H100 Group Reports $26M Loss Amid Falling Bitcoin Prices
H100 Group, listed in Sweden, reported a $26 million loss for the first half of the year, driven by the declining value of Bitcoin. The company also recorded a pre-tax loss of 98 million Swedish kronor ($10.3 million) for the second quarter, impacting its treasury holdings. Despite these losses, H100 has positioned itself as Europe's second-largest Bitcoin treasury by holdings.
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H100 Group records $10.3M quarterly loss as Bitcoin weighs on earnings
Sweden-listed H100 Group has reported a pre-tax loss of 98 million Swedish kronor ($10.3 million) for the second quarter as the decline in Bitcoin’s price weighed on the company’s treasury holdings. H100 Group said in its interim report published Wednesday…
Sweden’s H100 reports $26M H1 loss driven by falling Bitcoin value
Sweden’s H100 reported a $26 million loss for the first half of the year, as it completed its acquisitions to become Europe’s second-largest Bitcoin treasury by holdings.