BitDeer: Q1 total revenue was US$119.5 million, a year-on-year increase of 64.6%
BitDeer has released unaudited financial results and operational updates for the first quarter of 2024:Total revenue was $119.5 million, compared to $72.6 million in the first quarter of 2023Net profit was $600,000, compared to a net loss of $9.5 million in the first quarter of 2023.Adjusted profit was $8.4 million, compared to $2.8 million in the first quarter of 2023. Adjusted EBITDA was $26 million, compared to $18.5 million in the first quarter of 2023. Cash and cash equivalents were $118.5 million
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The Daily: Tornado Cash co-founder's motion to dismiss denied, Lummis says Republican Senate would benefit digital assets, Bitcoin ETFs see largest i
Tornado Cash co-founder Roman Storm is set to face a trial on money laundering charges after a U.S. judge rejects his motion to dismiss the case.Sen. Cynthia Lummis said a flip to a Republican-controlled Senate following this year’s elections would bode well for digital assets.U.S. spot Bitcoin ETFs registered $365.7 million worth of net inflows on Thursday — the largest since late July.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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