Shares Outstanding History
Cash Position
Cash Position
The company has -0.4 months of cash left based on the quarterly cash burn of $-21.29 M and estimated current cash of $-2.63 M.
Commentary on Financial Condition
“Prior to the Transactions on March 31, 2025, we operated as the "Bitcoin mining" sub-segment of Hut 8's "Compute" segment and not as a standalone company; therefore, our primary sources of liquidity included cash from Hut 8, proceeds from sales of Bitcoin, Hut 8’s strategic Bitcoin reserve, and capital raised from investors. Subsequent to the effectuation of the Transactions, our primary sources of liquidity included capital raised from investors, including equity sales and our strategic Bitcoin reserve, which we started to accumulate following the effectiveness of the Transactions on April 1, 2025. Our primary cash needs are for Bitcoin purchases to pursue our Bitcoin accumulation strategy, working capital to support our operations and growth, and equipment financing, including the purchase of additional Bitcoin miners and infrastructure.” (from August 2026 filing’s Liquidity and Capital Resources) Filed At: 2026-08-03
| 3 | Form 3 | 2026-08-07 |
| 4 | Form 4 | 2026-08-07 |
| 8-K | Form 8-K | 2026-08-03 |
| 8-K | Form 8-K | 2026-08-03 |
| 10-Q | Form 10-Q | 2026-08-03 |
| 4 | Form 4 | 2026-07-30 |
| 4 | Form 4 | 2026-07-30 |
| 4 | Form 4 | 2026-07-30 |