TheBlock
BitGo posted $3.8 billion in revenue for the first quarter, a 112.6% year-on-year surge that underscores the custody and infrastructure provider's growing footprint in institutional crypto services. The headline number is striking, but the bottom line tells a more complicated story.
Net loss widened to $60.7 million in Q1, more than double the $25.7 million loss recorded in the same period a year ago. The divergence between top-line growth and deepening losses points to heavy investment spending — a pattern common among crypto infrastructure firms scaling aggressively ahead of a potential IPO or liquidity event. BitGo has been among the more active candidates in that conversation.
CoinDesk