CoinShares' Losses From Terra's Slide Hit $21.4M
Liquidating the digital asset firm's position was a "humbling lesson," the CEO said.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LJV3VPBEVZBJFH4XO6V5POGQI4.jpg )
Sponsored
May 31, 2022 at 3:24 p.m. UTC
May 31, 2022
earnings
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RVH3BUKXT5CZ3ES7F655YNVBQQ.jpg )
Nvidia’s Crypto Mining Chip Revenue Now ‘Nominal’ Following Months of Decline
A drop in crypto mining chip sales dragged down the chipmaker’s OEM business unit year-over-year.
Sponsored
May 25, 2022 at 9:45 p.m. UTC
May 25, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3NXR75ZBORHP7AV7XSFFSH4CPA.JPG )
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Canaan shares climbed after first-quarter earnings beat one analyst's estimates.
Sponsored
May 19, 2022 at 11:33 a.m. UTC
May 19, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E4QCVMW63ZCLVLUREVIMLGZ37Y.jpg )
Argo Blockchain Q1 Net Income Plunges 90% to $2.1M
Bitcoin was priced in the $40,000 range for much of Q1 compared with nearly $60,000 in the same period a year earlier.
Sponsored
May 18, 2022 at 8:21 a.m. UTC
May 18, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NSHJ5NQZJVDD3FQKWWINN6ZYCM.jpeg )
Stronghold Digital Beats Q1 Revenue Estimates, Misses on Earnings
Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.
Sponsored
May 16, 2022 at 9:21 p.m. UTC
May 16, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PRMIIODHMFHRHPMXACE2OZDRGE.jpg )
Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year
The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year.
Sponsored
May 16, 2022 at 2:05 p.m. UTC
May 16, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/IUJZNWXTLBFAPKBU6VMS57UHFQ.jpg )
Galaxy Digital Sees Quarter-to-Date Loss of $300M
The Mike Novogratz-led firm said it has a liquidity position of around $1.6 billion, split 50/50 between cash and net digital assets.
Sponsored
May 13, 2022 at 12:40 p.m. UTC
May 13, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QQXEGZS5SFAVVGHTTPGNIY6PC4.jpg )
Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook
The miner said it has also received overtures about potential M&A deals as some other miners struggle to finance their growth.
Sponsored
May 12, 2022 at 10:48 p.m. UTC
May 12, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AQF3XGSADRGIXNSOREBPP2X24U.jpg )
Core Scientific Cuts Hashrate Outlook, Q1 Revenue Misses Estimates
Despite the shortfalls, the bitcoin miner's shares were up in after-hours trading.
Sponsored
May 12, 2022 at 8:30 p.m. UTC
May 12, 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5MC5UYAUM5GCHLOUHYRCH2PM5I.jpg )
Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.
Sponsored
May 11, 2022 at 8:52 p.m. UTC
May 11, 2022