MiniMax2026-08-26 10:15:02MiniMax posts $117 million in first-half revenue as enterprise and developer model calls make up 63.4%MiniMax reported $117 million in revenue for the first half of the year, up 283.1% from a year earlier and already above its full-year revenue from last year. The company’s fastest-growing segment was enterprise and developer use of its models, with revenue in that category jumping from $9.2 million to $73.93 million, a 703.1% increase. That business now accounts for 63.4% of total revenue. The company said the increase was driven by more paying users and enterprise clients, higher API usage, and broader adoption of token packages. Revenue from AI products including Hailuo AI also doubled to $42.64 million, though its share of total revenue fell to 36.6%. Overseas markets remained the main source of business, with 60.8% of revenue coming from outside mainland China. Gross margin improved to 17.9% from 12.1%, while sales and marketing expenses fell 17.9%. Research and development spending still reached $297 million, about 2.5 times first-half revenue. Reported net loss narrowed 11% to $358 million, but adjusted net loss widened 111.2% to $293 million after excluding fair-value changes in financial liabilities following the listing.890
Bithumb2026-08-15 06:43:48Bithumb posts 21.8 billion won net loss in Q2 2026South Korean virtual asset exchange Bithumb reported a net loss of 21.8 billion won in the second quarter of 2026, according to Yonhap News. The result marked a reversal from a net profit of 22 billion won a year earlier, though the loss narrowed from a net loss of 86.9 billion won in the previous quarter. Revenue for the quarter came in at 86.3 billion won, down 35.8% from the same period last year, while operating profit fell 44% year over year to 12.1 billion won. For the first half of 2026, Bithumb recorded a cumulative net loss of 108.7 billion won, compared with a net profit of 55 billion won in the same period last year. First-half revenue totaled 168.8 billion won, down 48.7%, and operating profit dropped 83.4% to 14.9 billion won. Bithumb said the figures reflected factors including losses from virtual asset valuation, and said it plans to respond to market changes, strengthen its internal capabilities, and improve service competitiveness to build a foundation for sustainable growth.1310
HSDT2026-08-15 03:14:38Nasdaq-listed Solana firm HSDT reports $2.5 million in Q2 2026 revenueNasdaq-listed Solana company HSDT reported $2.5 million in revenue for the second quarter of 2026, according to The Block. The company said most of that revenue came from 31,200 SOL in staking rewards earned during the quarter. HSDT also posted a net loss of $30.3 million for the period. As of June 30, the company held total assets of $176.1 million. That figure included $147.3 million in long-term digital assets, related positions, and fund investments. The disclosure outlines how heavily the quarter’s top line relied on staking income while also showing a substantially larger loss on the bottom line. It also gives a snapshot of the company’s balance sheet at the end of the quarter, with digital-asset exposure making up a large share of total assets.1340
Gemini2026-08-14 00:06:00Gemini Q2 Revenue Rises 37% to $45.5M, Net Loss Narrows to $107.7MCrypto exchange Gemini has published its financial results for the second quarter, showing that total revenue came in at $45.5 million, up by 37% from the $33.3 million it reported in the same period a year ago. The company, whose figures were relayed by PANews and originally reported by The Block, cut its net loss by 19% to $107.7 million, versus a loss of $133.2 million in the second quarter of last year. Revenue from credit card products jumped by 231% to $16.2 million, and staking revenue grew by 50% to $4 million. The exchange's prediction market produced $500,000 in revenue, slightly more than the $400,000 the firm disclosed when it launched that offering in December. The volume of event contracts traded on the platform rose 93% compared with the first quarter, even though overall revenue growth was modest. Monthly transacting users increased 11% on a year-over-year basis. However, assets on Gemini's platform fell to $8.4 billion from $18.2 billion, as the value of bitcoin and other major digital assets dropped 50%.1210
Bullish2026-08-13 11:53:00Bullish Posts $280M Net Loss in Q2; Trading Volume at $32.6BBullish, the cryptocurrency exchange listed on the New York Stock Exchange under the ticker BLSH, published its financial results for the second quarter on Aug. 13, according to PANews. Digital asset trading volume reached $32.6 billion during the quarter, down from $58.6 billion in the same period a year earlier. The exchange recorded a net loss of $280 million, compared with $108.3 million in the prior-year quarter. Adjusted revenue came in at $92.6 million, while adjusted EBITDA totaled $29.5 million. Subscription, services and other revenue reached an all-time high of $62.7 million. The report shows trading volume declining to $32.6 billion from the year-ago figure of $58.6 billion. On an adjusted basis, the company reported $92.6 million in revenue and $29.5 million in EBITDA. The record $62.7 million from subscription, services and other revenue was also part of the quarterly disclosure.1270
Coreweave2026-08-11 20:35:49Coreweave Q2 Revenue Tops Estimates as Net Loss NarrowsCoreweave posted second-quarter revenue of $2.58 billion, beating expectations of $2.56 billion. Net loss came in at $626 million, better than the $757.1 million forecast. Contracted backlog reached approximately $104 billion as of June 30, 2026.1680
Twenty One Ca2026-08-11 14:32:04Tether-Backed Twenty One Capital Posts $413.5M Q2 Net Loss on BTC HoldingsTether-backed Twenty One Capital (NYSE: XXI), a bitcoin treasury company, reported a net loss of $413.5 million for the second quarter of 2026, largely driven by the falling value of its bitcoin holdings. About $401.5 million of that loss was attributed to the mark-to-market decline in the company's bitcoin assets. Twenty One Capital uses bitcoin as its core reserve asset, meaning fluctuations in the BTC price have a direct impact on its financial performance. In a statement accompanying the earnings, newly appointed CEO Raphael Zagury said the company cannot continue to exist merely as a "bitcoin treasury" and must transition into a broader financial services platform. He laid out three priorities for the next stage: expanding the business through acquisitions, boosting financing capacity with capital markets tools, and developing bitcoin-collateralized lending. The financial results were originally reported by The Block. Twenty One Capital is listed on the New York Stock Exchange under the ticker XXI.1770
Bitcoin2026-08-11 14:32:54Twenty One Capital Posts $413.5M Q2 Loss; New CEO Pivots Beyond Bitcoin TreasuryTether-backed bitcoin treasury company Twenty One Capital (NYSE: XXI) reported a $413.5 million net loss for the second quarter of 2026, driven mainly by the declining value of its bitcoin holdings. Around $401.5 million of that loss came from a fall in the book value of its bitcoin assets. With bitcoin at the core of the company's asset allocation, swings in BTC prices directly weigh on its financial results. Newly appointed CEO Raphael Zagury said Twenty One Capital can no longer function purely as a "bitcoin treasury company" and must move toward a broader financial services platform. Zagury outlined three priorities: expanding the business through acquisitions, improving financing capabilities with capital markets tools, and exploring bitcoin-collateralized lending. The report was first carried by The Block and relayed by ChainCatcher.1710
