Bitcoin Miner Marathon’s Sales Beat Fails to Impress Wall Street
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
Earnings
JPMorgan Analyst Criticizes Coinbase’s Lack of Insights Into Its ETF Business
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.
Coinbase Shares Surge After It Crushes Wall Street Expectations
Coinbase CEO Brian Armstrong (CoinDesk)
Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
Bitcoin Miner Marathon Digital Misses Q3 Earnings and Revenue Estimates
The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.
Coinbase Beats Q3 Earnings Estimates, But Trading Volume Fell
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.
AI-Related Tokens Hold Gains After Nvidia’s Big Beat Solidifies Bullish Outlook
The tokens such as FET, GRT, AGIX rose/fell tktk
Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.