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The company plans to raise $12.5 million through an initial offering of perpetual preferred securities. The proceeds will fund an AI treasury, a Bitcoin treasury, and a U.S. dollar reserve covering approximately 18 months of preferred stock dividends. The company stated that the final offering size, dividend rate, and timing remain to be determined.
According to Crowdfund Insider, the Ethena Foundation has announced a series of adjustments to mitigate selling pressure from early investor unlocks. The foundation has completed over-the-counter buybacks of the remaining locked ENA tokens held by certain large seed round investors and agreed with major investors to terminate their remaining vesting schedules early. Starting October 5, no investor tokens will remain subject to lock-up, while team tokens will maintain their original lock-up and vesting terms.
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
“白毛股神”Serenity 发文质疑 Sivers Photonics（SIVE）发展策略，表示其目前仍将大量精力放在瑞典本土市场的沟通和私募融资上，而不是美国市场，这一策略“令人难以理解”。Serenity 认为，瑞典投资者在交流中更关注“如何止血”“为何不能披露私人客户”“为何专注于收发器”等问题，导致约三分之一的电话会议时间都在解释业务管线和措辞，而非讨论未来增长空间。
According to Bloomberg, a fund under Blue Owl Capital led a $2.4 billion debt financing to support cloud computing provider Iren’s purchase of Nvidia Blackwell Ultra GPUs for its Canadian data center campus. The financing consists of a $1.2 billion senior secured term loan and an equal amount of senior secured notes, with a structure that allows Iren to procure the equipment in phases over a set period. Pacific Investment Management Company is also one of the guarantors for the financing. Documents show the facility carries a 9% interest rate and has a tenor of two and a half years.
: Se Yong Park, co-founder of crypto trading app fomo, announced on the X platform that the company has completed its first funding round, with 140 angel investors participating. The cap table now lists over 200 angel investors.He stated that early-stage founders almost always misunderstand the dynamic between the company and its angel investors, and should instead view angel investors as call options on the product's success. Even if the cap table includes tech CEOs, celebrities, and athletes, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more and more people will naturally recommend the product to others.
Odaily News: a16z announced the closing of its new fund, Machine Age Fund, with $1.1 billion in funding, focused on investing in the hardware and infrastructure that powers AI, including chips, memory, networking, storage, as well as complete systems such as data centers, robotics, and home AI devices.a16z noted that surging AI demand and compute density are pushing existing supply chains and physical and computational architectures to their limits. Rack power is rising from 5-10kW to 100-250kW, and is expected to reach 1MW within three years, while data center scales are expanding toward hundreds of megawatts and even gigawatt-class campuses. The fund will target higher compute density, cheaper high-bandwidth memory, faster interconnects, low-power edge devices, as well as supporting cooling, power, and real estate infrastructure, to back a new generation of AI hardware startups.
Odaily News: SoftBank Group is seeking an additional $10 billion loan to refinance debt related to its investment in OpenAI and raise further capital. According to sources familiar with the matter, the two-year loan carries an interest rate approximately 275 basis points above the Secured Overnight Financing Rate (SOFR), with Mizuho Bank serving as the lead arranger and bookrunner. The sources requested anonymity as the matter has not yet been made public. (Bloomberg)
Odaily News: Owner, an AI platform for local merchants, has announced the completion of a $240 million funding round, valuing the company at $2.3 billion. The round was led by Growth Equity under Goldman Sachs Alternative Asset Management, with participation from existing investors including Meritech, Redpoint, Headline, and Jack Altman. The company uses AI agents to automate marketing promotion, customer communication, and operational optimization services for local merchants. The new funds are intended to expand international operations and broaden local business use cases. (Morningstar)
: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)
According to CoinDesk, cryptocurrency platform Bullish will provide $100 million in stablecoin debt financing to USD.AI to support loans collateralized by GPUs and other high-performance computing assets, advancing AI infrastructure development.
According to LatePost, general-purpose robotics company Sharpa has raised over 4.5 billion yuan in funding. Investors include corporate backers such as Alibaba, Meituan, Tencent, and JD.com, as well as investment firms like Sequoia China, Qiming Venture Partners, and Meituan Dragon Fund, bringing its post-money valuation to 22 billion yuan. This marks the first time Sharpa has publicly disclosed a financing round since its founding.
: Capital B has issued approximately 36.22 million share warrants (ABSA) to global institutional investors at an issue price of €0.58 per share, raising approximately €21 million, with net proceeds of approximately €19.9 million after deducting related fees. Strategic investors include early Bitcoin developer Adam Back and asset management company TOBAM, with Maxim Group acting as the sole placement agent. Capital B is a French listed company focused on Bitcoin reserves, primarily advancing a Bitcoin treasury strategy. The funds from this round are planned to be used to purchase approximately 270 additional Bitcoins, and upon completion of the transaction, its Bitcoin holdings are expected to increase to approximately 3,415 BTC.
According to Chaoxiang Research, a Morgan Stanley report dated August 25, 2026, indicates that SpaceX has announced a $100 billion Starbase project in Louisiana, planning five launch complexes totaling 10 launch pads, with construction set to begin in 2027 and the maiden flight scheduled for 2029. SpaceX has currently planned a total of 15 launch pads. Morgan Stanley believes the market has not fully appreciated the scale of Starship; even without including the new base, projected launches through 2040 would only require eight launch pads to sustain operations. Morgan Stanley maintains an Overweight rating with a $300 price target, offering 118% upside from the current $137. Louisiana has provided a substantial incentive package, selected for four key reasons: access to polar orbits, natural gas supply, political hedging, and government incentives. With a payload capacity exceeding five times that of Falcon 9 and full reusability, Morgan Stanley projects launch costs will fall to $500/kg by 2030 and drop below $200/kg by 2035. In Morgan Stanley's sum-of-the-parts valuation, the Enterprise AI segment carries a value of $165. The current stock price implies an extremely low single-digit multiple for this business line, while the orbital AI call option is priced near zero. SpaceX has completed its final Falcon 9 Starlink launch from Florida, with all future Starlink missions transferring entirely to Starship. Each launch's downlink capacity is Falcon
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) is attempting to revive the Initial Coin Offering (ICO), a cryptocurrency market fundraising model that was once highly popular. However, while some venture capitalists see this as a key opportunity to reset the market, attracting back investors who have long since exited may prove to be a more formidable challenge than regulation itself.
According to Yonhap, SK Telecom announced it will spin off the data center and submarine cable businesses of its subsidiary SK Broadband to establish a specialized AI data center (AIDC) company named "SK Horizon," raising a total of 3.08 trillion Korean won from global private equity firm KKR and a domestic IMM consortium. Following the transaction, SK Telecom will hold a 51% stake in SK Horizon, while KKR and the IMM consortium will hold 29% and 20%, respectively. In response, Mirae Asset Securities has raised its target price for SK Telecom from 120,000 Korean won to 150,000 Korean won, maintaining a "Buy" rating.
According to Reuters, Anthropic had planned to acquire AI chip startup MatX for $7 billion, but ultimately abandoned the deal. MatX is currently seeking approximately $4 billion in new funding. Anthropic is now in talks with several chip startups, planning to accelerate hardware development for its AI model Claude through self-developed custom chips to reduce reliance on Nvidia chips.
According to an official announcement from BitGo, the company has reached a definitive agreement with NYDIG to acquire its institutional trading business, adding capabilities in execution, derivatives, structured products, and financing to complement its existing federally regulated custody, settlement, and wallet infrastructure. NYDIG's institutional trading business serves institutional clients including asset management firms, hedge funds, corporations, and family offices.
IREN reported Q4 fiscal 2026 revenue of $137.2 million, roughly in line with expectations; adjusted EBITDA was $19.2 million, approximately 53% lower than expected. AI cloud services revenue increased quarter-over-quarter from $33.6 million to $70.5 million, while Bitcoin mining revenue declined from $111.2 million to $66.7 million. The company currently operates approximately $1 billion in ARR, with FY2026 capacity nearly sold out, corresponding to a contractual ARR of about $4 billion, and has signed a new multi-year contract with a frontier AI lab. Recent three-year contracts generate over $20 million per IT MW in revenue, with some negotiated prices reaching approximately $25 million. IREN plans to increase cumulative IT capacity from roughly 0.3GW in FY2026 to around 0.8GW in FY2027; existing cash, committed GPU financing, and customer prepayments total approximately $14 billion.
Odaily News: BitGo has announced the acquisition of NYDIG’s institutional trading business and related assets, incorporating derivatives, structured products, financing, and capital markets capabilities into its institutional platform. Approximately 30 NYDIG employees will join BitGo, and NYDIG’s institutional trading client relationships will also transfer to BitGo as part of the deal. BitGo will integrate the related business with its custody, trading, settlement, and wallet infrastructure. NYDIG will focus its resources on power generation, Bitcoin mining, and high-performance computing data center operations. NYDIG stated that its hash rate infrastructure development pipeline currently exceeds 3 gigawatts, with over 1 gigawatt expected to be ready for delivery in 2027 and 2028.