Nakamoto shares have dropped 6% in premarket trading after the company announced a quarterly revenue decline of $5.8 million, pushing its operating revenue below zero.
Source
"Nakamoto Shares Plummet 6% Ahead of Q3 Earnings" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The financial struggles were largely attributed to a loss on Bitcoin options, which weighed heavily on the company's bottom line.
BTC · 7D · $69,181−8.5%