BitGo, a cryptocurrency infrastructure firm listed on the NYSE, reports strong first-quarter revenue growth but a wider net loss. Across multiple reporting outlets, the company posts quarterly revenue of $3.8 billion, representing more than a doubling year over year (up 112.6%). Despite the jump in revenue, BitGo’s net loss increases in the quarter. CoinTelegraph reports that the company’s net loss reaches $60.7 million, attributing the wider loss partly to a decline in the Bitcoin price and to costs related to its initial public offering (IPO). The Block similarly notes that the revenue surge contrasts with expanding losses, framing the results as a quarter of increased top-line performance alongside lower bottom-line profitability. Taken together, the coverage indicates that revenue growth is being offset by market conditions affecting crypto-related activity and by one-time or IPO-associated expenses during the same period. The company’s financial performance is therefore mixed: revenue rises sharply, while the net loss worsens in Q1.