Browsing the "Financial Reporting" Tag

London-Listed Argo Blockchain Adds 1,000 Miners in Bid to Salvage Stock Price

| Yogita Khatri

Struggling crypto mining firm Argo Blockchain says it's expecting to break even in the second quarter after an investment in new equipment.

Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1

| Yogita Khatri

Blockchain payments startup Ripple has reported a 31 percent quarter-to-quarter increase in sales of XRP.

Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates

| Yogita Khatri

Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to Reuters' calculations.

Crypto Exchange Bithumb Posts $180 Million Loss for 2018

| Yogita Khatri

Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018.

Square Brought in Over $166 Million Through Bitcoin Sales Last Year

| Yogita Khatri

Mobile payments firm Square has reported its revenue and profits from bitcoin sales in 2018.

Australian Regulator Trials Blockchain to Automate Transaction Reporting

| Yogita Khatri

Australian financial regulator AUSTRAC is trialing blockchain technology to automate reporting of cross-border transactions by institutions.

Nvidia Says Crypto Drop-Off Helped Drive ‘Disappointing’ Fourth Quarter

| Daniel Palmer

Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.

GMO Internet’s Crypto Business Reports $12 Million Loss in 2018

| Yogita Khatri

Japanese IT giant GMO Internet has reported an operating loss of nearly $12 million for its crypto business in 2018, with mining worst hit.

Chip Maker TSMC Reports ‘Big Drop’ in Crypto Mining Revenue

| Yogita Khatri

Chip-making giant TSMC has reported a significant drop in revenue for its crypto mining segment in 2018.

GMO Quits Selling Mining Machines After Crypto Market Downturn

| Yogita Khatri

Japanese IT giant GMO Internet plans to stop making and selling crypto mining machines, only months after launching its B3 miner.