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New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Use USDT/USDC to mint GUSD for treasury-level yields
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If delivery is unavailable, th
Antalpha, a Bitcoin Mining ecological service company, reported a net income rise of 423% year-on-year in the first quarter.
Gate News bot News: Antalpha, a Singapore-based fintech company focused on the bitcoin mining ecosystem, released its first-quarter results (unaudited) on Tuesday, showing that the company’s net income in the first quarter of 2025 increased by 423% year-on-year to $1.46 million. Total revenue increased 41% year-over-year to $13.6 million, up from $9.65 million last year.
Antalpha primarily provides digital asset lending, financing, and risk management solutions for Bitcoin miners through its Antalpha Prime platform. The company is also a strategic partner of Bitmain. The company went public on Nasdaq last month.
The company views the Antalpha Prime platform as a key driver of profit growth.
Paul Liang, Chief Financial Officer of Antalpha, stated: “The scalability of the Antalpha Prime fintech platform allows our profit growth to outpace our revenue growth. In addition to our strong core business, the company is also exploring new areas of digital asset lending, including enabling our partners to offer Ethereum-backed loans and providing financing for GPUs used in artificial intelligence inference computing.”
Source: The Block