Quarterly ResultMay 14, 2026, 04:32 PM
Datacentrex Q1 Revenue Jumps to $2.2M; Gross Profit $513K
AI Summary
Datacentrex, Inc. reported strong year-over-year growth for Q1 2026, with revenue increasing to $2.2 million from $160,000 in the prior year, driven by scaled deployment of Scrypt-based digital asset mining infrastructure. The company generated $513,000 in gross profit, achieving a 23.5% gross margin despite a challenging mining environment. However, Datacentrex reported a GAAP net loss of $6.2 million, primarily due to significant non-cash items like depreciation, stock-based compensation, and mark-to-market losses on digital assets. The company emphasized its well-capitalized balance sheet with no debt and a focus on expanding compute capacity and strategic investments.
Key Highlights
- Datacentrex Q1 2026 revenue increased to $2.2 million, up from $160,000 in Q1 2025.
- Gross profit rose to $513,000, representing a 23.5% gross margin.
- Reported a GAAP net loss of $6.2 million, including $3.3 million depreciation and $1.2 million stock-based compensation.
- Adjusted EBITDA loss was approximately $1.7 million, or $0.5 million excluding non-cash mark-to-market losses.
- Ended Q1 2026 with $42.5 million in cash, $5.3 million in digital assets, and $11.2 million in receivables, totaling over $59 million in liquidity.
- Operated 3,094 Scrypt ASIC miners across four U.S.-based colocation facilities.
- Deployed approximately 43.3 TH/s of hashrate and 12.5 MW of power capacity.
- Total operating expenses were $5.5 million, up from $391,000 in the prior year.
Price Impact
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