ChainCatcher news, Coinbase is set to announce its second-quarter earnings report on Thursday afternoon local time. Due to a pullback from cryptocurrency traders in recent months, this may lead to a decrease in profits for Coinbase Global.According to analyst estimates compiled by FactSet, Coinbase is expected to report a second-quarter earnings per share of 94 cents and revenue of $1.37 billion after the market closes on Thursday.

ChainCatcher news, Tether released its Q2 2024 financial report, showing that its profits for the first half of 2024 reached a record high of $5.2 billion, with net operating profit reaching $1.3 billion, marking Tether's best performance ever. Additionally, Tether's holdings of U.S. Treasury bonds exceeded $97.6 billion, also setting a new record.The total reserve of Tether tokens in circulation amounts to $118,436,336,293, while the total liabilities of the company issuing Tether tokens stand at $113,101,998,938, of which $112,395,445,973 is related to the issued digital tokens.

ChainCatcher news, European market maker Flow Traders announced its unaudited financial report for the second quarter of 2024.In the second quarter of 2024, Flow Traders reported a net trading income of €79.5 million, total revenue of €76.2 million; total operating expenses were €55.2 million; and net profit was €12.8 million.As of the end of the second quarter of 2024, Flow Traders had trading capital of €624 million, generating a 56% return on trading capital.Previous news, Flow Traders had confirmed that it is the lead market maker for the 21Shares Ethereum spot ETF.

ChainCatcher news, according to Watcher.Guru, Tesla announced its Q2 financial report, revealing that its $640 million worth of Bitcoin has not been sold.In addition, Tesla (TSLA.O) reported Q2 2024 revenue of $25.5 billion, with market expectations at $24.8 billion, compared to $24.927 billion in the same period last year.

ChainCatcher news, according to the Q2 financial report released by Canadian listed company BIGG Digital Assets (BIGG), its total revenue for the quarter was $1.35 million, of which its cryptocurrency trading platform Netcoins generated $1.02 million, and Blockchain Intelligence Group generated $330,000.As of June 30, 2023, BIGG Digital Assets had $12.3 million in cash and cryptocurrencies in its treasury, with no debt. In addition, Netcoins currently holds approximately $66 million in customer assets.

ChainCatcher news, Bitcoin mining company Cathedra Bitcoin released its second-quarter financial report. As of June 30, 2023, its mining operations produced a total of 77.15 BTC in Q2, an increase of 33.8% year-on-year; Q2 revenue was 2.9 million CAD (approximately 2.14 million USD), an increase of 16% year-on-year.As of August 29, 2023, Cathedra Bitcoin held approximately 3.7 million CAD in cash and 19.55 BTC, with a total active Bitcoin hash rate of 387 PH/s across six mining sites in four states in the United States.

ChainCatcher news, according to the financial report for the second quarter of 2023 released by Canaan Creative, the total revenue for Q2 was $73.9 million, a 33.7% increase compared to $55.2 million in the first quarter of 2023; the company's total computing power sold in the second quarter of 2023 was 6.1 million TH/s, a 44.2% increase compared to the first quarter of 2023.Among them, the revenue from mining machine sales was $57.8 million, and the revenue from mining was $15.9 million; the company holds 1,125 bitcoins and has cash and cash equivalents of $66.1 million. The company expects total revenue for the third quarter of 2023 to be approximately $30 million.

ChainCatcher news, Bitcoin mining company Hut 8 Mining announced its second-quarter financial report for the period ending June 30, 2023. In the second quarter, Hut 8 Mining's revenue decreased by 56.2% year-on-year to 19.2 million Canadian dollars, with a total of 399 bitcoins produced, a year-on-year decrease of 58%. Additionally, the company sold a total of 396 bitcoins in the second quarter, generating a revenue of 14.7 million dollars.

ChainCatcher news, Canadian listed company Ether Capital released its second quarter financial report and unaudited performance report for the first half of the year. In Q2 2023, revenue was $1.46 million, a year-on-year increase of 35%; operating expenses for the second quarter were $840,000, a year-on-year decrease of 26%; as of June 30, 2023, the company's staked Ethereum reward income was $2.15 million, the total value of digital assets held was $118 million, and cash and cash equivalents amounted to $1.65 million.

ChainCatcher news, Bitdeer announced its Q2 2023 financial report, with total revenue of $93.8 million in the second quarter, a net loss of $40.4 million, compared to a net loss of $15.6 million in the same period of 2022; adjusted profit for the second quarter was $2.3 million; adjusted EBITDA for the second quarter was $18.7 million; as of June 30, Bitdeer held cash and cash equivalents of $130.2 million. The total computing power in Q2 2023 was 18.8 EH/s, with a total of 199,000 mining machines; in Q2 2023, Bitdeer's self-mining operations produced 758 BTC, a year-on-year increase of 45.5%.At the same time, Bitdeer's 100MW mining data center in Bhutan is undergoing power-on testing, with mining machines starting to operate stably, and construction of a 175MW immersion cooling data center is underway at the mining facility in Tydal, Norway.

ChainCatcher news, Bitcoin mining company Riot Platforms released its second-quarter financial report, with quarterly revenue of $72.9 million, including $49.7 million from mining, $7.7 million from data center hosting, and $19.3 million from engineering.The adjusted earnings per share reported a loss of $0.17, and Riot's stock price fell 1.4% to $16.12 in after-hours trading. Benefiting from the strong performance of Bitcoin, Riot's stock price has risen over 383% this year.

Chain Catcher News, VeChain Foundation released the Q2 2022 financial report, reporting that VeChain currently holds $535 million in BTC, ETH, VET, and stablecoin reserves, with a total reserve asset value that has decreased by 44% compared to Q1. Currently, the total value of stablecoins held by VeChain is $60,404,839.VeChain attributes the asset shrinkage to the global cryptocurrency market crash. Nevertheless, VeChain has incurred $10,172,437.49 in capital expenditures in areas such as public relations and marketing, legal consulting services, technical operations, and sustainable development projects. (Source link)