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 […]
