CryptoNewsBreaks

MondayNov 14, 2022 3:23 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Releases Q3 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, is reporting its unaudited financial and operating results for the three-month period ended Sept. 30, 2022. Numbers of note from the report include computing power sold during the quarter totaling 3.5 million Thash/s, a 37.1% decrease from Q2 2022 and a 48.5% from 6.7 million Thash/s in the same period of 2021. CAN revenues reached $137.5 million, a decrease of 40.8% from the second quarter 2022 and a 25.8% decrease from the same period in 2021, with gross profit coming in at$32.9 million, net income totaling $8.6 million, and non-GAAP adjusted net reaching  $23.4 million.…

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MondayNov 14, 2022 12:59 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Strong Q3 2022 Results, Positioned for Continued Growth and Acceleration of Expansion Strategy

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and nine months ended Sept. 30, 2022. Among the highlights, the company reported growth in its Nwassa agri-fintech business that has driven increases of 64.8 % in revenues and 53.9 % in operating profit as compared to Q3 2021. In addition, the company reported that it has filed a definitive Information Statement on Schedule 14C, marking a major milestone towards completion of the merger of Tingo Mobile PLC, the company’s sole operating subsidiary (“Tingo Mobile”),…

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FridayNov 11, 2022 1:12 pm

CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Announces Participation at Oppenheimer Blockchain & Digital Assets Summit

Coinbase (NASDAQ: COIN) has announced that its Chief Financial Officer Alesia Haas will participate in a virtual fireside chat at the Oppenheimer Blockchain & Digital Assets Summit. The chat is scheduled to begin at 12:45 p.m. PT / 3:45 p.m. ET on Thursday, Nov. 17, 2022. According to the update, a live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://Investor.Coinbase.com To view the full press release, visit https://ccw.fm/SPOeC About Coinbase Global Inc. Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The…

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ThursdayNov 10, 2022 2:45 pm

CryptoNewsBreaks — BIT Mining Ltd. (NYSE: BTCM) Announces Plans to Release Q3 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, anticipates releasing its unaudited financial results for the third quarter before the U.S. market opens on Nov. 17, 2022. The results will cover the period ended Sept. 30, 2022. BIT Mining owns the world's top blockchain browser — BTC.com — and the comprehensive mining pool business operated under BTC.com as well as a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing. To view the full press release, visit https://ccw.fm/4cAub About BIT Mining Ltd BIT Mining is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.…

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ThursdayNov 10, 2022 2:41 pm

CryptoNewsBreaks — Stronghold Digital Mining Inc. (NASDAQ: SDIG) Releases Q3 2022 Report, 2023 Guidance

Stronghold Digital Mining(NASDAQ: SDIG) has released financial results for its third quarter, the period ended Sept. 30, 2022; the report also included an operational update. Highlights of the report included current liquidity for the company reaching an estimated $27 million, which includes $27 million cash plus 19 Bitcoin; other numbers worth noting include current principal amount of outstanding debt totaling approximately $82 million, with net debt of approximately $55 million, which represents an approximately 51% reduction since the end of June 2022. In addition, the company noted fully extinguished $67.4 million in principal value of debt associated with NYDIG ABL…

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ThursdayNov 10, 2022 11:39 am

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Launch of Operations in Ghana, Entry into Landmark Trade Deal with the Kingdom of Ashanti

Tingo (OTC: TMNA) today announced that Tingo Mobile PLC (“Tingo Mobile”) has opened a head office in Accra, Ghana, and has launched nationwide operations. According to the update, Tingo Mobile’s business in Ghana is held through a wholly owned subsidiary, Tingo Mobile Ghana Ltd (“Tingo Ghana”). To coincide with the launch, Tingo Ghana has agreed on a landmark trade deal with the Kingdom of Ashanti, through the Ashanti Kingdom Investment Trust. Under the terms, the Ashanti Kingdom Investment Trust has committed to enroll a minimum of 2 million new members with Tingo within 120 days of signing and has agreed…

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WednesdayNov 09, 2022 2:11 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Filing of Definitive Information Statement to Merge with MICT

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, has filed a Definitive Information Statement with the U.S. Securities and Exchange Commission (“SEC”). The statement outlines the completion of the merger between Tingo Mobile PLC, a wholly owned Tingo subsidiary, with MICT Inc., a NASDAQ-traded financial technology company; the merger should be complete by the end of this month. Once the merger is finalized, MICT will issue Tingo shares of its common stock equal to 19.9% of MICT’s outstanding shares along with Series A and Series B convertible preferred stock. According to the announcement, MICT does plan to seek both shareholder…

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WednesdayNov 09, 2022 12:46 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces Q3 2022 Results

Marathon Digital Holdings (NASDAQ: MARA) has reported its financial and operational results for the quarter ended Sept. 30, 2022. “The third quarter of 2022 was a transition and rebuilding period at Marathon, during which we fully exited the Hardin facility in Montana and began energizing servers at new locations, most notably the 280-megawatt data center that resides behind the meter at the King Mountain wind farm in McCamey, Texas,” said Fred Thiel, Marathon’s chairman and CEO. “We sequentially improved our bitcoin production each month during the quarter as we rebuilt our hash rate from approximately 0.7 exahashes per second in…

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WednesdayNov 09, 2022 12:41 pm

CryptoNewsBreaks – NFT Technologies Inc. (OTC: NFTFF) (NEO: NFT) Co-Founder Discusses Owning Virtual Assets in the Digital Space in CCW Audio Production

NFT Technologies (OTC: NFTFF) (NEO: NFT) was featured in the latest CryptoCurrencyWire (“CCW”) Audio Production as part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. Mario Nawfal, co-founder of the publicly listed technology company, joined IBN’s Jonathan Keim to discuss the concept of owning virtual assets in the digital space and the potential of web3 to transform existing industries. “The metaverse is simply a digital representation of the physical world we live in today. That’s it,” Nawfal said during the interview. “Imagine everything you do on a daily basis – making friends, signaling your…

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TuesdayNov 08, 2022 12:43 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Strong Results for Q3 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, has released financial results for the three-month period ended Sept. 30, 2022. “Our results this quarter are a strong testament to the benefits of Riot’s vertically-integrated and diversified business model, which is further complemented by our conservative financial approach,” said Jason Les, CEO of Riot. “Despite rising energy prices, which significantly impacted many bitcoin miners, Riot was able to leverage our long-term fixed rate power contract to generate significant power credits and, in doing so, significantly reduce our operating costs. Additionally, our strong liquidity position…

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