earnings

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 …

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In an unusual investor call, Apple reports flat quarterly earnings amid COVID-19

Enlarge / Apple CEO Tim Cook. Drew Angerer/Getty Images Despite disruptions to both supply and demand caused by the global COVID-19 pandemic, Apple posted $58.3 billion in revenue in its second quarter, eking out 1 percent growth over last year’s second quarter. This beat some recent expectations by investors, but it falls well behind the …

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Tesla delays Semi electric truck to 2021

Sponsored Links Roberto Baldwin/Engadget You’ll have to wait a while longer before you see Tesla’s Semi hauling cargo. As part of a presentation discussing earnings, Tesla said it was “shifting” (read: delaying) deliveries of its electric big rig to 2021, or two years past its original 2019 target. The company didn’t elaborate on what prompted …

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