Tech
DCG reports 2022 revenue of $719 million and a loss of $1.1 billion as the company grapples with plunging cryptocurrency prices and restructures its lending platform, Genesis (Ian Allison/ CoinDesk)
Ian Allison / CoinDesk:
DCG reports 2022 revenue of $719 million and a loss of $1.1 billion as the company grapples with plunging cryptocurrency prices and restructures its lending platform, Genesis.— DCG holds cash and cash equivalents of only $262 million at the end of 2022, while investment assets amount to $670 million.
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