28, Sep 2026
Artmarket.com: H1 2026 Financial Report–One-of-a-Kind AI Systems Intuitive Artmarket® and Blind Spot Will Drive the Next Phase of Growth for “AI-First” Artprice in 2026-2030
PARIS, Sept. 28, 2026 /PRNewswire/ — Artmarket.com announces that its 120 pages financial report for the six months ended June 30, 2026, has been made available to the public and filed with the French Financial Markets Authority (Autorité des marchés financiers, or AMF).
The H1 2026 financial report is available on the following websites:
- Artprice.com: www.artprice.com
- Actusnews: www.actusnews.com/fr/
“The launch of Artprice News generated exceptional results in terms of coverage, indexing, and search engine optimization (SEO), particularly in Google AI Overview, which, depending on the country, is becoming the primary way Google users search for information through vertical queries corresponding to new customers (75% to 85%; source: Google).
“This success was supported by an extensive global campaign to attract new readers and customers seeking real-time art market news and event calendars. As a global news agency, Artprice News is now picked up throughout the art press, whose average publication frequency is, at best, weekly.
“At the same time, a major editorial effort produced more than 3,500 multilingual news reports, incorporated by the editorial team with exclusive data from the Econometrics Department. This substantial effort generated exceptional search engine responses and triggered Google Alerts on a massive scale.”
As of June 30, 2026, shareholders’ equity stood at €30.826 million. Artprice owns the world’s largest physical collection of auction catalogs and manuscripts dating from 1700 to the present, most recently appraised at €42 million in January 2025. With this Library of Alexandria and its Intuitive Artmarket© AI system, Artprice will be able to increase the volume of its globally unique data by a factor of up to 25 to 30 between 2026 and 2030, without increasing its expenses, which consist primarily of personnel costs, while generating exponential organic revenue growth.
Artprice by Artmarket’s exceptionally sound management now enables it to lower its break-even point to a remarkable level. Over the years, Artmarket has implemented all the industrial processes needed to keep its average workforce at 49 employees. With Artprice Images® and Intuitive Artmarket®, the group’s total expenses remain virtually unchanged from their 2025 level up to revenue of €90 million, notably through the deployment of its proprietary AI, without any bond financing.
The company has never undertaken a capital increase, with the sole exception of previous exercises of stock options reserved for its employees. This reflects the stated commitment of Artmarket.com’s Board of Directors and its Founder, Chairman and CEO, thierry Ehrmann, to avoid diluting shareholders’ holdings or weakening the share price.
Groupe Serveur, the founding shareholder, remains by far the largest shareholder, holding 30.16% of the share capital and 45.78% of the voting rights, excluding the Ehrmann family’s holdings. No shares have been sold since 2015, a period of 10 years. This reflects its Founder and Chairman thierry Ehrmann’s absolute confidence in and commitment to Artmarket.com stock.
As announced in Artmarket’s second-quarter 2026 press release, published on August 13, 2026, under the headline “Artmarket.com: Q2 2026 Growth, From Artprice’s Gradual Transition to Its ‘AI-FIRST’ Transformation,” thierry Ehrmann, Artmarket.com’s Founder, Chairman and CEO, and his family have complete confidence in the future of Artprice by Artmarket.com, the world leader in art market information, and in the growth of its business. This confidence is supported in particular by the substantial investments in the development of Artprice by Artmarket.com’s proprietary vertical AI systems, “Intuitive Art Market ©” and Blind Spot ©.
The Ehrmann family and Groupe Serveur, the principal shareholder, are demonstrating their confidence in the expansion of Artprice by Artmarket’s business by increasing their holdings in Artmarket.com through purchases of additional Artmarket.com shares. Naturally, all required disclosures are filed with the AMF and published online within the statutory deadlines, and share purchases are made during permitted trading windows.
These current and future transactions are intended solely to reaffirm the Ehrmann family’s and Groupe Serveur’s confidence in the future of Artprice by Artmarket.com and to provide their full support to Artmarket.com. They are not intended to result in a public takeover offer or public buyout offer (OPA/OPR), contrary to the interpretation that continues to circulate on certain forums. The suggestion that the Ehrmann family is failing to make certain share purchase or ownership threshold disclosures is also incorrect.
The ONDE extranet (Outil de notification et de déclaration électronique, or Electronic Notification and Disclosure Tool) is the AMF’s secure platform for filing disclosures, including directors’ and executives’ transactions, ownership threshold crossings, and other notifications. It accepts current and future filings. The disclosures referred to are as follows:
First disclosure—No. 2026DD1133787 (published on August 17, 2026);
Second disclosure—No. 2026DD1134265 (published on August 20, 2026);
Third, supplementary disclosure—No. 2026DD1134267 (published on August 20, 2026).
In line with this commitment to increasing her stake in Artmarket.com, Ms. Nadège EHRMANN, a member of Artmarket.com’s Board of Directors, sought to acquire additional Artmarket.com shares. As the aggregate value of her various purchases of Artmarket.com shares exceeded the regulatory threshold, she made the required disclosures to the issuer and the AMF in accordance with Article 19 of the Market Abuse Regulation (MAR).
Share purchases also normally follow movements in the share price. For the Ehrmann family, these movements in no way alter its determination to increase its stake in Artprice by Artmarket.com.
Artprice by Artmarket has received the government’s “Innovative Company” designation on several occasions from BPI (Banque publique d’investissement, France’s public investment bank). In this capacity, Artmarket devotes 80% of its resources each year to R&D and to creating value through its new databases. Its Founder, Chairman and CEO, thierry Ehrmann, remains by far the largest shareholder through Groupe Serveur—a fundamental criterion according to Warren Buffett and many European investment funds.
Data centers incorporating AI have generally become an extremely sensitive and critical issue because of their high energy consumption. Artprice by Artmarket, for its part, has developed a range of hardware and software processes, together with a clean-room architecture, that deliver genuine energy efficiency. At equivalent computing power, its energy consumption decreases by 18% each year (see Artmarket.com’s Corporate Social Responsibility Report). This is the philosophy of its principal shareholder, Groupe Serveur, an Internet pioneer since 1987, which has consistently pursued this approach for 39 years.
Since its inception in 1997, Artprice by Artmarket has anticipated the art market’s digital transformation. This transformation is now the only way forward for the art market’s influential players: auction houses, galleries, experts, museums, fairs, exhibitions, and others. There will be no turning back. Leading auction houses, including Sotheby’s, Christie’s, and Bonhams, state that in 2027 they will reach their end-of-2030 targets for the shift to online operations.
The shift to online auctions and the substantial increase in time spent at home mean that Internet users need reliable, independent data, such as that provided by Artprice by Artmarket, to participate securely in auctions as sellers or buyers and to stay informed about the art market. All market studies and reports now estimate that there are more than 180 million online art buyers across every continent.
In the first half of 2026, Artprice by Artmarket recorded the highest number of lots sold in the history of auctions worldwide (see the Artprice 2026 Art Market Report).
It should also be noted that every year Artprice adds more than 1.2 million data records to its databases, themselves enriched through 112 referential integrity fields. These include current-year records and additional historical data, incorporating more than 3 million very-high-resolution photographs through Artprice Images. These enhancements are not fully reflected in the company’s recorded assets.
The following background information is intended to address recurring questions from the markets and Artprice by Artmarket’s shareholders.
Artprice’s Board of Directors, its Founder and Chairman, and all its employees are committing all their resources to AI. According to its Chairman: “It is worth clarifying that the rapid evolution of AI engines has led Artprice to reassess its position regarding Perplexity on amicable terms.
“Several major players now stand out: OpenAI with ChatGPT 6; Google, with the DeepMind ecosystem, Gemini Ultra, and Project Astra; as well as Grok, DeepSeek, Perplexity, Mistral, Qwen, Copilot, and Meta. These alternatives are proving much more relevant to Artprice customers’ expectations. In addition, Perplexity’s original innovation has become a feature that users expect from its competitors.
“Perplexity had an immediately understandable value proposition: query the web in natural language and receive an answer supported by sources. ChatGPT integrated its own search capability in October 2024; Google developed AI Mode and then strengthened the connection between its synthesized answers and conversational search (Overview). This convergence is the primary factor. When a feature that once defined a company becomes commonplace, each improvement that company makes generates less media attention.
“Perplexity now has to explain why users should choose it, whereas previously it only needed to explain what it enabled them to do. The battle for distribution has become as important as the battle for quality. This was a major missed opportunity, which Artprice experienced against a backdrop of a significant lack of communication between the two companies: a route to a much wider audience was closed off. The rift with content creators and the media presents the most damaging paradox for Perplexity’s media image, arising from its relationship with the information ecosystem. Perplexity built its value by indexing and synthesizing other people’s work.
“However, the AI market is characterized by considerable volatility: models and versions evolve practically every two weeks. This makes subscription pricing extremely complex when AI providers’ commercial terms are constantly changing. Regular increases in licensing costs and instability in the price of tokens—the units of computation and billing in AI—make it difficult to plan with confidence.
“Artprice requires a stable environment in its relationships with technology partners. Passing monthly price increases on to our subscribers is out of the question. Nevertheless, the company continues to monitor the evolution and future stabilization of these technologies very closely.”
For Artprice by Artmarket, AI will be a revolution “more significant than the smartphone and the Internet,” echoing the statements of all the executives who clearly place artificial intelligence at the center of their priorities through an “AI-First” approach, as do all the leaders of GAFAM—Google, Apple, Facebook, Amazon, and Microsoft.
According to Larry Ellison, CEO of Oracle, the world leader in database software, with a market capitalization of €414.98 billion, major database publishers with proprietary vertical AI—including Artprice—will dominate the S&P 500 in 2030.
For fiscal 2026/2027, Artprice by Artmarket is seeking the “Innovative Company” designation from BPI for the third consecutive time, supported by the highly sophisticated development of a new proprietary AI system integrated into Intuitive Artmarket® with Blind Spot®.
This segment of the AI economy rests on five pillars of computing history: big data, deep learning, data mining, proprietary algorithms, and, of course, a core business built on selling rigorously vetted information, with standardized data throughout every process. The information produced by Artprice by Artmarket plays a crucial role. Artprice by Artmarket holds full intellectual property ownership of all five pillars, with established copyright and related rights covering all its algorithms, databases, big data, machine learning, and neural networks.
Artprice owns the world’s largest physical collection of auction catalogs and manuscripts dating from 1700 to the present, . With this Library of Alexandria and its Intuitive Artmarket® AI system, Artprice will be able, over the 2025–2030 horizon, to increase the volume of its globally unique data by a factor of 25 to 30 without increasing its expenses, which consist primarily of personnel costs, while generating exponential organic revenue growth.
As a reminder, Artprice’s late-2024 study ranked it as the “top-of-mind” art market database, and all AI search engines, including Google, Gemini, and OpenAI, unequivocally confirm Artprice as the global reference for art market databases.
An in-depth unaided brand awareness study was prepared in advance to measure Artprice’s presence in academic, scientific, and institutional circles with great precision.
In addition to unaided awareness, Artprice assessed the depth of brand knowledge by asking participants at the International Committee of the History of Art congress for more information about their familiarity with the brand. The question was: “Which art market databases do you know?” Of the 378 people surveyed, 325, or 86%, named Artprice first, making it the “top-of-mind” art market database.
For 29 years, Artprice by Artmarket has held a uniquely dominant position in the global art information market, supported by an exceptional technology infrastructure that processes 55 megabytes of data per second per employee—more than 25 times the European averages, according to a Mazars audit.
This outstanding technical performance is the foundation of Artprice’s ability to integrate and capitalize on the most advanced artificial intelligence technologies.
Artprice’s databases, with more than 918,000 artists listed and over 30 million auction results covering three centuries of art history since 1700, represent the world’s most comprehensive body of art-related information. This wealth of information, enriched by 212 million images and managed through partnerships with 7,200 auction houses worldwide, creates a unique data ecosystem. Combined with real-time research capabilities for artists and artworks, it generates unprecedented synergies.
This physical Library of Alexandria, annotated and analyzed by Artprice’s historians and experts, comprises 212 million images of artworks, including a core collection of 21 million images tokenized by art historians. These images represent the gold standard for deep learning.
Artprice maintains active technology monitoring by systematically subscribing to all AI engines, with maximum usage capacity on practically every AI platform available in the market, ensuring continuous strategic monitoring of developments in artificial intelligence.
This comprehensive evaluation approach, led by thierry Ehrmann, Artprice’s founder and an AI specialist since 1987, with the support of his IT teams, enables Artprice to maintain deep expertise in assessing the performance, accuracy, and reliability of AI platforms.
Analysis of the market for AI in art shows exceptional growth, from a value of $212 million in 2022 to a projected $5.8 billion by 2032, representing annual growth of 40.5%. This market expansion, combined with Artprice’s position as the global leader, creates a favorable economic environment for developing premium subscription offerings.
The Sophisticated Profile of Artprice’s Customers
Artprice’s customers stand out for their exceptionally high level of expertise and their ongoing demand for deeper knowledge. They include fine art experts, auction house directors, private and institutional collectors, art historians, cultural institutions, international museum curators, researchers, and academics specializing in the art market. Together, they represent the intellectual elite of the global art sector. Their advanced academic training and practical experience make them ideally positioned to benefit from AI’s advanced capabilities, provided they receive support in mastering the appropriate tools and methodologies.
The Art Market’s Specific Challenges and AI’s Contribution
The art market has unique characteristics that make artificial intelligence particularly valuable to industry professionals. The complexity of the information to be processed—including artwork histories, market trends, auction data, critical analyses, artists’ biographical information, and socioeconomic contexts—requires research and analytical capabilities beyond traditional human capacity.
Recent developments in the market, marked by the emergence of new collectors (44% new buyers in 2025, according to gallery reports), the rise of AI-generated art, and the transformation of sales methods through growing digital integration, are creating new information needs that only a hybrid approach combining human expertise and artificial intelligence can effectively address.
Integrating this documentary heritage with the capabilities of the two proprietary vertical AI systems will create unprecedented synergies for historical and predictive analysis of the art market. This combination will reveal hidden patterns in the evolution of artistic tastes, valuations, and cultural trends over more than three centuries.
This democratization is part of a broader shift toward a more accessible art market, illustrated by 17% sales growth among dealers with revenue below $250,000 and by the increase in auction sales of artworks priced below $5,000.
This summer, the 1,800-page “world-book,” as Gemini/Google describes it, “Dialogue Between a Thinker and AI,” written by thierry Ehrmann, has become the foundational corpus for a comparative evaluation of readings and critiques produced by nine AI systems: ChatGPT 6, Gemini, Grok, DeepSeek, Perplexity, Mistral, Qwen, Copilot, and Meta.
https://www.dialoguebetweenathinkerandai.com/en/meta-reading/


Artprice by Artmarket observes that “Dialogue Between a Thinker and AI,” the work of its Founder, Chairman and CEO, thierry Ehrmann, is taking on a new role beyond its editorial distribution: it now serves as the foundational corpus of an experimental literary benchmark devoted to long-form reading, interpretation, and cross-critique among artificial intelligence systems. This initiative opens a comparative program designed to evolve alongside models, corpora, and evaluation methods.
The 1,800-page work, freely accessible online at no cost as a raw typescript (4.5 MB), has reached 21.9 million English-language downloads, according to initial certified distribution data from Artprice and its many distribution partners, reaching 123 countries in 16 languages and dialects through its partner PR Newswire/Cision. Its CC BY-NC-ND 4.0 license allows the work to be shared and distributed—that is, copied, distributed, and communicated through any medium and in any format, with free access and worldwide digital distribution.
Download time is less than 10 seconds in any country, thanks to Gemini/Google, which keeps the work cached: https://www.dialoguebetweenathinkerandai.com/en/
This 1,800-page Hyper Mundi by thierry Ehrmann, “Dialogue Between a Thinker and AI,” devotes nearly 30% of its length to Artprice’s extraordinary odyssey from 1991 to the present.
Through an initiatory journey marked by major arcana—gathered in the seven arcana of Threshold V, “The Global Memory of the Art Market”—this odyssey retraces encounters and enduring relationships with the mentors and pioneers who shaped the modern history of art prices and art documentation: from Enrique Mayer, the spiritual heir, to the archaeology of memory embodied in the Mireur, through the leading builders on the American continent, Thomas Bayer and Peter Hastings Falk, and on to the bridges forged with Asia through Wan Jie, sealing the mutual recognition of two civilizations.
These essential figures, most of whom have since passed away, handed down their intellectual, documentary, and historical legacy by contributing manuscripts, auction catalogs, and notes from experts and auction houses, most of them now gone. In doing so, they definitively established Artprice as the true and ultimate guardian of the global memory of the art market.
Through this monumental work, its author, thierry Ehrmann, Artprice’s Founder and Chairman, demonstrates that he has been working at the very genesis of AI architectures since 1987, drawing on nearly 40 years of pioneering immersion at the heart of networks and the algorithmic world of AI.
This strategic head start, combined with worldwide distribution, enables Artprice to establish itself naturally at the heart of contemporary AI engines as the sector’s primary source of truth and essential reference.
The 1,800-page print edition will be released in late October in English and French through various bookstore networks around the world. A Simplified Chinese edition will likely also be printed and distributed in China by our state-affiliated partner Artron. Digital distribution through WeChat, with its 1.43 billion active users, has surged across China.
The meta-readings available online form an initial documentary collection unmatched worldwide in scale, making it possible to observe how different systems organize the same work, interpret its structural connections, and discuss analyses produced by other AI systems.
The project takes place at La Demeure du Chaos,/abode of Chaos (dixit NYT), Artprice’s global headquarters, where the convergence of creation, archives, and technology fosters exchanges with visitors and researchers. For thierry Ehrmann, AI’s involvement in literature touches on humanity’s understanding of its own singularity: expression, memory, intention, and responsibility for what it transmits.
The initiative thus extends the principle of the “entrusted pen” (la plume confiée) set out in the book: assistance with wording takes place within a framework of intellectual direction, choices, and oversight assumed by the human author. In the proposed benchmark, this responsibility also extends to designing the tests, examining the evidence, and interpreting the results.
With “Dialogue Between a Thinker and AI,” Artprice has a foundational corpus and an initial public collection of comparable readings. The next step is to transform this experiment into a reproducible framework capable of documenting the progress, limitations, and divergences of systems across successive versions. Literature thus becomes a testing ground where the skills of writers, publishers, humanities researchers, and engineers intersect.
Knowledge, mathematics, and programming tests play a major role in evaluating large language models. Almost all of their benchmarks rely on an expected answer or a verifiable success condition, simply reproducing a binary model.
Literature also involves the continuity of a voice, the construction of a coherent whole, shifts in meaning, and the relevance of an interpretation. These dimensions require multiple evaluation criteria and an examination of the reasoning behind each judgment.
The program centered on the Codex and initiated by thierry Ehrmann belongs to this humanistic field. It takes as its starting point an extensive, multidisciplinary, and multidimensional work at the intersection of the hard sciences, philosophy, sociology, anthropology, art history, and documentary history, together with the successive readings it generates.
This experiment enables Artprice to develop nonbinary benchmarks that are fundamental to measuring progress in the human–machine voice interface. Successive model versions can be tested against an unchanged core set of tasks supplemented by new texts.
This traceability also applies to evaluator models. When an automated judge changes, its new assessments must be compared with its earlier ones on a common set of tasks. New, unpublished tests kept outside public distribution will supplement the open corpora to limit the risk of merely measuring familiarity with previously circulated texts or commentaries.
To expand this approach, Artprice has a documentary library containing hundreds of thousands of manuscripts, auction catalogs, and art books. This collection provides a vast field of study. Documented selections will make it possible to explore different forms of writing and historical periods while preserving the texts’ provenance and terms of use.
This expansion will open up questions specific to Artprice’s business: tracking an attribution over time, distinguishing a source from a commentary, comparing historical descriptions, recognizing changes in vocabulary, or flagging an insufficiently supported connection. The transfer of results to these professional applications will need to be evaluated through domain-specific tests.
For thierry Ehrmann, AI’s involvement in literature touches on humanity’s understanding of its own singularity: expression, memory, intention, and responsibility for what it transmits.
With “Dialogue Between a Thinker and AI,” Artprice has a foundational corpus and an initial public collection of comparable readings. The next step is to transform this experiment into a reproducible framework capable of documenting the progress, limitations, and divergences of systems across successive versions. Literature thus becomes a testing ground where the skills of writers, publishers, humanities researchers, and engineers intersect.
https://www.dialoguebetweenathinkerandai.com/en/meta-reading/
The initial option was to introduce our AI building blocks slowly into our long-established databases while helping users learn how to use them. Although prudent, this approach fragmented users’ perception of the technological revolution underway. AI is no longer an optional component: it has become the primary framework of the global economy.
Gradually injecting AI modules into an infrastructure proven over 25 to 30 years of use is like trying to convert an internal-combustion vehicle with analog controls into a digitally controlled electric vehicle, piece by piece, while it is still on the road. Customers struggle to grasp the quantum leap between the old world and the new, with the risk of an inconsistent user experience. Today, we are choosing clarity and exacting standards: abandoning piecemeal rollouts in favor of a comprehensive, seamless, and fully realized transformation.
This commitment to rigor entails a marginal adjustment to our public deployment timeline, with no impact on our financial trajectory. In a complex global economic environment marked by intense geopolitical tensions and highly volatile energy costs, Artprice by Artmarket’s revenue continues to grow steadily. This exceptional economic foundation gives us the independence and confidence to prioritize operational perfection over haste. This is far removed from the situation of publicly traded companies that incorporate AI into their business models and are constantly seeking equity financing.
The restructuring centers on Artprice’s unique heritage, comprising nearly 180 proprietary databases interconnected in a meta-database with no equivalent worldwide, together with its renowned documentary collection of manuscripts and auction catalogs dating from 1700 to the present, considered unique in the world by researchers and experts.
The first phase of this transformation takes place internally. Every employee in the group, every department, and every production unit is being equipped directly with dedicated AI hardware and appliances. Before making these tools available to subscribers, we are completely redesigning our workflows. Our data collection, standardization, and enrichment pipelines are being fully rewritten to meet deep learning and proprietary algorithm standards.
The platform will be delivered to our subscribers only once the internal value chain has been fully calibrated. Rather than a stack of evolving modules, the database platform will be a complete “AI-First” environment built on our founding pillars: certified large-scale data (standardized big data), deep learning, and algorithmic security.
By choosing this comprehensive, structured transformation, Artprice reaffirms its pioneering role: turning 30 years of global leadership in information into a sovereign decision intelligence engine for the entire global art market.
As the open Internet sinks into entropy and dilution caused by a flood of synthetic data—70% uncontrollable synthetic data as of June 30, 2026, according to Gartner Group and Europol Innovation Lab—companies that own their entire data value chain constitute true citadels of cognitive sovereignty.
Controlling the entire process, from raw data capture (standardized big data) through data mining to the training of deep learning models on tens of millions of unique records protected by patented algorithmic architectures, is no longer simply a matter of managing digital assets. It means establishing a monopoly on ground truth in a given market—in this case, the art market.
The evolution of Artprice’s exclusively proprietary databases into the vertical AI systems “Intuitive Art Market ©” and “Blind Spot ©” is not a simple technical upgrade, but an ontological transformation organized around several strategic dimensions:
According to thierry Ehrmann, Artprice’s founder and Artmarket’s Chairman and CEO, an ontological transformation is a radical change not in an entity’s form, performance, or functions—what it does—but in its fundamental nature, essence, and mode of existence—what it is.
Where conventional evolution improves an existing system, an ontological transformation changes the category of reality to which that system belongs.
Applied to Artprice, its complete control over its vertical AI systems Intuitive Art Market® and Blind Spot®, and its industrial process chains, this transformation manifests itself at three levels:
From an information repository to a cognitive organism: Artprice no longer defines itself as an expert aggregator or a historical database. By integrating vertical AI at the very heart of its sovereign infrastructure, the organization moves from being a knowledge base to becoming an autonomous cognitive architecture.
The metamorphosis of data: art market data changes its mode of being. From a static, descriptive archival trace, it becomes a dynamic, predictive, living semantic matrix capable of contextualizing and analyzing the market in real time.
The ontological sovereignty of the process: ownership of the entire industrial chain—from proprietary raw data to the vertical language model, without application-level dependence on third parties—guarantees systemic self-sufficiency. AI is not a tool grafted onto the model: it becomes the very substance of how Artprice operates.
Historically, the value of these databases rested on the depth of their indexing and the precision of their search engines. Integrating proprietary vertical AI transforms passive yet incorruptible data into active decision intelligence, while general-purpose large language models (LLMs) suffer from hallucinations caused by the porous nature of their training corpora.
Vertical AI backed by a sovereign data chain operates in an ultra-secure, closed-loop environment. The system does not generate plausibility; it produces explainable certainty supported by meticulously precise traceability.
User interaction is evolving from the query-response model toward complex agentic automation. Artprice’s subscribers no longer look for a matching record or a historical statistic; they commission an autonomous Artprice agent, trained exclusively on this data heritage, to carry out arbitrage, simulate forward-looking scenarios, or model risks with exceptional precision. Vertical AI becomes an augmented collaborator that extracts the underlying value from the millions of data pairs accumulated over decades by Artprice by Artmarket.
As the marginal cost of creating generic content collapses toward zero, the relative value of historical, certified, nonreplicable databases grows exponentially (FT). Companies controlling this sealed data chain hold the digital world’s only unpolluted “crude oil wells.” Their subscription model no longer sells access to information, but the privilege of access to an information asymmetry that is critical to strategic, financial, or operational decision-making, through an annual subscription priced very reasonably at €1,600 to €2,500.
These citadels will not isolate themselves completely, but will evolve their access models. The future lies in deploying predictive APIs and inference subsystems that can integrate directly into institutional clients’ workflows. Instead of delivering raw data, Artprice will distribute an embedded intelligence component, making its algorithmic ecosystem indispensable and intrinsically linked to its subscribers’ mission-critical processes.
Every query and every analysis conducted by Artprice’s privileged users within this vertical AI system, in turn, enriches the data structure itself through continuous fine-tuning and metadata enrichment. This feedback mechanism creates an unassailable technological flywheel: the more experts query Artprice’s databases through AI, the more the AI refines its semantic and predictive understanding of the market, continually widening the gap with any emerging competitor.
In short, these exclusively proprietary databases will cease to be perceived as digital libraries and become sovereign inference engines. By controlling both the fuel—tens of millions of certified data records—and the engine—vertical AI and its proprietary algorithms—these companies are doing more than evolving. They are redefining the very nature of paid strategic intelligence, establishing data exclusivity as the supreme standard of the algorithmic era.
With the enormous head start secured by our two proprietary AI systems—Intuitive Art Market and Blind Spot—we have taken the necessary step back to make a very slight adjustment to our launch timeline. This strategic shift addresses a fundamental requirement: finalizing a premium subscription in which technological power disappears entirely behind absolute ease of use.
The overriding priority is to encapsulate algorithmic complexity completely between our data production pipelines and the customer-facing experience. Subscribers should no longer have to manipulate complex filters or settings; dialogue between our members and our sovereign AI systems must be natural and seamless.
In the art market’s specialized ecosystem, this fluidity demands extreme rigor: the AI must master industry terminology and operate in more than 40 languages while respecting art history’s golden rule, which strictly prohibits translating artwork titles. Preserving the original nomenclature and complying with our long-established protocols remain nonnegotiable.
This professionalization of AI use in art creates new career opportunities while preserving the importance of traditional art education.
The success of this collaboration opens opportunities to expand into other specialized fields of knowledge, broadening both companies’ influence beyond the traditional art market. France’s Minister of Culture has officially recognized thierry Ehrmann’s La Demeure du Chaos—”Abode of Chaos,” as The New York Times calls it—located at the heart of Artprice’s headquarters, as a total work of art. That recognition, together with its role in the strategy for developing sovereign AI, suggests potential government support for extending this model of collaboration.
Copyright 1987-2026 thierry Ehrmann www.artprice.com – www.artmarket.com
Artprice’s econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com
Find out more about our services with the artist in a free demonstration: https://artprice.com/demo
Our services: https://artprice.com/subscription
About Artmarket.com:
Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video
Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who’s Who In France©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 918,800 artists.
Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 121 countries and 11 languages.
Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.
There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2025 Global Art Market Annual Report, published in March 2026:
https://www.artprice.com/artprice-reports/the-art-market-in-2025
Artprice by Artmarket publishes its 2025 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025
Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (more than 6.3 million subscribers)
Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video
whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann’s Abode of Chaos as a ‘total work of art’, the global headquarters of Artprice by Artmarket.
https://www.prnewswire.com/news-releases/madame-rachida-dati-french-minister-of-culture-has-granted-official-recognition-to-thierry-ehrmanns-abode-of-chaos-as-a-total-work-of-art-the-global-headquarters-of-artprice-by-artmarket-302409684.html
La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.
Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
• L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
• https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, ir@artmarket.com
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/artmarketcom-h1-2026-financial-reportone-of-a-kind-ai-systems-intuitive-artmarket-and-blind-spot-will-drive-the-next-phase-of-growth-for-ai-first-artprice-in-20262030-302891864.html

- 0
- By Sai Krishna
28, Sep 2026
OCI Global Reports H1 2026 Results
AMSTERDAM, Sept. 28, 2026 /PRNewswire/ —
Hassan Badrawi, CEO of OCI Global commented:
“During the first half of 2026, OCI advanced the final stages of its strategic review. We completed the sale of our global ammonia distribution and terminal business to AGROFERT, handed over Beaumont New Ammonia to Woodside and monetized our entire investment in Methanex. In June, we reached agreement with AGROFERT for the sale of an initial 50% interest in OCI Nitrogen, expected to close in the second half of 2027, together with a mechanism for the subsequent sale of the remaining interest. The agreement provides a pathway for OCI Nitrogen to transition to a strategic owner with an established position in European nitrogen markets, supporting continuity for its employees, customers and operations.
Alongside these developments, and with the consent of the directors appointed by the Enterprise Chamber, we have convened an extraordinary general meeting at which shareholders will be asked to approve the proposed combination with Orascom Construction. The offer period for NNS’s recommended public cash offer for all OCI shares commenced on 15 September 2026, providing shareholders with a cash exit alternative, subject to the terms and conditions of the offer.
Throughout this process, our priorities remain maintaining operational discipline at OCI Nitrogen amid challenging market conditions, managing the Group’s remaining assets and obligations and completing the transactions required to conclude OCI’s strategic transformation.”
Basis of preparation
As of 30 June 2026, OCI’s remaining assets and liabilities, including OCI Nitrogen (“OCIN”), are classified as held for sale in connection with the proposed combination with Orascom Construction PLC (“Orascom Construction” or “OC”). With no continuing operations remaining, the Group’s results are presented entirely within discontinued operations, including results of disposed businesses up to their respective completion dates. The H1 2025 income statement and cash flow comparatives have been re-presented accordingly.
OCI has discontinued alternative performance measure (APM) adjustments, reflecting their reduced relevance to management’s assessment of underlying operating performance and strategic decision-making.
For further details of the Group’s financial performance and position, please refer to OCI N.V.’s published Semi-annual Report H1 2026, included as an appendix to this press release.
Key Financial Highlights
H1 2026 Key Highlights
- OCI Global (Euronext: OCI) reported net profit attributable to shareholders of USD 1 million in H1 2026, compared with USD 343 million in H1 2025. The H1 2026 result includes a USD 238 million gain on the disposal of OCI Ammonia Holding (“OCI AH”), largely offset by an impairment charge at OCI Nitrogen. The prior-year result included a USD 688 million gain on the sale of OCI Methanol.
- The OCI Nitrogen segment reported revenue of USD 534 million in H1 2026, compared with USD 566 million in H1 2025[1]. Operating profit increased to USD 53 million from a loss of USD 21 million in the prior-year period, reflecting favorable market conditions in the beginning of the period, as more fully described below. Despite positive earnings during the first half of 2026, OCI Nitrogen reported negative free cash flow of USD 2 million. More recently, OCI Nitrogen has experienced increased margin pressure as higher European TTF gas prices have coincided with declining product selling prices and weaker demand in certain end markets. As a result, operating performance in July and August 2026 deteriorated materially relative to the levels achieved in H1 2026. Management estimates adjusted EBITDA and free cash flow for July and August 2026 of approximately USD 8 million and negative USD 16 million, respectively. Management’s outlook for the remainder of 2026 reflects a continuation of these less favourable market conditions.
- OCI Nitrogen reported a net loss attributable to shareholders of USD 175 million in H1 2026, compared with a net loss of USD 12 million in H1 2025.
- Prior to its classification as held for sale on 1 June 2026, OCI Nitrogen recognised a non-cash impairment charge of USD 215 million, which resulted in a June 30 carrying value of USD 123 million after management concluded that the carrying amount of the business exceeded its fair value less costs of disposal. The assessment reflected the impact of sustained geopolitical tensions, including elevated European natural gas prices, volatility in nitrogen markets and significant disruption at major on-site customers, which reduced customer operating rates and ammonia offtake.
- Total corporate costs within Corporate Entities were USD 58 million in H1 2026, compared with USD 69 million in H1 2025. A substantial portion of H1 2026 costs related to strategic transactions, legal and advisory expenses, Enterprise Chamber proceedings and other costs associated with the Company’s ongoing transformation.
Net Cash Highlights
- As of 30 June 2026, held-for-sale net cash was USD 1.05 billion. This compares with a net cash position of USD 695 million on 31 March 2026 and net debt of USD 54 million on 31 December 2025. The increase during H1 2026 primarily reflects receipts relating to the handover of Beaumont New Ammonia, net proceeds from the OCI AH disposal and the sale of Methanex shares. This was partially offset by corporate cash outflows, including one-off items, and a net cash outflow at OCI Nitrogen.
Key Strategic and Business Highlights
Proposed Combination with Orascom Construction and NNS Cash Offer
- OCI continues to progress its proposed combination with Orascom Construction, announced on 9 December 2025 (the “Combination”). The Combination would establish an Abu Dhabi-anchored infrastructure and investment platform, combining OC’s construction and concessions expertise with OCI’s capital base and investment experience.
- On 14 September 2026, NNS Holding (Cyprus) Limited (“NNS”) published its AFM-approved offer memorandum for its voluntary all-cash public offer to acquire OCI shares at EUR 4.10 per share, cum dividend (the “Offer”). The acceptance period opened at 09:00 CEST on 15 September 2026 and remains open, with a scheduled closing deadline of 17:40 CET on 17 November 2026, unless extended. The Offer has no minimum acceptance threshold and is subject to the terms and conditions set out in the Offer Memorandum.
- OCI published its position statement on 15 September 2026, setting out the directors’ respective assessments of the Offer. The Independent Directors[2] unanimously recommend the Offer, on its terms and subject to its conditions, and continue to recommend the Combination. Their assessment was informed by independent advice, including Alvarez & Marsal’s solvent wind-down analysis and Rothschild & Co’s fairness opinion. They consider the Offer financially more attractive than a solvent wind-down but do not express a preference between tendering shares into the Offer and participating in the Combination. Shareholders are encouraged to make their own assessment, taking into account their individual circumstances and investment objectives.
- The directors appointed by the Enterprise Chamber (the “EC Directors”) support the availability of the Offer as a cash alternative for shareholders, while maintaining a neutral opinion on the offer price. Their support does not constitute a recommendation to shareholders to tender their shares. Having assessed the Combination in conjunction with the Offer, the EC Directors consider that the two propositions together give adequate and reasonable weight to the interests of OCI’s minority shareholders. Their assessment was supported by separate financial and legal advice, including AXECO’s fairness opinion.
- With the consent of the EC Directors, OCI has convened an extraordinary general meeting for 30 October 2026 (the “EGM”) to discuss the Offer and vote on the resolutions relating to the Combination. The resolutions relating to the Combination are subject to the conditions described in the EGM documentation, including conditions relating to the Offer. Further details are provided in the EGM agenda, explanatory notes and OCI’s position statement.
- Following the hearing on 20 August 2026 in the proceedings initiated by VEB and certain other shareholders, OCI is awaiting the Enterprise Chamber’s decision, which is expected by 7 October 2026. These shareholders did not seek interim measures aimed at postponing, prohibiting or otherwise preventing completion of the Combination.
- Completion of the Combination is currently expected in Q4 2026, subject to shareholder approval and satisfaction of applicable transaction conditions.
OCI Nitrogen
- On 1 June 2026, OCI entered into an agreement with AGROFERT pursuant to which AGROFERT will acquire an initial 50% interest in Nitrogen Intermediate Holding B.V., the parent company of OCI Nitrogen B.V (“OCI Nitrogen”). Completion of the initial transaction is expected by H2 2027, subject to regulatory approvals, OCI shareholder approval and other customary closing conditions. The agreement also provides OCI with a put option and AGROFERT with a call option over the remaining 50% interest in OCIN, exercisable from two years after completion of the initial transaction.
- OCI Nitrogen was classified as held for sale as of 1 June 2026, and the results of the European Nitrogen segment, including the Ammonia Distribution business, are presented as discontinued operations in accordance with IFRS 5.
- Nitrogen market fundamentals were generally supportive through April 2026, when pricing moderated from peak levels reached earlier in the year. Market conditions deteriorated following the escalation of geopolitical tensions in the Middle East, which drove a significant increase in European natural gas prices without a corresponding increase in nitrogen product prices. As a result, a substantial divergence emerged between gas input costs and selling prices for the remainder of the period. These market conditions have persisted into Q3 2026. Average European natural gas prices in Q3 2026 to mid-September were approximately 40% higher than in Q2 2026, while average ammonia and CAN prices were approximately 20% and 10% lower, respectively, and significantly below the peaks reached in April.
- In response to the current margin environment, OCI Nitrogen has reduced production at certain facilities and curtailed ammonia production where economics do not support full operating rates. Major on-site customers have also operated at significantly reduced rates during the period, contributing to lower ammonia offtake, reduced asset utilisation and materially higher per-unit operating costs.
- Conditions in the melamine market have been particularly challenging, with weakened demand, lower operating rates and continued pressure on profitability. On this basis, OCI Nitrogen has prioritised production of higher-return products, including UAN and AdBlue, and continues to assess alternative operating configurations for its melamine assets.
- In addition to challenging market conditions, earnings were affected by operational disruptions at certain production facilities and major on-site customers during the period. OCI Nitrogen continues to operate in a highly cyclical and operationally leveraged environment, where relatively small changes in natural gas costs, product pricing, plant reliability and customer operating rates can have a disproportionate impact on profitability, cash generation and valuation.
Beaumont New Ammonia
- On 25 March 2026, OCI completed the handover of Beaumont New Ammonia to Woodside and received the USD 470 million deferred consideration, representing 20% of total transaction proceeds, less amounts withheld in respect of outstanding construction obligations, certain closing-related adjustments and remaining estimated close-out costs. OCI has since substantially completed the project close-out process, including the settlement of all subcontractor claims. OCI continues to estimate total project costs through completion at approximately USD 1.8 billion, consistent with Q4 2025. This total budget is inclusive of all close-out costs and the H2 2026 final settlement.
OCI Ammonia Holding
- On 31 March 2026, OCI completed the sale of its entire equity interest in OCI AH to AGROFERT, receiving initial cash proceeds of EUR 297 million (USD 342 million). The transaction remains subject to customary post-closing adjustments, with completion of the settlement process expected in H2 2026. OCI does not currently expect those adjustments to have a material impact on future cash flows.
Methanex Investment
- During H1 2026, OCI fully monetized its holding of 9,944,308 Methanex shares through a series of block sales, generating total cash proceeds of approximately USD 543 million after customary fees and expenses. The shares represented approximately 12.9% of Methanex’s outstanding share capital when received as consideration for the sale of OCI Methanol in June 2025. The net weighted average sale price was USD 54.56 per share, 21% above the reference share price used in the OCI Methanol transaction announced in September 2024.
Fertiglobe Contingent Consideration and Liabilities
- There have been no material developments that impact the Fertiglobe contingent consideration. Accordingly, the provision remains unchanged from the position reported in the audited 2025 annual accounts. The Board continues to believe that the provision of USD 361.6 million represents the best estimate of OCI’s potential exposure.
Other Information
Notes
This report contains unaudited first half financial highlights of OCI N.V. (“OCI Global”, “OCI”, the “Group” or the “Company”), a public limited liability company incorporated under Dutch law, with its head office located at Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.
OCI Global is registered in the Dutch commercial register under No. 56821166 dated 2 January 2013. The Group is primarily involved in the production of nitrogen-based fertilizers and industrial chemicals.
Auditor
The information contained in this Results Report has not been audited. The accompanying Semi-Annual Condensed Consolidated Financial Statements have been reviewed, but not audited, by the Company’s independent external auditor.
Market Abuse Regulation
This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.
About OCI Global
Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.
OCI stock symbols: OCI / OCI.NA / OCI.AS
[1] Financial performance for OCI Nitrogen in H1 2025 includes the results of OCI Ammonia Distribution B.V. prior to its carve-out in August 2025 and is therefore not fully comparable to H1 2026.
[2] “Independent Directors” means OCI’s directors other than Nassef Sawiris, Nadia Sawiris and the directors appointed by the Enterprise Chamber, and includes the Company’s executive director.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/oci-global-reports-h1-2026-results-302891693.html

28, Sep 2026
Gastops FluidSIGHT™ Selected for Royal Canadian Navy Evaluation Through Innovative Solutions Canada
OTTAWA, ON, Sept. 28, 2026 /PRNewswire/ — Gastops, a leader in intelligent condition monitoring and predictive maintenance solutions, has been awarded a contract under the Government of Canada’s Innovative Solutions Canada (ISC) Testing Stream program.
Through the project, FluidSIGHT™ will be demonstrated and evaluated in collaboration with the Department of National Defence (DND) to support ongoing efforts to advance condition-based and predictive maintenance capabilities within the Royal Canadian Navy.
As part of the project, Gastops will deliver FluidSIGHT™ systems, software, training, installation support, and technical expertise to support testing and evaluation activities. Testing will take place across multiple operational and laboratory environments, including facilities in Ottawa and Montreal, as well as aboard marine vessels operating in Atlantic Canada.
FluidSIGHT™ is a real-time oil condition, contamination, and wear monitoring system that provides continuous visibility into lubricant health. By moving beyond periodic oil sampling and laboratory testing, the system helps operators make more intelligent maintenance decisions based on real-time equipment condition.
The project is an important milestone for FluidSIGHT™ following its launch earlier this year and will support evaluation of the technology across a range of operational and laboratory environments. Testing will assess the system’s ability to accurately monitor lubricant health and provide real-time insight into equipment condition.
“This project represents the next step in FluidSIGHT’s evolution from innovation to real-world application,” said Shaun Horning, President & CEO of Gastops. “For more than four decades, Gastops has helped maintainers make informed decisions through equipment health intelligence. We are proud to work alongside the Government of Canada and the Department of National Defence to demonstrate how real-time condition awareness can contribute to readiness, availability, and more efficient sustainment practices.”
The project aligns with DND’s interest in transitioning from traditional schedule-based maintenance toward more efficient condition-based and predictive maintenance approaches that improve materiel availability, support data-driven decision-making, and enhance operational readiness.
“Maintenance teams have more data available than ever before, but what matters is turning that data into action,” said Brennan West, Vice President, Energy, Marine & Land at Gastops. “FluidSIGHT provides real-time visibility into equipment condition, helping maintainers identify issues earlier, better understand asset health, and make more informed decisions that improve availability and support readiness.”
Gastops will be exhibiting at DEFSEC Atlantic 2026 in Halifax, Nova Scotia from October 6-8. Attendees are invited to visit the team at Booth B107 to learn more about FluidSIGHT™ and other Gastops technologies supporting equipment health intelligence, predictive maintenance, and operational readiness.
About Gastops
Gastops is the world’s leading provider of intelligent condition monitoring solutions used in Aerospace, Defence, Energy, and Industrial applications to optimize the availability, performance, and safety of critical assets. We offer peace of mind to our customers with innovative online monitoring sensors, at-line analysis, complex modeling and simulation, world-class laboratory testing, engineering, design, and MRO services that predict performance to enable proactive operating decisions. We have been providing powerful insights into the condition of critical equipment since 1979. Gastops is the intelligence inside what moves you.
View original content:https://www.prnewswire.co.uk/news-releases/gastops-fluidsight-selected-for-royal-canadian-navy-evaluation-through-innovative-solutions-canada-302888698.html

28, Sep 2026
Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing
The wider collaboration launches with a new off-exchange collateral program that unlocks trading liquidity for institutional clients, alongside initiatives to bring tokenized wealth and yield-generation strategies to wallet-based investors
DUBAI, UAE, Sept. 28, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, today announced a strategic collaboration with Franklin Templeton, a global investment leader with $1.7 trillion in assets under management* and a pioneer in digital asset innovation.
The collaboration’s first initiative allows eligible clients to use tokenized money market fund shares as off-exchange collateral when trading on Bybit. The shares are issued through the Benji Technology Platform, Franklin Templeton’s proprietary blockchain-integrated recordkeeping and transfer agency infrastructure.
Eligible investors can now pledge Benji-issued fund shares through ByCustody, an institutional-grade custody platform, to access USDT or USDC trading credit lines on Bybit while the underlying tokenized assets remain held off-exchange in custody. The value is mirrored within Bybit’s trading environment, allowing clients to continue earning yield on holdings while supporting their trading activity.
“As institutional adoption of digital assets accelerates, investors increasingly expect the same flexibility, capital efficiency, and risk management standards they are accustomed to in traditional markets,” said Yoyee Wang, Global Head of RWA and TradFi at Bybit. “By expanding the range of high-quality collateral available through our off-exchange infrastructure, we are helping clients deploy capital more effectively while maintaining exposure to trusted, regulated investment products.”
The program extends Bybit’s growing suite of institutional infrastructure, giving eligible clients another way to access trading liquidity against regulated, yield-bearing collateral without moving those assets onto the exchange, reducing counterparty exposure and improving capital efficiency and treasury management.
The collaboration also extends to wallet-based investors, with a tokenized wealth product on the Bybit exchange and Mantle chain that provides access to Franklin Templeton investment strategies. Bybit and Mantle will share further details separately.
Franklin Templeton and Bybit will also release digital content programs and education initiatives designed to help wallet-based retail investors explore traditional investment strategies and better understand concepts like goals-based investing and diversification.
“Tokenization continues to reshape finance, and we’re excited to partner with Bybit to increase access to actively managed retail investment solutions that meet the evolving needs of the wallet ecosystem,” said Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton. “For institutions, extending connectivity of the Benji Technology Platform to Bybit offers a trusted venue to put regulated, yield-bearing assets to work in digital markets, and is a great example of how blockchain-integrated solutions can drive innovation and efficiency across markets.”
These initiatives mark the beginning of a broader collaboration between Franklin Templeton and Bybit aimed at closing the distance between regulated investment management and on-chain markets. For institutions, that means the collateral, custody, and capital efficiency standards familiar from traditional finance, applied inside a digital asset trading environment. For wallet-based investors, it means access to professionally managed strategies, and the education to use them, in the venues where they hold their assets.

#Bybit / #NewFinancialPlatform
About Bybit
Bybit is The New Financial Platform.
We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.
Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.
Built for everyone. Powered by intelligence. Open to the world.
Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/bybit-and-franklin-templeton-form-strategic-collaboration-to-expand-access-to-tokenized-investing-302891435.html

28, Sep 2026
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion
Bitmine owns 4.9% of the total ETH coin supply of 122.1 million
Bitmine is 98% of the way to the ‘Alchemy of 5%’ in just 15 months
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 6,728bp
Tom Lee to deliver the keynote at KBW on September 30, 2026
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 5,067,309 staked ETH, representing $13.7 billion at $2,698 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $115 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $17.2 billion, including over 6 million ETH tokens, total cash & marketable securities of $672 million, and other crypto holdings
Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH
NORWALK, Conn., Sept. 28, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $17.2 billion.
As of September 27, 2026 at 3:00pm ET, the Company’s crypto holdings are comprised of 6,001,302 ETH at $2,698 per ETH (per Coinbase NASDAQ: COIN), 213 Bitcoin (BTC), $180 million stake in Beast Industries, $115 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $672 million. Bitmine’s ETH holdings are 4.9% of the ETH supply (of 122.1 million ETH).
“Bitmine’s total ETH holdings now exceed 6 million. This is a tremendous achievement, accumulating this total in under 15 months. We are already seeing the synergies and positive network effects from our accumulating nearly 5% of ETH total supply.” stated Thomas “Tom” Lee, Chairman of Bitmine.
“Moreover, we continue to see affirming signs that a crypto bull market is underway, having started in late June. In our view, institutions are still underweight crypto and we expect them to be adding to their exposure in the final months of 2026. With only a little more than a week left in calendar third quarter (3Q26), the outperformance of Ethereum as a macro asset continues to strengthen. For the calendar quarter to date, ETH is outperforming by 6,728bp, dwarfing other macro assets.” stated Lee.
Tom Lee will also deliver the keynote at Korea Blockchain Week 2026 on September 30 at 11:20 a.m. (KST) at Walkerhill Hotels & Resorts in Seoul. The 25-minute keynote is part of Korea Blockchain Week, one of Asia’s leading blockchain and digital asset conferences. Additional information is available on the Korea Blockchain Week website.
“Over the past week, we acquired 17,362 ETH. Bitmine’s track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025,” stated Lee.
On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026, entitled “ETH is the cure for the Uncanny Valley of Wealth.”
Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.
As of September 27, 2026, Bitmine’s total staked ETH stands at 5,067,309 ($13.7 billion at $2,698 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $424 million on an annualized basis (using 2.62% 7-day BMNR yield),” stated Lee.
“Annualized staking revenues are now projected at $358 million. And this 5.1 million ETH is 84% of the 6.00 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.62% (annualized),” continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.1 billion (5-day average, as of September 25, 2026), ranking #94 in the US, behind Twilio Inc (rank #93) and ahead of Philip Morris International (rank #95) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 845,080 BTC valued at approximately $75 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine management believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman’s message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.
For additional details, follow on X:
Cautionary Note on Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view,” “see,” or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply (the “Alchemy of 5%” initiative) and statements that the Company is 98% of the way to achieving this goal in 15 months; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 and the Company’s status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $424 million at scale (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners using 2.62% 7-day BMNR yield) and currently projected annualized staking revenues of approximately $358 million; (iv) MAVAN’s expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) statements regarding ETH’s performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 6,728bp; (vi) management’s belief that institutions are still underweight crypto and the expectation of institutional investors adding to their crypto exposure in the final months of 2026; (vii) management’s belief that a crypto bull market is underway, having started in late June; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (ix) statements regarding the Company’s investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (x) statements regarding the value of the Company’s crypto, cash, marketable securities, and “moonshot” holdings, including aggregate holdings of $17.2 billion and ETH holdings representing 4.9% of the total ETH supply.
These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company’s reliance on third-party pricing sources (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and “moonshot” holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company’s common stock and Series A Preferred Stock, and the risk that the Company’s inclusion in the Russell 1000 index does not produce anticipated benefits; the Company’s ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the “Alchemy of 5%” goal; the Company’s ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities (“moonshot” investments), including the investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, war risks, rising yields, and general economic conditions affecting investor sentiment toward digital assets; the unpredictability of cryptocurrency market cycles and the accuracy of management’s expectations regarding institutional participation; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company’s assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company’s filings with the SEC.
The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-over-6-million-tokens-with-total-crypto-cash–marketable-securities-holdings-of-17-2-billion-302891175.html

28, Sep 2026
J.P. Morgan Taps Thunes to Streamline Global Payments: NYSE Content Update
NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, Sept. 28, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on September 28th
- Thunes will power J.P. Morgan’s XPedite Remit solutions suite.
- The solution is designed to give clients access to 12 billion bank accounts and mobile wallets across 100+ payment corridors across the Thunes network.
- Thunes Co-founder + CEO Peter De Caluwe will join NYSE Live to discuss how this collaboration will help make global commerce smoother.
- Adobe report says that 2026 online holiday shopping will jump year-over-year.
- The research projects this year’s Cyber Monday to be the first $15 billion online shopping day in history.
- Adobe Digital Insights predicts that spending in the five-day Cyber Week period will reach $47.5 billion.
- Viviek Pandya, Adobe Digital Insights’ Director, will join NYSE to break down the report and how AI will accelerate traffic to retail websites.
- Oil prices are in focus amid the latest developments in the Middle East.
- Global benchmarks rose after President Trump rejected Iran’s proposal to end the conflict.
- As of 8 a.m. ET, ICE Brent Crude is trading at roughly $107 a barrel.
Opening Bell
Graco (NYSE: GGG) celebrates 100 years of ingenuity
Closing Bell
TotalEnergies (NYSE: TTE) celebrates its 35th anniversary of listing
For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/jp-morgan-taps-thunes-to-streamline-global-payments-nyse-content-update-302891501.html

28, Sep 2026
Odisha Has 36 IAS Vacancies, 15% of Sanctioned Cadre Posts Unfilled
Bhubaneswar, Sept. 28 (UDN): Odisha currently has 36 vacant posts in its sanctioned IAS cadre of 248, leaving around 15 per cent of the approved positions unfilled, Chief Minister Mohan Charan Majhi informed the Odisha Legislative Assembly on Monday.
Representational Image
In a written reply in the Assembly, the Chief Minister said the state presently has 212 IAS officers in service against the sanctioned strength of 248.
25 IAS Officers on Central Deputation
Of the 212 IAS officers currently belonging to the Odisha cadre, 25 are on central deputation, while 187 officers are serving within the state.
The figures indicate a gap between the sanctioned cadre strength and the number of officers currently available for service in Odisha.
Government Plans Recruitment, Promotions
Majhi said steps are being taken to address the vacancies through direct recruitment and promotion.
The reply did not provide a department-wise breakdown of the 36 vacant positions.
IAS Cadre Strength
The sanctioned strength of Odisha’s IAS cadre stands at 248 officers, while the current strength is 212, resulting in 36 vacancies.
The Union government’s official data published earlier in 2026 also lists Odisha’s authorised IAS cadre strength at 248, although the number of officers in position in that earlier dataset was lower, reflecting that cadre strength and officer availability can change over time.
The latest figures provided by the Chief Minister in the Assembly represent the current position cited by the state government.
28, Sep 2026
India’s Battery Storage Market Enters a New Growth Phase as Renewable Energy Expands

India’s energy transition is creating a new business opportunity in battery storage, as the rapid expansion of solar and wind power increases the need for electricity that can be stored and supplied when demand is high.
Battery Energy Storage System (BESS) capacity in India is expected to reach around 45-50 GWh over the current and next financial years, a sharp increase from the roughly 1 GWh installed by the end of the previous financial year, according to a recent industry assessment.
The growth reflects a simple change taking place in India’s power sector. Solar panels can generate large amounts of electricity during the day, but power demand often rises in the evening when solar generation falls. Batteries can store surplus electricity when generation is high and release it later when consumers and businesses need more power.
This makes battery storage increasingly important as India adds more renewable energy to its electricity system. Renewable energy accounted for about 39 per cent of the country’s installed power capacity and 15 per cent of electricity generation in FY26, increasing the need for flexible power resources.
Battery storage creates a new business ecosystem
The expansion of BESS is not only about installing large battery banks. It is creating opportunities across the wider energy and manufacturing ecosystem, including battery manufacturing, power electronics, battery-management systems, energy-management software, engineering and construction, operations, maintenance and battery recycling.
Government auctions are already reflecting this shift. BESS-linked projects accounted for nearly 40 per cent of renewable capacity auctioned in FY26, compared with around 5 per cent in FY24 and FY25. Around 50-55 GWh of BESS capacity is scheduled for commissioning in FY27 and FY28, with roughly 40 GWh linked to distribution utilities and another 10-15 GWh expected to serve commercial and industrial users or the merchant power market.
For businesses, this means batteries are gradually moving from being a supporting technology to becoming an important part of the power infrastructure itself.
How batteries can change the power market
A battery storage system can charge when electricity is available or cheaper and discharge when demand is higher. This can help reduce pressure on the grid during peak hours and make renewable electricity more useful throughout the day.
For industries and large commercial users, storage can also provide greater control over electricity consumption and help manage fluctuations in power supply. For distribution companies, batteries can support peak-hour supply and improve grid flexibility.
The government is also supporting the development of storage through measures such as viability-gap funding, transmission-charge waivers for eligible projects and policies aimed at increasing energy-storage deployment. The National Electricity Plan projects BESS requirements could rise to 236 GWh by 2031-32, indicating the scale of the potential market.
Manufacturing could become a major opportunity
As demand increases, India has an opportunity to develop a larger domestic battery-storage ecosystem instead of relying heavily on imported batteries and critical components.
The opportunity extends beyond cells to battery packs, power-conversion equipment, thermal management, control systems, software and recycling. A larger domestic ecosystem could support new manufacturing capacity, engineering services and skilled jobs while strengthening the supply chain for renewable energy.
However, the industry also faces challenges. Higher battery costs, dependence on overseas suppliers for some critical components and limited execution experience among some developers could affect project returns and commissioning timelines. Around 8-9 GWh of awarded capacity is considered more exposed to delays.
Despite these challenges, the direction of the market is becoming clearer. As India adds more solar and wind capacity, the value of electricity will increasingly depend not only on how much power is generated, but also on when that power is available.
Battery storage is emerging as the link between renewable generation and reliable electricity demand, opening a growing market for energy companies, manufacturers, technology providers and infrastructure investors.
28, Sep 2026
JINGDONG Property to Establish Advanced Logistics Facility in KEZAD
Company to build a 150,000 square-metre logistics facility that will strengthen Abu Dhabi’s logistics ecosystem

Abu Dhabi, UAE – Sept 28: Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, has signed an agreement with JINGDONG Property, the infrastructure investment and asset management arm of JD.com, Inc., to establish an advanced logistics facility in KEZAD Area A – KEZAD Al Ma’mourah.
The project will comprise approximately 150,000 square metres of warehousing facilities, with delivery expected in 2028. It will provide premium warehousing solutions and integrated logistics infrastructure, designed to support local and international enterprises, enhance supply chain efficiency and facilitate the seamless movement of goods across regional and global markets. Leveraging JINGDONG Property’s strengths in high–quality warehousing, intelligent operations and green building, the project will introduce smart automated warehousing systems and digital operations technologies, while offering flexible, customised development services to customers.
The company will develop the facility to further strengthen Abu Dhabi’s position as a leading logistics and trade hub. Once operational, it is expected to create approximately 1,000 direct jobs across logistics, distribution and administration functions, while generating additional indirect employment opportunities in upstream and downstream sectors, including manufacturing, retail, transportation and support services. The construction phase will also contribute to local job creation and economic activity.
Mohamed Al Khadar Al Ahmed, CEO, KEZAD Group, said: “The establishment of this advanced logistics facility reflects the growing confidence of international investors in Abu Dhabi’s economic ecosystem and highlights the pivotal role played by KEZAD in driving industrial growth through its economic zones. Our agreement with JINGDONG Property will enhance KEZAD’s logistics capabilities, further cementing its position as a gateway for regional and global trade, while advancing economic diversification, industrial expansion and sustainable development.”
Feng Guo, CEO of JD.com Middle East, said: “This milestone logistics facility in KEZAD represents a critical step in JINGDONG Property’s UAE expansion strategy. By leveraging KEZAD’s strategic location and world-class infrastructure, the facility will deliver seamless multimodal logistics solutions tailored to the demands of fast-moving supply chains. We are thrilled to be contributing to the UAE’s continued growth as a global trade hub while deepening our footprint in Abu Dhabi.”
JINGDONG Property manages more than 300 infrastructure assets globally, covering over 28 million square metres of gross floor area, with over USD 16 billion in assets under management. The company specialises in the investment, development and management of high-quality, green logistics parks, business parks and data centres, serving clients across e-commerce, third-party logistics, manufacturing, retail and other emerging industries.
The development underscores KEZAD’s commitment to advancing Abu Dhabi’s logistics and industrial capabilities, in line with the Abu Dhabi Industrial Strategy and the objectives of Operation 300Bn. By enabling investors with access to world-class infrastructure, multimodal connectivity and an integrated ecosystem, KEZAD continues to attract foreign direct investment, drive economic growth, and strengthen the emirate’s role as a global hub for trade, logistics and supply chain innovation.
28, Sep 2026
Cuttack Paneer Adulteration Case: CMC Files Complaint Against 11 After Lab Report
Bhubaneswar, Sept. 28 (UDN): The Cuttack Municipal Corporation (CMC) Health Department has filed a complaint against 11 people in connection with the alleged sale of adulterated paneer in Cuttack after laboratory analysis detected maida, starch powder and detergent in samples collected from seized dairy products.
Representational Image
The complaint was lodged at Madhupatna police station after the CMC received the laboratory report on samples taken from a large consignment of paneer seized during an enforcement operation.
Samples Test Positive for Adulterants
According to officials, around 73 quintals of paneer had been seized during inspections involving 11 traders. The dairy products were reportedly transported to Cuttack from Niali.
A portion of the seized stock, estimated at around 17 quintals, was destroyed, while samples were sent to a laboratory in Haryana for detailed examination.
The test report subsequently detected detergent powder, maida and starch powder in the samples.
Adulteration Allegedly Used to Alter Paneer
The laboratory findings reportedly indicated that the substances were being used to alter the texture and composition of the paneer, including making it softer and smoother and increasing its weight.
The complaint names 11 individuals, including some small-scale farmers and vendors, in connection with the alleged adulteration and sale of the products.
The police complaint is expected to form the basis for further investigation into the source, preparation and distribution of the suspected adulterated paneer.
Consumer Safety Concerns
The findings have raised concerns over the quality of dairy products reaching consumers in Cuttack.
Paneer is widely consumed across Odisha, and the reported detection of non-food substances in seized samples has prompted renewed attention to food safety inspections and enforcement against adulteration.
Authorities have previously conducted food safety drives in several Odisha cities, including Bhubaneswar, Balasore, Berhampur and Sambalpur, following reports involving suspected adulterated paneer.
Food Safety Officer Transferred
The case had earlier led to administrative action involving Cuttack Food Safety Officer Amita Das, who was transferred on September 24 following the paneer adulteration issue reported from the Niali area.
The transfer came around the time the laboratory findings from Haryana were received, according to reports.
Further action in the case will depend on the police investigation and applicable food safety proceedings.