What changed
Q4 FY26 revenue was $137M, down 43.8% YoY. Net loss was -$684M. The bottom line was pressured by non-cash impairments of -$450.4M, primarily tied to decommissioning Bitcoin mining hardware as sites convert to AI Cloud.
Why it matters
Q4 FY26 revenue was $137M, down 43.8% YoY. Net loss was -$684M. The bottom line was pressured by non-cash impairments of -$450.4M, primarily tied to decommissioning Bitcoin mining hardware as sites convert to AI Cloud.