Overview
- Revenue rose to $64.2 million in Q3 2025 with net income of about $3.5 million, marking a turnaround from a year-earlier loss.
- Mining capacity scaled roughly 2.5x to about 25 EH/s with fleet efficiency near 16.3 J/TH, supporting stronger production.
- Reported reserves reached 4,004 BTC as of November 5, equal to 432 satoshis per share based on the company’s disclosure.
- Leaders reiterated that the company generates bitcoin below market through scalable operations complemented by disciplined at‑market purchases.
- Shares swung sharply around the results, falling more than 13% in pre-market trading as bitcoin prices declined.