CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2025. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at March 31, 2025. Readers should also refer to the “Forward-looking statements” legal advisory and the section regarding “Non-GAAP Measures” at the end of this press release. All financial amounts and measures are expressed in Canadian dollars unless otherwise indicated. Additional information about Calfrac is available on the SEDAR+ website at www.sedarplus.ca, including the Company’s Annual Information Form for the year ended December 31, 2024.
H.C. Wainwright, one of the most prestigious financial firms in the U.S., upgraded Galaxy Digital’s price target to $39.
Mike Novogratz’s Galaxy Digital Holdings is riding high ahead of its uplisting on Nasdaq. On Wednesday, May 14, financial firm H.C. Wainwright reaffirmed its Buy rating on Galaxy Digital, raising its price target from $30 to $39.
The crypto financial services and AI infrastructure firm, owned by billionaire Mike Novogratz, currently trades at $32.09 per share. The decision came despite underwhelming financial results for the first quarter of 2025, when the firm posted a $295 million net loss.
These were, as H.C. Wainwright explained, partially due to challenging macro conditions for crypto firms. However, the financial firm pointed to strong potential for growth in the short term, as well as the upcoming listing on Nasdaq, set for May 16. So far, Galaxy Digital has been listed on the Toronto Stock Exchange.
Galaxy Digital has strong growth potential, analysts state
A listing on a more prestigious exchange is a signal to investors about the prestige and trustworthiness of a company. At the same time, Galaxy Digital will benefit from the fact that it will be available on retail trading apps, including Robinhood and eToro.
What is more, the company is expected to benefit from the expected rebound in crypto assets in the second quarter of 2025. This is both due to the services it offers in the space, as well as its own crypto assets.
“We believe Galaxy’s client-facing digital asset businesses and the company’s large crypto portfolio are poised to benefit from rising prices in 2H25, as the industry benefits from greater regulatory clarity and growing institutional adoption,” H.C. Wainwright.
What is more, Galaxy Digital is expected to earn significant revenue from its AI data centers. For instance, the company has secured a contract with CoreWeave, worth approximately $13 million in revenues for the next 15 years.
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended March 31, 2025 (“Q1 2025”) and an update to its leadership structure.
In a significant move that’s reshaping the cryptocurrency landscape, retail trading giant Robinhood Markets Inc. has announced the acquisition of Canadian crypto firm WonderFi Technologies for approximately $179 million in an all-cash transaction. The deal, which values WonderFi at CA$0.36 per share—a 41% premium over its closing price before the announcement—marks Robinhood’s strategic expansion into the Canadian market.
Strategic Expansion and Market Response
The acquisition has been met with enthusiasm from investors, with Robinhood shares climbing 6.4% to around $61 following the announcement, while WonderFi’s stock on the Toronto Stock Exchange jumped 34% to C$0.24. This positive market response underscores the growing interest in cross-border cryptocurrency consolidation.
Kevin O’Leary, Chairman of O’Leary Ventures and a prominent early investor in WonderFi, expressed excitement about the acquisition during a recent interview, emphasizing the inevitable consolidation in the crypto industry as regulations continue to evolve.
“It’s inevitable as regulators continue to define the crypto industry that scale matters,” O’Leary stated. “This deal is unique. I’ve had a premise in terms of investing in crypto for quite a few years now that not only do you want to own the tokens—Bitcoin, Ethereum, etc.—but you should also own the infrastructure.”
Cross-Border Trading Transformation
O’Leary highlighted one of the most significant advantages of this acquisition: the potential transformation of cross-border trading between the United States and Canada. He pointed out that current foreign exchange services are outdated and expensive, creating pain points for businesses that operate in both countries.
“My biggest pain point is with FX currency when I have to transfer USD or Canadian back and forth. It’s brutal. The wire and Fed wire services are 60 years old, they’re so archaic and they’re really expensive and slow,” O’Leary explained. “But if I had an account at Robin Hood Canada and one in Robin Hood US, I’ll just transfer USDC in one second at practically no cost.”
This capability could disrupt the multi-trillion-dollar foreign exchange market, potentially challenging traditional banking systems. O’Leary suggests banks should take notice of Robinhood’s move, especially with the anticipated approval of stablecoin regulations.
Integration and Product Vision
The acquisition includes WonderFi’s Bitbuy and Coinsquare platforms, furthering Robinhood’s mission to make cryptocurrency accessible to more users. Dean Skurka, WonderFi’s President and CEO, emphasized the alignment between the two companies.
“WonderFi and Robinhood are united in our visions of making crypto accessible and bringing more people into the crypto space. We’re delighted to be joining the Robinhood team and to super-charge our product offerings for customers,” Skurka said.
Johann Kerbrat, SVP and GM of Robinhood Crypto, echoed this sentiment, stating, “WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada.”
Regulatory Outlook
The deal comes at a time when cryptocurrency regulations are evolving. O’Leary expressed optimism about the future of stablecoin legislation, referring to the “genius act” or stablecoin bill currently under consideration. He believes this legislation will be crucial in establishing the US dollar as the world’s digital payment system.
“It finally defines the US dollar as the world’s payment system, and that’s important because most commodities around the world, whether it be oil or gold, are priced in US dollars,” O’Leary explained.
The acquisition, subject to regulatory approval, is expected to close by mid-2025, with WonderFi planning to continue operations on its products after the closure. This move not only strengthens Robinhood’s position in the cryptocurrency market but also signals a potential shift in how cross-border financial transactions might be conducted in the future.
MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) is pleased to report its results for the first quarter of 2025.
The US Department of the Interior has announced it will expedite the permitting review of Anfield Energy’s Velvet-Wood mine in Utah under newly established emergency procedures, with a completion timeline of 14 days for an accelerated environmental review by the Bureau of Land Management.
Doug Burgum pictured on his first day in office in February (Image: US Department of the Interior)
The accelerated review is part of a strategic response to the national energy emergency declared by President Donald Trump in January, the department said, and is expected to “significantly contribute to meeting urgent energy demands” as well as addressing national energy security concerns. Velvet-Wood is the first uranium project to be prioritised under the emergency procedures.
“The expedited mining project review represents exactly the kind of decisive action we need to secure our energy future,” said Secretary of the Interior Doug Burgum. “By cutting needless delays, we’re supporting good-paying American jobs while strengthening our national security and putting the country on a path to true energy independence.”
Anfield acquired the Velvet-Wood uranium and vanadium mine from Uranium One in 2015. Some 4 million pounds U3O8 (1539 tU) – as well as 5 million pounds of V2O5 – were recovered from the Velvet deposit between 1979 and 1984 by previous owner Atlas Minerals. The combined Velvet and Wood historical mines are currently estimated to contain 4.6 million pounds U3O8 of measured and indicated resources and inferred resources of 552,000 pounds U3O8.
Anfield submitted a Plan of Operation for the mine to the State of Utah and the Bureau of Land Management in May 2024. It is advancing Velvet-Wood towards production-ready status concurrently with the Shootaring Canyon mill. The Plan of Operation includes specific operating actions and controls, reclamation actions, an estimate of reclamation surety based on third-party costs and technical bases for how the actions meet state and federal regulatory requirements.
Anfield CEO Corey Dias said the company was pleased that Velvet-Wood had been selected for expedited permitting. “As a past-producing uranium and vanadium mine with a small environmental footprint, Velvet-Wood is well-suited for this accelerated review,” he said. “This marks a major milestone for Anfield as we look to play a meaningful role in rebuilding America’s domestic uranium and vanadium supply chain and reducing reliance on imports from Russia and China.”
Anfield is listed on the TSX Venture Exchange, the OTCQB Marketplace and the Frankfurt Stock Exchange, and is also currently pursuing a NASDAQ listing.
Online stockbroker and trading giant Robinhood Markets Inc. announced today it has agreed to acquire WonderFi Technologies Inc., a Canadian digital asset and cryptocurrency trading firm for CA$250M, or $179 million, in an all-cash deal.
Founded in 2021, WonderFi operates two of Canada’s largest regulated crypto trading platforms, BitBuy and Coinsquare. Together, they handle over CA$2.1 billion in assets under custody.
The deal values WonderFi’s shares at around CA$0.36 each, a 41% premium to their closing on May 12 on the Toronto Stock Exchange, and a premium of 71% compared to the 30-day volume-weighted average trading price.
Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, said the company looks forward to working with WonderFi and serving Canadian customers by delivering crypto-centric products. “WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada,” said Kerbrat.
This move represents Robinhood’s continued efforts to expand its cryptocurrency services globally with its Robinhood Crypto trading capabilities, which allow users to buy and sell crypto assets like they can stocks.
Robinhood added crypto trading for United States customers to its platform during a slow rollout in 2018, beginning with a small number of cryptocurrencies and expanding to more than 30 crypto assets, including bitcoin and Ethereum. In 2024, the company agreed to acquire Bitstamp Ltd. for $200 million. Bitstamp is a notable crypto exchange with global reach; the company holds more than 50 licenses and registrations globally, facilitating expansion into new markets like the United Kingdom, the European Union and Asia.
According to the company, WonderFi will continue to operate its product after the acquisition closes and its leadership team will stay on as part of Robinhood Crypto. Robinhood has an established Canadian headquarters in Toronto in 2024 that will serve as a hub for the new partnership.
The acquisition is expected to close in the second half of 2025, subject to regulatory approval, closing conditions and approval by WonderFi’s shareholders.
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