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BlockBeats News, June 18th, the U.S. federal regulatory agency approved a plan to make it easier for artificial intelligence data centers to connect to the U.S. power grid.

Golden Ten Data reported on June 18 that crude oil futures further widened their decline as market focus shifted to the passage of ships through the Strait of Hormuz following the signing of the US-Iran agreement. Ritterbusch & Associates stated in a report, "The wave of bearish sentiment triggered by the reopening of the strait stands in sharp contrast to the extremely tight supply factors favoring the bulls. This situation could persist until next week." The agency added that it will take time to restore supply levels, "and it is unlikely to reach 50%-60% of pre-war capacity even by August or later." The replenishment of depleted inventories will also drive a significant increase in demand.

The company reported net sales of $178.4 million for the fourth fiscal quarter, surpassing analysts’ expectations of $155.5 million. Adjusted earnings per share (EPS) came in at $0.36. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $30.9 million, compared to $23.5 million for the same period last year, while the market had expected $23.3 million. Adjusted operating income was $21.3 million, above the market’s forecast of $15.4 million. Expand