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Earnings
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.
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.
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 Cuts Hashrate Outlook, Q1 Revenue Misses Estimates
Despite the shortfalls, the bitcoin miner's shares were up in after-hours trading.
Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.
Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution
Shares of Coinbase Global (COIN) tumbled nearly 25% Wednesday after the crypto exchange reported disappointing first-quarter earnings. Still, CEO Brian Armstrong tweeted his company is in no danger of bankruptcy, and that its latest SEC filing is simply a requirement. “The Hash” hosts discuss the outlook for Coinbase amid a sour mood in the markets.
Bitcoin Miner Riot First-Quarter Revenue Misses Estimate
The miner reiterated its hashrate guidance of 12.8 EH/s
Bitcoin Miner CleanSpark Tops Quarterly Estimates
The company funded its growth and capital expenditure plans with the sale of mined bitcoin.
Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken
Coinbase’s first-quarter results could see some soft spots as crypto prices continue to retreat.
Block Misses Q1 Estimates, Posts $1.73B in Bitcoin Transactions
The payments firm formerly known as Square said it didn’t record any bitcoin impairment charges in the quarter.