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Trust in Crypto Remains High Despite Bear Market "The current economic conditions in the crypto market have made it attractive for WonderFi to be able to acquire companies like BCF, which carry the potential to complement our core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid digital assets, and a po For the three and nine months ending June 30, 2022, revenues were $2.9 million and $3.2 million, respectively, as opposed to nil for the corresponding three and nine months ending 2021. From Q2 2021, total revenue climbed by 14% to $42 million. In comparison to a net loss of $4 million and an overall loss of $9 million in Q2 2021, the net loss in Q2 2022 was $142 million. Compared to $24 million, or 65% of revenue, in Q2 2021 and $21 million, or 53% of revenue, in Q1 2022, adjusted EBITDA was $19 million, or 45% of revenue. Coinbase Global, Inc. said in its shareholder letter that the decline in crypto asset prices significantly impacted its second quarter financial results, which were in line with the outlook provided in May. Net revenue was $803 million, down 31% compared to Q1, due to lower transaction volume. Without non-cash impairment charges, the net loss would have been $647 million. Despite the continued market weakness, Coinbase served 9.0 million MTUs in the second quarter, a decrease of 0.2 million or 2% from Q1. Total trading volume fell to $217 billion, down 30% from the first quarter. For Q1 2022, Hive Blockchain reported digital currency mining revenue of $44.2 million, an increase of approximately 13% over the prior year, primarily due to increased Bitcoin production due to facility acquisitions in Quebec and Atlantic, in addition to expansions of the company's flagship Europea Contact Us At: https://pressreach.com/
