Treasury Qualification
Treasury classificationBitcoin Miner with Strategic Holdings
Qualification tierPending qualification
Directory statusNeeds Review
Ownership statusHOLD — methodology review required for the latest balance. Retain 12,205 attributable/unencumbered BTC at June 30 as historical only. This excludes 1,719 BTC receivable from transferred control. The separate August 31 headline (and btc_total_reported) is 13,703, including 3,951 jointly described as collateral or receivables; ownership split is unresolved. Neither 13,703 nor the conditional 9,752 replaces June eligible BTC. The primary-field change is not a verified sale reconciliation. Under the later approved manifest, directory status is Needs Review and qualification is pending; the historical balance is not counted.
Strategic intent
The company retains mined Bitcoin as a strategic balance-sheet asset while operating Bitcoin-mining and energy infrastructure.
Bitcoin Treasury
Last verified attributable BTC12,205 BTC
Balance dateJune 30, 2026
Estimated valueUnavailable
Average purchase priceNot disclosed
Not included in totals
Historical balance only — current eligible balance not established
Newer reported BTC — not used in totals
13,703 BTC · Balance date: August 31, 2026
Published September 8, 2026. Includes 3,951 BTC described jointly as collateral or receivables; retained-ownership allocation unresolved. Historical June eligible balance remains separately dated and excluded from totals.
Reported BTC source
Ownership and Restrictions
Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.
Total BTC reported13,703
Unencumbered / unrestricted12,205
Pledged as collateralNot separately disclosed
Loaned to third parties0
Subsidiary-owned0
Other restricted owned BTCNot separately disclosed
Latest Financial Results
Reporting period: Three months ended June 30, 2026 — fiscal Q3
Revenue$138,006,000
Operating income/loss$-232,399,000
Net income/loss$-239,842,000
Cash$202,601,000
Management
- Chief executive officer
- Matt Schultz
- Chief financial officer
- Gary A. Vecchiarelli
- Executive chair
- Matt Schultz (Chairman)