Strong Revenue Growth:
Revenue reached a record $647.4 million in 2025, up sharply from 2024 as mining scale and BTC prices increased. Q1 2026 also delivered substantial revenue alongside higher deployed hashrate.
Diversified Revenue Streams:
A new Data Center segment contributed in Q1 2026, including ~$33.2 million and a 10‑year AMD lease expanding from 25 MW to 50 MW. Engineering and self‑mining provide additional revenue sources beyond hosting.
Future-Ready Strategy:
Large Texas campuses (Corsicana targeting ~1 GW; Rockdale) and a newly filed ~$400 million Corsicana building through mid‑2028 extend a multi‑year growth pipeline. Exploration of nuclear‑powered data centers and blue‑chip leasing align capacity with AI/HPC demand.
