Hyperscale Data Q2 revenue rises on blockchain initiatives growth

Hyperscale Data

01/09/2026 21:24

Overview
AI data center firm's Q2 revenue grew 35% yr/yr, driven by blockchain-related initiatives
Other Revenue, mainly blockchain, jumped 647% yr/yr in Q2
Quarterly gross profit rose 44%, aided by higher-margin blockchain revenue

Outlook
Company expects future revenue opportunities from new blockchain products and services
Company says blockchain-related revenue could exceed combined revenue from other businesses
Development and commercialization of new products remain subject to technical and regulatory risks

Result Drivers
BLOCKCHAIN INITIATIVES - Co said blockchain initiatives drove 647% yr/yr increase in Other Revenue in Q2
HIGHER-MARGIN BLOCKCHAIN REVENUE - Co said higher-margin blockchain-related revenue contributed to 44% increase in Q2 gross profit
R&D INVESTMENT - Co said increased research and development expenses reflected investment in AI and blockchain initiatives

Company press release: ID:nPn9DrpzJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$34.8 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.)