Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’...
Tag: revenue
Bitcoin mining revenue at 2-year low: hashrate falling – crypto.news
The revenue perceived by Bitcoin miners has seen a sharp decrease following the market crash caused by the fall of major crypto exchange FTX. The total Bitcoin mining revenue recently fell down to $11...
Pinduoduo stock jumps toward a 1-year high after big profit and revenue beats
The U.S.-listed shares of Pinduoduo Inc. PDD, +13.76% shot up 10.1% toward a one-year high in premarket trading Monday, after the China-based mobile marketplace reported third-quarter profit and reven...
Bitcoin Miners’ Revenue Lowest Since November 2020
The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the proceedings from mining. Data fro...
Bitcoin mining revenue lowest in two years, hash rate on the decline
The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the...
Chinese Delivery Giant Meituan Reports 28% Jump in Q3 2022 Revenue
After Asian trading hours, the shares of the company 1.66% to 136.60 HKD. Hopefully, the company’s shares will rebound when investors soak in the positive financials shared in the coming weeks Chinese...
Apple’s iPhone Issues Could Hit Revenue. Why Analysts Say Not to Worry.
Apple is facing delivery problems for some iPhones as issues at a critical factory in China continue. But analysts are playing down the potential long-term impact on the company. Apple (ticker: AAPL) ...
Elon Musk’s Subscription Revenue Proposal for Twitter at Odds With Apple
Since Elon Musk assumed control of Twitter last month, he has made significant, though unclear, announcements about its future. Musk’s plan to increase subscription revenue triggers conflict with appl...
Russia to Start State-Run Crypto Exchange to Boost Tax Revenue
Russia is planning to create a national cryptocurrency exchange because it believes it is losing out on billions of rubles of tax revenue. Sergei Altukhov, a member of the State Duma economic policy c...
Xiaomi Reports Q3 2022 Financial Results, Slips 9.7% on Revenue YoY
The Xiaomi Q3 2022 report reveals that the company netted a slightly less-than-expected 70.17 billion in revenue amid China’s harsh Covid measures. Xiaomi Corp posted its Q3 2022 earnings report on We...
Revenue And Profit Trends At The Toy-Making Giant
| Getty Images Key takeaways Hasbro has doubled down on its Magic card game, upsetting many fans. Both net revenue and earnings are down year-over-year. To help ease higher inventory levels, the toyma...
Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG
Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. A potentia...
Medtronic stock falls after profit beats expectations but revenue misses, and outlook is downbeat
Shares of Medtronic PLC MDT, -6.14% dropped 2.4% in premarket trading Tuesday, after the medical devices maker reported fiscal second-quarter profit that topped expectations but revenue that missed an...
Baidu Beats Revenue Expectations Despite Continued Covid Worries
Baidu on Tuesday became the latest Chinese technology company to report a return to annual growth, as it beat expectations for its third-quarter revenue. Baidu (ticker: BIDU)—often referred to as Chi...
BitNile Holdings Reports Third Quarter 2022 Financial Results, Including Revenue of $100 Million for the Nine Months Ended September 30, 2022, up 124% from the Prior Year’s Nine-Month Period
LAS VEGAS–(BUSINESS WIRE)–$ALZN #100_million_gross_revenue—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), reported its financial results for ...
Disney Fell Short Of Expectation Of Profit And Revenue
Walt disney theme parks are still looking to get back to normal before covid. Meanwhile the relaunch of disney fan favorites did not go as planned. Disney has fell short for the expectations of profit...
Alibaba Misses Q2 2023 Revenue Expectations with Slow Spending and Covid Restrictions
China experienced abnormal logistics and delivery services due to COVID-19 protocols which led to major drop in sales for Alibaba last quarter. On Thursday, November 17, Chinese e-commerce giant Aliba...
Camtek Registers 16% Revenue Growth In Q3 Aided By Diversified Customers, Geographies
Camtek Ltd (NASDAQ: CAMT) reported third-quarter FY22 revenue growth of 16% year-on-year to $81.99 million, slightly missing the consensus of $82 million. The non-GAAP gross margin contracted 190 bps ...
GM EV unit BrightDrop forecasts $1 billion in 2023 revenue
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General M...
Hive Blockchain revenue slipped by 44%
The second quarter report of Hive Blockchain got released. As per the report, the revenue slipped by 44% year over year. Hive Blockchain, the first publicly traded crypto miner, released its second-qu...
Revenue beats expectations, bottom line falls short
Graphics chip giant Nvidia (NVDA) announced its Q3 earnings after the closing bell on Wednesday, beating analysts’ expectations on revenue, but falling short on earnings per share. Here’s ...
Nvidia revenue beats estimates, gaming segment also tops expectations
Nvidia’s fiscal third quarter revenue beat analyst estimates while sales from its gaming segment, which includes crypto-related revenue, also topped expectations. The chipmaker posted quar...
Golden Ocean Clocks 27% Revenue Decline In Q3, Declares Dividend
Golden Ocean Group Ltd (NASDAQ: GOGL) reported a third-quarter FY22 sales decline of 27.2% year-on-year to $282.05 million. Reported TCE rates for Capesize and Panamax/Ultramax vessels of $22,658 per ...
Tencent international gaming revenue increases while domestic earnings fall
Tencent, the world’s largest gaming company, saw a 3% increase in its international gaming revenue to $1.65 billion in the third quarter as domestic Chinese revenue dropped 7% following two year...
CMC Markets’ Net Trading Revenue plunges up by 27%
CMC Markets, a London-based brokerage group, released their six months interim financials between April and September, reflecting a 21% hike in its net operating income (NOI), generating £153.5 millio...
UiPath stock rockets after company announces further layoffs, suggests revenue could beat
Shares of UiPath Inc. PATH, +11.29% were headed more than 11% higher in premarket trading Tuesday after the automation software company announced preliminary revenue ahead of expectations and disclose...
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $...
Trezor reports 300% surge in sales revenue due to FTX contagion
Amid growing concerns over centralized cryptocurrency exchanges in the wake of the FTX crisis, investors are increasingly moving to hardware crypto wallets. A major hardware wallet provider, Trezor, h...