Under Bitcoin mining pressure, this mining company's financial report growth exceeded expectations

2025-12-28 18:20:11

【CryptoWorld】The Bitcoin mining market has been quite turbulent lately. An investment report recently downgraded the rating of a well-known mining company — although it still maintains a “Buy” stance, the target price was lowered from $24 to $20. The reason is straightforward: intense mining competition and persistent pressure on Bitcoin prices make life difficult for miners.

However, this company is a bit different. They recently shifted focus to the high-performance computing (HPC) sector, and this move has proven effective. The Q3 2025 financial report shows revenue of $50.6 million, a 6% quarter-over-quarter increase, with HPC leasing income reaching $7.2 million. Interestingly, although Bitcoin production dropped by 22% to only 377 coins, the adjusted EBITDA actually grew by 25%, reaching $18.1 million — indicating that increased revenue has indeed offset the impact of reduced output.

In terms of financing, the company has secured over $4.2 billion in funding and signed a 10-year partnership agreement with Google to expand its business. Of course, the current GAAP net loss is $455 million, but based on the growth trend in the financial reports, this mining company’s diversification strategy is starting to pay off.

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BlockchainBard

· 2025-12-31 08:20

Mining has started to compete in HPC, now mining companies really have to walk on multiple legs. Even with a 22% drop in BTC production, EBITDA can still increase; this move is a bit daring. However, pouring in 4.2 billion USD, this financing scale truly left me stunned. Are they betting on the AI computing power boom?

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PumpDetector

· 2025-12-31 01:49

ngl this pivot to HPC feels like the actual play everyone's been sleeping on... btc mining margins are getting absolutely gutted but these guys figured out the margin arbitrage nobody was watching. that 25% ebitda growth while hashrate tanked? *that's* the technical divergence the smart money was accumulating on.

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AirdropHarvester

· 2025-12-29 13:31

Wow, this is the real turnaround. While others are still struggling in mining, they've already discovered the gold mine in HPC. EBITDA can still increase by 25%, this data is quite impressive.

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WinterWarmthCat

· 2025-12-28 20:02

Shifting to HPC is a brilliant move. Bitcoin mining has become a mess now. Knowing how to diversify and walk multiple paths is the real key.

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AirdropBuffet

· 2025-12-28 18:50

Wow, this is true diversification. Relying solely on mining has already backfired, HPC is really a lifesaver. Switching to HPC immediately boosted the performance; even with a drop in output, profits can still increase. That’s brilliant. 42 billion in funding, this guy is serious about making a move. How are other mining companies still competing in mining? But the question is, can HPC leasing be sustained, or is this just another wave of opportunity? Bitcoin mining is becoming more and more competitive. Mining companies that don’t find a way to transform will eventually fade away. A 25% increase in EBITDA is quite impressive. This is true counter-cyclical growth!

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GigaBrainAnon

· 2025-12-28 18:49

Wow, this is the real turnaround. BTC mining is crying and complaining, but this guy managed to turn things around with HPC? Even with a 22% drop in production, EBITDA still increased. How bold does this move have to be?

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DefiVeteran

· 2025-12-28 18:48

Haha, shifting to HPC is indeed clever. When Bitcoin is in turmoil, it can still increase revenue by 25%. That's true survival instinct.

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4am_degen

· 2025-12-28 18:48

Haha, shifting to HPC is really clever. The Bitcoin mining industry is becoming more and more competitive, but this guy is actually selling better and better. BTC production dropped 22% but profits still increased by 25%? That data is quite impressive; they've indeed found a new way out. With a backing of 4.2 billion USD, it's not just talk—looks like they bet on the right direction. Thinking about it, just holding onto Bitcoin is basically waiting to die. Diversification is the real key, right? This move is truly impressive. Mining companies that know how to adapt are the real winners. What are those still stubbornly insisting on only mining BTC thinking? Just wait, there should still be room for growth in HPC. Let's see how it develops.

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