ChainCatcher news, the virtual asset exchange Bithumb announced that its operating profit for the third quarter of 2024 was 7.4 billion won (5.26 million USD), turning around from an operating loss of 650 million won in the same period last year. Revenue was 68.9 billion won (49.01 million USD), an increase of 112.7% year-on-year. The net profit for the period was 3.1 billion won, reversing from a net loss of 10.6 billion won in the same period last year.A Bithumb representative stated: "With the overall increase in attention to virtual assets, investor sentiment has recovered, and the number of virtual asset trading users has also increased, leading to improved performance."

ChainCatcher news, according to Watcher.Guru, Tesla's third-quarter financial report shows that the company did not sell any Bitcoin during the quarter.In addition, Tesla (TSLA.O) reported Q3 2024 revenue of $25.18 billion, with market expectations at $25.4 billion, compared to $23.35 billion in the same period last year.

ChainCatcher news, Polkadot community members Alice and Bob released the Treasury operational report for the third quarter of 2024 on the official governance forum.The report shows that the Polkadot treasury balance is 33.3 million DOT (150 million USD), and after deducting liabilities, the surplus is 32.4 million DOT (149 million USD).In terms of expenditures, the Polkadot treasury spent a total of 27 million USD (5.2 million DOT) in the third quarter, which is about half of the total expenditures in the second quarter (from 58 million USD down to 27 million USD), and in DOT terms, it decreased from 8 million DOT to 5.2 million DOT.Specifically, marketing-related expenditures saw the largest decrease, dropping from 27 million USD to 9.9 million USD; development-related expenditures remained stable, increasing from 10 million USD to 11.9 million USD; operational expenditures also remained at a similar level, decreasing from 1.7 million USD to 1.4 million USD; talent and education-related expenditures saw a slight increase, rising from 2.3 million USD to 3.8 million USD; research expenditures remained low, decreasing from 1.5 million USD to 310,000 USD; no economic incentive proposals were approved this quarter.

ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue reached $129.4 million, a year-on-year increase of 69.7%.Among them, revenue from cloud mining solutions was $77 million, a year-on-year increase of 66.8%; revenue from Bitcoin self-mining business was $51.1 million, a year-on-year increase of 81%. Net income was $1.3 million, compared to $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.

ChainCatcher news, Hong Kong listed company OSL Group has released its interim results announcement for the six months ending June 30, 2024.Key performance data:The International Financial Reporting Standards revenue from digital asset and blockchain platform business was HKD 123.8 million, a year-on-year increase of 17.7% compared to HKD 100.52 million last year;The loss from continuing operations significantly decreased by 90.2% year-on-year from HKD 98.9 million to HKD 9.6 million;The digital asset balance includes approximately HKD 179 million held by the Group in designated client accounts under various contractual arrangements (December 31, 2023: HKD 639 million). Additionally, it includes the Group's proprietary digital assets of approximately HKD 258 million (December 31, 2023: HKD 184 million). The balance is measured at fair value through profit or loss;As of June 30, 2024, the fair value of digital assets received from clients and held on their behalf by the wholly-owned subsidiary and Hong Kong Securities and Futures Commission licensed corporation OSL Digital Securities Limited was approximately HKD 3.612 billion (December 31, 2023: HKD 874 million).

According to ChainCatcher news, as reported by PRnewswire, the Web3 listed company DeFi Technologies has released its financial performance report for the three and six months ended June 30, 2024, which discloses:A cash balance of CAD 19.5 million (USD 14.2 million), along with holdings of USDT valued at USD 54.5 million and 110 BTC.The digital asset fund positions include: 204.23 BTC, 12,775 SOL, and 1,484,148 CORE, with a total value of approximately USD 21.2 million.The assets under management increased by 43.7% from CAD 508.1 million (USD 370.8 million) as of December 31, 2023, to approximately CAD 730.1 million (USD 532.2 million) as of June 30, 2024.Total revenue for the second quarter of 2024 was CAD 133.2 million (USD 98 million), showing significant improvement compared to total revenue of CAD 7.4 million (USD 5.4 million) in the same period of 2023.

ChainCatcher news, Bitcoin miner Cipher Mining reported a net loss of $15 million in the second quarter of 2024, slightly higher than the net loss of $13.2 million reported in the same period last year.Despite the widening losses, the company's revenue, cash on hand, and power supply also increased year-on-year. Its second-quarter revenue surged from $31.22 million in the same period last year to $36.81 million, while the cost of revenue decreased from $15.87 million to $14.28 million. The company's cash and cash equivalents amounted to $122.56 million, a significant increase from $86.11 million at the end of 2023, primarily due to the issuance of common stock valued at $163.28 million.Cipher also reported that its current hash rate is approximately 8.7 EH/s, with a goal of reaching 13.5 EH/s by the end of 2024 and 35.0 EH/s by the end of 2025, following the signing of an agreement to exercise an option to acquire three new energy sites with a cumulative power capacity of 1.5 GW.

ChainCatcher news, Bitdeer announced its unaudited financial results for the second quarter of 2024.Specific information:Total revenue was $99.2 million, compared to $93.8 million in the second quarter of 2023.Cost of revenue was $74.8 million, compared to $77.7 million in the second quarter of 2023.Gross profit was $24.4 million, compared to $16.2 million in the second quarter of 2023.Net loss was $17.7 million, compared to $40.4 million in the second quarter of 2023.Adjusted EBITDA was $24.9 million, compared to $18.7 million in the second quarter of 2023.As of June 30, 2024, cash and cash equivalents were $203.9 million.Bitdeer Chief Business Officer Matt Kong stated that the company launched the mass production of the first batch of SEALMINER A1 chips this quarter and plans to install 3.4 EH/s of computing power in its own data centers by the end of the year. The initial wafer for the second-generation SEAL02 chips will be delivered by TSMC, expected by the end of September. After successful testing, mass production is anticipated before the end of the year. Additionally, the development of the third-generation SEAL03 chips has also begun.

ChainCatcher news, the financial report released by the stock and cryptocurrency trading brokerage platform Robinhood shows that the company's net revenue for the second quarter was $682 million, with transaction-based revenue of $327 million. Cryptocurrency revenue for the second quarter reached $81 million, a year-on-year increase of 161%, while market expectations were $84.3 million. The cryptocurrency trading volume reached $21.5 billion, a year-on-year increase of 137%.