The dip in share value was accompanied by broader losses across the space as names like Signature Bank, MicroStrategy, and Canaan and Ebang International also saw their stocks take a hit. Silvergate took a $1 billion loss in its Q4 earnings report.
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Shares of Silvergate Capital dropped precipitously after its crypto payments network was suspended amid questions over the company’s viability. So reports Reuters.
The dip in share value was accompanied by broader losses across the space as names like Signature Bank, MicroStrategy, and Canaan and Ebang International also saw their stocks take a hit. Silvergate took a $1 billion loss in its Q4 earnings report.