Robinhood’s crypto revenue nearly matches last quarter’s, with plan to buy back $500 million in stock from Sam Bankman-Fried ‘ongoing’

Year-over-year crypto revenue fell 30%, but a 1% decline from the fourth quarter could be a good omen.

• 2023-05-11
• Robinhood publicly traded company side hustles fourth quarter crypto exchange FTX transactions

Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022.

• 2023-03-21
• U.S. Securities and Exchange Commission Bitcoin Mining Bitfarms fourth quarter

Silvergate Capital shares tumble amid crypto fallout and Asana stock surges on upbeat guidance

Among Thursday's top moving U.S. stocks are Silvergate Capital, Signature Bank, Asana, Credit Suisse and more.

• 2023-03-09
• premarket trading Silvergate Capital Uber Technologies Inc Stock gainers fourth quarter stock

Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%

Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.

• 2023-03-09
• Bitcoin fourth quarter mining machines price of Bitcoin Canaan cryptocurrency mining

Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M

The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021.

• 2023-03-07
• mining machines Canaan computing power fourth quarter

Crypto Banker Silvergate Should Pay More Attention to Jamie Dimon Than Sam Bankman-Fried

Elon Musk confirms a new Tesla factory, Eli Lilly is cutting insulin prices, and other news to start your day.

• 2023-03-02
• Silvergate Silvergate Capital Signature Bank President Joe Biden fourth quarter Crypto Silvergate Sinks

CashApp and Square push Block’s year-over-year gross profit up 40% as Bitcoin sales lag

Despite the payment provider’s negligible Bitcoin profit, cofounder and CEO Jack Dorsey remains a Bitcoin evangelist.

• 2023-02-24
• gross profit Jack Dorsey Bitcoin trading fourth quarter digital wallet

Coinbase beats revenue estimates but still posts $2.6 billion loss for 2022 amid Crypto Winter

Revenue from stablecoin USDC continues to be a bright spot for the exchange.

• 2023-02-22
• Coinbase shareholder letter net revenue fourth quarter trading volume

Coinbase swings to quarterly loss as crypto winter hits trading volumes

Shares in Coinbase, which lost roughly 86% of their value in 2022, were down about 2% in extended trading after results. The market for digital assets has suffered from dour sentiment over the last year, as investors shunned risky assets amid spiraling market volatility and worries of an upcoming recession. But the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November.

• 2023-02-22
• cryptocurrency exchange fourth quarter Coinbase extended trading volumes crypto exchange

Crypto exchange Coinbase swings to quarterly loss

Crypto exchange Coinbase swings to quarterly loss

• 2023-02-22
• cryptocurrency exchange fourth quarter net loss