The company expects next quarter to be even better with improvement projected across nearly every vertical.
Category: Earnings
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The miner said its adjusted EBITDA swung to loss, compared to previous quarter’s profit.
Coinbase (COIN) reported second-quarter earnings on Thursday.
The surging trading volumes helped the bank reach profitability for the first time.
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites.
TK
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The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.