Dan Dolev sees Coinbase missing Q3 revenue estimates by 10%
Mizuho analyst forecasts up to $652 million in revenue for Coinbase in Q3. Dan Dolev continues to see sharp downside in the crypto stock to $27. Coinbase shares are already down roughly 35% versus their YTD high. Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday. Its shares are down 1.0% at […]
Recently listed Bitcoin Depot reports record revenue for its Q2
Bitcoin Depot reports an 18% annualised growth in its Q2 revenue. The Bitcoin ATM operator also updated its full-year guidance today. Bitcoin Depot stock is in the green only marginally on Monday. Bitcoin Depot Inc says its revenue jumped 18% to a record $197.5 million in the second quarter. The stock is still only marginally […]
CleanSpark reports a 47% annualised growth in quarterly revenue
CleanSpark narrowed its loss in its fiscal third quarter. The bitcoin mining company had a blockbuster July. CleanSpark shares are up over 150% YTD at writing. Bitcoin miner CleanSpark Inc is trading slightly up in extended hours after reporting a narrower-than-expected loss for its fiscal third quarter. CleanSpark Q3 financial highlights Lost $14.2 million versus […]
Block reports a 34% increase in its second-quarter Bitcoin revenue
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Should you buy Block stock on a boost to bitcoin revenue in Q1?
Block didn’t see an impairment loss on its bitcoin holdings in Q1. Analysts at KeyBanc continue to see upside in its shares to $85. Block stock is currently down about 5.0% versus the start of 2023. Block Inc says it did not see an impairment loss related to its bitcoin hoard in the first financial […]
Argo’s mining revenue fell nearly 28% in December 2022
Argo Blockchain mined 147 bitcoins in December 2022, down from 198 in November. Mining revenue was $2.49 million, compared to $3.46 million during the previous month. Argo sold its Helios facility to Galaxy Digital for $65 million as it looked to avoid nose-diving into bankruptcy. Argo Blockchain, a leading Bitcoin miner that endured a terrible […]