Author: Sai Krishna

MiTAC Computing Technology USA Corporation Announces Grand Opening of Expanded Newark Office to Drive U.S. Infrastructure Growth

NEWARK, Calif., Aug. 11, 2026 /PRNewswire/ — MiTAC Computing Technology Corporation, a global leader in high-performance, energy-efficient server solutions and a subsidiary of MiTAC Holdings Corporation (TWSE:3706), announced the grand opening of its expanded Newark, California operations facility for MiTAC Computing Technology USA Corporation. The strategic expansion reinforces MiTAC’s investment in North American technology infrastructure, customer co-innovation, and long-term enterprise growth.

The upgraded facility strengthens MiTAC’s operational scale and engineering capabilities across four core centers of excellence:

• New Product Introduction (NPI) Unit: Purpose-built for advanced air- and liquid-cooling rack-scale architectures, enabling rapid prototype production and remote customer testing.
• Engineering Lab: Delivers comprehensive, end-to-end hardware and software system validation for enterprise AI and cloud workloads.
• Customer Experience Center (CEC): Connects hyperscale and enterprise clients directly with MiTAC’s latest full-stack, server-to-cluster infrastructure.
• Service Center: Provides dedicated post-deployment technical support, lifecycle management, and field services.

“This new facility reflects MiTAC’s ongoing commitment to deepening our footprint alongside our U.S. customers and ecosystem partners,” said Raymond Huang, General Manager of MiTAC Computing Technology USA Corporation. “With this expansion, we directly deliver localized engineering, testing, validation, and failure analysis (FA) to strengthen our U.S. sales and manufacturing operations. By pairing localized support with our advanced manufacturing heritage, this expansion establishes a collaborative hub to accelerate time-to-market for next-generation data center infrastructure. We look forward to the opportunities it will create for regional innovation and partnership.”

The opening ceremony brought together civic leaders, key customers, strategic industry partners, and community representatives for an official ribbon-cutting, executive networking, guided facility tours, and interactive demonstrations showcasing MiTAC’s end-to-end systems engineering capabilities.

MiTAC was honored to welcome Newark Mayor Michael Hannon—who delivered remarks and presented a certificate on behalf of the city—alongside Newark City Council Member Eve Marie Little, City Manager David Benoun, Community Development Director Steven Turner, Deputy Economic Development Director Angela Tsui, and Lily Mei Newark Chamber of Commerce CEO.

MiTAC Computing Technology USA Corporation extends its sincere gratitude to Mayor Hannon, our distinguished city guests, valued customers, strategic partners, and event sponsors—AMD, Micron, SanDisk, TDS, and D&H—for their support and shared commitment to driving innovation across the AI landscape.

About MiTAC Computing Technology USA Corporation

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corporation (TWSE:3706), delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methodologies to ensure uncompromising quality—across barebones, systems, rack-scale architectures, and cluster-level deployments—fully achieving performance and integration.

MiTAC Computing Technology USA Corporation is dedicated to delivering innovation, performance, and dedicated service to customers and partners across North America.

MiTAC Computing Technology Corporation website: https://www.mitaccomputing.com/

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Manulife Appoints Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth to Advance Growth Strategy Across Key Markets

HONG KONG, Aug. 11, 2026 /PRNewswire/ — Manulife announced the appointment of Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth, effective immediately.

Mr Young has served as Interim Chief Distribution Officer since March, providing strong leadership while advancing Manulife’s distribution strategy and deepening broker engagement across key markets. In his new role, he will be responsible for leading Manulife’s International Brokerage business globally, driving growth across Hong Kong, Singapore, the Middle East and other markets, and further strengthening broker partnerships and distribution capabilities.

“We are delighted to welcome Jeremy to this important role,” said Bonnie Qiu, CEO, Global High- Net-Worth and Chief Partnership Distribution Officer, Manulife Asia. “GHNW remains a core pillar of Manulife’s strategy, and we will continue investing in our capabilities, products and partnerships to help meet the evolving needs of high-net-worth clients. Jeremy’s leadership will enhance our ability to serve this market and capture the significant opportunities ahead.”

Mr Young brings more than 20 years of insurance leadership experience across distribution, sales, marketing, product strategy and customer experience. Before joining Manulife, he was Chief Commercial Officer, Global, at Transamerica Life Bermuda. He previously held senior leadership roles with Sun Life, AIA and Sovereign.

The appointment reinforces Manulife’s commitment to strengthening its Global High-Net-Worth platform and serving the evolving needs of high-net-worth clients across Asia, the Middle East and other international markets. With his deep industry expertise, international perspective and strong commercial leadership, Mr Young is well positioned to lead Manulife’s International Brokerage business into its next chapter.

For media enquiries, please contact: 

Alice Li

Chief Communications Officer, Manulife Hong Kong & Macau

Alice_SM_Li@Manulife.com 

About Manulife 

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

ERAM Holdings Appoints Alok Kumar as CEO to Lead Human Capital Management Business in India

NEW DELHI, Aug. 11, 2026 /PRNewswire/ — ERAM Holdings, a leading diversified conglomerate headquartered in the Kingdom of Saudi Arabia, is pleased to announce the appointment of Alok Kumar as Chief Executive Officer – ERAM HCM India.

With over 25 years of leadership experience across staffing, workforce management, executive search, skilling, and international talent mobility, Alok Kumar is widely recognised as one of the industry’s leading professionals. Prior to joining ERAM Holdings, Alok served as the Chief Executive Officer of NSDC International. Working under the aegis of the Ministry of Skill Development & Entrepreneurship, Government of India, he played a key role in advancing the Government’s vision of positioning India as a trusted global talent partner by creating structured international mobility pathways and strengthening partnerships across Europe, the Middle East, and the Asia-Pacific region.

As part of its long-term growth strategy, ERAM Holdings is significantly expanding its Human Capital Management (HCM) business across India and global markets. The Group aims to build a Tech enabled integrated platform offering staffing and workforce management, executive search, international talent mobility, recruitment process outsourcing (RPO), HR consulting, payroll solutions, and talent advisory services, serving clients across multiple industries and geographies.

In his new role, Alok Kumar will lead the strategic growth of ERAM’s Human Capital Management business, driving domestic and international expansion, developing global talent partnerships, and creating innovative workforce solutions that address the evolving needs of employers worldwide.

Welcoming Alok Kumar to the organisation, the COO of ERAM Holdings, Mr. Madhu Krishnan, said: “We are delighted to welcome Alok Kumar to the ERAM family. His exceptional leadership, deep understanding of the staffing, skilling, and workforce management ecosystem, and proven ability to build businesses at scale make him the ideal leader to drive our Human Capital Management vision. His global perspective and extensive experience in talent mobility will play a pivotal role as we strengthen ERAM’s position as a trusted partner for workforce and human capital solutions across India and international markets.”

Speaking on his appointment, Alok Kumar said: ” Human capital is becoming one of the most powerful engine of economic development globally, and ERAM is unique positioned to build an integrated platform connecting talent, employers, and opportunities across borders. I am thrilled to be a part of its growth journey and look forward to partnering with the leadership team to build a world-class Human Capital Management business that creates value for clients, empowers individuals, and drives sustainable economic growth.”

About ERAM Holdings:

Founded in the early 1990s and headquartered in the Kingdom of Saudi Arabia, ERAM Holdings is a globally diversified business conglomerate with operations spanning the Middle East, India, Europe, Africa, Southeast Asia, and North America. Over the past three decades, the organization has built a strong legacy across sectors including Oil & Gas, Engineering & Construction, Manufacturing, Industrial Services, Healthcare, Information Technology, Education, Travel & Tourism, and Human Capital Solutions. With a reputation for innovation, operational excellence, and trusted partnerships, ERAM Holdings continues to deliver sustainable value to clients across industries and geographies.

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GIGABYTE Announces the Availability of AORUS GeForce RTX™ 50 INFINITY Series Graphics Cards

TAIPEI, Aug. 10, 2026 /PRNewswire/ — GIGABYTE, the world’s leading computer brand, announces the availability of the AORUS GeForce RTX™ 5080, RTX™ 5070 Ti, and RTX™ 5070 INFINITY graphics cards. Designed for enthusiasts seeking uncompromised performance and refined aesthetics, the new lineup combines the WINDFORCE HYPERBURST cooling system with a double flow through design, patented Hawk fans, and an intelligent Overdrive Fan to maximize cooling efficiency. These models also feature a STEALTH-compatible hidden power connector design for cleaner cable management, while the signature RGB Halo lighting enables users to personalize their builds. Joining the lineup is the AORUS GeForce RTX™ 5080 INFINITY WOOD, blending wood-grain elements with premium craftsmanship for a distinctive PC aesthetic.

The WINDFORCE HYPERBURST is an advanced cooling system engineered for the AORUS INFINITY Series. The double flow through design creates an unobstructed cooling path by allowing airflow to penetrate through both sides of the backplate, significantly improving heat dissipation. Combined with GIGABYTE’s patented Hawk fans, which increase air pressure by up to 53.6% and air volume by up to 12.5%, the cooling system delivers efficient thermal performance with low noise. An intelligent Overdrive fan, positioned at the center of the graphics card, automatically activates during intensive workloads to provide additional airflow and sustain peak performance.

To further elevate the PC building experience, the new INFINITY models relocate the power connector to the rear side of the graphics card, allowing cables to be routed neatly behind the chassis for a cleaner, clutter-free appearance. A magnetic cover plate conceals the connector, creating a sleek and minimalist finish. Together with the iconic RGB Halo and outer light ring, users can customize lighting effects or synchronize illumination with other compatible hardware to match their personal style.

Expanding the design philosophy of the INFINITY family, the AORUS GeForce RTX™ 5080 INFINITY WOOD is synchronized with GIGABYTE’s WOOD-themed motherboard lineup. Inspired by the warmth and texture of wood-grain elements, it brings premium materials into high-performance hardware, offering enthusiasts a unique way to build elegant, nature-inspired PCs. For more information on AORUS GeForce RTX™ 50 INFINITY Series graphics cards, please visit the official GIGABYTE website and check product availability with your local retailers and e-tailers.

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Lifespan Vision Ventures Leads Remedium Bio’s Series A Financing

Investment supports advancement of Remedium’s durable protein therapeutics platform toward first-in-human clinical development.

NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ — Lifespan Vision Ventures today announced that it is leading Remedium Bio, Inc.’s (“Remedium”) $10 million Series A financing and has completed the round’s initial closing, with participation from Eli Lilly and Company (“Lilly”) and HKX Capital. In connection with the financing, Harry Robb of Lifespan Vision Ventures has joined Remedium’s Board of Directors.

Remedium is developing durable protein therapeutics designed to enable controlled, long-lasting expression of therapeutic proteins following minimally invasive subcutaneous administration. The company’s approach harnesses adipocytes as a durable site for therapeutic protein production, with the potential to provide multi-year benefit and adjustable dosing for patients with chronic diseases.

The financing will support advancement of Remedium’s lead programs, continued platform expansion, and preparation for first-in-human clinical studies.

“Remedium has built a differentiated platform with the potential to address important limitations of chronic biologic therapy,” said Andrew Worden, Founding Partner of Lifespan Vision Ventures. “We are proud to lead the Series A financing and support the company as it advances its pipeline toward clinical development and expands the potential of its platform.”

“Lifespan Vision Ventures shares our belief that durable therapies have the potential to fundamentally improve the treatment of chronic disease,” said Frank Luppino, Chief Executive Officer of Remedium Bio. “We are excited to have them lead our Series A and to welcome Harry Robb to our Board as we advance our platform, expand our pipeline, and prepare for first-in-human clinical development.”

The financing follows recent progress across Remedium’s pipeline, strategic collaborations, and preclinical programs, and is expected to support key milestones demonstrating the breadth of its platform across cardiometabolic and other chronic diseases.

About Lifespan Vision Ventures

Lifespan Vision Ventures is a global venture capital firm investing in early-stage biotechnology companies developing breakthrough technologies to prevent and treat age-related diseases. The firm partners with visionary founders advancing science-driven solutions that promote healthy aging and extend human healthspan.

Contact: info@lifespanvision.com 

About Remedium Bio, Inc.

Remedium Bio is a biotechnology company driven by the belief that any disease can be cured. The company develops life-changing therapeutics for large unmet medical needs by advancing a revolutionary gene therapy platform that enables safe, effective, and durable delivery of therapeutic genes with simple post-treatment dose adjustment. Remedium’s proprietary Prometheus™ platform aims to replace many subcutaneously administered protein therapies with single-injection, adjustable gene therapies that offer long-lasting efficacy at a fraction of the cost. The company’s pipeline includes programs targeting endocrinology, immunology, neurology, and musculoskeletal diseases.

For more information, please visit www.remedium-bio.com or contact info@remedium-bio.com 

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THE LEELA UNVEILS ‘MELODIES BY THE LEELA’ – A DISTINCTIVE SONIC IDENTITY CELEBRATING TRUE INDIAN LUXURY

The brand’s new musical expression debuts with A Living Raga, an inaugural commemorative album composed exclusively by Grammy-winning maestros Amaan and Ayaan Ali Bangash to celebrate four decades of true Indian luxury

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — As The Leela celebrates four decades of True Indian Luxury, the brand recently unveiled Melodies by The Leela, its official sonic identity and a new cultural expression of its enduring commitment to Indian art, heritage and hospitality.

For over forty years, The Leela has expressed the richness of India through architecture, craftsmanship, cuisine, wellness and service. With Melodies by The Leela, the brand extends this philosophy into music, creating an ownable sonic identity that complements its existing sensory expressions and deepens the emotional connection guests have with The Leela.

Launching this new brand platform is A Living Raga, the inaugural commemorative album under Melodies by The Leela. Composed exclusively for The Leela by Grammy-winning, seventh-generation sarod maestros Amaan Ali Bangash and Ayaan Ali Bangash, the 14-track collection celebrates four decades of True Indian Luxury through original compositions inspired by the warmth, grace and timeless philosophy of Atithi Devo Bhava. Produced in collaboration with longtime creative partners Karsh Kale and Sawan Dutta, A Living Raga also features acclaimed musicians Rajesh Prasanna on flute, Ahaana Ali on sarangi, Gopal Dayal on shehnai and Ustad Amjad Ali Khan, creating a contemporary interpretation of India’s classical traditions.

The album received its first listening at The Leela Palace New Delhi on 7th August, in the presence of an illustrious gathering including Ustad Amjad Ali Khan and Subhalakshmi Khan, Vijay Amritraj, Falguni Shane Peacock, Amitabh Kant, Suresh and Priyanka Raina, and Shereen Bhan, among other distinguished guests.

Commenting on the launch, Anuraag Bhatnagar, CEO and Whole-time Director, The Leela Palaces, Hotels and Resorts, said, “For four decades, The Leela has celebrated India’s cultural richness through architecture, design, art, cuisine and hospitality. Music has always been an integral part of that journey, quietly shaping the emotional connection our guests have with our hotels. With Melodies by The Leela, we are bringing together years of original musical collaborations into a distinctive sonic identity that is uniquely our own. As we celebrate forty years of True Indian Luxury, A Living Raga marks the inaugural chapter of this journey, reflecting our commitment to preserving India’s artistic heritage while presenting it in ways that continue to resonate with contemporary audiences.”

Speaking about the collaboration, Amaan and Ayaan Ali Bangash, said, “Our association with The Leela has grown over more than fifteen years through a shared belief that culture is best experienced through emotion. Composing A Living Raga has been an opportunity to celebrate India’s timeless musical traditions while giving expression to The Leela’s vision of a distinctive sonic identity. We are honoured that these years of collaboration now come together under Melodies by The Leela, creating an enduring musical expression for the brand as it celebrates forty years of True Indian Luxury.“

The evening also featured a specially curated commemorative menu celebrating four decades of True Indian Luxury, tracing The Leela’s journey through a series of regional culinary expressions inspired by its destinations and heritage. From Malvani flavours representing its first chapter in Mumbai to interpretations of Karnataka and other regional traditions, the menu brought together the diverse culinary identity of The Leela in one celebratory experience.

Music has been part of The Leela experience for over fifteen years. Through its longstanding creative collaboration with Amaan and Ayaan Ali Bangash, the brand has, in the past, commissioned original compositions that have welcomed guests into its hotels, enriched its public spaces and become an intrinsic part of its sensory language. Now, these musical expressions come together under Melodies by The Leela, a long-term brand platform that will continue to evolve through original compositions, destination-inspired collections and collaborations with leading artists.

As part of the launch, The Leela also introduced a limited-edition collector’s vinyl of A Living Raga. Conceived for discerning collectors and music connoisseurs, the vinyl celebrated the enduring beauty of analogue listening, where craftsmanship, ritual and permanence take precedence over convenience. From its bespoke artwork to its tactile production, every detail was thoughtfully designed as a collectible expression of The Leela’s philosophy of timeless Indian luxury.

With the launch of Melodies by The Leela, the brand introduces a new dimension to its sensory experience, one that extends beyond place into the enduring language of sound. Beginning with A Living Raga, the platform will continue to evolve through original compositions, artistic collaborations and destination-inspired musical expressions, reinforcing The Leela’s commitment to celebrating India’s cultural heritage through contemporary luxury experiences.

Following its first listening at The Leela Palace New Delhi, A Living Raga, the inaugural album under Melodies by The Leela, is now available to stream on Spotify, Apple Music and The Leela website.

About The Leela Palaces, Hotels and Resorts

The Leela Palaces, Hotels and Resorts is India’s largest institutionally owned and managed pure-play luxury hospitality brand. Backed by Brookfield, The Leela’s portfolio comprises 15 operating award-winning properties spanning owned, operated, and managed hotels and another 10 in the pipeline across leading leisure and business destinations in India and Dubai. Recognized globally for architectural excellence and bespoke services, The Leela was ranked #2 globally among the best Hotel Brand in the World by the Travel + Leisure World’s Best Awards 2026 and has been previously ranked as the World’s Best Hotel Brand by Travel + Leisure World’s Best Awards in 2020 and 2021, and among the global top three in 2023, 2024 and 2026. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences.

Please visit our website www.theleela.com and connect with us on Facebook, Twitter and Instagram.

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NYSE Content Update: Goldman Sachs Asset Management Launches Two New ETFs

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Aug. 10, 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 August 10th

• The S&P 500 looks to build off Friday’s record close as investors track the latest developments in the Middle East.
• Goldman Sachs Asset Management’s Lindsay Rosner will join NYSE Live as her firm brings new offerings to the NYSE community.
  • GCPB ETF focuses on new types of core plus bond exposure.
  • GINC ETF aims to balance income potential and diversification.
• LifeMine Therapeutics CEO Greg Verdine will join NYSE Live to discuss the biopharmaceutical firm’s latest achievements.
  • Announced raise of $263 million late last week.
  • Firm is accelerating the clinical development of its lead program, LIFE-001, which is designed to prevent organ transplant rejection.

Opening Bell

Advisor Shares celebrates the MSOS ETF

Closing Bell

Western Midstream Partners (NYSE: WES) celebrates its milestones and people

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

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Saarathi Finance opens its 100th Branch

100^th branch inaugurated in Jagtial, Telangana

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — Saarathi Finance, an MSME-focused NBFC, recently announced the opening of its landmark 100^th branch in Jagtial, Telangana. The new branch will strengthen the company’s presence across northern Telangana and enhance access to timely, customer-centric financial solutions for MSMEs, entrepreneurs, and small business owners in the region.

Having commenced operations in April 2025, Saarathi Finance has opened the 100-branch On 3^rd August 2026, underscoring its rapid growth and commitment to expanding financial inclusion. The MSME-focused NBFC provides Loan Against Property (LAP) solutions with ticket sizes ranging from Rs. 5 lakh to Rs. 35 lakh, helping small businesses and entrepreneurs unlock the value of their assets to fuel growth, enhance working capital, and achieve their business aspirations.

Jagtial which is 190 km north of Hyderabad, is both an agricultural and commercial center with a flourishing MSME presence. Saarathi has opened 20 branches across Telangana in the last one year and has spread its footfall in all parts of the state.

Saarathi Finance has already crossed an Assets Under Management (AUM) of Rs. 650 crore, reflecting the strong trust reposed by its customers and the company’s robust growth trajectory. The company is rapidly expanding its operations across Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Uttar Pradesh and Rajasthan with plans to further strengthen its presence in high-potential MSME markets across India. Through its expanding branch network and customer-centric approach, Saarathi Finance aims to improve access to formal credit and empower entrepreneurs and small businesses nationwide.

Commenting on the opening of the company’s 100^th branch, Mr. Vivek Bansal, Founder and CEO, said, “Reaching the 100-branch milestone and crossing an AUM of Rs. 650 crore reflects the strength of our business model and execution. As we continue to expand, our focus will remain on sustainable growth, prudent risk management, and building a technology-driven lending franchise that creates long-term value for all our stakeholders.”

Shashi Shekhar Vempati, Independent Director, Saarathi Finance, added, “The opening of Saarathi Finance’s 100^th branch in just over year, is a testament to the company’s vision of combining technology, strong governance and customer-centricity to drive financial inclusion. As India continues its digital transformation, institutions that responsibly expand access to credit for MSMEs will play a pivotal role in enabling entrepreneurship, fostering innovation and contributing to sustainable economic growth.”

Commenting on the occasion Mr. Gopal Srinivasan, Chairman & Managing Director of TVS Capital, said, “A hundred branches in just over a year — this is a testament to Saarathi’s leadership and team. Pace and discipline at this scale rarely go together — Saarathi has managed both. At a company just over a year old, it speaks directly to the calibre of the people driving it. At TVS Capital, we back founders who build with ambition and rigour — and Saarathi has shown exactly that combination from the very start. We are proud to be partners on this journey and wish the entire team continued success.”

About Saarathi Finance:

Saarathi Finance & Credit Pvt Ltd. is an NBFC focused on providing accessible and tailored credit solutions to MSMEs across semi-urban and rural India. With a mission to bridge the ₹44 lakh crores credit gap in the MSME sector, Saarathi combines technological innovation with a deep understanding of local markets to offer loans that meet the unique needs of small business owners. The company operates with the guiding principle: “Aap Akele Nahi Hai”- You are not alone.

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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion

Bitmine owns 4.8% of the total ETH coin supply of 120.7 million

Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months

In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto

Bitmine repurchased 3.0 million common stock in the past week, and has repurchased over 19 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program

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 $9.8 billion at $1,928 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $69 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 $11.6 billion, including 5.81 million ETH tokens, total cash & marketable securities of $104 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., Aug. 10, 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 $11.6 billion.

As of August 9, 2026 at 6:30pm ET, the Company’s crypto holdings are comprised of 5,805,238 ETH at $1,928 per ETH (per Coinbase), 209 Bitcoin (BTC), $180 million stake in Beast Industries, $69 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $104 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).

“We are disappointed that the CLARITY Act will not see a Senate vote before the August recess, but financial markets seem more focused on the recent softer inflation and jobs data.  The odds of a Sept. hike by the Federal Reserve have fallen to 40% from 75% two weeks ago,” stated Thomas “Tom” Lee, Chairman of Bitmine.  “We expect easing financial conditions to be a tailwind for crypto.”

“Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last year, sizable outperformance of ETH vs Bitcoin (monthly) has typically been followed by Bitmine’s shares outperforming ETH over the following month. In July, ETH outperformed Bitcoin by 1,100bp similar to July 2025, Dec 2025, March 2026 and in those instances, Bitmine’s shares saw strong outperformance over ETH in the following two months.” continued Lee.

“We continue to view Bitmine’s common shares as undervalued and the Company repurchased 3 million shares during the past week, bringing total common equity repurchases to over 19 million common shares since the start of July. This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury),” continued Lee. Since July 1, 2026, Bitmine has repurchased 19.1 million shares of common stock under the previously authorized $4 billion share repurchase program.  

“Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago,” stated Lee.

On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”

Earlier in 2026, Bitmine launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand 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 August 9, 2026, Bitmine total staked ETH stands at 5,067,309 ($9.8 billion at $1,928 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 is $294 million on an annualized basis (using 2.63% 7-day BMNR yield),” stated Lee.

“Annualized staking revenues are now projected at $257 million. And this 5.1 million ETH is 87% of the 5.81 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.63% (annualized),” continued Lee.

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at approximately $59 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 54 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/ 

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About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), and 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. During 2025, the Company 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.

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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,” 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 regarding its progress toward this goal; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions 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 $294 million (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners at scale), current projected annualized staking revenues of approximately $257 million, and the 7-day yield of 2.63% (annualized); (iv) MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (v) the Company’s $4 billion share repurchase program, including statements regarding the execution, size, and potential accretive value of such program; (vi) management’s views regarding the valuation of the Company’s common shares and expectations regarding future stock price performance relative to ETH and other digital assets; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100 and subsequent performance of the Company’s shares; (viii) statements regarding the impact of macroeconomic factors, including Federal Reserve policy, inflation data, and labor market conditions, on digital asset markets and financial conditions; (ix) management’s belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; (x) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xi) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy and blockchain infrastructure capabilities.

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; changes in market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; the Company’s ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets; the Company’s ability to finance its business operations, Ethereum treasury operations, MAVAN expansion, and share repurchase activities; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, cybersecurity breaches, and protocol changes; 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, CLARITY 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 investment in Eightco Holdings; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, and general economic conditions affecting investor sentiment toward digital assets; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges, and custodians; risks related to the concentration of the Company’s assets in digital currencies; 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, and projections, as well as management’s assumptions and beliefs concerning future events. 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/. Forward-looking statements 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.

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Students of Chandigarh University Bags Gold and Silver Medals at Glasgow Commonwealth Games 2026

Priya Ghanghas Wins Gold in Boxing and Valluri Ajay Babu Bags Silver in Weightlifting during the Glasgow Commonwealth Games 2026

CHANDIGARH, India, Aug. 10, 2026 /PRNewswire/ — Chandigarh University is flying the flag of success not only on the national stage but on the international stage as well. The University’s students are putting up an outstanding display of their talent and bringing laurels to both the country and the University on the international stage. Two Chandigarh University students, Priya Ghanghas (Boxing) and Valluri Ajay Babu (Weightlifting), have brought pride to India and Chandigarh University with their brilliant performances at the Glasgow Commonwealth Games 2026. Teams from 74 countries took part in 10 different sports during the 11-day event.

At the Commonwealth Games 2026 held in Glasgow, international boxer and Chandigarh University BA student Priya Ghanghas won the gold medal in the 60 kg weight category, while international weightlifter and Chandigarh University BA student Valluri Ajay Babu secured the silver medal in the men’s 79 kg weight category, bringing pride to the country.

Priya Ghanghas, a BA student at Chandigarh University, won India a gold medal in boxing at the Commonwealth Games 2026, put up a superb performance to claim the gold. The international boxer, who began her boxing career with gold medals at the Asian Under-22 and Under-19 Championships in 2025, delivered an exceptional performance in the 60 kg weight category and won the gold medal by defeating her opponent, Canada’s Marie-Batoul Al-Ahmadieh, 4-1 in the final bout.

International boxer Priya, who hails from Haryana, has an outstanding international boxing record. In 2025, she displayed her boxing prowess at the Under-22 Asian Youth Championship held in Bangkok, Thailand, winning a silver medal in the 60 kg weight category. She also demonstrated her talent by winning a bronze medal in the 57 kg category at the Youth Asian Boxing Championship held in Astana, Kazakhstan, in 2023-24. In addition, Priya has brought laurels to the country by winning gold medals at the Asian Championship 2025-26, the Spain Boxam Cup and the Grand Prix European Tournament.

At the Asian Boxing Championship 2026 held in Ulaanbaatar, Mongolia, Priya won the gold medal by defeating North Korea’s Won Un-gyong 3-0 in the final, and sealed her place in the Indian contingent for the Asian Games and the Commonwealth Games.

Priya’s achievements at the national level are no less significant. At the 6th Youth Women’s National Boxing Championship 2023 held in Bhopal, Priya won the gold medal in the 57 kg category along with the title of Best Boxer. In addition, she claimed a silver medal at the 8th Elite Women’s National Boxing Championship in 2024-25 in Greater Noida, India, and a gold medal at the 9th Elite Women’s National Boxing Championship 2025-26.

In weightlifting, Valluri Ajay Babu delivered an extraordinary performance to secure the silver medal by lifting a total of 330 kg. He lifted 149 kg in the snatch and 181 kg in the clean and jerk. This achievement has reinforced his consistently outstanding performance in Indian weightlifting at the international level. Ajay Babu missed out on the gold medal in the final by just one kilogram.

Valluri Ajay Babu has performed brilliantly at the international level. He won a gold medal at the Junior Commonwealth Weightlifting Championship held in Noida, Uttar Pradesh, in July 2023, and thereafter displayed his talent by winning a gold medal at the Senior Commonwealth Weightlifting Championship held in Suva, Fiji, in 2024 as well.

Valluri Ajay Babu’s performance at the national level has been outstanding as well. He proved his mettle by winning gold medals at the Youth, Junior and Senior National Weightlifting Championships in Patiala in 2021. In addition, he won gold medals at the Youth National Weightlifting Championship and the Junior National Weightlifting Championship in Bhubaneswar (Odisha) in 2022, and at the Khelo India Youth Games in Panchkula. He also won a silver medal at the Senior National Weightlifting Championship held in Tamil Nadu in December 2022-2023, and a gold medal at the Khelo India Youth Games in February 2023. In 2023-24 he won a bronze medal at the Youth, Junior and Senior National Weightlifting Championships held in Arunachal Pradesh, and a bronze medal at the Youth, Junior and Senior National Weightlifting Championship 2024 in Himachal Pradesh. With his brilliant performances, he displayed his talent by winning a silver medal at the 37th National Games 2023 held in Goa and a gold medal at the 38th National Games 2025 held in Uttarakhand.

Chandigarh University student Valluri Ajay Babu belongs to a weightlifting family from a small village in Andhra Pradesh. His father is a former international weightlifter who won a bronze medal in the 56 kg weight category at the Commonwealth Games held in Delhi in 2010. Carrying that legacy forward, Ajay Babu has secured a silver medal at the Commonwealth Games 2026, sixteen years later. His brother is also a weightlifter.

Congratulating Priya Ghanghas and Valluri Ajay Babu, Chandigarh University Senior Managing Director Dipinder Singh Sandhu said, “They reflect the sports culture of Chandigarh University, where students are provided world-class facilities, training, opportunities and encouragement to excel in sports along with education. The success of both athletes has once again proved that Chandigarh University’s players are writing India’s story of victory not only on the national stage but on the international stage as well. Their success is an inspiration for the youth. Along with world-class facilities, the University also produces winners at the national and international levels. The University has allocated an annual budget of Rs 6.5 crore for sports. The University provides athletes and players with a special diet, sports kit, travel, coaching, hostel and all other facilities free of cost, so that they can focus on their performance without any constraints. At present, 1,183 athletes, including 562 female students, are availing sports scholarships. Chandigarh University will continue to encourage sporting talent in the future as well.”

Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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