Overview
- Total revenue rose 2.7% to $475.8 million, with cloud mining generating $350.6 million and accounting for more than 73% of sales.
- Adjusted EBITDA dropped to $8.3 million from $117.9 million due to adverse fair‑value adjustments on digital assets.
- Proprietary mining production declined to 611 BTC as resources were redirected away from self‑mining.
- The average cost to mine Bitcoin climbed to $77,573 per coin, reflecting higher network difficulty and operational changes.
- Aggregate mining capacity increased to 26.1 EH/s as hosting capacity decreased to 478 MW, and liquidity ended at $177.1 million including 1,778 BTC.