Earnings
Mining-Rig Maker Canaan Q1 Revenue More Than Triples
Canaan shares climbed after first-quarter earnings beat one analyst's estimates.
Argo Blockchain Q1 Net Income Plunges 90% to $2.1M
Bitcoin was priced in the $40,000 range for much of Q1 compared with nearly $60,000 in the same period a year earlier.
Stronghold Digital Beats Q1 Revenue Estimates, Misses on Earnings
Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.
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
