SoftBank Group's stock price fell 11% after the company recorded a $7 billion loss.
14 minutes ago
According to Bitget data, SoftBank Group’s stock price once dropped 11%. The Japanese tech investment giant earlier reported its first net loss in nearly two years, driven by a $3.7 billion write-down on its U.S. data center projects and a slump in valuations of its artificial intelligence (AI)-related assets. On Wednesday, the stock dipped to 3,465 yen on the Tokyo Stock Exchange. For the fiscal quarter ending the second quarter of the current fiscal year, SoftBank swung from profit to loss, logging a net loss of 1.12 trillion yen (about $7.1 billion). The loss stemmed from the company writing down certain advance payments originally earmarked for purchasing power equipment to support its 8 gigawatt (GW) project in Ohio and other U.S. data center projects; due to project adjustments, these advance payments are no longer recoverable.
A wallet on Hyperliquid earned nearly $5 million in referral rewards.
3 minutes ago
BitMine posts a net loss of approximately $6.313 billion for fiscal 2026, primarily weighed down by unrealized losses on digital assets.
3 minutes ago
Across's official website domain was hijacked, front-end and API services have been suspended, and the platform will fully compensate affected users.
3 minutes ago
Alliance DAO Co-founder Bullish on ZEC, Predicts It Will Hit $5,000–$20,000 by End of This Cycle.
3 minutes ago
Fed's Austan Goolsbee: Price pressures appear to be spreading, and services inflation has not eased.
3 minutes ago
Bottom-fishing whale '7 Siblings' purchased 10,792 ETH roughly 9 hours ago for about $22 million.
3 minutes ago
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