It is now capable of producing between 6 and 7 Bitcoin per day. To put this in perspective, the Company produced just over 3 BTC on June 30. The Company anticipates achieving 1.0 EH/s in production capacity within the coming month when the balance of the mining rigs scheduled to be hashing in August are installed. Operational Highlights - Quarter ended June 30, 2021Ĭurrent hashrate capacity now exceeds 820 PH/s, which is nearly double the capacity just 46 days ago. Working capital of $39.9 million as of June 30, 2021, compared to $2.9 million as of September 30, 2020, for an increase of $37.0 million. Total Stockholders' Equity: $281.8 Million Total Mining assets (Prepaid Deposits/Deployed Miners): $188.2 Million In the quarter ended June 30, 2021, the Company produced more than 191 Bitcoins and has produced an aggregate of 598 Bitcoins since acquiring its mining operations on December 10, 2021, through August 14, 2021.īalance Sheet Highlights as of June 30, 2021ĭigital Currency: $10.4 Million, or 301.4 Bitcoin Net loss for the three months ended June 30, 2021, was ($16.7) million, or ($0.49) basic loss per share, compared to a loss of ($8.5) million, or ($0.77) loss per share, for the same prior year period-an improvement of $0.28 per share.Īdjusted EBITDA, a non-GAAP term, resulted in a non-GAAP net loss for the three months ended June 30, 2021, of ($3.6) million, or ($0.11) loss per share, compared to a loss of ($1.1) million, or ($0.10) loss per share, for the same prior year period.Īdjusted EBITDA after incorporation of non-recurring costs, a non-GAAP term, resulted in a non-GAAP net income for the three months ended June 30, 2021, of $2.3 million, or $0.07 earnings per share, compared to a net loss of ($1.1) million, or ($0.10) loss per share, for the same prior year period-an improvement of $0.17 per share. Revenues for the three months ended June 30, 2021, were $11.9 million, an increase of $8.5 million, or 250%, from $3.4 million for the same prior year period. Net loss for the nine months ended June 30, 2021, was ($16.4) million, or ($0.60) loss per share, compared to a loss of ($16.3) million, or ($2.32) loss per share, for the same prior year period, an improvement of $1.72 per share.Īdjusted EBITDA, a non-GAAP term, resulted in a non-GAAP net loss for the nine months ended June 30, 2021, of ($2.7) million, or ($0.10) loss per share, compared to a loss of ($4.1) million, or ($0.58) loss per share, for the same prior year period.Īdjusted EBITDA after incorporation of non-recurring costs, a non-GAAP term, resulted in a non-GAAP net income for the nine months ended June 30, 2021, of $6.2 million, or $0.23 earnings per share, compared to a net loss of ($3.9) million, or ($0.56) loss per share, for the same prior year period-an improvement of $0.79 per share. Revenues for the nine months ended June 30, 2021, were $22.3 million, an increase of $14.2 million, or 176%, from $8.1 million for the same prior year period. A recording of the call is available for replay at:Ī transcript of the event is available on the Company's website. As previously announced, the Company held its third quarter 2021 live virtual earnings presentation and business update for investors and analysts on August 16, 2021, at 1 p.m.
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