Miner Company
Gemini stock surges despite lawsuit and restructuring concerns
Shares of Gemini Space Station surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and announced a $100 million investment from its founders. The New York-based company's shares, which were priced at $28 during its initial public offering, closed at $5.26 on Thursday before rallying in premarket trading.
Shares of Gemini Space Station surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and announced a $100 million investment from its founders. The New York-based company's shares, which were priced at $28 during its initial public offering, closed at $5.26 on Thursday before rallying in premarket trading.