Overview
- Revenue rose 92% year over year to $252.4 million as net income reached $123.1 million and adjusted EBITDA climbed to $395.6 million.
- Energized hashrate increased 64% to 60.4 EH/s with roughly 5,000 miners deployed and average fleet efficiency at 18.6 J/TH.
- Bitcoin production totaled 2,144 in the quarter, and holdings reached 52,850 BTC as of Sept. 30, which the company valued at about $6.0 billion.
- A letter of intent with MPLX targets 400 MW of power for West Texas data campuses, with potential expansion to 1.5 GW.
- Initial AI inference racks were installed at Granbury after quarter end, an agreement was signed to acquire about 64% of EDF’s Exaion subject to approvals, and $1.025 billion in zero-coupon notes due 2032 were issued alongside a partial repurchase of 2026 notes.