BitGo Posts $44M Quarterly Profit as Platform Assets Grow, But Adjusted EBITDA Stays Negative

TL;DR: BitGo reported roughly $44.1 million in third-quarter net income even as adjusted EBITDA remained negative at about $4.3 million. Assets on its platform rose to $59.9 billion on the company’s normalized measure. The headline revenue figure includes substantial direct costs, so it should not…