The company generated $167 million in Bitcoin mining revenue in Q2, marking a significant contraction versus previous quarters. This decline underscores ongoing headwinds from softer cryptocurrency prices and rising operational costs within its mining fleet.

Following the revenue release, shares fell 13.9% as investors reevaluated growth prospects. Retail sentiment plunged to a score of 39 from a quarterly average of 42, prompting active analysis on r/wallstreetbets and r/options about the company’s outlook.