profitability

Fitch expects Tesla's pure electric vehicle business to continue to maintain strong profitability, but profit margins may decline in the coming years as the company rapidly increases significant investments in artificial intelligence.

Bitcoin exchange-traded fund (ETF) holders have returned to profitability. Bloomberg ETF analyst James Seyffart posted on the X platform on Monday, stating that the rise in the New York market on Monday morning brought the average investor's cost basis for the ETF (approximately $81,700) back into the profit zone for the first time since January of this year. Despite last week's setback of key cryptocurrency legislation, the Clarity Act, and the Federal Reserve's interest rate hike, Bitcoin still broke through $86,000, reaching a daily high of $86,800, and is currently reported at approximately $86,800, but still over 30% lower than the historical high of $126,000 set last year.In terms of capital flows, U.S. spot Bitcoin ETFs managed by institutions such as BlackRock, Fidelity, Grayscale, and Morgan Stanley recorded a net inflow of over $6 million last week, with investors pouring nearly $593 million on Thursday and Friday alone. According to Coinglass data, these ETFs currently manage a total of $98.8 billion in assets.In the background, Bitcoin began to rise in August after the U.S. Treasury announced it would at least double the scale of long-term bond repurchases, achieving the best weekly performance since 2023. Subsequently, the price reached a historical high in October, but fell back at the end of the month due to the largest liquidation in cryptocurrency history (over $19 billion in positions were liquidated). Despite the Federal Reserve's hawkish turn, investors continued to flock to the so-called "currency devaluation trade," driving the price rebound.

According to a report by the Financial Times citing informed sources, Anthropic has informed a small group of shareholders that its adjusted operating profit will be positive for the second consecutive quarter. This metric excludes costs such as equity incentives.According to informed sources, Anthropic's gross margin exceeds 80% when not accounting for revenue shared with distribution partners like Amazon and the costs of model training.

Zach Pandl, the research director at Grayscale, pointed out that Zcash, as a Bitcoin-like digital currency with privacy features, currently has lucrative mining profits. Although Bitcoin network miners earn about $35 million daily, far exceeding Zcash's approximately $2 million, the daily revenue per mining machine for Zcash is about twice that of Bitcoin, with revenue per megawatt-hour approximately four times that of Bitcoin, even surpassing some AI/high-performance computing cloud services.Driven by the strong performance of token prices, Zcash's overall mining activity has increased more than 2.5 times this year, forming a virtuous cycle of "price increase --- mining increase --- network security enhancement --- supporting price." Pandl believes that at the current valuation, Zcash mining remains attractive and continues to strengthen its network security.

According to Yonhap News Agency, Park Hyun-joo, Chairman of Mirae Asset Group, stated that the cryptocurrency trading platform Digital X will be the core pillar of "Mirae Asset 3.0." Based on the group's customer assets exceeding 1,500 trillion won, the initial goal is to expand the digital asset business to 150 trillion won and aim for profitability by 2027.Mirae Asset plans to expand its products around four major directions: crypto assets, stablecoins, RWA, and STO, and promote the digitization of assets such as gold, silver, and electricity, as well as on-chain financial services. Digital X was formerly the South Korean cryptocurrency exchange Korbit, which was renamed after Mirae Asset Group acquired 97.15% of its shares.

According to on-chain analyst Ai Yi (@ai_9684xtpa), BTC has fallen below $76,000, and the whale "set 10 big targets" for short positions has returned to profitability. Their holdings include:BTC short position: 1,830.724 coins, valued at approximately $139 million, with an opening average price of $76,397.56, currently with an unrealized profit of about $800,000;ETH short position: 12,756.739 coins, valued at approximately $30.25 million, with an opening average price of $2,371.57, currently with an unrealized loss of about $30,000.It is currently unclear whether this address has closed its positions or has reopened short positions after previously reducing its holdings.

According to Gelonghui, Samsung Electronics disclosed in its preliminary earnings report that its operating profit for the period from April to June this year is expected to reach 89.4 trillion won, approximately 58.4 billion dollars, setting a new quarterly historical record, with a quarter-on-quarter increase of 56%, surpassing analysts' previous average expectation of 84.2 trillion won.During the same period, Samsung Electronics' revenue is expected to reach 171 trillion won, exceeding the market estimate of 169.2 trillion won, and growing approximately 129% compared to the same period last year. The company plans to announce its complete financial report on July 30, at which time it will disclose net profit and classified data for each business segment.The report states that Samsung Electronics' quarterly operating profit has surpassed NVIDIA, making it the company with the highest quarterly operating profit in the world. The image shows that in the ranking of quarterly operating profits among major tech companies, Samsung Electronics ranks first with 58.4 billion dollars, NVIDIA ranks second with 53.5 billion dollars, Alphabet (Google) ranks third with 39.7 billion dollars, Microsoft ranks fourth with 38.4 billion dollars, and Apple ranks fifth with 35.9 billion dollars.

According to WSJ, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in the first quarter, and it will achieve profitability at the operational level for the first time. Due to its enormous computing power requirements, the company may not be able to maintain profitability throughout the year; the operational profits have already accounted for the costs of training new models but do not include equity incentive expenses.As part of an ongoing financing round, Anthropic disclosed this data to investors, and this round of financing is likely to raise its valuation above that of OpenAI. Last summer, Anthropic shared financial data with investors, which indicated that the company might not achieve full-year profitability until at least 2028.

According to OnchainLens monitoring, as the HYPE price declines, the 5x leveraged HYPE short position established by Loracle.hl (Loracle.xyz) has returned to profitability, and its 5x leveraged CRBS short position currently has an unrealized profit of over 1.76 million dollars.Its total profit has now risen to 41.43 million dollars.

According to The Block, Galaxy Digital's annual report shows that the company recorded a net loss of approximately $241 million for the year, primarily affected by unrealized losses in digital assets and investment positions.Adjusted data indicates that the company achieved an EBITDA of approximately $216 million, with core operating business profitable under non-GAAP accounting standards. Among them, the digital asset business, which includes trading, lending, asset management, and staking services, recorded an adjusted gross profit of approximately $505 million. Following the release of the financial report, the company's stock price rose by over 11%.

According to on-chain analyst @MorenoDV_ in a post on CryptoQuant, the long-term holders (LTH) of BTC are approaching a critical turning point in their adjusted net unrealized profit (NUPL), but the market bottom signal has not yet been triggered.Since the peak on October 6, 2025, LTH profitability has sharply compressed from 58% to 3% over 142 days, reflecting a significant deterioration in investor sentiment and holding structure. However, LTH-NUPL is currently still slightly above zero and has not entered the comprehensive liquidation range necessary for historically forming a market bottom.Analysts point out that true market bottoms in history have formed after LTH holdings have fully turned into losses. The current environment is closer to the late-cycle pressure phase rather than complete liquidation. It is recommended to focus on signals where LTH-NUPL continues to fall below zero, accompanied by long-term compression of price and volatility, as this condition has historically been highly correlated with asymmetric entry opportunities.

According to Cointelegraph, holders of BlackRock's spot Bitcoin ETF IBIT have returned to profitability after Bitcoin rebounded above $90,000, indicating a potential shift in sentiment among one of the key investor groups driving the market this year.Arkham data shows that the largest spot Bitcoin fund, BlackRock's IBIT, has seen cumulative profits rise back to $3.2 billion. Arkham stated, "On October 7, at its peak, holders of BlackRock's IBIT and ETHA were nearly $40 billion in profit, compared to a drop to $630 million just four days earlier. This means the average cost of all IBIT purchases is nearly break-even." With ETF holders no longer under pressure, the pace of Bitcoin ETF sell-offs may continue to slow. The situation has significantly improved since the recorded net outflow of $903 million on November 20.

ChainCatcher news, according to CoinDesk, investment bank Jefferies pointed out in a report released on Sunday that as Bitcoin prices fell by 2%, while the network's hash rate surged by about 9%, the profitability of Bitcoin mining declined by over 7%, intensifying the pressure on miners' profits in the fourth quarter of 2025.In that month, North American listed mining companies produced 3,401 Bitcoins, down from 3,576 in August, with their share of the global network decreasing from 26% to 25%. Among them, MARA Holdings had the highest output at 736 Bitcoins, up from 705 in August; CleanSpark followed closely with 629 Bitcoins, down from 657 in August. The price drop also reduced revenue, with a theoretical mining rig of 1 EH/s generating about $52,000 in daily income in September, down from $56,000 in August, and nearly $43,000 a year ago. The price decline, coupled with rising network difficulty, continues to compress the profit margins of the mining industry.

ChainCatcher news, according to Jinshi reports, a report raising concerns about profitability in the artificial intelligence industry led to a decline in the U.S. stock market overnight, which in turn caused a slight drop in Bitcoin prices. U.S. media The Information reported that Oracle's division providing professional services to OpenAI and other companies currently has a relatively small profit scale. Following the news, Oracle's stock price fell along with other tech stocks. Previously, due to the U.S. government shutdown and political concerns in other regions, investors sought alternative assets, and Bitcoin prices had reached a historical high of $126,223.

ChainCatcher news, according to Bloomberg, Strategy has theoretically met the profit conditions required for inclusion in the S&P 500, having recorded $14 billion in unrealized gains last quarter. If included, passive funds tracking the index would need to passively purchase about 50 million shares, amounting to approximately $16 billion at current prices, resulting in institutional passive holdings of about $70 billion in Bitcoin reserves.Although Strategy was included in the Nasdaq 100 by the end of 2024, the S&P 500 has stricter requirements regarding liquidity, market capitalization (no less than $22.7 billion), profit records, and industry balance, ultimately depending on the committee's judgment.