Breaks Categories: News

ThursdayAug 18, 2022 12:14 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Unaudited Q2 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended June 30, 2022. “We went through a challenging second quarter as the Bitcoin price continued to tumble down to under US$20 thousand. The COVID-19 containment lockdown in key cities in China also brought severe disruptions to our daily operations and demand for our AI chips,” said Nangeng Zhang, chairman and CEO of Canaan. “Facing these obstacles, we strived to deliver for our clients and achieved total computing power sold of 5.5 million Thash/s, up 27.5% sequentially. In order to support…

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WednesdayAug 17, 2022 12:17 pm

CryptoNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Announces Q2 2022 Results, Operational Update, Significant Debt Restructuring Events

Stronghold (NASDAQ: SDIG) has reported financial results for its second quarter ended June 30, 2022, provided an operational update and announced significant debt restructuring events. “Today we are announcing a series of transactions that we believe transform Stronghold into a materially less-levered, vertically integrated Bitcoin miner with significantly improved liquidity and flexibility to deploy capital opportunistically in a way that creates equity value through cycles in the Bitcoin and power markets,” said Greg Beard, co-chairman and chief executive officer of Stronghold. “By returning miners to NYDIG that served as the collateral for the non-recourse financing agreements and restructuring the WhiteHawk…

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WednesdayAug 17, 2022 12:03 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Q1 2023 Report

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is reporting its earnings for the first quarter 2023, the period ending June 30, 2022. According to the announcement, the company saw a strong gross mining margin of $27 million for the quarter, which represents an 18% increase over the prior quarter’s $22.9 million margin. The company pointed to its global Bitcoin and Ethereum mining operations as drivers for this growth, observing that the operations experienced significant hashrate growth during the quarter. The report also noted that HIVE maintains the best operational uptime among its peers and has repeatedly been the…

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TuesdayAug 16, 2022 3:18 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Q2 2022 Results, Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and data center hosting, reported financial results for the three-month period ended June 30, 2022. “We are extremely encouraged by Riot’s financial resilience and operational achievements this quarter,” said Jason Les, CEO of Riot. “We continued to make substantial progress in executing towards our ambitious growth plans, including completion of our first immersion-cooled building and the successful transition of all miners, which were previously hosted by Coinmint, to our Whinstone Facility, which will further reduce our operating costs. Going forward, we will continue to focus on executional excellence as…

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TuesdayAug 16, 2022 2:27 pm

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces $9.3M Registered Direct Offering

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a securities purchase agreement with certain institutional investors. According to the update, the agreement is for the purchase and sale of 15 ,566,665 of the company's American Depositary Shares (“ADSs”), Series A Warrants to purchase up to an aggregate of 15 ,566,665 ADSs and Series B Warrants to purchase up to an aggregate of 15,566,665 ADSs, at a combined purchase price of US$0.60 per ADS and associated warrants, in a registered direct offering. Each ADS represents ten Class A ordinary shares, par value US$0.00005 per…

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TuesdayAug 16, 2022 12:32 pm

CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Releases Q2 2022 Financial Report, Names New CFO

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, is reporting its Q2 2022 financial results for the period ended June 30, 2022; the company also noted key corporate updates. Highlights of the report included news that the company’s $1 billion processing volume is a 40% increase over Q1 processing volume and more than double the same period last year with GBOX revenues for the quarter reaching $7 million, up from $6.4 million from last year at this same time. In addition, the report noted that the company’s recently acquired Sky Financial portfolio showed Q2 processing volume at $769…

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FridayAug 12, 2022 11:36 am

CryptoNewsBreaks — BIT Mining Limited (NYSE: BTCM) Announces Plans to Release Q2 2022 Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, plans to release its unaudited financial results for the quarter ending June 30, 2022. The company plans on releasing the Q2 2022 numbers on Friday, Aug. 19, 2022, before the U.S. market opens. BIT has a long-term strategy that focuses on creating value across the cryptocurrency industry, including cryptocurrency mining, mining pool and data-center operation. In fact, BTCM The owns the world's top blockchain browser — BTC.com — as well as the comprehensive mining pool business operated under BTC.com. To view the full press release, visit https://ccw.fm/0lc90 About BIT Mining Limited…

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ThursdayAug 11, 2022 3:40 pm

CryptoNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Reschedules Q2 2022 Earnings Call

Stronghold (NASDAQ: SDIG) has announced that it is rescheduling its second quarter 2022 earnings conference to Monday, Aug. 15 at 5:00 p.m. Eastern Time. In addition, a press release detailing the results will be issued after the close of trading on the same day. During the call, Stronghold management will provide prepared remarks, followed by a question-and-answer period. Interested parties may join the event by dialing 1-646-307-1963 (U.S.) or 1-800-715-9871 (international) and entering conference ID: 4275661. The conference call will broadcast live and be available for replay at https://ccw.fm/jycLu. Attendees are asked to join via the conference telephone number approximately…

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ThursdayAug 11, 2022 10:30 am

CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Announces Participation in Upcoming Q3 Investor Summit

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, will be presenting at the upcoming Q3 Investor Summit. The two-day event, which is slated for Aug. 16–17, 2022, is hosted by Investor Summit Group. GreenBox chair Ben Errez will be presenting virtually; his presentation is scheduled for Aug. 17, 2022, at 12:30 p.m. ET. In addition, Errez will host one-on-one meetings with investors during the summit. The Q3 Investor Summit is designed to connect companies with leading investors. To view the webcast, visit https://ccw.fm/JKHk0 To view the full press release, visit https://ccw.fm/KhBKv About GreenBox POS GreenBox is an emerging financial technology…

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WednesdayAug 10, 2022 1:17 pm

CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Issues Q2 2022 Shareholder Letter

Coinbase Global Inc. (NASDAQ: COIN) has announced the release of its second quarter 2022 shareholder letter. The letter, including the company’s financial results, is available on Coinbase’s Investor Relations website. The company also held a question-and-answer session to discuss its second quarter 2022 financial results on Tuesday, August 9, 2022. A replay of the call and transcript is available on the company’s Investor Relations website. To view the full press release, visit https://ccw.fm/98IAU About Coinbase Global Inc. Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012…

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