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Publicly traded mining company Hive Blockchain (HVBTF) reported a Q2 profit even as the firm continued its “big spend” on upgrading its mining facilities. Hive took in $13 million in quarterly mining revenue, according to its Q2 earnings report Tuesday, 8% up from the year-ago period’s $12 million.The company posted a
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Leading cryptocurrency exchange Coinbase, on a day when bitcoin surpassed its all time high, said it’s experiencing delays. processing BTC withdrawals due to Bitcoin network congestion. Story is developing and will be updated when more information is known. Source
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Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share. Source
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The New York Times has published a critique of Coinbase’s internal diversity policies, with several former employees complaining of “racist or discriminatory” treatment. The report by journalist Nathaniel Popper, published Friday, is based on commentary from 23 current and former Coinbase employees. It paints the picture of a company that “has
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At the time of writing, Macy’s (M) stock is trading at $8.90 which means that it is 1.06% down.The stock of popular American Department store Macy’s Inc (NYSE: M) plummeted in the pre-market following the release of the company’s third-quarter 2020 results which shows a 20% decline in same-store sales.
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Maersk showed good performance in Q3 and recorded a lesser-than-expected revenue fall of 1.4%.Danish integrated shipping company Maersk AS (OTCMKTS: AMKBY) has reported profits in Q3 as the company rebounds faster than expected. The company released its 2020 Q3 earnings report on the 18th of November. After the news, the company’s stock
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Despite making revenue, the US leading food delivery app Doordash has also suffered a loss of almost $149 million.On Friday, DoorDash filed its IPO prospectus with the Securities and Exchange Commission (SEC). Following the successful filing, the company expects to use the symbol DASH to list its shares on the
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Crypto lending and borrowing platform Celsius has announced that it now holds more than $2.2 billion in digital assets under management (AUM).According to a Nov. 9 release, Celsius has more than doubled its net crypto holdings six months after first surpassing $1 billion in June. The platform has attracted more
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It was a monster quarter for Square’s bitcoin business.For comparison, in the second quarter of 2020 the publicly traded payments company sold $875 million through its Cash App with $17 million in profit. Square sold $516 million in bitcoin over the entire year of 2019.Among publicly traded companies, it could
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The surge comes as America's largest library rolls out a crypto regulatory guide. Source
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