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CoreWeave Revenue Soars on AI Demand, But Heavy Spending Hits Profit
CoreWeave experienced significant revenue growth driven by increased AI demand, yet substantial expenses and large future investments have resulted in notable financial losses and...
Read Full Article →Strategy Plans to Raise Another $21 Billion to Buy Bitcoin Following Q1 Loss
The company is seeking to raise $21 billion for additional Bitcoin purchases, reflecting a strong commitment to its investment strategy despite reporting losses in the first quarte...
Read Full Article →Malaysian Police Raid $8,000-a-Month, 45-Machine Bitcoin Mining Operation
The recent police raid on a Bitcoin mining operation in Malaysia highlights ongoing challenges the country faces with significant financial losses attributed to electricity theft i...
Read Full Article →$364 Million Lost in April to Crypto Hacks, Scams: CertiK
In April, significant financial losses of $364 million were attributed to various crypto-related hacks and scams, with a substantial portion resulting from a phishing attack that s...
Read Full Article →Crypto Losses of $1.7 Billion from Hacks, Fraud Already Surpass 2024 Total: Immunefi
In 2024, the total financial losses in the cryptocurrency sector due to hacks and fraud have reached $1.7 billion, significantly exceeding last year's losses during the same timefr...
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