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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/15 04:09

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BTC Digital Ltd. reported Q2 2024 revenue of $2.3 million, down 63.5% year-over-year, with a net loss of $704,000. The revenue decline was primarily attributed to reduced bitcoin mining and machine resale activities, partially offset by growth in mining machine rental business. The company mined 16.45 bitcoins during H1 2024, generating $0.94 million in mining revenue.The company expanded its mining fleet to 2,021 machines with a total hash rate of 213PH/S, operating at a facility in Tennessee. Capital expenditures increased significantly to $4.0 million in H1 2024, mainly for purchasing new mining equipment. The company maintained $287,000 in cash and cash equivalents as of June 30, 2024, up from $43,000 at year-end 2023.Looking ahead, BTC Digital plans to continue investing in research and development through its joint venture, focusing on mining equipment and infrastructure development. The company has also entered into an agreement to acquire a new Bitcoin mining facility for $1.99 million, demonstrating its commitment to expanding operations despite near-term market challenges from the Bitcoin halving event.
BTC Digital Ltd. reported Q2 2024 revenue of $2.3 million, down 63.5% year-over-year, with a net loss of $704,000. The revenue decline was primarily attributed to reduced bitcoin mining and machine resale activities, partially offset by growth in mining machine rental business. The company mined 16.45 bitcoins during H1 2024, generating $0.94 million in mining revenue.The company expanded its mining fleet to 2,021 machines with a total hash rate of 213PH/S, operating at a facility in Tennessee. Capital expenditures increased significantly to $4.0 million in H1 2024, mainly for purchasing new mining equipment. The company maintained $287,000 in cash and cash equivalents as of June 30, 2024, up from $43,000 at year-end 2023.Looking ahead, BTC Digital plans to continue investing in research and development through its joint venture, focusing on mining equipment and infrastructure development. The company has also entered into an agreement to acquire a new Bitcoin mining facility for $1.99 million, demonstrating its commitment to expanding operations despite near-term market challenges from the Bitcoin halving event.
BTC Digital Ltd. 报告称2024年第二季度营业收入为230万美元,同比下降63.5%,净亏损为704,000美元。营业收入的下降主要归因于比特币挖矿和机器转售活动减少,部分被挖矿机器租赁业务的增长所抵消。公司在2024年上半年挖掘了16.45个比特币,产生了94万美元的挖矿收入。公司将其挖矿设备扩展至2,021台,总哈希率为213PH/S,运作于田纳西州的一个设施中。资本支出在2024年上半年显著增加至400万美元,主要用于购买新挖矿设备。截至2024年6月30日,公司保持有287,000美元的现金及现金等价物,较2023年底的43,000美元有所增加。展望未来,BTC Digital计划通过其创业公司继续投资于研发,专注于挖矿设备和制造行业的发展。公司还已达成协议以199万美元收购一座新的比特币挖矿设施,展示了其尽管面临比特币减半事件的短期市场挑战,也要扩大运营的决心。
BTC Digital Ltd. 报告称2024年第二季度营业收入为230万美元,同比下降63.5%,净亏损为704,000美元。营业收入的下降主要归因于比特币挖矿和机器转售活动减少,部分被挖矿机器租赁业务的增长所抵消。公司在2024年上半年挖掘了16.45个比特币,产生了94万美元的挖矿收入。公司将其挖矿设备扩展至2,021台,总哈希率为213PH/S,运作于田纳西州的一个设施中。资本支出在2024年上半年显著增加至400万美元,主要用于购买新挖矿设备。截至2024年6月30日,公司保持有287,000美元的现金及现金等价物,较2023年底的43,000美元有所增加。展望未来,BTC Digital计划通过其创业公司继续投资于研发,专注于挖矿设备和制造行业的发展。公司还已达成协议以199万美元收购一座新的比特币挖矿设施,展示了其尽管面临比特币减半事件的短期市场挑战,也要扩大运营的决心。
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