ICYMI: BIT Mining reports 40% dip in revenue during Q1 2022
40.4% dip in revenue, totaling $296.7 million, in Q1 2022 compared to the previous three months.
As pointed out by the company, a majority of that revenue came from its mining pool business, which decreased by about 42.7% from the previous quarter. That was in part due to the “effect of declines in prices of cryptocurrencies in the first quarter of 2022,” per the statement. BIT Mining’s multiple business segments include self-mining, a mining pool and data center operations.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nvidia shares plunge after Q1 figures, crypto mining card revenue 'nominal'Nvidia cannot seem to catch a break as its crypto mining card sales in Q1 hit “nominal” levels. Shares fell on the news its Q2 overall revenue would be below expectations due to geopolitical uncertainty.
Lire la suite »
McDaniel responds to threats: ‘That’s not going to make a damn bit of difference.’WATCH: Casey White's attorneys address recent death threats and taking White on as a client.
Lire la suite »
A bit of sugar to save the climate: scientists create degradable plasticUnlike plastics of the past, a new biodegradable plastic created by incorporating sugar into its composition disintegrates much faster under ultraviolet light
Lire la suite »
Man bit juvenile during domestic assault: policeClay Township man Raul Santos is charged with child endangerment and simple assault, according to online court dockets. He was arrested Wednesday after additional charges, including aggravated assault, were filed.
Lire la suite »
Bitcoin mining stock report: Thursday, May 26Here's how crypto mining companies performed on Thursday, May 26.
Lire la suite »