Crypto EcoBlog
Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank. Embattled Bitcoin (BTC) mining firm, Marathon Digital Holdings Inc (NASDAQ: MARA) has released its performance report for the fourth quarter (Q4) of 2022 in which it unveiled a poorer-than-expected revenue. According to the firm, its revenue came in at $28.4 million, down by 58% from its year-ago record. Marathon Digital operates in a very strained market as the global economy,...
Read More »Virgin Orbit (VORB) Shares Down Over 40% with Company Furloughing Almost Entire Staff
As of the end of Q3, Virgin Orbit has $71.2 million in cash and $30.9 million in revenue. Shares of aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) dropped by 33% in extended trading as the company is discharging nearly all its workers. According to people familiar with the matter that spoke to CNBC, the company is additionally suspending operations for a week as it seeks a funding lifeline. Currently, at premarket trading, Virgin Orbit has declined further, with its...
Read More »Robinhood Users Unable to Realize Bets Profits against SVB and Signature Bank
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Read More »First Republic (FRC) Shares Rebound 40% Following Monday Selloff
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Read More »Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review
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Read More »GTLB Stock Drops Over 30% as GitLab Issues Misses Forecast Revenue
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Read More »Porsche Sees Strongest Result in History in 2022 despite Global Economic Downturns
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Read More »Stock Futures Plunge as Market Craves Stability amid Banking Crisis
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Read More »First Republic Bank (FRC) Losses Over 60% in Shares as Investors Worry Over Financial Strength Following SVB’s Collapse
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Read More »European Markets Flat amid Impending Fed Chair Comments
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