FAST NEWS: BitFuFu posts strong user growth as mining capacity doubles
The Latest: Digital asset mining services provider BitFuFu Inc. (FUFU.US) said on Thursday its revenue rose 43.3% last year to $284.1 million, while its net income more than quadrupled to…
FAST NEWS: Meitu adjusted profit triples on rising VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Sunday that, excluding non-operating items, it expects to report a non-IFRS adjusted profit of between 330 million yuan ($45.9 million)…
Bitdeer, Canaan mint hedges against crypto volatility in AI
Each company is seeking to develop businesses related to the hot emerging technology as their core crypto operations lose money Key Takeaways: Bitdeer said it was picked as a preferred…
FAST NEWS: Meitu’s profit soars on higher VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it recorded a net profit of 228 million yuan ($31.3 million) in the first half of 2023, reversing a net loss of 266…
Caught in the headlights, desperate Bitdeer inches closer to listing
The operator of a cryptocurrency mining platform is in the final stages of a U.S. backdoor listing using a special purpose acquisition company (SPAC) Key Takeaways: The U.S. securities regulator…
BIT Mining in Cash Conservation Mode as Harsh Crypto Winter Rages On
The crypto currency miner’s net loss ballooned in last year’s fourth quarter, as it appears to have sharply slowed its main mining pool business to keep down costsKey Takeaways:BIT Mining’s…
Bit Mining in Race to Roll Out New Mining Machines Before Cash Evaporates
The cryptocurrency miner announced a 10-for-1 reverse share split to avoid delisting, but faces a far larger threat from its dwindling cash reservesKey Takeaways:Bit Mining’s cash stood at $12.5 million…
Recent Articles
RELATED ARTICLES
-
Bitdeer, Canaan mint hedges against crypto volatility in AI
CAN.US BTDR.US
- Stiff competition, weak margins put high pressure on Baishan Cloud’s IPO parade
-
Price war rains on Kingsoft Cloud despite improving profitability
KC.US 3896.HK
- In taxing times, Baiwang pins hopes on Hong Kong IPO
-
Questions hover over Alibaba cloud unit with chairman’s surprise resignation
9988.HK BABA.US
- Margins ring alarm bells as 160 Health readies IPO
