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BitGo revenue rises 80% to $4.3 billion but posts $19 million loss

The Block reports BitGo posted a net loss of $19.0 million in Q2, reversing from $38.3 million net income a year earlier.

Reported · Written up by our desk · Market Structure

BitGo reported revenue of $4.3 billion in Q2, an 80% increase, according to The Block.

Despite the jump in top-line results, the firm posted a net loss of $19 million in the quarter.

The Block said the year-ago comparison showed a different outcome, with BitGo recording net income of $38.3 million in the same period last year.

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