The 4Q21 loss is due to the inclusion of losses of US$146.6mn on its Bitcoin holdings, negating the $110.5mn in gross profit from its software ops. This is one company structure I simply don't get.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.