Galaxy digital Michael Novogradz reported on $46 Million losses – Bits Media

The new Galaxy Digital income report shows, that the crypto company generated losses in the amount for the second quarter of the year $46 million.

A company from New York, headed by General Director Michael Novograz (Michael Novogratz) In the previous quarter, I recorded a profit in size $134,2 million, stated in the report for January-March.

At losses for April-June, mining revenue $15,4 million and increased by 51%. The company managed to complete the second quarter with a hashReit about 3,7 EH/s, that more than 20% exceeds the indicator of the previous period.

“The Galaxy operating business showed good results in the second quarter against the background of the continuing uncertainty and pressure from the regulatory authorities, Since we continue to manage the company to meet the changing needs of our customers ".

Previously, Novogradz said, that seriously considers the option of transferring business from the United States to another country due to the increasing pressure of officials. The billionaire counts, that the United States will remain an important player in the cryptocurrency market in the long run, However, the authorities need to develop industry, and not destroy it.

The businessman recently stated, that a new wave of applications for spot-bitcoin -etf will help the first cryptocurrency, and by the end of the year the BTC course will significantly increase.