EU and Canada Prepare to Sign Security Pact Ahead of NATO Summit
The European Union and Canada are expected to sign a security and defense partnership on Monday at a summit that will kick off a range of discussions about how they can work closer together.
Canadian Prime Minister Mark Carney landed in Brussels late Sunday for the meetings, and one of his government's objectives is to see Canada participate in SAFE, the EU's €150 billion ($173 billion) joint military procurement loan fund.
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Business Wire
34 minutes ago
- Business Wire
IonQ to Participate in Quantum Korea 2025 and Support Quantum Hackathon for Emerging Talent
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced its participation in Quantum Korea 2025, taking place June 24–26 at the aT Center in Seoul. As part of its ongoing commitment to quantum education and ecosystem development, IonQ will also collaborate with Sungkyunkwan University to support a quantum hackathon aimed at fostering the next generation of quantum talent in South Korea. IonQ Chief Marketing Officer Margaret Arakawa and Chief Revenue Officer Rima Alameddine are scheduled to present the company's updated technology and business roadmap following the recent acquisitions of Oxford Ionics and Lightsynq, and a majority stake in ID Quantique (IDQ). The exhibit floor presentation entitled 'Exploring Quantum' is scheduled for Thursday, June 26, 2025 at 2:15 pm local time. IonQ will also demonstrate the IDQ Solteris Network Appliance, part of IDQ's Quantum Safe Ecosystem, designed to upgrade network infrastructure with quantum-safe encryption. This year marks IonQ's third consecutive sponsorship of Quantum Korea, a leading conference organized by South Korea's Ministry of Science and ICT that explores global trends in quantum innovations. IonQ executives will participate in key sessions, presenting updates on the company's technology roadmap and highlighting collaborations with South Korean partners. 'Global partnerships have been fundamental to IonQ's growth, and our collaborations in South Korea are among the most impactful,' said Niccolo de Masi, CEO of IonQ. 'We're proud to contribute to the vibrant quantum ecosystem in South Korea and to support initiatives that cultivate the next generation of quantum innovators.' IonQ's sponsorship of Quantum Korea continues its ongoing support of South Korea's quantum initiatives. The company has contributed to Korea's National Quantum Strategy and supported multiple quantum hackathons and academic initiatives. Most recently, IonQ signed agreements with Seoul National University and Sungkyunkwan University to support quantum research and workforce development. IonQ also signed a memorandum of understanding (MoU) with Busan Metropolitan City, Intellian, and the Korea Institute of Science and Technology Information (KISTI), with the intent to integrate IonQ's quantum technology into South Korea's high-performance computing infrastructure and support talent development initiatives. IonQ also announced plans to enter into a global quantum strategic partnership with SK Telecom, South Korea's largest wireless telecommunications operator. Conference attendees can meet IonQ representatives at Booth #B-07 where they can learn more about the company's roadmap, and its latest quantum networking innovations. About IonQ IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems and represent the forefront of the company's technological roadmap as it advances toward its goal of building quantum computers with 2 million physical qubits by 2030. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'advances,' 'aimed,' 'available,' 'commitment,' 'contribute,' 'cutting-edge,' 'delivering,' 'forefront,' 'goal,' 'growth,' 'intent,' 'latest,' 'leading' 'ongoing,' 'plans,' 'solving,' 'strategic,' 'support,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the necessity, effectiveness, and future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to sell effectively to government entities and large enterprises; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's inability to effectively integrate its acquisitions of Qubitekk, Inc. and Lightsynq Technologies, Inc. assets and its acquisition of a majority interest in ID Quantique, SA; IonQ's customers deciding or declining to extend contracts into new phases; changes in government spending or policy that may affect IonQ's customers; and risks associated with government sales, including availability of funding and provisions that may allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
Yahoo
an hour ago
- Yahoo
RETRANSMISSION: HIVE Digital Technologies Announces the Acquisition of 7.2 MW Toronto Data Center for Future BUZZ HPC and Sovereign AI Development
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - June 23, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ("HIVE" or the "Company"), a global leader in sustainable digital infrastructure, is pleased to announce the signing of a purchase and sale agreement to acquire a facility and its property with a total installed capacity of approximately 7.2 megawatts, located in Toronto, Canada. This strategic move marks a significant milestone in HIVE's mission to scale high-performance computing ("HPC") infrastructure and accelerate the development of a sovereign Canadian AI ecosystem through its wholly owned subsidiary, BUZZ High Performance Computing Inc. ("BUZZ HPC"). Situated in Canada's largest tech hub, this facility will serve as a foundational pillar for BUZZ HPC's next phase of growth. The acquisition will enable BUZZ HPC to deploy highly dense, liquid-cooled advanced compute infrastructure to support sovereign workloads, including large-scale AI training, inference, and cloud services tailored for Canadian enterprises, government initiatives, and AI innovators. "This acquisition positions BUZZ HPC at the forefront of Canada's digital infrastructure evolution," said Craig Tavares, President and COO of BUZZ HPC. "Toronto is not only the largest city in Canada, but also the country's most important center for higher education, AI research, and dense fiber optic connectivity. With the explosion of demand for HPC and AI compute capacity, this Toronto site gives us a critical footprint to develop a sovereign AI data center — owned and operated in Canada by a Canadian public company — ensuring data residency, security, and national innovation leadership." The Toronto data center provides a strategic platform to support HIVE's long-term vision of building Canada's next-generation compute infrastructure. As the world witnesses an Olympics-style competition to build sovereign data centers to meet the epic growth in AI — as seen and reported by OpenAI's hyper-growth to a $10 billion run rate in just a couple of years and over 400 million active users — HIVE is proud to contribute to a future where Canadian data, AI models, and intellectual property can be developed and hosted on Canadian soil. This acquisition also reinforces HIVE's commitment to sustainable digital infrastructure, with the opportunity to integrate green energy sources as part of our broader green-focused goals. Frank Holmes, Executive Chairman of BUZZ HPC and HIVE, added, "As HIVE continues to scale, so now does BUZZ announce its scale, launching our Canadian sovereign strategy. This site will be BUZZ's first owned and operated Tier 3 data center, which will be strategically aligned with sovereign incentives. We will lead Canadian technology standards in the data center industry, as we will upgrade this site to liquid-cooled Tier 3 standards to power the next generation of GPUs for AI compute. We expect, once the upgrade is complete, this facility can operate a GPU cloud of up to 5,000 next generation GPUs for AI compute." Aydin Kilic, President and CEO of HIVE, stated, "We enthusiastically take this next step forward to drive value for HIVE shareholders through BUZZ HPC. Craig Tavares has hit the ground running and is accelerating our vision to position HIVE and BUZZ HPC as leaders in Canada's high-performance computing data center industry. His deep expertise and leadership are helping us seize this opportunity to build sovereign, Tier 3 liquid-cooled infrastructure that will power the next generation of AI and HPC workloads. With Craig at the helm of BUZZ HPC and the proven skill set of our team, we are confident in our ability to innovate and scale." About HIVE Digital Technologies Ltd. Founded in 2017 as the first publicly-traded crypto miner on the TSX Venture Exchange, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure powered exclusively by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and Branding Frank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the data center facility located in Toronto, Canada on the terms as announced or at all, its potential, the timing of it becoming operational; business goals and objectives of the Company; the results of operations; the acquisition, deployment and optimization of the mining fleet and equipment, and their efficiency and aggregate computational power; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to complete the configure the facility in Toronto, Canada on an economic and timely basis and achieve the desired operational performance; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit
Bloomberg
an hour ago
- Bloomberg
Baring's Bryan High on Adjusting to Volatility: Credit Crunch
'If you were a client that was focused on North America, you're probably picking your head up a little bit and saying, what else do you have away from North America that could be interesting?', according to Bryan High, Head of Barings' Global Private Finance Group. Bryan joined Bloomberg Intelligence's Noel Hebert on the latest episode of the Credit Crunch podcast to talk about the benefits of global platform amid uncertainty, when secondaries make sense, where the growth is in private credit and managing for effective leverage. We talk about being with a borrower through it's life cycle, finding structures for less-conventional opportunities, and much more. The Credit Crunch podcast is part of BI's FICC Focus series.
