Revenue, margins, EPS, EBITDA, and other financial metrics discussed in recent earnings calls.
APLD · Q3 FY2026 Earnings Call
…company generated $44.1M in adjusted EBITDA and $126.6M in total revenue, a 139% increase compared to the prior quarter. Management emphasized strong demand from hyperscalers, increasing industry power constraints, and a long-term strategy centered on multi-gigawatt AI data center development. Financial Performance Total revenue: $…
AGRI · Q4 FY2025 Earnings Call
…digital asset treasury strategy. Nearly half of total full-year revenue was generated in Q4 alone, despite the strategy only being implemented in November 2025. Management highlighted major progress in AVAX accumulation, staking expansion, and the foundation for long-term on-chain yield generation. Financial Highlights (Compared to Q4 2024) Tota…
KEEL · Q4 FY2025 Earnings Call
…WWT and Vertiv. Financial Performance (Compared to FY 2024) Revenue: $229 million, up 72% from prior year. Operating loss: $150 million vs. $28 million loss in 2024, driven by higher noncash depreciation ($98M) and higher impairments ($28M vs. $4M). Net loss: $209 million vs. $7 million in 2024. Key drivers include Bitcoin price decline, realize…
LMFA · Q4 FY2025 Earnings Call
…reached 22 BTC, up 25% versus Q3 (17.6 BTC). Curtailment revenue fell to $135,000 in Q4 from $150,000 in Q3, reflecting cooler conditions and more immersion machines—also improving uptime. Financial Results Q4 2025 Total revenue: $2.4 million, up 8.7% from Q3 and up 19% year-over-year. Mining margin: 25%, down from 49% in Q3…
FUFU · Q4 FY2025 Earnings Call
…to avoid forced BTC sales during the downturn. Total 2025 revenue reached $475.8M, up from $463.3M in 2024 (+2.7%). Cloud mining remained the company’s core revenue engine, with strong institutional demand. Key Financial Highlights Total Revenue: $475.8M (↑ from $463.3M in 2024) Cloud Mining Revenue: $350.6M (↑29.3% YoY; up…
CANG · Q4 FY2025 Earnings Call
…operational growth. Financial Highlights Q4 2025 Revenue: $179.5M. Full-Year 2025 Revenue: $688.1M. Bitcoin Mining Revenue: Q4: $172.4M; BTC mined: 1,718.3. Full-year: $675.5M; BTC mined: 6,594.6. Average Bitcoin Mining Costs: Q4 cost per BTC: $84,552 (excl. depreciation); $…
CORZ · Q4 FY2025 Earnings Call
…million; now holding under 1,000 BTC. Company expects a colocation revenue inflection in the coming months as additional megawatts begin billing, transitioning the business away from reliance on Bitcoin mining revenue. Bitcoin mining continues in “runoff mode” to cover minimum power draw requirements, with new block miners being installed to mainta…
RIOT · Q4 FY2025 Earnings Call
…Performance (Compared to FY 2024 Where Relevant) Total revenue: USD 647 million, up 72% year-over-year. Bitcoin Mining revenue: USD 576 million, an increase from USD 410 million in FY 2024 (approx.), driven by improved operational scale. Engineering/other revenue: USD 71 million. Net loss: USD 663 million, driven by noncash charg…
WULF · Q4 FY2025 Earnings Call
…$6.5 billion. Delivered WULF Den, CB1, and CB2A; began HPC revenue recording for Core42, with remaining buildings coming online in early 2026. Added 1.5 GW of new power-backed capacity in Kentucky and Maryland after year-end. Key Site Updates Kentucky (Hawesville – 480 MW): Immediate power availability. Significant hyperscaler…
MARA · Q4 FY2025 Earnings Call
…potential. The company believes AI inference is the fastest‑growing revenue driver for hyperscalers and that its power-rich sites are well-positioned to meet urgent demand. Analyst Q&A Paul Golding – Macquarie Capital Question: Financing dynamics around retaining 50% ownership in JV projects and whether MARA can contribute powered sites in exch…
ABTC · Q4 FY2025 Earnings Call
…the industry. Q4 2025 Financial & Operational Highlights Revenue: $78.3M (up 22% versus $64.2M in Q3). Full-year revenue: $185.2M. BTC mined: 783 BTC in Q4; 1,654 BTC total since ABTC launch. Total BTC reserve: 5,401 BTC at year-end (up 58% from 3,418 BTC in Q3). BTC cost of revenue: ~$46.9K per BTC in Q4 (improved from ~$50.2K in Q3). Gross mar…
HUT · Q4 FY2025 Earnings Call
…Genoot. Key Financial Results (FY 2025 vs FY 2024) Revenue: $235.1M, up 45% from $162.2M in 2024. Cost of revenue: $107.8M, up 24% from $86.8M. Gross margin improved to 54%, up from 47% in 2024. Net loss: $248M (vs. net income of $331.4M in 2024). Adjusted EBITDA loss: $135.4M (vs. +$555.7M in 2024). Main driver of…
CIFR · Q4 FY2025 Earnings Call
…Pearl), representing approximately $9.3 billion in contracted revenue. Expect average annualized NOI of $669 million from October 2026 to September 2036 based on existing leases; projected NOI reaches $754 million in 2035. Rapid progress in leasing and financing, including: Barber Lake: Lease upsized; construction underway and on schedule.…
HIVE · Q3 FY2026 Earnings Call
…Ended December 31, 2025) Quarter Overview Total quarterly revenue reached $93M, a significant increase from $29.2M in the same quarter last year and slightly above $87.3M in the prior quarter. Gross operating margin rose to $32.1M (35%), up from $5.3M (18%) YoY, though down from $42.4M (49%) in the previous quarter due to crypto price declines an…
BTDR · Q4 FY2025 Earnings Call
…2025 Earnings Call Summary Key Financial Highlights Total revenue: $224.8M, up 226% year-over-year and 32.5% sequentially. Self-mining revenue: $168.6M, up 306% YoY and 28.7% sequentially, driven by major growth in operating hash rate. SealMiner sales revenue: $23.4M, up 105% from Q3 2025. Gross profit: $10.6M (4.7% margin) vs. $40.8M (24.1%) in…
CAN · Q4 FY2025 Earnings Call
…Q4 2025 Earnings Call Summary Key Highlights Total Q4 2025 revenue reached $196 million, up 30.4% quarter over quarter and 121.1% year over year, the highest quarterly revenue in three years and above guidance midpoint. Full-year 2025 revenue was $530 million, up 139.6% year over year, nearly doubling 2024. Computing power sold in Q4 reached a re…
CLSK · Q1 FY2026 Earnings Call
…infrastructure and digital asset management (DAM) now represent growing revenue and strategic pillars. The company is now in "Phase 2" of AI expansion: tenant-driven technical and commercial alignment across multiple sites. CleanSpark now operates more than 50 EH/s of Bitcoin mining capacity and continues expanding power and land holdings t…
IREN · Q2 FY2026 Earnings Call
…new power capacity. Financial Highlights Total revenue: $184.7 million, down 23% from Q1 FY26, primarily due to reduced Bitcoin mining revenue as capacity shifted toward AI workloads. Bitcoin mining revenue declined due to lower operating hashrate and weaker Bitcoin pricing. AI cloud revenue increased in line with commissioning…
APLD · Q2 FY2026 Earnings Call
…2026 Earnings Call Summary Quarter Overview Fiscal Q2 2026 revenue was 126.6 million dollars, a 250 percent increase compared with 36.2 million dollars in the prior-year quarter. Growth was driven by 73 million dollars of tenant fit-out revenue for the HPC Hosting business and 12 million dollars of initial lease revenue from CoreWeave at Polaris…
ABTC · Q3 FY2025 Earnings Call
…Bitcoin ownership. Key Financial Results (Q3 2025) Revenue: $64.2 million, more than double the prior quarter (Q2: approx. $31 million). Cost of Revenue: Increased from $15.3 million (Q2) to $28.3 million (Q3). Gross Margin: Expanded to 56%, up from 49% in Q2. Management attributes this to operating leverage and structurally lo…
NIPG · Q2 FY2025 Earnings Call
…Call Summary Financial & Operational Highlights Total revenue for 1H 2025 was USD 61.2 million, up 55.5% year-over-year from the same period in 2024, driven primarily by: Talent management revenue of USD 46.1 million, up 110.6% YoY. Events production revenue of USD 11.3 million, up 30.1% YoY. Esports revenue…
CANG · Q3 FY2025 Earnings Call
Cango Inc. Q3 2025 Earnings Summary Total Revenue: USD 224.6 million, up 60.6% sequentially from Q2 2025. Bitcoin Mining Revenue: USD 220.9 million, up 50.9% sequentially. Net Income: USD 37.3 million, compared to a net loss of USD 9.5 million in Q3 2024. Operating Income: USD 43.5 million, compared to an operating loss of USD…
CLSK · Q4 FY2025 Earnings Call
…expanding into AI and compute technologies. Fiscal Year Revenue: $763.7 million, up over 100% year-over-year compared to fiscal 2024. Gross Margin: 55%, slightly down 1% YoY due to the first full fiscal year post-Bitcoin halving. Bitcoin Production: 7,978 BTC mined in FY25 at an average cost below $0.043 per kWh; average revenue per BTC…
CAN · Q3 FY2025 Earnings Call
Canaan Inc. Q3 2025 Earnings Call Summary Total Revenue: $150.5 million, exceeding guidance ($125M-$145M), up 50.2% QoQ and 104.4% YoY. Gross Profit: $16.6 million, up 78.6% QoQ, reversing a gross loss of $21.5M YoY. Adjusted EBITDA: Positive $2.8 million, improved from prior losses. Net Loss per ADS: Narrowed to $0.05, compar…
LMFA · Q3 FY2025 Earnings Call
…value. Key Financial Highlights (Q3 2025): Revenue: $2.2 million — up 13% sequentially from Q2 2025, and up 74% YoY. Mining Margin: Improved to 49%, attributed to efficient self-mining operations and energy curtailments. Net Loss: $3.7 million driven by increased payroll/staffing costs. Core EBITDA Loss: $…
KEEL · Q3 FY2025 Earnings Call
…natural gas generation using new pipeline access. No revenue anticipated before 2028. Financial Highlights (Q3 2025) Revenue: $84M total (including discontinued ops); $69M from continuing operations—up 156% YoY. Bitcoin Mined: 520 BTC at a gross mining margin of 35% and $48,200 direct cost per BTC. All-in Co…
FUFU · Q3 FY2025 Earnings Call
…Third Quarter 2025 Earnings Summary Overview Total revenue reached $180.7 million, the highest in company history. This represents 100% year-over-year growth and 57% sequential growth. Adjusted EBITDA rose to $22.1 million, up from $5.8 million in the prior-year period. Net income improved significantly to $11.6 million, compare…
WULF · Q3 FY2025 Earnings Call
…Financial Performance (Q3 2025 vs. Q2 2025): Revenue: $50.6 million (up 6% from $47.6M) HPC Lease Revenue: $7.2 million from WULF Den and CB-1 (launch of HPC segment) Bitcoin Production: 377 BTC (down 22% from 485 BTC)Due to site reconfigurations to support HPC operations Cost of Revenue: $17.1 million (down 2…
IREN · Q1 FY2026 Earnings Call
IREN Q1 FY '26 Earnings Call Summary Revenue: Reached a record $240 million, up 28% quarter-over-quarter and 355% year-over-year. Adjusted EBITDA: $92 million, showing strong margin performance despite higher payroll tax due to share price performance. Net income: Boosted by unrealized gains on prepaid forward and cap call transac…
MARA · Q3 FY2025 Earnings Call
…Bitcoin Mining Update: Q3 2025 was the highest revenue and exahash quarter in MARA’s history. Mined 2,144 BTC and purchased another 2,257 BTC during the quarter. Total holdings stand at 52,850 BTC as of Sept 30, up 98% YoY (from ~27,000 in Q3 2024). Revenue rose 92% YoY to $252.4 million, compared to $131.6 mi…
HUT · Q3 FY2025 Earnings Call
Hut 8 Third Quarter 2025 Earnings Call Summary Revenue: $83.5 million, up 91% YoY from $43.7 million in Q3 2024. Growth driven by American Bitcoin subsidiary and compute segment expansion. Net Income: $50.6 million, up significantly from $0.9 million in Q3 2024. Includes $76.6 million gain on digital assets (vs. $1.6 million loss a ye…
CIFR · Q3 FY2025 Earnings Call
…lease with AWS, expected to generate $5.5 billion in contract revenue. Phase 1 delivery in July 2026, rent commences August 2026. Fluidstack & Google Deal: 10-year lease agreement for 168 critical IT MW (244 MW gross) at Barber Lake site, worth around $3B initially, potentially $7B over 20 years. Google backstopping $1.4B in obligations — r…
RIOT · Q3 FY2025 Earnings Call
…Riot Platforms – Q3 2025 Earnings Call Summary Total Revenue (Q3 2025): $180.2 million, up 18% from $153 million in Q2 2025. Net Income (Q3 2025): $104.5 million ($0.26 per diluted share), down from $219.5 million ($0.58 per diluted share) in Q2 2025 primarily due to elevated costs and transitional investment into data center development…
APLD · Q1 FY2026 Earnings Call
…Applied Digital Fiscal Q1 2026 Earnings Call Summary Revenue: $64.2 million — an 84% increase year-over-year from $34.8 million in Q1 FY2025, largely due to $26.3 million in tenant fit-out revenue from CoreWeave at Polaris Forge One. Adjusted EBITDA: $5 million, compared to $6.3 million in the prior year period. Net Loss: GAAP net lo…
CANG · Q2 FY2025 Earnings Call
…approximately 6% of global network hash rate as of June 30, 2025. Revenue: Total revenue reached RMB 1 billion in Q2 2025. Of that, Bitcoin mining contributed RMB 989.4 million. This marks a significant shift from legacy operations to mining-focused revenue streams. Net Loss: Cango reported a net loss of RMB 2.1 billion due to two one-time…
IREN · Q4 FY2025 Earnings Call
…Record Financial Performance: IREN delivered record revenue and profitability in FY 2025 (ended June 30, 2025). Q4 FY25 revenue: $187 million, up $42 million from Q3 FY25. Full-year EBITDA grew 10x YoY to $650 million (adjusted). Net income for Q4 was $177 million. Bitcoin mining contributed $180 mill…
DMGI.V · Q3 FY2025 Earnings Call
…DMG Blockchain Solutions Q3 2025 Earnings Call Summary Revenue: $11.6M, down 8% from Q2 2025 ($12.6M), but up 40% from Q3 2024 ($8.3M). Bitcoin Mined: 84 BTC, down from 91 BTC last quarter due to heat-related challenges and equipment contamination. Cash, Short-Term Investments & Bitcoin: $61.8M at quarter end, flat QoQ, up 56% YoY.…
WULF · Q2 FY2025 Earnings Call
…Mariner site. This deal could generate up to $8.7 billion in revenue if lease extensions are exercised, with $3.7 billion in contracted revenue secured. Phase 1 (40 MW) goes live in H1 2026 with full deployment by year-end. Google Partnership: Google is backstopping Fluidstack’s lease obligations with a $1.8 billion guarantee over 10 years in e…
FUFU · Q2 FY2025 Earnings Call
BitFuFu Q2 2025 Earnings Summary Total Revenue: $115.4 million, representing a 47.9% increase from $78 million in Q1 2025. Total H1 2025 revenue reached $193.4 million. Adjusted EBITDA: $60.7 million in Q2 2025, compared to $8.3 million in Q2 2024 and $49.9 million for H1 2025. Net Income: $47.1 million in Q2 2025, up from $1.3 mi…
LMFA · Q2 FY2025 Earnings Call
…Financial Performance (Q2 2025 vs. Q1 2025 and Q2 2024) Total Revenue: $1.9 million (down from $2.4 million in Q1 2025) Bitcoin Mined: 18.4 BTC (slight decline from Q1 due to power curtailment and miner relocation) Energy Sales (Curtailment Revenue): $223K (up 49% from $150K in Q1 2025) Average BTC Price Realized: ~$98,100 (up fr…
CAN · Q2 FY2025 Earnings Call
Canaan Inc. Q2 2025 Earnings Summary Total Revenue: $100.2 million — up 40% year-over-year and 23% quarter-over-quarter. Surpassed the $100 million mark for the first time since Q3 2022. Gross Profit: $9.3 million — improved significantly from $0.6 million in Q1 2025. Adjusted EBITDA: $25.3 million — reached an all-time high since…
KEEL · Q2 FY2025 Earnings Call
…during Q2 2025 at a direct cost of $48,200 per coin, earning revenue of $98,000 per Bitcoin. This compares to $71 million in mining revenue in Q2 2025—a year-over-year increase of 87%. 12,000+ miners were installed in Q2 2025, completing all planned Bitcoin mining growth initiatives. Argentina operations, which had the least efficient fleet…
CLSK · Q3 FY2025 Earnings Call
CleanSpark Fiscal Q3 2025 Earnings Summary Revenue: $199 million, a 94% YoY increase from Q3 2024 ($103 million) and up 9% QoQ from Q2 2025. Net Income: $257 million for the quarter. Adjusted EBITDA: $378 million; normalized Adjusted EBITDA (excluding non-cash expenses): $78 million. Earnings Per Share (EPS): $0.90, record-set…
HUT · Q2 FY2025 Earnings Call
Hut 8 – Q2 2025 Earnings Summary Revenue: $41.3M (up 17% YoY from $35.3M in Q2 2024), primarily driven by increased Bitcoin mining activity under American Bitcoin and infrastructure upgrades. Net Income: $137.3M in Q2 2025 compared to a net loss of $71.9M in Q2 2024. Adjusted EBITDA: $221.2M, a strong recovery from a loss of $57.5…
CIFR · Q2 FY2025 Earnings Call
Cipher Mining Q2 2025 Earnings Call Summary Revenue: $44 million in Q2 2025, down 10% QoQ from $49 million in Q1 2025. YoY revenue increased by $7 million from Q2 2024. Adjusted Net Earnings: $30 million or $0.08/share, compared to $6 million or $0.02/share in Q1 2025 and a loss of $3 million or $0.01/share in Q2 2024. GAAP Net Lo…
RIOT · Q2 FY2025 Earnings Call
…Riot Platforms Q2 2025 Earnings Call Summary Total Revenue: $153 million, down 5% from $161.4 million in Q1 2025 due to lower Bitcoin production. Bitcoin Production: 1,426 BTC, down from 1,530 BTC in Q1 2025 amid a 9% increase in global network hash rate vs. Riot’s 5% hash rate growth. Self-Mining Hash Rate: Increased from 33.7 EH/…
APLD · Q4 FY2025 Earnings Call
…Earnings Call Summary Quarter Ending: May 31, 2025 Revenue: $38 million, up 41% year-over-year compared to Q4 FY2024. Growth driven by increased capacity in the Data Center Hosting business. Net Loss Attributable to Common Stockholders: $26.6 million or $0.12 per share. Adjusted net loss was $7.6 million or $0.03 per share. Adjus…
MARA · Q2 FY2025 Earnings Call
MARA Q2 2025 Earnings Call Summary Revenue: Record revenue of $238.5 million, up 64% from $145.1 million in Q2 2024, driven primarily by a 50% increase in average bitcoin prices and operational scalability. Net Income: Achieved record net income of $808.2 million ($1.84 per diluted share), compared to a net loss of $199.7 million ($0.…
HIVE · Q4 FY2025 Earnings Call
…Technologies – Q4 and FY2025 Earnings Call Summary FY2025 Revenue: $115.3 million, flat vs. $114.5 million in FY2024, supported by higher average Bitcoin prices and growth in AI HPC business. Adjusted EBITDA: $56.2 million, unchanged from FY2024, highlighting strong operational execution despite Bitcoin halving headwinds. Bitcoin Min…
FUFU · Q1 FY2025 Earnings Call
BitFuFu Q1 2025 Earnings Call Summary Total Revenue: $78 million, a 46% YoY decrease from $144.4 million in Q1 2024, mainly due to the April 2024 Bitcoin halving event and temporary disruptions in hashrate procurement. Net Loss: $16.8 million, compared to a profit last year, primarily due to a $19.4 million unrealized fair value loss…
DMGI.V · Q2 FY2025 Earnings Call
…Solutions - Q2 2025 Earnings Call Summary Key Highlights Revenue: $12.6M in the March quarter, up 9% from $11.6M in Q1 2025 (Dec quarter), driven by 8% higher average realized hashrate. Bitcoin Production: Mined 91 BTC (down from 97 in Q1 2025) due to a 14% drop in network BTC per EH generation. AI Expansion: Acquired 2MW of pre…
CAN · Q1 FY2025 Earnings Call
Canaan Inc. Q1 2025 Earnings Call Summary Total Revenue: $82.8 million, exceeding guidance of $75 million. This is an increase of 136% year-over-year. Mining Machine Sales: $58.3 million in revenue, up 149% YoY. A total of 5.5 million terahashes sold (+63% YoY), driven primarily by A15 series delivery (19,000 units accounting for $45…
CANG · Q1 FY2025 Earnings Call
Cango Inc. Q1 2025 Earnings Summary Total Revenue: USD 145 million, up significantly from Q1 2024 (USD 9.1 million), driven by the Bitcoin mining business initiated in Nov 2024. Bitcoin Mining Revenue: USD 144 million, accounting for 99% of total revenue. Gross Profit: USD 13.61 million. Operating Loss: USD 21.42 million, attr…
BTDR · Q1 FY2025 Earnings Call
Bitdeer Q1 2025 Earnings Call Summary Total Revenue: $70.1M, down 41.3% from $119.5M in Q1 2024. Gross Profit: -$3.2M vs. $34.1M in Q1 2024. Gross Margin: -4.6% vs. 28.6% YoY. Adjusted EBITDA: -$56.1M vs. $27.3M YoY. IFRS Net Profit: $409.5M, largely due to $503.1M in non-cash derivative gains from convertible bonds and Tether…
LMFA · Q1 FY2025 Earnings Call
…24.3 Bitcoins during Q1 2025, a 12% increase from Q4 2024. Revenue: Mining revenue was $2.3 million, up 25% sequentially vs. Q4 2024; however, it was down 50.5% year-over-year due to April 2024 halving. Margins: Mining margin improved to 38.5%, from 31.2% in Q4 2024, aided by curtailment energy sales and operational efficiency. Energy C…
IREN · Q3 FY2025 Earnings Call
…31, 2025 (Q3 FY2025). Financial Highlights: Revenue: $148 million, up 24% from $120 million in Q2 FY2025. Adjusted EBITDA: $83.3 million, up from $62 million in Q2 (+34%). Net Profit After Tax: $24.2 million, up 28% from $18.9 million in Q2. Bitcoin Mining Operations: Average hashrat…
KEEL · Q1 FY2025 Earnings Call
…All-in cash cost to mine Bitcoin: $72,300 vs $92,500 revenue per Bitcoin → ~$20,000 profit per BTC mined. Monthly free cash flow from mining: ~$8 million in Q1 2025. Q1 2025 Financial Performance (Compared to Q1 2024): Revenue: $67M (↑33% YoY) Gross Mining Profit: $28M with 43% mining mar…
WULF · Q1 FY2025 Earnings Call
…Financial Highlights (Q1 2025 vs Q4 2024): GAAP revenue: $34.4M (flat q/q). GAAP net loss: $61.4M (widened from $29.2M). Adjusted EBITDA: -$4.7M (down from +$2.5M). Cash: $218M; Total assets: $841M; Liabilities: $670M. SG&A (ex-stock comp): $11.5M (down from $15.5M). CapEx of $130M spent on HPC…
MARA · Q1 FY2025 Earnings Call
…Q1 2025 (compared to Q1 2024 and Q4 2024 where relevant) Revenue: $213.9M, up 30% from $165.2M in Q1 2024 Net Income: Net loss of $533.4M vs. net income of $337.2M in Q1 2024 EPS: -$1.55 per diluted share vs. $1.26 in Q1 2024 Adjusted EBITDA: Loss of $483.6M vs. $542.1M loss in Q1 2024 Bitcoin Holdings: Over 48,000 BTC held on b…
CLSK · Q2 FY2025 Earnings Call
…Financial Highlights (Quarter Ended March 31, 2025) Revenue: $181.7M, up 12% QoQ and 62.5% YoY. Gross Profit: ~$100M, up nearly 5% from Q1 FY25 and 24% YoY, with a gross margin of 53%. Bitcoin Production: 1,957 BTC, down 3.6% YoY (pre-halving). Average Revenue per BTC: $92,811, up 10.5% QoQ and 69% YoY. Marginal Cost per Coi…
HUT · Q1 FY2025 Earnings Call
Hut 8 Q1 2025 Earnings Call Summary Revenue: Q1 2025 revenue was $21.8 million, down from $51.7 million in Q1 2024. The decline was driven by planned downtime for fleet upgrades and the impact of the April 2024 Bitcoin halving. Net Loss: $134.3 million, compared to net income of $250.7 million in Q1 2024. A $112.4 million non-cash los…
CORZ · Q1 FY2025 Earnings Call
Core Scientific Q1 FY2025 Earnings Summary Total Revenue: $79.5 million, a decline of 16% sequentially from Q4 FY2024, primarily due to reduced Bitcoin mining operations and site conversions to colocation. Adjusted EBITDA: -$6.1 million, reflecting the shift from mining to high-density colocation and transitional investment. Bitco…
CIFR · Q1 FY2025 Earnings Call
…Bitcoin mined: 524 (vs. 492 in Q4 2024); up 6.5% Revenue: $49 million (vs. $42 million in Q4 2024); up 16% Fleet efficiency: 17.6 joules/TH Electricity cost per BTC: ~$20,899 Total Revenue: $49 million, up 16% QoQ and up $1 million YoY. Net Income: GAAP net loss of $39 million ($0.11/share), down from…
RIOT · Q1 FY2025 Earnings Call
…to 47.4% (7% yield). Financial Highlights: Revenue: $161.4M, a 13% increase from $142.6M in Q4 2024. Gross Profit: $73.6M (46% margin), improved from $55.7M (39% margin). Bitcoin Mining Revenue: $142.9M, up 13% from $126.3M. Adjusted EBITDA: -$176.3M, down from +$296.3M in Q4 2024. Net Loss: $296.4…
APLD · Q3 FY2025 Earnings Call
…Earnings Summary Quarter Ending: February 28, 2025 Total Revenue: $52.9 million, up 22% YoY Cloud Services Revenue: $17.8 million, down sequentially due to the shift from reserve to on-demand model and technical hurdles, which are now resolved Data Center Hosting Revenue: $35.2 million Adjusted EBITDA: $10 million, up 878% Yo…
GRYP · Q4 FY2024 Earnings Call
…halving and 66% network hash rate increase). Revenue: $20.5M in FY 2024 vs. $21.1M in FY 2023 (slight decline). Breakeven Cost per BTC: $47,359 in 2024 vs. $18,192 in 2023 (more than doubled, reflecting halving and hash rate pressures). Adjusted EBITDA: -$5.5M in 2024 vs. $94K in 2023; Note: Includes…
ABTC · Q4 FY2024 Earnings Call
…2023) Bitcoin Mined: 334 BTC (↓ from 740 BTC in 2023) Revenue: $20.5M (↓ from $21.1M in 2023) Breakeven Cost per Bitcoin: $47,359 (↑ from $18,192) Adjusted EBITDA: -$5.5M (↓ from $94K). Excluding $6M in one-time legal and marketing fees related to going public, adjusted EBITDA would be slightly above breakeven. Net Loss: $21.…
LMFA · Q4 FY2024 Earnings Call
…February 2025, equivalent to $2.81 per share. Revenue and Profitability: FY 2024 revenue reached $11 million; Q4 2024 revenue was $2 million, down from $4.1 million in Q4 2023 due to the April Bitcoin halving and temporary machine idling. Core EBITDA for FY 2024 was $3.9 million; Q4 2024 core EBITDA was $3.3 m…
KEEL · Q4 FY2024 Earnings Call
…Bitcoin Production: 654 BTC earned in Q4 2024, with $56M in total revenue, up 21% from Q3 2024 ($46.3M). Direct Mining Profit: $26M with a 47% margin. Avg. mining cost per BTC was $40,800 vs. average BTC price of $83,400, generating $22,600 in cash profit per BTC. Net Income: $15M (or $0.03 per share), compared to a Q3 net loss of $37M (or…
CAN · Q4 FY2024 Earnings Call
…Canaan Inc. Q4 & Full Year 2024 Earnings Summary Total Revenue: Q4 revenue came in at $89M, exceeding the company's guidance of $80M. This represents an 81% YoY increase and marks the company’s highest quarterly revenue in two years. Full year 2024 revenue totaled $270M, up 27.4% YoY. Mining Machine Sales: Contributed $73M to quarterly r…
FUFU · Q4 FY2024 Earnings Call
BitFuFu Full Year 2024 Earnings Summary Total Revenue: $463.3 million, up 63.1% from $284.1 million in 2023. Reflects growth across cloud mining, self-mining, and re-introduction of mining equipment sales. Net Income: $54 million (not specified for 2023, but identified as a historical high). Adjusted EBITDA: $117.5 million, up fro…
CANG · Q4 FY2024 Earnings Call
…Highlights - Q4 2024 (YoY comparison with Q4 2023): Revenue: RMB668 million (↑ 413% from RMB130.2 million) Net Income: RMB55.9 million (vs. net loss of RMB103.8 million) Operating Income: RMB22.5 million (vs. loss of RMB28.9 million) Non-GAAP Adjusted Net Income: RMB59.2 million (vs. loss of RMB99.2 million)…
DMGI.V · Q1 FY2025 Earnings Call
…2025 (December 2024 quarter) Financial Highlights Revenue: $11.6M, up 97% sequentially from $5.9M in Q4 2024. Net Income: -$3.1M (-$0.02/share), improved from -$0.05/share in Q4 2024. Cash + Digital Assets: $58.2M, up 62% QoQ and 110% YoY. Bitcoin Mined: 97 BTC, up 49% from prior quarter. Hash Rate: Reached 1.62 EH/s in…
HUT · Q4 FY2024 Earnings Call
…Year 2024 Earnings Call Summary Highlights Total Revenue: $162.4 million, up 69% YoY compared to $95.9 million in 2023. Net Income: $331.4 million vs. $21.9 million the prior year—boosted by a $509.3 million gain on digital assets due to new FASB fair value accounting rules. Adjusted EBITDA: $555.7 million vs. $85.7 million in 2…
WULF · Q4 FY2024 Earnings Call
TeraWulf Q4 and Full Year 2024 Earnings Summary Revenue Growth: GAAP revenues more than doubled year-over-year—from $69.2M in 2023 to $140.1M in 2024. Revenues in Q4 rose 29% quarter-over-quarter to $35M. Profitability: Adjusted EBITDA grew 89.3% year-over-year to $60.4M. Q4 Adjusted EBITDA declined to $2.5M from $6.3M in Q3. Bitc…
MARA · Q4 FY2024 Earnings Call
…Marathon Digital Holdings Q4 2024 Earnings Call Summary Revenue: Q4 revenue grew 37% YoY to $214.4M (from $156.8M in Q4 2023). Full-year 2024 revenue increased 69% YoY to $656.4M (from $387.5M in 2023). Net Income: Q4 net income jumped 248% YoY to $528.3M or $1.24/share (from $151.8M or $0.66/share). Full-year net income increased 107% t…
CORZ · Q4 FY2024 Earnings Call
Core Scientific Q4 and FY 2024 Earnings Summary Revenue: Q4 2024 revenue was $94.9 million, down 33% year-over-year. Total FY 2024 revenue reached just over $500 million. Adjusted EBITDA: $13.3 million in Q4 2024. Net Loss: Q4 2024 net loss was $265 million, compared to $195.7 million in Q4 2023. Digital Asset Self-Mining Reve…
BTDR · Q4 FY2024 Earnings Call
…Bitdeer Q4 and Full-Year 2024 Earnings Summary Total Revenue (Q4 2024): $69 million, down from $114.8 million in Q4 2023. This was impacted by the April 2024 Bitcoin halving, increased network hashrate, reduced cloud mining and hosting revenues, and increased R&D costs. Gross Profit (Q4 2024): $5.1 million, down from $27 million YoY. Gro…
CIFR · Q4 FY2024 Earnings Call
…and Full Year 2024 Summary – Cipher Mining Inc. (CIFR) Revenue: $42 million in Q4 (▲75% QoQ from $24M in Q3). Full year revenue rose by $24 million YoY, driven by Bitcoin price appreciation and hashrate expansion. GAAP Net Income: $18 million in Q4, compared to a net loss of $87 million in Q3. Full year GAAP net loss of $45 million in 20…
RIOT · Q4 FY2024 Earnings Call
…of capital and diversifying institutional investor base. Revenue and Profit Growth: FY2024 revenue increased to $376.7M (+34% YoY), driven by higher Bitcoin prices. Gross profit rose to $147.6M from $97.6M in 2023, and non-GAAP adjusted EBITDA more than doubled to $463.2M. Net Income: FY2024 net income reached $109.4M ($0.40/share) compared…
IREN · Q2 FY2025 Earnings Call
…million, up $60 million from prior quarter Bitcoin Mining Revenue: $113.5 million Operating Cash Flow: $53.7 million Bitcoin Mined: 1,347 BTC at an average realized price of $84.3k Average electricity cost/Bitcoin decreased to $21.4k from $35.4k due to spot pricing strategy Hardware profit margin exceeds 75%…
HIVE · Q3 FY2025 Earnings Call
…HIVE Digital Technologies Q3 2025 Earnings Call Summary Revenue: $29.2 million in the quarter ended December 31, 2024, a 29% increase from $22.6 million in Q2 2025, but slightly down from $31.3 million in Q3 2024. Gross Mining Margin: $6.1 million or 21%, down from $11.3 million or 36% in Q3 2024 due to the Bitcoin halving event in April…
CLSK · Q1 FY2025 Earnings Call
…Call Summary Quarter Ending: December 31, 2024 Total Revenue: $162.3 million, up 120% YoY and 82% QoQ Net Income: $246.8 million or $0.85 per basic share Adjusted EBITDA: $321.6 million, an industry record Bitcoin Treasury: 9,952 BTC at quarter end; 10,556 BTC as of Jan 31, 2025 (fourth-largest publicly held BTC treasury glob…
NB2.DE · Q4 FY2024 Earnings Call
…Financial Performance (Q4 & Full Year 2024): Revenue: EUR 200.5 million, up 159% YoY from 2023. Q4 Revenue: EUR 86 million, up 281% YoY from Q4 2023. Cloud Revenue: EUR 121 million in 2024 (60% of group revenue), up 722% YoY from EUR 14.7 million in 2023; Q4 Cloud revenue reached EUR 55 million (16% QoQ increase from…
APLD · Q2 FY2025 Earnings Call
Applied Digital Fiscal Q2 2025 Earnings Summary Revenue: $63.9M, up 51% YoY versus Q2 FY2024, driven by expansion in the Cloud Services segment. Revenue Breakdown: $36.2M from Data Center Hosting, $27.7M from Cloud Services. Adjusted Net Loss: $12.6M or $0.06/share. GAAP net loss was $138.7M or $0.66/share due to non-cash charges…
DMGI.V · Q4 FY2024 Earnings Call
…Earnings Summary Quarter End: September 30, 2024 Revenue: $5.9M, down 29% from $8.3M in Q3 2024; Full-year revenue rose 21% YoY to $33.9M Bitcoin Mined: 65 BTC in Q4 (down 26% QoQ due to halving), 503 BTC FY vs 885 BTC in FY 2023 (down 43%) Hash Rate: Realized hash rate was 0.98 EH/s in Q4, now running at 1.7 EH/s and targeting 2…
CLSK · Q4 FY2024 Earnings Call
…Reporting Period: October 1, 2023 – September 30, 2024 Total Revenue: $378.9 million, up 125% from $164.8 million in FY2023 Adjusted EBITDA: $245.8 million, a sharp increase from $25 million in FY2023 (up 882%) Gross Profit: $213.5 million, up 185% from the prior year Net Loss (GAAP): $145.8 million, primarily due to a $197 million…
IREN · Q1 FY2025 Earnings Call
…Quarter Ending: Q1 FY '25 (July - September 2024) Total Revenue: $57.5M (Bitcoin mining: $54.3M, AI Cloud Services: $3.2M) Adjusted EBITDA: $2.6M Bitcoin Mined: 821 BTC at avg realized price of $66K Average Operating Hash Rate: Increased to 12.1 exahash (from 9 exahash) All-in Cash Cost per Bitcoin: $35,400 (would have been $26,…
ARBK · Q3 FY2024 Earnings Call
…in Q3 2024 (~1.3 BTC/day), down from ~156 BTC in Q2 2024. Revenue: $7.5 million in Q3 2024 compared to $12.4 million in Q2 2024 and $10.4 million in Q3 2023. YTD revenue at $36.7 million vs $34.4 million for the same period in 2023. Mining Margin: Declined to 8% in Q3 2024 from 41% in Q2 2024 and 58% in Q3 2023 due to lower BTC prices and h…
CAN · Q3 FY2024 Earnings Call
…profitability, Canaan reported strong performance. Total Revenue: $73.6 million – an increase of 121% year-over-year and exceeding the company's guidance of $73 million. Highest quarterly revenue in past five quarters. Computing Power Sales: 7.3 million terahash/s – up 93.8% year-over-year and 16.4% quarter-over-quarter, reaching record qua…
BTDR · Q3 FY2024 Earnings Call
Bitdeer Q3 2024 Earnings Summary Revenue: $62 million, down from $87.3 million in Q3 2023. Decline driven by lower hosting and cloud mining revenue due to contract roll-offs from cloud hash rate customers and transition from hosting to self-mining. Self-Mining Revenue: $31.5 million, up 4.7% from Q3 2023, supported by increased averag…
LMFA · Q3 FY2024 Earnings Call
…a family emergency. Financial Highlights Total Revenue: $1.3 million, compared to $3.4 million in Q3 2023 (down $2.1 million) Bitcoins Mined: 18.5 BTC in Q3 2024 Average BTC Selling Price: $61,000 BTC Holdings (as of Nov 11, 2024): 142.3 BTC valued at approx. $12.4 million (based on $87,000/BTC) Operating Expenses: $5.6…
DGXX · Q3 FY2024 Earnings Call
…Digihost Technology Inc. — Q3 2024 Earnings Summary Revenue: $31.4 million for the nine months ended September 30, 2024, representing a 104% increase year-over-year, up from $15.4 million in the same period 2023. Adjusted EBITDA: $3 million YTD; total EBITDA at $5.5 million for the same period, a 3.5x increase compared to 2023. Cash…
GRYP · Q3 FY2024 Earnings Call
…Bitcoin Mined: 61 BTC vs 176 BTC (↓65%). Mining Revenue: $3.7M vs $5.2M (↓29%). Breakeven Cost per BTC: $59,213 vs $21,501 (↑175%), primarily due to the 2024 halving event and increasing global hashrate. Adjusted EBITDA: $(2.5)M vs $(4.7)M (↑47% improvement). Net Loss: $(5.9)M vs $(8.1)M (↑27% improvement).…
SDIG · Q3 FY2024 Earnings Call
…September 12: 10,000 Bitmain T21 miners at Panther Creek. Revenue sharing model: 50% of mining profits paid to Stronghold. October 29: Additional 10,000 miners to be hosted at Scrubgrass. Same economic terms. Deliveries expected late December or January. Leadership Changes: CFO Matt Smith to step down effective November 15…
HUT · Q3 FY2024 Earnings Call
Hut 8 - Q3 2024 Earnings Call Summary Revenue: Grew 102% year-over-year to $43.7 million compared to $21.6 million in Q3 2023. Net Income: Posted net income of $0.9 million, a significant turnaround from a loss of $4.4 million in Q3 2023. Adjusted EBITDA: Decreased to $5.6 million from $11.5 million in Q3 2023, reflecting volatili…
HIVE · Q2 FY2025 Earnings Call
…Ended September 30, 2024) Quarter Highlights Total Revenue: $22.6M. Relatively flat YoY (Q2 FY2024: $22.8M), but decreased QoQ (Q1 FY2025: $32.2M). Bitcoin Mining Revenue: $20.8M (main business unit). HPC (AI Compute) Revenue: $1.9M — annualized at ~$9M, with resurgence in October bringing it closer to $10M annualized. Gross…
KEEL · Q3 FY2024 Earnings Call
…with 20 MW scaling potential, another triple-digit MW capacity. Revenue from these is expected to exceed $100/MWh. Leadership Overhaul: Key hires include Liam Wilson (COO), Alex Brammer (SVP Mining), Benoit Gobeil (Chief Infrastructure Officer), and Rachel Silverstein (General Counsel). Board Enhancements: CEO Ben Gagnon added to the board;…
ABTC · Q3 FY2024 Earnings Call
…due to 2024 halving and global hashrate increase). Mining revenue: $3.7M vs. $5.2M (down 29%). Breakeven cost per BTC: $59,213 vs. $21,501 (up sharply due to halving and higher network difficulty). Adjusted EBITDA: -$2.5M vs. -$4.7M (improvement of ~$2.2M). Net loss: $5.9M vs. $8.1M (reduction in loss). Net non-cash expenses: $3…
WULF · Q3 FY2024 Earnings Call
…Bitcoin mined: 555 BTC (down 21% vs 699 BTC in Q2). GAAP Revenue: $27.1M (down 24% from $35.6M). Value per Bitcoin mined (non-GAAP): $61,075/Bitcoin. GAAP Net Loss: $23.0M (vs $11.2M in Q2). Adjusted EBITDA: $6.0M (down from $19.5M). Power cost per Bitcoin: $30,448 (vs $22,954 in Q2). Average power rate: $0.038/kWh (up from…
MARA · Q3 FY2024 Earnings Call
…Earnings Call Summary Financial & Operational Highlights Revenue: Q3 2024 revenue increased by 35% year-over-year (YoY) compared to Q3 2023, despite the Bitcoin halving event and rising global hash rate. Energized Hash Rate: Grew 93% YoY to 36.9 EH/s in Q3. The energized fleet surpassed 40 EH/s after the close of Q3, moving toward a t…
CORZ · Q3 FY2024 Earnings Call
…Financial Highlights (Q3 FY 2024 vs. Q3 FY 2023) Total Revenue: $95.4 million (down slightly YoY) Self-Mining Revenue: $68.1 million (↓ 18% YoY) Hosted Mining Revenue: $16.9 million HPC Hosting Revenue: $10.3 million (new business segment) Gross Margin: Self-Mining: -9% Digital Asset Hosting: 29%…
CANG · Q3 FY2024 Earnings Call
Cango Inc. Q3 2024 Earnings Summary Total Revenue: RMB27.0 million, a significant decline from RMB353.6 million in Q3 2023. Operating Profit: RMB35.24 million, a turnaround from a loss of RMB87.8 million in Q3 2023. Net Profit: RMB67.88 million, versus a loss in the same period last year. Non-GAAP Adjusted Net Income: RMB71.3…
CIFR · Q3 FY2024 Earnings Call
…optionality in HPC or mining usage. Financial Highlights Revenue: $24M for Q3 2024 — down 35% sequentially from $37M in Q2; down 20% YoY — impacted by post-halving effects, decline in Bitcoin price, and increase in network hash rate. Bitcoin Produced: 396 BTC in Q3 (compared to 563 BTC in Q2). Net Loss: GAAP net loss of $87M in…
RIOT · Q3 FY2024 Earnings Call
Riot Platforms Q3 2024 Earnings Call Summary Revenue: $84.8 million for Q3 2024, a 65% YoY increase from $51.9 million in Q3 2023, driven by higher Bitcoin prices. Bitcoin Mining Revenue: $67.5 million in Q3 2024, a 116% YoY increase from $31.2 million in Q3 2023. Bitcoin Mined: 1,104 BTC in Q3 2024, almost flat compared to 1,106…
NB2.DE · Q3 FY2024 Earnings Call
Q3 2024 Earnings Summary – Northern Data Group Revenue: EUR 59 million, up 235% YoY and up from EUR 12 million in Q2 to EUR 48 million in Q3 for the Cloud segment. Year-to-Date Revenue: EUR 115 million, up 109% YoY, driven by 530% YoY growth in Cloud Compute and 7% growth in Mining. Adjusted EBITDA: EUR 25 million for Q3 (42% marg…
APLD · Q1 FY2025 Earnings Call
…Earnings Summary Quarter Ending: August 31, 2024 Revenue: $60.7 million — up 67% compared to the same quarter last year Adjusted EBITDA: Increased significantly to $20 million Adjusted Net Loss: $21.6 million or $0.15 per basic/diluted share Cash Position: $86.6 million in cash, cash equivalents, and restricted cash Total…
CANG · Q2 FY2024 Earnings Call
…Financial Performance (Q2 2024 vs. Q2 2023) Total revenue: RMB45.1 million (down from RMB675.4 million) Cost of revenue: RMB26.5 million (down from RMB615.8 million), improving gross margin Sales & marketing expenses: RMB4 million (down from RMB12.2 million) G&A expenses: RMB39.2 million (up from RMB36.8 million) R&D expen…
IREN · Q4 FY2024 Earnings Call
…3.1¢/kWh (~$23,000/BTC mined). AI Cloud Services Update: Revenue of $3.1M from February 2024 launch to 30 June 2024. 816 Nvidia H100 GPUs in operation. Preparing GPU pilot at Childress in H2 2024 (small-scale with ~16 H100 GPUs, ~$1M spend). Seeking sustainable growth with contract pre-payment and credit-worthiness controls. Revenue & Finan…
APLD · Q4 FY2024 Earnings Call
…Applied Digital Fiscal Q4 2024 Earnings Call Summary Total Revenue: $43.7 million, up 99% from $22 million in Q4 FY2023, driven by increased hosting capacity and cloud services growth. Segment Revenue Breakdown: Data Center Hosting: $26.9 million Cloud Services (AI HPC): $16.8 million Adjusted EBITD…
ARBK · Q2 FY2024 Earnings Call
Argo Blockchain Q2 2024 Earnings Summary Revenue: $12.4 million, a 26% decline from Q1 2024 ($16.8 million); roughly flat compared to Q2 2023 ($12.6 million). Bitcoin Mined: 188 BTC (approx. 2 BTC/day), down 41% from Q1 due to April 2024 halving event. Mining Profit: $5 million, down from $6.4 million in Q1 2024. Mining Margin…
DMGI.V · Q3 FY2024 Earnings Call
…Tier 3 requirements Financial Results (Q3 2024) Revenue: $8.3M (↓17% QoQ, ↑11% YoY) Self-Mining Revenue: ↓11% QoQ due to lower BTC production, despite a 25% increase in BTC price Operating & Maintenance Costs: $4.7M (↓11% QoQ) EBITDA (Excl. D&A and SBC): $1.5M or 19% margin (↓from $2.4M or 24% prior quarter) Cash Flow f…
SDIG · Q2 FY2024 Earnings Call
…Stronghold Digital Mining Q2 2024 Earnings Call Summary Revenue: $19.1 million in Q2 2024, including $18.8 million from Bitcoin mining operations (299 BTC mined) and $0.3 million from energy operations. GAAP Net Loss: $21.3 million for Q2 2024, showing a continued challenging environment. Adjusted EBITDA: -$0.3 million (non-GAAP), re…
GRYP · Q2 FY2024 Earnings Call
…Prior Periods) Bitcoin Mined: 84 BTC in Q2 2024. Revenue: $5.5M in Q2 2024, up from $4.9M in Q2 2023. Breakeven Cost per Bitcoin: $45,452 in Q2 2024 vs. $34,063 in Q1 2024—affected by reduced block reward post-halving and increasing network difficulty. Net Loss: $4M in Q2 2024 vs. $2.6M in Q2 2023. Adjusted EBITDA: Negative $…
CAN · Q2 FY2024 Earnings Call
Canaan Inc. Q2 2024 Earnings Call Summary Total Revenue: $72 million — up 105% quarter-over-quarter (from $35.1 million in Q1 2024) and exceeding guidance by $2 million. Mining Machine Sales Revenue: $57 million — driven by large-scale A14 series deliveries, up 146% QoQ (from $23.2 million). Total Computing Power Sold: 6.2 million…
LMFA · Q2 FY2024 Earnings Call
…Financial Highlights (Quarter Ended June 30, 2024) Revenue: $3.0 million, down $184,000 year-over-year from Q2 2023 ($3.18 million). Digital Mining Revenue: $2.9 million, flat versus $3.0 million in Q2 2023. Affected by April 2024 Bitcoin halving and miner repositioning, partially offset by higher Bitcoin prices. Bitcoin Mined: 44.…
HIVE · Q1 FY2025 Earnings Call
…Digital Technologies – Q1 Fiscal 2025 Earnings Summary Revenue: $30.2 million, up 28% YoY from $23.6 million in Q1 FY2024, but down from $36.9 million in Q4 FY2024, due to the April Bitcoin halving. Adjusted EBITDA: $14.9 million, compared to $16.2 million in Q4 FY2024. On an annualized basis, this implies ~$59.6 million adjusted EBITDA.…
HUT · Q2 FY2024 Earnings Call
Hut 8 Q2 2024 Earnings Summary Revenue: $35.2 million in Q2 2024, up 72% from $20.5 million in Q2 2023. Increase driven by growth in managed services and other revenue streams, despite a decline in mining revenue. Net Loss: $71.9 million (Q2 2024) compared to $1.7 million (Q2 2023), largely due to a $71.8 million digital asset loss fr…
CIFR · Q2 FY2024 Earnings Call
…produce one BTC averaged $15,004. Financial Overview Revenue: $37M in Q2 2024 (down from $48M in Q1 2024 due to the halving and >50% drop in hash price), but up 18% YoY due to higher BTC prices. GAAP Net Loss: $15M in Q2 vs. $13M in Q1 2024. Adjusted Net Loss for Q2 was $3M vs. Adjusted Net Income of $63M in Q1. Cost Management…
WULF · Q2 FY2024 Earnings Call
…1,051 BTC in Q1 2024 (due to post-halving conditions). GAAP Revenue: $35.6M, down 16% from $42.4M. Adjusted EBITDA: $19.5M, down from $32M. Gross Profit Margin: 61% in Q2 2024. SG&A Expenses: $11.9M vs $14.9M; excluding stock-based compensation ($4.8M), SG&A was $7.1M, down 11% QoQ. Debt-Free: Fully repaid $75.8M debt in July 20…
KEEL · Q2 FY2024 Earnings Call
…Bitcoin mining but will integrate complementary high-margin revenue streams such as AI cloud and energy trading. Infrastructure & Fleet Upgrade: 70% increase in hashrate QoQ. Delays in achieving 12 EH/s due to hardware issues now resolved. Efficiency improved to 25 w/TH, on track for 21 w/TH by year-end. 48% of 88,000 2024 miner orders deployed…
CORZ · Q2 FY2024 Earnings Call
Core Scientific Q2 FY2024 Earnings Call Summary Revenue: Total revenue for Q2 FY2024 reached $141 million, up from $123.4 million in Q2 FY2023. Key segments include: Digital asset self-mining: $110.5 million (up 14% YOY) Digital asset hosting: $25 million HPC hosting: $5.5 million (first time reported, new d…
NB2.DE · Q2 FY2024 Earnings Call
…Kincaid-Smith CFO: Elliot Jordan Key Highlights Revenue: EUR 26 million in Q2 2024, up 22% year-over-year (YoY), but slightly down from Q1 due to Bitcoin halving impacts. H1 2024 revenue totaled EUR 55 million, up 49% YoY. Cloud Revenue: Jumped from EUR 7 million in Q1 to EUR 12 million in Q2 (up 71% quarter-over-quarter), cont…
MARA · Q2 FY2024 Earnings Call
MARA Q2 2024 Earnings Summary Revenue: $145 million, up 78% YoY from $82 million in Q2 2023; primarily driven by a 136% increase in the average price of Bitcoin mined. Net Loss: $200 million ($0.72/share), compared to a $9 million loss ($0.07/share) in Q2 2023 due to a $148 million fair market value loss on digital assets. Adjuste…
RIOT · Q2 FY2024 Earnings Call
…100% of mined BTC. Financial Performance Total Revenue: $70M, down 9% YoY from $76.7M, driven by lower engineering segment revenue. Bitcoin Mining Revenue: $55.8M, up 12% YoY ($49.7M in Q2 2023). GAAP Net Loss: $84.4M ($0.32/share) vs $27.4M ($0.16/share) in Q2 2023. Adjusted EBITDA: $(75.2)M vs $24.3M in Q2 2023. Hit by $7…
CANG · Q1 FY2024 Earnings Call
…efficiency. Focused on maintaining profitability despite reduced revenue. Continued to enhance Cango U-Car platform, expanding to 8,459 dealers across 251 cities. Launched “hassle-free purchase” service in April 2024, streamlining transactions for buyers and sellers. Debuted a unique cross-border used car information platform to con…
DMGI.V · Q2 FY2024 Earnings Call
…| Call Date: May 23, 2024 Key Financial Highlights Revenue: $10 million, up 3% QoQ (from $9.7 million) and up 31% YoY (from $7.6 million). Bitcoin Mined: 153 BTC, down 22% QoQ due to reduced network issuance post-halvening. Cash + Bitcoin Holdings: $43.6 million, up 57% QoQ and 101% YoY. Fleet Hashrate: 0.96 EH/s (flat QoQ); p…
ARBK · Q1 FY2024 Earnings Call
…Q1 2024 Earnings Call Summary Financial Highlights Revenue: $17 million, an increase of 4% from Q4 2023 ($16.2 million), driven by elevated hash price in early Q1. Bitcoin Mined: 319 BTC in Q1 2024. Mining Margin: 38%, up from 34% in Q4 2023. Improved due to economic curtailment and cost optimization. Cash Position: $12.4 mill…
GRYP · Q1 FY2024 Earnings Call
…Performance: Bitcoin Mined: 142 BTC in Q1 2024 Revenue: $7.5 million—up from $4.8 million in Q1 2023 (+56%) Adjusted EBITDA: $1.9 million—down from $4.2 million in Q1 2023 Net Loss: $11.7 million vs. $6.9 million in Q1 2023 Net Loss Per Share: $0.36 vs. $0.28 in Q1 2023 Breakeven Cost per BTC:…
KEEL · Q1 FY2024 Earnings Call
…appointed within weeks. Financial Highlights: Q1 revenue: $50 million — up 9% quarter-over-quarter (QoQ), and 67% year-over-year (YoY). Adjusted EBITDA: $21 million — up 50% QoQ. Net loss: $6 million or $0.02 per share, significantly improved from Q4 2023 net loss of $57.2 million ($0.19 per share). Gross…
CAN · Q1 FY2024 Earnings Call
Canaan Inc. Q1 2024 Earnings Call Summary Total Revenue: $35 million for Q1 2024, exceeding guidance by $2 million (6%). Compared to Q4 2023, revenue decreased from higher previous quarters, reflecting general market hesitation prior to Bitcoin halving. Mining Machine Sales: Generated $23 million. Delivered 3.4 million Thash/s—down 20…
LMFA · Q1 FY2024 Earnings Call
…Financial Highlights (Quarter Ended March 31, 2024) Revenue: Up 105% YoY compared to Q1 2023. Net Income: $1.9 million, a turnaround from a net loss of $7.2 million in Q1 2023. Core EBITDA: Positive $4.4 million vs. a loss of $300,000 in Q1 2023. Mining Output: 86.4 Bitcoins mined, valued at approximately $4.6 million (based on…
IREN · Q3 FY2024 Earnings Call
…from $13.9M QoQ. Positive net income of $8.6M. Strong revenue generation from Bitcoin mining ($53.4M for the quarter), 1,003 BTC mined at average price of $53.2k. AI Cloud Services Update First AI cloud service revenues recognized this quarter; revenue accelerated with onboarding of customer Poolside in F…
HUT · Q1 FY2024 Earnings Call
Hut 8 Q1 2024 Earnings Call Summary Revenue: $51.7 million, up 231% from $15.6 million in Q1 2023 (U.S. Bitcoin Corp standalone). Net Income: $250.9 million, compared to $17.3 million in Q1 2023; primarily driven by $274.6 million gain resulting from FASB fair value revaluation of bitcoin holdings. Adjusted EBITDA: $297 million, u…
WULF · Q1 FY2024 Earnings Call
TeraWulf Q1 2024 Earnings Call Summary Revenue Growth: Q1 2024 GAAP revenue reached $42.4 million, an 82% increase from $23.3 million in Q4 2023. Bitcoin Production: Self-mined 1,051 BTC in Q1 2024, up 10% from 959 BTC in Q4 2023. Includes 767 BTC from Lake Mariner and 284 BTC net from Nautilus. Adjusted EBITDA: $32 million in Q1…
CLSK · Q1 FY2024 Earnings Call
…Summary Period Covered: January 1 – March 31, 2024 Revenue: $111.8 million (Up 52% QoQ, Up 163% YoY) Adjusted EBITDA: $181.8 million (Up 163% QoQ, 12x YoY) Net Income: $126.7 million or $0.59 EPS (Q2 FY2023: -$18.5 million or -$0.23 EPS; Q1 FY2024: $26 million or $0.14 EPS) Bitcoin Production: Strong output despite increased…
MARA · Q1 FY2024 Earnings Call
…$337M ($1.26/share) ⬆️ 184% vs. $119M ($0.72/share) Revenue: $165M ⬆️ 223% vs. $51M Bitcoin Production: 30.9 BTC/day ⬆️ 27% vs. 24.4 BTC/day Adjusted EBITDA: $529M ⬆️ 266% vs. $145M Non-GAAP Cost per Petahash: $45.2, improved 16% from $53.7 Digital Assets Gain: $489M recognized due to increase in Bitcoin fair…
CLSK · Q2 FY2024 Earnings Call
…FY2024 Earnings Summary (Quarter Ended March 31, 2024) Revenue: $111.8 million, up 52% from Q1 FY2024 ($73.7M) and 163% year-over-year (Q2 FY2023). Net Income: $126.7 million or $0.59 per share, compared with a net loss of $18.5 million or $0.23 per share in Q2 FY2023 and $26 million net income in Q1 FY2024. Adjusted EBITDA: $181.8 m…
CORZ · Q1 FY2024 Earnings Call
…Denise Sterling Q1 2024 Financial Highlights Total Revenue: $179 million, up 49% YoY (Q1 2023: $120.2 million) Self-Mining Revenue: $150 million (previous year: $98 million; +53%) Hosting Revenue: $29.3 million (previous year: $22.6 million; +30%) Net Income: $210.7 million, up from a $388K loss YoY Adjusted EBITDA: $88…
CIFR · Q1 FY2024 Earnings Call
…Summary Record Financial Performance: Revenue rose to $48.1M in Q1 2024, up 11% from $43M in Q4 2023 and 120% from $21.9M in Q1 2023. GAAP Net Income was $39.9M, up 277% sequentially from $11M and up from a $4.6M net loss in Q1 2023. Adjusted Net Income reached $63M, more than doubling from $27.8M in Q4…
SDIG · Q1 FY2024 Earnings Call
…Earnings Call Summary Quarter Ending: March 31, 2024 Revenue: $27.5 million, comprised of $26.7 million from Bitcoin mining (546 BTC mined), $0.7 million from energy operations, and $0.1 million from other sources. GAAP Net Income: $5.8 million Adjusted EBITDA: $8.7 million, beating previous Q1 2024 guidance of "over $5 million"…
RIOT · Q1 FY2024 Earnings Call
…Riot Platforms Q1 2024 Earnings Call Summary Total Revenue: $79.3 million, up 8% from $73.2 million in Q1 2023. This growth was driven by a 131% increase in average Bitcoin prices ($52,343 in Q1 2024 vs. $22,706 in Q1 2023), despite a 36% decline in production (1,364 BTC mined vs. 2,115 BTC in Q1 2023) due to increased global network diffi…
ARBK · Q4 FY2023 Earnings Call
…from 2022 due to a 71% YoY increase in network difficulty. Revenue: $50.6 million in 2023, down 14% from $59 million in 2022, mainly due to lower BTC production. Mining Margin: 43% for 2023, down from 54% in 2022, attributed to increased network competition. Cost Management: Direct cost per BTC mined in 2023 was $16,363. All-in average…
APLD · Q3 FY2024 Earnings Call
…Applied Digital Fiscal Q3 2024 Earnings Call Summary Revenue: $43.3 million for Q3 FY2024, up significantly from $14.1 million in Q3 FY2023, driven by increased data center capacity and cloud services revenue. Segment Breakdown: Data Center Hosting: $37.7 million in revenue Cloud Services: $5.6 million in revenu…
GRYP · Q4 FY2023 Earnings Call
…in 2023 vs. Net Income of $3.5 million in 2022. Adjusted EBITDA: $4.8 million in 2023 vs. $7.4 million in 2022. Net Loss per Share: $1.15 in 2023 vs. Net Income per Share of $0.14 (basic) and $0.10 (diluted) in 2022. Fleet Efficiency: Improved from 29.3 to 28.9 joules per terahash by end of 2023. Cash & Equivalents: $915,000 (2023)…
LMFA · Q4 FY2023 Earnings Call
…Quarter: Q4 and Fiscal Year Ended December 31, 2023 Revenue: Q4 2023: $4.1 million (Up 262% from $1.1 million in Q4 2022) Full Year 2023: $13 million (Up 665% from $1.7 million in 2022) Driven primarily by growth in Bitcoin mining revenue ($12.3 million in FY 2023 vs. $0.9 million in FY 2022) C…
HUT · Q4 FY2023 Earnings Call
…though the merged entity retains the Hut 8 name and ticker. Revenue: $60.6 million, up 32% from $46 million in the prior-year period. Q4 revenue alone was $38.9 million, up 212% YoY. Revenue Breakdown: Self mining: $41.5 million (vs. $25.7M YoY) Managed services: $12.6 million (vs. $2.6M YoY) High performance…
WULF · Q4 FY2023 Earnings Call
…or AI workloads Financial Highlights Revenue: Q4 2023: $23.3M (↑23% from $19M in Q3) FY 2023: $69M (↑361% from $15M in FY 2022) Gross Profit: Q4 2023: $14.3M (↑34% from $10.6M in Q3) FY 2023: $41.9M (↑948% from $4M in FY 2022) Adjusted EBITDA:…
CORZ · Q4 FY2023 Earnings Call
Core Scientific FY 2023 Earnings Call Summary Revenue: $502 million in FY 2023, a 22% decrease from $640.3 million in FY 2022 due to hosting customer rationalization and exiting equipment sales. Adjusted EBITDA: $170 million positive in 2023 versus negative $10.7 million in 2022. Net loss: $246.5 million in 2023 vs. $2.1 billion i…
CANG · Q4 FY2023 Earnings Call
…Cango Inc. Q4 and Fiscal Year 2023 Earnings Summary Total Revenue: RMB130.2 million in Q4 2023, a 73% decrease from RMB487.1 million in Q4 2022. Full year 2023 revenue was RMB1.7 billion. Net Loss: RMB103.8 million in Q4 2023; non-GAAP adjusted net loss was RMB99.2 million. Full year net loss was RMB37.9 million; non-GAAP adjusted net in…
KEEL · Q4 FY2023 Earnings Call
Bitfarms Q4 & FY 2023 Earnings Call Summary Total Revenue: $46 million in Q4 2023, up 34% from Q3 2023 and 71% YoY. Bitcoin Mined: 1,236 BTC in Q4 2023, up from 1,172 BTC in Q3. Gross Mining Profit: $23 million or 52% of revenue in Q4 vs. $13 million or 38% in Q3. Operating Loss: $13 million in Q4, reduced from $19 million in…
SDIG · Q4 FY2023 Earnings Call
…S21, highlighting a capital-efficient growth opportunity. Revenue & Profitability (Q4 2023): Revenue: $21.7 million (vs $17.3 million in Q4 2022) Bitcoin Mining Revenue: $20.5 million from 599 BTC mined Energy Operations Revenue: $1.2 million Adjusted EBITDA: $2.3 million (vs $2.1 million in Q4 2022)…
CIFR · Q4 FY2023 Earnings Call
…Bitcoin Production: Mined 1,327 BTC in Q4 2023, up 252% YoY. Revenue: Q4 2023 revenue was $43.4M, a 43% increase from Q3 2023’s $30.3M and a substantial rise YoY. Net Income: Produced GAAP net income of $10.6M in Q4 2023, up from a loss in Q4 2022. Adjusted net income rose to $27.8M from $2.3M in Q3 2023. Full-Year 2023: Revenue of $126…
MARA · Q4 FY2023 Earnings Call
…Slipstream: New transaction submission tool aimed at increasing fee revenue and promoting decentralized Bitcoin use. Anduro: Open-source Layer-2 protocol for Bitcoin applications – incubated by Marathon but community-driven. Landfill methane-to-mining pilot project in Utah showing promise—mining as a way to reduce emissions economic…
CAN · Q4 FY2023 Earnings Call
…Inc. Q4 and Full Year 2023 Earnings Summary Total Q4 Revenue: $49.1 million (up 47% QoQ from $33.3 million in Q3 2023; beat Q4 guidance of $34 million by 44%) Revenue Breakdown: Machine Sales: $44 million (up from $29.5 million in Q3 2023) Mining Revenue: $3.7 million (up 14% QoQ vs. $3.3 million in Q3 2023)…
IREN · Q2 FY2024 Earnings Call
…progress on track. Daniel Roberts: ASICs deliver immediate revenue; GPUs require onboarding but early deployment shows minimal delay. Ongoing flexibility allows for strategic use of infrastructure, maximizing yield based on market conditions.
HIVE · Q3 FY2024 Earnings Call
…Earnings Call Summary (Quarter Ended December 31, 2023) Revenue: $31.3 million, up 119% YoY (vs. $14.3 million in Q3 FY2023), and up 37% QoQ (vs. $22.8 million in Q2 FY2024). Adjusted EBITDA: $17.3 million, a strong turnaround from -$1.5 million in prior quarter. Gross Operating Margin: $11.3 million (36% margin), up from $3.6 millio…
APLD · Q2 FY2024 Earnings Call
Applied Digital Fiscal Q2 2024 Earnings Summary Revenue: $42.2 million, up significantly vs. $12.3 million in Q2 FY2023, driven by growth in data center and cloud services operations. Net Loss: $10.5 million ($0.10/share), improved from a loss of $26.8 million ($0.28/share) in Q2 FY2023. Adjusted Net Loss: $5.2 million ($0.05/shar…
CLSK · Q4 FY2023 Earnings Call
…Period Covered: October 1, 2022 – September 30, 2023 Revenue: $168.4 million, up 28% from $131.4 million in FY 2022 Bitcoin Mined: 6,902, an increase of 84% from 3,750 in FY 2022 Gross Margin: Averaged 42% Net Loss: $137 million, impacted by noncash charges including $32.7 million accelerated depreciation Adjusted EBITDA: Dec…
CANG · Q3 FY2023 Earnings Call
Cango Inc. Q3 2023 Earnings Call Summary Total Revenue: RMB 353.6 million, representing a 15.1% decline year-over-year (compared to Q3 2022). Net Loss: RMB 49.1 million, improving from a net loss of RMB 130 million in Q3 2022. The improved result was aided by reduced financial provision and enhanced operating efficiency. Car Tradi…
CAN · Q3 FY2023 Earnings Call
Canaan Inc. Q3 2023 Earnings Call Summary Total Revenue: $33.3 million, down 54.9% QoQ ($73.9 million in Q2 2023) and down 77.1% YoY ($145.5 million in Q3 2022); exceeded guidance of $30 million. Revenue Composition: $29.8 million from machine sales and $3.3 million from mining operations. Gross Loss: $69.1 million in Q3 2023 vers…
LMFA · Q3 FY2023 Earnings Call
…Financial Highlights (Quarter Ended September 30, 2023) Total Revenue: $3.4 million, up from $0.2 million in Q3 2022 (year-over-year increase of approx. $3.2 million). Sequential Revenue Growth: +7% compared to Q2 2023. Digital Mining Revenue: $3.3 million from mining 117.1 Bitcoins vs. 2.2 Bitcoins mined in Q3 2022. Operating Ex…
ARBK · Q3 FY2023 Earnings Call
…Summary Bitcoin Mined: 370 BTC in Q3 2023. Total Revenue: $10.4 million, a decrease of 17% compared to Q2 2023 ($12.5 million). Reason for Revenue Decline: Economic curtailment at the Helios site during peak power price periods in August and September. Offsetting Power Credits: $4.4 million earned via power trading activities dur…
HIVE · Q2 FY2024 Earnings Call
…Earnings Call Summary (Quarter Ended September 30, 2023) Revenue: $22.8 million, down from $29.6 million in Q2 FY2023, and slightly down from $23.6 million in Q1 FY2024. Driven by rising Bitcoin network difficulty and the Ethereum merge in September 2022. Adjusted EBITDA: -$1.5 million in Q2 FY2024, down from a positive $5.3 million in Q…
SDIG · Q3 FY2023 Earnings Call
…prices range from $130–$190/ton, implying $13M–$19M in annual revenue even without tax credits. IRS 45Q Qualification: Expected by 2025–2026, with a 3-year lookback clause allowing retroactive tax benefits if certification is delayed. Power Generation Synergies: Carbon capture complements Bitcoin mining and power generation, further monetiz…
HUT · Q3 FY2023 Earnings Call
…Earnings Call Summary Key Financial Highlights Total Revenue: $17 million, down from $31.7 million in Q3 2022, primarily due to decreased Bitcoin production. Digital Asset Mining Revenue: $12.5 million versus $27.3 million in Q3 2022. Bitcoin Mined: 330 BTC, significantly down from 982 BTC in Q3 2022 due to network difficulty, ope…
WULF · Q3 FY2023 Earnings Call
…joint venture. Financial Performance: GAAP Revenue: $19 million in Q3 2023, up 23% from $15.5 million in Q2 2023. Gross Profit: $10.6 million, a 3% increase from $10.3 million in Q2. Adjusted EBITDA: $9 million, up 18.5% from $7.6 million in Q2. Net Loss: $19.4 million in Q3 vs. $17.8 million in Q2 due in…
MARA · Q3 FY2023 Earnings Call
…Summary Financial Highlights (Compared to Prior Periods) Revenue: Record $97.8 million, up from $12.7 million in Q3 2022 and higher sequentially. Net Income: $64.1 million ($0.35 per diluted share) vs. a net loss of $72.5 million ($0.62 per share) in Q3 2022; improved by $85.4 million from Q2 2023. Adjusted EBITDA: $43.7 million c…
CIFR · Q3 FY2023 Earnings Call
…once deployed. Financial Performance: Q3 revenue: $30.3M vs. $83.4M YTD. GAAP net loss: $17.7M or $0.07/share (vs. net income of $59.3M in Q3 2022). Non-GAAP net income: $5.9M or $0.02/share (vs. loss of $16.3M in Q3 2022). Power sales: $2.7M in Q3. Odessa power agreement derivative gain: $4.7M, in…
KEEL · Q3 FY2023 Earnings Call
Bitfarms Q3 2023 Earnings Call Summary Revenue: Q3 2023 revenue remained flat at $35M vs Q2 2023, with Bitcoin mining revenue at $33M and $2M from subsidiary Volta. Bitcoin Production: 1,172 BTC mined in Q3, down from 1,223 BTC in Q2, and 1,515 BTC in Q3 2022 due to higher network difficulty. Hashrate Growth: Increased to 6.1 EH/s…
APLD · Q1 FY2024 Earnings Call
…Applied Digital Fiscal Q1 2024 Earnings Highlights Revenue: $36.3 million, up significantly from $6.9 million in fiscal Q1 2023, driven by increased hosting capacity and initial AI cloud revenues. Adjusted EBITDA: $10 million, compared to a $1.9 million loss in the previous year's quarter. Net Loss: $9.6 million ($0.10 per share),…
IREN · Q3 FY2023 Earnings Call
…3,259 BTC (up +133%, from 1,399 in FY '22). Bitcoin Mining Revenue: Increased by $16.5 million YoY. Avg. Price per BTC Mined: $23,200 (vs. $42,200 in FY '22). Power Cost per BTC: $11,000 (vs. $7,900 FY '22). Other Costs: $38.3 million, up from $21.8 million due to new site commissions and professional fees. Net Loss: $71.9 milli…
DMGI.V · Q3 FY2023 Earnings Call
…exahash (Q2: approx. 0.89 exahash), a 10% decrease. Bitcoin Revenue: Slightly decreased to $7.5M (Q2: $7.6M, -2%). Self-Mining Revenue: $7.5M, a 4% sequential drop due to lower BTC production offset by a 29% rise in BTC price. Hosting Revenue: $0.3M, declined 23% sequentially. Net Pool Revenue: -$0.3M (Q2: -$0.7M). Negatives from va…
CAN · Q2 FY2023 Earnings Call
…2023 ($55.2M), though down from $245.9M in Q2 2022. Mining Revenue: Record $15.9M, up 43.3% QoQ and 105.1% YoY, driven largely by BRC-20 induced Bitcoin fee spike. Product Sales: $57.8M, up 32.2% QoQ, supported by strong A13 series shipments. Total computing power sold reached 6.1 million TH/s, up 44.2% QoQ. Average Selling Price (ASP):…
CANG · Q2 FY2023 Earnings Call
…Inc. Q2 2023 Earnings Call Summary Overview Total Revenue: CNY 675.4 million, up 133.6% YoY. Car Trading Transaction Revenue: CNY 562.8 million (+157% YoY), 83.3% of total revenue. Net Income: CNY 36.2 million (compared to significant loss in Q2 2022). Non-GAAP Adjusted Net Income: CNY 48.2 million. Cash & Cash Equivalents…
LMFA · Q2 FY2023 Earnings Call
…Funding America, Inc. – Q2 2023 Earnings Call Summary Revenue: $3.2 million in Q2 2023, a significant increase from $235,000 in Q2 2022 and up over 38% sequentially from Q1 2023, primarily driven by Bitcoin mining operations. Bitcoin Mining: Mined 106.6 Bitcoin in Q2 2023, up 16% from 91.6 Bitcoin in Q1 2023. In c…
WULF · Q2 FY2023 Earnings Call
…506; Nautilus share: 403), up 70.5% from Q1 total (533). Revenue: $15.55 million in Q2 2023 — up over 1,000% vs. Q2 2022. Gross Profit: $10.3 million in Q2 2023 — up 1,200% vs. Q2 2022. Power Cost per BTC: $7,200 in Q2, down 15% from $8,400 in Q1, aided by fixed-cost Nautilus energy. Adjusted EBITDA: $7.6 million — increased $14.7 m…
SDIG · Q2 FY2023 Earnings Call
…Stronghold Digital Mining Q2 2023 Earnings Summary Revenue: $18.2 million, compared to $17.3 million in Q1 2023, reflecting modest sequential growth. Bitcoin Mined: 626 BTC during Q2 2023, a 43% increase from Q4 2022 and a 1% increase from Q1 2023, despite a growing Bitcoin network hash rate (+39% YoY and +23% QoQ).…
HIVE · Q1 FY2024 Earnings Call
…Earnings Call Summary (Quarter Ending June 30, 2023) Revenue: $23.6 million, down 47% year-over-year from $44.2 million in Q1 FY2023 due to Ethereum merge and lower average cryptocurrency prices. Adjusted EBITDA: $5.3 million, a significant improvement from negative $1.4 million in the previous quarter (Q4 FY2023). Net Income: Net lo…
CLSK · Q3 FY2023 Earnings Call
…Summary Quarter Period: April 1, 2023 – June 30, 2023 Revenue: $45.5M, up 47% YoY ($14.5M increase) and up 7% QoQ ($3M increase) Gross Profit: $24.8M, up $4.4M QoQ Gross Margin: Increased from 48% to 55% QoQ Adjusted EBITDA: $13.3M, up 160% YoY ($8.2M increase); up 5% QoQ Net Loss (GAAP): $14.2M, reduced compared to previ…
MARA · Q2 FY2023 Earnings Call
…needed. Financial Results (Compared to Q2 2022) Revenue: $81.8M, an increase of 228% from $24.9M. Net Loss: $21.3M, or $0.13/share, improved from $212.6M loss, or $1.94/share. Adjusted EBITDA: $25.6M versus a loss of $167.1M in the prior year. Total Margin (non-GAAP): $26.5M, up 222% YoY. Bitcoin Production: Averaged 32…
KEEL · Q2 FY2023 Earnings Call
…Presentation by: Geoff Morphy (President & CEO), Jeff Lucas (CFO) Revenue: $35 million, up 18% from Q1 2023 ($29 million) Bitcoin Mined: 1,223 BTC (Q1 2023: 1,297 BTC; Q2 2022: 1,257 BTC) Adjusted EBITDA: $8 million, up from $7 million in Q1 2023 Gross Mining Profit: $14 million or 42% of revenue (same margin as Q1) Cost to Prod…
CIFR · Q2 FY2023 Earnings Call
Cipher Mining Q2 2023 Earnings Summary Revenue: $31.2 million for Q2 2023, up from $0 in Q2 2022 due to increased Bitcoin production. Bitcoin Mined: 1,257 BTC in Q2 (1,114 from Odessa, 143 from JVs), an increase from 0 in Q2 2022 as Odessa was not yet operational. Hash Rate: 6.8 EH/s as of Q2 end, targeting 7.2 EH/s by end of Q3 2…
APLD · Q4 FY2023 Earnings Call
…Digital Fiscal Q4 and Full Year 2023 Earnings Summary Revenue Growth: Q4 revenue grew to $22 million, up from $7.5 million in Q4 of fiscal 2022. Full-Year Results: The fiscal year ended May 31, 2023, marked significant business expansion with the energization of multiple facilities. Adjusted Gross Profit: Increased to $7.8 million (3…
CSTR.V · Q2 FY2023 Earnings Call
…including workforce attrition and vendor consolidation. Revenue & Margin Trends: Net interest margin (NIM) declined to 3.06% in Q2 from a peak of 3.50% in Q3 2022. Compressing margins driven by aggressive deposit pricing competition and limited loan demand. Modest margin downside risk expected in near term; however, loan yields (7.8% new origin…
CANG · Q1 FY2023 Earnings Call
…Adjusted Net Income: RMB92.8 million. Car Trading Transaction Revenue: RMB429.8 million (79% of total revenue), highlighting continued strength as the primary revenue driver. Cash & Cash Equivalents: RMB696.6 million as of March 31, 2023, up from RMB378.9 million as of December 31, 2022. Short-term Investments: RMB2 billion as of March…
DMGI.V · Q2 FY2023 Earnings Call
…DMG Blockchain Solutions Q2 2023 Earnings Call Summary Revenue Growth: Revenue increased 6% to $7.6 million in Q2 2023 (March quarter), up from $7.2 million in the prior quarter (Q1 2023). Self-Mining Revenue: Increased by 17% to $7.8 million from $6.7 million due to a 26% increase in average Bitcoin price. However, mine Bitcoin decrease…
CAN · Q1 FY2023 Earnings Call
Canaan Inc. Q1 2023 Earnings Call Summary Revenue: $55.2 million, down 5.3% from $58.3 million in Q4 2022 and down significantly from $201.8 million in Q1 2022. Missed Q1 guidance of $65 million. Net Loss: $84.4 million, an 8% improvement from $91.6 million in Q4 2022 but a sharp decline from net income of $65.1 million in Q1 2022.…
MIGI · Q1 FY2023 Earnings Call
…Key Financial Highlights (Compared to Q1 2022): Total Revenue: $7.7 million (includes mining, hosting, energy markets, and asset sales) Bitcoin Mining Revenue: $2.8 million Co-hosting Revenue: $4.3 million – signifying growth in hosting business Energy Markets Program: $400,000 at 84% gross margin Asset Sales: $1.59 million –…
KEEL · Q1 FY2023 Earnings Call
…in Q4 2022) due to a 13% increase in network difficulty. Revenue and Profitability: Q1 2023 revenue: $30 million, up from $27 million in Q4 2022 (+11%). Gross mining profit: $12 million (42% margin), vs. $8 million (33%) in Q4 2022. Adjusted EBITDA: $6.3 million, significantly up from $1 million in Q4 2022.…
LMFA · Q1 FY2023 Earnings Call
…Inc. – Q1 2023 Earnings Call Summary Key Highlights Revenue Surge: Total revenues reached $2.3 million for Q1 2023, marking a >1100% increase from $200,000 in Q1 2022, driven by bitcoin mining revenues of $2.1 million. Bitcoin Mining Expansion: As of Q1 end, LM Funding operated approximately 5,000 mining machines with a capacity of 52…
CIFR · Q1 FY2023 Earnings Call
…2023 Earnings Call Summary Executive Overview Q1 2023 Revenue: $21.9 million, driven by 1,145 BTC mined (947 from the Odessa facility and 198 from JVs). Bitcoin Production: Cipher mined 1,306 BTC YTD at Odessa and 320 BTC YTD at Alborz. Self-mining Hashrate: 6 EH/s as of Q1 (vs. 0 EH/s in Q1 2022). Forecast to reach 7.2 EH/s by en…
CLSK · Q2 FY2023 Earnings Call
…2023 Earnings Call Summary (Period Ended March 31, 2023) Revenue: $42.5 million, up 14% YoY vs Q2 FY2022 ($37.3 million). Up over 50% quarter-over-quarter (Q1 FY2023: ~$28.3 million). Bitcoin Production: 1,871 BTC mined, more than doubling YoY (Q2 FY2022: ~935 BTC). Up 22% from Q1 FY2023. Adjusted EBITDA: $12.7 million. Down $7 milli…
SDIG · Q1 FY2023 Earnings Call
…Stronghold Digital Mining Q1 2023 Earnings Summary Revenue: $17.3 million for Q1 2023, compared to $23.4 million in Q4 2022 — reflecting industry-wide challenges but stable operations. Bitcoin Production: 618 BTC mined in Q1 2023, showing recovery after major de-leveraging in 2022. Adjusted EBITDA: $(3.9) million, narrowed loss fro…
MARA · Q1 FY2023 Earnings Call
…its stated target of reaching 23 EH/s by mid-year 2023. Revenue: Q1 2023 revenue was $51.1 million, slightly down from $51.7 million in Q1 2022. Despite a 74% YOY increase in bitcoin production, lower average bitcoin prices offset gains. Net Loss: Narrowed to $7.2 million ($0.05/share) from $12.9 million ($0.12/share) in Q1 2022. Adjust…
CSTR.V · Q1 FY2023 Earnings Call
…Non-Interest Income: Flat QoQ, but with $750k in deferred SBA fee revenue expected in Q2/Q3. Total Return to Shareholders: Nearly $10 million returned via dividends and share repurchases. Dividend was increased 10%, marking a 120% increase since early 2021. Balance Sheet & Capital Total Liquidity: $1.6 billion, exceeding uninsured…
APLD · Q3 FY2023 Earnings Call
Applied Digital – Fiscal Q3 2023 Earnings Summary Revenue: $14.1 million, exceeding the steady-state capability of the Jamestown facility ($12 million). This is up from the previous quarter (Q2 FY2023), where revenue was $12.3 million. Adjusted Gross Profit: $4.4 million, or 31% of revenue (non-GAAP). GAAP Net Loss: $7 million or…
WULF · Q4 FY2022 Earnings Call
…Earnings Call Summary Financial Results: Revenue: $15 million for FY2022, derived primarily from Bitcoin mining. Net Loss: $70.5 million, associated mainly with higher power costs and operational ramp-up at Lake Mariner. Total Assets (12/31/22): $318 million. Total Liabilities: $200 million. Net Working…
SDIG · Q4 FY2022 Earnings Call
…Digital Mining Q4 and FY 2022 Earnings Summary Quarterly Revenue: $23 million, up 38% from Q4 2021. Full Year 2022 Revenue: $106 million, an increase of over 200% y/y from $31 million in 2021. Bitcoin Mined: Over 2,000 Bitcoin in 2022; ~450 mined in Q4 alone. Hash Rate Capacity: 2.6 exahash currently, with plans to reach 4 exahas…
MIGI · Q4 FY2022 Earnings Call
…Full-Year 2022 Financial Performance (vs. FY 2021): Revenue: $84.3 million, up 92% Gross Profit: $36.6 million, up 8% Non-GAAP EBITDA: $30.4 million, up 70% Bitcoin Mined (Self-Mining): 1,343 coins, up 66% Hosting Revenue: $13.3 million, up 1,464% Energy Markets Program Revenue: $13.7 million a…
KEEL · Q4 FY2022 Earnings Call
…Earnings Call Summary Financial Highlights Q4 2022 revenue: $27 million, down from $33 million in Q3 2022 (↓18%), driven by a 15% drop in average Bitcoin price and 5% fewer Bitcoin mined. Full-year 2022 revenue: $142 million vs $169 million in 2021 (↓16%). Bitcoins mined in Q4 2022: 1,434 vs 1,515 in Q3 2022. Full-year BTC m…
CIFR · Q4 FY2022 Earnings Call
…and Full Year 2022 CEO: Tyler Page CFO: Ed Farrell Revenue: $3 million for FY22 (entirely from Bitcoin mining). Driven by 180 BTC mined between Nov 22 and Dec 31, 2022 at ~$17,000/BTC. Net Loss (GAAP): $39.1 million or $0.16 loss per share Net Loss (Non-GAAP): $64 million or $0.26 loss per share, adjusting for depreciation, stoc…
CANG · Q4 FY2022 Earnings Call
…Cango Inc. Q4 and FY 2022 Earnings Summary Quarter Revenue: Q4 2022 total revenue of RMB 490 million, up 17% QoQ from Q3 2022. Car Trading Segment: Revenue of RMB 430 million in Q4 2022, up 24.2% QoQ, representing over 88% of total revenue. FY 2022 Revenue: Total revenue of RMB 1.98 billion; RMB 1.6 billion (over 80%) from car trad…
CAN · Q4 FY2022 Earnings Call
…Summary Key Financial Highlights (Q4 2022) Total Revenue: RMB 391.9 million, exceeding guidance of RMB 310 million but down from RMB 978.2 million in Q3 2022 and RMB 2.18 billion in Q4 2021. Mining Revenue: RMB 72.2 million, up 16.3% quarter-over-quarter despite a declining bitcoin price. Gross Loss: RMB 230.9 million, largely d…
HIVE · Q3 FY2023 Earnings Call
…Q3 Fiscal 2023 (Three Months Ended December 31, 2022) Revenue: $14.3 million, down 52% compared to $30 million in Q2 FY2023 and down 79% from $68.8 million in Q3 FY2022. Adjusted EBITDA: $1.5 million, down from $18.8 million in Q2 and significantly down from $69.6 million YoY (Q3 FY2022). Net Loss: $90 million in Q3 FY2023 vs. $37M l…
IREN · Q2 FY2023 Earnings Call
…increasing global hash rate and greater network difficulty. Revenue: Q2 Bitcoin mining revenue was $13.8 million (down from $16.2 million in Q1). Operating Costs: Increased from $14.6 million in Q1 to $16.7 million in Q2, primarily due to higher electricity and operational costs from newly commissioned sites. Electricity Cos…
CLSK · Q1 FY2023 Earnings Call
…16 EH/s by year-end 2023. Financial Highlights Revenue: Approximately $10 million decline YoY due to bitcoin price drop (from $46k in Dec 2021 to ~$16k in Dec 2022). Gross Profit: $7.4 million, a decrease from over $31 million YoY, and a decrease compared to Q4 FY2022 as well. Net Loss (GAAP): $29 million in Q1 FY2023, compared…
CSTR.V · Q4 FY2022 Earnings Call
…stabilizes. Non-Interest Income & SBA Growth Mortgage Revenue: Severely constrained due to low volumes, though margins have improved. Q4 fees were approximately $600K with $1.5M in operating expenses. Future reductions may be considered depending on volume trends around March/April. TriNet: Remains paused due to rate environment, a…
APLD · Q2 FY2023 Earnings Call
…Applied Digital Fiscal Q2 2023 Earnings Call Summary Revenue: $12.3 million, entirely from hosting operations at the Jamestown, ND facility. This slightly exceeded the previously expected steady-state figure of $12 million communicated in the prior quarter. Gross Margin: GAAP gross margin was negatively impacted by billing adjustments du…
CLSK · Q4 FY2022 Earnings Call
CleanSpark Q4 & Fiscal Year 2022 Earnings Summary Revenue: Revenue for FY2022 was $131.5 million, a 235% YoY increase from $49.4 million in FY2021. Bitcoin Production: Mined 3,750 bitcoins in FY2022, up 320% from 892 in FY2021. Adjusted EBITDA: $65.7 million for FY2022, up 500% YoY. Hash Rate: Ended FY2022 at 4.16 EH/s, a 312%…
CANG · Q3 FY2022 Earnings Call
Cango, Inc. Q3 2022 Earnings Call Summary Total Revenue: RMB 416.4 million, above previous guidance. Car Trading Transactions Revenue: RMB 347.2 million (approximately 83% of total revenue). Car Trading Volume: 12,639 vehicles sold in the first nine months of 2022; 60% were new energy vehicles (NEVs). Platform Growth: Cango Ha…
LMFA · Q3 FY2022 Earnings Call
…Summary Financial Highlights (Q3 2022 vs Q3 2021) Revenue: $180,000 (↓ from $224,000 in Q3 2021) – reflects strategic shift toward Bitcoin mining. Bitcoin Mining Revenue: $42,000 – first quarter generating revenue from mining activities (commenced late Q3 2022). Operating Expenses: $5.5 million (↑ from $2.4 million) – driven prima…
MIGI · Q3 FY2022 Earnings Call
…Infrastructure Group Inc. – Q3 2022 Earnings Call Summary Revenue Growth: Q3 revenue rose to $28.3M, a 43% increase from $19.8M in Q2 and a 160% increase year-over-year. EBITDA: Non-GAAP EBITDA grew to $8.8M, representing a 203% year-over-year increase. Gross Profit: Increased 87% from $5.4M in Q2 to $10.1M in Q3. Bitcoin Product…
HIVE · Q2 FY2023 Earnings Call
…Summary – Q2 Fiscal 2023 (Quarter Ended September 30, 2022) Revenue: $29.6 million, a significant drop from $44.2 million in Q1 FY2023 and $53.6 million in Q2 FY2022. Adjusted EBITDA: $18.8 million, down from $48.2 million in Q2 FY2022 but up from $11.2 million in Q1 FY2023. Net Loss: $37 million, compared to net income of $38 millio…
CAN · Q3 FY2022 Earnings Call
…(US$23.4 million), down 75.8% QoQ and 71.7% YoY. Mining Revenue: RMB62 million, up 19% QoQ due to expanded mining operations in the U.S. and improved electricity supply in Kazakhstan. Total Computing Power Sold: 3.5 million Thash/s. AI Revenue: RMB2.4 million, up 52% QoQ. Cash and Cash Equivalents: RMB2,003 million as of September 3…
KEEL · Q3 FY2022 Earnings Call
…Year-to-date, hashrate had doubled from beginning of 2022. Revenue: $33 million in Q3 2022, down from $42 million in Q2 2022 (reflecting a 35% drop in average Bitcoin price offsetting higher production). Adjusted EBITDA: $10.3 million (31% margin), down from $18.7 million (45% margin) in Q2 2022 due to lower Bitcoin prices. Direct Cost…
CIFR · Q3 FY2022 Earnings Call
…derivative asset associated with the Odessa power agreement. Revenue Impact: The gain on the Odessa power contract (valued at $78.9 million) significantly contributed to net income; the contract allows Cipher to optimize between mining and power sales. Bitcoin Mined: 196 bitcoin mined during Q3 from the Alborz data center; Bear and Chief da…
SDIG · Q3 FY2022 Earnings Call
…Stronghold Digital Mining Q3 2022 Earnings Call Summary Revenue: $24.7 million for Q3 2022, a 311% increase compared to $6 million in Q3 2021, but sequentially lower due to decreased Bitcoin mining and power plant downtime. Bitcoin Production: 567 BTC mined in Q3, an 11% sequential decrease due to reduced hash rate and higher network dif…
MARA · Q3 FY2022 Earnings Call
…Financial Results (compared to Q3 2021): Revenue declined by $39M YoY due to reduced production and lower BTC prices. Net loss was $75.4M vs. $22.2M in Q3 2021 — a $53.2M increase in net loss. Impairments: $5.9M impairment of digital assets $39M impairment related to exposure to…
CSTR.V · Q3 FY2022 Earnings Call
…Financial Holdings Q3 2022 Earnings Call Summary Reported EPS: $0.37 per share Adjusted EPS: $0.50 per share (after removing $4.3 million in pre-tax unusual losses) Return on Assets (ROA): Reported at 1.03%, adjusted at 1.39% Pre-Tax, Pre-Provision Return on Average Assets: 1.84% overall and 1.93% for the core bank excluding mort…
APLD · Q1 FY2023 Earnings Call
…Financial Highlights - Fiscal Q1 2023 (Ended August 31, 2022) Revenue: $6.9 million (at the high end of guidance: $6.5M–$6.9M) Adjusted EBITDA: ($1.9) million loss (better than guidance of $1.8M–$2.2M loss) Adjusted Gross Profit (Non-GAAP): $1.7 million (25% of revenue) Adjusted Net Loss: $3.4 million or ($0.04) per share Net…
IREN · Q4 FY2022 Earnings Call
…Mined 1,398 Bitcoins, an increase of 422 Bitcoins YoY. Revenue grew to $59 million (from $7.9 million in FY2021). Adjusted EBITDA of $26.2 million, 44% margin, up from $1.4 million and 18% margin in FY2021. Achieved 3.7 exahash capacity by end of September 2022, up from 0.7 exahash about a year ago. Goal to reach 4.7 exahash by end…
CANG · Q2 FY2022 Earnings Call
Cango Inc. Q2 2022 Earnings Call Summary Total Revenue: RMB289.2 million, a year-over-year decline attributed to macroeconomic headwinds and COVID-related lockdowns. Car Trading Transaction Business: Accounted for RMB218.6 million (75.6% of total revenue), highlighting the company's transformation towards a B2B car transaction service…
APLD · Q4 FY2022 Earnings Call
…Fiscal Q4 and Full Year 2022 Earnings Summary Fiscal Q4 Revenue: $7.5 million — Above guidance of $7.0-$7.4 million; higher than previously increased range of $5.7-$6.2 million. All revenue came from hosting operations at their Jamestown, ND facility. EBITDA: Adjusted EBITDA loss of $3.1 million — Better than guidance of $4.0-$4.6 millio…
MIGI · Q2 FY2022 Earnings Call
…during the quarter. Key Financial Metrics (Q2 2022) Revenue: $19.5 million – up 236% YoY (Q2 2021) and up slightly QoQ (Q1 2022). Gross Profit: $5.4 million – flat compared to Q2 2021. Non-GAAP EBITDA: $13.7 million – up 756% YoY (Q2 2021). Cash & Equivalents: $2.5 million (Q2), supplemented by a $10 million capital raise i…
CAN · Q2 FY2022 Earnings Call
Canaan Inc. Q2 2022 Earnings Call Summary Total Revenue: RMB1.65 billion (US$246.7 million), up 21.9% QoQ and 52.8% YoY; within guidance range. Net Profit: RMB609 million (US$90.9 million), up 37.9% QoQ and 148.6% YoY. Gross Margin: 56.3% vs. 61.2% in Q1 2022; narrowing due to increased wafer costs and slightly lower ASPs. Com…
LMFA · Q2 FY2022 Earnings Call
…2022. Financial Performance (Q2 2022 vs Q2 2021) Revenue: $234,000, down from $328,000 in Q2 2021 due to timing of association fee payouts. Operating Expenses: $5.6 million, significantly up from $642,000 in Q2 2021; primarily due to increases in non-cash stock compensation and professional fees. Net Income: $2.8 million, down…
HIVE · Q1 FY2023 Earnings Call
…Earnings Call Summary Quarter Ending: June 30, 2022 Revenue: $44.2 million, up from $39.0 million in Q1 FY2022, but down from $49.8 million in Q4 FY2022 due to weaker cryptocurrency prices. Gross Mining Margin: $27 million, down from $32.8 million YoY, but up from $22.9 million in Q4 FY2022. Net Income: Loss of $95.3 million, com…
SDIG · Q2 FY2022 Earnings Call
…Stronghold Digital Mining Q2 2022 Earnings Call Summary Revenue: $29.2 million for Q2 2022, a 2% sequential increase despite significant decline in Bitcoin prices. Increase primarily due to higher Bitcoin production and stable Power revenue. Bitcoin Production: 637 Bitcoin mined in Q2 2022, up 45% from Q1. Total of 1,075 Bitcoin mined in…
GREE · Q2 FY2022 Earnings Call
…periods of high merchant power prices to sell power instead — a revenue-optimizing strategy. Older, less efficient miners are being phased out in favor of newer, more efficient units to improve fleet efficiency. Financial Highlights (Q2 2022 vs Q2 2021) Total Revenue: Increased 90% YoY. Cryptocurrency Mining Revenue: Increased…
KEEL · Q2 FY2022 Earnings Call
…BTC mined in Q2 2022, a 31% increase compared to Q1 2022. Revenue: $42 million, up 3% quarter-over-quarter (Q1 2022: $40.8 million), despite a 20% decline in average Bitcoin price. Year-over-year, revenue increased 16% (Q2 2021: $36.1 million). Adjusted EBITDA: $19 million (45% of revenue), down from $21 million in Q1 2022 and $24 million i…
CIFR · Q2 FY2022 Earnings Call
…power to grid when mining not economical. No need for mining if revenue per MWh dips below grid selling price, thanks to fixed-rate power contracts. Team & Technology: Senior hires from top firms (Alphabet, Amazon, Meta, Morgan Stanley, etc.) bolster operations. Data science team developing predictive wind models for optimized power usage.…
CORZ · Q2 FY2022 Earnings Call
…Core Scientific Q2 2022 Earnings Call Summary Total Revenue: $164 million, up 118% from $75.3 million in Q2 2021. Driven primarily by growth in self-mining revenue. Bitcoin Mined: 3,365 in Q2 2022 vs. 180 in Q2 2021. Bitcoin Average Price: $32,500, down 30% from $46,500 year-over-year. Hosting Revenue: Increased 110% to $38.9 mi…
CLSK · Q3 FY2022 Earnings Call
…Q3 (26% growth). Compared to ~1 EH/s same time last year. Revenue and Profit: Revenues for Q3 were nearly $31 million, up 244% YoY (from $9M), but down 17% from Q2 due to lower Bitcoin prices. Gross profit tripled YoY to ~$21 million but declined QoQ by $8M. Adjusted EBITDA: $15M for Q3, representing a 49% margin. While EBITDA dropped ~$6M…
MARA · Q2 FY2022 Earnings Call
…post-quarter to enhance operational and financial resilience. Revenue: $24.9 million, down from $29.3 million in Q2 2021. The revenue decline was primarily due to lower bitcoin prices, though partially offset by an 8% increase in bitcoin production. Net Loss: $191.6 million compared to $108.9 million in Q2 2021. Loss was driven by impairmen…
CSTR.V · Q2 FY2022 Earnings Call
…growth. Feddie Strickland (Janney): "Is the SBA revenue guide per quarter or for the half?" Tim Schools: Expect similar contribution in Q3 as total H1 (~$600K), targeting $750K–$1M/quarter long term. Follow-up on competitive behavior: Pricing discipline absent in some cases (e.g., loans priced well below matched-term cos…
CANG · Q1 FY2022 Earnings Call
…disclosed), this marks an improvement despite market challenges. Revenue Breakdown: Car Trading Transactions: RMB 599 million (76% of total revenue), up significantly as the company pivots its focus to this segment – increase not quantified vs previous quarter. Automotive Financing Facilitation: RMB 106 million, down from…
CAN · Q1 FY2022 Earnings Call
…Canaan Inc. Q1 2022 Earnings Call Highlights Total Revenue: RMB1.36 billion (~US$213.9 million), up 236.7% from RMB402.8 million in Q1 2021. Revenue was impacted by COVID-19 lockdowns that delayed deliveries. Total Computing Power Sold: 4.3 million Thash/s, a 119% YoY increase. Gross Profit: RMB829.8 million (~US$130.9 million), a…
SDIG · Q1 FY2022 Earnings Call
…Stronghold Digital Mining Q1 2022 Earnings Call Summary Revenue: $29 million, a 70% increase quarter-over-quarter from Q4 2021, driven by increased mining capacity. Bitcoin Mined: 438 BTC in Q1 2022, with 250 BTC mined through May 13 in Q2; hash rate averaged just under 1 EH/s in Q1 (in line with prior guidance) and rose to ~3 EH/s by Ma…
KEEL · Q1 FY2022 Earnings Call
Bitfarms Q1 2022 Earnings Call Summary Revenue: $40 million — a 42% increase from Q1 2021 ($28.2 million), mainly due to growth in the company’s hash rate outpacing Bitcoin network difficulty despite lower Bitcoin prices. Bitcoin Mined: 961 BTC in Q1 2022 at a direct production cost of $8,700 per BTC, maintaining one of the lowest cos…
MIGI · Q1 FY2022 Earnings Call
…Q1 2022 Earnings Call Summary Financial Highlights Revenue: $19.4 million in Q1 2022, up 178% YoY (vs. $7 million in Q1 2021), flat QoQ compared to Q4 2021. Gross Profit: $11 million, up 138% YoY (vs. $4.6 million in Q1 2021). Non-GAAP EBITDA: $4.5 million, up 160% YoY (vs. $1.73 million in Q1 2021). Cash and Cash Equivalents:…
APLD · Q3 FY2022 Earnings Call
…Earnings Summary Quarter Ending: February 28, 2022. Revenue: $1 million (entirely from hosting operations at the Jamestown facility, which began ramping in February). Cost of Revenue: $2.1 million (includes energy, personnel, and depreciation costs). Operating Expenses: $1.4 million (mostly SG&A). Adjusted Net Loss: $2.0 mill…
CORZ · Q1 FY2022 Earnings Call
Core Scientific Q1 2022 Earnings Summary Quarter Revenue: $192.5 million, a 255% increase compared to Q1 2021. Adjusted EBITDA: $93 million, up 644% year-over-year. Net Loss: $466.2 million, driven by: $386 million non-cash mark-to-market increase on private market convertible notes. $54 million impairment o…
IREN · Q3 FY2022 Earnings Call
…Iris Energy Limited Quarter Ending: March 31, 2022 Revenue: $15.2 million (up significantly vs. same quarter in 2021) Adjusted EBITDA: $7.3 million (48% margin in Q3; 60% on a 9-month YTD basis) Bitcoin Mined: 357 BTC (up 449% year-over-year) Operating Hash Rate: Increased 686% YoY due to new site activations Cash and Equ…
CLSK · Q2 FY2022 Earnings Call
…Financial Performance (Compared to Q2 FY2021) Total Revenue: $41.6M (up 414% from $8.1M in Q2 FY2021). Digital Currency Segment: $37M in revenue driven by mining growth. Energy Segment: $4.6M (vs. $1.3M last year), driven by Solar Watt acquisition. Gross Profit: $29.5M vs. $6.6M last year. Gross Margin: 71% (down from 79% in…
CIFR · Q1 FY2022 Earnings Call
…machines under contract with MicroBT. Machine Efficiency & Cost: Average machine efficiency on order now stands at 32.1 J/TH, with an average cost of $45.01/TH. Power Agreements: Cipher has long-term power purchase agreements with a competitive weighted average price of $0.0207/kWh. Infrastructure Build-Out: A total of 275 MW of infrast…
MARA · Q1 FY2022 Earnings Call
…a 556% increase YoY and 15% increase QoQ (vs. Q4 2021). Revenue: $51.7 million, up 465% YoY but down $8.6 million QoQ, primarily due to decline in average Bitcoin price. Adjusted EBITDA: $39.4 million, up $33.3 million YoY, down $10.3 million QoQ due to lower Bitcoin prices despite higher production. Bitcoin Holdings: 9,374 BTC as of…
SDIG · Q4 FY2021 Earnings Call
…needs. Full-Year & Q4 2021 Financials: Q4 2021 revenue: $17 million Adjusted EBITDA: $0.3 million Ended 2021 with 182 Bitcoin on the balance sheet Liquidity at year-end: $75 million (including $31.8M in cash, $7.7M in BTC, and ~$35M in undrawn financing) Current liquidity: ~$30M in cash, 344 BTC, $…
CORZ · Q4 FY2021 Earnings Call
…2021 Financial Highlights (Compared to FY 2020) Total Revenue: $544.5 million (up from $60.3 million) Net Income: $47.3 million (compared to a net loss of $12.2 million) Adjusted EBITDA: $238.9 million (up from $6 million) Cost of Revenue: $305.6 million (up $254.7 million YoY) Sales, Marketing, G&A Expenses: $64.7 million (t…
DGXX · Q4 FY2021 Earnings Call
…Digihost Technology Inc. 2021 Earnings Call Summary Revenue Growth: Revenue increased to $24.95 million in 2021, a 602% increase from $3.5 million in 2020. Net Income: Positive net income of approximately $300,000 in 2021, up from a net loss of $5.9 million in 2020. Adjusted EBITDA: $14.01 million for 2021, marking a 1,600% increase…
KEEL · Q4 FY2021 Earnings Call
…2021 Earnings Call Summary (Reported March 28, 2022) Revenue: $60 million (up 426% from Q4 2020 revenue of ~$11.4 million). Gross Mining Profit: $49 million with an 84% margin. Adjusted EBITDA: $44 million, up from $4 million in Q4 2020; Adjusted EBITDA Margin: 74% (up from 71% in Q3 2021). Net Income: $10 million ($0.05 per full…
MIGI · Q4 FY2021 Earnings Call
…Summary Financial Highlights (Q4 2021 vs. Q3 2021) Revenue: $19.6 million, up 79% from $10.9 million. Gross Profit: $16 million, up 89% from $8.5 million. EBITDA: $10 million, up 203% from $3.3 million. Full Year 2021 Results (vs. FY 2020) Revenue: $43.9 million, up 886% from $4.5 million. Gross Profit: $34 mill…
CANG · Q4 FY2021 Earnings Call
…Q4 and Full Year 2021 Earnings Call Summary Quarterly Revenue: RMB 1.05 billion in Q4 2021, up from RMB 899 million year-over-year, exceeding company guidance. Annual Revenue: RMB 3.92 billion for full-year 2021, representing a 91.1% increase year-over-year. Net Income: Q4 net income was RMB 124.1 million, compared to a net gain of R…
CIFR · Q4 FY2021 Earnings Call
Cipher Mining Q4 2021 Earnings Call Summary First Revenue-Generating Quarter: Cipher began Bitcoin mining operations at its Alborz site in February 2022, officially transitioning from a pre-revenue to a revenue-generating company. Site Deployment Progress: Alborz: Operational with initial shipments received and installe…
CAN · Q4 FY2021 Earnings Call
…Canaan Inc. Q4 and Full-Year 2021 Earnings Call Summary Revenue: Q4 2021 revenue reached RMB 2.18 billion, a 55.8% QoQ increase and a 65.8% rise from Q3 2021, surpassing the upper range of guidance. Net Profit: Achieved a record RMB 1.2 billion in Q4 net income, up 114.6% QoQ. Full-Year 2021: Revenue: RMB 4.99 billion…
HIVE · Q3 FY2022 Earnings Call
…Months Ended December 31, 2021) Financial Highlights Revenue: $68.2 million, up from $52.6 million in Q2 FY2022 and $13.7 million in Q3 FY2021. Gross Mining Margin: $61.6 million in Q3 FY2022, up from $45 million in Q2 FY2022 and $10.6 million in Q3 FY2021. Net Income: $66.2 million, up from $17.2 million in Q3 FY2021. Adjuste…
CLSK · Q1 FY2022 Earnings Call
CleanSpark Fiscal Q1 2022 Earnings Summary Revenue: Total Q1 2022 revenue rose to $41.2 million from $2 million in Q1 2021, a 1,960% year-over-year increase. Sequentially, revenue grew 52% from $27 million in Q4 2021. Profit: Gross profit increased to $32 million from $930,000 in Q1 2021 (79% margin vs. 41% margin yoY). Sequentially,…
IREN · Q2 FY2022 Earnings Call
…prior quarter, outpacing a 36% increase in global hash rate. Revenue: $30M USD (66% margin overall; 72% margin in December quarter). Adjusted EBITDA: $20M USD, up 156% from prior period, adjusted for nonrecurring and noncash items. Net Loss: $419M largely due to a one-time, non-cash expense related to hybrid financial instruments from I…
CSTR.V · Q4 FY2021 Earnings Call
…timing of new team additions. However, management sees strong revenue leverage in current expense base. Feddie Strickland (JMS): “How are clients feeling about the economy, supply chains and challenges?” Response: Clients are optimistic, resilient and see robust economic activity, particularly in CapStar's high-growth m…
CLSK · Q4 FY2021 Earnings Call
…CleanSpark Q4 and Fiscal Year-End Earnings Summary Revenue Growth: CleanSpark reported a fiscal 2021 revenue of $49.4 million, up from $10 million in 2020 — a nearly 400% increase year-over-year. Quarter-over-quarter performance: Q4 2021 revenue was $27.1 million, a 1,300% increase from $1.9 million in Q4 2020. Adjusted EBITDA: The…
SDIG · Q3 FY2021 Earnings Call
…Financial Summary (Q3 2021): Revenue: ~$6 million. Adjusted EBITDA: ~$10,000 (roughly breakeven). Cash: $104 million (as of September 30, excluding IPO proceeds). Environmental Mission & Cost Structure: Uses environmentally beneficial coal refuse reclamation to generate p…
CANG · Q3 FY2021 Earnings Call
Cango Inc. Q3 2021 Earnings Call Summary Total Revenue: RMB 800.6 million, exceeding previous guidance. Year-over-year increase driven mainly by growth in car trading transactions. Car Trading Transactions: RMB 429.2 million, accounting for 53.6% of total revenue. This segment continued its growth trajectory and emerged as a primary r…
HIVE · Q2 FY2022 Earnings Call
…Period Covered: Three months ended September 30, 2021. Total Revenue: $52.6 million, up from $13 million in Q2 FY2021 and $37.2 million in Q1 FY2022. Bitcoin Production: 656 BTC mined, up from 88 BTC in Q2 FY2021. Ethereum Production: 8,688 ETH mined, down from 32,800 ETH in Q2 FY2021, but increased profitability due to ETH price surge…
CAN · Q3 FY2021 Earnings Call
Canaan Inc. Q3 2021 Earnings Call Summary Revenue: Total net revenues reached RMB 1,317.6 million, a new company record. This reflects a 708.2% increase year-over-year and a 21.8% sequential increase compared to Q2 2021. Gross Margin: Gross margin expanded to 56.3%, up from earlier quarters, supported by increased product yield and im…
KEEL · Q3 FY2021 Earnings Call
Bitfarms Q3 2021 Earnings Call Summary Revenue Growth: Q3 2021 revenues reached a record $44.8 million, a 22% increase from $36.7 million in Q2 2021 and a 560% increase from $6.8 million in Q3 2020. Bitcoin Production: Mined 1,051 BTC in Q3 2021, up 38% from Q2 2021’s 759 BTC. Hash Rate & Capacity: E…
CIFR · Q3 FY2021 Earnings Call
…$9.4 million in deposits for power agreements Minimal revenue, as operational mining starts in 2022 Operational Partnerships: Bitfury provides operational services, equipment, and management under a cost-plus contracting model. Cipher maintains control through its COO and newly hired Chief Construction Officer. Analyst…
CSTR.V · Q3 FY2021 Earnings Call
…and debit transaction fees, wealth management. TriNet revenue: $2M | SBA fees: $911K | Mortgage revenues also increased slightly. Expenses and Efficiency: Non-interest Expenses: $18.4M Efficiency Ratio: 53.06% (Core bank excluding mortgage: 50.58% - a record low) Core Pre-Tax Pre-Provision to A…
HIVE · Q1 FY2022 Earnings Call
…Financial Performance (Quarter ended June 30, 2021): Revenue reached $37.2 million, up from $33.4 million in Q4 FY21 and $6.6 million in the same quarter last year (Q1 FY21). Gross mining margin increased to $31 million (83% of revenue) from $2.6 million in Q1 FY21. Adjusted EBITDA rose significantly to $29.6 million…
CAN · Q2 FY2021 Earnings Call
Canaan Inc. Q2 2021 Earnings Call Summary Revenue: Reached record high of RMB1,081.8 million (USD $167.5 million), a 507.3% increase year-over-year and 168.6% quarter-over-quarter, driven by increased computing power sold. Gross Profit: RMB427.1 million (USD $66.2 million), up 887% year-over-year and 119.9% quarter-over-quarter. N…
DMGI.V · Q3 FY2021 Earnings Call
…Earnings Call Summary (For the Period Ending June 30, 2021) Revenue: Q3 revenue declined to $1.7M, down from $2.5M in Q2. However, YTD revenue still increased $815K year-over-year, primarily due to growth in software licensing and hosting. Net Loss: Reported net loss of $8.4M in Q3 (up from prior quarters). However, $4.6M of this was due…
CANG · Q2 FY2021 Earnings Call
Cango Inc. Q2 2021 Earnings Call Summary Total Revenue: RMB 946.7 million, up significantly from RMB 600 million in Q2 2020. Net Income: RMB 557.7 million, aided by investment gains from Li Auto. Non-GAAP Adjusted Net Income: RMB 578.3 million. Diluted Net Income per ADS: RMB 3.75; Non-GAAP Diluted Net Income per ADS: RMB 3.89…
CLSK · Q3 FY2021 Earnings Call
…Bradford CFO: Lori Love Financial Highlights Q3 Revenue: $11.9 million — Up 250% compared to Q3 FY2020 YTD (9 months) Revenue: $22.3 million — Up 176% compared to same period FY2020 Digital Currency Mining Revenue (Q3): $8.6 million (73% of total revenue) — Increased $1.9 million or 22% from Q2 FY2021 Energy Revenue (Q3…
KEEL · Q2 FY2021 Earnings Call
…1,910, with 1,820 BTC held (95%), valued at $87.9 million. Revenue: Generated $36.7 million in revenue, a 400% YoY increase from $7.4 million in Q2 2020. This was driven by both a higher hash rate and an increase in average BTC price ($46,500 vs. $8,600 YoY). Gross Mining Profit: Record $28.1 million, up significantly from $2.5 million YoY.…
CSTR.V · Q2 FY2021 Earnings Call
…Holdings Q2 2021 Earnings Call Summary Earnings Per Share (EPS): $0.54 for Q2 2021, up from $0.50 in Q1 2021 (based on YTD $1.04). Return on Average Equity (ROAE): 13.5% annualized for Q2 2021, compared to 13.13% YTD. Net Interest Income: $23 million, up $800,000 from Q1 2021. Net Interest Margin (NIM): Increased to 3.26% from ~3…
CANG · Q1 FY2021 Earnings Call
…Earnings Call Summary Key Financial Highlights Total Revenue: RMB 1.1 billion, up 357% year-over-year; exceeded high-end of prior guidance by ~7%. Operating Income: RMB 160 million, compared to a loss of RMB 81.3 million in Q1 2020. Net Loss: RMB 274 million, primarily due to RMB 447 million investment loss in Li Auto. Non-GAA…
CAN · Q1 FY2021 Earnings Call
Canaan Inc. Q1 2021 Earnings Call Summary Revenue: Total net revenues in Q1 2021 reached $61.5 million, significantly up from $38.2 million in Q4 2020 and $10.1 million in Q1 2020. Profitability: Reported non-GAAP adjusted net income was $21.9 million, compared to a full-year non-GAAP adjusted net loss of $31.4 million in 2020. Gr…
DMGI.V · Q1 FY2021 Earnings Call
…comprehensive income for Q2 of $2.1 million. Improved cash flow position; net cash outflows reduced compared to the previous quarter, nearing cash flow positive operations. Mining Operations Updates: Christina Lake facility being built to support up to 2 exahash of mining capacity. DMG clarified they h…
KEEL · Q1 FY2021 Earnings Call
…difficulty. Bitcoin Price Impact: Despite fewer BTC mined, revenue surged from $8.7M in Q1 2020 to $27.7M in Q1 2021 due to average BTC price of ~$45,000, compared to ~$8,300 in Q1 2020. Financial Performance: Revenue: $28.4M (up 209% YoY) Gross Mining Profit: $22.3M vs. $4.1M YoY Gross Mining Margin: 80% vs.…
CLSK · Q2 FY2021 Earnings Call
…significant turnaround from a $5.8 million loss in Q2 FY2020. Revenue Growth: Consolidated revenue reached $10.4 million for the six months ended March 31, 2021, surpassing total revenue of full fiscal year 2020. Q2 revenue alone totaled $8.2 million, with: Bitcoin Mining: $6.7 million (82% of quarterly revenue) Energy Se…
CSTR.V · Q1 FY2021 Earnings Call
…back at all your press releases in recent months, but how many revenue producers have you hired in, let's call it, the last three to six months?" Tim Schools: Growth evenly balanced between Knoxville and Nashville; Knoxville surpassed $100M in commitments. Hired six revenue-producing bankers since November. Brett Rabatin, Hovd…
CAN · Q4 FY2020 Earnings Call
…Canaan Inc. Q4 and Full Year 2020 Earnings Summary Revenue: Q4 net revenue was RMB 38.2 million, down from RMB 463.2 million in Q4 2019 and RMB 163 million in Q3 2020. Full-year 2020 net revenue was RMB 447.7 million, down from RMB 1.42 billion in 2019. Gross Profit/Loss: Gross profit in Q4 2020 was RMB 9.1 million, reversing a gross l…
CANG · Q4 FY2020 Earnings Call
…Inc. Q4 and Full Year 2020 Earnings Summary Quarterly Revenue: RMB 1.097 billion, up significantly vs. RMB 320.8 million in Q4 2019; exceeded high end of previous guidance by ~46%. Annual Revenue (FY 2020): RMB 2.1 billion, representing a 42.5% increase year-over-year. Q4 Net Income: RMB 1.57 billion, mainly due to a RMB 1.5 billion…
CSTR.V · Q4 FY2020 Earnings Call
…of increases over the past three quarters. Net Interest Margin (NIM): 3.12% in Q4, stable at 3.41% on an adjusted basis. Excess deposits impacted NIM negatively by 37 basis points, while PPP loans added 8 basis points. Balance Sheet Activity: $178 million in earning assets shifted from cash into investments during the quarter to improve yie…
CAN · Q3 FY2020 Earnings Call
…Earnings Call Summary Key Financial Highlights Total Net Revenue: US$24.01 million — down 8.5% quarter-over-quarter (QoQ) from US$26.25 million in Q2 2020, and down 75.5% year-over-year (YoY) from US$96.76 million (RMB670.6 million) in Q3 2019. Computing Power Sold: 2.9 million TH — up 13.4% QoQ (from 2.6 million TH), but down 20.7% Y…
CANG · Q3 FY2020 Earnings Call
…Summary Financial Highlights (Compared to Q3 2019) Total Revenue: CNY 434.9 million, +32% vs guidance high-end and increased from previous year. Aftermarket Services Revenue: CNY 68.9 million, comprising 15.8% of total revenue. Car Trading Transaction Revenue: CNY 70.4 million — a significant contributor to top-line growth. Op…
CAN · Q2 FY2020 Earnings Call
…Highlights (Compared to Q1 2020 and Q2 2019) Total Net Revenue: Increased 160.8% quarter-over-quarter to RMB178.1 million, but down 26.3% year-over-year from RMB241.5 million in Q2 2019. Gross Profit: RMB43.3 million, up from RMB2.4 million in Q1 2020 (1,711.5% increase) and RMB10.8 million in Q2 2019 (302.5% increase). Gross Margin:…
CANG · Q2 FY2020 Earnings Call
Cango Inc. Q2 2020 Earnings Call Summary Total Revenue: RMB 274.1 million, exceeding the high-end of company guidance by ~10%. Net Profit: RMB 70.2 million, up from a net loss in Q1 2020, reflecting improved cost structure and asset quality. Non-GAAP Adjusted Net Income: RMB 92.3 million. Gross Margin: Maintained at a healthy…
CANG · Q1 FY2020 Earnings Call
Cango, Inc. Q1 2020 Earnings Call Summary Revenue: Total revenue for Q1 2020 was RMB246 million, down 30% year-over-year from RMB351.7 million in Q1 2019 due to COVID-19-related disruptions. Gross Margin: Maintained at healthy levels through cost controls despite revenue decline. Operating Loss: Loss…
CAN · Q1 FY2020 Earnings Call
…Canaan Inc. Q1 2020 Earnings Call Summary Total Net Revenue: RMB68.3 million, up 44.6% year-over-year (YoY) compared to RMB47.2 million in Q1 2019. Computing Power Sales: Reached 900,000 Thash/s in Q1 2020, increasing 18.4% YoY from 700,000 Thash/s. Gross Profit: RMB2.4 million, compared to RMB0.5 million in Q1 2019; Gross margin im…
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