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Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
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Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
11.5.2024
In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes...
Core Scientific Records $211 Million Net Income in Q1 2024
9.5.2024
Core Scientific reports a turnaround with a net income of $211 million in the first quarter of 2024, marking a recovery from last year's financial losses with 2,825 self-mined Bitcoin.
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Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’
9.5.2024
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter
Crypto Experts Bulk Up on New Web3 Utility Coin – Next Big Bitcoin Challenger?
7.5.2024
Crypto experts are bulking up on what could be crypto’s best new web3 utility coin ICO Mega Dice (DICE), a fast-growing crypto casino platform that combines aspects of GambleFi, GameFi, is a passive income gem, and has one of web3’s most exciting airdrops.
The post Crypto Experts Bulk Up on...
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
2.5.2024
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
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Bitcoin miner Riot Platforms reports record $211M Q1 net income
2.5.2024
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine
IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers
20.4.2024
The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions.
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Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY
19.4.2024
The Ethereum network reported a robust income of $365 million in the first quarter of 2024, an impressive year-on-year quarterly revenue growth rate of 155%.
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Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter
3.4.2024
The Ethereum network has experienced significant growth in the first quarter of 2024, with positive performance across various income statement metrics.
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Grayscale Launches Proof-of-Stake Investment Fund for Accredited Millionaires
30.3.2024
Grayscale, a prominent digital asset management firm, has unveiled plans to launch a "dynamic income fund" dubbed GDIF, focused on investing in proof-of-stake tokens for millionaire investors.
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XRP Community Seeking New ICOs for Potential 1000% ROI Opportunities – Here’s the Latest
26.3.2024
With XRP (XRP) struggling to keep up with the broader crypto market on Tuesday as traders digest news that the SEC is seeking to impose a crippling $2 billion fine on XRP issuer Ripple, XRP community members are seeking new ICOs that present potential 1,000% return on income (ROI)...
Galaxy Digital Reports 2023 Net Income of $296M Following Year-Earlier $1B Loss
26.3.2024
The reversal marks a thawing of the crypto winter that occurred in 2023
UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income
23.3.2024
A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023...
Fidelity Incorporates Staking in Spot Ethereum ETF Offering to Boost Fund’s Income
19.3.2024
On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of...
El Salvador Woos Global Investors: 0% Income Tax!
14.3.2024
In a bold step, El Salvador has introduced innovative measures that attract foreign investments by canceling pay taxes on world investments. The 0% rate for these funds means they will not be liable to pay any taxes, as opposed to the general 30%, and is seen as a big step in making the country...
El Salvador Axes Income Tax for Investments From Abroad
13.3.2024
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas
Thailand Greenlights Income Tax Exemption for Investment Token Earnings: Report
13.3.2024
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes