Hut 8 Mining reported a revenue of about $19.2 million in Q2, a significant decline from $43.8 million recorded in the same period last year, mainly caused by increased mining difficulty.
Foxconn sees sluggish demand for electronics within the global economy for the rest of the year and thus it has reduced its revenue estimates.
Robinhood had earlier motioned for the arguments against it to be completely dismissed.
The company’s expansion into new business verticals has played a significant role in bolstering its fiscal Q1 2024 results.
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up.
Riot Platforms reported total revenue of about $76.7 million and hit a new high hash rate at about 10.7 EH/s in Q2 2023.
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units.
Marathon Digital announced that the gains on the sale of Bitcoin were $23.4 million in Q2 2023.
Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions.
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
Lucid announced revenue of $150.9 million in Q2 2023 driven by customer deliveries of 1,404 electric vehicles.
Palantir Technologies announced a 13 percent increase in Q2 2023 revenue to $533 million and also reported its third consecutive quarter of GAAP profitability.
Berkshire Hathaway has reported an astounding $26 billion unrealized gain from its investments.
Hua Hong’s triumphant market debut stands as a resounding testament to China’s unyielding commitment to attaining self-reliance in the chip and semiconductor industry.
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company.