Crypto-exposed equities: miners (Marathon, CleanSpark, Riot, Core Scientific), crypto-treasury pure plays (MicroStrategy), and the exchange / brokerage stack (Coinbase, Robinhood). Earnings move with bitcoin price, but mining cost efficiency, hash-rate capacity, and treasury policy drive most of the long-term spread between these names.
Reported
3 / 9
last 45 days
Beat EPS
0
0% beat rate
Missed EPS
3
Avg Surprise
-416.25%
vs analyst EPS
EPS actual vs. analyst estimate for every crypto miners & treasury company that reported in the last 45 days.
AI-generated analysis for the most recent crypto miners & treasury earnings filings on record.
RIOT Platforms' Q2 FY2026 results were defined by a sharp net loss driven by a $401 million fair-value hit on its bitcoin holdings, overshadowing a 14% revenue increase from expanded mining and early data center leasing.
Read AI analysisMARA reported a sharp net loss in Q2 FY2026, driven by a $342.7 million unrealized bitcoin loss, spotlighting the company's exposure to cryptocurrency volatility amid strategic moves into AI infrastructure.
Read AI analysisCleanSpark swung to a $239.8 million net loss in Q3 FY2026 as a $116.3 million Bitcoin fair value loss and a 31% revenue drop overwhelmed a landmark AI data center lease, underscoring its vulnerability to crypto market swings.
Read AI analysisTeraWulf pivoted to HPC data center leasing in Q2 FY2026, with HPC generating 71% of revenue, but net losses widened dramatically due to one-time charges and heavy buildout spending, while post-quarter deals with Anthropic and the Abernathy divestiture highlighted its infrastructure ambitions and capital recycling.
Read AI analysisCipher Digital reported a $267.5 million net loss in Q2 FY2026, driven by non-cash warrant liability revaluation, while accelerating its transformation into an HPC data center developer with expanded project pipeline and billions in financing.
Read AI analysisStrategy reported a net loss of $8.2 billion in Q2 FY2026 due to an $8.3 billion unrealized loss on its bitcoin holdings, even as software revenue grew 6.9% and its bitcoin stash rose to 846,000 coins.
Read AI analysisIn Q2 FY2026, Coinbase reported an 18.5% year-over-year revenue decline to $1.22B and a net loss of $359.5M, driven by lower consumer crypto spot trading volumes and fair value losses on crypto assets held for investment.
Read AI analysisIn Q2 FY2026, Robinhood Markets delivered strong financial results with revenue increasing 32.3% YoY to $1.31B and net income rising 45.3% YoY to $561M, driven by rapid growth in event contracts, options trading, and Robinhood Gold subscriptions.
Read AI analysisCore Scientific's Q2 FY2026 revenue more than doubled year-over-year to $164.2M driven by rapid colocation capacity ramp with CoreWeave, but the company posted a $1.16B net loss (vs $936.8M loss a year ago) largely due to a $1.05B non-cash change in fair value of warrants, while stockholders' equity remained deeply negative at -$2.42B following a major debt-funded capital raise for data center expansion.
Read AI analysis