BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst expectations.
BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%
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BitGo revenue falls 51% in Q3 as trading slows; net income rises on treasury gains
The revenue decline was driven by continued soft crypto trading environment and a higher mix of lower-margin stablecoin transactions.
The Block
2 hours ago
Securitize posts $18.6M quarterly revenue, its second-highest on record
Securitize’s total revenue for the third quarter was $18.6 million, up 13% year-over-year. The third quarter was the second largest quarterly revenue…
Cryptopolitan
7 hours ago
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
Cointelegraph
10 hours ago
