Digital Currency Group Posts 23% Climb in Third-Quarter Revenue
- DCG’s asset manager Grayscale remains key revenue driver
- Shareholder letter flags debt payments to bankrupt Genesis
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Digital Currency Group reported a 23% climb in revenues and said it had repaid some of the debt owed to its bankrupt subsidiary Genesis.
Consolidated revenue rose to $188 million in the third quarter compared with $153 million in the same period a year earlier, according to a letter to investors seen by Bloomberg News. The company said EBITDA — or earnings before interest, taxes, depreciation and amortization — came in at $69 million.