Revenue
Revolut faces issues with 2021 annual report
UK-based fintech Revolut, known for its crypto-friendly services, experienced issues with its annual report for 2021, despite reporting its first-ever full year of profit. Independent auditors confirmed the report’s accuracy, but noted certain qualifications related to the report.
Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.
Ethereum’s Network Revenue Shot up by 1,777% Last Annual Year
Ethereum network revenue rose 1,777% from $231.41 million to $4.34 billion, according to market insight provider Bankless.
Coinbase Records Impressive Growth in Q2 Revenue, Earning 2.23B and Exceeding Analysts’ Expectations
Despite a volatile second-quarter period, Coinbase saw revenue increase in its cryptocurrency business, earning $2.23 billion in revenue.