Heatbit launches a water heater component named Bitwater that can be screwed into existing electric water tanks in the United States and Canada, mining Bitcoin while heating water. The product uses 20 Bitcoin mining chips, with a maximum computing power of 34 TH /s and a maximum power consumption of 600 watts. The initial pre-sale price is $899, with subsequent batches costing up to $1,299.

According to Bloomberg, Volkswagen Group has suspended further investment in its electric vehicle project in India, awaiting a more definitive business plan with the Indian JSW group regarding potential cooperation. Sources familiar with the matter say that Volkswagen has completed the relevant design work, but subsequent investments will still depend on the progress of negotiations.

Elon Musk has successively mentioned the potential merger during the financial report conferences of SpaceX and Tesla, sparking ongoing discussions on Wall Street. Reports indicate that the two companies have established a special committee to evaluate the transaction, but regulatory issues, voting rights, and cross-border reviews may all pose obstacles.

Cambricon Discloses Third Quarter Report for 2026: Revenue in the Third Quarter Was 3.531 Billion Yuan, a Year-on-Year Increase of 104.47%; Net Profit attributable to the Parent Company Was 1.404 Billion Yuan, a Year-on-Year Increase of 147.74%. Revenue for the First Three Quarters Was 9.526 Billion Yuan, a Year-on-Year Increase of 106.76%; Net Profit attributable to the Parent Company Was 3.715 Billion Yuan, a Year-on-Year Increase of 131.49%. The company stated that the revenue growth was mainly due to the continuous expansion of the market and active support for the implementation of artificial intelligence applications.

First Citizen Bank Corporation stated that the board of directors has announced dividends for common stock and various types of preferred stock, which will be paid to shareholders registered as of November 30, 2026, on December 15, 2026.