Latest news with #Gagnon
Yahoo
a day ago
- Business
- Yahoo
Crypto ETFs in Focus as Bitcoin Mining Boosts AI Infrastructure
As artificial intelligence (AI) reshapes the digital economy, high-performance computing (HPC) is proving essential to meeting the surging demand for computational power. Bitfarms, a Bitcoin mining company, is positioning itself at the intersection of AI and energy infrastructure. In a recent interview, Ben Gagnon, CEO of Bitfarms, shared insights on how the company is expanding its capabilities beyond crypto mining to support AI workloads, particularly amid growing energy demands. Historically, Bitfarms focused on building data centers tailored for Bitcoin mining. However, as Gagnon noted, the economics of the data center business — particularly in the AI space — are significantly more attractive. "Most Bitcoin mining companies trade at a three to five times multiple," he explained, "whereas data center companies can trade at 20 to 30 times due to their contracted, long-term revenue certainty," as quoted on Yahoo Finance. This difference in valuation is driving companies like Bitfarms to evolve, capitalizing on their existing infrastructure and expertise to enter the rapidly growing HPC and AI markets. Gagnon emphasized that as NVIDIA continues to expand GPU sales, the need for infrastructure — the power and space to support those chips — will rise remarkably. While traditional data center firms have built large portfolios of small sites, Bitcoin miners have done the opposite: small portfolios of massive, power-dense facilities. That scale, Gagnon argued, is exactly what's needed for tomorrow's AI demands. Gagnon drew parallels between NVIDIA's technological leadership and the broader industry's growth trajectory. He noted that NVIDIA was a critical player during the early days of crypto, and that the broader industry followed its lead with a lag. He pointed to the launch of ChatGPT as a turning point in public understanding and adoption of AI. Before then, HPC and AI felt abstract to most. The launch of ChatGPT is almost like a gold rush in AI innovations. As AI continues its relentless expansion, companies like Bitfarms are uniquely positioned to meet the demand, not just with physical infrastructure, but with an understanding of energy-intensive computing. iShares Bitcoin Trust ETF IBIT, Fidelity Wise Origin Bitcoin Fund FBTC and First Trust SkyBridge Crypto Ind and Digi Econ ETF CRPT are some of the ETFs that come under the spotlight against the above developments. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
5 days ago
- Sport
- Winnipeg Free Press
Gagnon, Reaugh named to Hockey Hall of Fame media wing
TORONTO – François Gagnon and Daryl Reaugh are this year's inductees into the media wing of the Hockey Hall of Fame. Gagnon will receive the Elmer Ferguson Memorial Award for excellence in hockey journalism. Reaugh earns the Foster Hewitt Memorial Award for outstanding contributions as a broadcaster. Gagnon has covered the Montreal Canadiens for over three decades with RDS, La Presse and others. Reaugh, a former goaltender with the Edmonton Oilers and Hartford Whalers, has spent 28 seasons as the Dallas Stars' television colour analyst and worked on national NHL broadcasts. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. They'll be honoured Nov. 10 at the Hall's media awards luncheon in Toronto. This year's Hall of Fame inductees will be announced June 24. This report by The Canadian Press was first published May 30, 2025.
Yahoo
5 days ago
- Entertainment
- Yahoo
Gagnon, Reaugh named to Hockey Hall of Fame media wing
TORONTO — François Gagnon and Daryl Reaugh are this year's inductees into the media wing of the Hockey Hall of Fame. Gagnon will receive the Elmer Ferguson Memorial Award for excellence in hockey journalism. Advertisement Reaugh earns the Foster Hewitt Memorial Award for outstanding contributions as a broadcaster. Gagnon has covered the Montreal Canadiens for over three decades with RDS, La Presse and others. Reaugh, a former goaltender with the Edmonton Oilers and Hartford Whalers, has spent 28 seasons as the Dallas Stars' television colour analyst and worked on national NHL broadcasts. They'll be honoured Nov. 10 at the Hall's media awards luncheon in Toronto. This year's Hall of Fame inductees will be announced June 24. This report by The Canadian Press was first published May 30, 2025. The Canadian Press
Winnipeg Free Press
20-05-2025
- Sport
- Winnipeg Free Press
Nicolas Gagnon named set-piece coach for Canadian men's soccer team
Canada coach Jesse Marsch has added set-piece coach Nicolas Gagnon to his staff. Gagnon most recently worked in England for Southampton, which is headed back to England's second-tier Championship after a season in the Premier League. Gagnon, who attended the University of Sherbrooke, worked for CF Montreal from 2012 to 2021, working with the academy and coaching the under-17 team before finishing his time there as coach of the club's reserve side. He then set up his own set-piece consulting service. In late 2023, he spent four months as set piece coach for Turkey's second-division side Goztepe, leaving the job early because of a family matter back home. When he was ready to return, club owner Sport Republic offered him a job instead at Southampton, which it also owned, in October 2024. Before joining Montreal, Gagnon was an educator with the Regional Associations of Richelieu-Yamaska, the South Shore and the Eastern Townships programs. Gagnon joins Mauro Biello, Ewan Sharp and Pierre Barrieu as permanent members of Marsch's staff. Paolo Ceccarelli serves as part-time goalkeeper coach with Marsch bringing in a variety of guest coaches, from former striker Dwayne De Rosario and Halifax Wanderers coach Patrice Gheisar to Canadian women's coach Casey Stoney, for camps. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. — This report by The Canadian Press was first published May 20, 2025.
Boston Globe
20-05-2025
- Politics
- Boston Globe
Programs to support N.H.'s neediest students in jeopardy because of Trump administration's proposed cuts
Advertisement 'Higher education is somewhat in chaos right now,' Catherine Provencher, chancellor of the University System of New Hampshire, said during the discussion. Get N.H. Morning Report A weekday newsletter delivering the N.H. news you need to know right to your inbox. Enter Email Sign Up Joshua Gagnon, director of the Upward Bound program at UNH, said the program still hasn't received funding for the summer, and without it, the university will be unable to move forward with the program. About $591,000 was budgeted for the program this year. 'As of midnight on May 31, I don't have any funding,' he said in an interview after the discussion. There are a total of 114 students in the yearlong program who would not be able to participate, Gagnon said, and there are also four full-time staff people whose jobs could be on the line. Senator Maggie Hassan and Congresswoman Maggie Goodlander participated in a discussion with educators and school officials at Manchester Community College on Monday about the impact closing the US Department of Education would have on New Hampshire. Amanda Gokee/Globe Staff Mostly, he's concerned about the consequences for the first-generation and low-income students the program supports. It's one of 10 so-called federal TRIO programs around New Hampshire, first established by Congress in 1965 to help low-income students. Gagnon said President Trump has made budget proposals that would eliminate all of the TRIO programs. Advertisement Right now, they serve about 2,280 students in New Hampshire per year, helping to connect students to tutoring, counseling, mentoring and financial guidance. 'We do a good job supporting these students because these programs exist,' Gagnon said. Erika Schofield, 25, is now working as a nurse after obtaining her nursing degree from UNH with the support of TRIO. 'If it wasn't for the support of TRIO, I don't think I would be a nurse right now,' she said. As a first-generation college student, she said money for school was tight: Her father had substance use disorder, and she was raised by a single mom who supported two children with a waitressing job. 'There were a lot of moments where I didn't even know I was going to be able to go to school the next week, let alone finish my degree,' she said. At times, she said, 'It felt insurmountable.' Facing the cost of lab fees, uniforms, and stethoscopes, she credited TRIO with helping her find the scholarships to make ends meet. Schofield finished her degree in 2022, and she now works at Wentworth-Douglass Hospital in Dover, a job that enables her to provide for her family, she said. 'It makes me sad to think that kids growing up with backgrounds like I had might not have that opportunity if TRIO was cut,' she said. While the funding for TRIO has already been approved and appropriated by Congress, it hasn't necessarily been distributed. Advertisement 'Many of us believe this is a violation of federal law, which says, once Congress appropriates money and directs it to be spent, that the administration has to spend it,' Hassan said during the panel discussion Monday. But, she added, the Office of Budget and Management director, Russell Vought, 'told me he just doesn't believe he has to follow that law. And so that's our challenge.' Hassan said some states with Democratic Attorney Generals have had success in court shaking loose some of the funds, but New Hampshire is not among them. Amanda Gokee can be reached at
