Overview
- Fiscal second-quarter revenue rose 250% to $126.6 million, reflecting rapid expansion in AI-focused data centers.
- The company said it is in advanced discussions with multiple hyperscalers for roughly 900 megawatts of capacity, with no agreements yet announced.
- High-performance computing revenue reached $85 million, including $73 million from tenant fit-out work largely tied to CoreWeave, which carries lower margins.
- Data-center hosting generated $41.6 million in revenue and $16 million in operating income from two North Dakota sites using 286 megawatts for crypto mining.
- Shares have climbed about 250% over the past year as investors respond to growth and a real-estate-oriented strategy.