Matt Yamamoto is a research analyst for CoinDesk, focusing mainly on crypto companies and listed products. Prior to CoinDesk, Matt worked as a research analyst at The Block, an equity analyst at D.A. Davidson, and an associate contract bond underwriter at HCC Surety Group.
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.
BitFarms used high-interest-rate debt with large balloon payments to expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research.
Bitcoin mining hardware manufacturer Ebang wants to raise $100 million through a U.S. IPO. But that could be a risky investment, CoinDesk Research's Matt Yamamoto reports.