Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
Revenue: Reached $165.2 million, marking a 223% increase from the previous year, falling below the estimated $180.69 million.Net Income: Soared to $337.2 million, a 184% increase year-over-year, significantly surpassing the estimated $53.06 million.Earnings Per Share (EPS): Reported at $1.26 per diluted share, substantially higher than the estimated $0.22.Adjusted EBITDA: Grew by 266% to $528.8 million, reflecting strong operational efficiency and profitability.Bitcoin Production: Increased by 28% year-over-year to 2,811 BTC, despite operational challenges and higher weather-related curtailments.Hash Rate: Energized hash rate surged by 142% to 27.8 EH/s from the previous year, supporting increased bitcoin production capacity.Acquisitions: Closed multiple acquisitions, expanding the mining portfolio to over 1.1 gigawatts of capacity, with 54% directly owned and operated.
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