Topline Rep. Liz Cheney (R-Wyo.)—an outspoken critic of former President Donald Trump and one of 10 House Republicans who voted to impeach him—is “thinking” about running for president in 2024, she to...
Tag: Loss
Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022
After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the secon...
Bitcoin miner Bitfarms reports $142 million second-quarter net loss
Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...
Bitcoin Miner Bitfarms Posts $142M Loss in Q2 as Rising Energy Prices Bite
Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 mi...
Weber stock up 20% despite a bigger-than-expected Q3 loss
Weber Inc (NYSE: WEBR) is up 20% on Monday after the grills and related accessories maker reported better-than-expected sales for its fiscal third quarter. Weber Q3 earnings snapshot Swung to a $7.5 m...
Coinbase posts $1.1B loss, Polygon dApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Core Scientific beats on revenue, posts net loss in second quarter
Core Scientific posted an $862 million net loss in the second quarter, the bulk of which was due to an $840 million goodwill impairment charge and a $150.2 million impairment on digital assets. The b...
The Good, Bad And Ugly Of The Green Bay Packers’ Preseason Loss To San Francisco
Green Bay Packers quarterback Jordan Love threw two touchdowns and three interceptions Friday. Copyright 2022 The Associated Press. All rights reserved When you last saw the Green Bay Packers, San Fra...
Bitcoin miner Hut 8 reports $69 million second-quarter net loss
Bitcoin miner Hut 8 reported a net loss of C$88.1 million (about $69 million) and a 17.8% decline in revenue to C$43.9 ($34.3 million) in the second quarter of 2022. The company’s financial resu...
Core Scientific Records $862m Loss in Q2, follows by 10 % Workforce Laid off
Core Scientific, a large publicly traded cryptocurrency mining company in North America, announced its second quarter 2022 update and said it was laying off 10% of its workforce as it reported an $862...
Rivian shares waver as automaker sees wider loss for the year
Though EV maker Rivian (RIVN) maintained its production forecast for the year, with shares wavering in extended trading as its sees a wider loss for the year. For the second quarter, Rivian reported: ...
Coinbase Shares Drop As Crypto Exchange Reports $1.1 Billion Net Loss in Q2
The price of Coinbase (COIN) is dropping after the publicly-traded crypto exchange operator reports losses of over $1 billion in the second quarter of the year. In its latest letter to shareholders, C...
CleanSpark posts $29.3 million net loss and will exit the energy business
Bitcoin miner CleanSpark posted a net loss of $29.3 million in the third quarter of its fiscal year ending in June, compared with a net loss $170,000 in the previous quarter. The company is exiting en...
SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images Billionaire Masayoshi Son’s SoftBank Gro...
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trad...
Marathon Digital Published Its $192 Million Net Loss in Q2
Marathon Digital, a crypto miner, has suffered a net loss of around $192 million in the second quarter. The company stated on Monday that it is mainly because of the BTC’s declining price. While the l...
Blur Finance allegedly rug pulled, investors at a combined $600K loss
Yield aggregator platform Blur Finance has allegedly been rug pulled as over $600,000 worth of tokens was withdrawn within minutes. Security firm PeckShield tweeted on August 10 that Blur Finance deve...
Coinbase Records $1B Loss as Crypto Trading Volume Plummets
Coinbase, the largest cryptocurrency exchange in the U.S. by volume, has posted a loss of more than $1.1 billion for the second quarter. The publicly-listed exchange fell short of its target for the q...
Coinbase stock nosedives 10% after reporting a $1.1 billion loss
Coinbase Global (NASDAQ: COIN) slid 10% during the trading session on August 9 after the cryptocurrency trading platform released earnings, revealing that there was less trading volume and a reduced n...
Crypto Exchange Coinbase Reports $1 Billion Loss in Q2, COIN Stock Tanks 10%
On Tuesday, August 9, crypto exchange Coinbase (NASDAQ: COIN) reported its earnings for the second quarter of 2022. During Q2, the company reported a loss of a staggering $1 billion. Coinbase’s loss p...
Coinbase records $1 billion loss in Q2
Coinbase has announced its financial returns for the second quarter of 2022. In the financial statement, the crypto exchange posted a loss of more than $1 billion to end the quarter. According to its ...
Energy, weather problems helped push bitcoin miner Marathon to $191.6 million net loss
Bitcoin miner Marathon saw a net loss of $191.6 million in the second quarter of 2022, a significant jump from a $13 million net loss in the first quarter. Revenues fell 51.8% to $24.9 million. The co...
Coinbase reports $1.10B loss in Q2 as assets on exchange slump
Coinbase Global’s second-quarter results show that the crypto exchange recorded a net loss of $1.10 billion during the period. This compares to a loss of $430 million in the first quarter and a net in...
Galaxy Digital eyeing more M&A despite $554 million loss
Galaxy Digital is looking at acquisitions to add new areas to its core businesses. Founder and CEO Michael Novogratz noted the firm has $1 billion in cash to spend and that it continues to raise capit...
Galaxy Digital Records Over Half a Billion Loss in Q2
Despite a severe downturn during the second quarter, Galaxy Digital maintains a solid cash position sufficient to deal with any further headwinds. On Monday, August 8, Galaxy Digital Holdings released...
Galaxy Digital Incurs $554.7 Million Comprehensive Loss in Q2
7 hours ago | 2 mins read Bitcoin News Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for ...
Galaxy Digital’s $554 million loss triples from a year ago
Galaxy Digital reported a loss of more than $554 million for the second quarter, compared to a $182.9 million loss in the prior year period amid a tumble in crypto asset prices. The digital asset-focu...
Galaxy Digital’s Q2 Net Loss Tripled To $554.7 Million Amid Market Turmoil
Galaxy Digital Holdings Ltd, on Monday, announced its second-quarter earnings report that showed that the company has more than tripled the amount of the net loss it witnessed in the same period last ...
Crypto Miner Marathon Digital Posts $192M Net Loss in Q2
Marathon produced 707 bitcoins in the second quarter, a 44% decrease from the prior quarter The miner’s stock price closed at $14.43 on Monday — up about 1.8% for the day Cryptocurrency miner Marathon...
SoftBank CEO plans widespread cost cuts as tech investments suffer, leading to a $23 billion loss
Japanese conglomerate and tech investing powerhouse SoftBank revealed on Monday that it lost $23 billion between April and June, the most significant quarterly loss in the company’s history. CEO Masay...