I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 81.1 M.
EPS: As of FY2025 Q3, the actual value is USD -0.46.
EBIT: As of FY2025 Q3, the actual value is USD -56.6 M.
Digital Asset Self-Mining Segment
- Revenue: $187.0 million for the nine months ended September 30, 2025, a decrease from $328.8 million in the same period in 2024.
- Cost of Digital Asset Self-Mining: $180.2 million for the nine months ended September 30, 2025, down from $236.1 million in 2024.
- Gross Profit: $6.8 million for the nine months ended September 30, 2025, compared to $92.7 million in 2024.
- Gross Margin: 4% for the nine months ended September 30, 2025, down from 28% in 2024.
Digital Asset Hosted Mining Segment
- Revenue: $18.1 million for the nine months ended September 30, 2025, a decrease from $71.1 million in 2024.
- Cost of Digital Asset Hosted Mining Services: $13.3 million for the nine months ended September 30, 2025, down from $49.4 million in 2024.
- Gross Profit: $4.8 million for the nine months ended September 30, 2025, compared to $21.7 million in 2024.
- Gross Margin: 27% for the nine months ended September 30, 2025, down from 30% in 2024.
Colocation Segment
- Revenue: $34.1 million for the nine months ended September 30, 2025, up from $15.9 million in 2024.
- Cost of Colocation Services: $28.6 million for the nine months ended September 30, 2025, up from $13.9 million in 2024.
- Gross Profit: $5.5 million for the nine months ended September 30, 2025, compared to $1.9 million in 2024.
- Gross Margin: 16% for the nine months ended September 30, 2025, up from 12% in 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to continue its strategic transition from bitcoin mining to high-density colocation services, aiming to deliver 250MW of billable capacity by the end of 2025.
- Non-Core Business: The company intends to repurpose its remaining facilities used in digital asset mining to support high-density colocation computing services, retaining access to electrical power and maximizing the value of its digital asset mining equipment.