Experts discuss pros and cons of artificial intelligence in casinos and a new UNLV research hub will consider whether new guardrails are needed as AI is implemented.
Land and power agreement supports up to 600 MW transmission-level data center in TexasLAS VEGAS, Feb. 4, 2026 /PRNewswire/ -- CleanSpark, Inc. (NASDAQ:CLSK) ("CleanSpark" or the "Company"), today released its unaudited Bitcoin mining and operations update for the month ended January 31, 2026. "In January we continued to aggressively scale our power and land portfolio, grew our AI data center team with additional key talent, and supported local grids across the Southeast at our Bitcoin mining locations," said Matt Schultz, Chief Executive Officer and Chairman of CleanSpark. "We're progressing discussions with data center tenants in parallel with our efforts to secure the right power and sites that support relentless demand across AI and high-performance computing. By expanding in the right markets, we're positioning CleanSpark to grow responsibly and develop a best in class offering designed to scale with our partners and their needs."Expands Texas Footprint with Land and Power AgreementCleanSpark recently announced its definitive agreement to acquire up to 447 acres in Brazoria County, Texas, along with a long-term transmission facilities extension agreement. This positions the Company to develop a large-scale data center powered at the transmission level, supporting an initial 300 MW demand load with potential expansion of an additional 300 MW, for a total capacity of up to 600 MW. The closing is expected in Q1 2026, subject to customary conditions, including utility and property-related approvals.The agreement marks the second Texas county in CleanSpark's portfolio. The Company previously acquired 271 acres and 285 MW in Austin County to support a next-generation data center campus.Announces Q1 FY2026 Earnings CallCleanSpark will discuss its fiscal first quarter 2026 financial results via a live webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, February 5, 2026.To view the webcast, please click Full story available on Benzinga.com
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Expresses Disappointment with the Board's Failure to Address the Company's Value Destructive Capital Spending and Longstanding UnderperformanceReiterates the Need for Improved Capital Allocation and Enhanced Board OversightAnnounces Intention to Support Shareholder-Driven Change at the 2026 Annual MeetingNEW YORK, Feb. 4, 2026 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $85 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter and presentation to the Board of Directors of CoStar Group, Inc. (NASDAQ:CSGP) ("CoStar" or the "Company") expressing continued disappointment with the Board's refusal to address the Company's reckless spending of shareholder capital and significant and longstanding underperformance. Investment funds managed or advised by D. E. Shaw & Co., L.P. are shareholders of CoStar and currently hold a significant economic position in the Company.The full text of the open letter to the Board follows:Board of DirectorsCoStar Group, Inc.1201 Wilson BoulevardArlington, VA 22209Re: Urgent Need for Change to Restore Shareholder Value at CoStar GroupDear Members of the Board:Over the last year, we have repeatedly expressed to you our belief that change is urgently needed at CoStar to arrest the Company's prolonged stock price underperformance, increase profitability, and position the Company for durable value creation. We were initially hopeful that the appointment of new independent directors and the formation of the Capital Allocation Committee in April 2025 would usher in a new era of more active management oversight, improved capital discipline, and a renewed focus on shareholder value.Unfortunately, we have been gravely disappointed.Under the leadership of CEO Andy Florance, CoStar has continued to dedicate disproportionate attention and resources to its unprofitable Homes.com business. This continued investment, despite repeated failures to meet projections, has eroded the Company's once-enviable margins and driven a significant decline in CoStar's stock price, despite positive momentum in the core businesses. As a consequence, today every shareholder who has purchased CoStar's stock in the last five years has lost money.CoStar's Track Record of Shareholder Value DestructionCoStar's total shareholder returns have underperformed those of the Company's self-selected proxy peers, information services peers, ISS-selected peers, and the broader market indices over the last two, three, four, five, six, seven, eight, nine, and ten years and, importantly, since both the acquisition and relaunch of Homes.com.Moreover, CoStar shareholders have endured five consecutive years of absolute stock price declines—resulting in a cumulative loss of 32%, compared to a 101% gain for the S&P 500. This is not a track record of which any board or leadership team should be proud. Yet, the Company has marshaled a defense of its performance by citing rolling five-year total shareholder returns dating back to last century. Sadly, CoStar's purported "track record of stockholder value creation" is, at best, an artifact of history, if not a convenient fiction.Notwithstanding CoStar's significant and prolonged underperformance, our private interactions with the Company and its public commentary suggest there is little willingness among the Board and executive leadership to consider alternative approaches to strategy and capital allocation. To the contrary, the Company's recent full-throated defense of its objectively poor shareholder returns demonstrates that this Board and leadership team are incapable of accepting constructive investor feedback and are adamantly opposed to reform.Value Destruction Stems From Misguided Homes.com StrategyThe root cause of the long-standing underperformance in the Company's shares stems directly from the Board's decision to repeatedly greenlight the use of the steady, predictable, and growing earnings of the core business to build and subsidize the Company's high-risk, money-losing Homes.com business. By the end of this year, CoStar will have spent more than $3 billion on Homes.com and diverted the majority of core business earnings over the last four years to fund this venture.Despite this significant and, for CoStar, unprecedented level of investment, Homes.com has generated just $80 million in annual revenue and over $2 billion of cumulative losses, a far cry from the $700 million to $1 billion in revenue and substantial profits that CoStar had projected its investment would generate by 2027, and far less than what is required to generate an acceptable return on investment within a reasonable time frame.Moreover, the Company's decision to divert resources, including its salesforce and management attention, from the core business to Homes.com directly contributed to the slowdown in sales growth CoStar experienced during 2024 and 2025. Notwithstanding the Company's recent efforts to reallocate its salesforce back to the ...Full story available on Benzinga.com
Ford (F) stock outlook: pressured revenue/margins and lower 2025 free cash flow guidance keep a Hold rating. Learn why hybrids help and watch $10.50.
PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, will announce its fourth quarter 2025 financial results on February 25, 2026, before the stock market opens. In conjunction with this announcement, Dine Brands will also host a conference call at 11:00 a.m. (Eastern Time) that morning to discuss the Company’s financial results and business outlook. A live webcast of the ca
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SAN MATEO, Calif. and COLUMBIA, S.C., Feb. 04, 2026 (GLOBE NEWSWIRE) -- SIOS Technology Corp., a leading provider of high-availability (HA) and disaster recovery (DR) software solutions, today announced that Masahiro Arai, Chief Operating Officer, has been named to the 2025 South Carolina 500 list of Most Influential Business Leaders by SC Biz News.
In BriefIntroduction of Bonded AXS (bAXS): Axie Infinity unveils bAXS to function alongside AXS as the primary token in gameplay, facilitating a healthier economic flow within the ecosystem.New Land Gameplay System - Terrariums: Replacing the Homeland with Terrariums, focusing on active participation in earning rewards and enhancing land utility.Two Strategic Airdrops: Aimed at rewarding committed players, the initial airdrop's snapshot will occur on February 5, with subsequent distribution and a planned second airdrop to further incentivize long-term engagement.bAXS: A New Core Token for LunaciaAxie Infinity is introducing a significant update with the launch of Bonded AXS (bAXS), a new token set to redefine the economic structure within its universe. bAXS is designed to coexist with AXS, which will now serve as the reserve currency. The introduction of bAXS is part of a broader strategy to make the token economics within Axie Infinity more sustainable by encouraging reinvestment and spending within the ecosystem. Over time, bAXS will become the primary token for various in-game functionalities such as ascending Axies, breeding, forging, staking, and participation in future Axie experiences.Terrariums: The Next Evolution of Axie LandIn a move to realign with its original vision, Axie Infinity is transitioning from Homeland to a new system called Terrariums. These are envisioned as dynamic environments where Axies can thrive through activities like mini-games, expeditions, guild-based systems, and collection of various items. Terrariums are designed to be a crucial method for players to earn bAXS actively, aligning land ownership with active ecosystem participation. This system is targeted for an MVP release in Q2 2026, coordinated with the activation of land-based bAXS emissions.bAXS Airdrop 1: Snapshot ApproachingThe first airdrop of bAXS is aimed at rewarding the ecosystem’s most active users and is scheduled with a snapshot on February 5. The eligibility criteria include having at least 10 AXS staked, with the total pool for this airdrop being 100,000 bAXS. Factors such as Axie Score and the total AXS staked will influence the distribution, which is set to occur at the launch of bAXS. bAXS Airdrop 2: Expanding DistributionAxie Infinity plans a second airdrop to further expand the reach of bAXS and incentivize deeper involvement within the ecosystem. Specifics are still forthcoming, but the framework focuses on factors like Axie Score and the total staking weight, including bAXS previously staked. This structure is intended to reward players who partake in the first airdrop and continue to stake their bAXS, enhancing their eligibility for the second airdrop.A Strategic Reset Toward Axie’s RootsThe introduction of bAXS, the transformation into Terrariums, and the strategic airdrops are not merely additions to Axie Infinity's features. They represent a fundamental realignment towards the original visions of the game, focusing on a participatory-driven economy and robust community engagement. By differentiating reserve value from reward circulation and redefining land utility, Axie Infinity aims to create a more unified and resilient ecosystem where long-term, active players are the cornerstone of growth and reward distribution.
ConnectM’s CER signs definitive agreement with Alpex Solar to develop and deploy distributed rooftop solar and solar irrigation pump projects across India.
Firm global trends, a weak US dollar, which revived investor interest in precious metals after last week's steep sell-off, contributed to the surge, traders said.
US stocks experienced a downturn on Wednesday heavily influenced by notable losses in technology companies such as Advanced Micro Devices and Palantir Investor apprehension about inflated valuations and the potential peak of Wall Streets AI surge contributed to the markets decline