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* In June 2014, Minds + Machines announced that they had earned a £729,000 net profit in 2013 after taxes after years of running at a loss. The income was due to the payouts from private auctions for New gTLDs that were lost by the company. The company stated that in October 2013 they generated £2.97 million from losing auctions for [[.lawyer]] and [[.website]].<ref>[http://domainincite.com/16829-mm-profits-by-losing-new-gtld-auctions M+M Profits by Losing New gTLD Auctions] (10 June 2014) Kevin Murphy, ''DomainIncite''; Retrieved 10 June 2014</ref>
* In June 2014, Minds + Machines announced that they had earned a £729,000 net profit in 2013 after taxes after years of running at a loss. The income was due to the payouts from private auctions for New gTLDs that were lost by the company. The company stated that in October 2013 they generated £2.97 million from losing auctions for [[.lawyer]] and [[.website]].<ref>[http://domainincite.com/16829-mm-profits-by-losing-new-gtld-auctions M+M Profits by Losing New gTLD Auctions] (10 June 2014) Kevin Murphy, ''DomainIncite''; Retrieved 10 June 2014</ref>
* In December 2014, Minds + Machines put out a press release stating that it had raised $4.4 million by losing three recent [[gTLD]] auctions for .latino, .school and a third string it could not disclose due to the rules of the private auction; the press release states that after the auctions, M and M had $45 million in cash and cash equivalents on hand.<ref>[http://investors.mindsandmachines.com/2014/12/auction-and-sales-channel-update/ Minds and Machines auction and sales channel update]</ref>
==References==
==References==