BITPRISMIA
Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year.
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business.
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.
Marathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe.
Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out.
PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!
The Coinbase CEO has a lot of faith that Congress will make a “clear rule book” for crypto firms to follow. But the Securities and Exchange Commission? Not so much.
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.