For the quarter ended June 30, 2026, revenue rose to USD 79.1 million, driven mainly by higher Bitcoin-mining revenue.
Bitcoin-mining revenue increased to USD 72.1 million as 1,004 BTC were mined at an average USD 71,682 per BTC.
HPC/AI revenue climbed to USD 7.1 million, reflecting management’s focus on scaling GPU cloud capacity and contracted demand.
Gross operating margin was USD 24.2 million, or 31% of revenue excluding depreciation; adjusted EBITDA was USD 13.4 million.
Net loss totaled USD 142.9 million, which management attributed primarily to non-cash items such as USD 84.7 million of provisions and USD 53.7 million of depreciation.
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