HANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively considering the acquisition of a controlling equity interest in a leading cryptocurrency mining company based in the Middle East. This mining company operates with cost-efficient BTC mining machines, optimizing self-mining processes while also offering sophisticated, end-to-end cloud hosting services tailored to meet the growing demand within the crypto mining industry. The facility’s long-term, stable energy supply is a critical asset that bolsters operational resilience and cost efficiency, underscoring Kaixin’s commitment to sustainable and profitable growth. About...

Small Satellite Market size was valued at USD 5.46 Billion in 2022 and is poised to grow from USD 6.09 Billion in 2023 to USD 14.54 Billion by 2031, growing at a CAGR of 11.50% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Small Satellite Market will attain a value of USD 14.54 Billion by 2031, with a CAGR of 11.50% during the forecast period (2024-2031). The growing need for worldwide communication, real-time data, and remote sensing is expected to fuel the global small satellite market’s expansion. The satellites carry out scientific investigations, help communications and observe the planet. The demand for small satellite solutions is constantly rising as more and more governments and commercial sectors inject funds into space technology. By supporting scientific...

The 90-unit property preserves affordable housing south of Boston WEYMOUTH, Mass., Nov. 14, 2024 (GLOBE NEWSWIRE) — Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced their recent acquisition of Tammy Brook Apartments, a 90-unit apartment community in Weymouth, MA, a suburb located 15 miles south of Downtown Boston. PEF Advisors purchased the property in November 2024 and has budgeted approximately $1.2M ($13,000 per unit) to address deferred maintenance, improve curb appeal, and elevate the quality of housing and competitiveness of the property. The property comprises 12 residential brick buildings and several detached single-story buildings for laundry, leasing and maintenance. The two-story townhome style...

Web Application Firewall Market size was valued at USD 5.82 billion in 2022 and is poised to grow from USD 6.92 billion in 2023 to USD 27.68 billion by 2031, growing at a CAGR of 18.92% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Web Application Firewall Market will attain a value of USD 27.68 Billion by 2031, with a CAGR of 18.92% during the forecast period (2024-2031). The market is expanding due to the growing use of web application firewalls that are automated and AI-powered. The next firewalls that will be developed are automated ones based on artificial intelligence that’s why companies are increasingly embracing them; they have ability to respond quickly to new risks as well as make decisions judiciously. For this reason, web application firewalls save businesses...

The growth of this global market is attributed to growing demand for electrical vehicles and increasing investments in renewable energy. Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Advanced Energy Storage Systems Market size will attain the value of USD 2.08 Billion by 2031, with a CAGR of 5.70% during the forecast period (2024-2031). The growth of the advanced energy storage systems market share is attributed to the high demand for electric vehicles and increasing investments in renewable energy. Moreover, rapid expansion of communication infrastructure and increasing investments in modernization are driving the advanced energy storage systems industry. Furthermore, increasing number of installations of solar farms and increasing awareness about energy storage are the factors that contribute to new growth...

Content Delivery Network Market size was valued at USD 15.91 billion in 2022 and is poised to grow from USD 19.38 billion in 2023 to USD 93.86 billion by 2031, growing at a CAGR of 21.8% in the forecast period (2024- 2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Content Delivery Network Market will attain a value of USD 93.86 Billion by 2031, with a CAGR of 21.8% during the forecast period (2024-2031). The content growth in the industry is due to increase in online content consumption as a result of digital media outburst, streaming services and e-commerce platforms. One of the major factors driving growth in CDN services market is rising demand for online content delivery network (CDN) services to ensure best performance worldwide especially in developing countries. Again, there is an increasing...

Acquired 80% Stake Upfront with Intent to Purchase Remaining 20% by Early 2027 WEST ORANGE, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) — Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), announced today that it has closed the previously announced majority stake acquisition of Enercon Technologies, Ltd. (“Enercon”) from Fortissimo Capital based on an enterprise value of $400 million. Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance. The transaction was funded through utilization of cash on hand of approximately $80 million, with approximately $240 million provided through incremental borrowings under...

Data Center Construction Market size was valued at USD 213.55 billion in 2022 and is poised to grow from USD 229.57 billion in 2023 to USD 409.43 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Data Center Construction market will attain a value of USD 409.43 billion by 2031, with a CAGR of 7.5% over the forecast period (2024-2031). Growing digitization around the world and rising volume of data are slated to promote the construction of new data centers. Rising use of cloud-based technologies and advancements in data center technologies are also expected to bolster data center construction market growth in the future.   Download a detailed overview:  https://www.skyquestt.com/sample-request/data-center-construction-market Browse...

Acquisition Marks Next Stage of Goodfood’s Growth Strategy to Build a Portfolio of Leading Next-Generation Direct-to-Consumer Brands MONTREAL and TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) — Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a leading Canadian online meal solutions company, is pleased to announce its acquisition of an 81% interest in Genuine Tea Inc. (“Genuine Tea”), a leading Canadian craft tea company. The founding shareholders of Genuine Tea will continue to lead the business and hold the remaining shares of the company, with Goodfood having a right to acquire their shares in the future. The acquisition, financed mainly with Goodfood’s cash reserves, includes future performance-based payment features to the Genuine Tea shareholders. Goodfood is celebrating its 10th anniversary and has developed expertise...

Automotive Wiring Harness Market size was valued at USD 50,266.88 million in 2022 and is poised to grow from USD 51975.95392 million in 2023 to USD 67915.16 million by 2031, growing at a CAGR of 3.4% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Automotive Wiring Harness Market will attain a value of USD 67915.16 Million by 2031, with a CAGR of 3.4% during the forecast period (2024-2031). The growing consensus surrounding driving safety and security is driving up demand for driver-assistance technology like lane departure warning systems, adaptive cruise control, adaptive front lighting, and blind spot recognition. Car makers are also anticipated to fuel market expansion by adhering to strict safety regulations that have been imposed by international authorities....