Virscend Education Eyes Management Services in Its Search for New Roadmap

Company is looking to an ‘asset-light’ model for its future survival, following China’s ban of for-profit K-12 education services   Key takeaways: Virscend Education plans to adopt an “asset-light” model by providing services for schools developed by governments and real-estate companies The company lost 1.8 billion yuan in the first eight months of last year after suspending most of its K-12 education operation By Molly Wen China’s new education law adopted last September has provided a difficult lesson for the nation’s K-12 private educators, putting many out of business and…

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FAST NEWS: BIT Mining’s New Ohio Mine Achieves Power Milestone

The latest: Cryptocurrency mining company BIT Mining Ltd. (BCTM.US) announced on Tuesday that its mining site under construction in the U.S. state of Ohio has achieved approximately 50 megawatts (MW) of power capacity. Looking up: The project is designed for total electrical generation capacity of 150 MW, making completion of one-third of that an important milestone. When the facility opens, BIT Mining will be able to operate its own operations there and also provide services to third-party miners. Take Note: The cost of operating cryptocurrency mining operations in the U.S. is…

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Everest Boosts Covid Bet With New Licensing Deal Despite Crowded Field

Global agreement for oral anti-viral comes just months after company signed separate similar tie-up for a Covid mRNA vaccine also in development Key Takeaways Everest has signed a global licensing deal for an anti-viral Covid treatment being developed by Singapore’s Experimental Drug Development Centre Similar oral anti-viral treatments have been developed by Pfizer and Merck, and are growing in popularity due to their ease of use By Richard Barbarossa Why settle for a single drug to treat Covid-19 when you can hedge your bets with two? That appears to be…

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