Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
Related
Nvidia Shares Surge in After-Hours Trading After Record $96.2 Billion Revenue
The chipmaker doubled quarterly revenue while disclosing $366 billion in future commitments and up to $108.5 billion in guarantee exposure.
Securitize falls 16% after earnings miss, tokenization revenue drops
Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates.
Strive buys 1,110 Bitcoin for $81.5M, holdings top 21K BTC; ASST shares surge 11%
Strive’s Nasdaq-traded shares surged more than 11% as the Bitcoin treasury company said it paid an average of $73,409 per BTC, pushing its holdings to 21,356 Bitcoin.
Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower
Cloud and AI product revenue accelerated in the June quarter, but a 75% drop in net income extended Alibaba's run of profit misses to a fifth straight quarter.
Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.
NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month
The shutdown comes as NFT trading volumes have collapsed from their 2021-2022 peak, with market revenue projected at $318 million this year.