What an FCM application does and does not mean A futures commission merchant is the US category for a firm that accepts …
Profit
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Mining
Core Scientific posts $1.2B profit as colocation revenue jumps 60% in Q3
by shayaanby shayaanColocation is easiest to picture as a hotel for computers. Customers bring their own servers and chips. Core Scientific supplies the building, …
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Mining
American Bitcoin reports Q3 mining revenue of $63.4M, swings to $126M profit
by shayaanby shayaanNet income was the headline act. The company moved from a loss of approximately $57.2 million in Q2 to a profit of …
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Profit tells a very different story. Of the $189.5 million in net income, $131.1 million was attributable to Hut 8 itself. A …
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Bitcoin BTC$76,407.76 miner-turned-data-center developer Cipher Digital reported a $31.6 million quarterly profit despite a 63% revenue decline, helped by a $127 million …
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Markets
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
by shayaanby shayaanThe proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block’s quarterly bitcoin gross profit. www.coindesk.com
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Abraxas Capital has reported impressive profits from its hedging accounts, totaling over $353 million. The firm, which currently holds more than $1.29 …
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Why Is Institutional Digital Asset Custody Moving Beyond Safekeeping? As per Ripple-commissioned BCG report, institutional custody is becoming an operational layer for …
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Abraxas Capital’s two hedging accounts on Hyperliquid have reportedly generated over $331 million in total profits. This substantial profit is indicative of …
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Markets
The restaking gold rush is over, and top protocols are barely making a profit
by shayaanby shayaanAs restaking yields dried up and smart-contract risks mounted, Ethereum’s top liquid restaking protocol walked away from its core business to build …