DigitalBTC Downplays Negative Cashflow in Q3 Report

By October 20, 2014Bitcoin Politics

The low price of bitcoin is starting to knock a dent in digitalBTC’s finances, according to the company’s latest regulatory filing.

The Australia-based firm reported US$4.36m cash reserves in its Q3 report , along with approximately 8,800 BTC awaiting liquidation, which is currently valued at almost $3.37m.

However, because of investments in mining equipment and the fact that the firm is holding a significant portion of its mined bitcoin, the company posted an operating loss of $261,000.Despite the figures, the company is downplaying […]

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