BitGo reports that revenue rises 80% to $4.3 billion in the second quarter, but the company posts a net loss of $19 million. The result is a turnaround from net income of $38.3 million reported in the same quarter last year.
Both outlets tie the quarterly loss to financial items beyond revenue growth. Cointelegraph says an $18.8 million unrealized digital asset loss contributes to the decline, along with weaker trading margins. The Block also reports the overall net loss figure and frames it against the prior-year profit, indicating the company’s profitability shifts despite higher top-line results.
