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Nalezeno "Q2 Earnings": 443

Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August


August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...

Bitcoin Miners Pivot To Other Areas In Quest To Diversify Earnings: JP Morgan


Digital asset miners are moving to other business ventures including offering high-powered technology services to artificial intelligence (AI) companies to improve earnings. A new report from JP Morgan shows that crypto-based mining firms are expanding their operations to include high-performance...

Going Crypto Makes Sense for Elon Musk’s X


While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon...

Robinhood's Q2 Earnings Show 18% Decline in Crypto Trading Revenue


In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter's $38 million.  Despite this decline, Robinhood achieved profitability...

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