Q2 2026 saw revenue more than double year-over-year to $74.9M, driven by Compute segment growth, but a $177.1M net loss resulted from a sharp decline in Bitcoin prices and higher expenses. Major project financings and a fully contracted Beacon Point campus position the company for future growth, th…
Q2 2026 saw revenue more than double year-over-year to $74.9M, driven by Compute segment growth, but a $177.1M net loss resulted from a sharp decline in Bitcoin prices and higher expenses. Major project financings and a fully contracted Beacon Point campus position the company for future growth, though exposure to Bitcoin volatility and legal risks remain.
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