Revenue

Bitcoin miners post $1.4 billion in revenue for August, data shows

Bitcoin miners post $1.4 billion in revenue for August, data shows

Bitcoin miners brought in approximately $1.41 billion in revenue during the month of August, according to data compiled by The Block Research.  The monthly figure is below the all-time peak of $1.75 billion posted in March but represents a month-over-month increase — roughly 45% — from July’s $971.83 million.  The vast majority of the August …

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Robinhood expects revenue increase despite drop in PFOF in Q2

Robinhood expects revenue increase despite drop in PFOF in Q2

It looks like payment for order flow is becoming less important to the now-public stock and crypto brokerage Robinhood, according to data compiled by The Block.  During the second quarter of the year, Robinhood reported in a 606 filing with the Securities and Exchange Commission that it brought in $217 million from payment for order …

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Ether price hits new highs above $2,560, market cap nearing $300 billion

Ethereum mining revenue set for record-breaking month despite price declines

The price of ether, the native cryptocurrency of Ethereum, is significantly down from its all-time high this month, but May is still set to represent a record-breaking month for ETH miners. Data collected by The Block Research shows that as of May 23, ETH miners have hauled in some $1.93 billion in revenue. Of that …

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Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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CME is about to open its doors to ETH futures trading

Monthly Ethereum miner revenue reached all-time high in March

Ethereum miners set a record for monthly revenue in March after doing the same thing in February,  according to data gathered by The Block.  Mining revenue totaled $1.38 billion in March, whereas February saw $1.37 billion — a 0.73% increase. Ethereum transaction fees, as a share of miner revenue, dropped 9.94% from February to March …

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Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin’s price rally is proving a windfall for the miners of the world’s biggest blockchain. Miners collected a record single-hour revenue of $4.06 million during the 60 minutes to 17:00 UTC on Thursday, according to data provided by the blockchain analytics firm Glassnode. Transaction fees accounted for more than $47,000 of the record hourly revenue. …

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January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Several metrics recorded record numbers in January. In many cases, January alone accounted for about 40-50% of total 2020 volume.  Total adjusted on-chain volume saw a very strong increase of 94.4% to a new all-time high of $528.8 billion in January. Adjusted on-chain volume of stablecoins increased by 73.1%, to a new all-time …

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BlockFi generated nearly $100 million in revenue during 2020

BlockFi generated nearly $100 million in revenue during 2020

The Block Research’s Ryan Todd released a deep-dive profile of crypto lending and depository startup BlockFi last week, which revealed the firm’s nearly $100 million in revenue for 2020. “According to company documents reviewed by The Block Research, BlockFi now has over $8 billion in total client balances (more than 30x assets on platform in …

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Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Publicly traded digital-asset brokerage Voyager Digital registered four-digit revenue growth in the fiscal year ended June 30, 2020. In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318. Other figures for the same period are also impressive: customer assets jumped …

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