Overview
- Q3 revenue reached $150.5 million, up 104% year over year, with $118.6 million from equipment and $30.6 million from mining.
- Profitability metrics improved with $16.6 million in gross profit, a narrowed $27.7 million net loss, and positive adjusted EBITDA of $2.8 million.
- Operating momentum included a quarterly record of over 10 EH/s sold and production of 267 BTC from self‑mining.
- The company guided Q4 revenue to $175–$205 million and reported cash of $119.2 million plus a growing crypto treasury of roughly 1,582–1,610 BTC.
- Growth initiatives featured a $72 million institutional investment, an order exceeding 50,000 A15 Pro units from a U.S. client, and the A16XP launch rated at 300 TH/s with 12.8 J/TH, as shares climbed roughly 13%–21% on the day.