ChainCatcher news, Canaan Inc. announced today its unaudited financial results for the three months ended March 31, 2024, showing revenue of $35.09 million, exceeding the previous expectation of $33 million by 6%. Among this, mining revenue was $10.46 million, a quarter-over-quarter increase of 182.1%. The company holds 1,057 bitcoins. The net loss was $39.39 million, a quarter-over-quarter decrease of 71.7% and a year-over-year decrease of 53.3%.

ChainCatcher news, Galaxy Digital Holdings Ltd. disclosed its latest financials, reporting a net loss of $94 million for Q3, a significant increase from a loss of $68 million in the same period last year. This figure also represents an increase from the $46 million loss recorded in the second quarter.Additionally, as the market warms up, Galaxy Digital turned a profit in October, with a pre-tax income of $124 million in just that month, and trading revenue reaching $24 million.

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, Block released its latest financial report indicating that the gross profit from its Cash App's Bitcoin business in the fourth quarter decreased by a quarter to $35 million. The Bitcoin business generated $1.83 billion in revenue, a year-over-year decline of 7%.It is reported that the year-over-year decline in Bitcoin revenue and gross profit was influenced by the drop in Bitcoin prices. Cash App's Bitcoin business generated $7.11 billion in revenue and $156 million in gross profit for the entire year of 2022, representing year-over-year declines of 29% and 28%, respectively. After-hours stock prices rose by more than 2%.Additionally, in the fourth quarter of 2022, the company confirmed a Bitcoin impairment loss of $9 million on its investments, with a total confirmed Bitcoin impairment loss of $47 million for the entire year. (source link)