SI - SI STOCK NEWS

Silvergate Capital Corporation (NYSE: SI), a leader in financial infrastructure for the digital currency sector, announced CEO Alan Lane and CFO Tony Martino will participate in a fireside chat at the Canaccord Genuity 42nd Annual Growth Conference on August 9, 2022, at 8:30 a.m. ET. Investors can access the live webcast through Silvergate's investor relations page, with an online replay available later. Silvergate's innovative real-time payments platform, the Silvergate Exchange Network, facilitates solutions for digital currency companies and investors globally.

Silvergate Capital Corporation (NYSE:SI) reported strong financial results for the second quarter of 2022, with net income of $38.6 million, up from $27.4 million in Q1 2022 and $20.9 million in Q2 2021. Earnings per share reached $1.13 compared to $0.79 in Q1 2022. The number of digital currency customers grew to 1,585, contributing to $191.3 billion in U.S. dollar transfers via the Silvergate Exchange Network, a 34% increase from the previous quarter. Average digital currency deposits were $13.8 billion. Noninterest expense rose to $30.6 million, influenced by increased salaries and benefits.

Silvergate Capital Corporation (NYSE: SI) will release its Q2 2022 financial results on July 19, 2022, prior to market opening. A conference call is scheduled for 11:00 a.m. ET on the same day. Interested parties can access the call by phone, or listen via a webcast on the company's investor relations site. Silvergate is a leading provider of financial infrastructure solutions tailored for the digital currency industry, facilitating rapid market growth.

Siemens Government Technologies (SGT) announced that its Siemens Defense Cloud software-as-a-service (SaaS) application suite has attained FedRAMP “Ready” status. This recognition allows U.S. government agencies to access and evaluate the secure cloud services provided by Siemens. Teamcenter® X, the foundational software for Siemens Defense Cloud, is designed to manage sensitive unclassified data and has been identified by the U.S. Air Force for its digital acquisition strategies. The achievement supports federal agencies in their cloud adoption journey.

Silvergate Capital Corporation announced its financial results for Q1 2022, reporting a net income of $27.4 million, up from $21.4 million in Q4 2021. Net income per diluted common share rose to $0.79, compared to $0.66 in the previous quarter. Digital currency customers increased to 1,503, with average deposits at $14.7 billion. However, U.S. dollar transfers on the Silvergate Exchange Network fell 35% from the previous quarter. The company acquired blockchain payment technology assets from the Diem Group to enhance its stablecoin infrastructure, indicating strategic growth despite industry challenges.

Silvergate Capital Corporation (NYSE: SI) announced the release of its Q1 2022 financial results on April 19, 2022, before market open. A conference call will follow at 11:00 a.m. (ET) on the same day, accessible via phone or webcast. The replay can be accessed from 1:00 p.m. (ET) on April 19 until May 3, 2022. Silvergate is recognized for its innovative financial solutions within the digital currency industry, particularly through its Silvergate Exchange Network, facilitating the growth of digital currency markets.

Silvergate Bank has issued a $205 million term loan to MacroStrategy, a subsidiary of MicroStrategy (MSTR). This interest-only loan is secured by bitcoin held in MacroStrategy's collateral account. The funds will be utilized for purchasing additional bitcoins, covering related fees, and for general corporate purposes. The SEN Leverage program, launched in 2020, now totals approximately $570.5 million in commitments, highlighting the capital needs in the digital currency industry. MicroStrategy aims to strengthen its position as a major public company investor in bitcoin.

Silvergate Capital Corporation (NYSE:SI) has appointed Rebecca Rettig to its board of directors and that of its subsidiary, Silvergate Bank. Rettig, currently the General Counsel of the Aave Companies, brings extensive knowledge in blockchain and digital currency, having represented clients in litigation and regulatory matters. Her expertise is expected to enhance Silvergate's position in the evolving digital asset industry. CEO Alan J. Lane expressed confidence that Rettig's background will support the company’s strategic initiatives in providing innovative financial solutions.

Silvergate Capital Corporation (NYSE: SI), a leader in financial infrastructure for the digital currency sector, announced that CEO Alan Lane and Chief Strategy Officer Ben Reynolds will take part in a fireside chat at the KBW Fintech Payments Conference on March 3, 2022, at 10:15 a.m. ET. Investors can attend the live webcast via Silvergate's investor relations page. The company's real-time payments platform, the Silvergate Exchange Network, supports a growing clientele in the digital currency space, helping to reshape global commerce.