Investors are urging Revolut to consider another secondary share sale as new stakeholders seek entry into the fintech firm, Bloomberg News reported on Feb. 27. Sources familiar with the matter told the news outlet that some shareholders were willing to sell shares in a transaction that could value the company at $60 billion. This represents […]
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With rising energy cost, many miners may not survive the 2028 halving, MARA said.
The largest publicly traded bitcoin miner holds XXX BTC on its balance sheet as of Dec. 31, 2024.
The bitcoin mining firm faced revenue declines but is betting on proprietary ASIC chips to drive future expansion.
The broker raised its Coinbase price target to $475 from $400 while maintaining its market outperform rating on the stock.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto led Robinhood’s record revenue figures with 487% quarter-over-quarter growth — 733% year-over-year, the analysts noted.
Robinhood reported a staggering 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion, as retail investors flocked back to digital assets amid Bitcoin’s (BTC) rally past $100,000 and renewed enthusiasm for the broader crypto market. The brokerage’s total transaction-based revenue more than doubled year-over-year, climbing 200% to $672 million. Crypto trading […]
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The crypto exchange reports fourth quarter results after the close on Thursday.
Tether reported $7.8 billion in Bitcoin (BTC) holdings in the fourth quarter, which boosted its profits to over $13 billion last year. The company’s informed price of $93,812 puts its Bitcoin stash at 83,758 BTC. Meanwhile, the firm’s profits increased by $5.3 billion in the fourth quarter. According to the assurance opinion conducted by global […]
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Bitcoin held above the $105,000 mark on Friday as markets reacted to the latest PCE data, which showed inflation in line with expectations.
The bitcoin futures basis has made a bearish move into negative territory for the first time in months, an analyst has said.
Telegram officially became profitable in 2024, generating over $1 billion in revenue for the first time, according to the platform’s founder, Pavel Durov. Durove announced the achievement in a social media post on Dec. 23, marking a pivotal moment for the messaging platform, which has faced persistent financial challenges, accumulating debt, and legal scrutiny in […]
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Solana-based memecoin launchpad Pump.Fun experienced a sharp 33% decline in revenue this week after disabling its live-streaming feature. According to DefiLlama data, the platform’s revenue fell from $5 million to $3.6 million in just one day, marking its most significant single-day drop since March. The decision came after a series of controversial incidents that triggered […]
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IREN is seeing a resurgence of interest from tech data centers to host their AI-related computing machines.Company executives also see the potential to pay a dividend in 2025.The shares rose nearly 30% after the earnings conference call, outperforming peers.
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%.
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.
Apple’s latest AI-infused iPhones have beaten analyst sales expectations for the quarter, pushing the tech player’s earnings past Wall Street estimates.
Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit. According to Tether’s latest assurance opinion, conducted by accounting firm […]
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Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity. The\ inquiries come from highly credible, financially stable […]
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The company missed consensus revenue expectations, analysts said.
The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.
Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours.
COIN shares have dropped in after-hours trading as the crypto exchange missed earnings estimates, blaming “softer market conditions.”
Coinbase Q3 earnings preview
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
Miners earned an average of $43,600 per exahash a second in daily block rewards last month, the lowest rate on record, the report said.