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Air Force Awards Millions For Quantum Chips, The Coal Producer Mining Bitcoin, And European Drone Defense

Air Force Awards Millions For Quantum Chips, The Coal Producer Mining Bitcoin, And European Drone Defense

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April 29, 2025

Rigetti Awarded Millions From Air Force For Quantum Computing Chips

Rigetti Computing (NASDAQ: RGTI) was awarded a new $5.48 million grant from the United States Air Force Office of Scientific Research for accelerating the development of their ABBA chip fabricating technology. The chips could be a potential major technical breakthrough for scaling the performance of large quantum computers, in large part due to their ability to reduce two level system defects that can dramatically hinder qubit performance.

A Publicly Traded Coal Producer Is Quietly Mining Bitcoin

Alliance Resource Partners (NASDAQ: ARLP) announced they are currently holding $45 million of Bitcoin directly as an asset, which the company mined with surplus electricity from their coal production operations. The company currently operates more than 3,500 of their own Bitcoin mining rigs.

Europe Is The Next Frontier For Ondas' Drone Technology

Ondas Holdings (NASDAQ: ONDS) landed a new $3.4 million contract from a European defense contractor for their Iron Drone Raider autonomous counter drone system, marking the first time they have deployed their platform for countering hostile drone attacks in Europe.

The Sprint

The Metals Company (NASDAQ: TMC) officially submitted two applications for seabed mineral exploration licenses and an application for a commercial recovery permit under the Deep Seabed Hard Minerals Act.
Pony AI (NASDAQ: PONY) and Tencent formed a new partnership focused on expanding the access of autonomous vehicles in China.
Namib Minerals, owner of the historic How gold mine in Zimbabwe, and Hennessy Capital Investment Corp VI (NASDAQ: HCVI) received approval from the United States SEC for their business combination.
Hims & Hers Health (NYSE: HIMS) formed a new partnership with Novo Nordisk (NYSE: NVO) to expand accessibility to weight loss drugs and provide clinical support to individuals seeking to lose weight.
Z Squared, aDogecoin mining company, entered into a merger agreement with Coeptis Therapeutics (NASDAQ: COEP) to become a publicly traded company.
Slate Auto emerged from stealth mode and announced a $111 million Series A financing round led by Amazon founder Jeff Bezos.
World Liberty Financial and the government of Pakistan signed a memorandum of understanding to form a new partnership focused on accelerating digital asset adoption in the country.

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