Digital Currency Group said its Chief Financial Officer Michael Kraines stepped down in April. A letter to shareholders showed that DCG has hired human resources agency Heidrick & Struggles to find a new CFO. In addition, the company also fully repaid a $350 million senior secured loan in the first quarter.
Data released by Digital Currency Group showed that the company's first-quarter revenue was $180 million, up 63% from the fourth quarter. Based on adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), the company recorded a loss of $6 million last quarter. (CoinDesk)