Bitcoin Well says Q2 2026 revenue drops 43% on bitcoin price slide, weaker crypto demand

Reuters2026/08/13 15:29

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For the three months ended June 30, 2026, revenue fell 43% to CAD 18.5 million as bitcoin prices slid 12%.
Segment revenue declined across channels: Online Bitcoin Portal CAD 8.3 million, Infinite CAD 5.4 million, ATMs CAD 4.8 million.
Gross profit slipped to CAD 1 million, while gross margin widened to 5.6% on higher-margin mix and improved spreads.
Adjusted EBITDA weakened to a loss of CAD 523,800 as operating expenses rose to CAD 1.6 million on software and staffing.
Net loss narrowed to CAD 38,068, helped by a CAD 1.7 million non-cash gain from revaluing cryptocurrency loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitcoin Well Inc. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin Well says Q2 2026 revenue drops 43% on bitcoin price slide, weaker crypto demand

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