The Sept. 28 earnings report is being called the most important event of the year for the stock market.
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
MicroStrategy posted a net loss of $123 million for the second quarter, an improvement from the $137 million loss in the previous quarter. The company narrowed its quarterly losses on the back of lower impairment losses and a strategic increase in Bitcoin holdings, which now total 226,500 BTC. Following the earnings announcement, MicroStrategy’s stock climbed […]
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The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.
Coinbase (COIN) reported second-quarter earnings on Thursday.
MicroStrategy, a prominent Bitcoin holder, faces scrutiny regarding its cash flows ahead of its earnings report. On July 31, Michael Saylor, a prominent Bitcoin advocate, announced that the company would release its earnings on Aug. 1 after market close and host a live webinar to discuss the results. Cash flow concerns Bloomberg reported that MicroStrategy’s […]
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The crypto market pulled back from the first-quarter's record highs during the three-month period.
Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect […]
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BTC price rallied as an improved regulatory outlook in the US and a series of improvements in the Bitcoin ecosystem altered investor expectations.
The surging trading volumes helped the bank reach profitability for the first time.
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.
Coinbase reported revenues of $1.64 billion during the first quarter, surpassing the expected $1.34 billion amount. The surge in revenue comes amid a robust Bitcoin rally that has significantly impacted the crypto market. The company’s earnings stood at $4.40 per share, a substantial improvement from the $1.09 average analyst estimate, though differences in accounting methods […]
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Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over?
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
The shares of the popular trading platform rose 15% after beating earnings and revenue estimates.
Disney cut its metaverse division less than a year ago but is now looking like it’s teaming up with Epic Games to build one after all.