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Saudi media publishes 14-point memorandum of understanding terms between the US and Iran

Saudi Al Arabiya TV has published the terms of the 14-point memorandum of understanding between Iran and the US, providing more details than the version released by Iran's Mehr News Agency:1. Iran and the US, along with its allies in the current war, declare an immediate and permanent end to the war on all fronts, including Lebanon, upon the signing of this memorandum of understanding. They commit to refraining from any hostile actions against each other from now on, and to not threaten or use force against one another. The final agreement will confirm the provisions of this article and other clauses.(Permanent and immediate cessation of war on all fronts, including Lebanon.)2. Iran and the US commit to respecting each other's sovereignty and territorial integrity, and commit to non-interference in each other's internal affairs.(The US commits to non-interference in Iran's internal affairs and respects Iran's sovereignty.)3. Iran and the US commit to negotiating and reaching a final agreement within a maximum period of 60 days, which can be extended by mutual consent.(This clause is not included in the version released by Iranian media.)4. Upon the signing of this memorandum, the US will immediately lift the maritime blockade against Iran, preventing any interference or obstruction, and will restore Iran's full shipping capacity within a maximum of 30 days; the volume of vessel traffic should be proportional to pre-war levels. The US also commits to withdrawing its forces from the surrounding region within 30 days of the final agreement being reached.(Complete lifting of the maritime blockade against Iran within 30 days.)(The US commits to withdrawing its forces from around Iran.)5. Upon signing this memorandum, Iran will immediately take measures to ensure the resumption of commercial shipping from the Persian Gulf to the Sea of Oman to pre-war levels within 30 days, while taking into account Iran's need to clear technical obstacles and neutralize naval mines.(Under Iran's arrangement, the Strait of Hormuz will be reopened within 30 days.)6. The US will work with regional partners to develop a comprehensive plan, agreed upon by both parties, for the reconstruction and development of Iran, ensuring the provision of at least $300 billion in financial support. The implementation mechanism for this plan will be established within 60 days within the framework of the final agreement.(The US and its allies must provide Iran with a reconstruction plan worth at least $300 billion.)7. The US commits to terminating all types of sanctions currently in effect against Iran, including those from UN Security Council resolutions, International Atomic Energy Agency (IAEA) Board of Governors resolutions, and all primary and secondary sanctions unilaterally imposed by the US, within a timeframe agreed upon in the final agreement.(Reach a final agreement on the nuclear issue within 60 days, and fully lift all major and secondary US sanctions against Iran, as well as

Sharon AI and NVIDIA Reach 6-Year AI Computing Partnership, to Deploy 72MW Data Center with 40,000 GB300 GPUs

Sharon AI Holdings, a Nasdaq-listed company, announced a six-year strategic computing cooperation agreement with NVIDIA to jointly expand AI infrastructure capabilities in Australia.Under the agreement, the two parties will collaborate to build approximately 72MW of data center computing capacity and deploy infrastructure based on the NVIDIA DSX AI Factory architecture. The plan is to gradually scale up to 40,000 Grace Blackwell GB300 GPUs to meet the computing needs of AI startups, enterprise clients, and research institutions.The cooperation model adopts a structure combining revenue generation with credit support: Sharon AI will be responsible for selling cloud services based on NVIDIA's computing power, while NVIDIA, upon receiving hardware and basic product revenue, will also participate in a share of cloud service revenue, forming a sustainable "usage-driven revenue model."Sharon AI stated that this collaboration will significantly enhance its capital efficiency, enabling it to expand AI infrastructure capabilities without relying on traditional heavy-asset financing and accelerate the deployment of "sovereign AI computing power" in Australia. With this partnership, Sharon AI's total AI factory capacity will increase to 132MW, of which approximately 102MW is already contracted by clients. The company expects to deploy over 55,000 NVIDIA GPUs by mid-2027. (Businesswire)

Revolut Plans Secondary Stock Sale, Valuation Could Reach $115 Billion

According to Bloomberg, digital bank Revolut is planning to launch a secondary share sale, with the transaction valued at approximately $11.5 billion. Sources familiar with the matter said the move aims to provide early investors and employees with an avenue to monetize their shares. The formal process could begin as early as this month, though specific details have not yet been finalized, and the company is currently in preliminary discussions with potential investors.

CleanSpark Sold 654 BTC in May, Total Bitcoin Holdings Reach 13,470

Odaily Nasdaq-listed Bitcoin miner CleanSpark released its unaudited operational update for May 2026, disclosing a mining output of 671 BTC in May. However, during the same period, it sold 404 BTC from spot holdings and 250 BTC through option exercises. As of May 31, total Bitcoin holdings reached 13,470 BTC. CleanSpark also announced the appointment of a new Senior Vice President of Finance to strengthen financing capabilities for AI data center projects, aiming to transform into an AI and digital infrastructure platform. (Prnewswire)

GXD Labs and EquitiesFirst Reach Settlement on Celsius Claims, Involving $500 Million Payment

GXD Labs, a digital asset investment and advisory firm, has reached a settlement with global equity financing company EquitiesFirst regarding claims arising from a loan extended to the bankrupt crypto lending platform Celsius Network. Under the settlement agreement, the two parties will complete a total payment of $500 million and dismiss the adversarial litigation and related arbitration proceedings initiated since September 2023.It is reported that GXD Labs established the Blockchain Asset Recovery Investment Consortium (BRIC) in 2023. Subsequently, the organization was appointed by the debtor and the unsecured creditors' committee in the Celsius bankruptcy case as the administrator for complex asset recovery and litigation management. (Businesswire)

Anthropic Discloses Funding Documents: Q2 Revenue Expected to Reach $10.9 Billion, First-Time Operational Profitability

According to a report by WSJ, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in the first quarter, and the company is projected to achieve operational profitability for the first time. However, due to its massive computing power demands, profitability may not be sustained throughout the entire year. The operating profit calculation has already factored in costs for training new models but excludes stock-based compensation expenses.As part of an ongoing funding round, Anthropic disclosed these figures to investors. This funding round is likely to push its valuation above that of OpenAI.Last summer, Anthropic shared financial data with investors, which at the time indicated that the company would not achieve full-year profitability until at least 2028.

Analysis: Model Predicts BTC Could Reach $255,000 This Year; Long-Term Valuation Range Upgraded to $308,000

According to Cointelegraph, Bitcoin has declined approximately 40% from its all-time high in October 2025, yet long-term valuation models indicate substantial upside potential remains. Based on the “Bitcoin Decay Channel” measurement of long-term trends, Bitcoin’s conservative year-end price range has been revised upward to $90,000–$255,000, with the high-end scenario reaching as high as $255,000. This model fits a logarithmic decay trend to historical cycle highs and lows, showing that BTC prices at the peaks of the 2013, 2017, and 2021 cycles all approached the upper channel boundary, while bear market bottoms fell near the lower boundary. Analyst Sminston stated that Bitcoin remains within a historic, long-term upward channel and noted that the price range for 2027 could further expand to $128,000–$308,000.

Anthropic to Raise $50 Billion in Funding, Valuation May Reach $90 Billion

According to the UK’s Financial Times, AI company Anthropic is considering launching a new funding round this summer, with a maximum fundraising target of $50 billion and a pre-money valuation of approximately $900 billion—potentially surpassing OpenAI (valued at $852 billion in March) to become the world’s most highly valued AI company. So far, investment firms including Dragoneer, General Catalyst, and Lightspeed Venture Partners have proactively expressed interest in investing. Sources indicate that Anthropic’s annualized revenue is poised to exceed $45 billion—roughly five times its $9 billion year-end figure from last year. This funding round is expected to close within two months and pave the way for an IPO later this year.

JPMorgan: Strategy's Bitcoin Purchases Could Reach $30 Billion This Year

Strategy (formerly MicroStrategy), led by Michael Saylor, has been accelerating its Bitcoin acquisitions this year. JPMorgan analysts stated that if the current pace continues, the company's total Bitcoin purchases for the year could reach approximately $30 billion. So far this year, Strategy has added 145,834 Bitcoin to its holdings, valued at around $11 billion. Analysis indicates that a significant portion of the company's purchases occurred when Bitcoin was below its average cost of roughly $75,000, reflecting a more "opportunistic" allocation strategy.At the current rate, Strategy's total Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels seen in 2024 and 2025. Analysts noted that the company has re-accelerated its buying since April, suggesting its strategy is becoming more dependent on market conditions and financing availability. Meanwhile, Strategy's stock continues to trade at a premium of approximately 26% to its net asset value (NAV), providing favorable conditions for the company to continue purchasing Bitcoin through equity and debt financing. The company currently holds approximately 818,334 BTC, with a total value exceeding $65 billion. (The Block)

Digital Bank Revolut's IPO Valuation Could Reach Up to $200 Billion

Odaily News: According to sources, UK-based digital bank Revolut plans to seek a valuation between $150 billion and $200 billion in its future IPO, a significant increase from its previous $75 billion valuation. The company's CEO, Nik Storonsky, also revealed that Revolut is preparing for a new round of secondary share sale in the second half of 2026, with a potential valuation exceeding $100 billion. (Financial Times)Previously, Nik Storonsky stated that the company's listing timeline is at least two years away, potentially delayed until 2028 at the earliest, with no immediate IPO plans. He pointed out that Revolut is currently focusing on expanding its presence in the US market, including applying for a banking license to gain access to the Federal Reserve's payment system and expand its lending and credit card businesses. Meanwhile, the company has already obtained a full banking license in the UK.