0001493152-26-023091
SEC filingRevenue grew dramatically to $2.2M from $151 due to increased deployed units and the Bitcoin-settled hashrate marketplace model, but heavy depreciation and operating costs drove operating losses deeper to -$5.0M amid infrastructure investments.
Gross profit reached $512.9K, delivering a 23.5% margin on elevated revenues. This stability stems from realized revenue rates per unit of hashrate deployed, balanced against power costs, facility-level economics, and hosting-related expenses including facility services, power delivery, networking, and colocation partner operations. However, operating income deteriorated to -$5.0M from -$1.7M prior year (-189.0% change), with an operating margin of -230.3%. The company's cost structure—primarily power costs, hosting expenses, and depreciation of capitalized mining equipment—amplified losses as fixed costs scaled against revenue growth. Operational execution, fleet uptime, hardware supply dynamics, and capital allocation priorities further shaped these outcomes, as the company holds equipment in inventory, transit, or staging for deployment based on expansion plans.
Management's strategic flexibility allows adjustments in response to market conditions, regulatory developments, and capital availability. Future treasury concentration is expected to favor Bitcoin, consistent with the hashrate monetization model. These dynamics position Datacentrex to navigate AI/HPC-driven power constraints while executing on hashrate deployment and capital allocation to drive long-term value creation.