Playing the role of “smart money,” activist investors provide the market with important signals. Either through bullish investments or reformative push, they can boost stock value.
In Q2 2024 earnings, the company reported $367 million net income, halved from the $683 million in the year-ago quarter. Likewise, Southwest’s operating expenses increased significantly, from $6.2 billion to $6.9 billion in that period. With ample cash in hand, Tether Holdings has previously announced plans to invest ~$500 million across Bitcoin mining operations during 2024. This includes Uruguay, Volcano Energy in El Salvador, ZettaHash, German Northern Data AG and Swan Mining. Bitdeer’s exposure constitutes a $100 million stake as a part of Tether’s strategic Bitcoin investments.
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