In Q2-2022, this company generated $2M in revenue, up 77% YoY (18% QoQ). Revenue growth came from hosting services for third-party crypto miners, partially offset by lower revenue from self-mining, amid weaker crypto prices. Q2 revenue was 12% lower than our estimate due to softer self-mining revenue. EBITDA improved QoQ (-$0.60M in Q1, to -$0.06M in Q2). We were expecting EBITDA to turn positive.
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