Crypto Shares Jump. Bitfarms up 10%; BitMine, Bullish up Around 6%; Upexi up over 5%; Circle, CleanSpark up 4%; SharpLink Gaming up 3%
Crypto shares jumped on Thursday. Bitfarms up 10%; BitMine, Bullish up around 6%; Upexi up over 5%; Circle, CleanSpark up 4%; SharpLink Gaming up 3%.
Bullish stock rose about 6% as it swung to a profit in its first quarterly report after becoming a public company.
The cryptocurrency exchange, fresh off of its blockbuster initial public offering last month, posted a profit of $108.3 million, or 93 cents a share, for the quarter ended June 30. That is compared with a loss of $116.4 million, or $1.03 a share, in the same quarter a year earlier.
Stripping out one-time items, the company recorded an adjusted loss of $6 million, compared with an adjusted profit of $4.8 million in the year-earlier quarter.
Adjusted quarterly revenue was $57 million, down from $60.7 million a year ago.
Bullish said total digital asset sales were $58.6 million, up from $49.6 billion in the year-earlier quarter. Trading volume totaled $179.6 billion, up from $133 billion.
Related Articles
Fed Rate Cut Finally Arrives,Dollar Index: Negative Catalysts Largely Priced In,Euro Rally May Be Running Out of Steam
Tradingkey - The Federal Reserve lowered the target range for the federal funds rate by 25 basis points to 4.00%–4.25% late yesterday, as widely expected, and signaled two additional rate cuts this year.
[U.S. IPO] Netskope Raises $908 Million in IPO, Debuts Thursday: A Rising Star in Cloud Security?
TradingKey - Backed by venture capital firm Lightspeed Venture Partners, Netskope Inc., a technology provider specializing in securing enterprise cloud services, has raised $908.2 million in its IPO. The company's valuation now exceeds $7 billion. Netskope is set to list on the Nasdaq under the tick-24998ce9215f4781a8d3878dba968c9e.jpg)
Why the September Fed Meeting Feels So Strange? The Answer Lies with Miran, Cook and Trump
TradingKey - Beyond analyzing whether the updated dot plot after the Fed’s rate decision reflects a dovish or hawkish tilt, investors are increasingly curious about what will become of the Federal Reserve amid political interference, personnel changes, and potential institutional shifts. The Wall
[U.S. IPO] Oilfield Water Giant WaterBridge Raises $634M in IPO; Can It Repeat LandBridge's 125% Surge?
TradingKey - Oil field water management company WaterBridge (WBI) announced on September 16 that its US initial public offering (IPO) is expected to price 31.7 million shares at $20 per share, raising a total of $634 million.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
