net loss

American Bitc

2026-08-03 13:01:51

American Bitcoin posts $57.2 million net loss in Q2 as holdings top 8,000 BTC

American Bitcoin, a bitcoin company backed by the Trump brothers, reported a net loss of $57.2 million for the second quarter, compared with a $3.4 million profit a year earlier. The company said it mined a record 932 bitcoins during the quarter, lifting its holdings to more than 8,000 BTC. Bitcoin fell 11% over the quarter, while heightened geopolitical tensions pushed investors into a risk-off stance, according to the report cited by Channel NewsAsia. Even with those headwinds in the crypto market, American Bitcoin said revenue more than doubled year over year to about $67 million. The company’s chief executive said the team remains focused on parts of the business it can control. The results show a quarter in which operating growth and bitcoin accumulation continued, even as earnings moved sharply into the red versus the same period last year.

1700

Coinbase

2026-07-30 21:23:36

Coinbase posts $1.22 billion in Q2 revenue, reports $359 million net loss

Coinbase said second-quarter revenue came in at $1.22 billion, down 14% from the prior quarter and below market expectations of $1.29 billion. The company reported a net loss of $359 million. Transaction revenue reached $599 million, also missing expectations of $628 million. Coinbase said total crypto spot trading volume fell more than 20% quarter over quarter, citing lower crypto asset prices and market volatility that dropped to multi-year lows. Even so, its share of the crypto trading market rose to a record 10.3%, marking a third straight quarter of gains. Subscription and services revenue totaled $555 million, or 48% of net revenue, and came in below its earlier forecast range. Stablecoin revenue was $292 million, while average USDC holdings across Coinbase products reached $20 billion, accounting for more than 30% of USDC circulating supply at quarter-end. The company ended the quarter with $8.6 billion in cash and cash equivalents and $10 billion in total available resources. For the third quarter, Coinbase expects subscription and services revenue of $500 million to $580 million and adjusted expenses of $980 million to $1.08 billion.

1730

BitFuFu

2026-07-24 03:25:16

BitFuFu 2025 Results: Cloud Mining Revenue Up 29%, Net Loss $57.4M as Self-Mining Cost Hits $77,573 per BTC

Nasdaq-listed miner BitFuFu reported $475.8M total revenue (+2.7% YoY) for 2025, but swung to a net loss of $57.4M. Cloud mining revenue surged 29.4% to $350.6M, while self-mining cost per Bitcoin soared to $77,573, compressing margins amid asset impairment and higher difficulty.

770

Exodus

2026-07-23 06:55:14

Exodus Posts $11M Net Loss in 2025 Despite Record Revenue as Costs Surge

U.S.-listed crypto wallet Exodus Movement reported a net loss of $11.4 million for 2025, even as annual revenue hit a record $121.6 million. Surging operating expenses and digital asset losses erased previous year's profit.

1780

Telegram

2026-07-22 19:00:13

Telegram 2025 H1 Revenue Hits $870M, TON Contributes $300M, but Net Loss of $220M Clouds IPO Path

Telegram's 2025 first-half revenue reached $870 million, up 65% YoY, with the TON ecosystem contributing $300 million. However, a $220 million net loss from TON impairment, frozen bonds, and CEO investigation add uncertainty to its IPO plans.

420

CleanSpark

2026-07-10 07:39:13

CleanSpark Posts $378M Q2 Net Loss, Mining Revenue Down 25%; Pivots to AI and HPC

Bitcoin miner CleanSpark reported a Q2 net loss of $378.3 million, up 173% YoY, with mining revenue of $136.4 million, down 25%. The firm is shifting focus to AI and HPC infrastructure; stock fell 5% after hours.

1770

Cango

2026-07-09 19:13:13

Cango Posts $452.8M Net Loss in First Full Year as Bitcoin Miner, Sells BTC to Reduce Debt, Pivots to AI

Cango Inc. reported $688.1M revenue and $452.8M net loss in 2025, its first full year as a Bitcoin miner, due to impairment and fair-value adjustments. It sold 5,166 BTC in early 2026 to repay debt and is converting mining sites to AI inference infrastructure.

480

Gemini

2026-07-08 22:20:16

Gemini Reports $159.5M Q3 Loss as IPO Costs Drive Expenses Higher

U.S. crypto exchange Gemini posted a $159.5 million net loss in Q3 2025 as operating expenses surged over 70% to $171.4 million, primarily due to IPO-related stock-based compensation and marketing costs. Total revenue grew 34% to $50.6 million, with service revenue doubling.

300