Crypto Earnings: Three Firms Report Quarterly Results Amid Token Price Declines
Three cryptocurrency companies, Bitdeer (BTDR), Forward Industries (FWDI), and Bit Digital (BTBT), will report their quarterly earnings this week, each coming off a quarter with heavy losses.
The firms' results will show the extent to which the price downturns of major tokens like Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) affected their financial performance.
Bitdeer, which reports its second-quarter 2026 results on Monday, August 10, saw a $159.5 million net loss in Q1 due to weaker cryptocurrency prices, despite revenue rising to $188.9 million and adjusted EBITDA remaining positive at $14.4 million.
Forward Industries will report its fiscal third-quarter results on Wednesday, posting a $283.1 million net loss in Q2 largely due to Solana-related write-downs. The company's stock rose after it acquired over 500,000 SOL at an average price of about $79 per token.