News linked to this event type.
Galaxy Digital released its Q3 2026 financial results, reporting a net profit of $323 million, marking a turnaround from an $85 million loss in the previous quarter. Adjusted EBITDA reached $455 million, while total assets grew sequentially by 51% to $16.4 billion. Cash, stablecoins, and U.S. Treasuries totaled $4.9 billion, nearly doubling quarter-over-quarter. In its digital asset business, trading volume increased sequentially by 12%, outperforming the broader spot market. The combined scale of asset management and staking grew sequentially by 46% to $10.4 billion, alongside a multi-year partnership with BNY Mellon to provide staking support for its digital asset custody platform. The data center business saw adjusted EBITDA rise nearly fivefold sequentially to $69 million, primarily driven by the first full operating quarter following the delivery of 133 MW of compute capacity for Phase I of Helios to CoreWeave. Phase II has broken ground with fully funded financing. The company completed a $3.5 billion issuance of senior secured bonds for this purpose, and its overall power pipeline has expanded to over 5.7 GW, with server room deliveries expected to begin in Q2 2027. Regarding capital operations, the $200 million share repurchase program launched in February was completed on October 15, with approximately 9.8 million shares cumulatively repurchased. On October 26, the Board of Directors approved a new $200 million repurchase authorization.
According to TechCrunch, NVIDIA participated in the $14 million Series B financing round for Indian startup Simplismart, which was led by Dallas Venture Capital with participation from Accel, Shastra VC, and Micromax. The transaction values the four-year-old company at approximately $100 million, including the new investment. Simplismart states that its software sits between AI models and compute infrastructure, automatically adjusting model deployment and management to optimize response time, request throughput, and compute utilization, enabling customers to better leverage their existing GPU resources. The company noted that its software helped AI video generation platform InVideo reduce GPU service costs by 56%. Simplismart CEO Amritanshu Jain told TechCrunch that the company’s annualized revenue run rate grew 14 times over the past six months to reach an eight-figure amount. This figure is based on recent customer usage rather than contractual recurring revenue, and excludes revenue passed through to infrastructure providers. Although the company serves more customers in India, the United States accounts for more than half of its total revenue.
According to Yonhap News Agency, NAVER announced on October 27 that it has signed a computing infrastructure contract worth approximately $9 billion (around 12 trillion Korean won) with global asset manager Brookfield, satisfying the prerequisites for NVIDIA's strategic investment. The process for NVIDIA to subscribe to $1 billion (approximately 1.3 trillion won) in new shares through a third-party placement is expected to be completed in the near term, upon which it will become NAVER's third-largest shareholder. This contract is part of the $10 billion global AI factory project announced by the three parties in July. Under their agreed division of labor, NAVER will oversee operations, NVIDIA will provide technical collaboration for next-generation high-performance computing platforms such as the DSX, and Brookfield will handle infrastructure financing. As a result, NAVER will not need to directly bear the substantial capital expenditures associated with data center construction and GPU procurement, allowing it to focus on AI infrastructure operations and customer acquisition.
US construction robotics startup Bedrock Robotics announced the completion of a $600 million Series C funding round, bringing its post-money valuation to $4.1 billion, a significant increase from the $1.75 billion valuation at its financing in February this year, as cumulative funding approaches $1 billion. The round was co-led by CapitalG and Emergence Capital, with participation from Valor Equity Partners, 8VC, NVIDIA's venture capital arm NVentures, Eclipse, Georgian, Perry Creek Capital, Temasek, and others.
Hyperbolic, an AI chip trading marketplace and software startup, has announced the completion of a $30 million A-1 round of financing led by Walden Catalyst, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital. Hyperbolic's total financing to date has reached $50 million. (Business Insider)
According to Yonhap News Agency, Rick Reed, Global Fixed Income Chief Investment Officer at BlackRock, the world's largest asset manager, stated that the recent scale of debt financing for AI infrastructure expansion is unprecedented, with related bonds offering greater appeal than US long-term Treasuries. In an interview with Bloomberg TV on Oct. 27, Reed noted that the magnitude of financing in bond and equity markets is unprecedented, describing the current environment as the most attractive investment period he has experienced. He highlighted a focus on high-quality bonds issued to finance GPUs, data centers, and other AI infrastructure, adding that the massive scale of new corporate issuance has made interest rate conditions superior to past years. He pointed out that while the US 10-year Treasury yield has exceeded 5%, it has been sidelined by other market instruments, with Treasuries increasingly viewed merely as a "market barometer" for equities. Investors can secure yields of roughly 7% by purchasing short-duration, single-A bonds, effectively avoiding the duration risk associated with long-dated Treasuries. He also expressed a preference for secured bonds issued by creditworthy corporates or cash-flow-generating assets, while maintaining that valuations in the semiconductor and computing sectors remain reasonably priced. Hyperscale data center operators are currently issuing the largest volume of corporate debt in history, raising hundreds of billions of dollars and absorbing capital that would otherwise flow into government bonds, thereby becoming one of the primary drivers pushing up US Treasury yields. Globally, AI-related high-quality financing has already surpassed $300 billion this year, roughly triple the total for all of last year.
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
Frank, founder of DeGods and a well-known trader, posted on X that although Anthropic's latest S-1 prospectus shows strong revenue growth, this should not be taken as evidence that the headwinds facing AI investment have disappeared.Frank pointed out that Q2 2026 coincided with a peak period of enterprises massively purchasing and consuming AI tokens, and it was not until July that the market began to pay attention to AI spending management. At the same time, AI models are becoming increasingly homogenized, with differences between model outputs growing ever smaller, which could intensify competition and compress industry profit margins—a trend that had not yet fully manifested in the second quarter.In addition, he believes there is still a lack of clear evidence proving that AI can create more profits for most enterprises. Anthropic's large enterprise customers are likewise under pressure to improve their own profit margins and may proactively cut Claude-related spending in the future.Frank also said that major tech companies and AI labs have signed capital expenditure commitments extending through 2034, and these expectations may already be priced into stock valuations. Whether companies reduce costs by improving the efficiency of existing chips or raise additional capital expenditure funds by issuing more shares, both could put pressure on related stock valuations in the future.Frank concluded by emphasizing that he is bullish on AI over the long term and may participate heavily in Anthropic's IPO, but he believes the industry's ultimate winner has yet to be determined, and the real AI investment opportunity may not emerge until the current market cycle comes to an end.
Bernstein estimates that the expansion of ground-based compute capacity will initially lift the revenue curve, while orbital data centers will determine the long-term valuation cap. The report maintains an Outperform rating, raises the price target from $248 to $268, and provides a 2027 adjusted EPS forecast of $1.44. Two key validation points are whether ground-based compute can be brought online on schedule and whether the price per watt can hold at $26.
According to Bloomberg, the valuation of Anthropic shares held by Commonwealth Bank of Australia (CBA), Australia's largest lender, has increased approximately tenfold over a year. CBA participated in Anthropic's Series E financing round in March 2025, with the value of its stake rising from AU$153 million at the end of June 2025 to AU$1.53 billion at the end of June 2026. This valuation is calculated based on the post-financing valuation following a funding round completed by Anthropic in May 2026, a round in which CBA did not participate.
According to Reuters, US AI hardware startup Unconventional AI has announced it will acquire Israeli AI chipmaker NeuReality in a cash-and-stock deal, with the transaction value yet to be disclosed. Unconventional AI closed a $475 million funding round last December, valuing the company at $4.5 billion. The company is dedicated to developing bio-inspired, high-efficiency AI chips and uses AI tools to accelerate its R&D progress. It has already completed its first test chip and is nearing completion on a second one.
According to Bloomberg, the Dutch crypto industry body has warned that investors may sell off crypto assets if cryptocurrencies are excluded from the proposed new capital gains tax regime. Under the current proposal by Dutch regulators, financial assets such as stocks, bonds, and options are set to switch to a capital gains tax levied upon sale starting in 2028, while cryptocurrencies, gold, and foreign exchange may still be required to pay annual taxes on unrealized gains until at least 2030.
According to a Blackstone Group announcement, Bank of America, Blackstone Group, Citigroup, and Morgan Stanley have jointly announced a $63 billion financing transaction aimed at supporting Anthropic's deployment of AI compute infrastructure. The transaction will be executed through a newly established special purpose vehicle (SPV), which will purchase Broadcom’s XPU AI accelerators and network solutions and lease them to Anthropic for use. The financing will be divided into senior debt and subordinated debt portions, with Bank of America, Citigroup, and Morgan Stanley arranging the senior debt financing, while Blackstone Group will exclusively provide the committed subordinated debt financing. Broadcom will provide residual value support for the portion equivalent to the senior debt financing amount.
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.
Mochatrade has announced a cumulative total of $5.56 million in funding, with the seed round led by CoinFund and participation from Coinbase Ventures and others; its $690,000 pre-seed round received support from Y Combinator and Pioneer Fund. The platform targets traders in India, supports INR deposits via UPI, and allows users to go long or short with leverage on the stock prices of U.S. equities such as Nvidia, Tesla, and Apple without holding the actual shares or opening a U.S. securities account. The platform is currently in beta testing, with more than 20,000 people on its waitlist, and is expected to launch publicly in the coming weeks. The funding will be used for trading technology development and user growth, and the platform plans to launch U.S. stock options, more tradable assets, and social trading features in the future. There are currently no plans to issue a token.
Jinshi Data compiles key headlines from yesterday and this morning, covering the central bank's bond market swap facility, Anthropic's application for a U.S. IPO, Meta's major funding round, plummeting Brazilian small-cap stocks, and developments in the Middle East.
According to EU-Startups, wealth management AI platform Nevis announced on October 26, 2026, the completion of a €62 million (approximately $70 million) Series B funding round led by EQT Ventures, with Charles Schwab and QuantumLight participating as new strategic investors. Existing investors including Sequoia Capital, ICONIQ, and Ribbit Capital also provided additional funding. Founded in 2024 and headquartered in London and New York, Nevis has reached a cumulative funding total of €98 million (approximately $110 million) following this round. The company stated that assets under management for its clients exceed €625 billion (approximately $700 billion), and its AI agents have completed over 100,000 operational tasks.
According to an SEC Form 8-K filing, Nasdaq-listed company Empery Digital (EMPD) has resumed its stock repurchase program. For the week ended October 23, the company repurchased 122,955 shares of common stock under its $200 million repurchase program at an average price of $2.89 per share, including fees and commissions, bringing cumulative repurchases to 26,363,499 shares. Following the repurchase, adjusted for the potential exercise of 1,653,686 prepaid forward warrants, the company’s outstanding shares stood at 29,694,955, leaving approximately $50 million remaining under the program. As of October 23, the company held 1,018 bitcoin, approximately $70 million in cash, and approximately $35 million in debt.
According to U.S. SEC filings, Strive, Inc. filed a Form 424B5 prospectus supplement on October 26, announcing sales agreements with Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley, Maxim Group, and H.C. Wainwright to issue up to $1 billion in aggregate of 15.00% Series A Perpetual SATS Preferred Stock through an at-the-market (ATM) offering. Agent commissions are capped at 2.0% of gross proceeds. The SATS Preferred Stock trades on the Nasdaq Global Market, closing at $94.88 per share on October 23, below the $100 initial liquidation preference. Of the 7 million shares currently outstanding, the newly offered shares will carry identical terms. Based on a $100 par value, the preferred stock carries an annual cumulative dividend rate of 15%. Upon the closing of its IPO on October 20, the company established a dividend reserve by depositing $22.50 per share into an account to cover dividend payments for the first 18 months. Additionally, if the public float falls below 25% of the total shares issued in the initial offering and subsequent additions, or in the event of a "tax event," the company retains the right to redeem all shares. In the event of a "fundamental change," holders have the right to require the company to redeem at par plus accrued
According to EU-Startups, the Italian venture capital fund Z_One Fund, managed by Eureka! Venture, has announced the completion of its first close, raising over €35 million toward a total target of €60 million. Investors include Fondo Acceleratori 2, a newly established fund under CDP Venture Capital (which made the fund's inaugural investment); Milan-listed company Zest; Lazio Innova (participating via a parallel fund); Fondazione Compagnia di San Paolo; and multiple private investors. The fund will primarily invest in pre-seed and seed-stage startups, with a key focus on AI applications, urban tech, and smart cities. Initial checks will be up to €250,000, with optional follow-on investments of up to €1 million.