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Cointelegraph: Nakamoto Q3 Revenue Turns Negative, Pre-Market Shares Fall About 6%
According to Cointelegraph, Nakamoto’s operating revenue turned negative in the third quarter, and its pre-market share price fell by about 6%. The report stated that a $5.8 million loss on Bitcoin options dragged quarterly operating revenue below zero, while the rise in Bitcoin prices drove net income to $85.5 million. Operating revenue turning negative and net income being positive are different financial metrics, so the quarter as a whole cannot be described as a net loss.
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