Silvergate shares tumble 30% after crypto-friendly lender delays filing annual report

A series of events have left it at risk of “being less than well-capitalized,” and the company is evaluating those events’ impact on its ability to continue as a going concern, Silvergate said in a regulatory filing Wednesday. “The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company,” it added. Silvergate reported an unaudited net loss of $948.7 million for the year of 2022.