Bitcoin Company digitalBTC Posts a 45% Jump in Revenues
Australian payments company digitalBTC (ASX: DCC) today released its results for the quarter-ended June. The company witnessed a massive jump of 45% in revenue, from $3.8 million in Q1 2015 to $5.5 million this quarter. The company reported stronger numbers due to a sustained growth in digitalX Direct revenues. digitalX Direct is the flagship product of digitalBTC, providing real-time Bitcoin liquidity to institutions and Bitcoin retailers. The increase in profit margin was attributed to higher sale margins and reduced hedging costs. Financial Standing as of June 30, 2015. The Company....
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Australian investment company Macro Energy has announced plans to enter the digital currency space through the acquisition of Digital CC and its subsidiary digitalBTC. The company plans to raise A$9.1m and list digitalBTC on the Australian Stock Exchange (ASX). Macro Energy describes digitalBTC as an "innovative digital currency company" engaged in bitcoin mining and trading. In addition digitalBTC is developing retail consumer products for bitcoin and other digital currencies. Strong credentials. The company points out that digitalBTC already has established mining revenues and ties with....
Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals. This brings the amount of bitcoin the company has purchased over the past 12 months to almost $29.7m. The report also shows DigitalBTC - the first crypto firm to list on Australian Securities Exchange (ASX), under Digital CC Limited - closed the quarter with an inventory of $1m in bitcoin. Nevertheless, the company reported a negative operating cashflow of $1.2m in Q2 of 2015 having received around $10.8m for operating activities, but spending close to....
The remittance market is a key area where Bitcoin and digital currency could make a splash. Sending money overseas to family and friends is pretty expensive these days, and the remittance space is dominated by a handful of players. But that isn’t stopping Australia-based DigitalBTC from distributing a remittance product of their own. DigitalBTC – Digital Payment Solutions. When it comes to processing digital payments, DigitalBTC is not the new kid on the block. In fact, did you know that DigitalBTC is a publicly traded company on the Australian Stock Exchange under the name “Digital CC....
In this year's second quarterly report, Australian firm DigitalBTC says that it has put up $1.2 million in losses, bringing the total losses for the year to $2,744,000. Despite this, the company has purchased a total of over $29.6 million in bitcoins this year, with $10,116,000 of that being in this quarter. The bitcoins are designated for digitalX Direct, the company's "flagship product" which launched at the end of last year. DigitalX Direct's purpose is to provide liquidity to institutional users, such as merchants and Bitcoin sellers. Previously much of their customer base had been....
DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment. The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX). Mining plans. At the time Macro Energy said it plans to raise AU$9.1m and to invest the money in the expansion of digitalBTC operations, including bitcoin mining. Soon after digitalBTC entered a....