Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
Earnings
Bitcoin Miner Marathon Digital Misses Q3 Earnings and Revenue Estimates
The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.
Coinbase Beats Q3 Earnings Estimates, But Trading Volume Fell
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.
AI-Related Tokens Hold Gains After Nvidia’s Big Beat Solidifies Bullish Outlook
The tokens such as FET, GRT, AGIX rose/fell tktk
Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.
Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite
The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November.
Bitcoin Miner Marathon First-Quarter Earnings Beat Estimates as SEC Extends Probe
The U.S. regulatory body is probing related-party transactions that may have violated securities laws.
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year.
Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market
The figure compares with a net losses of $111.7 million in the year-earlier period and $288 million in the fourth quarter.