| Mobile Web

Search results for 6.8 percent

Crypto

Institutional bitcoin spot ETF holdings rise despite price drop

Bitcoin fell 14.2 percent in the second quarter, but institutional holdings of bitcoin spot exchange-traded funds rose 7.5 percent, based on U.S. SEC 13F filings. The number of institutions reporting bitcoin positions fell about 6.8 percent. Banks and some asset managers increased exposure, while some hedge funds cut ETF shares. Market makers showed sharp swings tied to creation, redemption and hedging. Long-term investors largely maintained holdings.

Telecommunications & Media

LG Uplus AI data centre growth and cost efficiency lift operating profit to record quarterly high

LG Uplus said it posted its highest-ever quarterly operating profit, driven by growth in its AI data centre business and cost efficiency. Second-quarter revenue fell 3.9 percent from a year earlier, while service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said it is building a 200-megawatt Paju AI data centre and plans to expand AI solutions. Mobile and smart home revenue also increased.

Telecommunications & Media

LG Uplus posts record Q2 operating profit, says enterprise infrastructure drove gains

LG Uplus said it posted a record quarterly operating profit in the second quarter, helped by growth in its AI data centre business and cost efficiency. Revenue fell 3.9 percent from a year earlier, but service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said enterprise infrastructure revenue increased, including AI data centre sales. Mobile and smart home revenue also rose, and it announced additional share buybacks and a higher interim dividend.