Business DiversificationManagement also indicated steady progress in diversifying the business via entry into the HPC/AI hosting market.
Expansion PlansNew development site in Paraguay provides runway to more than double deployed hash rate in the next year.
Financial PerformanceDuring the quarter, the company reported $37.1M of revenue, up 106% y/y, yielding a gross mining margin of 45% compared to 22% in the same quarter last year.