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BitGo's Q2 Revenue Surges 80% to $4.3B — Yet Swings to $19M Net Loss
Blockchain

BitGo's Q2 Revenue Surges 80% to $4.3B — Yet Swings to $19M Net Loss

BitGo released its Q2 earnings, with revenue jumping 80% year-over-year to $4.3 billion. However, net income flipped from a $38.3 million profit in the same period last year to a $19 million loss, a swing of nearly $57 million.

Price Target Slashed to $11, But Mizuho Says BitGo Regulatory Delay Is Actually Good News
Blockchain

Price Target Slashed to $11, But Mizuho Says BitGo Regulatory Delay Is Actually Good News

Mizuho cut its price target on BitGo to $11, but pointed out that delays to the Clarity Act could actually benefit the crypto custodian — citing a 27% year-over-year growth in client numbers as the reason.