Search
Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats
1.8.2024
The crypto market pulled back from the first-quarter's record highs during the three-month period
Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
1.8.2024
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
MicroStrategy Reports Net Loss of $53.1M in Q1 of 2024 and Yearly Revenue Decline of 5%
30.4.2024
Bitcoin (BTC) development company MicroStrategy reported a net loss for the first quarter of 2024 of $53.1 million, or $3.09 per share on Monday.
The post MicroStrategy Reports Net Loss of $53.1M in Q1 of 2024 and Yearly Revenue Decline of 5% appeared first on Cryptonews
MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
30.4.2024
MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account
Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition
12.4.2024
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023.
The post Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition appeared first on Cryptonews
Web3 Game Developer Wemade Reports Widening Losses in Q4 2023
6.2.2024
South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6...
Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps
14.11.2023
The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations
Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
29.8.2023
Bitcoin mining firm Canaan posts second quarter financials, with Bitcoin mining revenue up 43% from Q1 2023, though net loss also rose 31% to $110 million
Riot platforms brings down its net loss in Q2
10.8.2023
Riot Platforms is a venture that is exclusively engaged in the mining activity of Bitcoin, or BTC. The Colorado-based mining venture has revealed that it was finally able to bring down the net loss in the second quarter of 2023. When compared with the second quarter of the previous year (2022),...
Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
10.8.2023
The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production
Bitcoin miner Canaan's net loss slightly improved in Q1 amid market turbulence
26.5.2023
Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous quarter
Galaxy Digital swings to profit after $1B net loss in 2022
28.3.2023
The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023
Tesla records $140M Bitcoin net loss in 2022
31.1.2023
The electric vehicle maker earned $64 million in profits from Bitcoin trading, which was offset by a $204 million impairment
Silvergate reports $1B net loss in the fourth quarter of 2022
17.1.2023
The report highlighted that the average deposits in the fourth quarter were $7.3 billion which was lower than the third quarter which had $12 billion
Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO
9.11.2022
The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date
Galaxy Digital Q2 Net Loss Jumps to $554.7M
8.8.2022
The massive jump in losses was mainly due to the crypto market downturn and on investments in their trading business
GameStop Eyes Incoming NFT Marketplace As Net Loss Widens
2.6.2022
Following the mixed financial results for the first quarter of the fiscal year 2022, the video game retailer GameStop said that it is taking steps to upgrade its digital asset wallet, with plans to enable transactions on its designed GameStop non-fungible token (NFT) marketplace upon...