Hyperscale Data prelim Q3 revenue surges, partly on defense, blockchain software businesses

By Reuters News


Overview

  • AI data center firm's preliminary Q3 revenue rose 64% yr/yr to about $40 mln

  • Growth driven by crane operations, defense, lending, trading, and blockchain software units


Outlook

  • Company expects divestiture of Ault Capital Group to occur in 2027

  • Company remains focused on developing Michigan AI data center opportunity

  • Company did not provide specific revenue or earnings guidance for future periods


Result Drivers

  • PORTFOLIO CONTRIBUTIONS - Co said revenue growth was driven by increased contributions from crane operations, defense, lending and trading, and blockchain software

  • DEFENSE SEGMENT - Defense segment revenue increased due to reconsolidation of Gresham Worldwide, Inc.

  • BITCOIN MINING - Lower Bitcoin mining revenue partially offset gains


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$40 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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