Former Australian Bitcoin Mining Company Reports $1.23m Loss
But there is more, as the rebranding from DigitalBTC to Digital X also led to the company purchasing US$6.7m on buying bitcoins for their liquidity desk. People who have been following the Bitcoin scene for quite some time now will remember a company called DigitalBTC. This enterprise is now listed on the ASX as FinTech firm Digital X, and they have reported a US$1.2m loss after pivoting from their Bitcoin mining business model. Finding a proper business model in the Bitcoin ecosystem is not an easy task these days, even though there are still a lot of ways to make money. Bitcoin mining....
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Australian bitcoin company Digital CC Ltd has published the results for its half-year period up to 31st December 2014, posting a $2.3m net loss after tax. Notably, the firm was the first bitcoin company to be listed on the Australian Securities Exchange (ASX), trading as digitalBTC. "The statutory loss recorded for the half has been impacted by necessary accounting adjustments flowing from digital currency price declines," executive chairman Zhenya Tsvetnenko said. The firm's total revenue was $14.5m. Of this, $9.9m came from its liquidity desk and $9.9m from digitalX Direct sales. The....
Australian bitcoin firm DigitalBTC has reported its quarterly earnings, the first since the company went through a reverse takeover and re-listing on the Australian Securities Exchange (ASX). The company reported positive cash flow from bitcoin mining activities and bitcoin liquidity propositions, adding that it has already managed to recoup investments in its mining operations. In addition to mining, DigitalBTC is trying to enter the consumer space and has made it clear that it plans to use revenue generated by its mining business to fuel further expansion. As DigitalBTC is the first....
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.
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.....
Bitcoin Group, a bitcoin mining company based in Melbourne, has just received approval from Australian Securities and Investment Commission (ASIC) for its $20 million listing on the Australian Securities Exchange (ASX). According to its website, Bitcoin Group is the largest bitcoin mining operator in Australia. The company assists in securing the AU$5.538 billion dollar Bitcoin Blockchain Network by validating 135,016 transactions every 24 hours through a portfolio of 6,129* Specialised Mining Machines, with an output of 6.2 Petahashes, which powers a 1.57% market share of global hash....