Earnings Snapshot

The company reported EPS loss of $1.52, missing analyst expectations of 50 cents. Revenue came in at $136.4 million, also below the $145.4 million consensus estimate.

Gross margin came in above 40%, down from 47% in the previous quarter. The company posted a net loss of about $378 million, including $263 million in non-cash mark-to-market charges.

It reported adjusted EBITDA loss stood at $241.2 million versus a loss of $57.8 million in the year-ago quarter.

As of March 31, 2026, the company’s cash position stood at $260.3 million.

“This quarter, we accelerated our digital infrastructure evolution across four key areas: land and power development, with ERCOT approval of 300…

Read more on Benzinga