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Pyxis Tankers chairman and CEO on market outlook and growth strategies

Pyxis Tankers Inc

Pyxis Tankers Inc (NASDAQ:PXS) chairman and CEO Valentios (Eddie) Valentis, talked with Proactive about the recent Posidonia shipping event and its impact on the shipping industry. Valentis shared his insights on the optimistic outlook for shipping sectors despite global headwinds. He highlighted that industry players are leveraging substantial cash balances to pay down debt, renew fleets, and make significant shareholder distributions. Valentis noted the strong chartering environment for product tankers, influenced by tighter inventories and changing trade patterns due to geopolitical conflicts. Discussing market conditions, Valentis provided an update on product tankers and dry bulk sectors. He mentioned the positive near-term outlook supported by refinery additions and OPEC+ supply cuts. Additionally, Valentis shared Pyxis Tankers' recent performance, including Q1 2024 financial results, fleet expansion, and new acquisitions. He also outlined the company's shareholder value enhancement initiatives, such as share buyback programs and reducing convertible preferred shares. Valentis said the favourable prospects for both sectors and its existing capital resources allow Pyxis to actively pursue value-enhancing investment opportunities. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

June 11, 2024 11:40 AM Eastern Daylight Time

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Busting the Myths Around Weight Loss Medication

YourUpdateTV

Obesity is one of the most common chronic health issues in the U.S. today, and can lead to or exacerbate many other significant physical and mental health challenges, including type 2 diabetes, heart disease and depression. But GLP-1 injections are an impactful new tool that can help people on their weight loss journey. Recently, Dr. Craig Primack, the Senior Vice President of Weight Loss at Hims and Hers, participated in a nationwide satellite media tour to discuss the impact of obesity, common myths surrounding weight loss medications, and personalized options that can help. A video accompanying this announcement is available at: https://youtu.be/NGNz92bi7nY Research shows that even just 5-10% of body weight loss can improve blood pressure, blood sugar, cholesterol, joint pain, sleep apnea, and other weight-related conditions. Weight loss drugs like GLP-1 medication are not only an exciting tool in the weight loss tool belt but can help to address the challenges associated with obesity. GLP-1 injections can support healthy weight loss along with a reduced calorie diet and increased exercise. Some common myths regarding weight loss medications, include: ● Many people assume that weight loss medications are magic. Weight loss drugs can be excellent tools for decreasing hunger and therefore reducing overall calorie intake, but their effects are not instant and should be combined with a healthy lifestyle approach, including a balanced diet and regular exercise. ● People also assume that the injections are painful. The injection is a very small needle that goes just under the skin. It feels like a small pinch, and is quite painless. For the most part, people do great with self-administering GLP-1 injections. ● Lastly, many people think that weight loss drugs come with dangerous side effects. Like all medications, there is a risk of side effects, but there are really only three common side effects associated with GLP-1’s, and they are generally mild: nausea, heartburn, and constipation. The benefits of these drugs far outweigh the risks for many, especially when compared to the health risks associated with being overweight. Hims & Hers’ personalized approach means custom treatment for individual needs to minimize these side effects. Known for its holistic, personalized approach to health and wellness, Hims & Hers is now offering access to GLP-1 injections designed for affordability and effectiveness. These are the four things you should know. ● Hims & Hers’ weight loss program is tailored to an individual’s needs and includes customized medication kits or GLP-1 medication, as determined appropriate by the healthcare provider. ● The science-backed and doctor-developed program is available 100% online for as little as $199 a month. ● Through the app, a licensed healthcare provider will work with you to decide the recommended treatment, plus provide realistic nutritional tips with easy to follow snack and meal ideas. ● Hims & Hers takes the safety of each customer very seriously. The pharmacies the brand works with provide sterile, single-use syringes with each GLP-1 shipment, and products are made with active ingredients from FDA regulated suppliers. And, injection medications are shipped in cold packs for temperature control in transit in the summer weather. For more information, visit hims.com/glp1 or forhers.com/glp1 About Dr. Craig Primack MD, FACP, FAAP, MFOMA Dr. Craig Primack is the Senior Vice President of Weight Loss at Hims & Hers. He completed his undergraduate studies at the University of Illinois and subsequently attended medical school at Loyola University — The Stritch School of Medicine. He completed a combined residency in Internal Medicine and in Pediatrics at Banner University- Phoenix, and Phoenix Children's Hospital. He received post-residency training in Obesity Medicine and is one of about 7,000 physicians in the U.S. certified by the American Board of Obesity Medicine. In 2006, Dr. Primack co-founded Scottdale Weight Loss Center in Scottsdale, Arizona, where he began practicing full-time obesity medicine. Scottsdale Weight Loss Center has grown since then to six obesity medicine clinicians in four locations around the greater Phoenix Metropolitan area.From 2019–2021, he served as president of the Obesity Medicine Association (OMA), a society of over 5,400 clinicians dedicated to clinical obesity medicine. He proudly served on the OMA board from 2010-2024, most recently as ex-officio trustee. Dr. Primack routinely does media interviews regarding weight loss and regularly speaks around the country educating medical professionals about weight loss and obesity care. He is co-author of the book, “Chasing Diets.” Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 11, 2024 11:37 AM Eastern Daylight Time

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SHARE Series Live at NYSE

SHARE Series

SHARE Series is hosting an event at the New York Stock Exchange on Friday, June 14th. The event will feature presentations from high growth small-cap companies Vera Bradley (NASDAQ: VRA), A.K.A. Brands (NYSE: AKA), Brilliant Earth (NASDAQ: BRLT), and Blade (NASDAQ: BLDE), as well as private companies 6666 and Equitea. All presentations will be webcast live on the SHARE platform. Interested viewers can register and attend for free at the Share Series website. Archived replays will be available on the SHARE Series website following the events. About SHARE Series SHARE offers management teams a unique opportunity to tell their investment story to their growing retail shareholder base through their platform and expanded distribution network. SHARE is the only event that reaches 100% of the investment community, with a focus on investors who manage <$100M and do not file 13f ownership reports. This group includes family wealth offices, small hedge funds, regional investment advisors, and high net worth individuals, in addition to individual investors. Contact Details Dan Aldridge +1 404-740-0638 dan@shareconferenceseries.com Company Website https://share-series.open-exchange.net

June 11, 2024 10:43 AM Eastern Daylight Time

Tonix Pharmaceuticals Nears Market Entry with Tonmya for Fibromyalgia Management

Tonix Pharmaceuticals

Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to announce the completion of the initial phase of an assessment conducted by EVERSANA® Life Science Services, LLC on the U.S. market opportunity for Tonmya. Tonmya represents a potential groundbreaking first-line therapy for fibromyalgia management, positioning itself as a non-opioid, centrally-acting alternative in a market dominated by opioids. Lederman highlighted the concerning dominance of opioids in the fibromyalgia prescription market, despite well-documented risks of dependency. Tonmya aims to address this gap by offering a safer, non-addictive option for fibromyalgia patients. EVERSANA's primary market research indicates promising interest from physicians, with a median interest rating of 4.0 on a 5-point scale and an intended use of Tonmya in 40% of fibromyalgia patients upon approval. The analysis also noted that approximately 50% of fibromyalgia patients in the U.S. are on Medicare. The Inflation Reduction Act, effective in 2025, will cap out-of-pocket prescription drug costs for Medicare patients, which could improve access to Tonmya if approved. With the submission of the New Drug Application (NDA) for Tonmya slated for the second half of the year, Tonix Pharmaceuticals anticipates an FDA decision on approval by 2025. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

June 11, 2024 10:26 AM Eastern Daylight Time

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TRON DAO Announces HackaTRON Season 6 Qualifiers

TRON DAO

Geneva, Switzerland, June 11, 2024 – With HackaTRON Season 6 coming to a close, the TRON DAO team, alongside HTX DAO, BitTorrent Chain (BTTC), and JustLend DAO hosted a series of innovations that has taken the blockchain landscape by storm. This season, participants redefined the digital landscape across multiple tracks. Web3, DeFi, Artistry, Builder, and Integration tracks produced unique projects that helped push the needle forward in the blockchain space. HackaTRON Season 6 attracted over 1,100 participants, each developing their own distinct project on TRON’s interface. The prize pool featured up to $650,000*, including $500,000 in TRX, TRON network’s native utility token, and $150,000 in energy, which can be used to subsidize transactions and smart contract interactions on the TRON network. Alongside hundreds of new participants, Season 6 boasted a lineup of prestigious sponsors. The sponsors consisted of ChainGPT, Solidus AI Tech, and Ankr as the diamond sponsors, with Kima Finance as the platinum sponsor, GT-Protocol as the gold sponsor, and Router Protocol as the silver sponsor. We’d like to thank our sponsors for sustaining a safe and productive environment for TRONics to grow. This HackaTRON inspired productive competition and led to the selection of winners by both judges and the community, as listed below. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here: https://trons6.devpost.com/rules Judge-Selected Winners The top contenders in each judge-evaluated category will be awarded as follows: the champion will receive $25,000; the runner-up, $15,000; the third-place finisher, $10,000; and those in fourth and fifth places will take home $8,000 and $6,000, respectively. Web3 Track: The Web3 category aims to honor teams that usher along the transition of Web 2.0 to Web 3.0 by introducing next-gen DAO tools, SocialFi, blockchain/web infrastructure, SDKs, and other Dapps. The winners of the Web3 track are as follows: BlinkAI by Blink Transatron by Transatron Toqen Factory by Decentra CIROTRX by Brutus Finance SaveWallet by TronSave DeFi Track: Showcasing projects that transform finance through decentralization, empowering individuals with transparent, accessible, and inclusive protocols for asset management. The winners of the DeFi track are as follows: HandShake by HandShakers GuessThePrice by GuessThePrice ChickenSwap/Bot by Coconut Chicken Staqe Protocol by Decentra TronEnergize by TronEnergize Artistry Track: Where entertainment meets blockchain technology. The artistry track spotlights creative prowess in visual projects that embrace GameFi, NFTs, assets, and ventures related to the Metaverse. The winners of the Artistry track are as follows: Unclaimed: Fall of Mankind by Unclaimed TOBA by TOBA Projects STAR-EX by Theras-Labs Decentralised Character AI by PixelCrafter Tronquility by Arcane Oracle Builder Track: Acknowledging teams who have previously participated in TRON hackathons and have a working project that they would like to improve upon and update with new features. The winners of the Builder track are as follows: Block Fabric by BlockFabric Solide by Solide Project USTX BOND by USTX Monetizado by Monetizado Pravahini by Pravahini Integration Track: The Integration track, previously coined as the A.I. track, prompts participants to integrate advanced protocols into the TRON ecosystem, urging them to incorporate existing protocols, Dapps, or services on TRON/BTTC into their applications. Participants create impactful features/tools for enhancing applications within the TRON/BTTC ecosystems. The winners of the Integration track are as follows: JustMoney Explorer by JustMoney CodeHive by HiveTeam AnkerPay Tron by AnkerPay File-Wallet by AmphibianDev BttTipBot by onchaindev Community Forum Selected Winners For the winners chosen by the vibrant TRON community forum, the prize distribution is equally exciting: the first-place victor will secure $7,000; the second-place winner will be granted $6,000; the third-place will receive $5,000; and the fourth and fifth-place winners will be rewarded with $4,000 and $3,000, respectively. Web3 Track: SaveWallet by TronSave ClaimFreeTRX by Stian uDawgBot by uDawgDAO CIROTRX by Brutus Finance Promptron by 0xmad DeFi Track: TronEnergize by TronEnergize GuessThePrice by GuessThePrice ChickenSwap/Bot by Coconut Chicken HandShake by HandShakers Nobles by Nobles Artistry Track: Unclaimed: Fall of Mankind by Unclaimed Decentralised Character AI by PixelCrafter STAR-EX by Theras-Labs Strongcoin by Strongteam Cricket Clash by Cricket Clash Builder Track: JustMoney Swap by JustMoney Pravahini by Pravahini World Craft by World Craft’ers OnChainVision by onchaindev AwpSwap by AwpSwap Integration Track: JustMoney Explorer by JustMoney BttTipBot by onchaindev IntegraTRON by Decon File-Wallet by AmphibianDev CodeHive by HiveTeam Spotlight on Community Champions At the heart of HackaTRON's success lies the commendable efforts of the 'Top 10 Community Contributors', a testament to the power of active participation. These individuals are acknowledged for their unwavering commitment, each meriting a reward of $500: Andreaxino Chukseucharia Fabsltsa Gordian HODL Ines_valerie Manfred_jr Nweke-nature1 Prince-Onscolo Youngyuppie Key Dates to Remember Upon being recognized in the top five of their respective tracks, the community-selected qualifiers will have 100% of their prize amount distributed while judge-selected qualifiers will initially have 30% of their prize amounts allocated. Upon their respective projects launching on the TRON mainnet, the other 70% will be rewarded. The deadline to complete this requirement is June 28th. As HackaTRON Season 6 wraps up, the excitement for Season 7 is already building. Stay tuned for more updates on the HackaTRON competition and other initiatives within the TRON ecosystem. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2024, it has over 233.71 million total user accounts on the blockchain, more than 7.75 billion total transactions, and over $21.82 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

June 11, 2024 09:55 AM Eastern Daylight Time

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NOVUS INK Advisors and Solidus Capital Group Team-up to Serve Growing Transatlantic Commercial Interests of Mid-Market Enterprises

NOVUS INK Advisors

NOVUS INK Advisors and Solidus Capital Group signed a services agreement today to provide integrated senior advisory and execution services to small-and mid-market enterprises amid thriving commercial interests between the United States and Europe. The two firms aim to accelerate client services by combining expertise and resources to support growth into new markets, encompassing management counsel, valuation, performance tracking, board advisory, marketing, communication, public and government affairs. The collaboration will enable NOVUS INK Advisors and Solidus Capital Group to meet the unique needs of global small-and mid-market enterprise clients operating across business-to-consumer, business-to-business, and business-to-government segments. The transatlantic economy is proving remarkably robust in the face of global economic and geopolitical disruptions. No two other regions in the world are as deeply integrated as the United States and Europe, according to the 2024 Transatlantic Economy Report from the U.S. Chamber of Commerce, AmCham EU, Johns Hopkins SAIS and the Transatlantic Leadership Network. The report states: "the $8.7 trillion transatlantic economy employs more than 16 million workers in mutually onshored jobs on both sides of the Atlantic. It is the largest and wealthiest market in the world, accounting for half of total global personal consumption and close to one-third of world GDP in purchasing power. Ties are solid in foreign direct investment, portfolio investment, banking claims, trade and affiliate sales in goods and services, digital links, energy, mutual R&D investment, patent cooperation, technology flows, and sales of knowledge-intensive services." The services agreement will be overseen by a committee chaired by Pia De Lima and Daniel Diaz, NOVUS INK Advisors' Managing Partners, and Andreas Dal Santo, Solidus Capital Group's Managing Director. NOVUS INK Advisors is based in Miami. Solidus Capital Group, affiliated with Atlantic Business Labs, is based in New York. NOVUS INK Advisors is a communication, public and government affairs lobbying firm. NOVUS INK Advisors' practice areas include Corporate, Band and Product Reputation, Business Strategy, Crisis and Reputation Risk, Financial Services, Investor Relations, Mergers & Acquisitions, Brand and Product Marketing Communications Strategy, and Public and Government Affairs. NOVUS INK Advisors is a registered lobbying firm. To learn more, visit: www.NovusInk.com. Solidus Capital Group specializes in management consulting, business valuation, and board advisory services for firms expanding into North America, Latin America, and Europe. It is spearheading an ecosystem of companies, consultants, and subject matter experts with experience from different industries and regions to support corporate and institutional clients' global strategies and growth into new markets. To learn more, visit www.solidus-capital.com. CONTACTS: NOVUS INK Advisors: client.services@NovusInk.com Solidus Capital Group: client.services@Solidus-Capital.com Contact Details NOVUS INK Advisors Client Services client.services@NovusInk.com Company Website https://www.novusink.com/about

June 11, 2024 09:30 AM Eastern Daylight Time

How IZEA Worldwide (NASDAQ: IZEA) Is Leading The World Into The Creator Economy Era

Benzinga

By James Blacker, Benzinga As the influence of social media platforms has grown and technological advancements have lowered barriers to content creation, individuals have been leveraging their talent to connect directly with audiences and make money on their own terms – ushering in the age of the creator economy. According to Goldman Sachs Research, some 50 million global creators – from gamers to musicians, artists, podcasters and vloggers – make up the creator economy. This figure is expected to grow at a compound annual growth rate of 10-20% between 2023-2028, growing to $480 billion from $250 billion in 2023, and driven by monetization of short-form video platforms via advertising. The rise of the creator economy has had an immense impact on marketing strategies across sectors and industries. Brands are spending more and more on creators and less on traditional advertising. Tech firms such as IZEA Worldwide (NASDAQ: IZEA), Aspire IQ and Upfluence offer tools to support creators and help bridge the gap with their clients, increasing profitability while helping brands garner eyeballs. IZEA: The Creator Economy Trailblazer MarTech firm and industry pioneer IZEA have been instrumental in shaping the creator economy, having created the first ever influencer marketing platform back in 2006. Even before then, founder and CEO Ted Murphy was one of the first to use the influence of bloggers and social media stars to promote brands. IZEA’s award-winning influencer marketing platform, IZEA Flex, connects creators with brands to facilitate collaborations. Its suite of tools allows companies to find influencers, manage campaigns and analyze performance. How IZEA Has Helped Creators Over The Years What sets IZEA apart is its commitment to making opportunities available to all creators, both big and small. Its marketplace allows influencers of all sizes to connect with brands, ensuring that even niche creators can find lucrative partnerships. Among IZEA’s software offerings is FormAI, a suite of AI tools for both brands and creators to create high-quality images, text and video. Within FormAI, both brands and creators can use ChatGPT, Stable Diffusion and other AI tools to generate content for Instagram posts, TikTok captions, blog posts and more. In a recent interview with Benzinga, Murphy said that more and more brands are starting to invest in user-generated content. Capitalizing on this trend, in Dec. 2023, IZEA acquired advocate marketing platform Zuberance, which allows companies to recruit their own customers as ambassador content creators to grow brand awareness organically. Award-Winning Tech And Campaigns IZEA’s innovations have earned it numerous accolades, including the Best Influencer Marketing Company at the 2023 MarTech Breakthrough Awards. The company’s full-service influencer marketing campaigns have also earned industry recognition, with awards for its campaigns carried out with Warner Bros (NASDAQ: WBD), the US Marines, Acer, Toyota (NYSE: TM), among many others. For investors, the creator economy represents a dynamic and evolving sector with continuing growth potential. IZEA’s innovative platform and proven track record potentially make it a company to watch in this new era of digital creativity. Featured photo by Adem AY on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 11, 2024 08:45 AM Eastern Daylight Time

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BELLAMI Launches “The Ponytail” in Collaboration with Celebrity Stylist Andrew Fitzsimons

BELLAMI

BELLAMI, the #1 hair extensions brand, globally, announces the launch of ‘The Ponytail’ in collaboration with celebrity hairstylist and long-time brand fan, Andrew Fitzsimons. With BELLAMI’s deep-rooted expertise in innovating high quality, luxury hair extensions and Fitzsimons’ aptitude for styling Hollywood’s elite including Jennifer Lopez, Kim and Khloe Kardashian, Megan Fox and more, the duo has perfected this season’s biggest hair accessory: high-fashion, statement ponytails. “I’ve been using BELLAMI hair extensions on my clients for years, and I’ve always been impressed by their superior quality. It is unmatched,” says Fitzsimons. “That’s why collaborating with BELLAMI to develop ‘The Ponytail’ was a natural choice; it can elevate any style within minutes, and it’s not just for celebrities - it’s accessible to everyone.” BELLAMI and Fitzsimons’ new ready-to-wear ponytail collection is made of 100% Remy human hair, ensuring long-lasting durability. The high-quality hair works well with styling products and hot tools to achieve a variety of looks ranging from a sleek and polished wet ponytail to a voluminous teased updo and beyond. “The Ponytail” is designed to flawlessly blend with your natural hair while adding length and density. Each ponytail features an inside comb that easily secures the ponytail for maximum comfort without drooping. Whether for a special occasion or weekend getaway, ‘The Ponytail’ is the perfect accessory to enhance your look in under five minutes. “From social media to the streets, red carpet looks to the latest fashion trends, ponytails are everywhere, and extensions can make this look effortless and sophisticated,” says Laure Murciano, BELLAMI VP of Marketing. “Like BELLAMI, Andrew is committed to providing consumers with superior tools to help them achieve professional looks, like those he creates for his celebrity clientele. With our expertise and craftsmanship and Andrew’s creativity and styling aptitude, we have brought the ponytail trend to the forefront with these fun and easy-to-use ponytail extensions that are both accessible and high-impact.” The collection boasts 23 highly dimensional shades for seamless color matching for all hair colors, in 20” and 24” lengths to deliver an everyday snatched look or red carpet glam. The 24” incorporates additional features for added protection and wearability. “The Ponytail” is available on BELLAMIhair.com in 20” / 100g ($195) and 24” / 120g ($295). BELLAMI is available on Rakuten & Skimlinks via merchant ID: #50794. ABOUT BELLAMI Founded in 2012, BELLAMI is a global leader in high-end, luxurious, ethically sourced, and sustainably produced full-cuticle 100% Human Remy hair enhancement solutions for consumers and salon professionals. As the largest hair extensions brand in the world, collaborating with certified hair stylists, BELLAMI offers a full range of clip-in extensions and the four pro hair extension methods - sew-in wefts, tape-ins, keratin tips, i-tips. With complete control over their ethical sourcing, manufacturing & quality processes, BELLAMI ensures that every item is a conscious choice for sustainable, high-performing products. BELLAMIâs hair enhancement solutions and hair care are available via its e-commerce platform and company-owned stores, the BELLAMI Beauty Bars. BELLAMI is headquartered in Los Angeles, California. ABOUT BEAUTY INDUSTRY GROUP Established in 2004, Beauty Industry Group is an industry leader for professionally installed and DIY hair extensions and related beauty products. Beauty Industry Group's professional products are sold in more than 1,200 stores throughout North America and its collective brands service more than 30,000 salons across over 165 countries. Beauty Industry Group has offices in 6 countries and is headquartered in Salt Lake City, UT. ABOUT ANDREW FITZSIMONS Andrew Fitzsimons is an Irish-born, LA-based celebrity hairstylist and brand owner with more than two decades of experience in the beauty industry. His award-winning namesake haircare collection, Andrew Fitzsimons Hair, quickly achieved cult status with celebrities and influencers. As one of the most in-demand hair professionals in the world, Fitzsimons continues to maintain a client roster that includes Kim Kardashian, Khloe Kardashian, Jennifer Lopez, Megan Fox, Hailee Steinfeld, Madonna and many more. The first season of his podcast, Unapologetic with Andrew Fitzsimons and Erica Cody, is available now on Spotify, Apple Podcasts and Google Podcasts. Follow Andrew on Instagram at @andrewfitzsimons or on TikTok at @iamandrewfitzsimons. Contact Details Linsey Tilbor Rubin +1 732-991-5294 ltilbor@rellmc.com Company Website https://www.bellamihair.com/

June 11, 2024 08:33 AM Eastern Daylight Time

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Benchmark And Needham Initiate Coverage On Bitdeer Technologies (NASDAQ: BTDR) And Apply 'Buy' Recommendations

Benzinga

By Austin DeNoce, Benzinga As the Bitcoin mining industry weathers the recent Bitcoin halving, interest in key players like Bitdeer Technologies Group (NASDAQ: BTDR) is intensifying. This period, marked by a halving of the rewards for mining Bitcoin, historically triggers volatility and reevaluation within the sector. Amidst this backdrop, a number of prestigious investment banks – Roth/MKM, B. Riley Securities and BTIG – initiated coverage on Bitdeer with bullish Buy ratings, signaling a strong vote of confidence in the firm's potential. Most recently, Benchmark and Needham joined this chorus of optimism, further spotlighting Bitdeer as a standout investment in the competitive Bitcoin and high-performance computing (HPC) sectors. Benchmark's Bullish Outlook On Bitdeer Benchmark's initiation of coverage on Bitdeer comes with a Buy rating and a $13 price target, representing a more than 80% gain from the current price of just over $7. This lofty outlook suggests a significant undervaluation of the company’s growth prospects. Analyst Mark Palmer points to Bitdeer's scalable infrastructure, notably low all-in mining costs and a diverse range of revenue streams, as critical components of its attractiveness. These revenue streams include self-mining and hashrate sharing, a recent foray into AI and HPC solutions and advanced mining rig manufacturing. Bitdeer's strategic shift toward self-mining, in particular, positions it to capitalize on Bitcoin's price fluctuations more directly, with plans to double power capacity to substantially increase its hashrate. However, Bitdeer's endeavors in the AI and HPC sectors also signal its ambition to capture share in new markets, reinforcing its potential for growth in the coming years. Needham Bullish Outlook On Bitdeer Following Benchmark's lead, Needham likewise initiated coverage on Bitdeer with a Buy rating, forecasting more than 140% upside potential with a target price of $13.94. This bullish perspective is underpinned by projected annual revenue growth of 3.51% to $381 million and anticipated bearings per share of $0.44. Needham’s positive stance is also bolstered by Bitdeer’s strong institutional backing, evidenced by a 14.89% increase in fund holdings despite a slight overall dip in institutional shares. Noteworthy stakeholders include Nomura Holdings (NYSE: NMR) and Van Eck Associates, which have significantly increased their holdings, demonstrating growing investor confidence in Bitdeer’s strategic direction and market positioning. The Importance Of Mining Efficiency Post-Halving While the recent Bitcoin halving generally focused investors on price predictions, it has very serious implications for miners, who now see their block rewards cut in half. This harsh reality underscores the importance of mining efficiency, an area where Bitdeer seems notably well-positioned. As highlighted by Benchmark, Bitdeer has one of the industry's lowest "all-in mining costs,” benefiting from an average power cost of around $0.04 per kilowatt hour. This will allow Bitdeer to remain competitive and profitable even as the halving reduces miner rewards. This efficiency, coupled with aggressive expansion plans and technological advancements like its new SEAL01 4-nanometer mining chip, which boasts superior power efficiency, will be major factors in Bitdeer's resilience and growth potential, especially as other less-efficient miners fall by the wayside post-halving. A Bright Future For Bitdeer? The landscape for Bitcoin miners remains fraught with uncertainty and a firm focus set on operational efficiency in a post-halving world. In that context, Bitdeer appears to be a compelling player within the industry, buoyed by a confluence of strategic advantages from cost efficiency and technological innovation to a diversified and expanding business model. The increasing optimism from leading investment banks, punctuated by Benchmark’s and Needham's coverage, paints a picture of a company poised not just to navigate the challenges of the Bitcoin mining industry but to thrive and expand its influence in the years to come. Bitdeer's positioning suggests it is well positioned among its peers, and clearly, more of the investment community is taking notice. Featured photo by Kanchanara on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 11, 2024 08:30 AM Eastern Daylight Time

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