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Bitcoin Miners Pivot To Other Areas In Quest To Diversify Earnings: JP Morgan
21.8.2023
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...
Coinbase thrives with Q2 earnings, InQubeta presale on fire as QUBE bulls aim for big gains
16.8.2023
In the ever-changing landscape of cryptocurrency, significant developments often create ripples that have long-lasting impacts on investor decisions and market directions. Two such noteworthy events have recently caught the industry’s attention. On the one hand, Coinbase, a prominent figure...
Going Crypto Makes Sense for Elon Musk’s X
14.8.2023
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...
US bank reveals $170M in crypto holdings: Q2 earnings report
10.8.2023
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto
Bitcoin Miner Riot Posts Mixed Q2 Earnings Report, Sees Growing Consolidation in Industry
9.8.2023
Riot reported its second-quarter earnings after the close on Wednesday
Marathon Digital Q2 results miss revenue and earnings forecasts
9.8.2023
Despite the earnings miss, Marathon's CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023
Marathon Digital Misses Q2 Earnings and Revenue Estimates
8.8.2023
Coinbase earnings show the company is now much more than just an exchange
4.8.2023
The Coinbase earnings report shows that services and subscriptions are the exchanges’ core revenue streams. Is this a positive or a negative?
Robinhood's Q2 Earnings Show 18% Decline in Crypto Trading Revenue
4.8.2023
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...
Coinbase Bears Doubt Stock Can Rise Even After Beating Wall Street’s Estimates
4.8.2023
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said
Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
4.8.2023
Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year
Coinbase Q2 earnings beat estimates amid Blackrock custody deal, institutional focus
3.8.2023
The company beat estimates while non-trading revenue beat trading revenue
Coinbase Beats Analyst Estimates for Q2, but Transaction Revenue Falls
3.8.2023
The crypto exchange beat on both the top and bottom lines, but transaction revenue and total trading volume fell
Coinbase Analysts Remain Positive Ahead of Q2 Earnings Despite Regulatory Uncertainties
3.8.2023
Crypto trading platform Coinbase is poised for better-than-expected, Q2 earnings despite ongoing legal pressure against the firm and other industry giants, analysts say.
Consensus estimates from the financial data company FactSet call for revenues to decline to $629 million, down from $773 million...
GameStop’s Faithful Stock Fans Are Finally Having A Crisis
3.8.2023
NFTs and the blockchain were supposed to take GameStop to the moon. Now the flagging video game retailer is dropping support for its crypto wallet as the Securities and Exchange Commission threatens to crackdown on the burgeoning nexus of finance, tech, and online gambling. It’s the latest...
Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2
2.8.2023
The online trading platform reported second-quarter earnings after the close on Wednesday
Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes
2.8.2023
The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday
Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin
2.8.2023
MicroStrategy, one of the largest corporate holders of Bitcoin, said proceeds of the sale could be used to buy up even more Bitcoin
MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin
2.8.2023
Michael Saylor-founded MicroStrategy disclosed it now holds 12,800 Bitcoin as of July 30, and is back in the black
MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul
1.8.2023
The software firm reported its second-quarter earnings after the close on Tuesday