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Bezos' New Robot Bet, Bitcoin Miners Accelerating Acquisitions, And A New Consumer Cloud Technology Coming To The US

Bezos' New Robot Bet, Bitcoin Miners Accelerating Acquisitions, And A New Consumer Cloud Technology Coming To The US

Uncovering the world’s most exciting early stage companies. Discover what’s next.

September 03, 2024

The New Robot Startup Backed By Jeff Bezos

Jeff Bezos is making a bold new bet on robotics startup Swiss Mile. The company has developed artificial intelligence powered robots that are capable of operating autonomously and quickly learning how to perform repetitive tasks - such as security surveillance, carrying payloads, navigating urban environments and delivering items within a short distance.

Bitcoin Miners Are Accelerating Acquisitions To Expand Post Halving

Publicly listed Bitcoin mining companies have been on an acquisition spree following the most recent Bitcoin halving, with multiple Bitcoin mining companies beginning to roll up new operations to expand their capacity and find low cost power supply. Gryphon Digital Mining (NASDAQ: GRYP), Cipher Mining (NASDAQ: CIFR), Riot Blockchain (NASDAQ: RIOT), and Marathon Digital (NASDAQ: MARA) are among the companies making moves.

A New Consumer Cloud Technology Is Coming To The United States

MiMedia (TSXV: MIM) has launched the first ever integration for their cloud technology in the United States with smartphone manufacturer Schok Wireless. Their leading edge consumer cloud technology platform is able to be installed on any type of device and seamlessly integrate with telecommunications companies and device manufacturers globally, which has led to signed contracts to integrate their technology onto 35 million smartphones globally within the next 24 months.

The Sprint

Intuitive Machines (NASDAQ: LUNR) has won a new contract from NASA to deliver multiple science and technology payloads to the Moon’s South Pole.
GameSquare Holdings (NASDAQ: GAME) subsidiary FaZe Clan has expanded their partnership with popular crypto casino operator Rollbit in a new multi million dollar sponsorship deal.
Fleet Space has developed satellite technology that is capable of accelerating the ability to make new discoveries of critical minerals and metals, which has led to innovative partnerships with both mining giants and early stage exploration companies, including Talon Metals (TSX: TLO) and Barrick Gold (NYSE: GOLD).
The Canadian government announced new funding for the processing of bastnaesite, a mineral that contains rare earth elements essential for electric vehicle manufacturing.
Meta Platforms (NASDAQ: META) partnered with Houston based startup Sage Geothermal to provide low carbon power to their data centres through geothermal energy.
Soluna Holdings (NASDAQ: SLNH) has begun construction of their new data centre located in Texas that is powered entirely by excess renewable energy generated by a nearby wind farm.
The Nasdaq and the New York Stock Exchange have both announced new plans to launch Bitcoin trading derivatives such as Bitcoin futures and options.
TON, Telegram’s incubated crypto token, has risen to exceptional popularity in the world of digital assets and is now becoming adopted by the traditional public markets at a rapid pace.
Magic, a generative AI coding startup, raised $320 million in a funding round that included former Google leader Eric Schmidt and Sequoia Capital.

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