Aug 14, 2026 earnings call — Expanding into AI hosting with owned power
Expanded into AI and high-performance computing using 26 megawatts of owned power; first GPU pilot listed on Vast.ai with immaterial near-term revenue.
Key quotes
"In July, we expanded our business to include hosting AI infrastructure and high-performance computing to take advantage of the 26 megawatts of power under our control."
"In July, we acquired our first GPU and listed that capacity on the Vast.ai compute marketplace."
"At the subsequent event update, we refinanced and consolidated our three existing debt facilities totaling $18 million with Arch Lending secured by 307 Bitcoins from our treasury."
Analyst Q&A 1
AI data center hosting and local expansion plan
Q (Matthew Galinko · Maxim Group): He asked if the company has had initial discussions with counterparties about offering colo-style AI/HPC hosting, and asked for details on containerized GPU economics, funding, and whether it would replace mining. He also asked what steps are needed to expand capacity and whether local communities would push back.
A: They said they are talking to counterparties but have not announced anything definitive yet. About containerized AI/GPU infrastructure, they said manufacturers and deals are sophisticated, require NDAs, and often involve financial partners, and that they have not reached any material developments. On expansion, they said community reaction is local: Oklahoma has little social risk, while Columbus has some anti-data center sentiment but they portrayed their facility as helping avoid brownouts.
"But the answer to your question is, yes, we are talking to counterparties and sorting through it." — Bruce Rodgers (CEO·CHAIR)