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. ”

November 5, 2024 DAY Miner, a fast-growing digital asset mining service and world-leading cloud mining service provider, today announced unaudited financial and operating results for the quarter ended September 30, 2024.

Q3 2024 Operational Highlights

Hosting capacity was 556 MW, distributed across 17 sites on three continents, compared to 339 MW, distributed across 16 sites on two continents in the same period of 2023.
Total managed mining capacity increased by 88.5% to 26.2 EH/s, compared to 13.9 EH/s in the same period of 2023.
Cloud mining registered users increased by 75.3% to 2,932,932 as of September 30, 2024, from 2,569,929 as of September 30, 2023.
Bitcoin ("BTC" production from self-mining 615 BTC
BTC produced by customers through cloud mining solutions fell from 1,614 BTC in the same period of 2023 to 1,235 BTC,

With Trump's election as president and BTC's crazy surge, Ethereum (ETH), the world's second-largest cryptocurrency by market value, broke through the $3,000 mark for the first time since late July this week. Is this a return to glory or a flash in the pan?