August 30, 2022, 5:09PM EDT • 2 min read Quick Take Stronghold Digital Mining reported Q2’22 earnings on August 16, 2022 $SDIG currently trades at $1.40 / share, down ~93% from its IPO price of $19.00 / share Reported $29mm quarterly revenue, ($40mm) net loss and ($1mm) Adj. EBITDA for the three months ended June …
Commentary on Stronghold Digital Mining’s Q2’22 Earnings Read More »
Investment bank Cowen is adding two crypto native executives as it expands its crypto division. Cowen Digital LLC has hired Blockchain.com’s former head of institutional business development and a ex-Coinbase sales associate to the crypto arm, which launched in March of this year, with customers able to trade 16 tokens, including bitcoin and ether. …
Cowen expands digital division with new crypto native hires Read More »
The $1.2 billion acquisition was announced May 2021 and was expected to close by the end of that year. Source link
Stronghold Digital Mining pushed back its second-quarter earnings conference call from this afternoon to August 15, the company said on Thursday in a press release. It is now the second mining company to delay its earnings release this week. “We’re making a significant announcement that needed a day or two more to finalize,” a …
Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’ Read More »
July 20, 2022, 8:59PM EDT • 2 min read Quick Take Today Tesla announced it had sold off ~83% of its digital assets Elon Musk cited the COVID shutdowns in China as the catalyst behind the sale Tesla clarified/revealed that it has not sold any of its Dogecoin on today’s earnings call Disclaimer: This is …
Marathon was originally informed by host Compute North that energization of its miners at its West Texas facility would begin in April. That was then delayed to May, and as of June 8, energization has yet to take place. At issue, Marathon said, is a tax matter for Compute North’s energy supplier. Marathon expects the …
Marathon Digital Bitcoin Production Weaker Than Hoped in May Read More »
advertisement Ant Group, the company behind China’s largest digital payment platform Alipay, has launched a neobank in Singapore. Named Anext Bank, it will target small and medium enterprises (SMEs), it said in a statement today. It has also formed a partnership with trading platform Proxtera to provide financial solutions for SMEs looking to participate in overseas …
Jack Ma’s Ant Group launches digital bank in Singapore Read More »
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Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report Read More »
advertisement European Central Bank President Christine Lagarde said that while crypto assets have no value, she would “guarantee” a digital euro because the ECB would stand behind it, Politico reported today, citing an interview. “I have said all along the crypto assets are highly speculative, very risky assets,” Lagarde told Dutch television show College Tour …
ECB’s Lagarde says while crypto has no worth, she would back digital euro: Politico Read More »
A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress. On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission. Thompson’s announcement of the bill said “The DCEA builds …