Earnings
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.
Hut 8's Q2 Loss Widens to $69M, Continues to 'Hodl' Bitcoin
The lower price of bitcoin and higher power costs hurt the results.
After Brutal Q2, Coinbase Needs to ‘Get Smart’ About Revenue Streams: Analyst Says
Michael Safai, managing partner at Dexterity Capital, joined CoinDesk TV’s “First Mover” to discuss Coinbase's second-quarter earnings and the outlook for the crypto exchange.
Bitcoin Miner Riot Blockchain Delays Earnings Report to Sort Out How Much Crypto Rout Devalued Its Assets
Its rivals Marathon, Cipher and CleanSpark all managed to get their results out this week as expected.
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
The miner suffered a $29.3 million loss for the fiscal quarter, partly driven by the previously disclosed decision to sell its energy assets.
Coinbase Shares Drop as Crypto Winter Takes Toll on Exchange's Trading Volume
The company faced earnings headwinds, although prices have stabilized recently and the company just struck a deal with BlackRock.
Cipher Mining Lowers Per-Terahash Cost of Crypto Mining Rigs Even as Quarterly Loss Widens
The miner expects to have 6.9 exahashes per second of computing power deployed by early 2023.
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings in the second quarter.
