DigitalBTC Reports $6.77 Million First Year Net Loss; Management Nonetheless Bullish

DigitalBTC, the Australia-based miner, has reported a first-year net loss of $6.77 million on annual mining revenue of $6.4 million, according to zdnet.com. The company nonetheless claims to be very bullish on bitcoin. The company, which trades as Digital CC Limited on the Australian Securities Exchange (ASX), reported negative earnings before interest, tax, depreciation, and amortization (EBITDA) of $3.16 million for the full year ending June 2015. Second Quarter Brought $1.2 Million Loss In this year’s second quarterly report in late July, DigitalBTC reported $1.2 million in losses. Despite this, the company purchased a total of more than $29.6 million […]

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