Gemini net loss of $107.7 million for the second quarter, a 37 per cent increase over the same period

On 14 August, Gemini Space State Inc., a digital assets platform led by billionaires Tyler Winklevoss and Cameron Winklevoss, came on the market last year at a time when the encryption market had reached its highest level in history and the market had fallen sharply since then. According to the latest financial report, Gemini had lost a fourth consecutive quarter. The company had a net loss of $107.7 million in the second quarter, and a loss of $0.89 per share after amortization, which was higher than the average expected by Bloomberg survey analysts. Gemini stated that the loss for the same period last year was $133 million. At the same time, the second quarter of the year saw an increase of 37 to $45.5 million, which is higher than market expectations。