The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites.
Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges
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Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.
Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.
Robinhood’s Q1 Crypto Trading Volume Surged 224% as SEC Action Looms
The popular trading platform also beat first quarter revenue and earnings estimates.
Bitcoin mining revenue hits post halving yearly low
Daily revenue from Bitcoin mining dropped to under $3 million as opposed to the previous daily average of roughly $6 million in the first four months of 2024.
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
Block, Inc. Q1 results top estimates, shares jump after-hours
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.
3 signs hint that Bitcoin price is nearing a bottom
The result of today’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.
Bitcoin falls under $60K as BTC‘s futures premium drops to a 5-month low
Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over?
Galaxy Digital Has Several Positive Catalysts in Play This Year: Canaccord
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.
Galaxy Digital Reports 2023 Net Income of $296M Following Year-Earlier $1B Loss
The reversal marks a thawing of the crypto winter that occurred in 2023.
Robinhood Shares Jump in Premarket Trading After Blowout February Activity Levels
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
Bitcoin Miner Marathon’s Sales Beat Fails to Impress Wall Street
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
Bitcoin Miner Marathon’s Shares Outperform Peers Ahead of Possible ‘Strong’ Earnings Report
The miner is expected to report a “strong acceleration in Q/Q revenue growth” due to a rally in bitcoin prices, said a Jefferies analyst.
Nvidia’s Earnings Beat Estimates, Boosting Broader Market and AI Tokens
JPMorgan Analyst Criticizes Coinbase’s Lack of Insights Into Its ETF Business
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.
Coinbase Shares Surge After Beating Fourth-Quarter Profit Estimates
Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.