Category: triples
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BAT triples solar use in renewable energy drive
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Cigarette maker British American Tobacco (BAT) has tripled its solar power consumption in the past year after completing major solar installations to improve its renewable energy capacity. The latest filings show the company’s solar power consumption has risen to 1,271 megawatt-hours in 2023, up from 474 megawatt-hours previously, reducing its…
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Robinhood Crypto Revenue Triples Amid SEC Crackdown
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The popular millennial trading platform released its earnings report on May 8, beating analysts’ estimates. According to the first quarter resultsRobinhood reported record revenue of $618 million, up 40% year over year. Additionally, revenue from cryptocurrencies rose 232% to $126 million. “Transaction-based revenue increased 59% year-over-year to $329 million, primarily…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…