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Valour Secures $11 Million Institutional Investment to Acquire Hedera-Related ETP
According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately USD 11 million in institutional investment to purchase its Hedera (HBAR)-related ETP products—around USD 10 million for the product listed on the Frankfurt Stock Exchange and approximately USD 1 million for Valour Hedera SEK, listed on Sweden’s Spotlight Exchange. DeFi Technologies stated that both transactions were facilitated by its Abu Dhabi workshop, reflecting growing institutional demand for regulated, exchange-traded products providing exposure to Hedera and supporting the growth of its assets under management in the German market.
SpaceX Announces Right to Acquire AI Programming Startup Cursor for $60 Billion
Odaily News SpaceX announced on platform X that it has reached a cooperation intent with AI programming startup Cursor. The latter has granted SpaceX the right to acquire it later this year for a price of $60 billion, or to pay $10 billion to advance their collaboration. Cursor is a rapidly growing artificial intelligence startup focused on developing code-writing software.
OpenAI Plans to Invest Over $20 Billion in Cerebras Servers and Acquire Equity Over Three Years
Odaily News OpenAI plans to invest over $20 billion in purchasing servers powered by Cerebras chips over the next three years and will acquire equity in the company as part of the deal. (Cointelegraph)
Soluna Invests $16.5 Million to Acquire Dorothy 1A Project, Accelerating AI Computing Transformation
According to Businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for compute-intensive applications such as Bitcoin mining and artificial intelligence, announced the acquisition of Spring Lane Capital’s equity stake in the AI computing campus project “Project Dorothy 1A” (D1A) for $16.5 million, thereby achieving 100% ownership of the project. Earlier this month, the company acquired the Briscoe Wind Farm for $53 million and is expected to accelerate its transformation into an integrated computing hub centered on AI computing.