New Fortress Energy Stock Surges 20% After-Hours on Credit Extension

Published at 2025-11-21 12:00:09

New Fortress Energy (NFE) shares rallied roughly 20% in after-hours trading after the company said it had extended its credit facilities to March 2026 and eliminated certain liquidity covenants. The announcement, made Friday, reduces immediate covenant pressure and gives the company additional runway as it continues negotiating and implementing a broader restructuring plan.

Market participants said the extension materially lowers near-term refinancing and default risk, which likely drove the swift price reaction. While the move does not eliminate longer-term obligations, it provides breathing room for management and creditors to reach agreements; investors will be watching upcoming restructuring milestones, creditor votes and any updated guidance for the next catalysts.

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Nvidia posted record Q3 revenue, easing fears of an AI bubble and triggering a broad risk-on move that lifted tech shares and major cryptocurrencies.

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Published at 2025-11-20 01:45:26

Russia Launches Energy-Monitoring System to Hunt Illegal Crypto Miners

Russian authorities have rolled out a new energy-consumption monitoring system combined with anonymous public tips to locate illicit crypto mining operations, leading to the seizure of a large underground facility in western Russia.

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Published at 2025-11-19 15:16:57

Druckenmiller Buys $77M Stake in Figure, Shares Jump on HELOC and Stablecoin Plans

Figure shares climbed 15% after billionaire Stanley Druckenmiller disclosed a $77 million stake, prompting analysts to raise targets on optimism about its capital-light HELOC platform and stablecoin push.

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Published at 2025-11-18 12:15:15

Americans Embrace Bitcoin Mining to Heat Homes This Winter

Homeowners and businesses across the U.S. are redirecting excess heat from Bitcoin mining rigs to warm buildings and cut winter energy bills. The shift improves mining economics but raises questions about grid impact and net emissions.

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Published at 2025-11-16 14:30:11

Russia Imposes Winter Crypto Mining Ban in Buryatia and Transbaikal

Russian authorities have reintroduced a temporary ban on cryptocurrency mining in Buryatia and Transbaikal, effective through the winter and lasting until spring to curb electricity shortages during peak demand. The move is widely viewed as negative for miners and the broader crypto sector.