Bithumb Reports $15.7 Million Second-Quarter Net Loss as Revenue Falls 35.8%
Uk Jin
Summary
- Bithumb posted a 21.8 billion won ($15.7 million) net loss in the second quarter, swinging from a 22 billion won ($15.9 million) profit a year earlier.
- Second-quarter revenue fell 35.8% to 86.3 billion won ($62.4 million) from 134.4 billion won ($97.1 million) a year earlier.
- Second-quarter operating profit was 12.1 billion won ($8.7 million), down 44%.
Forecast Trend Report by Period
Bithumb, the South Korean digital-asset exchange, posted a net loss in the second quarter.
The company recorded a net loss of 21.8 billion won ($15.7 million) in the quarter, according to the digital-asset industry on Aug. 14. That compared with a net profit of 22 billion won ($15.9 million) a year earlier.
Second-quarter revenue fell 35.8% to 86.3 billion won ($62.4 million) from 134.4 billion won ($97.1 million) a year earlier. Operating profit dropped 44% to 12.1 billion won ($8.7 million).
Uk Jin
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