Solana Company records $105.2 million in Q3 net income
HSDT Solana Co
$1.86 +1.92%
View chart & analysis → - 1Solana Company transitioned the Pacific Backbone infrastructure from the construction phase to the operational phase.
- 2The company generated $3.3 million in revenue during the third quarter through staking rewards and validation operations.
- 3Solana Company set a $15 million registered direct offering price at a 5% premium to its net asset value per share as of September 30.
So what's the key point?
Solana Company earned $3.3 million in the third quarter as it began operating its infrastructure. The company set its stock price at 5 percent higher than its asset value.
Source The Motley Fool +1 · View original ↗
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