KUALA LUMPUR, June 8 (Bernama) -- North Atlantic France announced its plans to launch a simplified mandatory tender offer for the remaining shares of North Atlantic Energies that it does not already own, offering 28.93 euros per share. (1 Euro = RM4.66)
The announcement follows North Atlantic France's acquisition of an 82.89 per cent stake in the company, formerly known as Esso S.A.F., which was completed on Nov 28, 2025, at a price of 26.19 euros per share.
In a statement, the company said it will not seek to implement a squeeze-out procedure as part of the offer, allowing remaining shareholders to retain their holdings if they choose not to tender their shares.
North Atlantic France said the offer will be filed with the Autorité des marchés financiers (AMF) after the completion of an independent expert's review.
Offer documentation, including the independent expert's fairness opinion on the financial terms of the transaction, will be submitted to the AMF for approval. The offer will open only after the AMF issues its compliance decision.
North Atlantic France is part of Canada-based North Atlantic, an energy and fuel distribution company with operations spanning fuel retail, wholesale distribution and marine bunkering services.
-- BERNAMA
Biz.News
Monday, June 8, 2026
NORTH ATLANTIC FRANCE TO LAUNCH TENDER OFFER FOR REMAINING NORTH ATLANTIC ENERGIES SHARES
Thursday, June 4, 2026
Cloudflare Acquires VoidZero to Build the Future of the AI-Native Web
- Acquisition brings Vite, the world’s leading JavaScript build tool, and its core open source team to Cloudflare
- Cloudflare commits $1 million to an independent Vite ecosystem fund to support open source maintainers and contributors
SAN FRANCISCO, June 5 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced it has acquired VoidZero, the open source-first company behind the next-generation JavaScript tooling ecosystem Vite. The acquisition will unify VoidZero’s high-performance tooling — including the Vite build tool, Vitest test runner, Rust-based Rolldown bundler and Oxc toolchain — natively into the Cloudflare ecosystem. By merging Cloudflare’s global edge network and Workers developer platform with the modern web's industry-standard toolchain, Cloudflare is creating a frictionless, one-click deployment stack from local code straight to Cloudflare’s global network.
Application development is undergoing a fundamental shift. The rise of autonomous AI coding agents has ushered in an era of rapid application scaffolding where speed and local-to-production predictability are paramount. VoidZero’s toolchain, anchored by Vite, has emerged as the shared substrate for the web ecosystem, capturing over 130 million weekly downloads. The Cloudflare Vite plugin has reached 13.9 million weekly downloads — equivalent to more than 10% of Vite’s entire weekly volume — proving that developers are already choosing this combined stack for AI-coded applications.
"The best engineers I know are shipping more code than ever, and writing less of it by hand. AI is doing more of the typing — so everything around it has to keep up,” said Matthew Prince, co-founder and CEO of Cloudflare. "Evan and his team built Vite from scratch with the same philosophy we used to build Cloudflare: strip out the bloat and make it fast. Bringing them on board gives millions of developers, and the AI agents working alongside them, the fastest path from local code to our global network.”
VoidZero’s team of open source creators and Rust optimization specialists, led by widely recognized Vue.js and Vite creator Evan You, will join Cloudflare’s Emerging Technology and Incubation (ETI) organization. The team will continue to advance VoidZero's open source roadmap while accelerating deep integration with the Cloudflare Workers developer platform.
"Our mission at VoidZero has always been to eliminate the fragmentation and performance bottlenecks of the modern web stack," said Evan You, founder and CEO of VoidZero. "Cloudflare shares our obsession with speed and architectural purity. Joining forces allows us to keep the Vite ecosystem neutral, open, and vendor-agnostic, while giving us the resources and global infrastructure to supercharge the developer experience for millions of engineers worldwide."
By integrating VoidZero’s hyper-performant, Rust-based tooling directly into Cloudflare’s Workers developer platform, Cloudflare will unify the entire software development lifecycle. Developers and autonomous AI agents alike will be able to move from an idea to global production instantly via a native, pluggable vite deploy ecosystem. Through this acquisition, Cloudflare plans to drive a project-centric development paradigm, focusing on three core initiatives:
- Unify the Developer Pipeline: Align the Cloudflare CLI natively with the seamless Vite workflow developers already love, bringing a frictionless end-to-end experience to every creator.
- Enable Intent-Based Infrastructure: Evolve toward a workflow where a single Vite deploy command handles everything. If application logic declares a need for a database or an object store, a Vite application with Cloudflare integration will automatically detect that intent and natively provision Cloudflare resources like D1 or R2 — with no manual dashboard intervention required.
- Maintain Open Source Steward Neutrality: Vite, Rolldown, Oxc, and Vitest will remain open source, vendor-agnostic and community-driven. Vite, Vitest, Rolldown, Oxc, and Vite+ will remain strictly open source under MIT licenses. Cloudflare is committing $1 million to a new independent Vite ecosystem fund to support community maintainers and contributors who are independent of both VoidZero and Cloudflare.
"At Lovable, we are empowering developers to build and deploy full-stack applications at unprecedented scale. An open and predictable toolchain is absolutely critical to that mission. As agents handle increasingly complex, real-time tasks, they require an underlying architecture that is performant and modular,” said Fabian Hedin, CTO and co-founder of Loveable. “By building our automated pipeline on Vite and leveraging its open ecosystem, we’ve been able to radically accelerate how AI agents generate, compile, and ship code. We have worked closely with the Cloudflare and VoidZero teams, and we’re excited to continue supporting and benefiting from the ecosystem they’ve helped create. Open-source infrastructure like Vite plays a critical role in the future of software development, and we’re encouraged to see its development remain independent and transparent.”
To learn more, please check out the resources below:
To learn more, please check out the resources below:
- Cloudflare Blog: VoidZero is joining Cloudflare
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the timing of when Cloudflare’s Workers developer platform and VoidZero’s products and technology and or any of their related features will be fully integrated and generally available to all current and potential Cloudflare customers, the potential timing of the closing of Cloudflare’s acquisition of VoidZero, Cloudflare’s plans and objectives for, and the timing of, the integration of VoidZero’s products and technology into Cloudflare’s Workers developer platform, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2026 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20260604108073/en/
Contact
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
Source : Cloudflare, Inc.
--BERNAMA
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Workers developer platform and other products technology and VoidZero‘s products and technology, the timing of when Cloudflare’s Workers developer platform and VoidZero’s products and technology and or any of their related features will be fully integrated and generally available to all current and potential Cloudflare customers, the potential timing of the closing of Cloudflare’s acquisition of VoidZero, Cloudflare’s plans and objectives for, and the timing of, the integration of VoidZero’s products and technology into Cloudflare’s Workers developer platform, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2026 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260604108073/en/
Contact
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
Source : Cloudflare, Inc.
--BERNAMA
Azerbaijan’s Bank ABB launches AI Conversational Banking assistants AI-nur and AI-khan
BAKU, Azerbaijan (Bernama-GLOBE NEWSWIRE) -- Bank ABB, one of the leading financial institutions in the South Caucasus, has officially launched its artificial intelligence assistants AI-nur and AI-khan, making them available to all customers following a successful Beta testing phase. The new conversational AI technology represents a major step forward in the bank’s digital transformation and introduces one of the first voice-enabled AI banking solutions in Azerbaijan’s and regional banking sector.
Since becoming available to customers, AI-nur and AI-khan have demonstrated strong adoption and engagement. More than 230k users have already used the service, generating over 2.5 million interactions through the AI-powered banking assistants.
As banking continues to evolve, conversational interfaces powered by AI, including voice, are becoming an integral part of future banking models, enhancing accessibility, speed, and personalization across digital channels.
Developed as part of Bank’s strategy to build the banking ecosystem of the future, AI-nur and AI-khan enable customers to interact with banking services using natural voice commands. Customers can transfer funds between their cards and accounts or send money to others using a mobile phone number. By simply stating the recipient’s name, the AI system identifies the contact and processes the transfer, provided the number is saved in the sender’s phone contacts. Additionally, the assistants can handle essential security functions, such as blocking or reactivating cards, offering a quick response in critical situations.
According to Bank ABB, the launch of AI-nur and AI-khan demonstrates the bank’s commitment to advancing AI-driven digital banking services in Azerbaijan and the wider South Caucasus region. By integrating conversational artificial intelligence into its digital ecosystem, the bank aims to make everyday banking more intuitive, faster, and more convenient for customers.
The number of generative and predictive models applied in various directions has now reached 180, generating more than 35 million AZN in positive financial impact for the bank.
Security remains a top priority in the development of the new AI assistants. All operations performed through AI-nur and AI-khan are conducted within Bank ABB’s secure digital infrastructure, ensuring that customer data and financial transactions are protected according to the highest banking and cybersecurity standards.
Bank ABB plans to continue expanding the capabilities of AI-nur and AI-khan in the near future, introducing additional features that will allow customers to access more banking services through AI-powered interaction.
More information about Bank ABB’s modern products and services is available on the official website, and via Bank ABB’s official social media pages.
SOURCE: Bank ABB - International Bank of Azerbaijan
--BERNAMA
Since becoming available to customers, AI-nur and AI-khan have demonstrated strong adoption and engagement. More than 230k users have already used the service, generating over 2.5 million interactions through the AI-powered banking assistants.
As banking continues to evolve, conversational interfaces powered by AI, including voice, are becoming an integral part of future banking models, enhancing accessibility, speed, and personalization across digital channels.
Developed as part of Bank’s strategy to build the banking ecosystem of the future, AI-nur and AI-khan enable customers to interact with banking services using natural voice commands. Customers can transfer funds between their cards and accounts or send money to others using a mobile phone number. By simply stating the recipient’s name, the AI system identifies the contact and processes the transfer, provided the number is saved in the sender’s phone contacts. Additionally, the assistants can handle essential security functions, such as blocking or reactivating cards, offering a quick response in critical situations.
According to Bank ABB, the launch of AI-nur and AI-khan demonstrates the bank’s commitment to advancing AI-driven digital banking services in Azerbaijan and the wider South Caucasus region. By integrating conversational artificial intelligence into its digital ecosystem, the bank aims to make everyday banking more intuitive, faster, and more convenient for customers.
The number of generative and predictive models applied in various directions has now reached 180, generating more than 35 million AZN in positive financial impact for the bank.
Security remains a top priority in the development of the new AI assistants. All operations performed through AI-nur and AI-khan are conducted within Bank ABB’s secure digital infrastructure, ensuring that customer data and financial transactions are protected according to the highest banking and cybersecurity standards.
Bank ABB plans to continue expanding the capabilities of AI-nur and AI-khan in the near future, introducing additional features that will allow customers to access more banking services through AI-powered interaction.
More information about Bank ABB’s modern products and services is available on the official website, and via Bank ABB’s official social media pages.
SOURCE: Bank ABB - International Bank of Azerbaijan
--BERNAMA
Wednesday, June 3, 2026
EXPEREO REPORT: FIRMS RUSH INTO AI INVESTMENT AMID ROI CONCERNS
KUALA LUMPUR, June 3 (Bernama) -- Expereo, a managed Network as a Service provider, stated that enterprise artificial intelligence (AI) spending is rising rapidly as organisations race to deploy the technology faster than they can assess its effectiveness.
According to the latest IDC InfoBrief commissioned by Expereo, about 70 per cent of organisations are investing in AI, driven by its potential and concerns about falling behind competitors, although many continue to lag in disciplined return on investment (ROI) evaluation.
In a statement, Expereo said one in five organisations (20 per cent) admitted they were investing aggressively in AI with limited evaluation, largely due to fears of being left behind.
Based on a survey of 800 technology leaders across Europe, the United States and Asia Pacific (APAC), the report found that AI has become one of the world's top technology investment priorities, with 51 per cent of organisations saying they plan to prioritise AI or machine learning over the next 12 months.
However, returns have yet to match expectations. Only 19 per cent of organisations surveyed said their AI implementations had exceeded expectations, while just five per cent reported significantly exceeding them.
The most frequently cited reasons for underperformance were inadequate or poor-quality training data (51 per cent), higher-than-expected costs or failure to achieve ROI (47 per cent), and AI systems not performing as expected (46 per cent).
The report also highlighted a network and infrastructure readiness gap. Among organisations whose AI implementations failed to meet expectations, 26 per cent cited inadequate network or connectivity performance as a contributing factor. Looking ahead, 54 per cent said they would require more flexible and scalable networks to thrive in an AI-driven environment.
The pressure to invest is most pronounced in APAC, where 37 per cent of organisations admitted investing aggressively in AI due to fears of being left behind, nearly double the global average and significantly higher than the United States (10 per cent) and Europe (13 per cent).
APAC also leads in AI adoption, with 35 per cent of organisations reporting extensive AI use across their operations, compared with a global average of 25 per cent.
The survey also found growing concerns over the long-term risks of AI investment. Some 54 per cent of technology leaders cited new security risks as a significant future threat, while 39 per cent expressed concern about losing visibility over AI-related costs and ROI once the technology becomes embedded across the business.
-- BERNAMA
According to the latest IDC InfoBrief commissioned by Expereo, about 70 per cent of organisations are investing in AI, driven by its potential and concerns about falling behind competitors, although many continue to lag in disciplined return on investment (ROI) evaluation.
In a statement, Expereo said one in five organisations (20 per cent) admitted they were investing aggressively in AI with limited evaluation, largely due to fears of being left behind.
Based on a survey of 800 technology leaders across Europe, the United States and Asia Pacific (APAC), the report found that AI has become one of the world's top technology investment priorities, with 51 per cent of organisations saying they plan to prioritise AI or machine learning over the next 12 months.
However, returns have yet to match expectations. Only 19 per cent of organisations surveyed said their AI implementations had exceeded expectations, while just five per cent reported significantly exceeding them.
The most frequently cited reasons for underperformance were inadequate or poor-quality training data (51 per cent), higher-than-expected costs or failure to achieve ROI (47 per cent), and AI systems not performing as expected (46 per cent).
The report also highlighted a network and infrastructure readiness gap. Among organisations whose AI implementations failed to meet expectations, 26 per cent cited inadequate network or connectivity performance as a contributing factor. Looking ahead, 54 per cent said they would require more flexible and scalable networks to thrive in an AI-driven environment.
The pressure to invest is most pronounced in APAC, where 37 per cent of organisations admitted investing aggressively in AI due to fears of being left behind, nearly double the global average and significantly higher than the United States (10 per cent) and Europe (13 per cent).
APAC also leads in AI adoption, with 35 per cent of organisations reporting extensive AI use across their operations, compared with a global average of 25 per cent.
The survey also found growing concerns over the long-term risks of AI investment. Some 54 per cent of technology leaders cited new security risks as a significant future threat, while 39 per cent expressed concern about losing visibility over AI-related costs and ROI once the technology becomes embedded across the business.
-- BERNAMA
INSTRUQT REPORT FINDS 92 PCT FACE DEVELOPER ADOPTION CHALLENGES
KUALA LUMPUR, June 3 (Bernama) -- Instruqt has released its annual report, The State of Developer Adoption, revealing that 92 per cent of respondents face at least one significant developer adoption challenge.
According to Instruqt in a statement, the most cited causes are misalignment across teams (27 per cent), technology complexity (26 per cent), and the difficulty of keeping content accurate as products ship weekly (25 per cent).
The report is the first independent benchmark examining how marketing, sales and education teams are responding to the widening gap between the pace of artificial intelligence (AI) feature releases and the pace at which customers can adopt them.
Based on a SlashData 2026 survey involving 424 marketing, sales and developer education practitioners at North American software companies, the report found that organisations using hands-on learning experiences were approximately 50 per cent more likely to report developers reaching productivity within two months than those that did not.
The findings also point to a structural shift in how business-to-business (B2B) software companies need to operate as AI adoption accelerates.
Other notable findings include developer communities remaining the most underutilised adoption lever, high-impact pre-sales experiences being underused, differing definitions of successful hands-on experiences across teams, and growing AI adoption despite declining confidence in some applications.
For developer-focused software companies, the report suggests that customer adoption is becoming an increasingly important determinant of growth as innovation cycles accelerate.
As part of broader adoption strategies, many fast-growing software companies have invested heavily in hands-on education, self-paced labs, interactive product experiences and developer enablement programmes.
Earlier this month, Google Cloud Security selected Instruqt to launch its Agentic SOC experience at Google Cloud Next 2026, training 50 practitioners in a single workshop with a dedicated Vertex AI environment for each participant.
-- BERNAMA
According to Instruqt in a statement, the most cited causes are misalignment across teams (27 per cent), technology complexity (26 per cent), and the difficulty of keeping content accurate as products ship weekly (25 per cent).
The report is the first independent benchmark examining how marketing, sales and education teams are responding to the widening gap between the pace of artificial intelligence (AI) feature releases and the pace at which customers can adopt them.
Based on a SlashData 2026 survey involving 424 marketing, sales and developer education practitioners at North American software companies, the report found that organisations using hands-on learning experiences were approximately 50 per cent more likely to report developers reaching productivity within two months than those that did not.
The findings also point to a structural shift in how business-to-business (B2B) software companies need to operate as AI adoption accelerates.
Other notable findings include developer communities remaining the most underutilised adoption lever, high-impact pre-sales experiences being underused, differing definitions of successful hands-on experiences across teams, and growing AI adoption despite declining confidence in some applications.
For developer-focused software companies, the report suggests that customer adoption is becoming an increasingly important determinant of growth as innovation cycles accelerate.
As part of broader adoption strategies, many fast-growing software companies have invested heavily in hands-on education, self-paced labs, interactive product experiences and developer enablement programmes.
Earlier this month, Google Cloud Security selected Instruqt to launch its Agentic SOC experience at Google Cloud Next 2026, training 50 practitioners in a single workshop with a dedicated Vertex AI environment for each participant.
-- BERNAMA
Tuesday, June 2, 2026
AM BEST UPGRADES FUSURE REINSURANCE ON CAPITAL STRENGTH, TENCENT BACKING
KUALA LUMPUR, June 3 (Bernama) -- Global credit rating agency, AM Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the long-term issuer credit ratings to “a” (Excellent) from “a-” (Excellent) of Hong Kong’s FuSure Reinsurance Company Limited (FuSure).
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
Bitdeer Launches SEALMINER DL1 Hydro Achieving 52.5 GH/s and 149 J/GH Power Efficiency
SINGAPORE, June 3 (Bernama-GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced the launch of its latest hydro-cooling mining machine, the SEALMINER DL1 Hydro. Designed for Scrypt algorithm mining, the DL1 Hydro integrates Bitdeer’s proprietary ASIC technology with a hydro-cooling thermal management system.
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Subscribe to:
Posts (Atom)