Galaxy Digital Reports 2023 Net Income of $296M Following Year-Earlier $1B Loss
Submitted by Anonymous (not verified) on Tue, 03/26/2024 - 13:50The reversal marks a thawing of the crypto winter that occurred in 2023.
The reversal marks a thawing of the crypto winter that occurred in 2023.
The reversal marks a thawing of the crypto winter that occurred in 2023.
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
Crypto trading volume grew 10% month-on-month to $6.5 billion, the company said.
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
The miner is expected to report a "strong acceleration in Q/Q revenue growth" due to a rally in bitcoin prices, said a Jefferies analyst.
The miner is expected to report a "strong acceleration in Q/Q revenue growth" due to a rally in bitcoin prices, said a Jefferies analyst.
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