NewzIntel.com

Category: KB

  • MIL-OSI Security: Romanian criminals stealing fertilisers and pesticides in western France stopped in tracks

    Source: Eurojust

    Following close cooperation between the French and Romanian authorities, criminals stealing agrochemical products across western France have been stopped in their tracks. The network was also involved in transporting and concealing the stolen goods. During a coordinated action this week, 12 suspects were arrested or identified in both countries.

    Eurojust supported the judiciary in both countries by facilitating the execution of European Arrest Warrants (EAWs) and European Investigation Orders and provided further cross-border judicial support.

     The criminal network was well organised and structured, specialising in the theft of fertilisers and pesticides, for instance. The action day in France and Romania targeted three teams of thieves, two carriers and two fences. Three suspects were arrested in France, and nine more were identified in Romania, based on EAWs issued by the French authorities.

    Over the past two years, at least sixty farms, agricultural storage facilities and enterprises have been burgled. The value of the stolen goods and the damage caused by the thefts is estimated at EUR 3 million. The thefts were not without risk, as certain products were highly flammable and posed a health hazard if not handled properly. The stolen goods were transported and stored by the network for onward sale via illegal channels in Romania.

    Investigations coordinated by the investigative judge of the Interregional Jurisdiction (JIRS) of Rennes in France indicated that a Romanian-led organised crime group was behind the large-scale thefts. In November of last year, the JIRS contacted the French National Desk at Eurojust to arrange for cooperation with the Romanian authorities. Following a coordination meeting at the Agency, joint actions in both countries were organised this week.

    In Romania, 17 places were searched, where cash in different currencies was seized, estimated to be worth EUR 200 000. Four vehicles and various quantities of liquid and solid agrochemical products were also seized.

    The coordinated action this week was carried out by and at the request of the following authorities:

    • France: Investigative Judge JIRS Rennes; Gendarmerie Nationale – Section de Recherches Caen
    • Romania: Directorate for Investigating Organised Crime and Terrorism (DIICOT); National Police – Criminal Investigations Directorate

    MIL Security OSI –

  • MIL-OSI Security: Romanian criminals stealing fertilisers and pesticides in western France stopped in tracks

    Source: Eurojust

    Following close cooperation between the French and Romanian authorities, criminals stealing agrochemical products across western France have been stopped in their tracks. The network was also involved in transporting and concealing the stolen goods. During a coordinated action this week, 12 suspects were arrested or identified in both countries.

    Eurojust supported the judiciary in both countries by facilitating the execution of European Arrest Warrants (EAWs) and European Investigation Orders and provided further cross-border judicial support.

     The criminal network was well organised and structured, specialising in the theft of fertilisers and pesticides, for instance. The action day in France and Romania targeted three teams of thieves, two carriers and two fences. Three suspects were arrested in France, and nine more were identified in Romania, based on EAWs issued by the French authorities.

    Over the past two years, at least sixty farms, agricultural storage facilities and enterprises have been burgled. The value of the stolen goods and the damage caused by the thefts is estimated at EUR 3 million. The thefts were not without risk, as certain products were highly flammable and posed a health hazard if not handled properly. The stolen goods were transported and stored by the network for onward sale via illegal channels in Romania.

    Investigations coordinated by the investigative judge of the Interregional Jurisdiction (JIRS) of Rennes in France indicated that a Romanian-led organised crime group was behind the large-scale thefts. In November of last year, the JIRS contacted the French National Desk at Eurojust to arrange for cooperation with the Romanian authorities. Following a coordination meeting at the Agency, joint actions in both countries were organised this week.

    In Romania, 17 places were searched, where cash in different currencies was seized, estimated to be worth EUR 200 000. Four vehicles and various quantities of liquid and solid agrochemical products were also seized.

    The coordinated action this week was carried out by and at the request of the following authorities:

    • France: Investigative Judge JIRS Rennes; Gendarmerie Nationale – Section de Recherches Caen
    • Romania: Directorate for Investigating Organised Crime and Terrorism (DIICOT); National Police – Criminal Investigations Directorate

    MIL Security OSI –

  • MIL-Evening Report: In Struggle and Solidarity: The Enduring Legacy of Joaquín Domínguez Parada

    Source: Council on Hemispheric Affairs – Analysis-Reportage

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Battle of Ideas: Political Lawfare and the Destitution of Pedro Castillo

    Source: Council on Hemispheric Affairs – Analysis-Reportage

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Battle of Ideas: Political Lawfare and the Destitution of Pedro Castillo

    Source: Council on Hemispheric Affairs – Analysis-Reportage

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Video: Minister Lamola delivers remarks at the leadership summit of the international business forum.

    Source: Republic of South Africa (video statements)

    Minister Ronald Lamola delivers remarks at the leadership summit of the international business forum.

    https://www.youtube.com/watch?v=uX39atWduhM

    MIL OSI Video –

  • MIL-OSI Asia-Pac: HK officials attend security talk

    Source: Hong Kong Information Services

    Thirty-three senior civil servants participating in a national studies programme in Beijing today attended a seminar to coincide with the fifth anniversary of the promulgation and implementation of the Hong Kong National Security Law.

     

    The seminar aimed to develop their understanding of the Hong Kong Special Administrative Region’s constitutional responsibility to safeguard national sovereignty, security and development interests, and their own role as guardians of national security.

     

    It was delivered by Deputy Director of the Hong Kong Basic Law Committee and of the Macao Basic Law Committee under the Standing Committee of the National People’s Congress (NPC) and Deputy Director of the Legislative Affairs Commission of the Standing Committee of the NPC Zhang Yong.

     

    Secretary for the Civil Service Ingrid Yeung said the Hong Kong SAR Government is stepping up efforts on all fronts to cultivate a sense of national identity, awareness of national security and patriotism among civil servants.

     

    She added that national studies programmes, involving lectures at Mainland institutions and site visits, enable middle and senior-level civil servants to gain an accurate understanding of Hong Kong’s constitutional order, of national security and of the country’s latest policy objectives.

     

    Since the implementation of the security law and the enactment of the Safeguarding National Security Ordinance, the Civil Service Bureau has incorporated training on safeguarding national security into its programmes. This includes induction training for new recruits, Mainland programmes for middle and senior-level officers, thematic talks and e-learning activities.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mortgage loans up 5.3%

    Source: Hong Kong Information Services

    The value of residential mortgage loans approved in May was $26.6 billion, a 5.3% increase compared with April, the Monetary Authority announced today.

    Mortgage loans financing primary market transactions decreased 4.2% to $8.9 billion, while those financing secondary market transactions increased 7.1% to $14.6 billion.

    Loans for refinancing increased 33.7% to $3 billion.

    Mortgage loans drawn down during May amounted to $16.2 billion, a 5.3% drop from April.

    The number of mortgage applications in May rose 5% month-on-month to 8,187.

    The outstanding value of mortgage loans increased month-on-month by 0.1% to $1.884 trillion at end-May.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Hut 8 Energizes Vega Data Center

    Source: GlobeNewswire (MIL-OSI)

    205 MW facility will support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling

    Believed to be the largest single-building Bitcoin mining facility by nameplate hashrate

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the initial energization of Vega. Based on publicly available information, we believe Vega to be the largest single-building Bitcoin mining facility by nameplate hashrate. Spanning the equivalent of five football fields and covering 162,000 square feet, Vega is powered by 205 megawatts (“MW”) of nameplate energy capacity and at full energization will support up to ~15 exahash per second (“EH/s”) of BITMAIN U3S21EXPH servers for Bitcoin mining ASIC compute, or nearly 2.0% of current global Bitcoin network hashrate.

    Vega debuts a new Tier I data center form factor that narrows the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure. Unlike traditional mining facilities that rely on forced-air cooling and shelving systems that constrain compute density, Vega features a proprietary, rack-based, direct-to-chip liquid cooling system designed in-house by Hut 8. The architecture supports ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack.

    The system’s modular architecture—including pump skids, fluid distribution networks, server racks, switchboards, and smart power distribution units—was designed by Hut 8’s in-house development organization to optimize thermal efficiency, miner stability, and operational reliability. The result is materially higher compute density, greater thermal control, and improved uptime in high-ambient environments like Texas. Initial customer discussions support the potential viability of this architecture for future iterations of high-density, direct-to-chip liquid cooled infrastructure to support emerging HPC workloads and customer needs.

    “Vega exemplifies our innovation-driven approach to digital infrastructure design,” said Asher Genoot, CEO of Hut 8. “We built it for where we believe the market is going, using modular architecture and adaptive thermal systems designed to scale and evolve as workload requirements grow more complex. Over the past several weeks, as we’ve brought the site online, it has become clear how well this architecture performs under real-world conditions.”

    “Vega’s design is particularly relevant for AI training and other non-customer-facing HPC workloads, where we believe speed, density, and cost efficiency will increasingly take precedence over traditional redundancy standards,” said Jake Palmer, Senior Vice President of Development at Hut 8. “The project represents a design philosophy we intend to scale, refine, and deploy as we continue to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure.”

    BITMAIN is the client for the full ~15 EH/s deployment at Vega under an ASIC colocation agreement. Based on ERCOT forward energy prices, the agreement is expected to generate between $110 million and $120 million in annualized revenue upon full energization, subject to factors including ERCOT energy pricing and facility uptime. The agreement also includes a purchase option that allows Hut 8 to acquire all or part of the hosted fleet in up to three tranches at a fixed price, exercisable within six months of each tranche’s energization. This structure gives Hut 8 the ability to convert the deployment into self-mining capacity for its Bitcoin mining subsidiary, American Bitcoin Corp., supporting growth in its scale from 10 EH/s to 25 EH/s.

    “We are proud to have partnered with Hut 8 to successfully develop and commercialize the next generation of ASIC compute technology,” said Irene Gao, Vice President of Mining at BITMAIN. “Vega demonstrates what is possible when two industry leaders with deep technical expertise come together to push the boundaries of performance, efficiency, and design. We believe this collaboration has set a new benchmark for the industry, and we look forward to expanding on this success in the coming years.”

    Project Highlights

    • Industrial scale: 205 MW of nameplate capacity with a power usage effectiveness (“PUE”) of 1.06, powered behind-the-meter by a wind farm and front-of-the-meter by the ERCOT grid
    • Rack-based architecture: Proprietary rack-based architecture supports 180 kilowatts per rack, 50% higher than the 120-kW requirement of NVIDIA Blackwell HGX GPUs
    • Next-generation ASIC compute technology: Site will host up to 17,280 BITMAIN U3S21EXPH servers (at full energization), the first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within a U form factor, each delivering up to 860 terahash per second (“TH/s”) at 13 joules per terahash (“J/TH”)
    • Direct-to-chip liquid cooling: 96 custom-designed cooling modules circulate 120,000 gallons of glycol-water solution through a closed-loop, reverse return system designed to reduce water consumption versus conventional high-density cooling systems
    • Capital efficiency: Estimated all-in cost of approximately $430,000 to $450,000 per MW of nameplate capacity
    • Time to market: From site acquisition in July 2024 to initial energization in June 2025, Vega was brought online in under a year, demonstrating Hut 8’s ability to use Bitcoin mining infrastructure development to rapidly monetize power assets
    • Commercialization through ASIC Colocation: BITMAIN will consume the full ~15 EH/s deployment at full energization pursuant to a colocation agreement that will generate revenue for Hut 8’s Digital Infrastructure segment and includes a purchase option that, if exercised, would enable American Bitcoin to scale its self-mining capacity from 10 to ~25 EH/s

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the ability of the Vega facility to support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling, the ability of Vega’s new Tier I data center form factor to narrow the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure, the ability of the infrastructure at the Vega facility to support ASIC deployments at densities of up to 180 kW per rack, the ability of the facility’s modular infrastructure to scale and evolve as workload requirements grow more complex, the performance of the infrastructure deployed at the Vega facility under real-world conditions, the relevance of the Vega design to AI training and other non-customer-facing HPC workloads, Hut 8’s intention to scale, refine, and deploy its design philosophy to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure, the estimated revenues from the Bitmain colocation agreement and the factors impacting such revenues, the potential exercise of the ASIC purchase option and the benefits thereof to Hut 8 and American Bitcoin Corp., the total all-in cost to develop the Vega facility, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99a463ce-e274-4ee7-a8e4-e134abc19825

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30d0ece1-8f33-4444-b754-a4c5f49538e5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33bbd349-a468-455f-b11a-8cbaaad40232

    The MIL Network –

  • MIL-OSI: Hut 8 Energizes Vega Data Center

    Source: GlobeNewswire (MIL-OSI)

    205 MW facility will support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling

    Believed to be the largest single-building Bitcoin mining facility by nameplate hashrate

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced the initial energization of Vega. Based on publicly available information, we believe Vega to be the largest single-building Bitcoin mining facility by nameplate hashrate. Spanning the equivalent of five football fields and covering 162,000 square feet, Vega is powered by 205 megawatts (“MW”) of nameplate energy capacity and at full energization will support up to ~15 exahash per second (“EH/s”) of BITMAIN U3S21EXPH servers for Bitcoin mining ASIC compute, or nearly 2.0% of current global Bitcoin network hashrate.

    Vega debuts a new Tier I data center form factor that narrows the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure. Unlike traditional mining facilities that rely on forced-air cooling and shelving systems that constrain compute density, Vega features a proprietary, rack-based, direct-to-chip liquid cooling system designed in-house by Hut 8. The architecture supports ASIC deployments at densities of up to 180 kilowatts (“kW”) per rack.

    The system’s modular architecture—including pump skids, fluid distribution networks, server racks, switchboards, and smart power distribution units—was designed by Hut 8’s in-house development organization to optimize thermal efficiency, miner stability, and operational reliability. The result is materially higher compute density, greater thermal control, and improved uptime in high-ambient environments like Texas. Initial customer discussions support the potential viability of this architecture for future iterations of high-density, direct-to-chip liquid cooled infrastructure to support emerging HPC workloads and customer needs.

    “Vega exemplifies our innovation-driven approach to digital infrastructure design,” said Asher Genoot, CEO of Hut 8. “We built it for where we believe the market is going, using modular architecture and adaptive thermal systems designed to scale and evolve as workload requirements grow more complex. Over the past several weeks, as we’ve brought the site online, it has become clear how well this architecture performs under real-world conditions.”

    “Vega’s design is particularly relevant for AI training and other non-customer-facing HPC workloads, where we believe speed, density, and cost efficiency will increasingly take precedence over traditional redundancy standards,” said Jake Palmer, Senior Vice President of Development at Hut 8. “The project represents a design philosophy we intend to scale, refine, and deploy as we continue to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure.”

    BITMAIN is the client for the full ~15 EH/s deployment at Vega under an ASIC colocation agreement. Based on ERCOT forward energy prices, the agreement is expected to generate between $110 million and $120 million in annualized revenue upon full energization, subject to factors including ERCOT energy pricing and facility uptime. The agreement also includes a purchase option that allows Hut 8 to acquire all or part of the hosted fleet in up to three tranches at a fixed price, exercisable within six months of each tranche’s energization. This structure gives Hut 8 the ability to convert the deployment into self-mining capacity for its Bitcoin mining subsidiary, American Bitcoin Corp., supporting growth in its scale from 10 EH/s to 25 EH/s.

    “We are proud to have partnered with Hut 8 to successfully develop and commercialize the next generation of ASIC compute technology,” said Irene Gao, Vice President of Mining at BITMAIN. “Vega demonstrates what is possible when two industry leaders with deep technical expertise come together to push the boundaries of performance, efficiency, and design. We believe this collaboration has set a new benchmark for the industry, and we look forward to expanding on this success in the coming years.”

    Project Highlights

    • Industrial scale: 205 MW of nameplate capacity with a power usage effectiveness (“PUE”) of 1.06, powered behind-the-meter by a wind farm and front-of-the-meter by the ERCOT grid
    • Rack-based architecture: Proprietary rack-based architecture supports 180 kilowatts per rack, 50% higher than the 120-kW requirement of NVIDIA Blackwell HGX GPUs
    • Next-generation ASIC compute technology: Site will host up to 17,280 BITMAIN U3S21EXPH servers (at full energization), the first ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling within a U form factor, each delivering up to 860 terahash per second (“TH/s”) at 13 joules per terahash (“J/TH”)
    • Direct-to-chip liquid cooling: 96 custom-designed cooling modules circulate 120,000 gallons of glycol-water solution through a closed-loop, reverse return system designed to reduce water consumption versus conventional high-density cooling systems
    • Capital efficiency: Estimated all-in cost of approximately $430,000 to $450,000 per MW of nameplate capacity
    • Time to market: From site acquisition in July 2024 to initial energization in June 2025, Vega was brought online in under a year, demonstrating Hut 8’s ability to use Bitcoin mining infrastructure development to rapidly monetize power assets
    • Commercialization through ASIC Colocation: BITMAIN will consume the full ~15 EH/s deployment at full energization pursuant to a colocation agreement that will generate revenue for Hut 8’s Digital Infrastructure segment and includes a purchase option that, if exercised, would enable American Bitcoin to scale its self-mining capacity from 10 to ~25 EH/s

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the ability of the Vega facility to support up to ~15 EH/s of next-generation rack-based ASIC compute with direct-to-chip liquid cooling, the ability of Vega’s new Tier I data center form factor to narrow the gap between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure, the ability of the infrastructure at the Vega facility to support ASIC deployments at densities of up to 180 kW per rack, the ability of the facility’s modular infrastructure to scale and evolve as workload requirements grow more complex, the performance of the infrastructure deployed at the Vega facility under real-world conditions, the relevance of the Vega design to AI training and other non-customer-facing HPC workloads, Hut 8’s intention to scale, refine, and deploy its design philosophy to bridge the gap between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure, the estimated revenues from the Bitmain colocation agreement and the factors impacting such revenues, the potential exercise of the ASIC purchase option and the benefits thereof to Hut 8 and American Bitcoin Corp., the total all-in cost to develop the Vega facility, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99a463ce-e274-4ee7-a8e4-e134abc19825

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30d0ece1-8f33-4444-b754-a4c5f49538e5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33bbd349-a468-455f-b11a-8cbaaad40232

    The MIL Network –

  • MIL-OSI: Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned indirect subsidiary askROI, Inc. (“askROI”), has surpassed 300,000 cumulative app downloads between the Apple App Store and Google Play.

    askROI recently announced the launch of its app in both the Apple App Store and Google Play, offering users access to advanced artificial intelligence (“AI”) tools for both personal and business applications. Despite minimal marketing efforts to date, askROI’s organic traction continues to grow as askROI continues to improve platform functionality.

    “The askROI platform has seen significant growth since our last update announcing that we had surpassed 160,000 downloads,” stated Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “We are extremely pleased with the growth and are excited to announce new platform upgrades in the coming weeks.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Hyperscale Data Subsidiary askROI Surpasses 300,000 App Downloads on Apple App Store and Google Play

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned indirect subsidiary askROI, Inc. (“askROI”), has surpassed 300,000 cumulative app downloads between the Apple App Store and Google Play.

    askROI recently announced the launch of its app in both the Apple App Store and Google Play, offering users access to advanced artificial intelligence (“AI”) tools for both personal and business applications. Despite minimal marketing efforts to date, askROI’s organic traction continues to grow as askROI continues to improve platform functionality.

    “The askROI platform has seen significant growth since our last update announcing that we had surpassed 160,000 downloads,” stated Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “We are extremely pleased with the growth and are excited to announce new platform upgrades in the coming weeks.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Historic Dual Market Exchange Celebration: NIRI to Ring the Closing Bells at NYSE and Nasdaq

    Source: GlobeNewswire (MIL-OSI)

         –  Closing Bell Ceremonies live at 4:00 p.m. ET on Monday, June 30, 2025

    PHILADELPHIA, June 30, 2025 (GLOBE NEWSWIRE) — The Philadelphia Chapter of NIRI: The Association for Investor Relations is pleased to announce that today, NIRI will make history by ringing the closing bell at both the New York Stock Exchange and Nasdaq. This simultaneous celebration recognizes the investor relations profession and its strategic value for the capital markets.

    The dual bell ceremonies, taking place at 4:00 p.m. ET, are co-hosted by NIRI and the NIRI Philadelphia Chapter. Representatives from NIRI and its multiple chapters across the country will participate in this iconic event, with approximately 100 investor relations professionals gathering in New York City for this milestone moment.

    At the New York Stock Exchange, Nahla A. Azmy, President of NIRI Philadelphia, and Matthew D. Brusch, President and CEO of NIRI, will share bell-ringing honors on behalf of the NIRI organization.

    At Nasdaq MarketSite in Times Square, Lisa M. Caperelli, NIRI Board Director and Vice President of Sponsorships for the NIRI Philadelphia Chapter, will represent NIRI for the closing bell ceremony.

    Tune in to watch the Closing Bell Ceremonies live at 4:00 p.m. ET:

    NYSE: https://www.nyse.com/bell

    Nasdaq: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

    About the NIRI Philadelphia Chapter
    NIRI Philadelphia, formed in 1971, is a professional association of investor relations officers, communicators, consultants and providers serving organizations in the Greater Philadelphia area. NIRI Philadelphia includes members from a variety of industries and market cap sizes who are responsible for communications between their organizations, the investing public, and the financial community. NIRI Philadelphia’s goal is to provide its members the resources needed to be strategic leaders in their organizations.

    About NIRI: The Association for Investor Relations 
    Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.

    The MIL Network –

  • MIL-OSI: Historic Dual Market Exchange Celebration: NIRI to Ring the Closing Bells at NYSE and Nasdaq

    Source: GlobeNewswire (MIL-OSI)

         –  Closing Bell Ceremonies live at 4:00 p.m. ET on Monday, June 30, 2025

    PHILADELPHIA, June 30, 2025 (GLOBE NEWSWIRE) — The Philadelphia Chapter of NIRI: The Association for Investor Relations is pleased to announce that today, NIRI will make history by ringing the closing bell at both the New York Stock Exchange and Nasdaq. This simultaneous celebration recognizes the investor relations profession and its strategic value for the capital markets.

    The dual bell ceremonies, taking place at 4:00 p.m. ET, are co-hosted by NIRI and the NIRI Philadelphia Chapter. Representatives from NIRI and its multiple chapters across the country will participate in this iconic event, with approximately 100 investor relations professionals gathering in New York City for this milestone moment.

    At the New York Stock Exchange, Nahla A. Azmy, President of NIRI Philadelphia, and Matthew D. Brusch, President and CEO of NIRI, will share bell-ringing honors on behalf of the NIRI organization.

    At Nasdaq MarketSite in Times Square, Lisa M. Caperelli, NIRI Board Director and Vice President of Sponsorships for the NIRI Philadelphia Chapter, will represent NIRI for the closing bell ceremony.

    Tune in to watch the Closing Bell Ceremonies live at 4:00 p.m. ET:

    NYSE: https://www.nyse.com/bell

    Nasdaq: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

    About the NIRI Philadelphia Chapter
    NIRI Philadelphia, formed in 1971, is a professional association of investor relations officers, communicators, consultants and providers serving organizations in the Greater Philadelphia area. NIRI Philadelphia includes members from a variety of industries and market cap sizes who are responsible for communications between their organizations, the investing public, and the financial community. NIRI Philadelphia’s goal is to provide its members the resources needed to be strategic leaders in their organizations.

    About NIRI: The Association for Investor Relations 
    Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.

    The MIL Network –

  • MIL-OSI: 2025 Incentive Awards

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 30, 2025 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) reports that its Board of Directors has approved grants of a total of 4.3 million equity incentive awards comprised of 100,000 common stock options and 4.2 million restricted share units to several directors and officers of the Company. The options have an exercise price of CA $0.73, vest in three equal tranches over the next 24 months and will expire on June 27, 2035.

    ABOUT SINTANA ENERGY:

    The Company is engaged in petroleum and natural gas exploration and development activities on six large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia, an onshore joint venture in Angola and a project in Colombia’s Magdalena Basin.

    On behalf of Sintana Energy Inc.,
    “Robert Bose”
    Chief Executive Officer

    For additional information or to sign-up to receive periodic updates about Sintana’s projects, and corporate activities, please visit the Company’s website at www.sintanaenergy.com

    Corporate Contacts:   Investor Relations Advisor:
    Robert Bose Sean Austin  Jonathan Paterson
    Chief Executive Officer Vice-President Founder & Managing Partner
    212-201-4125 713-825-9591 Harbor Access
        475-477-9401
         

    Forward-Looking Statements

    Certain information in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with respect to potential future farmout agreements on PEL 83 and/or PEL 87, and proposed future exploration and development activities on PEL 83 and/or PEL 90 and neighbouring properties, as well as the prospective nature of the Company’s property interests. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including, but not limited to risks relating to the receipt of all applicable regulatory approvals, results of exploration and development activities, the ability to source joint venture partners and fund exploration, permitting and government approvals, and other risks identified in the Company’s public disclosure documents from time to time. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: Order.co Names Larry Robinett to Lead Partnerships and Drive Adoption of Its Workday Built Procurement Integration

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Order.co, the world’s leading B2B Ecommerce Platform, welcomes Larry Robinett as Head of Workday Accounts & Alliances. Robinett joins the company to expand strategic partnerships and scale adoption of Order.co’s exclusive Workday Built integration.

    Robinett brings more than two decades of experience in enterprise software and strategic alliances, with a long-standing focus on the Workday ecosystem. Most notably, he served as Vice President of Sales and Partner Alliances at Ascend Software. Here, he successfully spearheaded the company’s strategic partnership with Workday to help customers streamline accounts payable operations.

    As a result of the partnership, customers experienced significant efficiency gains and cost savings through AP automation, allowing them to scale operations without adding headcount – all while maximizing their investment in Workday Financial Management. Now, as the Head of Workday Accounts & Alliances at Order.co, Robinett will lead efforts to expand enterprise adoption of the company’s innovative Workday integration. With the integration at customers’ fingertips, they can unlock greater control, efficiency, and savings with a modern procurement experience from requisition to reconciliation.

    “I’m thrilled to join Order.co at such an exciting stage of growth,” Robinett said. “As someone who has worked extensively in the Workday ecosystem, I’m especially proud to join a company with a Workday Built integration, an achievement that reflects close collaboration with Workday’s product teams to deliver meaningful value to joint customers. I look forward to building strong partnerships and helping Workday Financial Management customers simplify and modernize their procurement experience in Workday.”

    As a Workday Select Partner, Order.co worked closely with Workday to co-develop an embedded B2B Ecommerce experience directly within the Workday platform. Using Order.co’s exclusive “Integrated Search”, customers can purchase all the items they need from the best-fit suppliers without leaving the Workday portal. Teams can search for any item and browse pre-approved products within their custom catalog, complete with contracted pricing or cost-effective alternatives. Submitting an order automatically generates a pre-populated requisition, eliminating the need for manual, error-prone data entry. Once approved, Order.co handles vendor fulfillment, and pre-coded invoices load seamlessly into Workday.

    Some of the benefits of leveraging Integrated Search include:

    • Faster purchasing – Employees can shop directly within Workday and automatically create requisitions with all the relevant data, eliminating the need to manually fill out purchase requests or toggle between vendor websites.
    • Stronger purchasing compliance – Users gain access to a pre-approved catalog of vendors and items, ensuring all purchases align with company policies and negotiated contracts.
    • Reduced rogue spend – Instead of going outside the system for small or ad-hoc purchases, employees can buy what they need directly through Integrated Search. Every purchase is captured in Workday, with built-in approvals and visibility – reducing out-of-policy spend without adding friction.
    • Faster supplier onboarding – Instead of developing costly punchouts, teams can easily add products from any supplier into Order.co’s centralized catalog, accelerating adoption and simplifying procurement operations.

    Order.co’s customers have raved about the integration, with Kyle Ingerman, Finance Transformations Senior Manager at WeWork, saying, “I cannot tell you how much time, effort, and money [the Order.co integration] has saved us.”

    To learn more about Order.co’s Workday-built integration, visit https://www.order.co/workday-procurement-integration/.

    About Order.co

    Order.co simplifies business buying by combining the ease of online shopping with the sophistication of world-class purchase order and AP automation. The result? Businesses cut costs and complexity with every order.

    Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations, and gain total control over spending – saving an average of 5% on products. Founded in 2016 and headquartered in New York City, Order.co has raised $70M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. To learn more, visit order.co.

    About Workday

    Workday is the AI platform for managing people, money, and agents. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 11,000 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.

    Media Contact

    Allison Reich
    Senior Manager of Brand, Content & Enablement
    Allison.reich@order.co

    The MIL Network –

  • MIL-OSI: Granite Merchant Funding Now Offers Financing from $750,000 to $2 Million

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 30, 2025 (GLOBE NEWSWIRE) — Granite Merchant Funding, a leading provider of revenue-based working capital solutions, is proud to announce an expansion of its funding capabilities. The company now offers financing for deals ranging from $750,000 to $2 million, providing more robust support for growing businesses across various industries.

    With this, Granite Merchant Funding strengthens its commitment to delivering accessible, flexible funding that helps business owners scale with confidence. Known for its fast approvals, personalized service, and cash-flow-based qualification process, the company is a trusted partner for entrepreneurs looking to invest in growth opportunities without the red tape of traditional lending.

    Granite Merchant Funding specializes in helping small and mid-sized businesses secure the capital they need to purchase equipment, expand operations, launch marketing campaigns, manage cash flow, or hire additional staff. Unlike conventional lenders that rely heavily on credit history, Granite Merchant Funding evaluates a business’s current revenue performance, enabling faster decision-making and higher approval rates.

    “Expanding our deal size to $2 million is a reflection of the growing needs of the businesses we serve,” said Senior Marketing Manager Anthony Parker. “We’re seeing more demand from companies ready to take the next big step, and we want to be there to support them with fast, reliable capital when it matters most.”

    The company’s efficient and user-friendly funding process allows qualified businesses to access capital in as little as 24 hours after approval. This level of speed and responsiveness ensures that business owners can act quickly on time-sensitive opportunities or address urgent operational needs without delay.

    Granite Merchant Funding serves various industries, including construction, retail, professional services, healthcare, and more. Every funding solution is customized to align with the client’s cash flow and growth strategy, making the process fast, innovative, and strategic.

    With this new funding range, Granite Merchant Funding is poised to significantly impact businesses seeking larger-scale capital solutions. The company continues to set the standard in alternative business financing by delivering exceptional service and personalized attention.

    About Granite Merchant Funding

    Granite Merchant Funding provides revenue-based financing to established business owners seeking to scale. Through professional services, it serves various industries, from construction to retail, helping clients access $750K to $2MM in working capital to grow, invest, or manage operations. Granite Merchant Funding combines expertise with a streamlined process, offering reliable and transparent funding solutions, along with high-quality service and guidance from its professionals.

    Media Contact
    Anthony Parker
    anthony.parker@granitefunding.com
    (888) 912-4243

    The MIL Network –

  • MIL-OSI: As New Energy Tax Policy Takes Shape, T1 Energy Confident It is Well Positioned

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) values the ongoing support in the current draft of the budget bill under consideration in the U.S. Senate for the 45X Production Tax Credit, which encourages domestic production of solar modules and component pieces. This tax policy, backed by both houses of Congress and provisionally extended through 2032, provides a foundation for the growth of a domestic solar supply chain. T1 Energy expects to participate in and benefit from that growth.

    In addition, the proposed language in the budget bill maintains transferability and stackability of 45X credits. T1 views both as important incentives for the domestic solar manufacturing industry in general, and specifically for T1 by providing financing options and flexibility. The ability to potentially stack the 45X credits from integrated U.S. cell and module production is expected to contribute meaningfully to T1’s EBITDA generation.

    These elements of the budget bill are important for T1 as the Company continues to advance several capital formation initiatives to fund development of G2_Austin, its planned 5 GW U.S. Solar Cell Facility in Milam County, Texas. Finalization of the budget bill and a policy framework that supports T1’s domestic content strategy are key steps to advance T1’s project financing, customer offtake discussions and other related funding initiatives. The Company expects to complete the capital formation process to reach the start of construction at G2_Austin in Q3 2025.

    T1 Energy is evaluating the recently added proposal to implement an excise tax on certain solar projects that include a substantial percentage of components from a Foreign Entity of Concern (“FEOC”) nation. As a young and nimble company, T1 Energy believes it will be able to align its manufacturing operations with the final version of the bill. If the FEOC tax is in the final draft, T1 expects to be able to provide American solar modules exempt from the tax. If the provision is removed, T1 will continue with existing plans to provide high efficiency, cost-competitive modules from G1_Dallas, its operational 5 GW Solar Module Facility, while the Company evaluates its most attractive value creation opportunities.

    “Solar energy strengthens our electric grids and lowers electricity prices for Americans and American businesses. We see this every day on the Texas grid as solar supports the state’s dynamic population and economic growth through abundance and affordability. Solar is not a problem. It’s an answer. And it needs to be made in America,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.

    About T1 Energy

    T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

    To learn more about T1, please visit www.T1energy.com and follow us on social media.

    Investor contact:

    Jeffrey Spittel
    EVP, Investor Relations and Corporate Development
    jeffrey.spittel@T1energy.com
    Tel: +1 409 599 5706

    Media contact:

    Russell Gold
    EVP, Strategic Communications
    russell.gold@T1energy.com
    Tel: +1 214 616 9715

    Cautionary Statement Concerning Forward-Looking Statements:

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the Company’s ability to deliver solar modules exempt from proposed tax and any associated advantage in the solar marketplace; the duration of the 45X Production Tax Credit policy; the proposed tax policy providing a foundation for the growth of a domestic solar supply chain and the Company’s expected participation and benefit from such growth; the final form of the budget bill, including the transferability and stackability of 45X credits, and any benefits to the Company on its financing options and flexibility; the extent to which potential stackability of 45X credits may contribute meaningfully to T1’s EBITDA generation; T1’s ability to align its manufacturing operations with the final version of the budget bill and comply with the bill; the Company’s commitment to shareholders and customers; the Company’s capital formation initiatives to fund G2_Austin and the timeline for its construction; the Company’s ongoing customer offtake discussions; and the Company’s commitment to provide modules that are exempt from the proposed FEOC tax. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

    T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

    The MIL Network –

  • MIL-OSI: Global Net Lease Credit Ratings Upgraded By S&P Global

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that S&P Global has upgraded its corporate credit rating to BB+ from BB following the successful $1.8 billion sale of GNL’s multi-tenant portfolio, which enabled a substantial paydown of GNL’s debt. S&P also raised its issue-level rating on GNL’s unsecured notes to an investment-grade BBB- from BB+.

    As a result of the multi-tenant portfolio sale, GNL’s streamlined portfolio of diversified, long-term triple-net leases features a broad tenant base, minimal near-term lease expirations, high occupancy, and strengthened operating metrics.

    “We believe S&P’s upgrade of our credit ratings further validates the decisive actions we’ve taken to strengthen GNL’s balance sheet and portfolio,” said Michael Weil, CEO of GNL. “Our disciplined execution of a capital strategy designed to improve our credit profile and enhance shareholder value has created tangible results that we intend to build upon in the second half of 2025 and beyond. We are committed to further strengthening GNL’s financial position though continued leverage reduction and lowering our cost of capital.”

    About Global Net Lease, Inc.

    Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com. 

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,”  “will,”  “seeks,”  “anticipates,”  “believes,”  “expects,”  “estimates,”  “projects,”  “potential,”  “predicts,”  “plans,”  “intends,”  “would,”  “could,”  “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in the Company’s forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Presale Gains Strong Momentum Ahead of Upcoming Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 30, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S) has announced a major milestone in its ongoing token presale, officially surpassing $5.8 million in early commitments from over 12,800 participants worldwide. With less than five weeks remaining before launch, interest in the dual-layer blockchain has accelerated, positioning BTC-S as one of the year’s most closely watched crypto presales.

    Designed to address long-standing limitations in scalability, speed, and accessibility, Bitcoin Solaris combines a Proof-of-Work base layer with a Delegated Proof-of-Stake (DPoS) execution layer, enabling over 10,000 transactions per second (TPS), sub-2-second finality, and dramatically lower energy consumption. According to the project team, Bitcoin Solaris operates with 99.95% less energy usage than traditional mining-based blockchains.

    Why Everyone Is Now Talking About BTC-S

    From influencer videos to Telegram channels, the buzz around Bitcoin Solaris is not just hype. It is driven by fundamentals and real innovation. Even major voices in the space are weighing in.

    A detailed review by Crypto Vlog breaks down why this project stands out from the sea of recycled layer-1s and copycat tokens. From smart contract flexibility to cross-chain compatibility, BTC-S is getting attention for being bold and original.

    Early Bitcoin Changed Lives, BTC-S Is the Second Chance

    Presale Momentum: Fastest Rise in the Market?

    Investors are rushing in. And for good reason. The Bitcoin Solaris presale is being called one of the shortest and most explosive in crypto history.

    • Over $5.8 million raised so far
    • More than 12,800 users onboarded
    • Less than 5 weeks left before launch
    • Presale in Phase 10 at $10 per token
    • Launch price confirmed at $20, with a 6% bonus for new buyers

    That means a 150 percent return is practically baked in for early investors. For receiving your BTC-S tokens securely on launch day, Trust Wallet and Metamask are the preferred options.

    And this isn’t just FOMO. BTC-S has passed major due diligence. It’s already audited by Cyberscope and Freshcoins. Community discussions are alive on Telegram and X, where crypto veterans and curious newcomers alike are lining up for early access.

    A Future Built on Speed, Security, and Smart Contracts

    Bitcoin Solaris was engineered to solve what Bitcoin cannot. High fees, slow confirmation times, and limited programmability are outdated in the Web3 world. BTC-S fixes that with:

    • 10,000+ TPS performance using dual consensus
    • Validator rotation every few seconds for better security
    • Rust-based smart contracts that support full DeFi functionality
    • Fast 2-second finality, making it viable for real-time payments
    • 99.95 percent energy reduction, opening the door to ESG-compliant investments

    And all of this will soon be in the palm of your hand. Mining BTC-S will be possible through the upcoming Solaris Nova app, which turns your phone into a revenue stream. Curious about earnings? Use the profit calculator to see daily estimates based on your phone type.

    What’s Next: Roadmap Highlights

    While the presale hype is real, Bitcoin Solaris is building for the long game. According to the public roadmap, the next milestones include:

    • Full mainnet launch in Q3 2026
    • Solaris Nova app release with AI optimizations
    • Developer toolkit rollout and cross-chain DApp support
    • Enterprise adoption through Fortune 500 partnerships
    • Future-ready infrastructure, including quantum-resistant security

    This isn’t a roadmap filled with vague promises. Every phase is tied to deliverables, integrations, and real-world applications. BTC-S is setting up a full ecosystem that doesn’t just aim for the moon; it builds the launchpad first.

    Conclusion: One of the Smartest Bets of the Year?

    Let’s be clear. Bitcoin Solaris is not just another altcoin. It’s a second chance at generational wealth, powered by scalable tech, early incentives, and unmatched mobile mining accessibility. As BTC-S gears up for launch, the only question left is who acted early enough to catch the 150 percent wave before it’s gone.

    For More Information:
    Website: https://www.bitcoinsolaris.com
     Telegram: https://t.me/Bitcoinsolaris
     X (Twitter): https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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    The MIL Network –

  • MIL-OSI Economics: Sectoral Deployment of Bank Credit – May 2025

    Source: Reserve Bank of India

    Data on sectoral deployment of bank credit for the month1 of May 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95 per cent of the total non-food credit by all SCBs, are set out in Statements I and II.

    On a year-on-year (y-o-y) basis, non-food bank credit2 as on the fortnight ended May 30, 2025, grew3 by 9.8 per cent as compared to 16.2 per cent during the corresponding fortnight of the previous year (i.e., May 31, 2024).

    Highlights of the sectoral deployment of bank credit3 as on the fortnight ended May 30, 2025 are given below:

    • Credit to agriculture and allied activities registered a y-o-y growth of 7.5 per cent (21.6 per cent in the corresponding fortnight of the previous year).

    • Credit to industry recorded a y-o-y growth of 4.9 per cent, compared with 8.9 per cent in the corresponding fortnight of the previous year. Among major industries, outstanding credit to ‘all engineering’, ‘construction’ and ‘rubber, plastic and their products’ recorded an accelerated y-o-y growth.

    • Credit to services sector moderated to 9.4 per cent y-o-y (20.7 per cent in the corresponding fortnight of the previous year), primarily due to decelerated growth in credit to ‘non-banking financial companies’ (NBFCs). Credit growth to ‘computer software’ segment remained robust.

    • Credit to personal loans segment registered a decelerated y-o-y growth of 13.7 per cent, as compared with 19.3 per cent a year ago, largely due to moderation in growth of ‘other personal loans’, ‘vehicle loans’ and ‘credit card outstanding’.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/623

    MIL OSI Economics –

  • MIL-OSI Economics: Monetary developments in the euro area: May 2025

    Source: European Central Bank

    30 June 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 stood at 3.9% in May 2025, unchanged from the previous month, averaging 3.8% in the three months up to May. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 5.1% in May from 4.7% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to -0.1% in May from 0.6% in April. The annual growth rate of marketable instruments (M3-M2) increased to 11.2% in May from 10.7% in April.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 3.2 percentage points (up from 3.0 percentage points in April), short-term deposits other than overnight deposits (M2-M1) contributed 0.0 percentage points (down from 0.2 percentage points) and marketable instruments (M3-M2) contributed 0.7 percentage points (as in the previous month).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.5% in May, compared with 3.4% in April, while the annual growth rate of deposits placed by non-financial corporations stood at 2.7% in May, compared with 2.6% in April. Finally, the annual growth rate of deposits placed by investment funds other than money market funds decreased to 15.4% in May from 21.2% in April.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in May 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 2.6 percentage points (up from 2.5 percentage points in April), claims on the private sector contributed 2.4 percentage points (up from 2.3 percentage points), claims on general government contributed 0.2 percentage points (as in the previous month), longer-term liabilities contributed -1.2 percentage points (down from -1.1 percentage points), and the remaining counterparts of M3 contributed -0.1 percentage points (as in the previous month).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 2.0% in May 2025, compared with 1.9% in the previous month. The annual growth rate of claims on general government stood at 0.6% in May, compared with 0.5% in April, while the annual growth rate of claims on the private sector stood at 2.5% in May, compared with 2.4% in April.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) stood at 2.8% in May, unchanged from the previous month. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 2.0% in May, compared with 1.9% in April, while the annual growth rate of adjusted loans to non-financial corporations stood at 2.5% in May, compared with 2.6% in April.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics –

  • MIL-OSI Economics: Thales 2025 Global Cloud Security Study Reveals Organizations Struggle to Secure Expanding, AI-Driven Cloud Environments

    Source: Thales Group

    Headline: Thales 2025 Global Cloud Security Study Reveals Organizations Struggle to Secure Expanding, AI-Driven Cloud Environments

    • 52% report AI security spending is displacing traditional security budgets
    • 55% report cloud environments are more complex to secure than on-premises infrastructure
    • Enterprises now use an average of 85 SaaS applications, contributing to security tool sprawl
    © Thales

    Thales, a global leader in technology and cybersecurity, today released the findings of its 2025 Cloud Security Study conducted by S&P Global Market Intelligence 451 Research, revealing that AI-specific security has rapidly emerged as a top enterprise priority, ranking second only to cloud security. Over half (52%) of respondents said they are prioritizing AI security investments over other security needs, signaling a shift in how organizations are allocating budgets in response to the accelerated adoption of AI. This year’s research captures perspectives on cloud security challenges from nearly 3,200 respondents in 20 countries across a variety of seniority levels.

    Cloud remains at the forefront of security considerations

    Cloud is now an essential part of modern enterprise infrastructure, but many organizations are still building the skills and strategies needed to secure it effectively. The variability of controls across cloud providers, combined with the distinct mindset required for cloud security, continues to challenge security teams. This pressure is only increasing as AI initiatives drive more sensitive data into cloud environments, amplifying the need for robust, adaptable protections.

    This year’s Thales Cloud Security Study confirms that cloud security remains a top concern for enterprises worldwide. Nearly two-thirds (64%) of respondents ranked it among their top five security priorities, with 17% identifying it as their number one. Security for AI, a new addition to the list of spending priorities this year, ranked second overall, highlighting its growing importance. Despite sustained investment, cloud security remains a complex, persistent challenge that goes beyond technology to include staffing, operations, and the evolving threat landscape.

    “The accelerating shift to cloud and AI is forcing enterprises to rethink how they manage risk at scale,” Sebastien Cano, Senior Vice President, Cyber Security Products at Thales, said. “With over half of cloud data now classified as sensitive, and yet only a small fraction fully encrypted, it’s clear that security strategies haven’t kept pace with adoption. To remain resilient and competitive, organizations must embed strong data protection into the core of their digital infrastructure.”

    The average number of public cloud providers per organization has risen to 2.1, with most also maintaining on-prem infrastructure. This growing complexity is driving security challenges with 55% of respondents reporting that cloud is harder to secure than on-prem, a 4-percentage-point increase from last year. As organizations expand through growth or M&A, they’re also seeing a surge in SaaS usage, now averaging 85 applications per enterprise, complicating access control and data visibility.

    This complexity extends to security operations, with many teams struggling to align policies across varied platforms. The study found that 61% of organizations use five or more tools for data discovery, monitoring, or classification, and 57% use five or more encryption key managers.

    Attacks target cloud resources with human error remaining a top vulnerability

    Cloud infrastructure is a prime target for attackers as organizations continue to struggle with securing increasingly complex environments. According to the 2025 Thales Cloud Security Study, four of the top five most targeted assets in reported attacks are cloud-based. The rise in access-based attacks, as reported by 68% of respondents, underscores growing concerns around stolen credentials and insufficient access controls. Meanwhile, 85% of organizations say at least 40% of their cloud data is sensitive, yet only 66% have implemented multifactor authentication (MFA), leaving critical data exposed. Compounding the issue, human error remains a major contributing factor in cloud security incidents, from misconfigurations to poor credential management.

    “A rising number of respondents report challenges in securing their cloud assets, an issue that is further amplified by the demands of AI projects that often operate in the cloud and require access to large volumes of sensitive data,” Eric Hanselman, Chief Analyst at S&P Global Market Intelligence 451 Research, said. “Compounding this issue, four of the top five targeted assets in reported attacks are cloud-based. In this environment, strengthening cloud security and streamlining operations are essential steps toward enhancing overall security effectiveness and resilience.”

    For more information, please download the full report and join our webinar hosted by Eric Hanselman, Chief Analyst at S&P Global 451 Research. 

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • MIL-OSI Economics: ECB’s Governing Council updates its monetary policy strategy

    Source: European Central Bank

    30 June 2025

    • Governing Council confirms symmetric 2% inflation target over the medium term
    • Symmetry requires appropriately forceful or persistent policy response to large, sustained deviations of inflation from target in either direction
    • All tools remain in toolkit and their choice, design and implementation will enable an agile response to new shocks
    • Structural shifts such as geopolitical and economic fragmentation and increasing use of artificial intelligence make the inflation environment more uncertain

    The Governing Council of the European Central Bank (ECB) today published the results of its strategy assessment, which are set out in an updated monetary policy strategy statement.

    Following the strategy review carried out in 2020-21, the Governing Council announced that it would periodically assess the appropriateness of its monetary policy strategy. The assessment published today meets this commitment, ensuring that our framework, toolkit and approach remain fit for purpose.

    The monetary policy strategy enables the Governing Council to respond effectively to major changes in the inflation environment. This is especially important as ongoing structural shifts, such as geopolitical and economic fragmentation, increasing use of artificial intelligence, demographic change and the threat to environmental sustainability, suggest that the inflation environment will remain uncertain and potentially more volatile, with larger deviations from the symmetric 2% inflation target.

    To maintain the symmetry of the target, appropriately forceful or persistent monetary policy action in response to large, sustained deviations of inflation from the target in either direction is important. This will help to avoid inflation expectations becoming de-anchored and inflation deviations from the target becoming entrenched.

    “I am happy to announce that the Governing Council during its latest meeting approved the ECB’s updated monetary policy strategy”, said ECB President Christine Lagarde. “This assessment was a valuable opportunity to challenge our thinking, check our policy toolkit and fine-tune our strategy. It provides us with an even stronger basis to conduct monetary policy and fulfil our mandate of price stability in an increasingly uncertain environment.”

    All monetary policy tools currently available to the Governing Council will remain in its toolkit. Their use at any time will continue to be subject to a comprehensive proportionality assessment. Their choice, design and implementation will be sufficiently flexible to enable an agile response to changes in the inflation environment.

    In monetary policy decisions the Governing Council takes into account not only the most likely path for inflation and the economy but also surrounding risks and uncertainty, including through the appropriate use of scenarios and sensitivity analyses.

    The first regular monetary policy meeting of the Governing Council applying the updated strategy will be held on 23-24 July 2025. The Governing Council intends to assess periodically the appropriateness of its monetary policy strategy, with the next assessment expected in 2030.

    For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

    Notes

    • Prior to the 2025 strategy assessment, the Governing Council concluded strategy reviews in 2003 and 2021.
    • Over the last 12 months the Governing Council has held seminars, presentations, discussions and meetings dedicated to the strategy assessment.
    • The strategy assessment is the result of a significant collaborative effort over this period. It involved staff of the ECB and national central banks across the euro area and was organised into two separate workstreams.

    MIL OSI Economics –

  • MIL-OSI NGOs: UK: Public sends clear message that ‘PIP cuts are cruel’ and unjust – new poll

    Source: Amnesty International –

    Polling suggests a staggering 75% of the UK believe the Government’s plan to take   PIP away from people who need it is cruel  

    69% of respondents prefer the UK government to tax the super-rich rather than cut social security  

    ‘The message from the public is clear: poverty is a political choice, and this Government is dangerously close to choosing poverty and party politics over people’s rights’ – Jen Clark 

    New polling reveals that the vast majority of the UK public opposes the UK government’s plans to cut disability benefits, as Amnesty International UK warns the proposed changes to PIP are discriminatory and fundamentally out of step with public opinion. 

    Polling by Savanta, commissioned by Amnesty, reveals that 75% agree that taking PIP away from people who may need help is cruel – a view held consistently across all political, gender and age groups. 

    The findings come as Parliament considers a Bill that Amnesty says would entrench poverty, discriminate against disabled people, and fail to meet basic human rights standards. 

    Other key polling findings: 

    • 94% of people living with a disability say cutting PIP is cruel. 
    • 69% of respondents would prefer it if the UK government raised money through wealth taxes on the super-rich compared tocuts to social security. 
    • 59% believe that cutting PIP will not help more people get into work – undermining one of the UK government’s stated goals. 
    • 54% of UK adults say they do not support the UK government’s changes to PIP eligibility. 

    Jen Clark, Amnesty International UK’s Economic, Social and Cultural Rights Lead, said: 

    “The message from the public is clear: poverty is a political choice, and this Government is dangerously close to choosing poverty and party politics over people’s rights. 

    “Across every age group, background, and political belief, people agree that cutting PIP is cruel and they can see these proposals for what they are – unfair, unnecessary, and unjust.  

    “Disabled people are being targeted with harmful, ill-conceived changes that the majority of the public do not support. Taking vital support away from those who need it isn’t reform – it’s cruelty by policy. 

    “We’ve said it before: poverty is a visible sign of a failing social security system. When the Government knowingly pursues policies that make poverty worse, it is deliberately violating people’s basic human rights. The Government is steering us even further away   from being a society that support those most in need.   

    “Parliament must stand firm and refuse to back a Bill that risks rolling back disabled people’s rights and driving more people into poverty.” 

    Despite some proposed changes limiting the cuts to new claimants, Amnesty is calling on all MPs to stand firm and reject the current version of the Bill and demand a full human rights impact assessment, meaningful consultation with disabled people, and genuine reforms that reduce poverty rather than deepen it. 

    Amnesty’s key concerns with the Bill are: 

    • Cuts and freezes will push people into poverty, especially disabled people and those on low incomes. 
    • The Bill creates a two-tier system of support that deepens generational and economic inequality. 
    • The Government has failed to consult with disabled people and has not published a human rights impact assessment. 
    • PIP assessments remain discriminatory and unfit for purpose, with no guarantee that the upcoming review will address the reality. 

    ‘Consciously cruel’ – UK’s social security system  

    Amnesty’s recent report took a deep dive into the murky and divisive world of the UK’s social security system from the perspective of people’s human rights. The unique research examines violations of people’s basic rights to housing, food, education, healthcare and social security.   

    The report ‘Social Insecurity’ was a collaboration with over 700 benefit claimants and advisors to provide a platform for the people most gravely affected and show how politicians are playing with people’s lives and ignoring our most basic rights.  

    Regional polling results 

    Across the UK, people agree that taking PIP away from those who need it is cruel (the regions are polled as subsets within the wider poll): 

    • The North-West had the highest percentage of people in agreement, with a staggering 82% believing that PIP cuts are cruel.  
    • This was closely followed by 80% of people in the South-East.  
    • Of those polled in both Scotland and Wales, 77% believed that taking payments away from those who needed it is cruel and in Northern Ireland, the statistic was 74%.  
    • Other results included 76% in Yorkshire & Humber and in the East, 75% in West Midlands, 72% in East Midlands, 71% in London and 67% in both the North-East and South-West.  

    MIL OSI NGO –

  • MIL-OSI NGOs: Why are the Sustainable Development Goals way off track?

    Source: Amnesty International –

    The Sustainable Development Goals (SDGs) were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future. However, it’s looking less and less likely that they will be achieved by 2030 – and it’s all because of significant underinvestment for a decade and more recently, aid cuts by major donors such as the USA and a number of European countries.

    MIL OSI NGO –

  • MIL-OSI NGOs: Hong Kong: National Security Law analysis shows vast majority unjustly arrested

    Source: Amnesty International –

    More than 80% of people convicted under Hong Kong’s National Security Law (NSL) have been wrongly criminalized and should never have been charged in the first place, according to new research by Amnesty International published on the fifth anniversary of the law being enacted.

    The organization’s analysis of 255 individuals targeted under national security legislation in Hong Kong since 30 June 2020 also showed that bail was denied in almost 90% of cases where charges were brought, and that those denied bail were forced to spend an average of 11 months in detention before facing trial.

    “Five years after the enactment of the National Security Law, our alarming findings show that the fears we raised about this law in 2020 have been realized. The Hong Kong government must stop using the pretext of ‘national security’ to punish legitimate expression,” Amnesty International’s China Director Sarah Brooks said.

    “This draconian law, and the other national security legislation it spawned, has corroded key legal safeguards that once formed the foundation for protecting human rights and the rule of law in Hong Kong. The result has been a devastation of Hongkongers’ ability to express themselves without fear of arrest.”

    Amnesty’s briefing paper analyses patterns in arrests, bail decisions and prosecutions under the NSL and other national security legislation. In particular, the research highlights three major concerns: the criminalization of the legitimate exercise of the human right to freedom of expression, the low bail grant rates in these cases, and the de facto long-term incarceration of most accused.

    The analysis found that of the 78 concluded cases under the NSL at least 66 (84.6%) involved legitimate expression that should not have been criminalized according to international standards, with no evidence of violent conduct or incitement.

    When concluded cases under Article 23 and pre-Article 23 “sedition” offences are also counted, at least 108 out of a total of 127 cases (85%) involved similarly legitimate forms of expression which were unjustly prosecuted. These cases fall well short of the high threshold required for criminalization under international standards.

    Meanwhile, according to Amnesty’s data, the courts denied bail in 129 national security cases, or 89% of those in which individuals were charged.

    Among the 129 cases where bail was denied, the average length of detention was 328 days. Fifty-two cases (40.3%) involved detentions lasting one year or more before trial or a guilty plea.

    “In five years, the National Security Law has transformed Hong Kong from a city of tolerance and open debate into a city of repression and self-censorship. Our analysis shows that Hong Kong’s national security framework is not just a flagrant violation of international human rights standards on paper but that authorities misuse it to target opposition voices and foster an environment of fear,” Sarah Brooks said.

    “This research demonstrates that the vast majority of those charged with national security offences have acted entirely within their rights. Meanwhile, prosecutors have continued to bring cases under this flawed national security architecture and appealed the rare acquittals awarded by courts. Other governments should step up and use their influence to urgently press the Hong Kong and Chinese authorities to repeal the law.

    “In the interim, the Hong Kong government should stop applying national security legislation immediately. At the very least they need to reinstate the presumption of bail in favour of release pending trial. No one should be made to languish in jail simply for exercising their right to freedom of expression.”

    MIL OSI NGO –

  • MIL-OSI NGOs: Hong Kong: 80% of people convicted under ‘draconian’ national security law should never have been charged – new research

    Source: Amnesty International –

    Five years since National Security Law enacted, new research reveals its ‘alarming’ impact

    Nearly 90% of people charged were denied bail

    UK and other governments need to step up and press for the law to be scrapped

    ‘This unjust law reaches far beyond Hong Kong’s borders, threatening Hong Kong activists and students in the UK and throughout the world’ – Sacha Deshmukh  

    More than 80% of people convicted under Hong Kong’s National Security Law have been wrongly criminalised and should never have been charged in the first place, according to new research by Amnesty International published today – five years since the law was enacted.

    Amnesty’s analysis of 255 people targeted under the draconian law in Hong Kong since 30 June 2020 also showed that bail was denied in almost 90% of cases where charges were brought, and that those denied bail were forced to spend an average of 11 months in detention before facing trial.

    The briefing paper analyses patterns in arrests, bail decisions and prosecutions under the National Security Law and other national security legislation, highlighting three major concerns: the criminalisation of the legitimate exercise of the human right to freedom of expression; the low bail grant rates in these cases; and the de facto long-term imprisonment of most accused.

    The analysis found that of the 78 concluded cases under the National Security Law, at least 66 (84.6%) involved legitimate expression where there was no evidence of violent conduct or incitement and should not have been criminalised according to international standards.

    When concluded cases under Article 23 and pre-Article 23 “sedition” offences are included, at least 108 out of a total of 127 cases (85%) involved similarly legitimate forms of expression which were unjustly prosecuted. These cases fall well short of the high threshold required for criminalisation under international standards.

    The courts denied bail in 129 national security cases, or 89% of those in which individuals were charged, according to Amnesty’s data.

    Among the 129 cases where bail was denied, the average length of detention was 328 days. Fifty-two cases (40.3%) involved detentions lasting one year or more before trial or a guilty plea.

    Sarah Brooks, Amnesty International’s China Director, said:

    “Five years after the enactment of the National Security Law, our alarming findings show that the fears we raised about this law in 2020 have been realised. The Hong Kong government must stop using the pretext of ‘national security’ to punish legitimate expression.

    “This draconian law, and the other national security legislation it spawned, has corroded key legal safeguards that once formed the foundation for protecting human rights and the rule of law in Hong Kong. The result has been a devastation of Hongkongers’ ability to express themselves without fear of arrest.

    “The National Security Law has transformed Hong Kong from a city of tolerance and open debate into a city of repression and self-censorship. Our analysis shows that Hong Kong’s national security framework is not just a flagrant violation of international human rights standards on paper but that authorities misuse it to target opposition voices and foster an environment of fear.

    “This research demonstrates that the vast majority of those charged with national security offences have acted entirely within their rights. Other governments should step up and use their influence to urgently press the Hong Kong and Chinese authorities to repeal the law.

    “In the interim, the Hong Kong government should stop applying national security legislation immediately. At the very least they need to reinstate the presumption of bail in favour of release pending trial. No one should be made to languish in jail simply for exercising their right to freedom of expression.”

    Sacha Deshmukh, Amnesty International UK’s Chief Executive, said:

    “This unjust law reaches far beyond Hong Kong’s borders, threatening Hong Kong activists and students in the UK and throughout the world. 

    “The UK Government’s insistence following its China audit that the National Security Law must be scrapped is welcome, but it must be clearer to these communities in the UK how it will protect their right to freedom of expression and protest and keep them safe from the long reach of Hong Kong and China, including monitoring cases of transnational repression and improving the ways they can be reported.

    “It is vital the Government continues to pressure Hong Kong to scrap this brutal law and immediately release UK national Jimmy Lai, Hong Kong lawyer-activist Chow Hang-tung and all others being unjustly imprisoned under it.

    “The pursuit of trade and business interests must not stop frank conversations on human rights, which need to be central to any diplomatic engagement.”

    A city of repression

    Human rights in Hong Kong have deteriorated at an alarming pace since the National Security Law was imposed. Civil society has been effectively dismantled, while long-standing rights — including the rights to freedom of expression, peaceful assembly and association — have been severely curtailed.

    Amnesty’s analysis covered the cases of 255 individuals who, between 30 June 2020 and 31 May 2025, were arrested for and/or charged with any offences under the Law; parts 1 and 2 of the city’s Crimes Ordinance that define the colonial-era offence of “sedition”; and the Article 23 law (also known as the Safeguarding National Security Ordinance), which replaced parts 1 and 2 of the Crimes Ordinance when it entered into force on 23 March 2024.

    Amnesty sent the briefing to the Hong Kong government, which dismissed the findings as a “distortion of the reality” and said the National Security Law “has restored the enjoyment of rights and freedoms” in Hong Kong.

    MIL OSI NGO –

  • MIL-OSI NGOs: In Struggle and Solidarity: The Enduring Legacy of Joaquín Domínguez Parada

    Source: Council on Hemispheric Affairs –

    By Fred Mills and Evelyn Gonzalez Mills

    Silver Spring, MD

    Joaquín Domínguez Parada, a renowned Salvadoran attorney and tireless advocate for refugees of war and persecution, passed away on Thursday, June 26, 2025, four days after his 77th birthday in El Salvador, leaving a legacy of love, integrity, and moral courage.  He lived a relatively short period of time in the United States, about ten years, but left an indelible mark on our lives and communities.  

    In the 1980’s, at a time when tens of thousands of Central American refugees were being denied asylum and deported back to the violence of civil war, Joaquín stood as a steadfast advocate. Through his tireless efforts, a generation of migrants found not only dignity, protection, and legal defense, but also a voice to fight for their human rights, to end the repression in El Salvador, and to challenge  U.S. intervention in the region.

    For those of us in the solidarity movement, Joaquín set a lasting example. He was a guiding light, comrade and friend, advisor and mentor, and a talented artist. He made clear that it was time to assume co-responsibility for the safety of Central American refugees, and to oppose U.S. support for the oligarchic forces in El Salvador responsible for massive human rights violations and the forced displacement of tens of thousands of Salvadorans.

    We remember Joaquín not only for his courageous work, but for the moral clarity with which he carried it out. Despite the relentless pressure of adversity and what appeared to be insurmountable odds, he retained a sense of humor and unwavering commitment that inspired others to fight on.

    In 1980, Domínguez Parada was among the thousands of Salvadoran refugees who fled the escalating civil violence, settling in Washington DC. In 1981, he joined forces with attorney Patrice Perillie, who had recently graduated from the American University Washington College of Law, to form the non-profit Central American Refugee Center (CARECEN). As co-director, Domínguez Parada provided pro bono legal services to thousands of Central American refugees as part of an intense struggle to stem the tide of deportations perpetrated by the Reagan administration.

    As CARECEN launched its legal fight for justice and dignity for refugees, a broad-based solidarity movement—including labor, faith, student, and human rights advocates—mobilized to oppose U.S.-backed wars in Central America. CARECEN not only defended asylum seekers but also pushed for broader immigration reform and an end to U.S. intervention in El Salvador’s civil war, contributing to outcomes like Temporary Protected Status for Salvadorans. Recognizing the  need to expand its urgent mission, CARECEN offices were established in other major cities such as Los Angeles, San Francisco, New York, and Houston.

    In 1982, on the second anniversary of the assassination of Archbishop Óscar Romero, he participated in a hunger strike in Lafayette Park, alongside other prominent human rights activists, to draw attention to the atrocities being committed both at home and abroad because of U.S. intervention in El Salvador.

    Domínguez Parada was a tireless leader in the community. As CARECEN carried forward its vital work on a limited budget, it helped lay the foundation for other essential grassroots initiatives. Among these were the founding of the Central American Refugee Committee (CRECEN)—with Evelyn Gonzalez elected as its first Coordinator—and, in partnership with Plenty International, La Clínica del Pueblo in 1983, where both of us, along with many others, served as volunteers. This free health clinic, established to serve Central American refugees and staffed by volunteer doctors, nurses, and community members, provided a safe and dignified space for medical care. Guided by the classic training manual Donde No Hay Doctor, La Clínica expanded its corps of community health promoters, who became the heart of its mission. To this day, La Clínica remains a beacon of community-based health services.

    After the civil war in El Salvador, Domínguez Parada returned home to help rebuild the country’s legal institutions. In 1994 his doctoral thesis titled La ley Simpson-Rodino, consecuencias jurídicas y sociales para los salvadoreños en Estados Unidos (The Simpson-Rodino Law: Legal and Social Consequences for Salvadorans in the United States) was published by the University of El Salvador. He served as a municipal judge in San Salvador, helped implement the city’s first ordinance on minor infractions, and later led the Police Appeals Tribunal, promoting accountability within the post-war Civil National Police. In keeping with his commitment to community, he was a strong advocate for the preservation of the historic Shangri La neighborhood where he used to live.

    In March 2025, we had the privilege of visiting Joaquín in San Salvador, sharing moments of reflection on a life devoted to social justice—especially during those harrowing years when so many of our Central American brothers and sisters faced persecution and exile. He expressed a deep serenity in knowing he had given his all to the struggle for human dignity. Joaquin expressed gratitude to his first wife Marta Castrillo, her sister, Carolina, and their mother, Maria Pineda, for their unconditional support and love upon his return to El Salvador.  He reminisced about his late beloved son, Camilo; remembered with much affection his mother, Alicia Ulloa de Dominguez, an elementary school teacher who worked hard to raise her three children after losing her husband; and he evoked his life with Patrice Perillie, his second wife and companion in the struggle for refugee rights. He expressed a heartfelt desire to visit the United States—to learn about CARECEN’s continuing successes, reconnect with old friends, meet the new stewards of its legacy, and once more walk the familiar streets of Columbia Road and Mount Pleasant in Washington, DC.

    With Joaquín’s passing, El Salvador and its diaspora has lost one of their most steadfast champions. We ask his family and friends to accept our deepest condolences. We take his legacy to heart as we navigate today’s perilous crossroads. Joaquín’s moral courage in confronting state violence and repression continues to guide our path, especially now, as we witness, in the United States, a campaign of state-sanctioned terror, where masked agents—unidentified and unaccountable—storm homes and workplaces, even court houses, sweeping up immigrants en masse and vanishing them into the machinery of deportation.  In honoring Joaquín Domínguez Parada, we renew our commitment to the world he struggled to bring forth—a world where no human being is illegal, and every sacred life holds the weight and wonder of a universe.

    San Salvador 03-21-25. Evelyn Gonzalez, Joaquín Domínguez Parada, Fred Mills

    Photo of Joaquín Domínguez Parada: Credit Corolina Castrillo

    Photo of Joaquín Domínguez Parada with first wife Marta Castrillo, Maria Pineda, and Carolina Castrillo: Courtesy of  Carolina Castrillo

    Banner Photo of Joaquín Domínguez Parada and Patrice Perillie ca. 1981: From Carlos E. Vela Facebook.

    Fred Mills is professor of philosophy at Bowie State University and English Language Editor for COHA.

    Evelyn Gonzalez Mills is academic counselor at Montgomery College.  She met Joaquín Domínguez Parada and Patrice Perillie in 1981 and became a volunteer receptionist for CARECEN when it first opened. She later served as a board member of CARECEN.

    MIL OSI NGO –

  • MIL-OSI USA: “The Character of the Country is on the Line” Warnock Calls for GOP to Protect 16 Million Americans Who Risk Losing Health Care

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    “The Character of the Country is on the Line” Warnock Calls for GOP to Protect 16 Million Americans Who Risk Losing Health Care

    Watch the full floor speech  HERE
     Senator Reverend Warnock: “Your health care is about to go up. Your hospital might close because they’re cutting these clean energy tax cuts, your utility bills are about to go up. And so I have a question tonight, who voted for that?”
    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) went to the floor of the United States Senate to call on his GOP colleagues to reject the GOP tax bill that will kick over 16 million Americans off their health care. Full video is available  HERE.
    “And in some ways, this is the same bill eight years later, just worse,” said Senator Reverend Warnock, comparing this moment to the 2017 tax bill. “Like most horror movies, the sequel tends to be worse. We were here eight years ago. Washington politicians were trying their best to gut the Affordable Care Act. Remember that? They were trying to gut Obamacare out of political motives. Millions of Americans were spared. But tonight is the sequel to that horror movie. They are back to their own political tricks, trying to dismantle the ACA again, with this legislation. It’s the same fight, just worse this time.”
    “If they enact these deep cuts to Medicaid, as they are positioned not to extend these tax credits, they are raising the cost of health care for all of us,” continued Senator Reverend Warnock. “Even if you are on private insurance, you are not safe. Your health care is about to go up. Your hospital might close because they’re cutting these clean energy tax cuts, your utility bills are about to go up. And so I have a question tonight, who voted for that?…Who voted for everybody’s health care premiums to go up and their hospitals to be closed? Here’s what I know. Folks back in Georgia didn’t vote for that. They voted for me, and they voted for Donald Trump, but they didn’t vote for that.”
    “This is symptomatic of the ways in which the people’s voices have been squeezed out of their democracy,” continued Senator Reverend Warnock. “This is not just a health care fight, it is that. It is not just a fight for food security, for SNAP, it is that. But in a real sense, it is a fight for our democracy. Whose voice gets to be heard in this chamber? That’s what this is about—the character of the country.”
    Now, let me be clear, I’m all for tax cuts. I believe working families deserve a tax cut, and I certainly don’t want to see them face a tax hike this year,” continued Senator Reverend Warnock. “That’s why I want to nearly double the child tax credit. I believe in tax cuts for hard-working families, for middle-class people, for working-class families. But instead of doing that, instead of helping working-class families who are struggling now against a 10% tax on everything, rising costs, we’re now burdening our children by adding $3 trillion to the debt. We’re taking away health care from kids and then burdening them with the debt.
    “When the people hear about what’s in this Big Ugly Bill, they don’t like it…” said Senator Reverend Warnock. “The American people do not want to rob our children of food and health care, and then burn them with trillions in debt to give billionaires and wealthy corporations another tax cut….And so if the people do not want this bill, if they are trying to pass it. Here’s the question you got to ask yourselves at home, you have to ask yourselves, well, who are they working for? Who are they fighting for? Who do they think matters? Do you think they are working for you?”
    The Senator’s speech comes a day after he held a vigil with a multi-faith coalition of clergy to pray that GOP lawmakers have the courage to stand up for their constituents and vote against the GOP tax bill. The Senator was arrested in 2017, before he was elected to the Senate, along with a coalition of multi-faith leaders, while protesting the GOP tax bill during the first Trump Administration. 
    A full and unofficial transcript is availabe below. Watch the full speech  HERE.
    Madam President, I rise tonight in a moral moment in our nation. As we debate this bill, so much is on the line. The health care of over 16 million Americans, 750,000 of them Georgians, is on the line. Food for hungry children in a wealthy nation where one in five children are already food insecure—they don’t know where the next meal is coming from—their livelihood, their welfare, is on the line. The well-being of seniors in nursing homes and the disabled who rely on Medicaid and those who care for them is on the line. The state of rural hospitals in Georgia, in Alaska, in Louisiana, in little towns all over this nation that are right now barely hanging on is on the line, and the scraps that they are throwing them while cutting them will not save them.
    My friends on the other side of the aisle know it. They know that these scraps that they’re throwing at rural hospitals will not save them. And so in a very real sense, lives are on the line.
    We are in a moral moment because something else is on the line. I submit that the character of the country is on the line.
    In a real sense, the question tonight is, who are we? Not who we tell ourselves we are, but who are we really? What and who do we care about? What kind of nation are we? What kind of people do we want to be? Who matters and who doesn’t? What do we think is dispensable?
    In no place is the answer to that question clearer than in a nation’s budget. I submit that a budget is not just a fiscal document, a budget is a moral document. Show me your budget, and I’ll show you who you think matters and who doesn’t.
    If this awful budget were an EKG, it would suggest that our nation has a heart problem and is in need of moral certainty.
    And so I’m clear tonight. I understand the nature of what we are engaged in. This is a political process, it is, but it is also a moral exercise, not only for the nation, but for each of us, individually, and especially for the mere 100 of us out of a nation of 300 million who get to vote, perhaps in a matter of hours.
    We have the rare privilege of standing up for the people who have entrusted with us the covenant of centering their families. It’s a real privilege for the people of your state to say that since we can’t all go to Washington, we’re going to trust you in rules of power to be thinking about our children, to be thinking about our parents as they deal with the blessings and the burdens of growing old.
    So the question for me tonight is, how will we show up in this moment?
    That’s why yesterday, I gathered in the Russell Rotunda with a multi-faith coalition of clergy to pray that lawmakers might have the courage to stand up to their party, stand up to the special interests and protect seniors in nursing homes and pregnant mothers on Medicaid and children who risk going to school hungry every single day in this country. One in five children in the wealthiest nation on the planet already food insecure, and with these SNAP cuts, this body is about to make it worse.
    And so, surrounded by clergy of many faith traditions, yesterday, I prayed that we would have the courage, prayed that we would have the grace to stand as voices for the voiceless. And as I stood there, I could not help but feel a sense of deja vu. This is not the first time I’ve been in our nation’s Capitol speaking out against these policies that betray hard-working families. It was eight years ago, almost to the day in 2017 when Washington Republicans were trying to pass a tax bill that favored wealthy Americans over working families, that I came to this building, not as a senator, but as a pastor. I had no idea that eight years later I would be serving in this body. I had no notion that I would even run for the Senate. I came as a citizen, standing with a multi-faith coalition. We were praying for our nation’s leaders. We were gathered in the rotunda of the Russell building, and as we were singing and praying, the Capitol Police said, “I’m sorry, pastors, you can’t sing and pray in the rotunda. If you do not disperse, we will have to arrest you.”
    And let me say that the Capitol Police did not mishandle us that day. They were first-rate professionals. They said that if you don’t disperse, we will have to arrest you. What they didn’t understand is that I had already been arrested. My conscience had been arrested, my heart and my imagination, my moral imagination, had been arrested by this idea that we as a country are better than this.
    I come from a tradition where you don’t just pray with your lips, you pray with your legs, put your body in the struggle for other struggling bodies. So here I am tonight, eight years later, having transformed my agitation into legislation, I was arrested that day, but I have transformed my protest into public policy.
    Eight years ago, I was on the outside. Tonight, I’m on the inside, but it’s the same fight. Some of us fight on the inside, some of us fight on the outside. Some of us get to serve in the Senate or in the House. Others are just watching at home tonight, but be really clear that we are in the same fight—whether we are on the streets or in the suites, same fight.
    And in some ways, this is the same bill eight years later, just worse. Like most horror movies, the sequel tends to be worse. We were here eight years ago. Washington politicians were trying their best to gut the Affordable Care Act. Remember that? They were trying to gut Obamacare out of political motives. Millions of Americans were spared. But tonight is the sequel to that horror movie. They are back to their own political tricks, trying to dismantle the ACA again, with this legislation. It’s the same fight, just worse this time.
    Instead of extending tax credits that would lower health insurance costs for the middle class, my friends on the other side are giving billionaires and the richest of the rich a tax cut. They are working real hard tonight to help billionaires, because God knows that they are having a hard time, apparently.
    What that means is that 1.2 million Georgians and nearly 20 million Americans are going to see their health care premiums rise. That’s what’s at stake tonight.
    If they enact these deep cuts to Medicaid, as they are positioned not to extend these tax credits, they are raising the cost of health care for all of us. Even if you are on private insurance, you are not safe. Your health care is about to go up. Your hospital might close because they’re cutting these clean energy tax cuts, your utility bills are about to go up. And so I have a question tonight, who voted for that?
    Some of us are Democrats, some of us are Republicans, some of us are independent. Some voted for one party, some voted for the other party. I get it, but who voted for that? Who voted for everybody’s health care premiums to go up and their hospitals to be closed?
    Here’s what I know. Folks back in Georgia didn’t vote for that. They voted for me, and they voted for Donald Trump, but they didn’t vote for that.
    Ordinary folks don’t want this. There’s ordinary, everyday people who who barely pay attention to politics. They don’t want this. Even a Fox News poll, and you won’t often hear me say that, but even a Fox News poll from this month found that Americans don’t support this Big Ugly Bill.
    This is symptomatic of the ways in which the people’s voices have been squeezed out of their democracy. This is not just a health care fight, it is that. It is not just a fight for food security, for SNAP, it is that. But in a real sense, it is a fight for our democracy. Whose voice gets to be heard in this chamber? That’s what this is about—the character of the country.
    Ordinary Americans don’t want to do this to our children. That’s why they need to know that 71% of all Medicaid enrollees in Georgia are children. 71%. Taking away health care from kids to pay for tax cuts for billionaires.
    Now, let me be clear, I’m all for tax cuts. I believe working families deserve a tax cut, and I certainly don’t want to see them face a tax hike this year. That’s why I want to nearly double the child tax credit. I believe in tax cuts for hard-working families, for middle class people, for working-class families.
    But instead of doing that, instead of helping working class families who are struggling now against a 10% tax on everything, rising costs, we’re now burdening our children by adding $3 trillion to the debt. We’re taking away health care from kids and then burdening them with the debt. We are engaged in Robin Hood in reverse, this body, of stealing from the poor in order to give to the rich. This massive transfer of wealth from the bottom to the to the top. This is socialism for the rich.
    When the people hear about it, guess what? They don’t like it, Democrats and Republicans and Independents. When the people hear about what’s in this Big Ugly Bill, they don’t like it. That’s why the folks on the other side are trying their best to fast-track it. That’s why they’re trying to pass it and they haven’t even finished writing it—twisting themselves in knots, making their members walk the plank under the threat of a primary to pass this Big Ugly Bill.
    The American people do not want to rob our children of food and health care, and then burn them with trillions in debt to give billionaires and wealthy corporations another tax cut. The people do not want this bill.
    And so if the people do not want this bill, if they are trying to pass it. Here’s the question you got to ask yourselves at home, you have to ask yourselves, well, who are they working for? Who are they fighting for? Who do they think matters? Do you think they are working for you?
    This is a moral moment and a budget is a moral document. We have been summoned to this moment, people of faith and people of moral courage who claim no particular faith at all. Maybe because I was here yesterday and eight years ago for a similar fight with faith leaders. Maybe because I’m a preacher, and it’s Sunday, and I’ve been here instead of church, I have especially been thinking about those of us who are people of faith. People whose lives are informed by scripture, people of the book. And maybe those of us who have different politics but read from the same book ought to spend some time together reading the book, because I do sometimes wonder, and I say this with all humility, none of us owns the truth. But if I’m honest, there are days when I have to ask people of my faith tradition as a Christian, are we reading the same book?
    The book I know says, I was hungry and you fed me. I was sick, I was in prison, and you visited me. I was a stranger, and you welcomed me. In as much as you’ve done it to the least of these, you’ve done it also unto me. The book that I love says, learn to do good, seek justice, rescue the oppressed, defend the orphan, plead for the widow, speak out for those who cannot. Speak for the rights of the destitute. Speak out. Judge righteously. Defend the rights of the poor and the needy. My book says whoever is kind to the poor lends to the Lord and will be repaid in full. The prophet Amos condemns those who buy the poor for silver and the needy for a pair of sandals. They sell the poor out and working class people for cheap.
    For those of us who have a vote in this moment, my colleagues, who are swinging on a moral dilemma, I hear the prophet Micah say he has already told you what is good. What does the Lord require that you do justice, love, kindness, walk humbly with your God.
    May God be with our nation and grant us grace, wisdom and courage for this moment.
    Madam President, I yield the floor.

    MIL OSI USA News –