listeners to digital platforms. We view the company's emphasis on the unique strategy favorably.



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Friday, April 11, 2025



Saga Communications, Inc. is a broadcast company whose business is primarily devoted to acquiring, developing and operating radio stations. Saga currently owns or operates broadcast properties in 27 markets, including 79 FM and 33 AM radio stations. Saga&#8217;s strategy is to operate top billing radio stations in mid sized markets, defined as markets ranked (by market revenues) from 20 to 200. Saga&#8217;s radio stations employ a myriad of programming formats, including Active Rock, Adult Album Alternative, Adult Contemporary, Country, Classic Country, Classic Hits, Classic Rock, Contemporary Hits Radio, News/Talk, Oldies and Urban Contemporary. In operating its stations, Saga concentrates on the development of strong decentralized local management, which is responsible for the day-to-day operations of the stations in their market area and is compensated based on their financial performance as well as other performance factors that are deemed to effect the long-term ability of the stations to achieve financial objectives. Saga began operations in 1986 and became a publicly traded company in December 1992. The stock trades on NASDAQ under the ticker symbol &#8220;SGA&#8221;.



Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media &amp; Technology , Noble Capital Markets, Inc.



Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Attractive opportunity.&nbsp;The SGA stock is down 48% over the past year, which we believe is largely due to macroeconomic uncertainty impacting advertising revenue and a digital segment that is still early in its development. With some of the noise related to the late filing and activist shareholders quelled for the time being, the company is fully focused on its growth strategy. Given that radio stocks typically experience early cycle recoveries, we believe investors should have the SGA shares on their radar screens.



Cost-effective digital growth strategy.&nbsp;A key focus of the company is reducing costs that have no impact on revenue and continuing to emphasize the roll out of its blended digital advertising strategy. Notably, the blended strategy combines radio and digital advertising to provide a consistent message to customers on both mediums and to drive radio listeners to digital platforms. We view the company&#8217;s emphasis on the unique strategy favorably.



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