BlockBeats News, August 13th, according to BIT (bit.com) market data, the Neocloud sector of the US stock market strengthened after the opening, with IREN rising over 5%, NEBIUS and Coreweave opening low and rising over 3%.

The leader of the Neocloud sector, NEBIUS, rose 34.14% yesterday, marking the largest increase since September last year. Nebius (NBIS) recently released its second-quarter financial report, with Q2 revenue reaching $582.3 million, a 454% increase from $105.1 million in the same period last year. EBITDA for the second quarter was $236.2 million on an adjusted basis, a turnaround from a $21 million loss in the same period last year; adjusted net loss was $33.2 million, narrowing by 64% from a $91.5 million loss in the same period last year.