Today we announced our results for Q1 2025, a period of deliberate investment designed to unlock the potential of our development flywheel.

Highlights

- Deployed our upgraded ASIC fleet to end the quarter with 9.3 EH/s at approximately 20 J/TH

- Launched @AmericanBTC to establish a purpose-built mining entity for strategic Bitcoin accumulation

- Advanced key infrastructure projects, including development at $Vega and initial sitework at River Bend

With approximately 10,800 MW of development capacity in our pipeline and 10,264 Bitcoin retained in reserve as of March 31, 2025, we believe we are well-positioned and capitalized to execute on our 2025 roadmap.