Company Overview

Coinbase Global, Inc. is a financial technology company that provides end-to-end financial infrastructure and technology. It is primarily focused in building cryptoeconomy, a transparent financial system enabled by crypto that leverages crypto assets, a digital asset that is build using blockchain technology. Its platform enables approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries to participate in the cryptoeconomy. For retail users it offers primary financial account to invest, store, spend, earn and use crypto assets. It provides one-stop shop for hedge funds, money managers and corporations for accessing crypto markets through advanced trading and custody technology. The Company provide developers, merchants and asset issuers a platform with technology and services that enables them to build applications that leverage crypto protocols, participate in crypto networks and securely accept cryptocurrencies as a payment.

Headquarters

C/O The Corporation Trust Company 

1209 Orange Street
Wilmington, DE
19801 

Invested 4/14/2021

@ 381.00

Coinbase's Shares Plunge After First-Quarter Loss  Coinbase's earnings fell short of estimates, and revenue fell 27% from last year, the effect of lower cryptocurrency asset prices plus volatility that began in late 2021 and has persisted. With Bitcoin at half its November peak price, Coinbase shares are at their lowest since last year's initial public offering. 

    -- The crypto exchange operator had a net loss of $430 million and revenue of $1.165 billion for the first quarter. Analysts expected revenue of $1.476 billion. Its shares sank as much as 19% in after-hours trading before recovering some ground. 

    -- Coinbase said it believes current market conditions aren't permanent and it remains focused on the long-term. Both transaction fees and the volume of monthly transacting users declined, and Coinbase said it expects trading volumes to fall again in the second quarter.

     -- Coinbase shares are down 83% from a high of $368.90 last November and down 74% from its much-anticipated IPO a year ago.

     -- El Salvador President Nayib Bukele said Bitcoin's price drop below        $30,000 was a buying opportunity. The country made the crypto a legal        tender last year when it owned 400 Bitcoins. With the most recent dip, it        bought another 500 tokens, he said. It now has 2,301 Bitcoins, or $72        million. 

*Coinbase Global beats by $3.85, beats on revs; sees retail MTUs and total trading volume lower on sequential basis

4:10 PM ET 8/10/21 | Briefing.com

Reports Q2 (Jun) earnings of $6.42 per share, $3.85 better than the S&P Capital IQ Consensus of $2.57; revenues rose 1040.2% year/year to $2.03 bln vs the $1.83 bln S&P Capital IQ Consensus.Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021. Verified Users were 68 million. Trading Volume in Q2 was $462 billion, an increase of 38% compared to Q1. Total retail Trading Volume was $145 billion, an increase of 21% compared to Q1. As of June 30, 2021, Assets on Platform totaled $180 billion. 

*Coinbase Global initiated with an Outperform at Oppenheimer; tgt $434

3:31 PM ET 5/11/21 | Briefing.com

***Based on 9 analysts offering 12 month price targets for Coinbase Global in the last 3 months. The average price target is $435.33 with a high forecast of $650.00 and a low forecast of $250.00. The average price target represents a 45.86% increase from the last price of $298.46. 

 Apr. 19, 2021, 05:00 PM 

"Our base case scenario implies COIN not only becomes one of the largest financial exchanges for crypto but that it is also successful in diversifying into other products and services, most notably those aimed at institutional investors, an area it has more aggressively pursued over the past two years," Kuiper wrote.

Kuiper and his team also presented earnings per share estimates of $6.89 for 2021 and $3.00 for 2022 in their note to clients and said they see operating margins ramping and then stabilizing at 35%.

In a separate thematic research note that was also released on Friday, CFRA highlighted Coinbase's push for institutional clients, saying the group is seeking to build a "one-stop-shop" for institutions to access the crypto markets.

CFRA analysts laid out three scenarios for Coinbase's shares, a bear case where the company trades at $120, a base case where the firm hits $400, and a bull case where shares could rise as high as $840 per share.

The bull case implies a potential 145% jump in share prices over the next year amid a push for crypto from institutions. It also assumes a CAGR of 36% for the next decade, slightly below Amazon's 40% CAGR from 1998 to 2009, and puts Coinbase's revenue north of $19 billion by 2027.

FOREX-Dollar heads for second week of losses as yields decline7:53 AM ET 4/16/21 | ReutersFOREX-Dollar heads for second week of losses as yields decline

* Greenback set for 0.5% drop this week after hitting 1-month low

* Benchmark yield fell most in 5 months despite strong U.S. data

* U.S. Treasury FX report due, eyes on Swiss franc

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

Company overview

Core Scientific, Inc. is an operator of purpose-built facilities for digital asset mining and a provider of blockchain infrastructure, software solutions and services. The Company has blockchain infrastructure, hosting provider, and digital asset mining companies in North America with approximately 592 megawatts (MW) of power. The Company operates through two segments: Equipment Sales and Hosting, and Mining. The Equipment Sales and Hosting segment consists primarily of its blockchain infrastructure and third-party hosting business and equipment sales to customers. The Mining segment consists of digital asset mining for its own account. The Company mines digital assets for its own account and provides colocation hosting services for other large-scale miners. It mines Bitcoin for third-party hosting customers and for its own account at its eight fully operational data centers in Georgia (two), Kentucky (one), North Carolina (two), North Dakota (one) and Texas (two).

Headquarters

106 East 6Th Street, Suite 900-145
Austin, TX
78701

Invested 7/26/2023

@ $0.8075

*******26th Highest % gain in 1st portfolio

UP +72.94%+

Company Overview

Ebang International Holdings Inc is a China-based holding company principally involved in Application Specific Integrated Circuit (ASIC) chip design and the manufacture and sales of Bitcoin mining machines. The Company also provides telecommunication products and management and maintenance services. The Company conducts its businesses in Mainland China, Hong Kong, the United States and other countries.

Headquarters

Building 2, 1418-36, Moganshan Road
Hangzhou, ZHJ
310015 

Invested 4/16/2021

@ 4.8801