... for pre-IPO investments is only just being formed, and this creates additional risks. Changes in legislation can affect the company's activities and its profitability prospects, especially when it comes to fast-growing and regulated industries such as digital assets and fintech. An example is the situation with tightening regulation in the field of digital assets. Several Russian cryptocurrency-focused startups have faced restrictions in their business after the introduction of new legislative norms. This ...

... efficiency. Sector: Mining and Metallurgy Investments in 2023: 102.7 billion rubles Investments in 2022: 99 billion rubles Key Assets of the Company: Mining Enterprises: Olimpiada: The largest gold deposit in Russia with high reserves and production capacities.... ... emissions and rational use of resources. Land Reclamation: Restoration of disturbed land after mining operations are completed. Digitalization and Automation: Implementation of Production Management Systems: Utilizing digital technologies to optimize processes....

... forecast is a loss of around -$0.16 per share (compared to -$0.36 last year) with revenue around $37 million, which is even 13-15% lower than a year ago. The year-on-year revenue decline is attributed to a pause in major projects: last year, Applied Digital completed several contracts for miner placements that caused revenue surges (+98% year-on-year), but the company is now transitioning to servicing cloud-based AI calculations and is awaiting new contracts. Investors in this high-risk asset want to hear two key points: plans to expand capacities (building new data centers for AI clients) and order dynamics from major clients (for instance, the company recently mentioned contracts for AI cloud). Should management communicate progress ...

... voicing concerns regarding the use of cryptocurrencies for money laundering, tax evasion, and financing illegal activities. Statements calling for stricter controls on crypto-assets are becoming more common, especially following the rise in popularity of digital assets. Should the Trump administration decide to implement additional controls or tax measures on cryptocurrencies, it could create barriers for new investors and deter existing market participants. This may limit Bitcoin's growth and complicate its ...

... environment continues to significantly influence the dynamics of crypto assets. Against the backdrop of easing inflation and diminishing geopolitical risks, the market participants’ risk appetite is increasing, favoring risky investments, including digital assets. Rate declines in developed economies strengthen demand for alternative instruments like cryptocurrencies. Simultaneously, psychological aspects are crucial: herding effects and FOMO exacerbate short-term fluctuations. Increased media and analyst ...