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WonderFi Provides Update on Operational Progress, Consolidated Revenue up 751% YoY
Thursday, February 8, 2024Company Profile | Follow Company
Cash and Digital Asset Holdings of $37.4 Million as of December 31, 2023
Continued Momentum with Account Sign-Ups and Activity Post-Bitcoin ETF Launch
WonderFi Continues to Generate Positive EBITDA and Operating Earnings on a Consolidated Basis
Vancouver, BC, February 7, 2024--(T-Net)--WonderFi Technologies Inc. (TSX: WNDR) today announced certain operational updates and unaudited financial information. All financial references are in Canadian dollars unless otherwise noted.
Preliminary January Financial Metrics:
Operational Updates:
"The Board is pleased with the Company's operational performance and continued progress towards surpassing its growth targets for 2024. We are impressed with the management team's ability to achieve positive EBITDA during the last quarter, ahead of schedule," shared Michael Wekerle, Board Co-Chair. "Under Mr. Skurka's leadership, we believe there is a continued opportunity to create meaningful shareholder value," added Mr. Wekerle.
ABOUT WONDERFI
WonderFi owns and operates leading digital asset businesses in Canada. WonderFi is the holding company for Bitbuy and Coinsquare, two of Canada's largest crypto trading platforms and SmartPay, a crypto payments processing platform.
With a collective user base of over 1.6 million registered Canadians and a combined assets under custody exceeding $1 billion, WonderFi serves one of the largest crypto investor communities in Canada.
Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. [ MORE ] |
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