DTCX · Datacentrex, Inc.

Datacentrex's Q1 2026 results demonstrate substantial operational scaling in its digital asset mining business, with revenue surging to $2.2 million from $160,000 in the prior-year period, primarily driven by the expanded deployment of 3,094 Scrypt ASIC miners across four U.S. colocation facilities. This growth reflects the company's transition to a scaled mining platform utilizing merged-mining for Scrypt-based networks like Litecoin and Dogecoin, while accumulating Bitcoin as a treasury reserve. Gross profit reached $513,000 at a 23.5% margin, lower than the prior year's 52.5% due to a challenging mining environment marked by digital asset price volatility, yet still indicating positive unit economics. Operating expenses escalated to $5.5 million, dominated by $3.3 million in non-cash depreciation on mining equipment and $1.2 million in stock-based compensation, alongside higher G&A costs as a public company. The resulting $6.2 million GAAP net loss incorporates an additional $1.2 million in realized and unrealized losses on digital assets. Adjusted EBITDA showed a $1.7 million loss, but excluding non-cash mark-to-market impacts, the operational loss narrows to approximately $0.5 million, underscoring underlying cash performance. CEO Parker Scott highlighted the debt-free balance sheet, strong liquidity exceeding $59 million including $42.5 million in cash and recent public offering receivables, and focus on cost discipline to pursue compute capacity expansion and strategic investments in digital infrastructure. No forward guidance was provided, but management emphasized flexibility for growth amid market challenges.