DAY Miner Q3 2024 Financial Highlights
Total revenue was $90.3 million, up 47.5% from $61.2 million in the same period of 2023.
Cloud mining solution revenue was $68.9 million, up 51.4% from $45.5 million in the same period of 2023.
Of the cloud computing solution revenue, recurring revenue from active customers in the same period last year was $43.5 million, accounting for 63.1%.
Bitcoin self-mining business revenue was $20.5 million, up 40.4% from $14.6 million in the same period of 2023.
Net loss was $5 million, compared with $2.7 million in the same period of 2023. The net loss included $4.3 million in equity incentive expenses.
Adjusted EBITDA (non-GAAP measure) was $5.8 million, up 48.1% from $3.9 million in the same period of 2023.
The combined balance of cash, cash equivalents and digital assets was $142.7 million as of September 30, 2024, compared to $76.0 million as of December 31, 2023.
DAY Miner is focused on strategic investments in vertical integration, securing long-term hash rate, and expanding our geographic footprint to create a stronger, more efficient business that can thrive in a variety of conditions and deliver sustainable long-term value to our shareholders. ”
