Bitcoin price slump pushes cryptocurrency pioneer to £71m half-year loss
The CEO of South West Bitcoin-focused firm The Smarter Web Company today insisted its ambition to build one of the UK's leading companies remained unchanged despite slumping to a £71m half-year pre-tax loss.
The Bristol-based firm, among the leaders in adopting corporate Bitcoin payments, made an operating loss of £2.7m in the six months to 30 April, which its CEO said period predominantly reflected one-off costs linked to its uplisting to the London Stock Exchange’s main market.
The firm made a £207,221 pre-tax loss in the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
