Briefing

Mogo posts $75M loss, sells crypto in Q4

The Vancouver-based fintech, which was early to the trend of putting digital assets on its balance sheet, disclosed that it sold all the bitcoin and ether it purchased in January 2021 for $1.25 million at a loss, recouping just $625,000 in November 2022. In a release, Mogo also said its net loss, which widened from $29.6 million during the same period the previous year, was partly driven by a $31.5 million impairment charge to its 34 per cent stake in the cryptocurrency-trading platform Coinsquare. (The Logic)

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    A photo of misinformation researcher Joan Donovan wearing a leather jacket and spectacles. She is holding a microphone in one hand and gesturing with the other.

    Briefing

    Nuvei strikes global partnership with Microsoft

    Competition Bureau investigates Rogers over claims about infinite-data wireless plans

    Entrepreneur Daniel Langlois and wife Dominique Marchand were assassinated: Police

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited