In an increasingly eco-conscious global market, Carbonxt makes a compelling investment case, leveraging a growing addressable market driven by regulatory changes and strategic partnerships. This addressable market is anticipated to grow substantially with the introduction of new regulations targeting PFAS and other environmental contaminants.
Activated carbon, derived from materials like coconut husks and coal, is a critical tool for filtering contaminants from air and water. Its effectiveness comes from a unique oxidation process that creates a vast network of microscopic pores, dramatically increasing surface area. This versatility makes activated carbon essential across industries, including healthcare, agriculture, oil and gas, and food processing.
For large-scale industrial applications, activated carbon is available in powdered, pellet, and granular forms, with prices ranging from US$2,000 to US$6,000 per tonne—presenting a significant market opportunity.
Carbonxt Group (ASX:CG1) is positioned to capitalize on this demand. As an innovative manufacturer of custom activated carbon, Carbonxt has expanded its reach through a partnership with US-based Kentucky Carbon Processing, forming the joint venture NewCarbon. This partnership enhances Carbonxt’s market potential and strengthens its gross margins.
A key driver of Carbonxt’s growth is its new Inez Power Activated Carbon Plant in Kentucky, which focuses on water treatment—a sector set for transformation due to new US regulations targeting PFAS contamination. PFAS, so-called "forever chemicals," persist in water, soil and even human bodies, with links to serious health issues like cancer, thyroid disease and developmental disorders.
The EPA’s Clean Water Act and the Bipartisan Infrastructure Deal allocate $10 billion to combat PFAS pollution, forcing water utilities to upgrade their filtration systems. Carbonxt’s specialized activated carbon solutions are designed to meet this demand. Through NewCarbon, the company is repurposing a waste-to-energy plant into an advanced activated carbon facility, significantly expanding its production capacity.
With 50,000 water utilities across the US accounting for half the granular activated carbon market, Carbonxt is strategically positioned to challenge industry incumbents and reshape the sector.
In addition to the Kentucky facility, Carbonxt has two more production facilities in the US: the Black Birch Powdered Activated Carbon Facility in Georgia and the Arden Hills Pelletization Plant in Minnesota. These facilities have a combined current total capacity of 13,500 tons per annum. The company plans to expand this capacity to 43,500 tonnes per annum by 2027.
Carbonxt designs specialized activated carbon products for its customers, which consist primarily of industrial sector organizations and power utilities. Available in pellet and powder form, the company's oxidizing, non-brominated activated carbons are non-corrosive and designed to remain efficient throughout their entire lifecycle. Although Carbonxt’s origin and listing is in Australia, its products are manufactured and distributed exclusively within the United States.
Carbonxt is currently focused on developing an activated carbon manufacturing facility in Kentucky, the result of a joint partnership with Kentucky Carbon Processing. Once this facility is operational, water utility companies are expected to form a much larger part of its customer base. The facility is also expected to re-invigorate the company's industrial pellet market sales.
Highlights:
Carbonxt operates three U.S.-based production facilities, each specializing in a key segment of the activated carbon market.
Inez Power Activated Carbon Plant (Kentucky) – The newest and most advanced facility, producing 6,000 tons annually (expanding to 10,000 tons). Designed for granular and pelletized activated carbon, this plant boasts a 99 percent PFOA removal rate, positioning Carbonxt for dominance in PFAS removal and the liquid-phase filtration market—which is twice the size of the air-phase market.
Black Birch Powdered Activated Carbon Facility (Georgia) – Produces 6,000 tons annually (expanding to 10,000 tons), specializing in wood-based powdered activated carbon for industrial applications, including MatsPAC, AquaPAC and CEMPAC product lines.
Arden Hills Pelletization Plant (Minnesota) – Focuses on pelletized wood and lignite carbons, primarily for mercury removal and emissions control. Currently producing 7,500 tons, with key products NAQ-ACP and CTC-ACP.
Dr. David Mazyck is a world-leading expert on activated carbon (AC) and its applications including mercury capture. He has developed AC products for major multinational AC manufacturers and has regularly consulted them on technical issues. Mazyck is the former chairman of the Activated Carbon Standards Committee for the American Waterworks Association and has developed products for NASA.
He received his PhD in environmental engineering from Penn State University, where he also earned a PhD minor in fuel science.
Matthew Driscoll has significant experience across several industries, including online technologies, financial services, fintech, cleantech, property and resources. He has more than 30 years’ experience in capital markets and the financial services industry and is an accomplished company director in roles across listed and private companies.
He has significant experience in international business growth, mergers and acquisitions, equity and debt raisings and building strategic alliances. His current directorships include NED Energy Technologies, NED Blina Minerals, NED Eco Systems, and NED Smoke Alarms Holdings.
Warren Murphy has led a large number of acquisitions and financings across the energy, resources and infrastructure sectors. This includes the development of over 2,000 MW of Greenfields power stations and the acquisition of over 3,000 MW of generation assets.
He was co-head of the Australian Infrastructure & Project Finance Group and Head of Energy at Babcock & Brown based in the Sydney office and led the development of Babcock & Brown’s energy sector capability in Australia and New Zealand, including the founding of Infigen Energy and its unlisted predecessor, Global Wind Partner, where he served as a director from inception until June 2009.
Murphy was also a director of the ASX-listed Alinta and Sydney Gas, as well as the unlisted Coogee Resources.
Imtiaz Kathawalla was a vice-president at NYSE-listed Cabot Corporation, a global specialty chemical company where he had a 27-year career. Kathawalla's most recent position with Cabot Corporation was as general manager of Cabot's purification solutions division. He ran the group's US$300-million global activated carbon business where he oversaw a material increase in EBITDA before managing the sale of the business to a large private equity group.
Nicholas Andrews has held the role of executive chairman and CEO at Magontec (ASX:MGL), an established business in the global magnesium sector. He is a member of the executive committee and serves on the board of the International Magnesium Association. Prior to his executive career, Andrews held several senior roles in the financial services sector across both investment management and investment banking.
Purpose-built advanced carbon for healthier communities
(TheNewswire)
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Edmonton, Alberta May 8, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the Bitcoin Well points store, an expansion to the existing rewards program.
Currently, Bitcoin Well customers are able to redeem their Bitcoin Well points and "toss a coin" into the Bitcoin (Wishing) Well. This retro-themed game allows our customers to win up to 1,000,000 sats (0.001 bitcoin) with every "coin toss". Last month, Bitcoin Well customers played the rewards game nearly 2,000 times and won over 3,000,000 sats.
Now, over and above choosing to spend Bitcoin Well points to win free bitcoin, Bitcoin Well customers can spend their points for exclusive bitcoin merchandise. As of today, the catalog includes:
Stamp Seed Titanium plate for securing bitcoin private keys
Exclusive Leathermint Wallet - Bitcoin Well exclusive 3-card wallet + money clip
Simply Bitcoin Hoodie
Tesla Cybertruck
Bitcoin Well has a list of collaborations and exclusive merchandise that will empower our target customer's bitcoin journey. These collaborations will range from wearable merchandise, hardware wallets, educational games and more. The Company expects to release more products every few weeks for the remainder of the year.
For more information about the Bitcoin Well points store, please visit the Rewards page in your Bitcoin Well account.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact Adam O'Brien:
Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
AMD (NASDAQ: AMD) will hold its Annual Meeting of Stockholders on Wednesday, May 14, 2025 at 9 a.m. PDT as a virtual meeting accessible at https:www.virtualshareholdermeeting.comAMD2025 . Forward-looking and other material information may be discussed during the meeting.
The matters to be voted on at the meeting are in AMD's 2025 Proxy Statement filed with the U.S. Securities and Exchange Commission. The Proxy Statement and AMD's Annual Report on Form 10-K can be accessed at ir.amd.com .
The real-time audio webcast of the meeting will be available at https://www.virtualshareholdermeeting.com/AMD2025 . A replay of the audio webcast can be accessed at ir.amd.com approximately 24 hours after the conclusion of the live event and will be available for up to one year after the meeting.
About AMD
For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn , Facebook and X pages.
AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
Contact
Phil Hughes
AMD Communications
512-865-9697
phil.hughes@amd.com
Liz Stine
AMD Investor Relations
(720) 652-3965
liz.stine@amd.com
News Provided by GlobeNewswire via QuoteMedia
AMD (NASDAQ:AMD) today announced financial results for the first quarter of 2025. First quarter revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million and diluted earnings per share was $0.44. On a non-GAAP ( *) basis, gross margin was 54%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $0.96.
"We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum," said Dr. Lisa Su, AMD chair and CEO. "Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated product portfolio and consistent execution positioning us well for strong growth in 2025."
"We grew first quarter revenue 36% year-over-year and delivered significant earnings leverage as our business gains scale," said AMD EVP, CFO and Treasurer Jean Hu. "We continue to invest in R&D and go-to-market initiatives, positioning the company for long-term growth and value creation for our shareholders."
GAAP Quarterly Financial Results
| Q1 2025 | Q1 2024 | Y/Y | Q4 2024 | Q/Q | |
| Revenue ($M) | $7,438 | $5,473 | Up 36% | $7,658 | Down 3% |
| Gross profit ($M) | $3,736 | $2,560 | Up 46% | $3,882 | Down 4% |
| Gross margin | 50% | 47% | Up 3 ppts | 51% | Down 1 ppt |
| Operating expenses ($M) | $2,930 | $2,524 | Up 16% | $3,011 | Down 3% |
| Operating income ($M) | $806 | $36 | Up 2,139% | $871 | Down 7% |
| Operating margin | 11% | 1% | Up 10 ppts | 11% | Flat |
| Net income ($M) | $709 | $123 | Up 476% | $482 | Up 47% |
| Diluted earnings per share | $0.44 | $0.07 | Up 529% | $0.29 | Up 52% |
Non-GAAP(*) Quarterly Financial Results
| Q1 2025 | Q1 2024 | Y/Y | Q4 2024 | Q/Q | |
| Revenue ($M) | $7,438 | $5,473 | Up 36% | $7,658 | Down 3% |
| Gross profit ($M) | $3,992 | $2,861 | Up 40% | $4,140 | Down 4% |
| Gross margin | 54% | 52% | Up 2 ppts | 54% | Flat |
| Operating expenses ($M) | $2,213 | $1,728 | Up 28% | $2,114 | Up 5% |
| Operating income ($M) | $1,779 | $1,133 | Up 57% | $2,026 | Down 12% |
| Operating margin | 24% | 21% | Up 3 ppts | 26% | Down 2 ppts |
| Net income ($M) | $1,566 | $1,013 | Up 55% | $1,777 | Down 12% |
| Diluted earnings per share | $0.96 | $0.62 | Up 55% | $1.09 | Down 12% |
Segment Summary
Recent PR Highlights
Current Outlook
AMD's outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Cautionary Statement" below.
For the second quarter of 2025, AMD expects revenue to be approximately $7.4 billion, plus or minus $300 million. Non-GAAP gross margin is estimated to be 43% inclusive of approximately $800 million in charges for inventory and related reserves due to the new export controls as previously disclosed in AMD's Current Report on Form 8-K filed on April 16, 2025. Excluding this charge, non-GAAP gross margin would be approximately 54%.
AMD Teleconference
AMD will hold a conference call at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its first quarter 2025 financial earnings results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com .
| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||||||
| (in millions, except per share data) (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| March 29, 2025 | December 28, 2024 | March 30, 2024 | ||||||||||
| GAAP gross profit | $ | 3,736 | $ | 3,882 | $ | 2,560 | ||||||
| GAAP gross margin | 50 | % | 51 | % | 47 | % | ||||||
| Stock-based compensation | 5 | 6 | 6 | |||||||||
| Amortization of acquisition-related intangibles | 251 | 252 | 230 | |||||||||
| Inventory loss at contract manufacturer (2) | — | — | 65 | |||||||||
| Non-GAAP gross profit | $ | 3,992 | $ | 4,140 | $ | 2,861 | ||||||
| Non-GAAP gross margin | 54 | % | 54 | % | 52 | % | ||||||
| GAAP operating expenses (4) | $ | 2,930 | $ | 3,011 | $ | 2,524 | ||||||
| GAAP operating expenses/revenue % | 39 | % | 39 | % | 46 | % | ||||||
| Stock-based compensation | 359 | 333 | 365 | |||||||||
| Amortization of acquisition-related intangibles | 316 | 332 | 392 | |||||||||
| Acquisition-related and other costs (1) | 42 | 46 | 39 | |||||||||
| Restructuring charges (3) | — | 186 | — | |||||||||
| Non-GAAP operating expenses (4) | $ | 2,213 | $ | 2,114 | $ | 1,728 | ||||||
| Non-GAAP operating expenses/revenue % | 30 | % | 28 | % | 32 | % | ||||||
| GAAP operating income | $ | 806 | $ | 871 | $ | 36 | ||||||
| GAAP operating margin | 11 | % | 11 | % | 1 | % | ||||||
| Stock-based compensation | 364 | 339 | 371 | |||||||||
| Amortization of acquisition-related intangibles | 567 | 584 | 622 | |||||||||
| Acquisition-related and other costs (1) | 42 | 46 | 39 | |||||||||
| Inventory loss at contract manufacturer (2) | — | — | 65 | |||||||||
| Restructuring charges (3) | — | 186 | — | |||||||||
| Non-GAAP operating income | $ | 1,779 | $ | 2,026 | $ | 1,133 | ||||||
| Non-GAAP operating margin | 24 | % | 26 | % | 21 | % | ||||||
| Three Months Ended | ||||||||||||||||||||||||
| March 29, 2025 | December 28, 2024 | March 30, 2024 | ||||||||||||||||||||||
| GAAP net income / earnings per share | $ | 709 | $ | 0.44 | $ | 482 | $ | 0.29 | $ | 123 | $ | 0.07 | ||||||||||||
| (Gains) losses on equity investments, net | 2 | — | — | — | 3 | — | ||||||||||||||||||
| Stock-based compensation | 364 | 0.22 | 339 | 0.21 | 371 | 0.23 | ||||||||||||||||||
| Equity income in investee | (7 | ) | — | (12 | ) | (0.01 | ) | (7 | ) | — | ||||||||||||||
| Amortization of acquisition-related intangibles | 567 | 0.35 | 584 | 0.36 | 622 | 0.38 | ||||||||||||||||||
| Acquisition-related and other costs (1) | 42 | 0.03 | 46 | 0.03 | 39 | 0.02 | ||||||||||||||||||
| Inventory loss at contract manufacturer (2) | — | — | — | — | 65 | 0.04 | ||||||||||||||||||
| Restructuring charges (3) | — | — | 186 | 0.11 | — | — | ||||||||||||||||||
| Income tax provision | (111 | ) | (0.08 | ) | 152 | 0.10 | (203 | ) | (0.12 | ) | ||||||||||||||
| Non-GAAP net income / earnings per share | $ | 1,566 | $ | 0.96 | $ | 1,777 | $ | 1.09 | $ | 1,013 | $ | 0.62 | ||||||||||||
(1) Acquisition-related and other costs primarily include transaction costs, purchase price fair value adjustments, certain compensation charges, contract termination costs and workforce rebalancing charges.
(2) Inventory loss at contract manufacturer is related to an incident at a third-party contract manufacturing facility.
(3) Restructuring charges are related to the 2024 Restructuring Plan which comprised of employee severance charges and non-cash asset impairments.
(4) Effective first quarter of 2025, licensing gain amounts were reclassified against Marketing, general and administrative expenses as the amounts were immaterial.
About AMD
For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn and X pages.
Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as, the features, functionality, performance, availability, timing and expected benefits of future AMD products; AMD's ability to deliver strong growth in 2025 based on AMD's differentiated product portfolio and consistent execution; AMD's ability to position itself for long-term growth and value creation; potential benefits of the acquisition of ZT Systems, including the data center AI accelerator opportunity in 2028; AMD's expected second quarter 2025 financial outlook, including revenue and non-GAAP gross margin; and the expected impact of the new export licensing requirement on AMD, including on its revenues, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: impact of government actions and regulations such as export regulations, tariffs and trade protection measures, and licensing requirements; Intel Corporation's dominance of the microprocessor market and its aggressive business practices; Nvidia's dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD's products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD's ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD's products; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD's products; AMD's reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMD's products; AMD's reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD's internal business processes and information systems; compatibility of AMD's products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD's ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD's business; AMD's ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD's notes, the guarantees of Xilinx's notes, the revolving credit agreement and the ZT Systems credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD's business and AMD's ability to integrate acquired businesses, including ZT Systems; AMD's ability to sell the ZT Systems manufacturing business;Â impact of any impairment of the combined company's assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD's ability to attract and retain qualified personnel; and AMD's stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange Commission filings, including but not limited to AMD's most recent reports on Forms 10-K and 10-Q.
| (*) | In this earnings press release, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses/revenue%, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income and non-GAAP diluted earnings per share. AMD uses a normalized tax rate in its computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2025, AMD used a non-GAAP tax rate of 13%, which excludes the tax impact of pre-tax non-GAAP adjustments. AMD also provided adjusted EBITDA, free cash flow and free cash flow margin as supplemental non-GAAP measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. AMD is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because AMD believes it assists investors in comparing AMD's performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. The non-GAAP financial measures disclosed in this earnings press release should be viewed in addition to and not as a substitute for or superior to AMD's reported results prepared in accordance with GAAP and should be read only in conjunction with AMD's Consolidated Financial Statements prepared in accordance with GAAP. These non-GAAP financial measures referenced are reconciled to their most directly comparable GAAP financial measures in the data tables in this earnings press release. This earnings press release also contains forward-looking non-GAAP gross margin concerning AMD's financial outlook, which is based on current expectations as of May 6, 2025, and assumptions and beliefs that involve numerous risks and uncertainties. Adjustments to arrive at the GAAP gross margin outlook typically include stock-based compensation, amortization of acquired intangible assets and acquisition-related and other costs. The timing and impact of such adjustments are dependent on future events that are typically uncertain or outside of AMD's control, therefore, a reconciliation to equivalent GAAP measures is not practicable at this time. AMD undertakes no intent or obligation to publicly update or revise its outlook statements as a result of new information, future events or otherwise, except as may be required by law. ©2025 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, 3D V-Cache, Alveo, AMD Instinct, EPYC, FidelityFX, Kria, Radeon, Ryzen, Threadripper, Ultrascale+, Versal, Zynq, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. |
Advanced Micro Devices, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Millions except per share amounts and percentages) (Unaudited)
| Three Months Ended | ||||||||||||
| March 29, 2025 | December 28, 2024 | March 30, 2024 | ||||||||||
| Net revenue | $ | 7,438 | $ | 7,658 | $ | 5,473 | ||||||
| Cost of sales | 3,451 | 3,524 | 2,683 | |||||||||
| Amortization of acquisition-related intangibles | 251 | 252 | 230 | |||||||||
| Total cost of sales | 3,702 | 3,776 | 2,913 | |||||||||
| Gross profit | 3,736 | 3,882 | 2,560 | |||||||||
| Gross margin | 50 | % | 51 | % | 47 | % | ||||||
| Research and development | 1,728 | 1,712 | 1,525 | |||||||||
| Marketing, general and administrative | 886 | 781 | 607 | |||||||||
| Amortization of acquisition-related intangibles | 316 | 332 | 392 | |||||||||
| Restructuring charges | — | 186 | — | |||||||||
| Total operating expenses | 2,930 | 3,011 | 2,524 | |||||||||
| Operating income | 806 | 871 | 36 | |||||||||
| Interest expense | (20 | ) | (19 | ) | (25 | ) | ||||||
| Other income (expense), net | 39 | 37 | 53 | |||||||||
| Income before income taxes and equity income | 825 | 889 | 64 | |||||||||
| Income tax provision (benefit) | 123 | 419 | (52 | ) | ||||||||
| Equity income in investee | 7 | 12 | 7 | |||||||||
| Net income | $ | 709 | $ | 482 | $ | 123 | ||||||
| Earnings per share | ||||||||||||
| Basic | $ | 0.44 | $ | 0.30 | $ | 0.08 | ||||||
| Diluted | $ | 0.44 | $ | 0.29 | $ | 0.07 | ||||||
| Shares used in per share calculation | ||||||||||||
| Basic | 1,620 | 1,623 | 1,617 | |||||||||
| Diluted | 1,626 | 1,634 | 1,639 | |||||||||
Advanced Micro Devices, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Millions)
| March 29, 2025 | December 28, 2024 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 6,049 | $ | 3,787 | ||||
| Short-term investments | 1,261 | 1,345 | ||||||
| Accounts receivable, net | 5,443 | 6,192 | ||||||
| Inventories | 6,416 | 5,734 | ||||||
| Prepaid expenses and other current assets | 2,426 | 1,991 | ||||||
| Total current assets | 21,595 | 19,049 | ||||||
| Property and equipment, net | 1,921 | 1,802 | ||||||
| Goodwill | 24,839 | 24,839 | ||||||
| Acquisition-related intangibles, net | 18,363 | 18,930 | ||||||
| Deferred tax assets | 845 | 688 | ||||||
| Other non-current assets | 3,987 | 3,918 | ||||||
| Total Assets | $ | 71,550 | $ | 69,226 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 2,206 | $ | 2,466 | ||||
| Accrued liabilities | 3,876 | 4,260 | ||||||
| Short-term borrowings | 947 | — | ||||||
| Other current liabilities | 674 | 555 | ||||||
| Total current liabilities | 7,703 | 7,281 | ||||||
| Long-term debt | 3,217 | 1,721 | ||||||
| Long-term operating lease liabilities | 567 | 491 | ||||||
| Deferred tax liabilities | 343 | 349 | ||||||
| Other long-term liabilities | 1,839 | 1,816 | ||||||
| Stockholders' equity: | ||||||||
| Capital stock: | ||||||||
| Common stock, par value $0.01 | 17 | 17 | ||||||
| Additional paid-in capital | 61,730 | 61,362 | ||||||
| Treasury stock, at cost | (6,899 | ) | (6,106 | ) | ||||
| Retained earnings | 3,073 | 2,364 | ||||||
| Accumulated other comprehensive loss | (40 | ) | (69 | ) | ||||
| Total stockholders' equity | 57,881 | 57,568 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 71,550 | $ | 69,226 | ||||
Advanced Micro Devices, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Millions) (Unaudited)
| Three Months Ended | ||||||||
| March 29, 2025 | March 30, 2024 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 709 | $ | 123 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 175 | 162 | ||||||
| Amortization of acquisition-related intangibles | 567 | 622 | ||||||
| Stock-based compensation | 364 | 371 | ||||||
| Deferred income taxes | (167 | ) | (66 | ) | ||||
| Inventory loss at contract manufacturer | — | 65 | ||||||
| Other | 39 | 4 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable, net | 748 | 913 | ||||||
| Inventories | (682 | ) | (368 | ) | ||||
| Prepaid expenses and other assets | (237 | ) | (919 | ) | ||||
| Accounts payable | (289 | ) | (561 | ) | ||||
| Accrued and other liabilities | (288 | ) | 175 | |||||
| Net cash provided by operating activities | 939 | 521 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of property and equipment | (212 | ) | (142 | ) | ||||
| Purchases of short-term investments | (304 | ) | (433 | ) | ||||
| Proceeds from maturity of short-term investments | 365 | 441 | ||||||
| Proceeds from sale of short-term investments | 33 | 2 | ||||||
| Purchases of strategic investments | (239 | ) | (4 | ) | ||||
| Other | — | 1 | ||||||
| Net cash used in investing activities | (357 | ) | (135 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from long-term debt issuance, net of issuance costs | 1,494 | — | ||||||
| Proceeds from commercial paper issuance, net of discount | 947 | — | ||||||
| Proceeds from sales of common stock through employee equity plans | 4 | 5 | ||||||
| Repurchases of common stock | (749 | ) | (4 | ) | ||||
| Stock repurchases for tax withholding on employee equity plans | (30 | ) | (129 | ) | ||||
| Other | — | (1 | ) | |||||
| Net cash provided by (used in) financing activities | 1,666 | (129 | ) | |||||
| Net increase in cash, cash equivalents and restricted cash | 2,248 | 257 | ||||||
| Cash, cash equivalents and restricted cash at beginning of period | 3,811 | 3,933 | ||||||
| Cash, cash equivalents and restricted cash at end of period | $ | 6,059 | $ | 4,190 | ||||
Advanced Micro Devices, INC.
SELECTED CORPORATE DATA
(Millions) (Unaudited)
| Three Months Ended | ||||||||||||
| March 29, 2025 | December 28, 2024 | March 30, 2024 | ||||||||||
| Segment and Disaggregated Revenue Information ( 1) | ||||||||||||
| Net Revenue: | ||||||||||||
| Data Center Segment | $ | 3,674 | $ | 3,859 | $ | 2,337 | ||||||
| Client and Gaming Segment | ||||||||||||
| Client | 2,294 | 2,313 | 1,368 | |||||||||
| Gaming | 647 | 563 | 922 | |||||||||
| Total Client and Gaming | 2,941 | 2,876 | 2,290 | |||||||||
| Embedded Segment | 823 | 923 | 846 | |||||||||
| Total net revenue | $ | 7,438 | $ | 7,658 | $ | 5,473 | ||||||
| Operating Income (Loss): | ||||||||||||
| Data Center Segment | $ | 932 | $ | 1,157 | $ | 541 | ||||||
| Client and Gaming Segment | 496 | 496 | 237 | |||||||||
| Embedded Segment | 328 | 362 | 342 | |||||||||
| All other | (950 | ) | (1,144 | ) | (1,084 | ) | ||||||
| Total operating income | $ | 806 | $ | 871 | $ | 36 | ||||||
| Other Data | ||||||||||||
| Capital expenditures | $ | 212 | $ | 208 | $ | 142 | ||||||
| Adjusted EBITDA (2) | $ | 1,954 | $ | 2,212 | $ | 1,295 | ||||||
| Cash, cash equivalents and short-term investments | $ | 7,310 | $ | 5,132 | $ | 6,035 | ||||||
| Free cash flow (3) | $ | 727 | $ | 1,091 | $ | 379 | ||||||
| Total assets | $ | 71,550 | $ | 69,226 | $ | 67,895 | ||||||
| Total debt | $ | 4,164 | $ | 1,721 | $ | 2,468 | ||||||
(1) The Company operates as three operating segments, Data Center, Client and Gaming, and Embedded segments.
The Data Center segment primarily includes Artificial Intelligence (AI) accelerators, server microprocessors (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs) and Adaptive System-on-Chip (SoC) products for data centers.
The Client and Gaming segment primarily includes CPUs, APUs, and chipsets for desktops and notebooks, and discrete GPUs, semi-custom SoC products and development services.
The Embedded segment primarily includes embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), and Adaptive SoC products.
From time to time, the Company may also sell or license portions of its IP portfolio.
All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments, such as amortization of acquisition-related intangibles, employee stock-based compensation expense, acquisition-related and other costs, inventory loss at contract manufacturer and restructuring charges.
(2)Â Reconciliation of GAAP Net Income to Adjusted EBITDA
| Three Months Ended | ||||||||||||
| (Millions) (Unaudited) | March 29, 2025 | December 28, 2024 | March 30, 2024 | |||||||||
| GAAP net income | $ | 709 | $ | 482 | $ | 123 | ||||||
| Interest expense | 20 | 19 | 25 | |||||||||
| Other (income) expense, net | (39 | ) | (37 | ) | (53 | ) | ||||||
| Income tax provision (benefit) | 123 | 419 | (52 | ) | ||||||||
| Equity income in investee | (7 | ) | (12 | ) | (7 | ) | ||||||
| Stock-based compensation | 364 | 339 | 371 | |||||||||
| Depreciation and amortization | 175 | 186 | 162 | |||||||||
| Amortization of acquisition-related intangibles | 567 | 584 | 622 | |||||||||
| Inventory loss at contract manufacturer | — | — | 65 | |||||||||
| Acquisition-related and other costs | 42 | 46 | 39 | |||||||||
| Restructuring charges | — | 186 | — | |||||||||
| Adjusted EBITDA | $ | 1,954 | $ | 2,212 | $ | 1,295 | ||||||
The Company presents "Adjusted EBITDA" as a supplemental measure of its performance. Adjusted EBITDA for the Company is determined by adjusting GAAP net income for interest expense, other (income) expense, net, income tax provision (benefit), equity income in investee, stock-based compensation, depreciation and amortization expense, amortization of acquisition-related intangibles, inventory loss at contract manufacturer, acquisition-related and other costs, and restructuring charges. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Company's calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of net income or GAAP liquidity measures of cash flows from operating, investing and financing activities. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities that can affect cash flows.
(3)Â Reconciliation of GAAP Net Cash Provided by Operating Activities to Free Cash Flow
| Three Months Ended | ||||||||||||
| (Millions except percentages) (Unaudited) | March 29, 2025 | December 28, 2024 | March 30, 2024 | |||||||||
| GAAP net cash provided by operating activities | $ | 939 | $ | 1,299 | $ | 521 | ||||||
| Operating cash flow margin % | 13 | % | 17 | % | 10 | % | ||||||
| Purchases of property and equipment | (212 | ) | (208 | ) | (142 | ) | ||||||
| Free cash flow | $ | 727 | $ | 1,091 | $ | 379 | ||||||
| Free cash flow margin % | 10 | % | 14 | % | 7 | % | ||||||
The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Free cash flow is determined by adjusting GAAP net cash provided by operating activities for capital expenditures, and free cash flow margin % is free cash flow expressed as a percentage of the Company's net revenue. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. The Company's calculation of free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities.
Media Contact:
Drew Prairie
AMD Communications
512-602-4425
drew.prairie@amd.com
Investor Contact:
Liz Stine
AMD Investor Relations
720-652-3965
liz.stine@amd.com
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(TheNewswire)
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Edmonton, Alberta May 6, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the first quarter ended March 31, 2025.
Revenue of $31.8 million for the 3-months ended March 31, 2025 (Q1 2024: $16.2 million, +97%).
Online Bitcoin Portal revenue of 15.2 million in Q1 2025 (+111%).
Bitcoin Well Infinite revenue of 11.7 million in Q1 2025 (+374%).
Unique registrations grew by more than 7,000 in Q1 2025 to a total of over 39,000 as of March 31, 2025 (representing growth of 22% from December 31, 2024 and 160% from March 31, 2024).
As of May 1, 2025 the Company had over 41,000 unique registrations
Adjusted EBITDA of negative $0.35 million for the 3-months ended March 31, 2025 (Q1 2024: negative $0.43 million).
Improvement in Adjusted EBITDA due to higher gross profit, partially offset by significant investments in marketing and advertising initiatives to promote growth of the Online Bitcoin Portal and Bitcoin Well Infinite.
Net income of $3.3 million for the 3-months ended March 31, 2025 (Q1 2024: loss of $8.1 million).
Financial overview
For the three months ended, | ||||||||
March 31, Â Â 2025 | March 31, 2024 | |||||||
Revenue | 31,802,012 | 16,181,120 | ||||||
Gross Profit | 1,084,450 | 802,811 | ||||||
Adjusted EBITDA (1) | (354,693) | (430,080) | ||||||
Net income (loss) | 3,293,498 | (8,124,693) | ||||||
Total comprehensive loss | (1,436,438) | (1,541,738) | ||||||
(1) See Non-IFRS Measures.
Total revenue in the first quarter of 2025 showed a significant 97% increase, reaching $31.8 million compared to $16.2 million in the same period of 2024. This growth was driven by a substantial increase in transaction volumes on both the Online Bitcoin Portal and Bitcoin Well Infinite.
Specifically, the Online segment experienced 111% revenue growth, reaching $15.2 million in Q1 2025, compared to $7.2 million in Q1 2024. Bitcoin Well Infinite also demonstrated strong growth, with a 374% increase in revenue, reaching $11.7 million, compared to $2.5 million in the previous year. This overall growth was partially offset by a decline in ATM sales, which decreased to $4.9 million in Q1 2025 from $6.5 million last year.
Bitcoin Well Founder and CEO Adam O'Brien announced the division of online sales into two separate business units starting in 2025: the Online Bitcoin Portal and the newly established Bitcoin Well Infinite business unit. Â Bitcoin Well Infinite facilitates large bitcoin transactions ($50,000 and above) for high-net-worth individuals and businesses in Canada, the USA, and internationally.
"We expect the strong revenue growth from both business units to continue throughout 2025," stated Adam O'Brien. Â "The Bitcoin Well Infinite high touch segment will offer a secure and personalized private banking-style solution with a self custody first approach for clients seeking long-term wealth preservation. With our strategic partnerships we are able to service regions broader than just Canada and the United States and have already facilitated transactions world-wide."
Gross profit for Q1 2025 saw a 35% increase to $1.1 million, compared to $0.8 million in Q1 of the previous year, attributed to higher revenue with the gross margin decreasing to 3.4% from 5.0% last year. This decrease was due to a shift in sales mix, with lower margin online and Bitcoin Well Infinite transactions now making up a larger share than high margin Bitcoin ATM sales.
Despite having a lower gross profit margin than Bitcoin ATMs, both the Bitcoin Portal and Bitcoin Well Infinite are more scalable and have lower expansion costs, making them the preferred business units for growth. Q1 2025 saw a gross margin of 1.5% in the Online Bitcoin Portal segment (compared to 0.7% in Q1 2024) and 1.8% in the Bitcoin Well Infinite segment (compared to 1.7% in Q1 2024).
Net income improved from a loss of $9.8 million in Q4 2024 to a positive $3.3 million in Q1 2025, primarily due to favourable fair value changes related to cryptocurrency loans and realized gains on the disposal of digital assets. Loss before other items saw a slight improvement, decreasing to $1.2 million from $1.3 million in Q1 2024.
This news release should be read in concert with the full disclosure documents. The Bitcoin W ell unaudited condensed consolidated interim financial statements and Management Discussion & Analysis for the three months ended March 31, 2025 will be available on the Bitcoin Well website ( www.bitcoinwell.com ), via SEDAR+ ( www.sedarplus.ca ) or can be requested from the Company.
The Company uses certain terms in this news release, such as ‘Adjusted EBITDA', which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and accordingly, these measurements may not be comparable with the calculation of similar measurements used by other companies.
Please refer to the "Non-IFRS Financial Measures" section in the Company's MD&A for applicable definitions, calculations, and rationale for use. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company's performance, but should not be relied upon for comparative or investment purposes.
See the table below for a reconciliation of Adjusted EBITDA to net income (loss):
For the three month ended March 31 | 2025 | 2024 | |||||
Net income (loss) | $ | 3,293,498 | $ | (8,124,693) | |||
Financing fees | 705,152 | 644,147 | |||||
Depreciation | 106,636 | 262,453 | |||||
Fair value change - crypto loans (1) | (2,253,103) | 7,876,112 | |||||
Share based compensation | 104,318 | 67,583 | |||||
Foreign exchange (gain) loss | (16,894) | 121,512 | |||||
Gain on debt settlement | - | (20,000) | |||||
Fair value change - crypto inventory | 156,586 | (404,615) | |||||
Fair value change - convertible debt | 27,557 | - | |||||
Realized gain on digital assets | (2,478,443) | (852,579) | |||||
Adjusted EBITDA | $ | (354,693) | $ | (430,080) |
(1) Non-cash, fair value change on the revaluation of cryptocurrency loans is largely offset by revaluation changes in inventory and gains (losses) on digital assets, which are recorded in both income (if realized) and other comprehensive Income (if unrealized).
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to statements in respect of: revenue growth from the Online Bitcoin Portal and Bitcoin Well Infinite in 2025; and Bitcoin Well's business plans, strategy and outlook.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, but not limited to the following: economic and financial conditions, volatility in the capital or credit markets; the level of demand and financial performance of the cryptocurrency and digital asset industry, the occurrence of force majeure events; the extent to which the Company is successful in gaining new long-term users or retaining existing users; developments and changes in laws and regulations, disruptions to the Company's technology network; inability to obtain financing; competitive factors; and such other factors as discussed in the "Risks and Uncertainties" section of the Company's MD&A.
Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of the foregoing risk factors and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
For more information, see the Note Regarding Forward Looking Statements found in the Bitcoin Well MD&A.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Brossard, Quebec TheNewswire - May 1, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.
" Signing this term sheet for a Construction Capital Facility of 50 million USD is a determining moment for CHARBONE and all of its stakeholders ," said Dave Gagnon, President and CEO of Charbone. He continued , " Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy. "
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America's only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contact Charbone Hydrogen Corporation | ||||
Telephone: +1 450 678 7171 | ||||
Email: ir@charbone.com | ||||
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Brossard (Québec) TheNewswire - le 1 er mai 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer la signature, plus tôt dans la journée, d'une convention non contraignante portant sur un financement de construction d'un montant maximal de 50 millions de dollars US, avec un gestionnaire international de fonds d'infrastructures spécialisé dans les énergies renouvelables, pour une durée de six mois. De plus amples détails sur ce financement de projet seront communiqués dans les 30 prochains jours.
" La signature de cette entente de conditions pour une facilité de crédit de construction de 50 millions USD est un moment déterminant pour Charbone et toutes ses parties prenantes , a dit Dave Gagnon, Président et chef de la direction de Charbone. Il continue, " À l'avenir, Charbone prévoit d'ajouter ce financement de construction à ses autres sources de financement pour mieux soutenir l'ensemble de sa stratégie de déploiement . "
À propos de Charbone Hydrogène Corporation
Charbone est une entreprise intégrée d'hydrogène vert disposant de capacités stratégiques de distribution de gaz industriels en Amérique du Nord. Tout en poursuivant le développement de son réseau modulaire de production d'hydrogène vert, Charbone s'appuie également sur des partenariats commerciaux pour fournir de l'hydrogène, de l'hélium et d'autres gaz industriels sans les exigences en capital élevées des usines de production. Cette approche améliore les sources de revenus, réduit les risques opérationnels et accroît la flexibilité sur le marché. Charbone reste la seule société purement axée sur l'hydrogène vert cotée en bourse en Amérique du Nord, avec des actions cotées à la Bourse de croissance TSX (TSXV: CH); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d'informations, visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Pour contacter Corporation Charbone Hydrogène :
Téléphone bureau: +1 450 678 7171 | ||
Courriel: ir@charbone.com |
Copyright (c) 2025 TheNewswire - All rights reserved.
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