Datacentrex Q2 net loss widens as gross margin fell sharply

Datacentrex

13/08/2026 24:16

Overview
U.S. digital asset miner's Q2 revenue was flat yr/yr amid higher power costs
Company posted a GAAP net loss of $5.5 mln as gross margin fell sharply
Adjusted EBITDA loss improved sequentially, net cash burn was nearly breakeven

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
HIGHER POWER COSTS - Co said increased power rates for its mining fleet reduced gross margin and affected earnings
DIGITAL ASSET MARKET VOLATILITY - Co said continued volatility in digital asset markets weighed on results
INCREASED OPERATING EXPENSES - Co reported higher depreciation, amortization, and stock-based compensation drove up operating expenses

Company press release: ID:nGNX28fKXc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.90 mln
 
Q2 Net Loss
 
$5.50 mln
 
Q2 Adjusted EBITDA
 
-$1.33 mln
 
Q2 Operating Expenses
 
$5.00 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)