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Earnings
Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
Meta reported revenue of $452 million for the division, down from $695 million in the first quarter.
Tesla Recorded $64M Gain on Bitcoin Sales in Q2
The electric car company also posted an impairment of $170 million on its remaining bitcoin holdings.
Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
The bank posted strong second-quarter earnings, outperforming its crypto peers’ due to strong risk management.
Tesla Sold $936M Worth of Bitcoin in Second Quarter
The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.
Silvergate's Q2 Net Income Jumps 85%, Shares Spike
The crypto bank's stock rose about 22% in Tuesday's trading session.
CoinShares' Losses From Terra's Slide Hit $21.4M
Liquidating the digital asset firm's position was a "humbling lesson," the CEO said.
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.
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Canaan shares climbed after first-quarter earnings beat one analyst's estimates.
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.
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.
