Earnings
Silvergate Shares Drop as USD Transfers, Digital Deposits Slowed in Q3
The digital asset bank grew its customer base to 1,677 during the third quarter.
Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says
Over half of that would come from the company's share of interest income from USDC reserves.
Sell-Side Analysts Trim Targets for Bitcoin Miner Argo Blockchain
Earlier this week, Argo lowered its year-end hashrate outlook from 5 EH/s to 3.2 EH/s.
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
The company’s second-half revenue and adjusted EBITDA fell mainly due to the decline in bitcoin prices.
Chipmaker Nvidia’s Crypto Mining Chip Revenue Continues to Fall
Sales of Nvidia’s cryptocurrency mining processor were deemed “nominal” for the second straight quarter.
Bitcoin Miner Marathon Digital Targets Trimmed by Cowen
The bank did lift its share price target to $9, but that remains below the stock's current level of about $14.
FTX Posted $1 Billion in Revenue Last Year Amid Crypto Rally: Report
Revenues soared 1,000% from just $89 million in 2020, according to internal documents seen by CNBC.
Bitcoin Mining Rig Maker Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
CEO Nangeng Zhang cited a slumping bitcoin price and COVID-19 lockdowns in China.
Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions
The company also posted an impairment charge of $99.8 million on its bitcoin holdings.
Coinbase's Credit Rating Gets Cut by S&P, Which Warns Crypto Winter Might Prompt More Reductions
The agency dropped the crypto exchange giant's rating to BB from BB+, citing "weak earnings" and increasing competition.
