from article:

However, the net loss for the quarter was $154 million, or $0.54 per share, 92% higher than the net loss in Q3, 2023, primarily due to reduced power credits, increased operating expenses, and the halving impact.

The average cost to mine one Bitcoin was $35,376, around half of current spot prices, which are around $72,000. The firm attributed this to its energy efficiency, “achieving an industry-leading average all-in cost of power of 3.1 cents/kWh,” Les added.

add: Additionally, the Bitcoin miner now anticipates ending 2025 at 46.7 EH/s, lower than prior guidance of 56.6 EH/s, also due to expansion delays and longer than anticipated lead times for the next substation at its Corsicana Facility.

When both facilities are fully operational, the firm anticipates a hashrate capacity of 65.7 EH/s by the end of 2026.

Its shares are down 32% year-to-date and have dumped 85% since their February 2021 all-time high of just over $70.