Earnings


Finance

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.

A Tesla Model S car (Justin Sullivan/Getty Images)

Finance

Silvergate's Q2 Net Income Jumps 85%, Shares Spike

The crypto bank's stock rose about 22% in Tuesday's trading session.

img_20200211_133451

Finance

CoinShares' Losses From Terra's Slide Hit $21.4M

Liquidating the digital asset firm's position was a "humbling lesson," the CEO said.

Saint Helier, Jersey. (falco/Pixabay)

Finance

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.

A bitcoin mining facility. (Christinne Muschi/Bloomberg via Getty Images)

Finance

Mining-Rig Maker Canaan Q1 Revenue More Than Triples

Canaan shares climbed after first-quarter earnings beat one analyst's estimates.

Equipos de minería para bitcoin. (Sandali Handagama)

Finance

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.

Crypto mining machines

Finance

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.

Stronghold Digital Mining Inc.,

Finance

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.

Bitfarms' mining facility in Quebec, Bitfarms (Aoyon Ashraf for CoinDesk)

Finance

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.

Galaxy Digital CEO Mike Novogratz (CoinDesk)

Finance

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.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)