Quarterly ResultMay 14, 2026, 04:38 PM
BIXI Q1 Net Income $1.62M; Trust Account $222.47M
AI Summary
Bitcoin Infrastructure Acquisition Corp Ltd. reported a net income of $1.62 million for the three months ended March 31, 2026, primarily driven by interest income from its Trust Account. The company, a blank check company, has not yet commenced operations and is focused on identifying a business combination target. Its Trust Account balance grew to $222.47 million, and it maintains sufficient liquidity for its working capital needs for at least one year.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,618,818.
- Cash and marketable securities in the Trust Account increased to $222,465,349 as of March 31, 2026.
- Interest income from the Trust Account totaled $1,819,895 for the quarter.
- Basic net income per ordinary share (Class A redeemable, Class A non-redeemable, Class B non-redeemable) was $0.05.
- Cash and cash equivalents were $2,381,432 as of March 31, 2026.
- A gain of $15,000 was recognized from the extinguishment of the over-allotment option liability.
- Shareholders' Deficit increased to $(6,359,473) from $(6,158,396) at December 31, 2025.