This crypto firm lost $13M operating, but paper gains on its own token cleared a path to major payout bonuses
The9’s second-quarter revenue was pushed by accounting for its 9BIT token holdings moderately than its working companies, with one fair-value achieve alone exceeding the corporate’s backside line. The Nasdaq-listed firm reported $32.4 million of net income for the quarter ended June 30, up from $22.6 million within the first quarter. Yet The9 recorded solely $712,000…
