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ChainCatcher reported that, according to market sources, bitcoin mining company DMG Blockchain Solutions has announced that it has been approved to increase its total available power capacity to 75 megawatts. The company also plans to explore power financial hedging contracts to avoid the impact of power curtailment events on bitcoin mining and artificial intelligence data center operations.

Golden Ten Data reported on March 6 that, according to informed sources, Reliance Industries is seeking to purchase Russian oil after obtaining a temporary procurement license from the United States for India. The source stated that the refining giant plans to process these crude oils at its facilities dedicated to producing fuel for the domestic Indian market. He added that the company’s export-oriented plants will continue to use non-Russian grades of crude oil. This exemption marks a significant shift in the stance of the Trump administration, which had previously exerted considerable pressure on New Delhi to curb its purchases of Russian oil. According to data from Kpler, Reliance Industries was India’s largest buyer of Russian oil last year, importing nearly 600,000 barrels per day.

At the same time, the institution significantly raised its target price from $110 per share to $127 per share.