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...
Tag: Posts
FanDuel posts profitable quarter despite leaning in ‘harder’ on customer acquisition
FanDuel Sportsbook (PDYPY) reported its first quarterly profit on Friday, marking a seismic shift in the sports gambling industry. The company’s CEO Amy Howe stated the positive balance sheet came eve...
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...
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 Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY – Mining Bitcoin News
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having ...
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...
Morgan Stanley posts job offer hinting at crypto expansion plans
Investment banking giant Morgan Stanley has listed job postings that reveal the company’s future crypto plans. The leading investment bank and wealth management firm is looking to hire a product devel...
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin (BTC) business slumped on decreased customer de...
Portillo’s Posts Jump in Second Quarter Revenue on New Locations, Same-Store Sales
By Daniella Parra Chicago-style restaurant chain Portillo’s Inc. reported a 7% rise in second-quarter revenue, driven by both new location additions and higher same-store sales. Same-store sales gre...
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
London-based digital asset management firm Coinshares reported a loss before tax of £8.2 million for the second quarter, versus a profit before tax of £28.6 million a year ago, on the back of a one-of...
Coinbase stock posts 9 week high on rumors of better than expected earnings
Coinbase Global Inc (COIN) saw its stock price rise 18% on August 3, closing the day at $80.81 — a price not seen since May 31. During after-hours trading, COIN traded relatively flat, giving up less ...
UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | B...
French Banking Giant Societe Generale Posts 3.3 Billion Euros Loss in Q2
The bank reported a revenue hit of 7 billion euros for the quarter while its operating expenses topped 4.5 billion euros. French multinational banking giant Societe Generale SA (EPA: GLE) posted a 3.3...
Ford stock posts best month since the Great Recession
2023 Ford F-150 Raptor R Ford DETROIT — Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the Detroit automaker this year....
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
Shell Posts Record Quarterly Profit on Soaring Energy Prices
LONDON—Shell PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy. The London-based comp...
Alphabet Posts Q2 2022 Report, Misses on Earnings & Revenue
Multinational tech company Alphabet has posted its Q2 2022 report which shows a 13% slowdown in revenue growth. Google‘s parent Alphabet Inc (NASDAQ: GOOGL) recently posted its Q2 2022 report showing ...
SHIB Posts Modest Price Gains as Ethereum Whales Load up on 534 Billion SHIB
Tomiwabold Olajide Ethereum whales stockpile 534 billion SHIB, prompting modest increase in SHIB price According to CoinMarketCap data, Shiba Inu was posting modest gains in line with the latest crypt...
Tesla Sells Bitcoin for $64M Profit, Still Posts $170M Impairment Loss
For accounting purposes, Tesla must value its bitcoin at its lowest point during a quarter Tesla sold 75% of its BTC but Elon Musk said it’s open to buying more Plunging bitcoin prices have forced Tes...
Twitter Posts $270 Mln Quarterly Loss; Blames Elon Musk
Twitter reported a staggering decline in its revenue as the social media giant gets into the legal tussle with the world’s richest man, Elon Musk. Twitter share down by 12% over past 6 months Accordin...
BlockFi Posts Q2 Report, Reveals $1.8B in Outstanding Loans
Crypto lending platform BlockFi provided crucial insight into its loans, credit, and liquidity position in its “Q2 2022 Transparency Report”. Centralized crypto lender BlockFi revealed that it ended Q...
Twitter Posts $270 Million Loss In First Earnings Report Since Elon Musk ‘Terminated’ $44 Billion Takeover Deal
Topline Social media giant Twitter posted a worse-than-expected loss Friday morning in its first earnings report since billionaire Elon Musk backed out on a deal to buy the company, fueled in part by ...
Stock Futures Rise amid Generally Bleak Market as Goldman Sachs Posts Better-than-Expected Earnings
The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected. Goldman Sachs (NYSE: GS) finally released its anticipated earnings ...
IBM Posts Highest Sales Growth in a Decade, Cuts Cash-Flow Estimate
(Bloomberg) — International Business Machines Corp. lowered its forecasts for free cash flow this year due to the impact of a strong dollar and the loss of business in Russia, sending the shares...
Polkadot Posts Impressive Q2 Report and Promises the Best Is Yet to Come – crypto.news
On June 30 in Buenos Aires, hundreds of delegates gathered to hear from Polkadot head honcho Dr Gavin Wood. Together with a glut of developers and leaders from Polkadot, Kusama, the Web3 Foundation, a...
Nervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors. One crypto that managed to flash green on...
Swiss Post’s banking arm developing in-house crypto custody platform
Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank wit...
British Army’s YouTube And Twitter Accounts Hacked—And Flooded With Crypto Posts
Topline The British Army said Sunday afternoon it has launched an investigation into a breach of its Twitter and YouTube accounts hours earlier, which led to the military branch’s accounts being used ...