Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
DigitalX Limited ( (AU:DCC) ) has issued an announcement.
DigitalX Limited has strategically increased its focus on blockchain infrastructure, particularly crypto asset staking, to generate stable, recurring revenue. This shift has resulted in staking activities becoming a significant contributor to the company’s revenue, with $318k earned in the March quarter. Concurrently, DigitalX has achieved a 23% reduction in operating costs through process optimization and targeted savings, enhancing its scalability and resilience. The company also continues to prioritize Bitcoin accumulation, adding 41.99 Bitcoin from the Mt Gox hacking event to its balance sheet.
More about DigitalX Limited
DigitalX Ltd (ASX:DCC) is a leading Australian digital investment manager and the only ASX-listed crypto fund manager. With over six years of experience in digital asset management, the company has delivered strong results, including the top-performing DigitalX Bitcoin Fund in Australia for 2023. DigitalX focuses on domestic individual wholesale investors and family offices, managing Australia’s first ASX-listed spot Bitcoin ETF and leveraging blockchain technologies for value creation.
YTD Price Performance: -62.50%
Average Trading Volume: 32,265
Technical Sentiment Signal: Buy
Current Market Cap: $40.11M
Find detailed analytics on DCC stock on TipRanks’ Stock Analysis page.