Crypto revenue tanks 70% for major AI finance company, but its paper gains just delivered a record quarterly profit

Source: CryptoSlate· Liam 'Akiba' Wright· August 11, 2026

Revenue fell 70% while continuing-operations and adjusted EBITDA losses widened, leaving the operating picture weaker. The post Crypto revenue tanks 70% for major AI finance company, but its paper gains just delivered a record quarterly profit appeared first …

This story was reported by CryptoSlate. Read the full original article:

Read on CryptoSlate

More in Business & Funding

View all

Analyst predicts 55% rally for Riot Platforms stock on $9B Anthropic deal

Riot's pivot to AI infrastructure could redefine its market perception, offering stable revenue and diversifying beyond volatile crypto mining. The post Analyst predicts 55% rally for Riot Platforms stock on $9B Anthropic deal appeared first on Crypto Briefin…

Crypto Briefing · Aug 11, 2026

Wedbush Flags Surprise AMD Catalyst From Anthropic

This article first appeared on GuruFocus. AMD Gets Fresh AI Demand Signal From Anthropic Data Center Deal Advanced Micro Devices (NASDAQ:AMD) is getting another potentially important signal that its Anthropic partnership could translate into substantial real-…

Biztoc.com · Aug 11, 2026

Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure

Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic, CNBC's David Faber has confirmed. The agreement would lease 191 megawatts at Riot's Rockdale, Texas computer campus, giving Anthropic access to scarce, grid-connected po…

Biztoc.com · Aug 11, 2026

General Catalyst leads $1.1B round into 2-month-old River AI

River AI, an AI startup founded by xAI co-founder Igor Babuschkin, has secured $1.1 billion in funding in a seed/Series A round led by General Catalyst and AMP PBC, with participation from Nvidia, AMD Ventures, Y Combinator, and Temasek. (AMP PBC is an AI-foc…

Biztoc.com · Aug 11, 2026