Vertical Integration and Infrastructure Control
Successfully transitioned to a vertically integrated model, managing infrastructure in-house with the acquisition of a 15 megawatt mining facility in Oklahoma, reducing energy costs and improving operational efficiencies.
Significant Increase in Bitcoin Holdings
Bitcoin holdings increased over 300% to $14 million in 2024, with 165.8 Bitcoin held as of February 2025, showcasing strategic growth and alignment with Bitcoin industry.
Improved Financial Performance
Achieved profitability on a core-EBITDA basis in 2024 with $3.9 million and a net income of $2 million for Q4 2024, a 220% improvement from a net loss of $1.6 million a year ago.
Cost Efficiency and Operational Improvements
Operational efficiency increased with staff costs, payroll, and SG&A expenses down 18% year-over-year, and mining efficiency improved by 10% to 15% through the installation of LuxOS firmware.