Crypto lender Silvergate sinks after delaying annual report, warning about viability

Crypto lender Silvergate sinks after delaying annual report, warning about viability

FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum and DogeCoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Shares of Silvergate Capital Corp slumped 29% in premarket trading on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.