Energy Vault Holdings, Inc. shares rise 1.75% intraday after Royalty Management Holding Corporation announces new subsidiary focused on datacenter, AI, and alternative currency mining.

Energy Vault Holdings, Inc. rose 1.75% in intraday trading, with Royalty Management Holding Corporation announcing the creation of a subsidiary focused on datacenter, AI, and alternative currency mining sectors. The subsidiary, The Vault Holding Corporation, aims to monetize the company's growing assets and opportunities in these sectors, with potential for a public spinoff as part of expansion plans and capital optimization.