Nakamoto reports Q2 net loss of $133 mln
Nakamoto reports Q2 net loss of $133 mln
Overview
US Bitcoin enterprise's Q2 revenue was $35.9 mln, first full quarter as integrated company
Company reported Q2 net loss of $133 mln, driven by goodwill impairment and Bitcoin losses
Nakamoto authorized a $25 mln share repurchase and reduced debt by $45 mln in Q2
Company says management fee revenue impacted by reduced asset values and volatile market conditions
Outlook
Company expects minimal expenses from discontinued healthcare operations in future quarters
Result Drivers
BITCOIN DERIVATIVES - Adjusted operating income was primarily driven by $10.4 mln in revenue from Bitcoin derivatives, including protective strategies and income from volatility
CONFERENCE REVENUE - Media & Information Services segment benefited from $22.6 mln in revenue generated by the Bitcoin 2026 flagship conference
INSTITUTIONAL ENGAGEMENT - Company expanded institutional engagement through Deal Day, Bitcoin for Corporations Symposiums, and launch of Bitcoin Magazine TV
Company press release: ID:nBwbCnM8va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue |
| $35.90 mln |
|
Q2 Net Loss |
| $133 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Nakamoto Inc is $17.00, about 244.1% above its August 12 closing price of $4.94
Reuters Recommended Reads
Aug 12 - BitGo Q2 revenue jumps on higher asset sales
Aug 10 - Bakkt Q2 revenue falls 70% on digital asset trading slowdown
Aug 12 - DeFi Development Q2 revenue rises on digital asset treasury growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)