According to TechCrunch, Fervo Energy, a US geothermal power startup, plans to raise up to $1.3 billion in a Nasdaq IPO that could value the company at as much as $6.5 billion. The company set a price range of $21 to $24 per share and will trade under the ticker FRVO. Fervo’s Cape Station project in Utah is designed to generate electricity at approximately $7,000 per kilowatt of installed capacity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
HSBC Maintains CET1 Target, Prepares for Middle East Risks
HSBC Holdings disclosed on May 5 that it intends to maintain its common equity tier one (CET1) ratio mid-term target range at 14% to 14.5%, according to the bank's first quarter 2026 earnings report. The group stated it is adequately prepared to address changes and uncertainties in the global
CryptoFrontier17m ago
Apple Explores Intel and Samsung as Backup Chipmakers Beyond TSMC
According to Bloomberg, Apple has held early discussions with Intel and reviewed Samsung Electronics' chip plant under development in Texas as potential backup manufacturers for its device processors. The move would expand Apple's options beyond longtime supplier Taiwan Semiconductor Manufacturing
GateNews26m ago
Ethereum Spot ETFs See $61.29M Net Inflows on May 4, BlackRock ETHA Leads with $54.83M
According to ChainCatcher, Ethereum spot ETFs saw net inflows of $61.29 million on May 4 (based on SoSoValue data). BlackRock's ETHA led single-day inflows with $54.83 million, while Fidelity's FETH received $6.46 million.
GateNews34m ago
Bitcoin Spot ETFs See $532M Net Inflows Yesterday, Third Consecutive Day of Gains
According to SoSoValue data cited by ChainCatcher, Bitcoin spot ETFs saw net inflows of $532 million yesterday (May 4), marking the third consecutive day of positive flows. BlackRock's IBIT led with $335 million in daily inflows, while Fidelity's FBTC received $185 million.
GateNews35m ago
Trump Posts $45B Gain on U.S. Intel Holdings After 8 Months
According to Trump's social media post on May 5, the U.S. government's Intel (INTC.US) holdings, purchased in August 2025, have generated $45 billion in gains over the past 8 months. Trump stated the government has earned $45 billion from the
GateNews47m ago
Trump Claims U.S. Earned $45 Billion From Intel Investment Over Past 8 Months
According to Odaily, on May 5, former President Trump posted a chart on social media showing gains from the U.S. government's Intel (INTC.US) investment since August 2025, claiming "I made America $45 billion in the past 8
GateNews47m ago
