Deep Fission and Youngquist Brothers Announce Collaboration on Deep, Large-Diameter Borehole Drilling for Underground Nuclear Reactor Deployment

Deep Fission (FISN) rose about 8.1% after it said the U.S. Department of Energy approved its Nuclear Safety Design Agreement for its underground gravity SMR. The company said the approval supports advancing its reactor design. The move is tied to DOE safety-design clearance, which investors may view as progress toward development.

Deep Fission Inc., which is developing an underground Gravity Reactor in Parsons, Kansas, plans an IPO of 2.5 million shares to raise more than $40 million, according to an SEC filing. It previously targeted about 6 million shares at $24–$26, but revised the offering to $16–$18. The company seeks Nasdaq listing under FISN and says its reactor is unproven; it drilled its first well and plans NRC licensing in early 2027.

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a Bitcoin chart with the caption 'Even more orange,' hinting at potential Bitcoin purchases. Strategy is the largest public company holding Bitcoin, with 846,000 BTC. Last week, it bought 950 BTC worth about $76 million. Bitcoin is trading near $84,974, 13% above Strategy's average cost of $75,416 per coin.

Starbucks plans to close 250 North American stores, about 1% of its total locations, due to poor customer experience or financial non-viability. The closures are part of a $1 billion restructuring plan by CEO Brian Niccol and will cost approximately $300 million. Despite the closures, the company reported 7.9% same-store sales growth and plans to open new cafés.

TotalEnergies (TTE) announced a Final Investment Decision for the Absheron gas field, aiming to boost production by 2029. The project, with partners SOCAR and XRG, targets 6 billion cubic meters of gas and 47,000 barrels of condensate daily. TTE offers a 4.41% dividend yield with a 50% payout ratio and a 3-year growth rate of 6.6%, while trading 30.1% above its GF Value™.

Riot Platforms (RIOT) repaid a $200 million Coinbase loan, releasing 5,821 bitcoin worth ~$494 million. The Nasdaq-listed Bitcoin miner now controls these coins unrestricted. Riot has been selling more Bitcoin than it mines, funding AI data center expansion. Bitcoin's price has risen since June, when the pledged coins were worth $340.7 million.