Sequans Communications' Q2 2025: Key Contradictions in IoT Revenue, Bitcoin Strategy, and 5G Development
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最新报道：Sequans Communications reported mixed Q2 2025 results, with IoT revenue declining 12% year-over-year to $18.7 million due to supply chain disruptions, while its Bitcoin mining segment grew 23% to $5.2 million. CEO Georges Karam stated the company remains committed to 5G development despite short-term challenges, confirming two new design wins with major telecom operators. The firm also announced a strategic shift to allocate 15% of its Bitcoin holdings to fund R&D for energy-efficient mining chips, aiming to address industry sustainability concerns. Sequans maintains its full-year revenue guidance of $85-$90 million, banking on 5G adoption and Bitcoin price recovery.
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