ChainCatcher news, according to GlobeNewswire, Bitcoin-listed mining company and blockchain technology provider Phoenix Group announced its Q1 financial report, with the following highlights:Net profit reached $66.2 million, a year-on-year increase of 166%;Total assets increased by 237% year-on-year, rising from $261 million to $879.3 million;Total assets grew by 5% quarter-on-quarter;Revenue increased by 18% quarter-on-quarter, reaching $68.9 million;Gross profit grew by 82.8% quarter-on-quarter, reaching $23.28 million;Total comprehensive income increased by 312% year-on-year to $102.28 million, and grew by 33.7% quarter-on-quarter;Earnings per share were $0.011.

ChainCatcher news, cryptocurrency mining company Argo Blockchain released its Q1 2023 financial report, with revenue of $11 million, a 15% increase quarter-over-quarter, and a net loss of $8.7 million. As of the end of Q1, the company's balance sheet had $14.2 million in cash and 85 bitcoins or bitcoin equivalents. The total amount of bitcoins mined by Argo Blockchain in Q1 was 491.According to a previous report by ChainCatcher, Argo Blockchain had a net loss of $240 million in 2022, its CEO Peter Wall resigned, and the board appointed Chief Operating Officer Seif El-Bakly as interim CEO. (Source link)

ChainCatcher news, the latest quarterly report released by Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, shows that the consolidated operating revenue (sales) for the first quarter of 2023 was 304.8 billion won (approximately 231 million USD), a decrease of 28.6% compared to the same period last year; operating profit was 211.9 billion won (approximately 160 million USD), down 26.3% from the previous year (287.8 billion won); net profit was 326.3 billion won (2.47 million USD), an increase of 54.9% year-on-year. (source link)