Some analysts will pin the recent downtrend on the expectation of an interest rate increase by the United States Federal Reserve on May 3, but in reality, the market is pricing 92% odds of a modest 25-basis-point increase to its highest level since September 2007.Continue Reading on Coin Telegraph More
Sotheby’s has launched an on-chain marketplace for NFTs. The platform allows purchasing secondary NFTs with Ether (ETH) or Polygon (MATIC), with artist royalties automatically paid according to their chosen rate through smart contracts.Continue Reading on Coin Telegraph More
INX securities tokens exist on the Ethereum network and follow the ERC-1404 token standard. The standard was created in 2018 to allow for compliance-friendly Ethereum tokens. These tokens can only be transferred between users that have passed identity verification with a participating institution.Continue Reading on Coin Telegraph More
Airbus has warned that the supply chain crisis gripping the global aerospace industry could last until next year as deliveries of new aircraft slowed in the first quarter.The world’s largest aircraft maker said there were still shortages in the delivery of components, equipment, semiconductors, labour and even seats but stuck to its guidance to deliver about 720 aircraft by the end of the year.It is an “overall challenging situation”, chief executive Guillaume Faury said on Wednesday. The supply chain delays, he predicted, would “last all along 2023 and potentially till the beginning of next year”.Airbus, along with US rival Boeing and other aerospace manufacturers, has been struggling to increase production to meet resurgent demand from airlines after the height of the Covid pandemic. Global air passenger traffic rose close to 70 per cent last year as countries lifted restrictions, underlining the rebound in people’s appetite to travel.At the same time, sanctions tied to the war in Ukraine have also made it harder for Airbus and others to secure important raw materials such as titanium and aluminium.Executives from aircraft leasing companies have in recent days warned that they expect disruption to deliveries to persist, although the delays are pushing up lease rates. “Production issues, supply chain issues are likely to be a reality that we will be living with through 2023, 2024,” Andy Cronin, chief executive of Dublin-based lessor Avolon, told the Financial Times last week. Airbus on Wednesday said the ongoing supply chain delays had held back jet deliveries in the first quarter. The company said it had delivered 127 aircraft in the first three months, including 106 of its best-selling A320 family of single-aisle jets, a drop of 9 per cent from the same period last year.The manufacturer also reaffirmed plans to increase its A320 output towards a monthly rate of 65 by the end of 2024. Airbus last month announced plans to open a new assembly line in Tianjin in China, to help it meet plans to produce 75 of the jets in 2026.Adjusted earnings before interest and taxes fell to €773mn, from €1.26bn in the first three months of 2022. Revenues were €11.8bn compared with €12bn.Underlying free cash flow slid to a negative €889mn in the first quarter from a positive inflow of €213mn a year earlier, which Airbus attributed to inventory build-up as it ramps up production of aircraft. But it stuck to its full-year cash flow target before mergers and acquisitions of €3bn. More
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs.Continue Reading on Coin Telegraph More
“Our high efficiency measures and low power rates have made meaningful contributions to our margins this month even as difficulty has substantially increased,” said Zach Bradford, CEO. “The result of these efforts is that while we have mined fewer bitcoin this month, the bitcoin we have mined is being driven to our bottom line. As we look to the next few months, we expect Washington to be fully energized, which will bump our hashrate as we maintain our competitive edge in these tight market conditions. We are looking forward to sharing our quarterly performance in more detail, including some exciting updates on our expansion plans in Washington and Sandersville, on our earnings call next week. We hope shareholders and other stakeholders will tune in.” “We continue to make meaningful progress toward optimizing the operational efficiency of our fleet as we work toward becoming the most efficient miner in North America,” said Taylor Monnig, CleanSpark’s vice president of mining technology. “CleanSpark’s uptime is already apparent in terms of realized hashrate, which is essentially the amount of time our mining operations are fully online. We expect to maintain that edge as the pace of deliveries for the newly released S19J Pro+ machines ramp up and are installed at our Sandersville and Washington facilities. Later this year, Sandersville will also host the bulk of the XPs, 45,000 in total, that we announced a few weeks ago, accelerating important upgrades to our fleet efficiency.” April Bitcoin Mining Update (unaudited)The Company funded growth and operations through the sale of 407 bitcoins in April 2023 at an average of approximately $29,000 per BTC. Sales of BTC equated to proceeds of approximately $11.8 million. April daily BTC mined averaged 17.47 and reached a high of 18.17. About CleanSpark CleanSpark (CLSK) is America’s Bitcoin Miner™. Since 2014, we’ve helped people achieve energy independence for their homes and businesses. In 2020, we transitioned that expertise to develop sustainable infrastructure for Bitcoin, an essential tool for financial independence and inclusion. We strive to leave the planet better than we found it by sourcing and investing in low-carbon energy, like wind, solar, nuclear, and hydro. We cultivate trust and transparency among our employees, the communities we operate in, and the people around the world who depend on Bitcoin. CleanSpark holds the 44th spot on the Financial Times’ 2022 List of the 500 Fastest Growing Companies in the Americas and ranks thirteenth on Deloitte’s Fast 500. For more information about CleanSpark, please visit our website at www.cleanspark.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for expansion of the Company’s Georgia bitcoin mining facilities, increasing our efficiency, and the resulting anticipated benefits to CleanSpark (including as to anticipated additions to CleanSpark’s hashrate and the timing thereof). We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. Forward-looking statements contained in this press release, but are not limited to statements regarding our future results of operations and financial position, industry and business trends, business strategy, expansion plans, market growth and our objectives for future operations. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the anticipated timing of the expansion; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and any subsequent filings with the SEC. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. You should read this press release with the understanding that our actual future results, performance and achievements may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. Investor Relations Contact Matt Schultz [email protected] Media Contacts Isaac Holyoak [email protected] BlocksBridge Consulting Nishant Sharma [email protected] Source: CleanSpark, Inc. More
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven (G7) finance ministers and central bank governors meeting, the Treasury Department said on Wednesday.Treasury said Yellen would work with G7 partners to strengthen the global economy, including by coordinating on efforts to encourage and align domestic investments, and address the spillover effects of Russia’s war against Ukraine.G7 finance ministers and central bankers will meet in Niigata, Japan, from May 11-13, a month after the International Monetary Fund trimmed its 2023 global growth outlook slightly and warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels.The IMF is now forecasting global real GDP growth at 2.8% for 2023 and 3.0% for 2024, marking a sharp slowdown from 3.4% growth in 2022 due to tighter monetary policy.Yellen will also reaffirm the G7’s leadership in the coalition supporting Ukraine’s resistance to Russia’s war and its role in setting up a price cap on Russian oil, Treasury said. It said the price cap was continuing to deny Russia revenue to fund the war while keeping energy markets stable.Supply chains will be a big topic throughout the trip, Treasury said. “She will work with partners to deepen resilient supply chains, including among low- and middle-income countries, and advance economic security,” it said in a statement.Yellen will hold a press conference on May 11 in Niigata, where she will also take part in other engagements and hold bilateral meetings with counterparts, Treasury said. More
LONDON (Reuters) – Cucumbers, olive oil and cheese topped Britain’s inflation chart in March, while traditional fish and chips saw the biggest price rise for diners, according to a new price comparison tool released by the country’s statistics office on Wednesday.The cost of a cucumber was up a cool 52% in the 12 months to March, at an average of 84 pence ($1.05) each, while olive oil cost 49% more. The price of ‘hard cheese’ – a category which includes Swiss cheeses emmental and gruyere – rose 44% and the more popular cheddar cost an extra 42% at 9.29 pounds a kilo.Sharp (OTC:SHCAY) rises in food prices have continued to squeeze consumers in Britain and across much of Europe, even as the average rate of inflation across goods and services as a whole has started to decline.Britain’s headline consumer price inflation rate in the year to March was 10.1%, down from a peak of 11.1% in October, but food and non-alcoholic drink prices were up an annual 19.1%, the most since 1977.Higher energy prices since Russia’s invasion of Ukraine in February 2022 have raised agricultural production costs, and poor weather in Spain and Morocco – important sources of salad crops – have also pushed up the cost of fresh produce recently.Almost half of Britons surveyed by the Office for National Statistics last month said they had cut back on food purchases.For those Britons who can afford to eat out, the biggest percentage price rise was for a portion of takeaway fish and chips, which rose by 19% over the past year to an average of 9 pounds. Prices rose at the slowest pace at Indian and Chinese restaurants, where main courses to take away were up 10%. The new price comparison tool covers more than 450 of the goods and services used to calculate monthly inflation data.The biggest price fall was for kerosene used for domestic heating, which was 23% cheaper than a year earlier.The Bank of England forecasts that the annual rate of inflation will fall to 4% by the end of this year, due to lower energy prices and the fact that the sharpest price rises will increasingly have been more than a year ago.However, the BoE is widely expected to raise interest rates for a 12th meeting in a row next week.The British Retail Consortium, which represents major supermarkets, said on Tuesday that falls in food prices were also on the horizon. Prime Minister Rishi Sunak said at the start of 2023 that halving inflation was one of his main goals for the year.($1 = 0.7989 pounds) More
