DigitalBTC Buys $10.1M in Bitcoin While Running Loss of $1.2M
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....
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DigitalBTC, the Australia-based miner, has reported a first-year net loss of $6.77 million on annual mining revenue of $6.4 million, according to zdnet.com. The company nonetheless claims to be very bullish on bitcoin. The company, which trades as Digital CC Limited on the Australian Securities Exchange (ASX), reported negative earnings before interest, tax, depreciation, and amortization (EBITDA) of $3.16 million for the full year ending June 2015. Second Quarter Brought $1.2 Million Loss. In this year's second quarterly report in late July, DigitalBTC reported $1.2 million in losses.....
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....
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....
Australian investment firm Macro Energy Limited, which recently acquired digitalBTC, has announced a strategic agreement with CloudHashing.com - a company that lets customers pay to use its servers to mine bitcoin, rather than invest in their own rigs. Macro is planning to raise AU$9.1m as part of the digitalBTC deal and last week it said it will invest the money in mining operations and the expansion of other digitalBTC operations. It now appears that a sizable chunk of the investment will go toward the newly announced strategic deal with CloudHashing.com. 'Win-win' situation. Under the....