What may be more interesting about crypto mining than the crypto itself is the beginning of a move by some miners to repurpose their expensive mining machines to work on AI and other compute-intensive applications. That is almost 20 percentage points worse than Bitcoin’s loss over the same period. Since then, the stock has plunged by more than 87%. ( NASDAQ: BITF) came public in late June 2021, and the shares reached their all-time high of around $9.00 in early November. Toronto-based cryptomining firm Bitfarms Ltd. Here is a look at two companies scheduled to report results first thing Monday morning. No notable results are scheduled for release on Friday.ģ Goldman Sachs Analyst Favorite ‘Strong Buy’ Stocks That Have Up to 90% Upside Potential Shares traded up more than 6%.įaraday Future, News Corp and Petrobras are scheduled to report quarterly results after markets close on Thursday. JD.com hammered estimates, handily beating both EPS and revenue forecasts. Algonquin said it will conduct a strategic review of its renewable energy business with the goal of “enhancing shareholder value.” Shares traded up about 0.3%. markets opened on Thursday, Algonquin Power also beat on both the top and bottom lines. Unity Software missed analysts’ EPS estimate but beat on revenue and issued upside guidance for the second quarter. Robinhood beat estimates on both the top and bottom lines, and investors have responded warmly to the company’s plan to begin 24-hour trading in a selected bag of stocks, including Tesla, Amazon, and Apple. Shares traded down nearly 9% in the first half-hour of trading on Thursday. That was not good enough to overcome a decline in its cable networks business. markets closed on Wednesday, Disney missed the consensus earnings per share (EPS) estimate but did beat revenue expectations. In morning trading on Thursday, the Dow Jones industrials were down 1.14%, the S&P 500 down 0.64% and the Nasdaq 0.19% lower.Īfter U.S.
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