July Highlights: Record monthly revenue and hardware profit; AI Cloud expanded with 2.4k NVIDIA B200/B300 GPUs; Initial B200 shipment completed and fully contracted; 50MW Horizon 1 liquid-cooled AI data center on track for Q4’25; Mackenzie fiber upgrade complete, further enhancing our ability to support continued growth of AI Cloud beyond Prince George; 1,400MW Sweetwater 1 civil and electrical works continuing. “We delivered another month of record revenue of $86m and record hardware profits of $66m in July, supported by strong Bitcoin mining economics and continued demand for our AI Cloud services,” said Daniel Roberts, Co-Founder and Co-CEO. “We are observing accelerating interest in our newly procured Blackwell GPUs, with the initial delivery of 256 B200 GPUs already contracted. Our ability to run ASICs and GPUs side-by-side at Prince George underscores the adaptability of our infrastructure and our ability to capture the market opportunity ahead.”
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